Essity reported strong Q4 20 numbers, beating consensus estimates with an organic revenue decline of 0.5%, attributable to the decline in professional hygiene (-15.1%), which was partly offset by growth in consumer tissue (+5.6%) and personal care (+2.2%). Adjusted EBITA came in at SEK4.39bn with the margin at 14.2%.
Essity proposed a FY20 dividend of SEK6.75/share and upgraded its long-term ROCE target to above 17%. However, we do not expect any significant change to our estimates, due to the ....
05 Feb 2021
FY 20: professional hygiene, the ‘wildcard’
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FY 20: professional hygiene, the ‘wildcard’
Essity AB Class B (ESSITY.B:OME) | 0 0 0.0%
- Published:
05 Feb 2021 -
Author:
Virendra Chauhan -
Pages:
3
Essity reported strong Q4 20 numbers, beating consensus estimates with an organic revenue decline of 0.5%, attributable to the decline in professional hygiene (-15.1%), which was partly offset by growth in consumer tissue (+5.6%) and personal care (+2.2%). Adjusted EBITA came in at SEK4.39bn with the margin at 14.2%.
Essity proposed a FY20 dividend of SEK6.75/share and upgraded its long-term ROCE target to above 17%. However, we do not expect any significant change to our estimates, due to the ....