Essity AB (OTCPK:ETTYF)
$ 27.08 0 (0%) Market Cap: 18.52 Bil Enterprise Value: 23.34 Bil PE Ratio: 10.64 PB Ratio: 2.38 GF Score: 81/100
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Q1 2019 Essity AB (publ) Earnings Call Transcript

Apr 25, 2019 / 07:00AM GMT
Release Date Price: $28.62
Josephine Edwall;BjÃ;rklund;publ;SVP of Group Function Communications
Essity AB

¶ - ()-

Hello, and welcome to Essity's Q1 interim report for 2019. I'm Josephine Edwall, Head of Communications. And today, our CEO, Magnus Groth, will go through the highlights in the report, followed by a Q&A session when our CFO, Fredrik Rystedt, will join on the stage.

So with this, I had over to you, Magus.

Magnus Groth;publ;President
Essity AB;CEO & Director

()- -

Good morning, everyone. And to summarize the first quarter, we had a good start of the year. We had strong organic net sales with higher prices, better mix and higher volumes in all our 3 business areas, and organic sales growth of 4.3%. We continued to see strong contributions from cost savings. However, we have to remember even though we're now in a new year, we have still have considerable headwinds from raw materials and energy in the quarter, adding up to 350 basis points in the first quarter.

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