22nd Mar 2024
Swedish hygiene and health company Essity agrees to sell its 51.59 per cent stake in Vinda to Isola Castle Ltd, owned by APRIL, for HKD 23.50 per share, totalling approximately HKD 28.3bn ($3.62 bn). The move aligns with Essity's strategy to focus on higher-margin categories. Despite divestment, Essity will continue business with Vinda under...
14th Mar 2024
Global hygiene and health company Essity has received Supplier Engagement Leader recognition from CDP for the fifth consecutive year, highlighting its sustainability leadership. The award acknowledges Essity's efforts in collaborating with suppliers to reduce Scope 3 emissions, including purchased goods, services, transportation, and waste.
19th Jan 2024
Essity, a hygiene and health company, has been recognised as one of the world's most sustainable companies by Corporate Knights. The Global 100 list, representing the top 1 per cent globally, was announced at the World Economic Forum. Essity's inclusion reflects its commitment to responsible business practices, impacting over a billion people daily.
27th Dec 2023
Sweden-based Transforming Textiles AB, spearheaded by Sara Rosberg, has launched Sense-Tex, a fabric that combines style, smart technology, and sustainability. With its unique 5-fibre yarn-thread composition, including two conductors and three natural fibres, Sense-Tex integrates sensor connectivity, promising new tech applications in fashion.
23rd Dec 2023
Billerud has appointed Andrei Kres as its new chief financial officer (CFO). With a decade-long tenure at Billerud, Kres has held various roles, including head of group treasury and vice president of group finance. Having served as acting CFO since August 2023, Kres brings a strong financial background and valuable company experience to the role.
14th Dec 2023
Hygiene company Essity, known for brands like Libresse and Bodyform, has received the EU Product Safety Award 2023 silver for its period pants designed for teens. The award recognises Essity's commitment to consumer safety beyond legal requirements. These pants undergo extensive chemical evaluation and testing to ensure safety without compromising...
1st Dec 2023
Polygiene launched the Polygiene ShedGuard innovation project at the ISPO trade show, aiming to minimise microfibre loss and improve fabric wear resistance during washing. ShedGuard, currently in the final stages of development, involves a unique blend of polymers forming a film around fibre bundles to reduce microfiber loss by up to 70 per cent.
30th Oct 2023
In Q3 FY23, Swedish firm Essity saw a net sales increase of 16.1 per cent to SEK 130,372 million. Operating profit surged by 74 per cent and adjusted EBITA by 60 per cent, enhancing margins to 11 per cent. Profit for the period and operating cash flow also experienced significant uplifts, growing by 81 per cent and 75 per cent, respectively.
21st Jul 2023
Swedish company Essity reported a 20.2 per cent surge in net sales to SEK 86,856 million in H1 FY23. The company’s EBITA increased by 101 per cent to SEK 8,660 million, and profits rose 139 per cent to SEK 5,254 million. Adjusted EBITA increased 51 per cent to SEK 9,059 million in H1 FY23 and adjusted EPS increased 46 per cent to SEK 8.31.