Interim report Q1, 1 September – 30 November 2011:Cloetta reports lower profit

Interim report Q1, 1 September – 30 November 2011:Cloetta reports lower profit

Cloetta’s net sales for the first quarter reached SEK 302 million (333).
Operating profit for the same period was SEK 31 million (45). Profit after tax
was SEK 23 million (32).

“Sales of Cloetta’s two leading brands, Kexchoklad and Polly, rose during the
quarter,” says CEO Curt Petri. “The overall drop in sales for the quarter is due
to weaker development in the grocery retail market than in the same period of
last year, a decrease in products manufactured on contract and the previous
year’s sell-in volumes of the newly launched Tarragona bars. Higher marketing
investments, above all in Norway, have also impacted profit. Price increases
have been implemented during the autumn which will have an effect in the coming
year,” adds Curt Petri.

On 16 December 2011 a proposal was announced for a merger between Cloetta and
LEAF. For further information see www.cloetta.se

“The merger with LEAF will bring whole new opportunities for Cloetta,” says Curt
Petri. Cloetta has promising and well prepared plans for product and category
development during 2012. Together with LEAF’s attractive brand and product
portfolio we will gain at least five complementary segments where we are
market-leaders in Sweden and a firm footing in the Nordic market, which will
benefit the shareholders, customers, consumers and employees alike.”

The information in this press release is subject to the disclosure requirements
of Cloetta AB (publ) under the Swedish Securities Market Act. The information
was submitted for publication on 19 December 2011, 01:00 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