Brief: Essity Q3 Adj. EBITA SEK 5,097 Mln, Above Estimates

Essity AB (publ)

24/10/2024 06:11

Oct 24 (Reuters) - Essity AB (publ)  ESSITYa.ST :
    * Q3 NET SALES SEK 36,274 MILLION VERSUS IBES ESTIMATE OF SEK 36,662 MILLION
    * Q3 ADJUSTED EBITA SEK 5,097 MILLION VERSUS IBES ESTIMATE OF SEK 5,018
MILLION
    * ORGANIC GROWTH AMOUNTED TO 1.9%, OF WHICH VOLUME ACCOUNTED FOR 2.0% AND 
PRICE/MIX -0.1%. EXCLUDING RESTRUCTURING, ORGANIC GROWTH INCREASED 3.4%
    * EARNINGS PER SHARE, TOTAL OPERATIONS, INCREASED TO SEK 4.73
    * CONTINUED TO REALIZE COST SAVINGS THROUGH EFFICIENCY IMPROVEMENTS AND HAVE
SO
FAR THIS YEAR ACHIEVED OVER SEK 1BN IN SAVINGS
    * Q3 GROSS MARGIN INCREASED BY 4.2 PERCENTAGE POINTS TO 33.0%
    * HIGHER MARGIN WAS PRIMARILY RELATED TO HIGHER VOLUMES, A POSITIVE MIX AND
GOOD
PRICE DISCIPLINE COMBINED WITH LOWER COST OF GOODS SOLD
    * EBITA MARGIN EXCLUDING. IAC INCREASED 0.2 PERCENTAGE POINTS TO 14.1%

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Further company coverage:  ESSITYa.ST 

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