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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Interim Q1 2021 Essity AB (publ) Earnings Call Transcript

Apr 23, 2021 / 07:00AM GMT
Release Date Price: $32.45
Magnus Groth;publ;President
Essity AB;CEO & Director

()- -

Okay. Good morning, and welcome to this webcast of Essity's quarter 1 financials. And during this meeting, I will also give more information on the Manufacturing Roadmap, and I will be joined by my colleague, Pablo Fuentes, to give more information on the strategic acquisition of Familia in Latin America.

So with that, I think to start to say that we have spent this quarter positioning Essity for profitable growth. It's been a quarter where we had maybe a quarter ago expected a quicker opening up of markets and improving market conditions. And instead, we saw, especially in Europe, tougher restrictions and tougher lockdowns that continued for longer than we had anticipated.

Even so, we also see where things have started opening up, not least in China where we see business volumes that are not only much higher than last year but also even higher than in 2019. So business returning very much to normal. And we've also noted now at the beginning of the second quarter an improving market

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