Interim report Q3, 1 September 2010 - 31 May 2011: Lower sales and higher profit for the third quarter

Interim report Q3, 1 September 2010 - 31 May 2011: Lower sales and
higher profit for the third quarter

Cloetta's sales for the third quarter amounted to SEK 237 million (267).
Operating profit for the quarter rose to SEK 5 million (4). Sales for
the nine-month period from September 2010 to May 2011 totalled SEK 794
million (848). Operating profit for the corresponding period was SEK 27
million (41).

"Profit improved somewhat in the third quarter compared to the previous
year. We also recorded a strong cash flow from operating activities
during the period," comments Cloetta's Managing Director and CEO Curt
Petri.

At the end of 2010 and so far this year, the grocery trade has shown
weak development that has also affected confectionery sales. The second
quarter's slow confectionery market was followed by a third quarter with
essentially unchanged conditions*. Cloetta's sales for the quarter were
down compared to the previous year mainly due to the fact that the
year-earlier period included sales of products from The Official Wedding
Series. Furthermore, sales of products manufactured on contract and in
the pick-and-mix segment were lower than in the previous year.

"In our internal efforts we have increased the focus on efficiency
programmes throughout the value chain. We are conducting discussions
with our customers in areas such as category development, which is
creating the conditions for us to maintain a high pace in product range
optimisation, generate profitability for Cloetta and our customers and
provide our consumers with interesting new products, adds Curt Petri.

"Cloetta and Kexchoklad have signed on as new sponsors of the Swedish
Beach Tour beach volleyball competition for the summer of 2011. The tour
will give Kexchoklad a clear and active presence throughout Sweden
during the summer months, which will be a valuable complement to our
marketing activities during the ski season," says Curt Petri.

* According to Nielsen

The information in this press release is subject to the disclosure
requirements of Cloetta AB (publ) pursuant to the Swedish Securities
Market Act. The information was submitted for publication on 23 June
2011, 01:30 p.m. CET.

For further information contact
Curt Petri, CEO, mobile 46 70-593 21 69
Kent Sandin, CFO, mobile 46 70-582 77 95