date:May 21, 2012
onfectionary tax.
The somewhat weaker market development impacted our sales performance.
The companys underlying net sales fell by 1.8%, while reported net sales increased by 3.9%.
Cloettas divestment of its distribution business in Belgium in February to focus on its core business in Nordic countries was said to have harmed sales further. The company plans to continue to sell its brand in Belgium through the new owners of the distribution company.
We have been able to implement price increa