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Cloetta AB ( ($SE:CLA.B) ) has shared an update.
Cloetta AB has announced a strategic reorganization to support its new priorities for profitable growth, which include focusing on ten key brands, expanding into new markets, and enhancing marketing and innovation efforts. The reorganization involves changes in the company’s commercial and group-level functions, resulting in up to 100 job reductions across Europe by the end of 2025, with expected annual savings of SEK 60-70 million.
More about Cloetta AB
Cloetta AB is a leading confectionery company in Northern Europe, primarily focusing on producing and distributing candy and other confectionery products. The company aims to expand its market presence in core markets and beyond, particularly targeting Germany, the UK, and North America.
YTD Price Performance: 33.87%
Technical Sentiment Signal: Sell
Current Market Cap: $821.4M
See more insights into CLA.B stock on TipRanks’ Stock Analysis page.