Essity's first-quarter results miss expectations (updated)

Essity AB (publ)

24/04/2025 06:12

Corrects EBITA number to 4.71 billion Swedish crowns in paragraph 2 from 4.71 million Swedish crowns

April 24 (Reuters) - Swedish hygiene products maker Essity ESSITYa.ST reported first-quarter earnings slightly below market expectations on Thursday, due to the higher cost of goods sold.

Essity's adjusted operating profit before amortisation (EBITA) fell to 4.71 billion Swedish crowns ($486.6 million) from nearly 4.88 billion crowns a year earlier, slightly missing the 4.8 billion crowns expected by analysts polled by LSEG.

Adjusted EBITA margin increased to 13.5% from 13.1% in the fourth quarter of 2024.

"In Health & Medical and Consumer Goods, volumes were higher, while volumes were lower in Professional Hygiene, mainly due to lower demand in North America," CEO Magnus Groth said in the earnings report.

($1 = 9.6837 Swedish crowns)

($1 = 9.6791 Swedish crowns)

 (Reporting by Vera Dvorakova; Editing by Mrigank Dhaniwala)

 ((vera.dvorakova@thomsonreuters.com))