Cloetta AB: Interim report Q1/2014

Stockholm / SE. (cab) Swedish Cloetta AB, a leading confectionery company in the Nordic region, the Netherlands and Italy, announced its results for the fist quarter 2014 (01 January to 31 March). Highlights: Net sales for the quarter increased by 5,9 percent to 1’193 million SEK (1’127). Operating profit was 52 million SEK (58). Underlying Ebit was 77 million SEK (91). Items affecting comparability amounted to minus 21 million SEK (minus 33) and consist mainly of costs related to factory restructurings. Cash flow from operating activities was 91 million SEK (minus 16). Net debt/underlying Ebitda was 4,4 times (4,7). In the quarter, 34 million SEK of loans were amortised. On 08 January 2014, Cloetta completed the acquisition of Alrifai Nutisal AB. The acquisition is in line with Cloetta´s strategy to broaden its product portfolio within Munchy Moments.

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