Cloetta AB: announces FY-2022 interim report

Stockholm / SE. (cab) Swedish Cloetta AB, a leading confectionery company in the Nordic region and the Netherlands, is reporting the eight consecutive quarter of growth in Branded packaged products and continued volume growth in Pick + mix, with overall strengthened profitability. The dividend proposal is in line with prior year, supported by a healthy cash flow and strong balance sheet.

  • Net sales for the quarter increased by 14.6 per cent to SEK 1,905m (1,662) including a positive impact from foreign exchange rates of 5.1 per cent.
  • Sales of Branded packaged products increased organically by 6.1 per cent during the quarter.
  • Sales of Pick + mix increased organically by 21.0 per cent during the quarter.
  • Operating profit adjusted for items affecting comparability, amounted to SEK 183m (157). Operating profit amounted to SEK 187m (157).
  • Operating profit, adjusted, of Branded packaged products amounted to SEK 180m (152).
  • Operating profit, adjusted, of Pick + mix amounted to SEK 3m (5).
  • Profit for the period amounted to SEK 108m (147), which equates to basic and diluted earnings per share of SEK 0.38 (0.51).
  • Cash flow from operating activities was SEK 281m (368).
  • Net debt/Ebitda ratio was 1.9x (2.0).
  • The Board proposes a dividend of SEK 1.00 (1.00) per share.
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