- Reuters
UPDATE 3-Hygiene product maker Essity's Q1 profit beats expectations
Sweden's Essity reported first-quarter core earnings above expectations on Thursday as the hygiene product maker continued to focus on boosting its volumes and market share. Its adjusted quarterly earnings before interest, tax and amortisation (EBITA) rose 12% from a year earlier to 4.9 billion Swedish crowns ($450.86 million), surpassing the 4.45 billion crowns expected by analysts polled by LSEG. "Our focus as we move forward remains on growing volume and gaining market share with good profitability," Chief Executive Magnus Groth said in a statement.
