PR Newswire
STOCKHOLM, July 16, 2021
STOCKHOLM, July 16, 2021 /PRNewswire/ --
JANUARY 1 – JUNE 30, 2021
(compared with the corresponding period a year ago)
SUMMARY OF SECOND QUARTER OF 2021
Sales growth was strong in the second quarter and organic net sales rose 9.5% compared with the corresponding period a year ago, of which volume accounted for 9.9% and price/mix for -0.4%. There was a gradual increase in sales during the quarter as a result of more favorable market conditions and the continued growing awareness of the importance of hygiene and health. Organic net sales in mature markets increased 9.0%. In emerging markets, which accounted for 38% of net sales, organic net sales increased 9.1%.
Personal Care and Professional Hygiene noted highly favorable organic sales growth during the second quarter of 2021 compared with the second quarter of 2020. In Personal Care and Consumer Tissue, sales were at a higher level than in the second quarter of 2019. Medical Solutions demonstrated strong organic sales growth compared with the second quarter of 2020, and sales were also higher than in the second quarter of 2019 as a result of the positive performance in Wound Care.
During the second quarter Essity has:
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After the end of the second quarter:
The Group's adjusted gross margin for the second quarter of 2021 decreased by 1.8 percentage points year on year to 30.4%. The gross margin was positively impacted by higher volumes, an improved mix and cost savings. Higher raw material and energy costs reduced the margin by 1.9 percentage points. The gross margin was also negatively impacted by higher distribution costs and lower prices in Consumer Tissue. The lower prices were primarily the result of higher campaign activity compared with a low level in the preceding year as well as price adjustments in Europe in the second half of 2020. Announced and agreed price increases in Consumer Tissue in Europe had a certain effect at the end of the second quarter but the majority will be realized in the second half of 2021. The Group's adjusted EBITA margin decreased 1.5 percentage points to 11.8%. Sales costs increased in absolute terms but decreased as a share of net sales. Investments in growth increased marketing costs in absolute terms and as a percentage of net sales. Adjusted EBITA, excluding exchange rate effects, decreased 2%. Adjusted return on capital employed amounted to 12.4 percent and earnings per share were SEK 2.52.
INVITATION TO PRESENTATION OF THE HALF-YEAR REPORT FOR 2021
In conjunction with publication, a telephone and web presentation will be held where President and CEO Magnus Groth will present the report and answer questions.
Presentation
Date: Friday, July 16, 2021
Time: 9:00 a.m. CET
Link to web presentation: https://essity.videosync.fi/2021-07-16-q2
To participate by telephone, call: +44 (0)207 192 80 00, +1 631 510 74 95 or +46 (0)8 506 921 80. Please call well in advance of the start of the presentation. Specify "Essity" or conference ID no. 2896420.
For further information, please contact:
Fredrik Rystedt, CFO and Executive Vice President, +46 (0)8 788 51 31
Johan Karlsson, Vice President Investor Relations, Group Function Communications, +46 (0)8 788 51 30
Joséphine Edwall Björklund, Senior Vice President, Group Function Communications, +46 (0)8 788 52 34
Per Lorentz, Vice President Corporate Communications, Group Function Communications, +46 (0)8 788 52 51
NB:
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 the contact person set out below, at 7:00 a.m. CET on July 16, 2021.
Karl Stoltz, Media Relations Manager, +46 (0)8 788 51 55
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/essity/r/half-year-report-2021,c3385873
The following files are available for download:
The full report (PDF) |
View original content:https://www.prnewswire.com/news-releases/half-year-report-2021-essity-301335403.html
SOURCE Essity
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