STOCKHOLM (dpa-AFX) - Essity AB (ESSITY-B.ST), a hygiene and health company, on Thursday reported a decline in first-quarter profit, as lower sales weighed on earnings.
EBITA fell to SEK 4.448 billion from SEK 4.718 billion, marking a 6% decline from the same period last year.
Net income decreased to SEK 2.901 billion, compared with SEK 3.083 billion previously, down 6% year on year. Earnings per share came in at SEK 4.23, versus SEK 4.43 a year earlier.
Net sales declined to SEK 33.177 billion from SEK 34.976 billion, representing a 5% decrease, while organic sales growth remained marginally positive at 0.4%.
Additionally, Essity, on April 22 announced plans to launch a new share buyback of up to SEK 3 billion of its Class B shares. The program is expected to start no earlier than May 11, 2026, and run until the 2027 Annual General Meeting at the latest.
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