Cloetta

OverviewSuggest Edit

Cloetta manufactures and markets sugar confectionery, chocolate products, pastilles, chewing gums, and nuts worldwide. The Company offers chocolate confectionery products, including pralines, chocolate wafers, dragees, plates, and countlines under the Kexchoklad, Polly, Center, Plopp, Tupla, Royal, Sportlunch, Bridge, and Sperlari brand names.

TypePublic
Founded1862
HQSolna, SE
Websitecloetta.com

Latest Updates

Employees (est.) (Jun 2022)2,600
Revenue (FY, 2021)KR6 B(+7%)
Share Price (Aug 2022)KR20.5(+2%)
Cybersecurity ratingBMore
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Key People/Management at Cloetta

Henri de Sauvage Nolting

Henri de Sauvage Nolting

President and CEO
Alan McLean Raleigh

Alan McLean Raleigh

Director
Frans Rydén

Frans Rydén

Chief Financial Officer (CFO)
Regina Ekström

Regina Ekström

Senior Vice President Human Resources
Mikael Aru

Mikael Aru

Director
Thomas Biesterfeldt

Thomas Biesterfeldt

Chief Marketing Officer (CMO)
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Cloetta Office Locations

Cloetta has offices in Solna, Malmö, Brøndbyvester, Turku and in 5 other locations
Brøndbyvester, DK
18 Vallensbækvej
Bocholt, DE
Neutorpl. 3
Oosterhout, NL
26 Hoevestein
Bærum, NO
3 Fjordveien
Høvik, NO
Fjordveien 3
Malmö, SE
Brogatan 7
Show all (10)

Cloetta Financials and Metrics

Cloetta Revenue

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View revenue for all periods
Cloetta's revenue was reported to be kr6.05 b in FY, 2021
SEK

Revenue (Q2, 2022)

1.6b

Gross profit (Q2, 2022)

536.0m

Gross profit margin (Q2, 2022), %

33%

Net income (Q2, 2022)

(94.0m)

EBITDA (Q2, 2022)

116.0m

EBIT (Q2, 2022)

(61.0m)

Market capitalization (3-Aug-2022)

5.9b

Closing stock price (3-Aug-2022)

20.5

Cash (30-Jun-2022)

205.0m

EV

8.1b
Cloetta's current market capitalization is kr5.9 b.
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

6.2b6.5b5.7b6.0b

Cost of goods sold

(3.7b)(3.8b)(3.4b)(2.4b)

Gross profit

2.6b2.7b2.3b3.6b

Gross profit Margin, %

41%42%41%60%
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

1.6b1.6b1.6b1.5b1.2b1.5b1.4b1.4b1.6b1.5b1.6b

Cost of goods sold

(916.0m)(927.0m)(967.0m)(891.0m)(725.0m)(963.0m)(852.0m)(845.0m)(948.0m)(899.0m)(1.1b)

Gross profit

643.0m656.0m662.0m627.0m512.0m511.0m546.0m575.0m618.0m641.0m536.0m

Gross profit Margin, %

41%41%41%41%41%35%39%40%39%42%33%
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Cash

551.0m579.0m396.0m692.0m

Accounts Receivable

745.0m823.0m646.0m708.0m

Prepaid Expenses

52.0m64.0m58.0m48.0m

Inventories

765.0m888.0m952.0m843.0m
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

711.0m208.0m337.0m619.0m115.0m330.0m444.0m272.0m505.0m683.0m205.0m

Inventories

848.0m907.0m903.0m1.1b1.1b986.0m937.0m925.0m863.0m987.0m1.1b
Annual
SEKFY, 2018FY, 2019FY, 2020FY, 2021

Net Income

660.0m727.0m462.0m565.0m

Depreciation and Amortization

230.0m301.0m202.0m192.0m

Inventories

(1.0m)(113.0m)(90.0m)123.0m

Accounts Payable

(213.0m)17.0m(56.0m)104.0m
Quarterly
SEKQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022
SEKFY, 2018

Revenue/Employee

3.3m

Debt/Equity

0.6 x

Debt/Assets

0.3 x

Financial Leverage

2.3 x
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Cloetta Revenue Breakdown

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Cloetta revenue breakdown by business segment: 50.0% from CHOCOLATE CONFECTIONERY (MAINLY IN THE MUNCHY MOMENTS), 38.8% from BRANDED PACKAGED BUSINESS and 11.2% from PICK & MIX

Cloetta revenue breakdown by geographic segment: 31.0% from SWEDEN, 21.0% from FINLAND, 9.0% from DENMARK, 7.0% from NORWAY, 14.0% from NETHERLANDS, 6.0% from GERMANY, 6.0% from UNITED KINGDOM and 6.0% from INTERNATIONAL MARKETS

Cloetta Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Cloetta Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Cloetta Online and Social Media Presence

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Cloetta News and Updates

Cloetta launches candy containing 50% fruit

Cloetta’s fruit-based candy, which contains 50% fruit, is a major innovation for 2021 that has been launched across markets under the company’s existing local candy brand portfolio. The product delivers on key consumer trends and is an important part of Cloetta’s innovation strategy to drive organic…

Invitation to conference call with web presentation of Cloetta ABs interim report Q1 2021

CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.read more

Global Jelly Candies Market (2020 to 2024) - Featuring Arcor Cloetta and Mars Among Others

Dublin, Dec. 08, 2020 (GLOBE NEWSWIRE) -- The "Global Jelly Candies (Gummies) Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The publisher has been monitoring the jelly candies (gummies) market and it is poised to grow by $490.22 million during 2020-2024, progressin…

Cloetta AB interim report Q3: July September 2020

Net sales for the quarter decreased by 9.5 per cent to SEK 1,474m (1,629), including a negative effect of 2.2 per cent due to exchange rate fluctuations.read more

Cloetta AB interim report Q2: April June 2020

Improved sales during the second half of the quarter while the negative EBIT impact was partly mitigated by phasing of supply chain costs to the third quarter.read more

Invitation to conference call with web presentation of Cloetta ABs interim report Q2 2020

Cloetta AB will publish the interim report for the period 1 April – 30 June 2020 on Tuesday 14 July 2020 at 8 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.read more
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Cloetta Blogs

Cloetta AB interim report Q1: January – March 2022

Cloetta is reporting another quarter of strong growth in Branded packaged products and continued improved profitability in Pick & mix. While our price increases took effect during the first quarter, the drastically rising input costs seen in 2022 only started to impact us towards the end of the …

Invitation to conference call with web presentation of Cloetta AB´s interim report Q1 2022

Cloetta AB will publish the interim report for the period 1 January – 31 March 2022 on Tuesday 26 April 2022 at 8 a.m. CEST. Following this report Cloetta will organize a conference call with web presentation for media and the financial community.

Annual General Meeting of Cloetta AB (publ) on 6 April 2022

Cloetta's Annual General Meeting (AGM) was held on Wednesday, 6 April 2022, in Stockholm, Sweden. The Annual General Meeting was conducted by advance voting only pursuant to temporary legislation and thus without the physical presence of shareholders, proxies or external parties.

Cloetta´s Annual Report 2021 available on the website

Cloetta´s Annual Report 2021 has today been published on Cloetta´s website.

The Nomination Committee proposes Malin Jennerholm as new director of the Board of Directors of Cloetta AB

Cloetta’s Nomination Committee has informed the company of its proposal regarding new Board of Directors. The Nomination Committee proposes that Malin Jennerholm is elected as new director of the Board of Directors at the Annual General Meeting which will be held on Wednesday, 6 April 2022.

Cloetta AB interim report Q4: October – December 2021

Branded sales continued to exceed 2019 levels, driven by strong marketing. Margin-enhancing initiatives brought the Pick & mix business close to breakeven for the full year. The dividend proposal is in line with the pre-pandemic level, supported by a healthy cash flow and strong balance sheet.
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Cloetta Frequently Asked Questions

  • When was Cloetta founded?

    Cloetta was founded in 1862.

  • Who are Cloetta key executives?

    Cloetta's key executives are Henri de Sauvage Nolting, Alan McLean Raleigh and Frans Rydén.

  • How many employees does Cloetta have?

    Cloetta has 2,600 employees.

  • What is Cloetta revenue?

    Latest Cloetta annual revenue is kr6 b.

  • What is Cloetta revenue per employee?

    Latest Cloetta revenue per employee is kr2.3 m.

  • Who are Cloetta competitors?

    Competitors of Cloetta include Henan Huaying Agricultural Development, Bel Brands and Mccain Foods India.

  • Where are Cloetta offices?

    Cloetta has offices in Solna, Malmö, Brøndbyvester, Turku and in 5 other locations.

  • How many offices does Cloetta have?

    Cloetta has 10 offices.