The earnings call highlighted Essity's strong financial performance in 2024, particularly in achieving record operating profit and strong segment performance in Health & Medical. However, the company faced challenges with currency exchange impacts and lower margins in Consumer Goods. While the highlights are notable, the significant impact of currency and cost pressures balances the sentiment.
Company Guidance
During the Q4 2024 earnings call for Essity B.ST, the executives provided comprehensive guidance, highlighting key financial metrics and future priorities. Essity reported SEK 146 billion in sales with a record operating profit exceeding SEK 20 billion, marking a 14% EBITA margin and a 17.6% return on capital employed. They announced a proposed dividend increase to SEK 8.25, reflecting strong performance with a 10% rise in earnings per share. Despite challenges, such as the appreciation of the dollar impacting Consumer Tissue margins, the company experienced robust growth in Health & Medical with a 21% EBITA increase. For 2025, Essity aims to accelerate profitable growth by focusing on high-yielding segments and operational efficiencies, underpinned by strong demand and market share improvements. Additionally, Essity plans to continue its share buyback program and maintain a strong balance sheet with a leverage ratio of 1.2.
Record Operating Profit
Essity achieved a record operating profit for 2024, surpassing SEK 20 billion for the first time.
Dividend Increase
Proposed dividend of SEK 8.25, an increase of SEK 0.50 or 6.5%.
Strong Performance in Health & Medical
Health & Medical segment reported a 21% increase in EBITA with a margin of 18.3%.
Improved Market Shares
Essity reported increasing market shares in over 40% of market category combinations.
Sustainability Progress
Reduction in greenhouse gas emissions by 27% compared to the base year 2016.
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Essity AB (ETTYF) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ETTYF Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jan 23, 2025
$27.25
$25.34
-7.01%
Oct 24, 2024
$27.40
$29.30
+6.93%
Jul 18, 2024
$28.15
$28.10
-0.18%
Apr 25, 2024
$24.30
$24.25
-0.21%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Essity AB Class B (ETTYF) report earnings?
Essity AB Class B (ETTYF) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Essity AB Class B (ETTYF) earnings time?
Essity AB Class B (ETTYF) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.