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A really good result for Cleoetta

A really good result for Cleoetta

Net sales were 1,398 million SEK, which is comparable to the average forecast of 1,366 million SEK.

Declared operating profit of SEK 107 million, compared to an analyst’s average of SEK 97.8 million.

Profit before taxes was 127 million SEK, compared to an projected 93.4 million SEK.

Profits after tax were 106 million SEK, compared to an analyst average of 71.2 million SEK.

Chloita has agreements with existing banks for multi-currency loans and overdraft facilities. A decision was also made to continue with the company’s current corporate certification program. This came in a press release regarding the report.

A loan of 0.8 billion SEK was introduced with repayment on June 30, 2023 and the possibility of extension for another two years. Moreover, a € 125 million euro loan has been refinanced for repayment on June 30, 2024, with the possibility of an extension for another two years.

The overdraft facility has been reduced to 60 million euros from the previous 120 million euros, available until June 30, 2025 with the possibility of an extension for another two years.

Cloetta is investing approximately 130 million SEK in cardboard packaging technology. As can be seen from the interim report. The investment will be made in 2021 and 2022 in addition to the regular investments.

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