Essity reported a marginal miss vs the consensus, although beating our profit estimates. While cost inflation continued to persist, the first effects of recent price increases buffered the margin impact.
Essity announced a longer-term growth target of 5%+, underpinning an ambition to move to faster growth categories. All in all, an encouraging update barring the marginal top-line miss. However, we do not expect any significant changes to our estimates due to the limited visibility on plans to ....
25 Oct 2021
Q3 21: Broadening cost inflation will require more price increases
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Q3 21: Broadening cost inflation will require more price increases
Essity AB Class B (ESSITY.B:OME) | 0 0 0.0%
- Published:
25 Oct 2021 -
Author:
Virendra Chauhan -
Pages:
3
Essity reported a marginal miss vs the consensus, although beating our profit estimates. While cost inflation continued to persist, the first effects of recent price increases buffered the margin impact.
Essity announced a longer-term growth target of 5%+, underpinning an ambition to move to faster growth categories. All in all, an encouraging update barring the marginal top-line miss. However, we do not expect any significant changes to our estimates due to the limited visibility on plans to ....