Cloetta: Surges after Q4 operating profit jump

Cloetta AB

29/01/2020 11:03

** Shares in Swedish candy company Cloetta  CLOEb.ST  jump
6.6% after the company reports Q4 results
    ** Cloetta says that the 31% rise in Q4 operating profit to
SEK 209 mln ($22 mln) was driven by strong sales from pricing
and favourable product mix
    ** It says it will continue to raise prices during 2020 to
compensate for higher commodity costs and a weaker SEK    
    ** The shares are on track for their best day in nearly a
year

($1 = 9.4970 Swedish crowns)

 ((paulina.cwikowska@tr.com))