Essity reported poor Q1 21 numbers, missing estimates. Sales were down 9.9% on an organic basis, hurt by a 27.5% decline in Professional Hygiene. Adjusted EBITA margin contracted 2.7pp to 13.1%.
Essity also announced an agreement to acquire an incremental 44% stake (total stake at 94%) in Colombian firm Productos Familia (market leader in Feminine care, incontinence and consumer tissue in the Colombian market) for ~SEK 5.72bn.
We will reduce our estimates, given the softer than expected showin ....
23 Apr 2021
Q1 21 miss precedes margin challenges
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Q1 21 miss precedes margin challenges
Essity AB Class B (ESSITY.B:OME) | 0 0 0.0%
- Published:
23 Apr 2021 -
Author:
Virendra Chauhan -
Pages:
3
Essity reported poor Q1 21 numbers, missing estimates. Sales were down 9.9% on an organic basis, hurt by a 27.5% decline in Professional Hygiene. Adjusted EBITA margin contracted 2.7pp to 13.1%.
Essity also announced an agreement to acquire an incremental 44% stake (total stake at 94%) in Colombian firm Productos Familia (market leader in Feminine care, incontinence and consumer tissue in the Colombian market) for ~SEK 5.72bn.
We will reduce our estimates, given the softer than expected showin ....