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Cloetta AB ( ($SE:CLA.B) ) has shared an update.
Cloetta AB is restructuring its organization to align with new strategic priorities aimed at profitable growth. The company plans to focus on its superbrands, expand into new markets such as Germany, the UK, and North America, and enhance marketing and innovation efforts. 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 SEK 60-70 million expected in 2025. These changes are intended to make Cloetta more efficient and agile, strengthening its market position.
More about Cloetta AB
Cloetta is a leading confectionery company in Northern Europe, known for its focus on superbrands and expanding its market reach beyond core regions. The company aims to leverage its strong brand presence in core markets and expand into Germany, the UK, and North America.
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.