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The latest announcement is out from Cloetta AB ( ($SE:CLA.B) ).
Cloetta AB has announced plans to restructure its organization to align with new strategic priorities aimed at profitable growth. The changes include a reduction of up to 100 positions across Europe and are expected to save SEK 60-70 million annually by 2026. The restructuring will involve a more effective operating structure and focus on key markets, with a one-time cost of SEK 60-70 million anticipated in 2025. These efforts are part of Cloetta’s commitment to enhancing its market position and operational efficiency.
More about Cloetta AB
Cloetta AB is a leading confectionery company in Northern Europe, focusing on producing and distributing candy and chocolate products. The company aims to expand its market presence in core markets and beyond, particularly in Germany, the UK, and North America, leveraging its strong brand portfolio and innovative marketing strategies.
YTD Price Performance: 33.87%
Technical Sentiment Signal: Sell
Current Market Cap: $821.4M
Find detailed analytics on CLA.B stock on TipRanks’ Stock Analysis page.