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

Essity AB (publ) at UBS Global Consumer and Retail Conference Transcript

Mar 15, 2023 / NTS GMT
Release Date Price: $26.59 (+5.52%)
Charles Eden
UBS Investment Bank, Research Division - Director European Chemicals & Consumer

Okay. Perfect. In the interest of time, I think we will kick off. Good afternoon, everyone, and thank you for joining. Delighted to host Fredrik Rystedt, Chief Financial Officer of Essity here for this fireside chat.

In terms of format, I think we're just going to jump straight into Q&A. There is a functionality for you to share that with me on the iPad. I'll grab that before we kic off. So please do ask your questions there and I'll pose them on your behalf. So let me just grab that iPad and then we'll kick off.

Super. So Fredrik, one of your medium-term targets is for greater than 17% ROCE, which on my calculation implies about 13.5% EBITA margin, maybe a little bit above over the medium term. Can you, a, confirm whether that's the right way of thinking about it, and secondly, talk about the pathway, the drivers to achieving that target?

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