Cloetta AB earnings date
Cloetta AB (0CL) Q3 2026 Earnings Report
CH:0CL Q3 2026 EPS Results
- Actual EPS
- CHF 0.07
- Consensus EPS
- CHF 0.06
- Beat/Miss
- Beat by +CHF 0.02
- One Year Ago EPS
- CHF 0.06
CH:0CL Q3 2026 Revenue Results
- Actual Revenue
- CHF 186.83M
- Expected Revenue
- CHF 186.38M
- Beat/Miss
- Beat by +CHF 446.20K
- YoY Revenue Growth
- +2.57%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/04/2026
- Time
- Before Open
- Conference Call
- Wednesday, November 4, 2026
Cloetta AB's next earnings date is estimated for February 3, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was strongly positive overall. Cloetta reported 2.3% Q3 organic growth, 3.3% year-to-date organic growth, a 12.7% adjusted operating profit margin and achievement of its 12% midterm profitability target more than a year early. Expansion initiatives in North America, Germany and the U.K. also progressed, while the company maintained strong cash flow and a low 0.7x net debt-to-EBITDA ratio. The main challenges were inflation and commodity-price volatility, the Q4 impact from two external IT incidents, lower Q3 free cash flow versus an exceptionally strong prior-year quarter, and temporarily elevated investment spending.
Cloetta’s long-term organic growth target is 3% to 4% on a stable basis, with a long-term adjusted EBIT target of 14% and a midterm goal to reach at least 12% by 2027; the company said it has reached the midterm target more than a year ahead of time. The EBITDA net debt ratio target remains below 1.5x, the dividend policy targets a payout above 50% of profit after tax, and Pick & mix has a targeted long-term margin range of 7% to 9%. CapEx is expected to rise temporarily to an average of 4% to 5% of net sales over the 5-year period ending 2030, with this starting to be visible in 2027. Q4 sales will have a limited and temporary effect from 2 IT incidents, the full effect of Q3 price reductions will be in Q4, and marketing spending is a one-time step-up and a bit of a peak in these 2 quarters, although the company is not holding back on investments going forward; 5 CandyKing pilots are expected to be running across 3 different retail chains before the end of the year.
- Organic Growth AcceleratedQ3 organic sales growth was 2.3%, driven by volume growth and supported by the company's fair pricing strategy. Year-to-date organic growth was 3.3%, in line with the long-term target of 3% to 4%.
- Growth Across Both Business SegmentsBranded packaged grew 1.8% in Q3 and 2.8% year-to-date, while Pick & mix grew 3.4% in Q3 and 4.3% year-to-date. Both segments delivered volume as well as sales growth.
- Midterm Profitability Target Reached EarlyAdjusted operating profit margin was 12.7% in Q3, with year-to-date performance well over 12%. Cloetta reached its midterm target of at least 12% operating profit margin more than a year ahead of the 2027 plan.
- Margin Improvement Despite Higher InvestmentsThe company delivered the 12.7% adjusted operating profit margin while stepping up investments in Superbrand marketing and geographic expansion. Management attributed the margin improvement to volume and mix, operational efficiencies, carryover savings from the prior year's reorganization, net revenue management and margin-accretive innovation.
- Strong Segment ProfitabilityThe Branded packaged segment achieved a 14.4% margin, an improvement versus last year and a step closer to its 15-plus percent prepandemic margin levels. Pick & mix delivered another strong quarter within its targeted long-term margin range of 7% to 9%.
- Fair Pricing Supported Consumer and Customer DemandCloetta reduced prices commensurate with declines in commodities such as cocoa earlier in the year. Management said the reported net sales growth is net of these price changes and that the underlying volume growth is therefore clearly higher.
- Positive North American Expansion ProgressCloetta continued to see strong demand for Swedish candy in North America, particularly through Pick & mix. CandyKing pilots and a New York flagship store are being used to build proof of concept for future U.S. expansion.
- Ahlgrens Bilar Launched Nationwide at TargetFour Ahlgrens bilar taste varieties were launched exclusively and nationwide in Target stores and on Target.com. The launch was described as very successful, reached around 30 million U.S. consumers and generated meaningful share of voice within Swedish candy in the U.S.
- Progress in Germany and the U.K.The U.K. business was strengthened with a new local management team, while work continued to revamp CandyKing and expand the Chewits portfolio. In Germany, Red Band distribution increased through new retail listings.
- CandyKing Pilot ExpansionCloetta expected to have five CandyKing pilots running across three different retail chains before year-end. Management said the pilots are intended to establish proof of concept before broader store rollouts.
- Innovation Launch with Sprinkled FoamiesCloetta launched Sprinkled Foamies under the Red Band and Malaco Superbrands. The multisensory product range combines multiple textures in one bite and was reported to have delivered strong launch performance for a novelty product while activation remained ongoing.
- Superbrand Performance and Portfolio StrengthManagement said Superbrands have historically grown somewhat faster and are more profitable than the average brand, and that this trend has not diminished with the stronger focus. Growth was also supported by performance in the pastilles and gum segments, including the Lakerol MORE launch and Mintec expansion into new markets.
- Positive Currency Effect on Reported GrowthReported growth was 2.6% in Q3, slightly above the 2.3% organic growth due to favorable currency movements. Management noted that the currency effect was primarily a translation effect with limited real effect on financials.
- Strong Free Cash Flow GenerationCloetta generated SEK 260 million of free cash flow in Q3 against SEK 283 million of operating profit. Year-to-date free cash flow was described as quite similar to the prior year.
- Very Strong Financial PositionNet debt to EBITDA was 0.7x at quarter-end, down 0.4x versus last year and well below the target of below 1.5x. Net debt was approximately SEK 1 billion, and cash on hand together with unutilized credit facilities and commercial paper totaled SEK 3 billion.
- Financial Flexibility and Capital AllocationCloetta said its EBITDA net debt ratio remained well below the long-term target even after the increased dividend paid this year. The dividend was in line with the policy of targeting a payout above 50% of profit after tax, and management said the company has financial strength to act on business opportunities while retaining a selective approach to M&A.
- Continued Investment in Capacity and ExpansionCloetta is implementing plans for a temporary increase in capital expenditure to an average of 4% to 5% of net sales over the five-year period ending 2030, with the increase becoming visible in 2027. The company also plans to continue investing in geographic expansion, Superbrands and marketing.
- Resilience and Operational Efficiency FocusManagement highlighted continued operational efficiency work in the supply chain, carryover savings from the prior year's reorganization and ongoing efforts to strengthen resilience. Cloetta said its own systems had not experienced notable issues since at least 2018.
CH:0CL Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 03, 2027 | 2026 (Q4) | 0.06- | 0.07 | ― | ― |
| Nov 04, 2026 | 2026 (Q3) | 0.060.07 | 0.06 | 30.37% (+0.02) | |
| Jul 15, 2026 | 2026 (Q2) | 0.050.07 | 0.05 | 32.20% (+0.02) | |
| May 06, 2026 | 2026 (Q1) | 0.060.06 | 0.04 | 62.22% (+0.02) | |
| Feb 04, 2026 | 2025 (Q4) | 0.050.07 | 0.05 | 42.86% (+0.02) | |
| Nov 05, 2025 | 2025 (Q3) | 0.050.06 | 0.04 | 50.00% (+0.02) | |
| Jul 17, 2025 | 2025 (Q2) | 0.050.05 | 0.02 | 103.45% (+0.03) | |
| May 07, 2025 | 2025 (Q1) | 0.030.04 | 0.03 | 9.76% (+0.00) | |
| Jan 29, 2025 | 2024 (Q4) | 0.040.05 | 0.04 | 16.67% (+0.01) | |
| Oct 25, 2024 | 2024 (Q3) | 0.040.04 | 0.04 | -7.22% (-0.00) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
