Nordic Business Report-April 20, 2006-Cloetta Fazer reports Q1 operating result of SEK68m
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The Finnish-Swedish confectionery group Cloetta Fazer issued its first quarter report on Thursday (20 April), posting an operating result of SEK68m, as compared to SEK66m in the first quarter of 2005.
Excluding non-recurring items the result weakened from SEK77m to SEK74m, reducing the operating margin from 10.6% to 10.2%.
The net turnover amounted to SEK732m, as compared to SEK728m in the corresponding period last year.
Sales improved in Nordic and Baltic countries as well as in Russia, but declined in Poland.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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