sweden

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.

20th Jul 2023

Essity has completed the divestment of its business in Russia following its decision to exit the market. The company began the process in April 2022 and incurred an impairment of approximately SEK 1.7 billion. The net sales in Russia accounted for about 2 per cent of Essity's total consolidated net sales in 2022. The buyer is New Technologies,...

2nd May 2023

Essity, a global hygiene and health company, reported a net sales increase of 25.1 per cent to SEK 42,926 million ($4,936 million) in Q1 FY23. The sales growth was driven by an 18.6 per cent increase in price-mix and 1.2 per cent from acquisitions. Adjusted EBITA also increased to SEK 4,358 million, resulting in an adjusted EBITA margin of 10.2 per...

28th Apr 2023

Sweden-based hygiene and health company Essity has announced that it will begin a strategic review of its ownership of Asian hygiene firm Vinda International Holdings Ltd and the Consumer Tissue Private Label Europe business. The aim is to reduce Consumer Tissue’s share of the company's total sales, although no decisions have been made yet.

28th Mar 2023

The Finnish airlaid nonwoven producer SharpCell is launching a plastic-free and fossil-free airlaid material for premium napkins at the Tissue World trade fair in Düsseldorf. The material has been developed in collaboration with OrganoClick and is made using OrganoClick's biobased, plastic-free and home compostable binders called OC-BioBinder.

27th Mar 2023

Essity has partnered with Voith to develop a tissue-making process that reduces energy and CO2 emissions while cutting water consumption by up to 95 per cent. The process uses renewable hydrogen, and Essity aims to achieve net-zero emissions of GHGs by 2050. Essity plans to launch a pilot phase later this year before implementing the process...

11th Mar 2023

Hygiene and health company Essity has made another breakthrough on its journey towards net-zero emissions by 2050. In a recently concluded pilot, the Swedish company became the first company in the industry to produce tissue in a CO2 emission-free production process using renewable hydrogen at its production facility in Mainz-Kostheim, Germany.

23rd Feb 2023

Sweden’s hygiene and health company, Essity, has unveiled that Jessica Alm will join the executive management team in the role of chief communication officer. Alm will join from the industrial company, Sandvik, where she has served in various roles, the past ten of which as head of group communications and as a member of group executive management.

22nd Feb 2023

Metsa Tissue, part of Metsa group, has invested in a new tissue paper machine in its Mariestad mill in Sweden, as part of the recently announced tissue mill expansion and modernisation project. The investment implements the company’s Future Mill programme, aiming for world class environmental and operational performance in tissue production.