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Investment case

    1. Northern Europe’s leading confectionery company creating joy through iconic brands for over 160 years
    2. A non-cyclical market with stable consumer demand outgrowing FMCG Food
    3. Broad confectionery portfolio favoured by evolving consumer preferences
    4. Iconic brand portfolio of international Superbrands and strong local hero brands with high consumer loyalty
    5. Attractive growth opportunities in scaling of Superbrands, focused expansion beyond core markets, and excelling in marketing and innovation
    6. Selective M&A to accelerate strategy of geographic presence and category expansion
    7. Committed to sustainability and responsible sourcing across the value chain
    8. Attractive cash flow generation with clear upside on margin and shareholder value