Essity announces price increases
Essity has announced price increases in its Consumer Tissue category due to rising raw material costs, effective in key markets.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Essity has announced price increases in its Consumer Tissue category due to rising raw material costs, effective in key markets. The average increase is in the mid-to-high single digits. Additionally, the company is planning price hikes in other product categories affected by these costs. This decision aligns with their commitment to maintaining profitability amidst challenging market conditions.
Positive
- None.
Negative
- Price increases may lead to decreased consumer demand.
- Rising raw material costs could squeeze margins further if not managed.
Details
News Market Reaction – ETTYF
The recorded move for ETTYF in the trading session of this news was +2.64%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
STOCKHOLM, April 7, 2021 /PRNewswire/ -- Hygiene and health company Essity is announcing price increases in Consumer Tissue as a result of higher raw material costs. The price increases are announced in Essity's key markets and the percentage increases are on average in the mid-to-high single digits.
In addition, Essity is preparing price increases in other product categories impacted by higher raw material costs.
NB:This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:50 CET on April 7, 2021.
Karl Stoltz, Media Relations Manager, +46 8 788 51 55
For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 8 788 52 51, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30, johan.ir.karlsson@essity.com
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https://news.cision.com/essity/r/essity-announces-price-increases,c3320141
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SOURCE Essity
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