Cloetta profit jumps 85% in
Photo: Henrik Montgomery /TT

Cloetta profit jumps 85% in second quarter as sales edge up 0.4%

Candy manufacturer Cloetta reports a substantial increase in profit for the second quarter of the year, up 85 percent compared with the corresponding quarter last year to SEK 283 million.

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However, net sales rose only marginally, up 0.4 percent to SEK 2.1 billion.

Reduced revenue from bulk candy - down to SEK 616 million from SEK 646 million in the same period last year - is dampening growth.

CEO Katarina Tell points out that the early Easter weekend this year had a negative impact on bulk candy sales.

"Organic sales growth for the quarter amounted to 0.8 percent, despite the expected effect of the earlier Easter on loose-weight candy," she writes in a comment in the interim report.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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