Cloetta AB (OSTO:CLA B)
kr 18.73 -0.19 (-1%) Market Cap: 5.34 Bil Enterprise Value: 7.14 Bil PE Ratio: 11.22 PB Ratio: 0.99 GF Score: 79/100
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Q2 2020 Cloetta AB Earnings Call Transcript

Jul 14, 2020 / 08:00AM GMT
Release Date Price: kr23.04 (-4.48%)
Nathalie Redmo;publ;Head of IR;Communications
Cloetta AB

()-&

Good morning, and thank you for joining us on the Q2 Conference Call for Cloetta. My name is Nathalie Redmo, and I'm Head of Investor Relations. With me here today are Henri de Sauvage, CEO of Cloetta; and Frans Rydén, CFO. Henri and Frans will take you through our second quarter results, and we will then move on to a Q&A session.

And I will now hand over to Henri.

Henri de Sauvage;Nolting;publ;President;CEO
Cloetta AB

()-&

Very good. Thank you, Nathalie. A few key messages for the quarter. I mean, we see a continued negative impact of the COVID-19 on the business, and we'll unwrap that in a number of areas because it varies quite a lot. Good to see also that we saw improved sales, particularly in the branded business during the second half of the quarter. So that's also showing that the momentum over there is coming back. You can see that the branded food retail

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