Strong organic growth driven by Easter and improved EBIT.
- Net sales for the quarter increased by 7.5 per cent to SEK 1,583m (1,472) including a positive impact from foreign exchange rates of 1.8 per cent.
- Operating profit amounted to SEK 159m (155). Profit for the period amounted to SEK 97m (97). Operating profit, adjusted for items affecting comparability, amounted to SEK 161m (145).
- Cash flow from operating activities amounted to SEK –3m (119).
- Net debt/EBITDA ratio was 2.7x (2.8).
Please find enclosed the full report.
The interim report will be presented at a conference call with web presentation Friday 12 July at 10 a.m. (CET). Information is available at www.cloetta.com.
This information is information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted, by the below contact person, for publication on 12 July, 2019, at 08:00 am CET.
Contacts
Jacob Broberg, Senior Vice President Corporate Communications and Investor Relations, 46 70-190 00 33
Frans Rýdén, Chief Financial Officer, +46 8 527 288 27