Essity 1H 2018 Results: Profit up 10 percent from Year ago

The Group’s net sales increased 5.6 percent and the earnings per share increased 21 percent for the second quarter of 2018 compared with the corresponding period a year ago. During the quarter, six innovations were launched that strengthened Essity’s customer and consumer offering. To increase efficiency within Consumer Tissue, further restructuring measures were decided, as a part of Tissue Roadmap.

Organic net sales increased 2.3 percent, of which volume accounted for -0.1 percent and price/mix for 2.4 percent. Volumes increased in Personal Care and Professional Hygiene. In Consumer Tissue volumes decreased due to restructuring measures within the scope of Tissue Roadmap, entailing lower sales of mother reels and lower volumes in emerging markets due to price increases. In emerging markets, which accounted for 35 percent of net sales, organic net sales increased 4.0 percent while the increase in mature markets was 1.4 percent.