Brief: Cloetta Q2 Operating Profit Down At SEK 105 Mln

Cloetta AB

14/07/2020 07:05

July 14 (Reuters) - Cloetta AB  CLOEb.ST :
    * Q2 NET SALES SEK 1.24 BILLION VERSUS SEK 1.58 BILLION YEAR
AGO
    * Q2 OPERATING PROFIT SEK 105 MILLION VERSUS SEK 159 MILLION
YEAR
AGO
    * SAYS EXPECTS THAT SALES OF BOTH BRANDED PACKAGED PRODUCTS
AND
PICK & MIX WILL CONTINUE TO IMPROVE GRADUALLY AS COVID-19
RESTRICTIONS EASE
    * SAYS HAS ALSO MADE AN ASSESSMENT THAT OPERATING PROFIT,
ADJUSTED, FOR Q3 WILL BE SIGNIFICANTLY LOWER THAN PRIOR YEAR,
AND WILL THEN GRADUALLY STRENGTHEN, ENDING YEAR ON DOUBLE-DIGIT
MARGINS

Source text for Eikon:  ID:nWkr2SwChQ 
Further company coverage:  CLOEb.ST 

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