Higher Sales and Earnings for Essity During the First Quarter of 2020
SVENSKA CELLULOSA B (SVCBY)
NASDAQ:AMEX Investor Relations:
sca.com/en/contact-groups-sca/investor-relations
Company Research
Source: PR Newswire
STOCKHOLM, April 14, 2020 /PRNewswire/ -- On account of the substantial increase in net sales and earnings for the first quarter of 2020 compared with the corresponding period a year ago, Essity is today publishing its preliminary result for the first quarter of 2020. The strong development is partially a consequence of the COVID-19 pandemic. The Group's net sales amounted to SEK 33,712m and organic net sales increased 7.8% in the first quarter of 2020 compared with the corresponding period a year ago. Adjusted EBITA1) increased 67% to SEK 5,333m. The Group's net sales increased 10.0% in the first quarter of the 2020 compared with the corresponding period a year ago and amounted to SEK 33,712m (30,656). Organic net sales, which exclude exchange rate effects, acquisitions and divestments, increased 7.8%, of which volume accounted for 5.9% and price/mix for 1.9%. Adjusted operating profit before amortization of acquisition-related intangible assets (adjusted EBITA)1) increased 67% to SE
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