Scandinavian confectioner Cloetta has recorded sales and profit growth in the second quarter driven by acquisitions and says it is eyeing further buys.
Scandinavian confectioner Cloetta has posted a modest rise in fourth quarter sales and says it hopes to spend future money it generates on extinguishing its debts and acquiring complementary companies.
Swedish-based confectioner Cloetta has improved its third quarter sales compared to the same period last year as most Scandinavian confectionery markets as well as Italy registered growth.
Scandinavian confectioner Cloetta has acquired UK firm Goody Good Stuff and its unique gelatin free technology to help it capitalise on what it calls a growing natural candy category.
Scandinavia’s largest confectioner Cloetta has reported a 20% fall in earnings for 2012 due to a weak Italian market, higher sugar prices and a "sugar tax" in Denmark.
Scandinavian confectioner Cloetta has announced the decision to close three of its factories and move production to other sites in a move that will result in 345 job losses.
Swedish confectioner Cloetta has suffered a loss in its fourth quarter results as its merger with Dutch firm Leaf International gets regulatory approval.
Swedish confectioners Cloetta and Leaf have sealed a €753m merger making it the largest confectionery company in Scandinavia, according to an analyst from Euromonitor.
Ongoing high prices for raw materials including cocoa, milk powder, sugar and wheat and a decline in contract manufacturing sees Swedish confectionery group Cloetta reporting second-quarter sales loss and falling first-half earnings.
