Tissue World Magazine

Essity has reported a year-on-year net sales increase of 9.4% to SEK 30,656m in its first quarter results.

Emerging markets accounted for 37% of net sales and here organic net sales increased 9.1%.

Operating profit before EBITA increased 9% to SEK 3,002m, while higher raw material and energy costs had a negative impact of SEK 1,017m on earnings.

Profit for the period increased 12% to SEK 1,929m.

Magnus Groth, president and chief executive, said: “We have continued our activities to increase profitability and implemented further efficiency improvements that have yielded significant costs savings.

“Our digital initiatives across all parts of the business have helped to enhance efficiency, quality and our offering to customers and consumers.

“In addition, we carried out price increases in all business areas.

“We continued to invest in our strong brands and launched innovations that have further reinforced our customer and consumer offering and improved the product mix.”