Edition:
India

Essity: Higher Sales And Earnings During Q1 2020


Tuesday, 14 Apr 2020 

April 14 (Reuters) - Essity AB (publ) ::HIGHER SALES AND EARNINGS FOR ESSITY DURING THE FIRST QUARTER OF 2020.ESSITY AB (PUBL) - ON ACCOUNT OF SUBSTANTIAL INCREASE IN NET SALES AND EARNINGS FOR Q1 OF 2020 COMPARED WITH CORRESPONDING PERIOD A YEAR AGO, ESSITY IS TODAY PUBLISHING ITS PRELIMINARY RESULT FOR Q1 OF 2020.ESSITY AB (PUBL) - STRONG DEVELOPMENT IS PARTIALLY A CONSEQUENCE OF COVID-19 PANDEMIC.ESSITY AB (PUBL) - GROUP'S NET SALES AMOUNTED TO SEK 33,712M AND ORGANIC NET SALES INCREASED 7.8% IN Q1 OF 2020 COMPARED WITH CORRESPONDING PERIOD A YEAR AGO..ESSITY AB (PUBL) - Q1 ADJUSTED ADJUSTED EBITA INCREASED 67% TO SEK 5,333M (3,190)..ESSITY AB (PUBL) - GROUP'S Q1 ADJUSTED EBITA MARGIN(1)) INCREASED 5.4 PERCENTAGE POINTS TO 15.8%..ESSITY AB (PUBL) - COVID-19 PANDEMIC HAS RESULTED IN A SHARP INCREASE IN SALES IN MANY MARKETS FOR CONSUMER TISSUE, INCONTINENCE PRODUCTS, BABY CARE, FEMININE CARE AND PROFESSIONAL HYGIENE AS A RESULT OF HOARDING AMONG CONSUMERS AND DISTRIBUTORS.ESSITY AB (PUBL) - IN MARCH 2020, ORGANIC NET SALES FOR GROUP INCREASED 19.7% COMPARED WITH MARCH 2019.ESSITY AB (PUBL) - IN LONG-TERM, COVID-19 MAY LEAD TO INCREASED DEMAND FOR HYGIENE AND HEALTH PRODUCTS DUE TO, GREATER FOCUS ON HAND HYGIENE.ESSITY AB (PUBL) - MARCH ORGANIC NET SALES FOR PERSONAL CARE ROSE BY 17.0%, FOR CONSUMER TISSUE BY 19.5% AND FOR PROFESSIONAL HYGIENE BY 24.5%.ESSITY AB (PUBL) - SALES IN FUTURE QUARTERS MAY BE ADVERSELY IMPACTED BY HOARDING SEEN IN MARCH. 

Company Quote

288.5
-15.5 -5.10%
3:32pm IST