Year-end report, Q4 October

  · Net sales for the quarter increased by 2.6 per cent to SEK 1,441m (1,404)
including a positive impact from foreign exchange rates of 1.0 per cent.
  · Operating profit was SEK 175m (82).
  · Underlying EBIT improved to SEK 231m (200).
  · Items affecting comparability amounted to SEK –56m (–118) and consist mainly
of costs related to factory restructurings.
  · Cash flow from operating activities was SEK 116m (147).
  · The factory restructurings are proceeding according to plan. The production
in Gävle, Sweden, was terminated at year end.
  · Net debt/underlying EBITDA was 4.2x (5.1). In the quarter, SEK 68m of the
debt was amortised.
  · No dividend payout proposed in line with the financial strategy to reduce
net debt to approximately 2.5x EBITDA.
  · On 8 January 2014, Cloetta completed the acquisition of Alrifai Nutisal AB.
The acquisition is in line with Cloetta’s strategy to broaden its product
portfolio within Munchy Moments.
Contacts
Jacob Broberg, Senior Vice President Corporate Communications and Investor
Relations, +46 70-190 00 33
Danko Maras, Chief Financial Officer, +46 76-627 69 46
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the Nordic
region, the Netherlands, and Italy. In total, Cloetta products are sold in more
than 50 countries worldwide. Cloetta owns some of the strongest brands on the
market, such as Läkerol, Cloetta, Jenkki, Kexchoklad, Malaco, Sportlife, Saila,
Red Band and Sperlari. Cloetta has 10 production units in five countries.
Cloetta’s class B-shares are traded on NASDAQ OMX Stockholm. More information
about Cloetta is available on www.cloetta.com
Year-end report, Q4 October – December 2013

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