Interim President and CEO Danko Maras comments on the results for the fourth quarter of 2016
Improved sales and operating profit adjusted, net debt/EBITDA below target and increased dividend.
Improved sales and operating profit adjusted, net debt/EBITDA below target and increased dividend.
Net sales for the quarter increased by 3.8 per cent to SEK 1,684m (1,622), of which organic growth accounted for 1.0 per cent. Operating profit, adjusted, increased to SEK 258m (255).
Cloetta AB will publish the year-end report for the period 1 January – 31 December 2016 on Wednesday 1 February at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and the financial community.
Strong cash flow, decreased debt and proposed dividend
Net sales for the quarter increased by 2.7 per cent to SEK 1,622m (1,579), including a positive impact from foreign exchange rates of 0.2 per cent. Operating profit was SEK 239m (262).
Cloetta AB will publish the year-end report for the period 1 January – 31 December 2015 on Thursday 18 February at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.
Net sales for the quarter increased by 9.6 per cent to SEK 1,579m (1,441), including a positive impact from foreign exchange rates of 3.1 per cent. Operating profit was SEK 262m (175).
Cloetta AB will publish the year-end report for the period 1 January – 31 December 2014 on Friday 13 February at 08:00 a.m. CET. Following this report Cloetta will arrange a conference call with web presentation for media and analysts.
In the fourth quarter, sales growth was 2.6 per cent and the underlying operating profit (EBIT) increased compared to the previous year.