Essity: Interim Report, Quarter 3, 2024

Essity: Interim Report, Quarter 3, 2024

Benzinga
October 24, 2024

STOCKHOLM, Oct. 24, 2024 /PRNewswire/ --

Quarter 3, 2024 - Profitable growth and higher market shares

Net sales decreased 2.2% to SEK 36,274m (37,092)

Organic growth amounted to 1.9%, of which volume accounted for 2.0% and price/mix -0.1%. Excluding restructuring, organic growth increased 3.4%.

EBITA increased 47% to SEK 5,130m (3,497)

EBITA excl. IAC decreased 1% to SEK 5,097m (5,147). Excluding currency translation effects, EBITA excl. IAC increased 6%.

EBITA margin excl. IAC increased 0.2 percentage points to 14.1% (13.9).

ROCE increased to 17.8% (11.7) and ROCE excl. IAC increased 0.5 percentage points to 17.7% (17.2).

Operating cash flow increased 7% to SEK 6,453m (6,054)

Profit for the period, total operations, amounted to SEK 3,329m (1,651)

Earnings per share, continuing operations, increased to SEK 4.73 (2.20). Earnings per share, total operations, increased to SEK 4.73 (2.26).

CEO'S COMMENTS

The third quarter was characterized by strong earnings with profitable growth and record-high cash flow. Our focus on growth resulted in higher volumes and increased market shares all over the world.

Volume growth and higher market shares

Every day Essity cares for the hygiene and health of a billion people across 150 countries. Our solutions are needed regardless of the economic situation and we are working to constantly increase the value of customer and consumer offerings. Although the global economy remains challenging, we have higher volumes in all categories, excluding restructuring.

Growth was strong in Health & Medical, especially in Europe and Latin America. Our TENA Pants in Incontinence Products Health Care continued to drive both volume and ...

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