(compared with the corresponding period a year ago)
· Highest adjusted EBITA and highest adjusted EBITA margin ever
· Target raised for adjusted return on capital employed to above 17% by 2025
· Net sales declined 5.6% to
· Organic net sales declined 1.9%
· Sales were negatively impacted by the COVID-19 pandemic and related lockdowns
· In emerging markets, which accounted for 37% of net sales, organic net sales increased 2.6%
· Operating profit before amortization of acquisition-related intangible assets (EBITA) increased 16% to
· Adjusted EBITA increased 11% to
· Adjusted EBITA margin increased 2.2 percentage points to 14.5% (12.3)
· Adjusted return on capital employed increased 1.9 percentage points to 15.7% (13.8)
· Profit for the period increased 15% to
· Earnings per share increased 11% to
· Adjusted earnings per share increased 5% to
· Cash flow from current operations decreased 15% to
· At an Extraordinary General Meeting on
· The Board of Directors proposes an increase in the dividend of 8% to
SUMMARY OF FULL-YEAR AND FOURTH QUARTER 2020
The COVID-19 pandemic has had a major impact on people and the global economy. Vaccinations have started and market conditions are gradually improving. Increased awareness of hygiene and health is positive for
During the year,
·
Increased its market shares in many markets
·
Increased online sales to approximately
·
Accelerated the digital transformation and launched digital solutions, such as TENA SmartCare
·
Broadened its offering with face masks and expanded supply capacity for hand sanitizer
·
Improved underlying growth in Medical Solutions. Organic net sales for Wound Care increased 6.4% in the fourth quarter.
·
Increased organic net sales in emerging markets by 2.6% and the adjusted EBITA margin by 2.7 percentage points to 12.9%
·
Achieved continuous cost savings of
·
Acquired the
·
Made a non-binding indicative proposal for the acquisition of additional shares in
·
Significantly strengthened the balance sheet and financial position, which enable a higher rate of acquisitions.
·
Qualified for the Dow Jones Sustainability Europe Index
·
Reduced its carbon emissions by 11% according to
In 2020, organic net sales declined 1.9%. The adjusted gross margin increased 3.0 percentage points to 32.5%. Adjusted EBITA increased 11% and the adjusted EBITA marginal increased 2.2 percentage points to 14.5%. Adjusted return on capital employed increased 1.9 percentage points to 15.7%. Earnings per share increased 11% to
At an Extraordinary General Meeting on
The Group's organic net sales declined 0.5% in the fourth quarter of 2020. The COVID-19 pandemic and related lockdowns and restrictions had a negative effect on
FUTURE REPORTS
ANNUAL GENERAL MEETING
INVITATION TO PRESENTATION OF THE YEAR-END REPORT 2020
In conjunction with publication, a telephone and web presentation will be held where President and CEO
Presentation
Date:
Time:
Link to web presentation: https://essity.videosync.fi/2021-01-27-q4
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. 7569943.
President and CEO
This report has not been reviewed by
For further information, please contact:
Joséphine Edwall Björklund, Senior Vice President, Group
Per Lorentz, Vice President Corporate Communications, Group
NB:
This information is such that
https://news.cision.com/essity/r/year-end-report-2020,c3274602
https://mb.cision.com/Main/15798/3274602/1364026.pdf
(c) 2021 Cision. All rights reserved., source