Brief: Cloetta Q4 adj op profit 258 mln SEK, dividend 0.75 sek/share

Cloetta AB

01/02/2017 07:00

Feb 1 (Reuters) - Cloetta AB  CLOEb.ST  
    * Says board proposes a dividend of sek 0.75 (0.50) per 
share 
    * Says operating profit, adjusted, increased to SEK 258m 
(255) 
    * Compared to the same quarter of last year, operating 
profit was significantly impacted by higher items affecting 
comparability 
    * Says this was mainly the impairment related to Cloetta 
Italy 
    * Also impacted by a lost court case related to the 2013 
closure of the warehouse in Norrköping, Sweden and closure of 
the factory in Dieren, the Netherlands 
    * Says operating loss therefore amounted to SEK 548m (239) 
and the loss for the period was SEK 420m (157) 
    * Cloetta's sales for the quarter rose by 3.8 per cent, of 
which organic growth accounted for 1.0 per cent and exchange 
rate differences accounted for 2.8 percent 
    * Says confectionery market as a whole showed positive 
development in the Netherlands. In Sweden, Norway, Denmark, 
Finland and Italy, market development was negative or unchanged. 
 
 
Further company coverage:  CLOEb.ST  
 
 (Reporting By Simon Johnson) 
 ((simon.c.johnson@thomsonreuters.com;))