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    Current Position:Home » News » Processed Foods » Confectionary » Topic

    Cloetta reports full-year profit dip in ‘weak’ market

    Zoom in font  Zoom out font Published: 2013-02-18  Authour: Oliver Nieburg+  Views: 10
    Core Tip: Scandinavia’s largest confectioner Cloetta has reported a 20% fall in earnings for 2012 due to a weak Italian market, higher sugar prices and a sugar tax in Denmark.
    confectioneryThe company released its fourth quarter (Q4) and full-year results today in which it recorded full-year underlying EBITDA of SEK 439m ($70m) down 20% compared to last year.

    Q4 underlying net sales fell 7.4% to SEK 1.4bn ($222m), while underlying EBITA rose 2.7% to SEK 208m ($33m).

     
    keywords: Cloetta Scandinavia confectioner confectionery sugar quota sugar tax
     
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