Essity reported a weak Q3 20, as sales declined by 5.1% owing to a 21.4% contraction in professional hygiene. The adjusted EBITA was down 1%, with the margin at 14.4% (+160bp). In addition, the Board proposed a dividend of SEK 6.25, having earlier postponed the decision. Essity also upgraded its longer term adj. ROCE target to 17%, which will benefit from the online transition as well as incremental efficiency improvements. Factoring in the big decline in professional hygiene, we will be trimmin ....
27 Oct 2020
Q3 20: short-term pandemic pains
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Q3 20: short-term pandemic pains
Essity AB Class B (ETTYF:OTC), 0 | Essity AB Class B (ESSITYBN:MEX), 0 | Essity AB Class B (ESSITY.B:OME), 0 | Essity AB Class B (ESWB:BER), 0 | Essity AB Class B (0RQD:LON), 0
- Published:
27 Oct 2020 -
Author:
Virendra Chauhan -
Pages:
3
Essity reported a weak Q3 20, as sales declined by 5.1% owing to a 21.4% contraction in professional hygiene. The adjusted EBITA was down 1%, with the margin at 14.4% (+160bp). In addition, the Board proposed a dividend of SEK 6.25, having earlier postponed the decision. Essity also upgraded its longer term adj. ROCE target to 17%, which will benefit from the online transition as well as incremental efficiency improvements. Factoring in the big decline in professional hygiene, we will be trimmin ....