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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 - 11/25 11:29:47 am
269.8 SEK   +3.73%
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10/30ESSITY : Conversion of shares
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Essity : divests partly owned company in Tunisia

10/21/2020 | 09:01am EST

Hygiene and health company Essity divests its 49% stake in Sancella Tunisia to the other owner Sotupa. Sancella Tunisia offers a range of Essity's products and brands in Tunisia, Algeria, Morocco, and Libya. Essity will retain a presence on these markets through license and distribution agreements.

In 2019, Sancella Tunisia reported net sales of SEK 575m (TND 154m). The divestment is expected to give rise to a gain of approximately SEK 25m, which will be recognized as an item affecting comparability when the transaction is completed.

The transaction is subject to approval by Tunisian authorities and is expected to be completed during Q4 2020.

For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 8 788 52 51, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30, johan.ir.karlsson@essity.com

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-divests-partly-owned-company-in-tunisia,c3220125

https://mb.cision.com/Main/15798/3220125/1322035.pdf

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

Stocks mentioned in the article
ChangeLast1st jan.
ESSITY AB 3.73% 269.8 Delayed Quote.-10.60%
SVENSKA CELLULOSA -1.16% 136.1 Delayed Quote.43.26%
All news about ESSITY AB
11/16ESSITY : launches Hygiene and Health Report at United Nations Foundation 2020 Gl..
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11/14ESSITY : included in Dow Jones Sustainability Index
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10/30ESSITY : Conversion of shares
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10/28ESSITY : Bulletin from the Extraordinary General Meeting of Essity
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More news
Financials
Sales 2020 122 B 14 410 M 14 410 M
Net income 2020 10 588 M 1 246 M 1 246 M
Net Debt 2020 40 740 M 4 795 M 4 795 M
P/E ratio 2020 18,0x
Yield 2020 2,54%
Capitalization 190 B 22 255 M 22 311 M
EV / Sales 2020 1,88x
EV / Sales 2021 1,78x
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
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 16
Average target price 320,31 SEK
Last Close Price 269,80 SEK
Spread / Highest target 42,0%
Spread / Average Target 18,7%
Spread / Lowest Target -1,78%
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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