Brief: Cloetta with New Update On Developments Related To Covid-19

Cloetta AB

08/04/2020 07:08

April 8 (Reuters) - Cloetta AB  CLOEb.ST :
    * NEW UPDATE ON DEVELOPMENTS RELATED TO COVID-19
    * CLOETTA AB - CLOETTA CONFIRMS PREVIOUSLY COMMUNICATED RISK THAT CUSTOMER DEMAND FOR PICK &
MIX
WILL BE SIGNIFICANTLY REDUCED.
    * CLOETTA AB - FOR OUR BRANDED PACKAGED BUSINESS, WE CONTINUE TO SEE A NEGATIVE IMPACT FROM
SALES
CHANNELS SUCH AS ENTERTAINMENT AND TRAVEL RETAIL CLOSING, PARTLY MITIGATED BY INCREASED CUSTOMER
DEMAND FOR BRANDED PACKAGED PRODUCTS IN GROCERY RETAIL AND E-COMMERCE.
    * CLOETTA AB - CLOETTA INTENDS TO UPDATE MARKET ON A REGULAR BASIS WITH RELEVANT INFORMATION
IN
RELATION TO IMPACT FROM COVID-19.
    * CLOETTA AB - WE WILL NOT PROVIDE ANY SALES UPDATE UNTIL WE PRESENT Q1 2020 RESULTS ON 24
APRIL

Source text for Eikon:  ID:nWkr92p12R 
Further company coverage:  CLOEb.ST 

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