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Cloetta AB (CLOEb.ST)

CLOEb.ST on Stockholm Stock Exchange

24.48SEK
18 Apr 2019
Change (% chg)

0.04kr (+0.16%)
Prev Close
24.44kr
Open
24.44kr
Day's High
24.56kr
Day's Low
24.44kr
Volume
574,941
Avg. Vol
944,908
52-wk High
31.94kr
52-wk Low
22.32kr

Latest Key Developments (Source: Significant Developments)

Cloetta Q4 Operating Profit Falls To SEK 159 Million
Friday, 25 Jan 2019 

Jan 25 (Reuters) - Cloetta AB ::INTERIM REPORT Q4 OF CLOETTA AB OCTOBER - DECEMBER 2018.BOARD PROPOSES AN ORDINARY DIVIDEND OF SEK 1.00 (0.75) PER SHARE..Q4 NET SALES FOR QUARTER INCREASED BY 0.2 PER CENT TO SEK 1,646M (1,643).Q4 OPERATING PROFIT SEK 159 MILLION VERSUS SEK 171 MILLION YEAR AGO.WILL CONTINUE TO CUT COST IN ORDER TO BE ABLE TO BOTH INVEST AND IMPROVE PROFITABILITY.  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's EBIT to be negatively impacted by short-term issues in Q3
Thursday, 14 Sep 2017 

Sept 14 (Reuters) - Cloetta AB says::EBIT to be negatively impacted by mainly short-term issues..Operating profit, adjusted, is in Q3 expected to be SEK 40 - 50 million lower compared to last year..‍This is mainly due to lower volumes but also higher raw material cost and negative exchange rate differences..Also, the damages due to fire in one of the production lines in the factory in Turnhout, Belgium, has proven to be bigger than initially expected, resulting in production capacity constraints and significantly lower produced volumes. .  Full Article

Cloetta completes divestment of its Italian operations
Tuesday, 5 Sep 2017 

Sept 5 (Reuters) - CLOETTA AB :CLOETTA HAS COMPLETED THE DIVESTMENT OF ITS ITALIAN OPERATIONS.PROCEEDS WILL GENERATE A POSITIVE NET CASH EFFECT OF SEK 415M DURING 2017.  Full Article

Cloetta Q2 operating profit SEK ‍90​ million, below expectations
Thursday, 13 Jul 2017 

July 13 (Reuters) - CLOETTA AB ::Q2 OPERATING PROFIT SEK ‍90​ MILLION (REUTERS POLL: SEK 144 MILLION).Q2 OPERATING PROFIT ADJUSTED FOR ITEMS AFFECTING COMPARABILITY, AMOUNTED TO SEK 115M (156)​.Q2 NET SALES SEK 1.41 BILLION (REUTERS POLL: SEK 1.57 BILLION).SAYS THE CLOETTA GROUP’S TARGET OF AN UNDERLYING EBIT MARGIN OF 14 PER CENT STANDS FIRM.  Full Article

Cloetta to divest its Italian operations
Thursday, 6 Jul 2017 

July 6 (Reuters) - CLOETTA AB :CLOETTA TO DIVEST ITS ITALIAN OPERATIONS.CLOETTA AB SAYS SALE EQUALS AN ENTERPRISE VALUE (EV) OF APPROXIMATELY SEK 450M. PROCEEDS WILL GENERATE A POSITIVE NET CASH EFFECT OF APPROXIMATELY SEK 415M..‍DIVESTMENT WILL RESULT IN AN IMPAIRMENT ESTIMATED TO APPROXIMATELY SEK 365M BEFORE TAX THAT WILL BE REPORTED IN Q2 OF 2017.​.TRANSACTION IS NOT SUBJECT TO REGULATORY APPROVALS AND IS EXPECTED TO CLOSE IN Q3 OF 2017.‍TRANSACTION IS EXPECTED TO CLOSE IN Q3 OF 2017.​.  Full Article