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Essity AB (publ) (ESSITYb.ST)

ESSITYb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Essity To Strengthen The Professional Hygiene Business In Europe
Thursday, 22 Feb 2018 04:00am EST 

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​.  Full Article

Essity CFO: Personal Care impacted by lower prices also in Q4
Thursday, 26 Oct 2017 05:17am EDT 

Oct 26 (Reuters) - Essity CEO Magnus Groth, CFO Fredrik Rystedt to analysts and media in a conference call:Essity ceo says we are initiating price increases in consumer tissue, this will not benefit q4 or q1 but the latter part of 2018.Essity cfo says personal care will see impact also in q4 from this year's price declines.Essity cfo says judgment is that raw material costs will be significantly higher in q4 versus year-ago quarter.Essity cfo says sees fy 2017 capital expenditure at roughly 6.5 billion sek.  Full Article

Essity Jan-Sept ‍adjusted EBITA slightly above expectations
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - Essity Ab (Publ) :Essity ab (publ) 9m ‍adjusted operating profit before amortization of acquisition-related intangible assets (ebita) rose 11% to sek 9,786m​.9 m ‍net sales increased 8.2% to sek 80,601m (74,466)​.Essity ab (publ) q3 ‍organic sales increased by 1.8%, of which volume accounted for 2.2% and price/mix for -0.4%​.Reuters poll: essity jan-sept adjusted ebita seen at 9.69 billion sek, sales at 81.1 billion.  Full Article

Essity CEO sees significantly higher raw material costs Q3
Tuesday, 18 Jul 2017 08:04am EDT 

July 18 (Reuters) - Essity Ab (Publ) MAgnus Groth in conference call for analysts and media::* says sees significantly higher raw material costs in q3, will be difficult to mitigate.  Full Article

Essity H1 adjusted EBITA tops consensus, organic sales nearly unchanged
Tuesday, 18 Jul 2017 06:00am EDT 

July 18 (Reuters) - Essity Ab (Publ) :Jan-June organic sales, excluding exchange rate effects, acquisitions and divestments, increased 0.4%.Jan-June adjusted operating profit before amortization of acquisition-related intangible assets (ebita) rose 12% to sek 6,354m (5,683).Reuters poll: essity jan-june adjusted ebitda seen at sek 6.18 billion, sales at sek 53.2 billion.Essity ab (publ) says company has discontinued certain underperforming market positions and contracts with unsatisfactory profitability.Q2 adjusted EBITA 3.44 bln SEK vs consensus 3.27 bln .Q2 organic sales declined by 0.1%. .  Full Article

Essity intends to appeal decision in tax case
Friday, 16 Jun 2017 05:46am EDT 

June 16 (Reuters) - ESSITY AB (PUBL) ::DECISION IN TAX CASE.SAYS ADMINISTRATIVE COURT OF APPEAL IN STOCKHOLM ANNOUNCED ITS DECISION TODAY IN COMPANY'S CASE WITH SWEDISH TAX AGENCY REGARDING AGENCY'S DECISION TO IMPOSE ADDITIONAL TAXES AND TAX SURCHARGES FOR YEARS 2008 TO 2012 OF APPROXIMATELY SEK 1.2BN.SAYS HAS ALREADY RECOGNIZED A PROVISION AND THEREAFTER PAID DISPUTED AMOUNT..SAYS ACCORDINGLY, DECISION OF ADMINISTRATIVE COURT OF APPEAL WILL HAVE NO IMPACT ON ESSITY'S EARNINGS OR CASH FLOW FOR 2017..ESSITY INTENDS TO APPEAL DECISION BY APPLYING FOR LEAVE TO APPEAL TO SUPREME ADMINISTRATIVE COURT..SAYS ESSITY INTENDS TO APPEAL DECISION BY APPLYING FOR LEAVE TO APPEAL TO SUPREME ADMINISTRATIVE COURT.RULING OF ADMINISTRATIVE COURT OF APPEAL ENTAILS THAT DECISION OF SWEDISH TAX AGENCY WILL STAND..  Full Article