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President and CEO Henri de Sauvage-Nolting comments on the results for the third quarter of 2017

The third quarter has been challenging, mainly due to the consequences from a fire on a production line in the factory in Turnhout, Belgium. This has created ripple effects such as production capacity constraints in our factory network, which has to some extent been compensated by additional shifts in other factories and outsourced volumes. In total, this has resulted in lower production volumes and higher production costs. In addition, organic sales have continued to decline, mainly due to specific challenges in a few markets. 

President and CEO Henri de Sauvage-Nolting comments on the results for the second quarter of 2017

The quarter was challenging both in terms of sales and operating profit and going forward we need to focus even more on our organic sales and profit development. Cloetta’s business structure now also changes significantly due to the acquisition of Candyking and the agreement to divest Cloetta Italy. As a result, Cloetta Italy is no longer part of the comparative figures and is accounted for as assets held for sale and discontinued operation.

Henri de Sauvage Nolting appointed President and CEO of Cloetta AB

New CEO of Cloetta AB appointed. Cloetta’s Board of Directors has decided to appoint Henri de Sauvage Nolting to President and CEO of Cloetta AB. He will assume the position as of 15 February, 2017. Before joining Cloetta Henri de Sauvage Nolting was Executive Vice President of Arla in Sweden, Denmark and Finland.