Essity's sales fall, raises dividend

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Essity's sales fall, raises dividend
Photo: Claudio Bresciani/TT

Tissue manufacturer Essity's net sales fell 8 percent to SEK 34.7 billion in the fourth quarter, compared with SEK 37.8 billion in the same quarter a year earlier.

Analysts expected net sales of SEK 35.1 billion on average, according to a Bloomberg survey. The adjusted profit came in at SEK 5.1 billion, which was slightly above analysts' expectations.

The board of directors proposes a 6 percent increase in the dividend to SEK 8.75 per share.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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