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Q2 Sustainability Financial statements Cloetta Interim report Q2 April - June 2021 Stockholm , 16 July 2021 Overview Words from the president Financial overview Second quarter , April - June 2021 • Net sales for the quarter increased by 14.8 per cent to SEK 1,420m ( 1,237 ) including a negative impact from foreign exchange rates of 3.4 per cent . • Sales of Branded packaged products increased organically by 7.3 per cent during the quarter : 0.7 per cent in April , 17.8 per cent in May and 5.0 per cent in June . " We have delivered a solid quarter with a rebound in sales and improved profitability , while also increasing our marketing investments to strengthen our brands . " • Sales of Pick & mix increased organically by 79.6 per cent during the quarter : 85.4 per cent in April , 111.0 per cent in May and 55.9 per cent in June . Key ratios • Operating profit amounted to SEK 139m ( 105 ) . Profit for the period amounted to SEK 96m ( 108 ) . Operating profit , adjusted for items affecting comparability , amounted to SEK 140m ( 110 ) . Last year , the operating profit was favourably impacted by the phasing of supply chain costs of approximately SEK 35m between the second and the third quarter . SEKM Net sales Operating profit , adjusted Operating profit margin , adjusted % Operating profit ( EBIT ) Operating profit margin ( EBIT margin ) , % Profit before tax Profit for the period Earnings per share , basic and diluted , SEK Net debt / EBITDA , x ( Rolling 12 months ) Free cash flow Cash flow from operating activities Apr - Jun 2021 1,420 140 Second quarter Apr - Jun 2020 9.9 139 9.8 122 96 0.33 2.8 102 166 1,237 110 8.9 105 8.5 137 108 0.38 2.6 -118 -39 • Operating profit , adjusted , of Branded packaged products amounted to SEK 136m ( 169 ) . • Operating profit , adjusted , of Pick & mix amounted to SEK 4m ( -59 ) . • Cash flow from operating activities was SEK 166m ( -39 ) . • Net debt / EBITDA ratio was 2.8x ( 2.6 ) . Change , Jan - Jun % 2021 14.8¹ 27.3 • During the quarter , Cloetta refinanced the Group for up to four years through its existing banks . 1 - pts 32.4 Disclosures • After the end of the quarter , the Board resolved on the repurchase of the company's own B - shares to enable Cloetta to transfer shares under the long - term share - based incentive program . 1.3 - pts -10.9 Henri de Sauvage - Nolting , President and CEO -11.1 -13.2 7.7 n / a n / a 2,818 251 Definitions 8.9 246 8.7 249 202 0.70 2.8 113 223 6 months Jan - Jun 2020 2,755 262 -138 28 Change , % 9.5 -0.6 - pts 254 -3.1 9.2 -0.5 - pts 197 26.4 152 32.9 0.53 32.1 2.6 7.7 n / a 696.4 Contact 2.3¹ -4.2 Rolling 12 Jul 2020 Jun 2021 5,758 504 8.8 454 7.9 455 331 1.15 2.8 617 851 Full year 2020 5,695 515 9.0 462 8.1 403 281 0.98 2.7 366 656 1 Organic growth at constant exchange rates and comparable units was 18.2 per cent for the quarter and 5.9 per cent for the first half of the year . See further under Net sales on page 4 .