Cloetta AB
STO:CLA B
Cloetta AB
Cloetta AB manufacturse, and markets sugar confectionery, chocolate products, pastilles, and chewing gum. The company is headquartered in Malmo, Skane and currently employs 2,599 full-time employees. The company went IPO on 2008-12-08. The primary ingredient for its products is cocoa. The firm uses cocoa mass that is produced from seeds found in the fruit of cocoa trees grown along the equator. The company 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 firm owns such brands, as Lakerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. The firm 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.
Cloetta AB manufacturse, and markets sugar confectionery, chocolate products, pastilles, and chewing gum. The company is headquartered in Malmo, Skane and currently employs 2,599 full-time employees. The company went IPO on 2008-12-08. The primary ingredient for its products is cocoa. The firm uses cocoa mass that is produced from seeds found in the fruit of cocoa trees grown along the equator. The company 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 firm owns such brands, as Lakerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. The firm 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.
Record Sales: Cloetta reported its highest ever quarterly net sales of SEK 2.196 billion, with 5.7% organic growth, marking the fifth consecutive quarter above SEK 2 billion.
Profitability: Operating profit rose to SEK 238 million, among the highest in company history, driven mainly by strong performance in Pick & Mix.
Pick & Mix Turnaround: Pick & Mix segment grew by 18.6% and achieved profitability within the targeted 5%–7% margin range for the third consecutive quarter.
Stable Debt: Net debt to EBITDA improved to 1.6 times, well below the company’s target of 2.5 times, highlighting a strong financial position.
Greenfield Project On Hold: The planned greenfield plant project has been paused to reassess risks and alternative options, with an update expected in Q1 2025.
Cost Pressures: Higher cocoa prices are expected to impact Q4 margins, but cost inflation stabilized in Q3 and further pricing actions have been taken.
Portfolio Optimization: Continued focus on reducing lower-profit products and optimizing the product portfolio helped boost margins.
