| Market Closed –
18:00:00 06/14/2024 | Varia. 5d. | Varia. Jan 1 | ||
| 278 | -0.54% | -1.59% | +11.87% | |
Swedish hygiene products manufacturer Essity on Monday raised its profit margin target and reiterated its turnover target after the sale of its subsidiary Vinda
Essity’s sale of its 51.6% stake in Vinda for approximately 16 billion Swedish crowns ($1.52 billion) was completed in March.
A press release from Essity indicates that the company is now targeting an operating profit margin before amortization (EBITA) and items affecting comparability of more than 15% on annual sales growth before acquisitions of more than 3%.
It previously targeted an EBITA margin excluding exceptional items of around 13.5% and sales growth of over 5%, with organic sales growth of over 3%.
“The new targets are more ambitious and emphasize profitable growth,” the company said.
“Favorable market trends, combined with Essity’s successful innovations, strong brands and efficiency initiatives, provide us with the platform to gain market share and improve business profitability .”
Essity added that although acquisitions are no longer included in the sales target, they are still part of the company’s strategy.
($1 = 10.5343 Swedish crowns)
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| The Paris Stock Exchange in PLS | 08:03 | |
| Transcript: Essity AB Presents at 21st Annual dbAccess Global Consumer Conference 2024, Jun-05-2024 08:30 AM | 05/06 | |
| ESSITY: Decrease in EPS (2023: -9.6%, 2024: -1.3%) | 01/06 | |
| Essity invests in a new R&D center in France | 14/05 | THIS |
| ESSITY: Q1 24: Strong increase in margins despite low volumes | 03/05 |  |
| Transcript: Essity AB Presents at JPMorgan’s Annual Consumer CEO Call Series 2024, May-02-2024 | 02/05 | |
| Transcript: Essity AB, Q1 2024 Earnings Call, Apr 25, 2024 | 04/25 | |
| Hygiene maker Essity’s first-quarter profit exceeds expectations | 04/25 | D |
| Essity AB (publ) announces its results for the first quarter ended March 31, 2024 | 04/25 | THIS |
| Essity bondholders request meeting regarding debt repayment | 03/22 | D |
| Essity AB (Publ) announces changes to its board of directors | 03/21 | THIS |
| Essity AB (Publ) approves dividend for financial year 2023, payable on March 28, 2024 | 03/21 | THIS |
| Essity closes sale of stake in Vinda International for HK$14.6 billion | 03/21 | TM |
| Transcript: Essity AB Presents at UBS Global Consumer and Retail Conference 2024, Mar-13-2024 01:00 PM | 03/13 | |
| ESSITY: Many positives, even if Q4 23 results are disappointing | 01/25 | |
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| Transcript: Essity AB, 2023 Earnings Call, Jan 25, 2024 | 01/25 | |
| Hygiene maker Essity increases margins despite lower fourth-quarter volumes | 01/25 | D |
| Hygiene maker Essity’s fourth-quarter profit falls short of expectations | 01/25 | D |
| Essity AB (publ) publishes its results for the financial year ending December 31, 2023 | 01/25 | THIS |
| Essity AB (publ) reports results for the fourth quarter ended December 31, 2023 | 01/25 | THIS |
| Essity AB (publ) proposes a dividend for the year 2023 | 01/25 | THIS |
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| ESSITY: decrease in EPS (2023: +15.3%, 2024: -16.9%) | 01/22 | |
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Essity AB is one of the world’s leading manufacturers of hygiene products. Sales by product family are broken down as follows: – personal care products (40.3%): incontinence products (Tena brand), feminine protection products (Libresse, Bodyform, Nana, Nuvenia, Saba, Nosotras, Donnasept, etc.), diapers (Libero, Up&Go, Libero-Peaudouce, Drypers, Pequenin, etc.), compresses and bandages; – paper hygiene products (32.6%): paper towels, toilet paper, tissues, wipes, etc. sold in particular under the brands Tempo, Colhogar, Cozy, Cushelle, Danke, Delica, Demak Up, Favorita, Flen, Lotus, Lovly, Okay, Plenty, Regio and Zewa; – professional hygiene products (26.8%): notably toilet paper, tissues, lotions and hand soaps, hand disinfectants and cleaning and wiping products; – others (0.3%). At the end of 2023, the group has nearly 70 production sites around the world. The geographical distribution of turnover is as follows: Europe (60.3%), North America (17.4%), Latin America (17.1%), Asia (1.6%), and others (3.6 %).
More information about the company
Purchase
Average recommendation
ACCUMULATE
Last Closing Course
278.6
SEK
Average course objective
292.6
SEK
Gap / Average Objective
+5.04%
Consensus
| Varia. Jan 1 | Capi. | |
|---|---|---|
| +11.87% | 18.57 billion | |
| +13.82% | 394 billion | |
| +17.11% | 141 billion | |
| +18.71% | 77.63 billion | |
| -6.91% | 69.73 billion | |
| -22.12% | 40.84 billion | |
| -16.07% | 34.6 billion | |
| +23.14% | 17.05 billion | |
| +9.23% | 12.91 billion | |
| +16.73% | 9.61 billion |
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