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    ESSITY B   SE0009922164

ESSITY AB

(ESSITY B)
  Report
Real-time Estimate Cboe Europe  -  08:47 2022-10-07 am EDT
223.75 SEK   +0.74%
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OMMAX advise Essity on the successful acquisition of Knix

08/01/2022 | 11:52am EDT

Munich, Germany - August 1st - Leading digital consultancy OMMAX support Essity's acquisition of Knix. Essity are a leading global hygiene and health products provider and Knix (acquired) are a leading provider of leakproof apparel for period and incontinence.

In preparation of the acquisition, OMMAX supported Essity with their commercial and digital due diligence, focusing on the assessment of the digital market dynamics, Knix's brand strength and digital capabilities as well as the resulting performance along the customer journey, its customer economics and (digital) marketing efficiency, complemented with a detailed business case validation based on these digital KPIs.

Knix and their teen brand, Kt by Knix, offer a broad assortment of intimate apparel, focused strongly on the growing category of leakproof apparel. The company has a strong presence in Canada and the USA, leveraging its positive and inclusive brand image to operate a successful direct-to-consumer business model complemented by six flag-ship stores.

Thibaut Saphore, Vice President Business Development at Essity, comments: "OMMAX effectively supported our due diligence, leveraging their deep commercial expertise in analyzing the dynamic market combined with their digital know-how assessing the brand strength and digital capabilities of Knix. We valued the close and productive collaboration with the OMMAX team in the process."

Dr. Stefan Sambol, Partner at OMMAX, comments: "We would like to congratulate Essity on their successful acquisition of Knix. The close collaboration with the global and regional Essity teams was a great experience, characterized by a highly productive and open atmosphere. With regards to Knix, we are very impressed by the company's ability to build and communicate an authentic and inclusive brand image and leverage this image for a successful D2C business model."

- ENDS-

ABOUT ESSITY

Essity is a leading global hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as Actimove, JOBST, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, TOM Organic, Vinda and Zewa. Essity has about 46,000 employees. Net sales in 2021 amounted to approximately SEK 122bn (EUR 12bn). The company's headquarters is located in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society. More information at www.essity.com.

ABOUT KNIX

Knix Wear Inc. ("Knix") is a leading provider of leakproof apparel for period and incontinence. As a first mover in leakproof intimates, tops and activewear, Knix has established a particularly strong presence in its core markets Canada and the USA. Leveraging its positive and inclusive brand image, Knix operates a successful direct-to-consumer business model complemented by six flag-ship stores.

For more information about Knix, please visit www.knix.com

ABOUT OMMAX - DIGITAL SOLUTIONS

OMMAX - Digital Solutions is a digital strategy consultancy based in Europe, specializing in sustainable digital value creation while catering to an array of mid-sized companies, large enterprises and >100 private equity firms around the world. Composed of >250 international experts and with >800 realized digital projects in the fields of digital strategy, digital operational excellence, data science, and transaction advisory services, OMMAX is a forerunner concerning holistic data-driven strategy consulting and end-to-end execution of digital solutions. More information: www.ommax-digital.com

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 155 B 13 970 M 13 970 M
Net income 2022 7 049 M 636 M 636 M
Net Debt 2022 57 799 M 5 214 M 5 214 M
P/E ratio 2022 22,0x
Yield 2022 3,17%
Capitalization 156 B 14 065 M 14 065 M
EV / Sales 2022 1,38x
EV / Sales 2023 1,25x
Nbr of Employees 46 000
Free-Float 94,3%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 222,10 SEK
Average target price 274,06 SEK
Spread / Average Target 23,4%
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Managers and Directors
Carl Magnus Groth President, Chief Executive Officer & Director
Carl Fredrik Stenson Rystedt CFO, Executive VP & Head-Group Function Finance
Pär Boman Chairman
Robert Sjöström President-Global Operational Services
Annemarie Gardshol Independent Director
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