Essity tweaks financial targets following Vinda divestment (updated)

Vinda International Holdings

17/06/2024 06:44

(Adds detail)
       STOCKHOLM, June 17 (Reuters) - Swedish hygiene products
maker Essity  ESSIYb.ST  published new financial targets on
Monday following the divestment of Chinese subsidiary Vinda.
    Essity said in a statement it now targets an operating
profit margin before amortisation (EBITA) and items affecting
comparability of more than 15%, on organic sales growth of more
than 3%.  
        It previously targeted an EBITA margin excluding
one-offs of around 13.5% and sales growth of more than 5%, of
which organic sales growth of more than 3%.
  

 (Reporting by Anna Ringstrom, editing by Terje Solsvik)
 ((anna.ringstrom@thomsonreuters.com;))