Cloetta (CLA) Handelsbanken Nordic Small & Mid Cap Seminar Presentation summary

Leadership and organizational changes

• New President and CEO appointed in April 2024, bringing over 20 years of FMCG experience and a strong background in strategy and business development.

• Change in organizational structure expected to deliver annual savings of SEK 60-70 million with full effect in Q1 2026.

Market overview and performance

• Operates in a non-cyclical market with stable consumer demand, outgrowing the broader food FMCG sector by 1-1.5 percentage points annually.

• Northern Europe's leading confectionery company, with operations in 11 countries and over 50% of net sales from 10 superbrands.

• Core markets include Sweden, Finland, Denmark, Norway, and the Netherlands, with Sweden accounting for 30% of net sales.

Portfolio and market position

• Broad product portfolio across candy, chocolate, pastilles, gum, and pick & mix, with 72% of sales from branded packaged products.

• Holds leading or strong market positions in core markets, ranking first or second in most categories.