The Bank of Åland remains positive about the hygiene and health company Essity.

This is according to the bank in an analysis after Essity's capital market day, which supported the positive view. The financial targets were reiterated, but these are expected to be exceeded in the coming year.

"The valuation is attractive with a p/e of 13.9x for 2025 and an ev/ebit multiple of 11.5x. Our valuation model indicates a long-term value of around SEK 400/share based on long-term growth of 3 percent and an ebit margin of 13 percent. The dividend yield of 3.3 percent per year is complemented by buybacks of about 1.4 percent per year," it says.

The share rose 0.4 percent to SEK 306.