Cloetta AB (publ) (CLA-B.ST)
Cloetta AB (publ) operates in the Food Confectioners industry of the Consumer Defensive sector, headquartered in Sundbyberg, AB, SE. The stock last traded at $52.75, down 1.40% on the session, giving a market capitalisation of $14.86B. Its beta of 0.67 implies it has historically moved less than the broad market.
Cloetta AB (publ), an confectionery enterprise established in 1862 and based in Sundbyberg, Sweden, focuses on the creation and commercialization of a diverse range of sweet products. Its extensive portfolio encompasses various chocolate items, including pralines, wafers, dragees, chocolate bars, and countlines, marketed under popular labels such as Kexchoklad, Polly, Center, Plopp, Tupla, Royal, Sportlunch, Bridge, Lonka, Sinas, Snippers, and Lonka soft nougat. The company also manufactures a wide selection of general confectionery, like foams, wine gums, liquorice, toffees, hard candies, and lollipops, featuring brands such as Malaco, Red Band, Ahlgrens bilar, Venco, Chewits, and Juleskum. Furthermore, Cloetta provides pastilles through brands like Läkerol, Mynthon, and King, alongside chewing gums under the Jenkki, Sportlife, and Xylifresh names. Diversifying its product line, the company also produces and distributes dry roasted nuts, predominantly under the Nutisal brand. These goods reach consumers via multiple distribution channels, including grocery retailers, service outlets, online platforms, and other sales avenues.
Cloetta AB (publ) is most often compared with the following Consumer Defensive names: