Brief: Cloetta Q2 profit tops forecast, returns to organic sales growth

Cloetta AB

15/07/2016 07:00

July 15 (Reuters) - Cloetta AB  CLOEb.ST  
    * Q2 net sales for quarter increased by 6.4 per cent to SEK 
1,362 mln 
    * Q2 operating profit SEK 142 million vs year-ago 130 mln 
    * Reuters poll: Cloetta q2 operating profit was seen at SEK 
133 mln,  net sales SEK 1,356 mln 
    * Says sales for quarter increased by 6.4 per cent, of which 
organic growth accounted for 2.0 percent 
    * Says sales in quarter were up in Sweden, Finland, Norway 
and Denmark 
    * Says sales were down in UK, Netherlands, Italy and export 
markets 
    * Says reported drop in sales in UK is partly attributable 
to a weaker British pound following brexit referendum 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nWkrgn7130 
Source text for Eikon:  urn:newsml:reuters.com:*:nWkrgn7116 
Further company coverage:  CLOEb.ST  
 
 ((niklas.pollard@thomsonreuters.com;))