Strong Uplift in Profitability
Cloetta achieved an EBIT margin of 11.9% for Q3, a significant improvement from the previous year, bringing the year-to-date margin to 11.5%. This marks the fourth consecutive quarter with a margin above 11%.
Robust Pick & Mix Segment Performance
The Pick & Mix segment saw a strong growth of 9.4% in Q3, contributing to the overall profitability and supporting the raised margin target of 7% to 9% for this segment.
Successful Launch of New Products
Two new product launches, Malaco Fruit Drops and Chewy Soft Bites, have been well-received, aligning with consumer trends towards sustainable and sensory products.
Strong Free Cash Flow
Cloetta generated a healthy free cash flow of SEK 339 million in Q3, almost double the profit after tax, marking the first time the company exceeded SEK 0.5 billion in free cash flow year-to-date.