Essity's Q1 operating profit lags expectations

STOCKHOLM (Reuters) - Hygiene products group Essity reported on Friday a slightly bigger drop than expected in first-quarter operating profit and said it expected COVID-19 vaccine programmes to boost demand for many of its product categories.

Operating earnings fell 32% from a year earlier to 3.48 billion crowns ($413.3 million). Analysts had on average predicted a profit of 3.64 billion crowns, according to Refinitiv data.

(Reporting by Anna Ringstrom, editing by Helena Soderpalm)

04/23/2021 5:28

News, Photo and Web Search

Search News by Ticker