date:Jul 23, 2013
Swedish confectionery group Cloetta returned to profit during the first half of its financial year, but stated that the European market for sweet goods remained 'weak' during the period.
In the three-month April to June period, Cloetta recorded an operating profit of SEK112 million (US$17.1m), comparing to losses of SEK47 million in the previous year. Bengt Baron, president and CEO of Cloetta, commented that the company's improvement was primarily the result of realized synergies from the merge