Essity to Raise Prices as Energy Costs Climb
The hygiene products maker reported first-quarter earnings of 4.6 billion crowns. CEO Ulrika Kolsrud confirmed price increases are planned to counter rising fuel costs.
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Essity reported Q1 adjusted EBITA of 4.6B Swedish crowns ($498M), beating analyst forecasts despite a 2% year-on-year decline. The Sweden based hygiene producer will raise prices to offset rising energy costs linked to Middle East supply disruptions. Investors are weighing these hikes against a new 3B crown share buyback and 800 planned job cuts.
