Brief: Cloetta Q1 Operating Profit Down At SEK 149 Mln

Cloetta AB

24/04/2020 07:15

April 24 (Reuters) - Cloetta AB  CLOEb.ST :
    * CLOETTA AB INTERIM REPORT Q1, JANUARY - MARCH 2020
    * Q1 NET SALES SEK 1.52 BILLION VERSUS SEK 1.56 BILLION YEAR
AGO
    * Q1 OPERATING PROFIT SEK 149 MILLION VERSUS SEK 164 MILLION
YEAR
AGO
    * ON CORONAVIRUS: EXPECTED IMPACT FROM COVID-19 IS THAT
DEMAND FOR
BRANDED PACKAGED PRODUCTS WILL BE LOWER DURING Q2 AND THAT
DEMAND FOR PICK & MIX WILL BE SIGNIFICANTLY REDUCED
    * CLOETTA ALSO ASSESSES THAT OPERATING PROFIT, ADJUSTED, FOR
Q2
WILL BE SIGNIFICANTLY LOWER THAN PRIOR YEAR

Source text for Eikon:  ID:nWkr6scRGp 
Further company coverage:  CLOEb.ST 

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