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Cloetta AB ( ($SE:CLA.B) ) has shared an update.
Cloetta AB reported strong quarterly growth with a 2.0% increase in net sales, driven by a 6.5% organic growth despite negative impacts from foreign exchange and divestments. The company achieved a notable improvement in profitability, with an adjusted operating profit margin of 11.5%. The Pick & Mix segment showed significant growth, contributing to the overall profitability. Cloetta is aligning its operations with new strategic priorities, including a global collaboration with IKEA and exploring opportunities in North America. The company is undergoing organizational changes to enhance agility and expects substantial cost savings by 2026.
More about Cloetta AB
Cloetta AB is a leading confectionery company in Northern Europe, known for its broad portfolio of sweets and chocolates. The company operates in a non-cyclical market and has recently expanded its global reach through a supplier agreement with IKEA.
Average Trading Volume: 379,531
Current Market Cap: SEK9.51B
For an in-depth examination of CLA.B stock, go to TipRanks’ Overview page.