Cloetta AB interim report July – September 2024: Continued organic growth and strengthened profit

"In the third quarter, we continued to grow organically while food price inflation stabilised. Total volumes were stable, with Pick & mix growing faster than Branded packaged products. Profitability increased mainly driven by our continued margin-enhancing activities in Pick & mix. The historically high cocoa price did not significantly impact this quarter", comments President and CEO Katarina Tell. 

• Net sales for the quarter increased by 2.2 per cent to SEK 2,196m (2,148) including a negative impact from foreign exchange rates of -2.0 per cent
• Sales of Branded packaged products increased organically by 1.4 per cent during the quarter
• Sales of Pick & mix increased organically by 18.6 per cent during the quarter
• Operating profit adjusted for items affecting comparability, amounted to SEK 238m (208)
• Operating profit amounted to SEK 238m (201), with items affecting comparability of SEK 0m (-7)
• Operating profit, adjusted, of Branded packaged products amounted to SEK 191m (216)
• Operating profit, adjusted, of Pick & mix amounted to SEK 47m (-8)
• Profit for the period amounted to SEK 130m (161), which equates to basic and diluted earnings per share of SEK 0.45 (0.56)
• Cash flow from operating activities was SEK 249m (193)
• Net debt/EBITDA ratio was 1.6x (2.0)

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 Friday 25 October 2024 at 10.00 a.m. (CEST).

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/e170b80b-755c-4de2-afd9-0b6dec2b8f5c
 

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 25-10-2024 07:30 CET.