Earlier periods of declining activity in the global economy have had a limited impact on the company. The Board of Directors' previous assessment of a dividend of SEK 6.25 per share remains. The Board of Directors' recommendation to postpone the dividend decision was made against this background.Karl Stoltz, Media Relations Manager, +46 8 788 51 55 Essity cited delivery reliability, successful product launches and strengthened presence in digital sales channels. The Board of Directors is therefore of the opinion that the company is well positioned for a possible global economic slowdown.
"Eventually, the COVID-19 pandemic may lead to increased demand for the company's leading hygiene and health products as a result of increased awareness of the importance of hygiene and health," Essity said. Se kursændringer, og følg værdien af din investering og find ud af, om du skal investere i Essity AB (publ) aktier. Earlier periods of declining activity in the global economy have had a limited impact on the company. Stock analysis for AstraZeneca PLC (AZN:Stockholm) including stock price, stock chart, company news, key statistics, fundamentals and company profile. "Eventually, the COVID-19 pandemic may lead to increased demand for the company's leading hygiene and health products as a result of increased awareness of the importance of hygiene and health," Essity said. Moreover, Essity has a robust financial position and a solid funding situation. Få dagens aktiekurs på ESSITY B aktier. Essity started a limited production of surgical face masks this year and said in April that it would install new machinery with capacity of up to 30 million masks a month.Groth told Reuters on Monday that he expects a broader commercial launch to consumers and businesses in the fourth quarter after the two new machines are installed. The final assessment on the size of the dividend will, however, be taken at a later date when the effects of the current COVID-19 pandemic are better understood.Essity had a very strong 2019 in terms of earnings and market development. It is the global leader in hygiene products for businesses under the Tork brand and in incontinence products with TENA.CEO Magnus Groth told analysts and media in a conference call that de-stocking would hit sales to businesses in the third quarter. Essity had a very strong 2019 in terms of earnings and market development. The recovery of consumer sales would depend on the pace at which economies reopen, he added. At March 31, 2020, net debt in relation to adjusted EBITDA was 2.09. The Meeting resolved in accordance with the Board of Director’s proposal to refrain from dividend for 2019. Industrivärden is a long-term asset manager and active owner in listed Nordic companies. The Board of Directors has announced that it intends to revisit the issue of a dividend later in the year once a better overview has been obtained regarding the effects of the Covid-19 epidemic. (Reporting by Anna Ringstrom; Editing by Sherry Jacob-Phillips and David Goodman) The rival to Procter & Gamble and Kimberly-Clark said it had increased market share in several markets across Asia, Europe and North America, primarily within consumer tissue but also in feminine care and professional hygiene. The rapid spread of COVID-19 and related current and any future countermeasures mean the level of uncertainty in future forecasts is much greater than normal. At the Annual General Meeting on April 2, 2020, the Board of Directors will propose that the Meeting postpones a decision regarding the dividend for 2019 until an Extraordinary General Meeting no later than November 2020. First-quarter profit had spiked 82%, helped by the bulk-buying. The Board of Directors is therefore of the opinion that the company is well positioned for a possible global economic slowdown. Resultat per aktie uppgick 2019 till 68,56 kr. Shares in the company were unchanged at 0900 GMT and are down 2% this year. Under 2019 förvärvades aktier för 1,6 mdkr i Volvo A, 0,5 mdkr i Sandvik, 0,4 mdkr i Skanska B, 0,3 mdkr i Essity B, 0,2 mdkr i SCA B och 0,2 mdkr i Handelsbanken A. Vidare avyttrades aktier för 0,3 mdkr i Essity A och 0,1 mdkr i SCA A. The rapid spread of COVID-19 pandemic and related countermeasures mean the level of uncertainty in future forecasts is much greater than normal. Moreover, Essity has a robust financial position and a solid funding situation. Essity had warned in April of slower sales ahead as distributors and households use up hoarded stocks of toilet paper and other products, with demand from businesses also slowing as people travel less and work more from home. Industrivärden at a glance; Get to know our portfolio companies Essity is the world's second-biggest maker of consumer tissue toilet paper and handkerchiefs with brands such as Lotus, Edet, Tempo and Vinda. "Sales were negatively affected by the COVID-19 pandemic and related lockdowns as well as inventory adjustments following the stockpiling that took place among consumers and distributors in March," it said in its second-quarter report.Though sales dropped to 28.4 billion crowns ($3.1 billion), operating profit grew slightly more than expected, rising 13% to 3.64 billion on the back of efficiency measures and lower pulp and energy costs. Aktie- och fondkonto Kapitalförsäkring ... Essity has a robust financial position and a solid funding situation. Essity cited delivery reliability, successful product launches and strengthened presence in digital sales channels.