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Q3 Sustainability Financial statements Cloetta Interim report Q3 July - September 2021 Stockholm , 29 October 2021 Overview Words from the president Financial overview Third quarter , July - September 2021 • Net sales for the quarter increased by 6.2 per cent to SEK 1,566m ( 1,474 ) including a negative impact from foreign exchange rates of -1.3 per cent . • Sales of Branded packaged products increased organically by 4.0 per cent during the quarter : -4.1 per cent in July , 9.3 per cent in August and 6.3 per cent in September . " Branded packaged products delivered yet another quarter of solid growth , bringing the segment above 2019 levels . In addition , our actions taken within the Pick & mix segment enabled a steady recovery of volumes and profitability . " -Henri de Sauvage - Nolting , President and CEO • Sales of Pick & mix increased organically by 21.6 per cent during the quarter : 12.3 per cent in July , 26.2 per cent in August and 26.3 per cent in September . Key ratios • Operating profit amounted to SEK 189m ( 87 ) . Operating profit , adjusted for items affecting comparability , amounted to SEK 190m ( 130 ) . 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 Jul - Sep 2021 1,566 190 12.1 189 12.1 178 144 0.50 2.4 238 290 Third quarter 1,474 130 8.8 87 5.9 63 46 0.16 2.6 252 313 • Operating profit , adjusted , of Branded packaged products amounted to SEK 181m ( 154 ) . Jul - Sep Change , 2020 % • Operating profit , adjusted , of Pick & mix amounted to SEK 9m ( -24 ) . Disclosures • Profit for the period amounted to SEK 144m ( 46 ) , which equates to basic and diluted earnings per share of SEK 0.50 ( 0.16 ) . 6.2¹ 46.2 • Cash flow from operating activities was SEK 290m ( 313 ) . • Net debt / EBITDA ratio was 2.4x ( 2.6 ) . 3.3 - pts 117.2 6.2 - pts 182.5 213.0 212.5 -7.7 -5.6 -7.3 4,384 441 Jan - Sep Jan - Sep 2021 2020 10.1 435 9.9 427 346 1.20 2.4 351 513 9 months Definitions 4,229 392 9.3 341 8.1 260 198 0.69 2.6 114 341 Change , % 3.7¹ 12.5 0.8 - pts 27.6 1.8 - pts 64.2 74.7 73.9 -7.7 207.9 50.4 Contact 1 Organic growth at constant exchange rates was 7.5 per cent for the quarter and 6.5 per cent for the first three quarters of the year . See further under Net sales on page 4 . Rolling 12 Oct 2020 Sep 2021 5,850 564 9.6 556 9.5 570 429 1.49 2.4 603 828 Full year 2020 5,695 515 9.0 462 8.1 403 281 0.98 2.7 366 656