Stockholm / SE. (cab) Swedish Cloetta AB, a leading confectionery company in the Nordic region and the Netherlands, ends the year with another strong quarter, where both Branded packaged products and Pick and mix continue to deliver double-digit growth. Full-year net sales are for the first time in the company’s history exceeding SEK 8 billion. The sales were accompanied by an all-time high operating profit, despite compressed margins. The Greenfield project progressed as planned in all workstreams, and the technical ability to operate Europe’s first emission-free major candy factory has been confirmed.
- Net sales for the quarter increased by 14.5 per cent to SEK 2,182m (1,905) including a positive impact from foreign exchange rates of 2.8 per cent.
- Sales of Branded packaged products increased organically by 11.1 per cent during the quarter.
- Sales of Pick + mix increased organically by 13.6 per cent during the quarter.
- Operating profit adjusted for items affecting comparability, amounted to SEK 200m (183). Operating profit amounted to SEK 174m (187), impacted by items affecting comparability of SEK -26m (4), mainly related to the Greenfield facility.
- Operating profit, adjusted, of Branded packaged products amounted to SEK 200m (180).
- Operating profit, adjusted, of Pick + mix amounted to SEK 0m (3).
- Profit for the period amounted to SEK 138m (108), which equates to basic and diluted earnings per share of SEK 0.48 (0.38).
- Cash flow from operating activities was SEK 478m (281).
- Net debt/Ebitda ratio was 1.7x (1.9).
- The Board proposes a dividend of SEK 1.00 (1.00) per share.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- North Dakota Mill: announces record profits in FY-2023
- Mangal x LP10: Kebab Franchise to Roll Out Up To 2400 Food Robots
- Smucker Company: announces Q1 fiscal 2025 results
- DPC Dash: Announces 2024 Interim Financial Results
- Ardent: Announces Further Investment in Colorado Mill
- SOK Corporation: Sales increased in H1-2024
- Campbell: Sells Pop Secret Business to Our Home
- Red Robin: Reported Results for Fiscal Q2-2024
- Lancaster Colony: Reports Q4 And FY-2024 Results
- Axfood AB: to close down its meal kit company
- Kroger: Files Motion to Enjoin the FTCs Merger Challenge
- ICA Gruppen: announces second quarter 2024 report
- Kesko: to significantly expand operations in Denmark
- Flowers Foods: Reports Second Quarter 2024 Results
- Arcos Dorados: Reports Q2-2024 Financial Results
- Ark Restaurants: Announces Q3-2024 Financial Results
- Utz: acquires distribution rights from National Food Corp
- Tide Rock LLC: Acquires Glenn Wayne Wholesale Bakery
- Portos Bakery + Cafe to Enhance Digital Ordering Experience
- GrubMarket: Acquires Good Eggs Grocery Company