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Cloetta AB (CLOEb.ST)

CLOEb.ST on Stockholm Stock Exchange

30.16SEK
23 May 2018
Change (% chg)

-0.38kr (-1.24%)
Prev Close
30.54kr
Open
30.50kr
Day's High
30.50kr
Day's Low
30.06kr
Volume
206,055
Avg. Vol
599,709
52-wk High
38.80kr
52-wk Low
26.00kr

Latest Key Developments (Source: Significant Developments)

Cloetta Appoints New CFO
Friday, 18 May 2018 

May 18 (Reuters) - CLOETTA AB ::FRANS RYDEN APPOINTED CFO.FRANS RYDEN WILL ASSUME HIS POSITION AT LATEST 1 DECEMBER, 2018..  Full Article

Cloetta CFO ‍Danko Maras has decided to leave company
Monday, 26 Mar 2018 

March 26 (Reuters) - Cloetta Ab ::‍DANKO MARAS, CFO, HAS DECIDED TO LEAVE CLOETTA TO TAKE UP A POSITION AS CFO AT ANOTHER COMPANY​.‍WORK TO FIND CFO'S SUCCESSOR HAS ALREADY BEEN INITIATED​.  Full Article

Cloetta's new line at factory in Turnhout expected to be operational in Q2 2018​​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - CLOETTA AB ::‍DAMAGED LINE AT FACTORY IN TURNHOUT WILL BE REPLACED BY A NEW LINE EXPECTED TO BE OPERATIONAL IN Q2 2018​.SAYS ‍ESTIMATED SYNERGY SAVINGS FROM CANDYKING OF SEK 100M ON AN ANNUAL BASIS FROM 2020 STANDS FIRM.‍SAVING INITIATIVES WILL BE IMPLEMENTED IN 2018 AND ARE EXPECTED TO GIVE FULL SAVINGS IN 2019.  Full Article

Cloetta says ‍Q3 operating profit fell to SEK 169 mln ​
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Cloetta Ab says::Net sales for Q3 increased by 17.1 pct to SEK 1,505m (1,285)​.Q3 operating profit amounted to SEK 169m (195).​.Q3 cash flow from operating activities amounted to SEK 135m (116)​.Q3 net debt/ebitda ratio was 2.63 (2.76)​.  Full Article

Cloetta says CEO David Nuutinen to step down
Wednesday, 24 Aug 2016 

Cloetta AB : David Nuutinen steps down as CEO - search for new ceo initiated . Nuutinen had been CEO for 13 months . Says decision due to private reasons . Says Danko Maras, CFO, will assume position as interim president and CEO .Says David Nuutinen will be available to support the Board and the management team during his term of notice of six months.  Full Article

Cloetta enters into new loan agreement
Monday, 25 Jul 2016 

Cloetta Ab : Cloetta enters into new loan agreement and intends to redeem bonds . Says has entered into a new term and revolving facilities agreement with a group of four banks, amounting in total to the equivalent of SEK 3,700 million which will be partially used to refinance its existing bank financing . In the third quarter of 2016 Cloetta is expected to recognize one-off expenses in net financial items of approximately SEK 60m relating to the termination of the old credit facilities, the establishment of the Facilities Agreement and the redemption of the Senior Secured Notes . The Facilities Agreement, along with the redemption of the Senior Secured Notes, is expected, excluding one-off expenses, to reduce the group's net financial items by approximately SEK 140 million over a five year period, whereof SEK 50 million in 2017 . The new financing package includes a bridge loan of SEK 1,000 million which Cloetta intends to use to redeem its Senior Secured Notes issued in September 2013 . The Facilities Agreement comprises of a term loan of EUR 175 million, a revolving credit facility of EUR 120 million and a bridge loan of SEK 1,000 million.  Full Article

Cloetta Q2 profit tops forecast, returns to organic sales growth
Friday, 15 Jul 2016 

Cloetta AB : Q2 net sales for quarter increased by 6.4 per cent to SEK 1,362 mln . Q2 operating profit SEK 142 million vs year-ago 130 mln . Reuters poll: Cloetta q2 operating profit was seen at SEK 133 mln, net sales SEK 1,356 mln . Says sales for quarter increased by 6.4 per cent, of which organic growth accounted for 2.0 percent . Says sales in quarter were up in Sweden, Finland, Norway and Denmark . Says sales were down in UK, Netherlands, Italy and export markets .Says reported drop in sales in UK is partly attributable to a weaker British pound following brexit referendum.  Full Article

BRIEF-Cloetta Q1 Adjusted Operating Profit Rises To SEK 164 Mln

* Q1 NET SALES FOR QUARTER INCREASED BY 27.8 PER CENT TO SEK 1,562M (1,222)