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CLA B — Cloetta AB News Story

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Brief: Cloetta Announces Financial Targets

March 27 (Reuters) - Cloetta AB CLOEb.ST:

CLOETTA ANNOUNCES UPDATED STRATEGIC PRIORITIES AND FINANCIAL TARGETS GEARED FOR PROFITABLE GROWTH

LONG-TERM FINANCIAL TARGETS:  ORGANIC SALES GROWTH TARGET INCREASED TO 3-4% PER YEAR (PREVIOUSLY 1-2%)

TARGETS ADJUSTED EBIT MARGIN OF AT LEAST 12% BY 2027

DIVIDEND TARGET: PAYOUT ABOVE 50 % OF PROFIT FOR YEAR (PREVIOUSLY 40-60 %)

Source text: ID:nWkr3h33lP

Further company coverage: [CLOEb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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