Tissue maker Essity’s profit just beats forecasts

2022.07.21 08:14

FILE PHOTO: Essity products are seen on display in Stockholm, Sweden May 23, 2019. REUTERS/Anna Ringstrom

STOCKHOLM (Reuters) – Hygiene products group Essity posted on Thursday a second-quarter profit slightly above market expectations and said further price increases would be carried out in the second half of 2022.

Adjusted earnings before interest, tax and amortisation (EBITA) at the world’s second-biggest maker of consumer tissue fell to 3.16 billion Swedish crowns ($309.8 million) from 3.41 billion a year earlier, compared to mean expectations of 3.02 billion, according to Refinitiv data.

($1 = 10.2014 Swedish crowns)

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