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Cloetta AB

CLOEb.ST

Latest Trade

28.00SEK

Change

0.18(+0.65%)

Volume

446,314

Today's Range

27.64

 - 

28.24

52 Week Range

22.32

 - 

31.78

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Pricing

Previous Close
27.82
Open
27.88
Volume
446,314
3M AVG Volume
7.38
Today's High
28.24
Today's Low
27.64
52 Week High
31.78
52 Week Low
22.32
Shares Out (MIL)
288.62
Market Cap (MIL)
7,920.75
Forward P/E
17.00
Dividend (Yield %)
2.68

Next Event

Q3 2019 Cloetta AB Earnings Release

Latest Developments

More

Cloetta Q2 Operating Profit Rises To Sek 159 Mln

Cloetta Q1 Operating Profit Down At To SEK 164 Mln

Cloetta To Invest About SEK 100 Mln In Factory Network In 2019-2020

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About Cloetta AB

Cloetta AB is a Sweden-based company active in the chocolate and sugar confectionery market. The primary ingredient for its products is cocoa. The Company uses cocoa mass that is produced from seeds found in the fruit of cocoa trees grown along the equator. It produce and sells products within three main categories, namely Chocolate, which comprises chocolate wafers, plates, pralines and dragees; Sugar confectionery, which comprises foam, wine gums, liquorice, toffees, hard boiled candy, chewy candy, toffee/fudge/caramel and lollypops, and Refreshment, which comprises pastilles and chewing gum. The Company owns such brands, as Lakerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. The Company has 12 production units in six countries. In January 2014, it acquired Alrifai Nutisal AB. In May 2014, it acquired 75% of shares of Aran Candy Ltd and the brand The Jelly Bean Factory, Irish company producing and selling gourmet Jelly Beans.

Industry

Food Processing

Contact Info

Farogatan 33

+46.8.52728800

https://www.cloetta.com/

Executive Leadership

Lilian Fossum Biner

Independent Chairman of the Board

Henri de Sauvage Nolting

President, Chief Executive Officer

Frans Ryden

Chief Financial Officer

Marcel Mensink

President Operations

Regina Ekstrom

Senior Vice President Human Resources

Key Stats

3.00 mean rating - 3 analysts
Sell
Hold
Buy
Revenue (MM, SEK)

2016

5.9K

2017

5.8K

2018

6.2K

2019(E)

6.4K
EPS (SEK)

2016

1.410

2017

1.400

2018

1.740

2019(E)

1.667
Price To Earnings (TTM)
16.49
Price To Sales (TTM)
1.25
Price To Book (MRQ)
2.00
Price To Cash Flow (TTM)
10.50
Total Debt To Equity (MRQ)
72.19
LT Debt To Equity (MRQ)
56.64
Return on Investment (TTM)
6.70
Return on Equity (TTM)
5.27

Latest News

Latest News

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)

BRIEF-Cloetta CFO ‍Danko Maras has decided to leave company

* DANKO MARAS, CFO, HAS DECIDED TO LEAVE CLOETTA TO TAKE UP A POSITION AS CFO AT ANOTHER COMPANY

BRIEF-Cloetta Q4 Operating Profit Below Expectations At SEK 171 Million

* BOARD PROPOSES AN ORDINARY DIVIDEND OF SEK 0.75 (0.75) PER SHARE AND A SPECIAL DIVIDEND OF SEK 0.75 (-) PER SHARE

BRIEF-Cloetta's new line at factory in Turnhout expected to be operational in Q2 2018​​

* DAMAGED LINE AT FACTORY IN TURNHOUT WILL BE REPLACED BY A NEW LINE EXPECTED TO BE OPERATIONAL IN Q2 2018

BRIEF-Swedish Economic Crime Authority says has arrested Cloetta staffers

* SWEDISH ECONOMIC CRIME AUTHORITY SAYS HAS ARRESTED CLOETTA AB STAFFERS IN LEADING POSITIONS Source text (in Swedish): https://www.ekobrottsmyndigheten.se/press/nyheter/2017/10/ledningspersoner-inom-cloetta-koncernen-har-anhallits-och-husrannsakan-har-genomforts/

BRIEF-Cloetta says employees under investigation for insider trading

* CERTAIN EMPLOYEES IN CLOETTA UNDER INVESTIGATION FOR SHARE SALES

BRIEF-Cloetta's EBIT to be negatively impacted by short-term issues in Q3

* EBIT to be negatively impacted by mainly short-term issues.

BRIEF-Cloetta completes divestment of its Italian operations

* CLOETTA HAS COMPLETED THE DIVESTMENT OF ITS ITALIAN OPERATIONS

BRIEF-Cloetta Q2 operating profit SEK ‍90​ million, below expectations

* Q2 OPERATING PROFIT SEK 90 MILLION (REUTERS POLL: SEK 144 MILLION)

BRIEF-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.

BRIEF-Cloetta says has completed acquisition of Candyking

* Cloetta says has completed the acquisition of Candyking Source text for Eikon: Further company coverage: (Reporting By Simon Johnson)

BRIEF-Cloetta Q1 core profit lags forecast

* Q1 net sales for quarter declined by 0.8 per cent to SEK 1,347m (1,358) including a positive impact from foreign exchange rates of 1.2 per cent.

BRIEF-Cloetta says Swedish Competition Authority approves Candyking acquisition

* Swedish Competition Authority approves Cloetta's acquisition of Candyking

BRIEF-Candyking wins bondholders' approval for sale of company to Cloetta

* Candyking says receives bondholders' approval for finalising the sale of Candyking to Cloetta Source text for Eikon: Further company coverage: (Stockholm Newsroom)

UPDATE 1-Confectionary firm Cloetta to buy rival Candyking

Swedish confectionary firm Cloetta AB said on Friday it had agreed to buy rival Candyking for 325 million crowns ($37 million) plus a possible maximum 225 million additionally in a deal it said would strengthen its position within the pick & mix candy segment.

BRIEF-Confectionary firm Cloetta says buys Candyking

* Says Candyking's total sales (including danish tax) amounted to approx. SEK 1,300m on a rolling twelve month basis per Q3 of 2016

RPT-BRIEF-Cloetta Q4 adj op profit 258 mln SEK, dividend 0.75 sek/share

* Says board proposes a dividend of sek 0.75 (0.50) per share

BRIEF-Cloetta Q4 adj op profit 258 mln SEK, dividend 0.75 sek/share

* Says board proposes a dividend of sek 0.75 (0.50) per share

UPDATE 1-Cloetta mulls sale of Italian business, flags impairment

Swedish candy maker Cloetta said on Wednesday it had launched a strategic review of its Italian business with the aim to boost the group's growth and margins, and it would book an impairment for the Italian unit in the fourth quarter.

BRIEF-Cloetta says eyes potential divestment of Italian business

* Says as a consequence of this an indicative valuation of cloetta italy shows an impairment requirement of SEK 771m pre-tax and SEK 594m post-tax attributable to cloetta italy

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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