In connection with the interim report for the third quarter, the company highlights the challenging situation.
"The historically high cocoa price level is expected to affect us with full force only during the last quarter of the year, which means that we are facing a real challenge to deliver a two-digit operating margin in the last quarter," writes CEO Katarina Tell.
During the third quarter, the operating margin was 10.8 percent compared to 9.4 percent during the same period in 2023. This is at the same time as the operating profit increased to 238 million kronor compared to 201 million the previous year. The turnover also increased, up 2.2 percent to almost 2.2 billion kronor.
A positive factor for the company is the growing interest in Swedish pick-and-mix candy in the USA through various forms of social media.
"The recent increased attention to pick-and-mix candy in the USA, known as "Swedish candy" on social media, is driving growth in our relatively limited operations in North America. For us, this is a good example of our opportunities to continue growing," writes Katarina Tell.
