|Bid||258.00 x 0|
|Ask||258.50 x 0|
|Day's range||257.00 - 261.00|
|52-week range||214.00 - 309.00|
|Beta (5Y monthly)||0.17|
|PE ratio (TTM)||27.86|
|Forward dividend & yield||7.00 (2.72%)|
|Ex-dividend date||25 Mar 2022|
|1y target est||N/A|
STOCKHOLM (Reuters) -Swedish hygiene products group Essity said on Friday it would exit Russia after taking a write-down of 1.4 billion crowns ($147 million) on its assets in the country, as it posted lower first-quarter earnings. The world's second-biggest consumer tissue maker had said in March it would shut down all production and sales in Russia, where it had clocked sales worth 2.8 billion crowns last year, corresponding to about 2% of its total sales. "Essity's conditions to pursue business in Russia have worsened," Essity said in its earnings report, which was released earlier than originally scheduled on April 28.
STOCKHOLM (Reuters) -Hygiene products group Essity reported a bigger-than-expected drop in fourth-quarter profit on Wednesday and said it planned to further hike prices in the face of record high costs for raw material, energy and distribution. Operating profit at the world's second-biggest maker of consumer tissue fell 34% from a year earlier to 2.75 billion Swedish crowns ($297 million) despite an 11% rise in sales. The Swedish group, which sells consumer tissue such as toilet paper and napkins under a large number of brands including Lotus, Tempo and Vinda, announced plans to raise prices in all product categories and markets this year to compensate for the substantially higher costs.
Essity - whose products include toilet paper and paper handkerchiefs with brands such as Lotus, Edet, Tempo and Vinda - said an easing of pandemic restrictions and growing consumer awareness of the importance of hygiene helped boost profit. It reported an operating profit of 3.9 billion crowns ($451 million) for July-September, up from 3.8 billion crowns a year earlier.