Salute e Benessere
Essity: Interim Report, Quarter 2, 2024
All categories reported higher volumes, excluding the restructuring in Professional Hygiene, and in several categories we outperformed the market in terms of growth. The quarter shows the results of our greater emphasis on profitable volume growth based on attractive product offerings, increased investments in sales and marketing, and cost savings.
All business areas reported a higher EBITA margin. We maintained strong price discipline, and there was hence a further widening of the gap between our sales prices and costs. The product mix also developed positively, particularly in Professional Hygiene where sales of premium products increased. Cost savings remained high in the quarter, with contributions from the entire value chain.
The new financial targets we presented during the quarter raised our level of ambition even further. Our aim is to grow organically by more than 3% per year and have a margin of above 15%. We have also initiated a share buyback program financed by the strong cash flow generated by operations. The ambition is to continue the share buybacks as a recurring part of Essity's capital allocation.
We put another strong quarter behind us in which all business areas contributed to profitable growth and to a continued healthy cash flow. Favorable long-term market trends combined with Essity's successful innovations, strong brands and efficiency efforts provide us with a platform to continue to increase the company's value creation going forward.
Magnus Groth , President and CEO
President and CEO Magnus Groth and Executive Vice President and CFO Fredrik Rystedt will present the interim report at a live webcast and teleconference at 09:00 CET on July 18, 2024 .
Link to the live presentation, which can also be viewed afterwards: https://essity.videosync.fi/2024-07-18-q2
Contact information for conference call with the possibility to ask questions:
UK: +44 (0) 33 0551 02 00
USA : +1 786 697 35 01
SWE: +46 (0) 8 505 204 24
Please call in well in advance of the start of the presentation. Indicate: "Essity".
The presentation will also be broadcast live on LinkedIn.
Fredrik Rystedt , Executive Vice President and CFO, Tel: +46 (0) 8 788 51 31
Sandra Åberg, Vice President Investor Relations, Tel: +46 (0) 70 564 96 89
Per Lorentz , Vice President Corporate Communications, Tel: +46 (0) 73 313 30 55
This information is such information that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation and the Swedish Securities Markets Act. This report has been prepared in both Swedish and English versions. In case of variations in the content between the two versions, the Swedish version shall govern. The information was submitted for publication, through the agency of Karl Stoltz , Media Relations Director, at 07:00 CET on July 18, 2024 .
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