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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". 

Cloetta to cut jobs at nuts unit Nutisal

19 May 2016

Cloetta, the European confectioner, is to cut jobs at Swedish nut maker Nutisal.

Cloetta Q1 boosted by acquisitions

21 Apr 2016

European confectionery group Cloetta booked an increase in first-quarter earnings this morning (21 April), boosted by the top-line contribution from acquisitions. 

Cloetta Q4 sales lower on Italy weakness

18 Feb 2016

Cloetta, the Sweden-based confectioner, saw revenue rise in the fourth quarter of 2015, helped by June's acquisition of Dutch fudge maker Locawo, but challenges in Italy hit organic sales.

Cloetta plans to shut Netherlands facility

20 Nov 2015

Confectionery group Cloetta has put forward plans to close a factory in the Dutch town of Dieren by the end of 2016. 

Food industry quotes of the week: American Halal Co., Orkla, United Biscuits

13 Nov 2015

This week, Orkla pledged zero-deforestation by 2020. Elsewhere, United Biscuits opened its first e-commerce store in China. just-food spoke to CEO of American Halal Co., Adnan Durrani following the firm's recent acquisition in the plant-protein space and Givesco Bakery acquired cake maker Almondy. Here is the week in quotes.

Cloetta books higher 9M sales, profits

10 Nov 2015

Swedish confectioner Cloetta has reported an increase in sales and profits for the first nine months of the year.

Cloetta buys Lonka fudge maker Locawo

17 Jul 2015

Cloetta has inked a deal to acquire Locawo, a Dutch manufacturer of fudge, nougat and chocolate under the Lonka brand, in a move the confectioner said will “significantly” strengthen its position in the Netherlands.

Food industry results in brief - Hilton, Beingmate, Finsbury

17 Jul 2015

Chinese food group Beingmate and Yurun Food this week issued profit warnings as the economic slowdown in the country takes its toll on food makers. In the UK, Hilton Food Group was hampered by the strength of sterling but, on a more upbeat note, UK cake maker Finsbury Food Group said it will "outperform" expectations. Here are this week's results in brief.

M&A Watch - Could Cloetta be takeover target?

26 May 2015

With a new CEO at Cloetta, the European confectioner has already faced questions about its possible acquisition targets. However, Stefan Kirk, just-food M&A columnist and advisor at Glenboden, believes the company could itself be on the radar.



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