"In the last quarter we continued our trajectory of delivering strong sales growth with stable total volumes, and improved profitability mainly driven by margin-enhancing activities in Pick & mix. The profitability was further boosted by a more favourable mix, despite Pick & mix growing faster than Branded packaged products", comments President and CEO Katarina Tell.
- Net sales for the quarter increased by 4.7 per cent to SEK 2,285m (2,182) including a positive impact from foreign exchange rates of 0.3 per cent
- Sales of Branded packaged products increased organically by 1.6 per cent during the quarter
- Sales of Pick & mix increased organically by 17.3 per cent during the quarter
- Operating profit adjusted for items affecting comparability, amounted to SEK 258m (200)
- Operating profit amounted amounted to SEK 252m (174), with items affecting comparability of SEK -6m (-26)
- Operating profit, adjusted, of Branded packaged products amounted to SEK 214m (200)
- Operating profit, adjusted, of Pick & mix amounted to SEK 44m (0)
- Profit for the period amounted to SEK 158m (138), which equates to basic and diluted earnings per share of SEK 0.55 (0.48)
- Cash flow from operating activities was SEK 308m (478)
- Net debt/EBITDA ratio was 1.3x (1.7)
- The Board proposes a dividend of SEK 1.10 (1.00) per share
Events after the end of the period
- There were no significant events after the end of the reporting period
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation on Wednesday 1 January 2025 at 10.00 a.m. (CET).
Dial-in number(s)
SE: +46 8 5051 0031
UK: +44 207 107 0613
US: +1 631 570 5613
We kindly ask those who wish to dial-in to make sure you are connected to the phone conference by calling in and to register a few minutes before the conference begins.
Web presentation
The live broadcast will be available on:
https://creo-live.creomediamanager.com/d8980cdd-48ed-431a-b1b3-f429ebd4c549
The presentation and the report will be available on www.cloetta.com after publication.
This disclosure contains information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 29-01-2025 07:30 CET.
Investor and media contact
Laura Lindholm
Director, Investor Relations and Communications
+46 766 96 59 40
ir (@) cloetta.com
press (@) cloetta.com
sustainability (@) cloetta.com
