Cloetta AB (OSTO:CLA B)
kr 18.58 -0.15 (-0.8%) Market Cap: 5.30 Bil Enterprise Value: 7.10 Bil PE Ratio: 11.13 PB Ratio: 0.98 GF Score: 77/100
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Q3 2020 Cloetta AB Earnings Call Transcript

Oct 22, 2020 / 09:00AM GMT
Release Date Price: kr23.2 (-2.52%)
Nathalie Redmo;publ;Head of IR;Communications
Cloetta AB

()-&

Good morning, and thank you for joining us on the Q3 Conference Call for Cloetta. My name is Nathalie Redmo, and I am 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 third quarter results, and we will then move on to a Q&A session.

I will now hand over to you, Henri.

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

()-&

Very good. Thank you, Nathalie. Some key messages to start with for Q3. Very pleased, good to see that we are back to having growth in our branded business. So a good quarter driven by both marketing investments, innovation, but also increased traffic in the nonfood retail stores. A continued recovery for pick & mix, but consumer demand is still very subdued, minus 30%. Of course, it was minus 60% in quarter 2. Traffic is coming

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