Overview
Swedish confectionery firm's Q4 net sales fell 2.4% due to negative forex impact
Adjusted EBIT for Q4 rose to SEK 309 mln, beating analyst expectations
Company's cash flow from operations increased to SEK 425 mln
Outlook
Cloetta did not provide specific guidance for future quarters or the full year
Result Drivers
SUPERBRANDS STRATEGY - Co focused on winning with Superbrands and expanding beyond core markets, contributing to profitability uplift
SALES GROWTH - Organic sales growth in Branded packaged products by 0.5% and Pick & mix by 2.7% supported results
FOREX IMPACT - Net sales decreased by 2.4% due to a negative impact from foreign exchange rates of -3.5%
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Net Income
SEK 233 mln
Q4 Adjusted EBIT
Beat
SEK 309 mln
SEK 274.40 mln (2 Analysts)
Q4 Adjusted Free Cash Flow
SEK 425 mln
Q4 EBIT
SEK 315 mln
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for Cloetta AB is SEK48.00, about 7.5% above its February 3 closing price of SEK44.66
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 15 three months ago
Press Release: ID:nWkr2Z12nP
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)