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Essity Publishes 2023 Annual Report

Essity recently released its Annual Report for 2023.

The report details the company’s financial efforts through 2023, including its increased sales and highest ever profit. Essity’s study also covers the company’s ongoing sustainability efforts to achieve 100% recyclability and 85% renewable or recycled material in the company’s packaging, among other environmental efforts.

“We leave an eventful year behind us in which we have focused on increasing profitability and created a stable platform for profitable growth. Through innovation, restructuring, efficiency improvements, and price increases, we achieved an adjusted profit of SEK 18.9bn—the highest profit ever—while also increasing net sales to SEK 147bn. We have undertaken to accept the offer in respect of all shares in Vinda. It is a very attractive offer for Essity and our shareholders and provides us with a product portfolio with higher and more stable returns,” said Magnus Groth, Essity president and CEO.

Essity’s Annual Report for 2023 can be accessed here.

About Essity
Essity is a global hygiene and health company that develops, produces, and sells personal care, consumer tissue, and professional hygiene products and solutions. For more information, visit essity.com.