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Covid-19 food industry updates – Friday 18 September (free to read)

18 Sep 2020

just-food is providing daily updates on how the Covid-19 pandemic is affecting the world's packaged food sector.

Sweden's Cloetta to close nuts facility and outsource production

19 Aug 2020

Cloetta, the Sweden-based confectioner, has made a decision on the future of a domestic nuts facility at Helsingborg.

Cloetta issues profit warning for third quarter

14 Jul 2020

Swedish confectionery maker Cloetta has issued another profit warning after reporting second-quarter results.

Cloetta to premiumise Candyking brand with price increases on cards

14 Jul 2020

Cloetta chief executive Henri de Sauvage-Nolting outlines plan to boost the Sweden-based firm's cash generation.

Cloetta coy on layoffs as Covid-19 halts eight quarters of growth

24 Apr 2020

Cloetta said talks with employees over potential Covid-19-related layoffs have concluded but the confectionery maker was reluctant to provide specifics on numbers at this stage.

Coronavirus - Cloetta issues profit warning as first-quarter sales fall

24 Apr 2020

Cloetta has issued a profit warning for the second quarter amid the upheaval caused by the coronavirus outbreak.

Cloetta in talks about temporary job cuts as Covid-19 bites

8 Apr 2020

European confectionery manufacturer Cloetta said it has started a dialogue with employees over the prospect of temporary layoffs.

Candy giant Cloetta withdraws dividend amid Covid-19 pressure

23 Mar 2020

Cloetta, the European confectionery supplier, has issued another update on how it sees the Covid-19 coronavirus outbreak affecting the business.

Coronavirus - food company employees asked to work from home as crisis worsens

16 Mar 2020

Kraft Heinz and Cloetta are making changes to their working methods in an attempt to lessen the impact of the coronavirus outbreak on their operations.

Norway's sugar tax takes bite out of confectioner Cloetta's results

13 Jul 2018

Norway's sugar-tax hike took a bite out of European confectioner Cloetta's second-quarter results, with the company also taking a hit from the loss of a significant contract in its domestic market.

Mondelez succumbs to new UK junk-food ad rules

4 Jul 2018

The UK's Advertising Standards Authority (ASA) has banned an online advert for Mondelez International's Cadbury Easter eggs, becoming the first company to succumb to new rules targeting junk food promotions for children.

Cloetta hires Arla's Frans Ryden to replace CFO Danko Maras

18 May 2018

Cloetta has appointed Frans Ryden as chief financial officer of the Sweden-based confectioner to replace Danko Maras.

Cloetta CFO Danko Maras to depart

26 Mar 2018

Cloetta CFO Danko Maras is to leave the Sweden-based confectioner to join credit management business Intrum in the same role.

Earnings summary - Dairy Crest 9M sales up; Huegli weighed down by German sales; Greencore sales surge; J&J Snack Foods Q1 profits rise

31 Jan 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Swedish sweet maker Cloetta to close down Candyking's Polish operation

26 Jan 2018

Cloetta, the Swedish confectionery firm, has announced it is to close the Polish operation of its Candyking business.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

Cloetta issues EBIT warning for Q3 as volumes dip on fire impact

14 Sep 2017

Swedish confectionery group Cloetta said operating profit is expected to drop by as much as 22% in the third quarter due to lower volumes, increased raw material costs and exchange-rate effects.

Cloetta feels profit squeeze

13 Jul 2017

Confectionery group Cloetta reported mounting second-quarter losses this morning (13 July) as lower operating margins and an impairment charge related to its Italian operations hit the bottom line.

Cloetta to sell Italian business to Katjes International

6 Jul 2017

Cloetta has entered into an agreement to sell its struggling operations in Italy to Germany's Katjes International in a deal the Swedish snack maker said values the unit at around SEK450m (US$53m).

Snack maker Cloetta to remove palm oil from "majority" of products

28 Apr 2017

Swedish confectioner and snack maker Cloetta has announced plans to remove palm oil used in glazing agents, which would see the commodity removed from "the majority of its products" by the end of this year.

Sweden weighs on confectioner Cloetta's first quarter

21 Apr 2017

European confectioner Cloetta reported a drop in sales for the first quarter as a decrease in revenue in Sweden and from its contract manufacturing business weighed on its results. 

Snack maker Cloetta to acquire Candyking

17 Feb 2017

Swedish snack maker Cloetta said today (17 February) it had signed an agreement to buy local confectionery supplier Candyking Holding.

Cloetta defends share in stagnant markets – 6 things to learn 

1 Feb 2017

Cloetta, the Swedish snack maker, reported a loss for 2016 this morning (1 February) primarily due to an impairment charge related to its Italian business. Speaking to analysts during a conference call, however, management was upbeat on the progress it has made in strengthening profitability. Cloetta said it hopes to continue to expand its margins over the coming 12 months and revealed that it wants to grow sales – both organically and through M&A – during 2017. Here are the key takeaways from Cloetta's 2016 results.

Italy impairment hits FY profits but Cloetta gets Q4 sales boost

1 Feb 2017

Cloetta, the Sweden-based snack maker, today (1 February) reported a loss for 2016 due to the recently-announced impairment on its Italian business but pointed to higher underlying annual profits and a pick-up in sales in the fourth quarter of the year.

Cloetta admits Italy arm could be sold

18 Jan 2017

Cloetta, today (18 January) said it may sell its business in Italy, a market where the Sweden-based confectionery group has struggled to grow sales in recent years.

Cloetta opens online confectionery store in China on Tmall

10 Jan 2017

Sweden-based confectioner Cloetta is selling a selection of its products in China in its first foray into the online retail market in the country via Alibaba's Tmall platform.

Bebeto maker Kervan Gida acquires UK's Dexters Confectionery

9 Jan 2017

Turkey's Kervan Gida, which produces candies including the Bebeto jelly brand, has acquired UK-based Dexters Confectionery for an undisclosed sum.

Cloetta names ex-Arla executive Henri de Sauvage Nolting new CEO

15 Dec 2016

Cloetta, the Sweden-based confectioner, has hired Arla Foods executive Henri de Sauvage Nolting as its new president and CEO.

Cloetta earnings rise but sales drop 

27 Oct 2016

Confectioner Cloetta has reported a rise in earnings for the third quarter, despite lower sales in the period. 

Cloetta CEO David Nuutinen stands down 

24 Aug 2016

David Nuutinen, the president and CEO of European confectionery group Cloetta, has decided to stand down from the post, with the company citing "private reasons". 



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