Essity Reports Fourth Quarter 2021 Financial Results – Nonwovens Industry Magazine

Essity’s net sales for the full year 2021 increased by 0.1% compared to the corresponding period a year ago to reach SEK 121.9 billion (EUR 13.1 billion). dollars). Sales growth, including organic sales growth and acquisitions, was 4.5%. Organic sales growth, which excludes currency effects, acquisitions and disposals, was 3.3%, of which volume represented 1.8% and price/mix 1.5%. All business segments recorded organic sales growth. Sales were negatively impacted by the Covid-19 pandemic and the associated lockdowns and restrictions, mainly within Professional Hygiene. Organic sales growth in mature markets was 0.0% and in emerging markets 8.8%. Emerging markets represented 38% of net sales. Currency effects reduced revenue by 3.6%. The acquisition of Asaleo Care increased sales by 1.2%. Disposals and deconsolidations reduced sales by 0.8%. Organic sales growth amounted to 1.3% compared to 2019.

In the personal care segment, 2021 net sales increased 1.2% to SEK 46.6 billion ($5 billion). Organic sales growth amounted to 5%, of which volume represented 2.7% and price/mix 2.3%. Organic sales growth was 2.8% in mature markets. In emerging markets, which represent 35% of net sales, organic sales growth was 9%. Currency effects reduced sales by 4.2%. The acquisition of Asaleo Care increased sales by 1.4%. Divestments reduced net sales by 1%.

For incontinence products, organic sales growth was 3.5%. In Medical Solutions, organic sales growth was 10.8%. For Childcare, organic sales growth was -0.6%. For Feminine Skincare, organic sales growth was 10%.

In the fourth quarter of 2021, net sales increased by 10.6% compared to the corresponding period a year ago to reach SEK 34.2 billion ($3.7 billion). Sales growth, including organic sales growth and acquisitions, was 10.3%. Organic sales growth, which excludes currency effects, acquisitions and disposals, amounted to 8%, of which the volume represents 3.4% and the price/mix 4.6%. All business segments recorded strong organic sales growth. Organic sales growth was 6.5% in mature markets and 10.4% in emerging markets. Emerging markets represented 39% of net sales. Currency effects increased net sales by 1%. The acquisition of Asaleo Care increased sales by 2.3%. Disposals and deconsolidations reduced sales by 0.7%. Organic sales growth amounted to 7.5% compared to the fourth quarter of 2019.

In the fourth quarter, net sales of personal care products increased 8.1% to SEK 12.6 billion ($1.4 billion). Organic sales growth was 6.5%, of which volume represented 2.6% and price/mix 3.9%. Organic sales growth in mature markets amounted to 4%. In emerging markets, which accounted for 35% of net sales, organic sales growth was 11.2%. Currency effects increased net sales by 0.1%. The acquisition of Asaleo Care increased sales by 2.3%. Divestments reduced sales by 0.8%.

For incontinence products, organic sales growth was 6.3%. The increase is attributable to Europe, North America and emerging markets. In Medical Solutions, organic sales growth was 7.1% and all product categories showed good sales growth. For Childcare, organic sales growth was -1.3%. The decline is mainly linked to Asia. Sales increased in Latin America and Europe. For Feminine Skincare, organic sales growth was 15.3% linked to Europe, Latin America and Asia.