Essity has exited the Russian market

"Ever since the start of Russia's war against Ukraine, we have been fully focused on exiting Russia. Today, we have completed the divestment of our business following a long and complex process," says Magnus Groth, President and CEO of Essity. "Ever since the start ofRussia'swar againstUkraine, we have been fully focused on exitingRussia. Today, we have completed the divestment of our business following a long and complex process," saysMagnus Groth, President and CEO of Essity...

"Ever since the start of Russia's war against Ukraine, we have been fully focused on exiting Russia. Today, we have completed the divestment of our business following a long and complex process," says Magnus Groth, President and CEO of Essity.

In 2022, Essity's net sales in Russia corresponded to about 2% of its total consolidated net sales. 

The buyer is the company New Technologies LLC, with the principal owner Igor Shilov. The earnings impact, including accumulated currency translation differences, amounts to approximately SEK -0.5bn and will be reported as an item affecting comparability in the third quarter of 2023.  

For further information, please contact:
Per Lorentz, Vice President Corporate Communications, +46 733 13 30 55, per.lorentz@essity.com
Johan Karlsson, Vice President Investor Relations, +46 705 11 15 81, johan.ir.karlsson@essity.com

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