Essity - Interim Report Third Quarter 2019

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JANUARY 1 – SEPTEMBER 30, 2019
(compared with the corresponding period a year ago)

  • Net sales increased 9.0% to SEK 95,289m (87,388)

  • Organic net sales increased 4.8%

  • In emerging markets, which accounted for 36% of net sales, organic net sales increased 9.8%

  • Operating profit before amortization of acquisition-related intangible assets (EBITA) increased 28% to SEK 10,387m (8,085)

  • Adjusted EBITA increased 17% to SEK 11,098m (9,484)

  • Adjusted EBITA margin increased 0.7 percentage points to 11.6% (10.9)

  • Profit for the period increased 45% to SEK 7,166m (4,935)

  • Earnings per share increased 45% to SEK 9.25 (6.38)

  • Adjusted earnings per share increased 27% to SEK 10.59 (8.35)

  • Cash flow from current operations increased to SEK 9,529m (3,968)

    
SUMMARY OF THE THIRD QUARTER OF 2019

The quarter was characterized by strong development in terms of growth and profitability. Organic net sales increased 5.9% and the adjusted EBITA margin rose 2.6 percentage points to 12.8%. All business areas reported higher margins. Earnings per share increased 150% to SEK 3.53.

All business areas demonstrated healthy growth due to implemented price increases, a better mix and higher volumes. Growth was strengthened by innovations and investments in sales and marketing activities.

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Source: Essity