27th Apr 2024
Swedish company Essity's Q1 FY24 saw a net sales decrease of 4.1 per cent to SEK 34.85 billion (approximately $3.2 billion). Despite this, EBITA rose by 4 per cent to SEK 4.52 billion, and EBITA excluding IAC increased by 14 per cent to SEK 4.88 billion. Operating cash flow surged 48 per cent to SEK 4.25 billion. Profit soared to SEK 11.49...
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...
2nd Mar 2024
Essity reported a 6.7 per cent rise in FY23 net sales, reaching SEK 147 billion, with adjusted EBITA surging 57 per cent to SEK 18.9 billion. The health and medical segment saw a 12.2 per cent sales jump to SEK 27,729 million. Consumer goods rose 10.6 per cent to SEK 79,912 million, while professional hygiene sales rose 14.8 per cent to SEK 39,481...
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.