Nordic confectioner Candyking, along with its principal shareholders Accent and EQT, have decided to list the pick and mix manufacturer in Stockholm.
The company said the move to diversify its ownership base would support Candyking’s “continued growth and development”.
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Candyking previously detailed long-term strategic goals that include annual sales growth averaging 5%, long-term operating margin of 9% and net debt to EBITDA of 2.5x. The firm has targeted a dividend pay-out ratio of a minimum of 40% of net profit.
Its products are on sale in ten countries, including the Nordic markets, the UK, Ireland, Poland and the Czech Republic.
