Cost Pressure Weighs on Asaleo's Earnings, While Balance Sheet Pressure See Dividends Suspended
Fiscal 2018 is shaping up to be a challenging year for Asaleo Care, with interim net profit tumbling by almost 40% to AUD 18 million. While the result is soft, at the current pace, the firm is tracking broadly in line with guidance and our full-year expectations. The primary headwinds the company is facing are the higher pulp and energy costs (two of its major expense lines), along with market share losses in feminine care, baby care, and consumer tissue. While Asaleo achieved price increases, p...Asaleo Care is a personal care and hygiene company. Co. is engaged in manufacturing, marketing, distributing and selling of everyday consumer products across the Feminine Care, Incontinence Care, Baby Care, Consumer Tissue and Professional Hygiene product categories. Co. has two reporting segments: Tissue, which manufactures and markets personal toilet tissue, paper towel, facial tissue, napkins and other tableware products within Australia, New Zealand and Pacific Islands; and Personal Care, which manufactures and markets personal hygiene products and nappies within Australia and New Zealand.
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