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2014-04-24

Cloetta AB: Interim report Q1, January - March 2014

· Net sales for the quarter increased by 5.9 per cent to SEK 1,193m
(1,127).

· Operating profit was SEK 52m (58).
· Underlying EBIT was SEK 77m (91).
· Items affecting comparability amounted to SEK -21m (-33) and
consist mainly of costs related to factory restructurings.

· Cash flow from operating activities was SEK 91m (-16).
· Net debt/underlying EBITDA was 4.4x (4.7). In the quarter, SEK 34m
of loans were amortised.

· On 8 January 2014, Cloetta completed the acquisition of Alrifai
Nutisal AB. The acquisition is in line with Cloetta's strategy to
broaden its product portfolio within Munchy Moments.

Contacts
Jacob Broberg, Senior Vice President Corporate Communications and
Investor Relations, +46 70-190 00 33

Danko Maras, Chief Financial Officer, +46 76-627 69 46
About Cloetta
Cloetta, founded in 1862, is a leading confectionary company in the
Nordic region, the Netherlands, and Italy. In total, Cloetta products
are sold in more than 50 countries worldwide. Cloetta owns some of
the strongest brands on the market, such as Läkerol, Cloetta, Jenkki,
Kexchoklad, Malaco, Sportlife, Saila, Red Band and Sperlari. Cloetta
has 10 production units in five countries. Cloetta's class B-shares
are traded on NASDAQ OMX Stockholm. More information about Cloetta is
available on www.cloetta.com

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http://news.cision.com/cloetta-ab/r/interim-report-q1--january---march-2...
http://mb.cision.com/Main/1169/9574168/236925.pdf

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