Management Change in Cloetta

Total Page：16

File Type：pdf, Size：1020Kb

Press release 15 March 2018 Management change in Cloetta Oskari Vidman has been appointed Chief Pick & Mix Officer. He will report to Henri de Sauvage-Nolting, CEO, and be part of Group Management. Oskari Vidman will assume his position as of 1 April, 2018. He succeeds Dani Evanoff, previously CEO of Candyking, who has decided to leave Cloetta to focus on his own investment company. Oskari Vidman is currently Sales Director Cloetta Finland. He has previously been working at British American Tobacco in various sales and marketing roles in the Nordic countries such as General Manager Norway and Finland. He was born in 1976 and holds a master degree in marketing and economics from the University in Vasa, Finland. “I am very happy to welcome Oskari Vidman to Cloetta’s Group Management. He has a solid and proven track record from various marketing and sales positions in the fast-moving consumer goods industry”, says Henri de Sauvage-Nolting, President and CEO of Cloetta. “I would also like to thank Dani Evanoff, who as the CEO and owner of Candyking, has contributed to making our acquisition and integration of Candyking successful”, says Henri de Sauvage-Nolting. Media contact Jacob Broberg, SVP Corporate Communications & Investor Relations, +46 70 190 00 33. About Cloetta Cloetta, founded in 1862, is a leading confectionary company in the Nordic region and the Netherlands. Cloetta´s products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets. Cloetta owns some of the strongest brands on the market, such as Läkerol, Cloetta, Candyking, Jenkki, Kexchoklad, Malaco, Sportlife and Red Band. Cloetta has 8 production units in 5 countries. Cloetta’s class B-shares are traded on Nasdaq Stockholm. More information about Cloetta is available on www.cloetta.com Cloetta AB (publ) Org.No. 556308-8144 Solna Business Park, SE-171 41 Solna, Sweden Visiting address : Englundavägen 7D, 2nd floor, Solna +46 8 527 288 00, www.cloetta.com .

Copy Link

Recommended publications

I Annual Report 2013 I
ı ANNUAL REPOrt 2013 ı w Contents Cloetta Cloetta I Annual report 2013 report Annual Contents Highlights of 2013 1 I This is Cloetta 2 Words from the CEO 4 Vision, mission, financial targets and strategies 6 Cloetta’s value chain 8 Strong brands 11 Product development 14 Cloetta’s leading brands 18 The confectionery market 22 Cloetta’s markets 24 Production and purchasing 32 Corporate responsibility 40 Sustainable sourcing 44 Environmental responsibility 46 Employees 48 Cloetta supports 53 Table of contents, GRI 54 Share and shareholders 58 Chairman’s comments 62 Administration report Information about operations and long-term targets 64 Net sales and profit 65 Financial position 69 Shares, shareholders and dividend 71 Cash flow 73 Employees and remuneration 74 Environmental responsibility 75 Future outlook 75 Risks and risk management 76 Corporate governance report 80 Internal control over financial reporting 88 Board of Directors 90 Group Management Team 92 Financial statements Consolidated profit and loss account 65 Consolidated statement of comprehensive income 67 Consolidated balance sheet 68 Consolidated statement of changes in equity 70 Consolidated cash flow statement 72 Notes to the consolidated financial statements 94 Parent company financial reports 132 Proposed appropriation of earnings 145 Auditor’s report 147 Five-year overview 148 Key ratios 149 History 150 The administration report for Cloetta AB (publ) 556308-8144 and the financial Definitions and glossary 152 statements consists of pages 64–145. The annual report is published in both Swedish and English, where the Swedish version is the original and has been Shareholder information 153 audited by the auditors of Cloetta.
[Show full text]
Company Presentation Subtitle Arial, Bold, 40 Pt, Grey 2
Title Arial, Bold, 40 pt, red Company presentation Subtitle Arial, Bold, 40 pt, grey 2 We bring a smile to your Munchy Moments Title Arial, Bold, 80 pt, white Subtitle Arial, Bold, 80 pt, grey 3 This is Cloetta Title Arial, Bold, 40 pt, red Subtitle Arial, Bold, 40 pt, grey • Founded by the three Cloetta brothers in 1862 • Annual sales of around SEK 5,3 billion Text/Bullets, Level 1-5 Arial, Regular, 20 pt, grey • Leading local brands in 6 countries • Leading market positions in Sweden, Finland, Norway, Denmark, the Netherlands and Italy • 2,500 employees in 14 countries • Production at 13 factories in 6 countries • Listed on Nasdaq Stockholm. The largest shareholders are Malfors Promotor, AMF – Försäkring och fonder and Threadneedle Investment Funds 4 Cloetta´s history 2015 Cloetta acauires Lonka Title Cloetta acquires Nutisal and Arial, Bold, 40 pt, red 2014 The Jelly Bean Factory Subtitle 2012 Merger between Cloetta and LEAF Arial, Bold, 40 pt, grey 2009 Cloetta Fazer is separated into Cloetta and Fazer Confectionery Text/Bullets, Level 1-5 2007 LEAF acquires Cadbury in Italy Arial, Regular, 20 pt, grey 2005 CVC and Nordic Capital acquire CSM, which changes name to LEAF 2001 Cloetta sells Handel business area, CSM acquires Socalbe (Italy) 2000 Cloetta merges with Fazer Confectionery, CSM acquires Continental Sweets (France, Belgium, the Netherlands and the UK) 1999 CSM acquires LEAF 1998 Cloetta acquires Candelia 1997 CSM acquires Malaco 1993 LEAF acquires Ahlgrens 1986 CSM acquires Red Band and Venco 1917 Svenska Chokladfabriks AB
[Show full text]
Cloetta Annual Report 2016
ANNUAL AND SUSTAINABILITY REPORT 2016 Contents This is Cloetta Highlights of 2016 1 Words from the President 2 Goals and strategies Long-term financial targets 4 Long-term sustainability targets 5 Strategies and activities 6 Cloetta’s value chain 8 The confectionery market 10 Market strategies for growth 13 Brand development 14 Strategic product development 17 New markets, initiatives and concepts 20 Cloetta’s leading brands 21 Cloetta’s main markets 25 Supply chain 32 Factories 37 Raw material costs 40 Sustainability 42 Core values 42 Long-term sustainability 43 Stakeholders and materiality issues 45 Sustainability goals 47 Sustainable sourcing 48 Responsibility for consumers well-being 52 Reduced environmental impact 54 Employees 56 Share and shareholders 60 Financial performance 66 Net sales and profit 66 Financial position 69 Comments on the cash flow statement 71 Future outlook. Environmental impact 72 and environmental management Risks and risk management 73 Letter from the Chairman 77 Corporate governance report 78 Remuneration to the Group Management Team 84 Internal control over financial reporting 86 Board of Directors 88 Group Management Team 90 Financial information, contents 92 Consolidated profit and loss account 93 Consolidated statement of comprehensive income 94 Consolidated balance sheet 95 Consolidated statement of changes in equity 96 Consolidated cash flow statement 97 Notes to the consolidated financial statements 98 Parent Company financial statements and notes 133 Proposed appropriation of earnings 141 Auditor’s report 142 Nine-year overview 145 Key ratios 146 Reconciliation of alternative performance measures 147 Definitions and glossary 149 GRI index 151 Membership of organizations 153 Auditor’s limited assurance report on sustainability report 154 Shareholder information 155 History 156 The audited annual report for Cloetta AB (publ) 556308-8144 consists of the administration report and the accompanying financial statements on pages 1–4, 6–7 and 66–141.
[Show full text]
Annual Report with Board of Directors' Report and Financial Statements — 2020
XXXXXXXXXXXX ANNUAL REPORT WITH BOARD OF DIRECTORS’ REPORT AND FINANCIAL STATEMENTS — 2020 Adapteo is a leading Flexible Real Estate provider in Northern Europe. We build, rent out and sell buildings for schools, daycare centres, offices, elderly care and events for both temporary and permanent needs. All our buildings are based on a modular and circular construction concept and ANNUAL REPORTcan WITHbe adapted BOARD whenOF DIRECTORS’ user needs REPORT change. AND FINANCIAL STATEMENTS 1 TABLE OF CONTENT COMPANY PRESENTATION ADAPTEO AT A GLANCE ......................................................4 CONSOLIDATED FINANCIAL STATEMENTS .....................73 2020 IN BRIEF ........................................................................5 Consolidated income statement...................................73 CEO COMMENTS .................................................................8 Consolidated statement of comprehensive income ......73 WHY WE EXIST.....................................................................10 Consolidated balance sheet .........................................74 HOW WE WORK ..................................................................11 Consolidated statement of changes in equity ..............75 WHAT WE OFFER ................................................................13 Consolidated statement of cash flows ..........................76 STRATEGY AND GOALS ......................................................20 Notes to the consolidated financial statements ...........77 THE MARKET ......................................................................23
[Show full text]
Cloetta Capital Markets Day 2019
Capital Markets Day 2019 Cloetta positioned for profitable growth 2 Cloetta Capital Markets Day 2018 Agenda • Welcome Jacob Broberg, SVP Corporate Communications & IR • Cloetta positioned for profitable growth Henri de Sauvage-Nolting, President and CEO • From volume focus to sustainable value creation Oskari Vidman, Chief Pick & Mix Officer • Building consumer centric growth Thomas Biesterfeldt, CMO • The Perfect factory Marcel Mensink, President Operations • Financial strategy and road to 14% Frans Rydén, CFO • Q&A • Summary Henri de Sauvage-Nolting Cloetta positioned for profitable growth Henri de Sauvage-Nolting, President and CEO 4 This is Cloetta 6.2 5 We bring a smile to your Munchy Moments 6 Cloetta’s strengths Strong brand/category positions and pick & mix scale in North Western Europe Cloetta’s strategic strengths Market Category position Chewing Pick & Candy Pastilles Chocolate • Strong leading local brands gum mix • Core markets in growing North 1 1 2 - 1 Western Europe 2 4 • Strong European leader in pick & 1 1 1 mix 1 2 3 - 1 • Scale benefits in North Western Europe vs local competition 2 1 3 - 1 • Route to market scale in core markets 1 - - 2 - • Locally tailored innovation - - - - 1 Based on Cloetta market share in respective category in 2018. 7 Strong heritage brands liked and trusted by our consumers Local Global Balance Local Global 8 Growth in Branded Confectionery market Value growth: Cloetta needs to step up in premiumization CAGR 1,6% 70 140 Index 60 120 50 100 SEKbn 40 80 30 60 20 40 10 20 160 gr 140 gr 0 0 2006
[Show full text]
Press Release 13 November 2017
Press release 13 November 2017 Management changes in Cloetta Following the acquisition of Candyking, Cloetta’s Scandinavian operations have become significantly larger. The role as President Cloetta Scandinavia will therefore be divided into two roles, President Cloetta Sweden and President Cloetta Denmark & Norway. Christian Boas Linde has been appointed President Cloetta Denmark & Norway. He will report to Henri de Sauvage-Nolting, CEO, and be part of Group Management. He will assume his new role 1 January, 2018. Christian Boas Linde has been working at Cloetta since 2013 and is currently General Manager Cloetta Denmark & Norway. He has previously, among others, been working at Mars, PepsiCo, Heinz and Arla. Christian Boas Linde was born in 1968 and holds a Master’s Degree in Economics from Aarhus University. Lars Påhlson, currently President Cloetta Scandinavia, will implement the split of the business responsibilities between Sweden and Denmark & Norway. He has also after nine years in the position decided to retire during 2018. Until then he will continue as President Cloetta Sweden. A recruitment process to find a new President for Cloetta Sweden has been initiated. “The acquisition of Candyking makes our Scandinavian operations significantly larger, especially Denmark and Norway will grow in importance for Cloetta. Therefore, there is a need to split the role of President Cloetta Scandinavia. I am happy that Christian Boas Linde with his broad background from our industry and Cloetta, has accepted his new role”, says Henri de Sauvage-Nolting, President and CEO of Cloetta. “Already after the acquisition of Candyking this spring, Lars Påhlson indicated that he wanted to leave Cloetta when the new integrated Swedish organization had been implemented.
[Show full text]
Title of Thesis
Master's thesis International Business Management 2018 Ruqia Akbari Effects on the sale of products in the market equilibrium and consumer impulsive buying behavior in Finland – A case study on the sale of snack bars and nuts by Cloetta sold at K-market and R-kiosk’s retail chains MASTER’S THESIS | ABSTRACT TURKU UNIVERSITY OF APPLIED SCIENCES International Business Management 2018 | 65 pages, 28 pages in appendices Ruqia Akbari Effects on the sale of products in the market equilibrium and consumer impulsive buying behavior in Finland – A case study on the sale of snack bars and nuts by Cloetta sold at K-market and R-kiosk’s retail chains Impulsive buying behavior is an important area of study in the domain of contemporary retail business and marketing. Snack food is one kind of those products in which impulse purchases occupy a particular significance in general and confectionery and nut snacks in particular. A lot of studies have been undertaken to exploring variables which affect consumers’ behavior in other industries. Yet still, a gap is unfilled in exploring consumers’ behavior towards confectionery snacks and nuts in convenience store settings. This study, therefore aims to fill this gap by exploring the role of three of those store associate (marketing) factors — store location; snack display; and customer service that affect the impulse buying of consumers in comparative case study companies (R-Kiosk’s and K- Market’s) retail contexts, Turku Finland. For the purpose of achieving this goal, this study focuses on how customer perceive these two convenience stores and which one they prefer over other to shop at.
[Show full text]
Annual and Sustainability Report 2018
2018 Annual and sustainability report report and sustainability Annual Annual and sustainability report 2018 Contents This is Cloetta Letter from the Chairman 73 The year in brief 1 Corporate governance report 74 Words from the President 2 Remuneration of the Group Management Team 80 Internal control over financial reporting Goals and strategies 4 82 Board of Directors Long-term financial targets 4 84 Group Management Team Sustainability targets 5 86 Strategic priorities 6 Financial reports 88 Consolidated profit and loss account Cloetta’s value chain 8 89 Consolidated statement of comprehensive income Cloetta’s sustainability agenda 10 90 Consolidated balance sheet 91 The confectionery market 11 Consolidated statement of changes in equity 92 Strategies for growth 14 Consolidated cash flow statement 93 Brand, category and product development 15 Notes to the consolidated financial statement 94 Brand and category leadership 16 Parent Company financial statements and notes 130 Strategic product development 21 Proposed appropriation of earnings 140 Consumer front and centre 24 Auditor’s report 141 Cloetta’s leading brands 26 Ten-year overview 144 Key ratios 145 Cloetta’s main markets 30 Reconciliation of alternative performance measures 146 Supply chain 37 Factories 42 Long-term sustainability 148 Stakeholders and materiality issues Increased resource efficiency 44 150 Strategic priorities for Cloetta’s sustainability work Raw material 46 152 GRI index Responsible sourcing 48 153 Auditor’s limited assurance report on sustainability report
[Show full text]
Annual and Sustainability Report 2017
Annual and sustainability report report sustainability and Annual 2017 Annual and sustainability report 2017 Contents This is Cloetta Highlights of 2016 1 Words from the President 2 Goals and strategies Long-term financial targets 4 Long-term sustainability targets 5 New strategic priorities for 2017 and 2018 6 Cloetta’s value chain 8 Cloetta’s sustainability commitment 10 The confectionery market 11 Market strategies for growth 13 Category and brand development 14 Strategic product development 19 New markets, initiatives and concepts 22 Consumer well-being 24 Cloetta’s leading brands 26 Cloetta’s main markets 30 Supply chain 37 Factories 42 Reduced environmental impact 44 Raw material costs 46 Sustainable sourcing 48 Employees 51 Share and shareholders 56 Financial performance 62 Net sales and profit 62 Financial position 65 Comments on the cash flow statement 67 Future outlook. Environmental impact and 68 environmental management, Sustainability report Risks and risk management 69 Letter from the Chairman 73 Corporate governance report 74 Remuneration to the Group Management Team 80 Internal control over financial reporting 82 Board of Directors 84 Group Management Team 86 Financial information, contents 88 Consolidated profit and loss account 89 Consolidated statement of comprehensive income 90 Consolidated balance sheet 91 Annual and sustainability report Consolidated statement of changes in equity 92 Consolidated cash flow statement 93 2017 Notes to the consolidated financial statements 94 Parent Company financial statements and notes 129 Proposed appropriation of earnings 139 Auditor’s report 140 Ten-year overview 143 Key ratios 144 The audited annual report for Cloetta AB (publ) 556308-8144 consists of Reconciliation of alternative performance measures 145 the administration report and the accompanying financial statements on Definitions and glossary 147 pages 1–4 and 62–139.
[Show full text]
Invitation to Conference Call with Web Presentation of Cloetta AB´S Interim Report Q3 2019
Press release 10 October 2019 Invitation to conference call with web presentation of Cloetta AB´s interim report Q3 2019 Cloetta AB will publish the interim report for the period 1 July – 30 September 2019 on Friday 25 October 2019 at 8 a.m. CET. Following this report Cloetta will organize a conference call with web presentation for media and the financial community. President and CEO Henri de Sauvage Nolting and CFO Frans Rydén will present and comment on the report. After the presentation there will be time for questions, both on the phone and in the web presentation. Time for the publication of the interim report Friday 25 October at 08:00 a.m. CET Time for conference call and web presentation Friday 25 October 10:00 a.m. CET Dial-in number(s) DK: +45 78150109 FI: +35 8981710521 NO: +47 23500236 SE: +46 850558351 UK: +44 3333009030 Please make sure you are connected to the phone conference by calling in and register a few minutes before the conference begins. Web presentation The link to the live broadcast will be available on: https://www.cloetta.com/en/events/interim-report- q3-2019/ The presentation and the report will be available on www.cloetta.com after publication. Welcome! Media contact Frans Rydén, Chief Financial Officer, +46 8 527 288 27. About Cloetta Cloetta, founded in 1862, is a leading confectionary company in the Nordic region and the Netherlands. Cloetta´s products are sold in more than 50 countries worldwide with Sweden, Finland, Denmark, Norway, the Netherlands, Germany and the UK as the main markets.
[Show full text]
Cloetta's Purpose Is That
Annual and sustainability report 2019 “We believe in the Power of True Joy” Contents 2019 in brief 1 Risks and risk management 71 Words from the President 2 Letter from the Chairman 75 Goals and strategies 4 Corporate Governance Statement 76 Long-term financial targets 4 Remuneration of the Group Management Team 82 Sustainability targets 5 Internal control over financial reporting 84 Strategic priorities 6 Board of Directors 86 Cloetta’s value chain 12 Group Management Team 88 Cloetta’s sustainability agenda 14 Financial reports, contents 90 The confectionery market 17 Group financial statements and notes 91 Brand, category and product development 19 Parent Company financial statements and notes 131 The consumer in the spotlight 20 Proposed appropriation of earnings 140 Strategic product development 23 Auditor’s report 141 Brand and category leadership 25 Ten-year overview 144 Cloetta’s leading brands 30 Key ratios 146 Cloetta’s main markets 34 Reconciliation of alternative performance measures 148 Supply chain 41 Sustainability governance 150 Factories 46 GRI index 153 Resource effectiveness and environmental impact 48 Auditor’s Limited Assurance Report 155 Raw material 50 Definitions 156 Responsible sourcing 52 Glossary 157 Employees 54 History 158 Share and shareholders 58 Shareholder information 161 Financial performance 64 Net sales and profit 64 Financial position 67 Comments on the cash flow statement 69 Future outlook, Environmental impact and environmental management, Sustainability report 70 The audited annual report for Cloetta AB (publ) 556308-8144 consists of 6–11 (business model), 15–16, 73 (risks and risk management) and 5, 14–16, the administration report and the accompanying financial statements on 41–42, 48–49, 56–57, 150–152 (material sustainability matters, governance pages 1–4 and 64–140.
[Show full text]
Strategic Priorities
6 GOALS AND STRATEGIES Strategic priorities Cloetta’s mission is “to bring a smile to your Munchy Moments”. For us, the consumer must always be front and centre, and we do everything we can so that our customers perceive Cloetta as their number one partner. Cloetta’s goal is to grow organically and with acquisitions to an EBIT margin, adjusted of 14 per cent. Cloetta aims to strengthen its position as the leading confectionery company in Northwestern Europe. Cloetta has strong leading local brands and a leading position in pick & mix. Cloetta can utilize its scale in production and innovation and its strong route to market to continuously enhance its brands with a focus on high quality and local traditions. Cloetta’s core categories are candy, chocolate, pastilles, chewing gum, nuts and pick & mix. The company’s core markets, where organic growth should be at least 1 – 2 per cent, are Sweden, Finland, the Netherlands, Denmark, the UK, Norway and Germany. Cloetta will also selectively expand and grow faster with a number of brands in International Markets. Cloetta will create the conditions for growth by building “One Cloetta” with a common agenda across the Group. Further, a focus on cost-efficiency will enable Cloetta to increase proﬁtability and invest for the future. Investments may be made to strengthen and increase the Group’s capabilities within production, marketing or sales as well as selective acquisitions. Cloetta ANNUAL AND SUSTAINABILITY REPORT 2018 GOALS AND STRATEGIES 7 Cloetta’s strategy is built on three pillars: 1 2 3
[Show full text]