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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Essity AB    ESSITY B   SE0009922164

ESSITY AB

(ESSITY B)
  Report
Delayed Quote. Delayed NASDAQ OMX STOCKHOLM - 12/04 11:29:58 am
260.7 SEK   -1.62%
12/04ESSITY : contributes to increased handwashing awareness
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11/30ESSITY : Conversion of shares
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Essity : boosts hand sanitizer capacity in Europe

10/14/2020 | 02:01am EST

Hygiene and health company Essity has secured additional capacity to meet the increased demand for Tork®-branded hand sanitizers. The Group will increase its supply capacity of hand sanitizer in Europe as of the fourth quarter of 2020. The increased capacity enables continued high growth of the existing range but also new product launches.

 Research among 10.000 consumers in ten countries, conducted on behalf of Essity in July 2020, shows that hand hygiene is now an integral part of everyday routines and that 74% of people now consider hand hygiene to be more a part of their overall health routine than before the pandemic. The same research shows that 69% of respondents now find hand sanitizers a good complement to washing hands. This is a clear sign that hand sanitizers will play an important role in hand hygiene routines.

One impact of the COVID-19 pandemic has been a greater focus on hand hygiene as a way to stem the spread of the virus. Essity's Professional Hygiene business, under the leading global brand Tork®, has seen a steep increase in demand for hand sanitizers in response to new hygiene regulations or customers' desire to provide an additional layer of safety where water and soap are not available.

By increasing sanitizer capacity, businesses and their employees and customers can offer consistent and reliable access to hand-hygiene products when handwashing is not readily available.

"Essity's professional hygiene business is committed to delivering a full range of high quality and fully-certified hand sanitizer products. This added capacity enables the Tork brand to help our customers secure the new hygiene standard, keeping their businesses running." says Don Lewis, President Professional Hygiene at Essity. 

Essity has published educational materials on its Tork website that outlines the correct use of hand sanitizers here (https://www.torkusa.com/torkcampaigns/corona-virus/hand-hygiene).  

 

About the Essentials Initiative Survey 2020-2021 

In this global web survey, conducted biennially, we gather insights from the general public by questioning about 15,000 respondents aged 16-85 years in 15 countries. This study highlights attitudes, behaviors and mindsets around a broad range of hygiene and health areas. The field research was carried out from December 2019 to January 2020 and was complemented in July 2020 with an in-depth look into hygiene and health issues relating to the coronavirus pandemic by surveying over 10,000 respondents in ten countries. Find the survey results here (http://reports.essity.com/2020-21/essentials-initiative-survey/).
 

For further information, please contact:

Karl Stoltz, Media Relations Manager, +46 8 788 51 55

Essity is a leading global hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as JOBST, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 46,000 employees. Net sales in 2019 amounted to approximately SEK 129bn (EUR 12.2bn). The company's headquarters is located in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society. More information at www.essity.com.

https://news.cision.com/essity/r/essity-boosts-hand-sanitizer-capacity-in-europe,c3215370

https://mb.cision.com/Main/15798/3215370/1318550.pdf

(c) 2020 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
ESSITY AB -1.62% 260.7 Delayed Quote.-13.62%
SVENSKA CELLULOSA -1.60% 135.45 Delayed Quote.42.58%
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Financials
Sales 2020 122 B 14 483 M 14 483 M
Net income 2020 10 588 M 1 252 M 1 252 M
Net Debt 2020 40 741 M 4 820 M 4 820 M
P/E ratio 2020 17,4x
Yield 2020 2,63%
Capitalization 183 B 21 671 M 21 666 M
EV / Sales 2020 1,83x
EV / Sales 2021 1,73x
Nbr of Employees 46 000
Free-Float 93,9%
Chart ESSITY AB
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Essity AB Technical Analysis Chart | MarketScreener
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Technical analysis trends ESSITY AB
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 319,38 SEK
Last Close Price 260,70 SEK
Spread / Highest target 46,9%
Spread / Average Target 22,5%
Spread / Lowest Target -2,19%
EPS Revisions
Managers
NameTitle
Carl Magnus Groth President, Chief Executive Officer & Director
Pär Boman Chairman
Robert Sjöström President-Global Operational Services
Fredrik Rystedt CFO, Executive VP & Head-Group Function Finance
Annemarie Gardshol Independent Director
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