Subscribe Login

Cloetta Posts 14.9% Net Sales Decline In Q4

By Dayeeta Das
Share this article
Cloetta Posts 14.9% Net Sales Decline In Q4

Swedish confectionery firm Cloetta AB has reported a 14.9% decline in net sales, to SEK 1.5 billion (€150 million), in the fourth quarter of its financial year ended December 2020.

Operating profit for the quarter declined 42.1% year-on-year, to SEK121 million (€11.9 million).

The company saw a net sales decline of 12.3% in full-year 2020, to SEK5.7 billion (€560 million).

Operating profit for the period amounted to SEK462 million (€45.5 million), down 36.5% year-on-year, from SEK727 million (€71.6 million) in the corresponding period in 2019.

Divisional Performance

The company saw organic sales of branded packaged products decrease by 3.6% during the quarter.


In the third quarter of 2020, it saw a 1.7% growth in the sales of branded packaged products.

Organic sales in its ‘pick & mix’ business declined 35.9%, the company added.

The division generated a negative EBIT of approximately SEK135 million (€71.6 million) in 2020, impacted by the COVID-19 pandemic.


The confectionery firm is confident that it is well-positioned to continue to create value.


It will focus on organic growth with the aim to reach an EBIT margin (adjusted) of at least 14%.

It also plans continue to pursue its strategy while adapting its implementation plans to meet the requirements of a constantly-changing market environment.

© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine. 

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.