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    ESSITY B   SE0009922164

ESSITY AKTIEBOLAG

(ESSITY B)
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Essity : and McDonald's are closing the loop for paper cups in Germany

10/14/2021 | 02:01am EST

Beverage, milkshake and ice cream cups will be re-used to make professional hygiene paper under Essity's leading Tork brand.

Hygiene and health company Essity and McDonald's are writing circular history with a recycling project that turns used paper cups

into a new resource. Starting in 2020, the project consisting of a team from Essity, logistics partner HAVI, and McDonald's Deutschland LLC, has piloted different opportunities to give paper cup waste a new life.

The pilot showed that Essity can successfully use the paper cups, after they have been shredded, as material for some of their mills and turn them into Tork branded toilet paper.

"It's exciting to work with our customers on sustainability projects like this. Combining our recycling technology and knowledge of circular services with McDonald's Deutschland LLC sustainability ambitions is enabling a future business model that helps to close the loop" says Don Lewis, President Essity Professional Hygiene.

All collected paper cup waste from McDonald's sites in Germany will be recycled, reducing waste by estimated 1,200 tons per year. This agreement is a win for both companies as it helps to cut the waste and carbon footprint for McDonald's Deutschland LLC while Essity is able to fulfill its own circular ambitions.

The solution is an extension of the Tork PaperCircle® recycling service, which is Essity's award winning circular service for recycling used paper towels into toilet paper.  
 

For further information, please contact:

Karl Stoltz, Media Relations Manager, +46 8 788 51 55

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 JOBST, Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 46,000 employees. Net sales in 2020 amounted to approximately SEK 122bn (EUR 11.6bn). 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.

https://news.cision.com/essity/r/essity-and-mcdonald-s-are-closing-the-loop-for-paper-cups-in-germany,c3432268

https://mb.cision.com/Main/15798/3432268/1480442.pdf

https://news.cision.com/essity/i/essity,c2967206

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 121 B 13 363 M 13 363 M
Net income 2021 8 785 M 969 M 969 M
Net Debt 2021 46 976 M 5 179 M 5 179 M
P/E ratio 2021 23,1x
Yield 2021 2,39%
Capitalization 201 B 22 202 M 22 112 M
EV / Sales 2021 2,04x
EV / Sales 2022 1,84x
Nbr of Employees 46 000
Free-Float 94,2%
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Number of Analysts 18
Last Close Price 285,70 SEK
Average target price 307,72 SEK
Spread / Average Target 7,71%
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Managers and Directors
Carl Magnus Groth President, Chief Executive Officer & Director
Fredrik Rystedt CFO, Executive VP & Head-Group Function Finance
Pńr Boman Chairman
Robert Sj÷str÷m President-Global Operational Services
Annemarie Gardshol Independent Director