"Our operating environment during the second quarter saw a significantly reduced food price inflation than the same quarter last year. We delivered improved profitability and added another quarter of growth to the previous three years of consecutive organic growth. The improved profitability was mainly driven by the full quarterly effect of previous pricing and margin-improving initiatives in Pick & mix", comments President and CEO
- Net sales for the quarter increased by 2.0 per cent to
SEK 2,038m (1,998) including a positive impact from foreign exchange rates of 0.7 per cent - Sales of Branded packaged products increased organically by 1.2 per cent during the quarter
- Sales of Pick & mix increased organically by 3.4 per cent during the quarter
-
Operating profit adjusted for items affecting comparability, amounted to
SEK 222m (191). Operating profit amounted toSEK 124m (182), impacted by items affecting comparability ofSEK -98m (-9) -
Operating profit, adjusted, of Branded packaged products amounted to
SEK 183m (186) -
Operating profit, adjusted, of Pick & mix amounted to
SEK 39m (5) -
Profit for the period amounted to
SEK 82m (73), which equates to basic and diluted earnings per share ofSEK 0.29 (0.26) -
Cash flow from operating activities was
SEK 59m (83) - Net debt/EBITDA ratio was 1.8x (2.3)
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
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https://news.cision.com/cloetta-ab/r/cloetta-ab-interim-report-april---june-2024--improved-profitability-and-continued-organic-growth,c4014211
https://mb.cision.com/Main/1169/4014211/2913339.pdf
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