Sweden's Essity, the world's second-biggest maker of consumer tissue, warned that bulk buying of toilet paper and other products which boosted its first-quarter profit could slow sales growth ahead. Read more:
) on Thursday warned that bulk buying of toilet paper and other products which boosted its first- quarter profit could slow sales growth ahead.
Organic sales grew 8% including a March jump of 20%, it said, but its shares were down 4% at 0800 GMT following its earnings statement and outlook. “Sales in future quarters will be adversely impacted by the stockpiling seen in March and sales in Professional Hygiene will also be negatively impacted by reduced travel, fewer restaurant visits and more people working from home,” it said on Thursday.
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