Wednesday, January 18, 2017

Cloetta makes impairment – can sell in Italy – Today’s Industry

Cloetta is conducting a strategic review of its Italian operations, and have identified a non-cash write-down of the business where the of 771 million before tax, and 594 million after tax, the amount charged to the fourth quarter of 2016.

It is a press release. The review was conducted against the background of negative economic developments in Italy and The results in the country in recent years.

“The strategic review of The operations in Italy are carried out to improve the growth and margin for the Cloetta group and may include a potential sale of the Italian operations,” writes godisbolaget, and says that turnover in Italy amounted to approximately sek 750 million.

A sale of the business in Italy, would improve The operating margin.

the write-down will not affect The net debt or the group’s ability to pay dividends.


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