Lack of Competitive Advantages Drives Another Earnings Miss for Asaleo Care; FVE Cut by 4%
Asaleo Care has once again downgraded its earnings guidance, with continued weakness in feminine hygiene driven by aggressive competition. The company lacks an economic moat, which leaves it vulnerable to competitor discounting. This has been a major source of the company's woes during recent years. Net profit in fiscal 2017 is now expected to drop by around 10% to AUD 59 million-AUD 60 million. This is disappointing relative to the previous guidance of low-single-digit growth. We've reduced our...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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