Cloetta launches Ahlgrens bilar candy in Target stores this fall
This expansion brings Sweden’s iconic foam candy to over 2,000 US locations as part of Cloetta’s three-year North American growth plan with Target as the strategic partner.
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Northern European confectionery company
cloetta.comLast updated
In short: Cloetta expanded its US presence and reported strong financial growth driven by operational efficiency and strategic restructuring.
This expansion brings Sweden’s iconic foam candy to over 2,000 US locations as part of Cloetta’s three-year North American growth plan with Target as the strategic partner.
Organic growth reached 3.8% year-to-date, driven by Superbrands and operational efficiency, with adjusted EBIT margin of 14.9%.
Sales increased organically by 0.8 percent, operating profit rose to SEK 310 million and EPS to SEK 0.77.
Net sales increased 3.6% to 2,112 MSEK with 6.9% organic growth. Adjusted operating result rose 21.3% to 273 MSEK.
The candy company Cloetta is growing strongly in the US with a new store in New York. The stock has tripled over three years, and the market is following the potential for margin improvements.
Cloetta AB has become a national supplier for Target Corporation, the US retailer with more than 2,000 stores across all states...
SB1 Markets initiates coverage of the confectionery company Cloetta with a neutral recommendation and a target price of 62 kronor. After a share price increase of 70 percent over the past year, SB1 assesses...
Against the trend, the confectionery company Cloetta fell by 1.7 percent to just over 55 kronor after SB1 Markets initiated coverage of the stock with a neutral recommendation and...
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