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Essity AB (publ) (ESSITYa.ST)

ESSITYa.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Essity Ups Target For Adjusted RoCE To Above 17% By 2025
10:30am IST 

Oct 22 (Reuters) - Essity AB (publ) ::ESSITY RAISES TARGET FOR ADJUSTED RETURN ON CAPITAL EMPLOYED TO ABOVE 17% BY 2025.THIS DIGITAL INVESTMENT IS EXPECTED TO AMOUNT TO APPROXIMATELY SEK 2.6BN.OF THIS AMOUNT, APPROXIMATELY SEK 1.4BN WILL COMPRISE COSTS THAT WILL BE CHARGED TO 2020-2024 PERIOD, AND SEK 1.2BN WILL COMPRISE CAPITAL EXPENDITURES.A POSITIVE SALES AND EARNINGS IMPACT IS EXPECTED GRADUALLY FROM 2022.IN SHORT TERM, COSTS ARE EXPECTED TO BE OFFSET BY SAVINGS IN OTHER AREAS..DURING LAST 12 MONTHS, WE REPORTED AN ADJUSTED RETURN ON CAPITAL EMPLOYED OF 15.7%. NOW WE ARE RAISING OUR TARGET TO ACHIEVE ABOVE 17% BY 2025.  Full Article

Essity Q3 Adjusted EBITA Down At Sek 4,119 Million
10:30am IST 

Oct 22 (Reuters) - Essity AB (publ) ::INTERIM REPORT THIRD QUARTER 2020.ESSITY IS RAISING ITS TARGET FOR ADJUSTED RETURN ON CAPITAL EMPLOYED TO ABOVE 17% BY 2025.PREVIOUS TARGET OF ABOVE 15% FOR ADJUSTED RETURN ON CAPITAL EMPLOYED HAS BEEN ACHIEVED DURING LAST 12 MONTHS.DURING Q3 OF 2020, GROUP'S ORGANIC NET SALES DECLINED 5.1%.OTHER FINANCIAL TARGETS REMAIN UNCHANGED..ESSITY'S BOARD OF DIRECTORS IS PROPOSING A DIVIDEND OF SEK 6.25 PER SHARE AND THAT DIVIDEND PROPOSAL WILL BE ADDRESSED AT AN EXTRAORDINARY GENERAL MEETING ON OCTOBER 28, 2020..COVID-19 PANDEMIC HAS HAD BOTH A POSITIVE AND NEGATIVE IMPACT ON ESSITY'S BUSINESS AREAS.PROFESSIONAL HYGIENE'S CUSTOMER SEGMENTS OF HOTEL, RESTAURANT, CATERING, COMMERCIAL BUILDINGS AS WELL AS SCHOOLS AND UNIVERSITIES WERE NEGATIVELY AFFECTED BY LOCKDOWNS.PROFESSIONAL HYGIENE INCREASED ITS SALES OF DISPENSERS AS A RESULT OF A GREATER FOCUS ON HYGIENE AS MANY CUSTOMERS REPLACED AIR DRYERS TO OFFER A MORE HYGIENIC ALTERNATIVE..AS A RESULT OF RISING DEMAND, PROFESSIONAL HYGIENE HAS INCREASED DELIVERY CAPACITY FOR HAND SANITIZERS.DEMAND FOR CONSUMER TISSUE HAS BEEN POSITIVELY IMPACTED WHILE THIS HAS LED TO TEMPORARILY LOWER CONSUMPTION FOR PERSONAL CARE.COVID-19 PANDEMIC MAY LEAD TO INCREASED DEMAND FOR COMPANY'S LEADING HYGIENE AND HEALTH PRODUCTS AS A RESULT OF INCREASED AWARENESS OF IMPORTANCE OF HYGIENE AND HEALTH..Q3 NET SALES SEK 28,677 MILLION VERSUS SEK 32.57 BILLION YEAR AGO.  Full Article

Essity Divests Partly Owned Company In Tunisia
Wednesday, 21 Oct 2020 

Oct 21 (Reuters) - Essity AB (publ) ::ESSITY DIVESTS PARTLY OWNED COMPANY IN TUNISIA.HYGIENE AND HEALTH COMPANY ESSITY DIVESTS ITS 49% STAKE IN SANCELLA TUNISIA TO OTHER OWNER SOTUPA..ESSITY WILL RETAIN A PRESENCE ON THESE MARKETS THROUGH LICENSE AND DISTRIBUTION AGREEMENTS..DIVESTMENT IS EXPECTED TO GIVE RISE TO A GAIN OF APPROXIMATELY SEK 25M, WHICH WILL BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY WHEN TRANSACTION IS COMPLETED..TRANSACTION IS SUBJECT TO APPROVAL BY TUNISIAN AUTHORITIES AND IS EXPECTED TO BE COMPLETED DURING Q4 2020..  Full Article

Essity AB Says Board Proposing Dividend Of Sek 6.25 Per Share
Monday, 28 Sep 2020 

Sept 28 (Reuters) - Essity AB (publ) ::ESSITY AB - BOARD PROPOSING DIVIDEND OF SEK 6.25 PER SHARE AND THAT DIVIDEND PROPOSAL BE ADDRESSED AT AN EXTRAORDINARY GENERAL MEETING ON OCTOBER 28.  Full Article

Essity Q2 Adj.EBITA Up At SEK 3.78 Bln
Monday, 13 Jul 2020 

July 13 (Reuters) - Essity AB (publ) ::HALF-YEAR REPORT 2020.GROUP'S NET SALES DECLINED 11.4% IN Q2 OF 2020 COMPARED WITH CORRESPONDING PERIOD A YEAR AGO.ADJUSTED EBITA FOR Q2 OF 2020 INCREASED 1% COMPARED WITH SAME PERIOD A YEAR AGO.ESSITY AB (PUBL) Q2 NET SALES SEK 28.41 BILLION VERSUS SEK 32.07 BILLION YEAR AGO.SALES WERE NEGATIVELY IMPACTED BY COVID-19 PANDEMIC AND RELATED LOCKDOWNS.LOCKDOWNS MAINLY RESULTED IN A TEMPORARY REDUCTION IN DEMAND IN PROFESSIONAL HYGIENE AND MEDICAL SOLUTIONS.COVID-19 PANDEMIC MAY LEAD TO INCREASED DEMAND FOR COMPANY'S LEADING HYGIENE AND HEALTH PRODUCTS.Q2 ADJUSTED EBITA SEK 3.78 BILLION VERSUS SEK 3.73 BILLION YEAR AGO.GROSS MARGIN WAS POSITIVELY IMPACTED BY A BETTER MIX, LOWER RAW MATERIAL AND ENERGY COSTS AND COSTS SAVINGS.LOWER RAW MATERIALS AND ENERGY COSTS INCREASED GROSS MARGIN BY 5.1 PERCENTAGE POINTS.LOWER RAW MATERIAL COSTS WERE PRIMARILY RESULT OF LOWER PULP PRICES.CONTINUOUS COST SAVINGS AMOUNTED TO SEK 127M.LOWER PRICES FOR BUSINESS AREA CONSUMER TISSUE HAD A NEGATIVE IMPACT ON GROSS MARGIN.  Full Article

Essity Says 2020 Half-Year Report To Be Published On July 13 Instead Of July 17
Sunday, 12 Jul 2020 

July 12 (Reuters) - Essity AB (publ) ::ESSITY'S 2020 HALF-YEAR REPORT WILL BE PUBLISHED ON JULY 13 INSTEAD OF JULY 17 AS PREVIOUSLY COMMUNICATED.REASON FOR EARLIER PUBLISHING DATE IS UNCERTAINTY ENTAILED BY ONGOING COVID-19 PANDEMIC..  Full Article

Essity Q3 Adjusted EBITA Sek 4.18 Billion
Friday, 25 Oct 2019 

Oct 25 (Reuters) - Essity AB (publ) ::INTERIM REPORT THIRD QUARTER 2019.QUARTER WAS CHARACTERIZED BY STRONG DEVELOPMENT IN TERMS OF GROWTH AND PROFITABILITY.ALL BUSINESS AREAS DEMONSTRATED HEALTHY GROWTH DUE TO IMPLEMENTED PRICE INCREASES, A BETTER MIX AND HIGHER VOLUMES..GROWTH WAS STRENGTHENED BY INNOVATIONS AND INVESTMENTS IN SALES AND MARKETING ACTIVITIES..WE CONTINUED OUR SUCCESSFUL INNOVATION WORK TO INCREASE CUSTOMER AND CONSUMER VALUE AND REDUCE ENVIRONMENTAL FOOTPRINT.TOTAL COST SAVINGS AMOUNTED TO SEK 271M DURING QUARTER, OF WHICH SEK 179M WAS RELATED TO GROUP-WIDE COST-SAVINGS PROGRAM..WE HAVE CHANGED OUR AMBITION TO ACHIEVE SEK 600-700M IN ONGOING SAVINGS AND SEK 1.2-1.3BN IN TOTAL COST SAVINGS FOR FULL-YEAR 2019.EARNINGS WERE POSITIVELY IMPACTED BY HIGHER PRICES, A BETTER MIX, HIGHER VOLUMES, LOWER RAW MATERIAL AND ENERGY COSTS AND COST SAVINGS.STOCK REVALUATIONS, DUE TO LOWER RAW MATERIAL PRICES, AND HIGHER DISTRIBUTION COSTS HAD A NEGATIVE IMPACT ON EARNINGS.Q3 NET SALES 29.64 BILLION (REFINTIV POLL AT SEK 31.6 BILLION).Q3 ADJUSTED EBITA SEK 4.18 BILLION (REFINITIV POLL AT SEK 3.84 BILLION).  Full Article

Essity sees lower pulp prices in Q3 - CEO
Thursday, 18 Jul 2019 

July 18 (Reuters) - Essity AB (publ) CEO Magnus Groth in a call with analysts::ESSITY CEO SEES LOWER PULP PRICES IN Q3 VERSUS Q3 2018 AND MUCH LOWER VERSUS Q2 2019.ESSITY CEO WE ARE HAPPY TO STABILIZE PRICES TO CUSTOMERS IN THE COMING QUARTERS, PRICES TO CUSTOMERS LATER ON WILL DEPEND ON WHAT HAPPENS WITH PULP PRICES.ESSITY CFO SAYS TO EXPECT NEGATIVE EFFECTS FROM STOCK REVALUATIONS ALSO IN Q3.  Full Article

Essity Divests Partly Owned Company In Turkey
Tuesday, 21 May 2019 

May 21 (Reuters) - Essity AB (publ) ::ESSITY DIVESTS PARTLY OWNED COMPANY IN TURKEY.ESSITY IS DIVESTING ITS 50% STAKE IN PARTLY OWNED COMPANY SCA YILDIZ IN TURKEY TO OTHER PART OWNER YILDIZ.DIVESTMENT GIVES RISE TO A CURRENCY RELATED LOSS OF APPROXIMATELY SEK 150M, WHICH WILL BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY IN Q2 OF 2019.  Full Article

Essity CEO Says We Will Continue With Price Increases
Thursday, 25 Apr 2019 

April 25 (Reuters) - Essity AB CEO Magnus Groth in earnings call with analysts and media::ESSITY CEO SEES SIGNIFICANTLY HIGHER ENERGY COSTS IN Q2 VERSUS Q2 2018, BUT LOWER VERSUS Q1 2019.ESSITY CEO SAYS WE COMPENSATE FOR NEARLY ALL OF THE NEGATIVE RAW MATERIAL AND ENERGY COST EFFECT IN Q1 , WE WILL SEE SOME MORE POSITVE IMPACT FROM PRICING IN COMING QUARTERS.ESSITY CEO SAYS WE WILL CONTINUE WITH PRICE INCREASES THIS YEAR.  Full Article