Cloetta's updated long-term financial targets are:

• Organic sales growth target increased to 3-4% per year (previously 1-2%)
• Long-term adjusted EBIT margin target remains unchanged at 14%, with the addition that Cloetta will reach at least 12% by 2027
• Net debt/EBITDA ratio target strengthened to be below 1.5x (previously to be around 2.5x)
• A dividend payout above 50 per cent of profit for the year (previously 40-60 per cent)

To continue to drive profitable growth and to further strengthen the market position, Cloetta has defined three strategic priorities.

• Win with our Superbrands - increased focus across the core markets on ten selected brands to drive profitable growth through increased distribution and by continuing to stretch the brands into new categories
• Grow beyond core markets - increased focus on Germany and UK, as the European markets with the largest confectionery retail sales and the highest per capita consumption, and on North America to leverage demand for Swedish Candy
• Excel in marketing and innovation - accelerated new product development supported by continued marketing effectiveness

To successfully deliver on these strategic priorities, focus will be placed on further enhancing Cloetta's operating model through net revenue management, a supply chain fit for purpose and an effective operating structure, as well as selective M&A.

"Cloetta is committed to continue to drive profitable growth and strengthening our market position through clear strategic priorities and a more focused execution. Our updated financial targets and strategic priorities reflect our ambition to accelerate growth, enhance efficiency and leverage our strong brands across core markets and beyond. With a sharpened focus on innovation, marketing effectiveness and operational excellence, we are well-positioned to create long-term value for our consumers, customers and shareholders", says Katarina Tell, President and CEO.

Agenda for the Investor Day
A detailed agenda is available on www.cloetta.com/investorday2025.

Practical information for participants
The live webcast from Cloetta's Investor Day starts at 13:00 CET. While registration for on-site participation is now closed, the event can be followed live via webcast here: www.cloetta.com/investorday2025.

Pre-registered online attendees will have the opportunity to submit questions to the speakers during the event and the presentations will be available to download at the start of the event at www.cloetta.com/en/investors/presentations/.

This disclosure contains information that Cloetta AB is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-03-2025 07:36 CET.

Investor and media contact
Laura Lindholm, Director, Communications & Investor Relations
+46 705 11 26 22, ir (@) cloetta.com

Cloetta's press and investor desk

+46 766 96 59 40

ir (@) cloetta.com
press (@) cloetta.com
sustainability (@) cloetta.com

For more information from Cloetta and press images, visit www.cloetta.com/en/media/