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The latest announcement is out from Cloetta AB ( ($SE:CLA.B) ).
Cloetta AB has announced a strategic reorganization to align with new priorities aimed at profitable growth. The company plans to focus on its superbrands, expand beyond core markets, and enhance marketing and innovation. This restructuring will involve reducing up to 100 positions across Europe, resulting in annual savings of SEK 60-70 million by 2026, with a one-time cost of the same amount expected in 2025. The changes are subject to union negotiations, with finalization expected by October 2025.
More about Cloetta AB
Cloetta AB is a leading confectionery company in Northern Europe, focusing on the production and distribution of sweets and candies. The company is known for its strong presence in core markets and aims to expand its reach in Germany, the UK, and North America.
YTD Price Performance: 33.87%
Technical Sentiment Signal: Sell
Current Market Cap: $821.4M
For a thorough assessment of CLA.B stock, go to TipRanks’ Stock Analysis page.