Brief: Cloetta To Invest About SEK 100 Mln In Factory Network In 2019-2020

Cloetta AB

14/03/2019 11:39

March 14 (Reuters) - Cloetta AB  CLOEb.ST :
    * WILL, IN ADDITION TO EXPECTED REGULAR CAPEX OF 3.5 PERCENT OF SALES, INVEST ABOUT SEK 100M
IN
FACTORY NETWORK DURING 2019 AND 2020
    * SAYS AMBITION IS TO HAVE SUSTAINABLE ORGANIC GROWTH OF AT LEAST 1 - 2 PER CENT, INCLUDING
PICK &
MIX BUSINESS
    * AMBITION IS TO DRIVE GROWTH IN BRANDED PACKAGED PRODUCTS, IN-SOURCE CANDYKING VOLUMES,
IMPROVE
PICK & MIX AND REDUCE COSTS
    * AIMS TO MAINTAIN A DIVIDEND OF 40 - 60 PER CENT OF PROFIT FOR PERIOD

Source text for Eikon:  ID:nWkr2zWZK5 
Further company coverage:  CLOEb.ST 

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