Edition:
India

Essity Q1 Adjusted EBITA Up At SEK 5.33 Bln


Thursday, 23 Apr 2020 

April 23 (Reuters) - Essity AB (publ) ::Q1 ADJUSTED EBITA INCREASED 67% TO SEK 5,333M (3,190).Q1 ORGANIC NET SALES INCREASED 7.8%.IN LONG-TERM, COVID-19 PANDEMIC MAY LEAD TO INCREASED DEMAND FOR HYGIENE AND HEALTH PRODUCTS DUE TO, FOR EXAMPLE, A GREATER FOCUS ON HAND HYGIENE.Q1 NET SALES INCREASED 10.0% TO SEK 33,712M (30,656).PRODUCTION FACILITIES OUTSIDE OF CHINA DID NOT EXPERIENCE ANY MAJOR PRODUCTION DISRUPTIONS DUE TO COVID-19 PANDEMIC.DISTRIBUTION COSTS HAVE INCREASED.LOWER PRICES, MAINLY RELATED TO CONSUMER TISSUE IN EUROPE AND ASIA, HAD A NEGATIVE IMPACT ON GROSS MARGIN..SPREAD OF COVID-19 AND RELATED COUNTERMEASURES MEAN LEVEL OF UNCERTAINTY IN FUTURE FORECASTS IS MUCH GREATER THAN NORMAL.BOARD INTENDS TO REVISIT ISSUE CONCERNING A DIVIDEND LATER IN YEAR WHEN A BETTER OVERVIEW CAN BE GAINED OF EFFECTS OF ONGOING COVID-19 PANDEMIC. 

Company Quote

287.5
-16.5 -5.43%
3:43pm IST