Asaleo Care Limited Reports Preliminary Earnings Results for the First Six Months Ended June 30, 2018; Revises Earnings Guidance for the Financial Year Ending 31 December 2018
The company revised earnings guidance for the year 2018. The company revised Underlying EBITDA range from $113 million to $119 million to a range of $80 million to $85 million. Primary drivers for change to fiscal year 2018 Guidance is Sustained higher pulp costs; Consumer Tissue pricing and lower sales volume; Competition in Feminine Care and Baby Care markets; and Professional Hygiene and Incontinence Care are performing in line with previous expectations. The company expects new product development initiatives to support market share in fiscal year 2018 and beyond.