February 22, 2018 / 9:06 AM / 8 months ago

BRIEF-Essity To Strengthen The Professional Hygiene Business In Europe

Feb 22 (Reuters) - Essity Ab (Publ):

* ESSITY TO STRENGTHEN THE PROFESSIONAL HYGIENE BUSINESS IN EUROPE

* ‍TO INVEST IN CREATING A CENTER FOR NAPKIN PRODUCTION IN EXISTING PRODUCTION FACILITY IN ALTOPASCIO​

* RESTRUCTURING MEASURES INCLUDE CLOSURE OF A CONVERTING PRODUCTION FACILITY IN HLOHOVEC, SLOVAKIA, IN 2020

* ‍INVESTMENT IN ALTOPASCIO WILL LEAD TO RESTRUCTURING MEASURES AT MULTIPLE PRODUCTION FACILITIES ACROSS EUROPE​

* ‍HAS DECIDED TO INVEST IN CREATING A CENTER FOR NAPKIN PRODUCTION IN EXISTING PRODUCTION FACILITY IN ALTOPASCIO, ITALY​

* ‍RESTRUCTURING MEASURES INCLUDE CLOSURE OF A CONVERTING PRODUCTION FACILITY IN HLOHOVEC, SLOVAKIA, IN 2020.​

* ‍TOTAL INVESTMENTS WILL AMOUNT TO APPROXIMATELY SEK 590M​

* ‍RESTRUCTURING COSTS WILL AMOUNT TO APPROXIMATELY SEK 580M​

* APPROXIMATELY SEK 410M OF THESE COSTS ARE EXPECTED TO IMPACT CASH FLOW.

* ‍COSTS WILL BE RECOGNIZED AS AN ITEM AFFECTING COMPARABILITY​

* ‍SEK 350M ARE EXPECTED TO IMPACT Q1 OF 2018 AND REMAINING COSTS ARE EXPECTED TO IMPACT Q2 OF 2018​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below