Essity AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 22, 2021 at 01:00 am EDT
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Essity AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was SEK 31,145 million compared to SEK 28,677 million a year ago. Net income was SEK 2,736 million compared to SEK 2,265 million a year ago. Basic earnings per share from continuing operations was SEK 3.9 compared to SEK 3.22 a year ago.
For the nine months, sales was SEK 87,641 million compared to SEK 90,796 million a year ago. Net income was SEK 6,638 million compared to SEK 7,588 million a year ago. Basic earnings per share from continuing operations was SEK 9.45 compared to SEK 10.8 a year ago.
Essity AB is one of the world's leading manufacturers of hygiene products. Net sales break down by family of products as follows:
- human care products (40.3%): incontinence products (Tena), feminine protection products (Libresse, Bodyform, Nana, Nuvenia, Saba, Nosotras, Donnasept, etc.), diapers (Libero, Up & Go, Libero-Peaudouce, Drypers, Pequenin, etc.), compresses and bandages.
- paper hygiene products (32.6%): paper towels, toilet paper, handkerchiefs, wipes, etc. sold under Tempo, Colhogar, Cozy, Cushelle, Danke, Delica, Demak Up, Favorita, Flen, Lotus, Lovly, Okay, Plenty, Regio and Zewa brands;
- professional hygiene products (26.8%): including toilet paper, handkerchiefs, hand lotions and hand soaps, hand sanitizers, as well as cleaning and wiping products;
- other (0.3%).
At the end of 2023, the group operated around 70 production sites in the world.
Net sales are distributed geographically as follows: Europe (60.3%), North America (17.4%), Latin America (17.1%), Asia (1.6%), and other (3.6%).
ESSITY AB 
