10.29.18
Essity’s net sales in the third quarter of 2018 increased 9.1% compared with the corresponding period a year ago to SEK 29.6 billion ($3.2 billion). Organic net sales, which exclude exchange rate effects, acquisitions and divestments, increased 1.6%, of which volume accounted for -1% and price/mix for 2.6%. Higher prices and a better mix in all business areas had a positive impact on organic net sales. Volumes increased in Personal Care and Professional Hygiene. In Consumer Tissue, volumes declined partly due to restructuring measures within the scope of the Tissue Roadmap, entailing lower sales of mother reels, and partly due to lower volumes in Asia due to price increases. Organic net sales decreased 0.1% in mature markets and increased 4.3% in emerging markets. Emerging markets accounted for 35% of net sales. Exchange rate effects increased net sales by 6.8%. Acquisitions relating to the increase in the shareholding in associates in Latin America increased net sales by 0.7%.
In the personal care segment, net sales increased 9.2% to SEK 11.4 billion ($1.2 billion). Organic net sales, which exclude exchange rate effects, acquisitions and divestments, increased 2.2%, of which volume accounted for 1.2% and price/mix for 1%. Organic net sales in mature markets increased 0.8%. In emerging markets, which accounted for 37% of net sales, organic net sales increased 4.1%. Acquisitions relating to the increase in the shareholding in associates in Latin America increased net sales by 1.1%. Exchange rate effects increased net sales by 5.9%.
For Incontinence Products, with the globally leading Tena brand, organic net sales increased 4.1%. Growth was related to emerging markets, North America and Western Europe. Growth in Europe and North America was attributable to both the retail trade and the healthcare sector. For Medical Solutions, organic net sales decreased 0.9%. The decrease was mainly related to inventory adjustments among customers in North America. For Baby Care, organic net sales decreased 2.7% mainly related to emerging markets. Organic net sales increased in Western Europe. For Feminine Care, organic net sales increased 7.6% mainly related to higher prices and higher volumes in Latin America.
In the personal care segment, net sales increased 9.2% to SEK 11.4 billion ($1.2 billion). Organic net sales, which exclude exchange rate effects, acquisitions and divestments, increased 2.2%, of which volume accounted for 1.2% and price/mix for 1%. Organic net sales in mature markets increased 0.8%. In emerging markets, which accounted for 37% of net sales, organic net sales increased 4.1%. Acquisitions relating to the increase in the shareholding in associates in Latin America increased net sales by 1.1%. Exchange rate effects increased net sales by 5.9%.
For Incontinence Products, with the globally leading Tena brand, organic net sales increased 4.1%. Growth was related to emerging markets, North America and Western Europe. Growth in Europe and North America was attributable to both the retail trade and the healthcare sector. For Medical Solutions, organic net sales decreased 0.9%. The decrease was mainly related to inventory adjustments among customers in North America. For Baby Care, organic net sales decreased 2.7% mainly related to emerging markets. Organic net sales increased in Western Europe. For Feminine Care, organic net sales increased 7.6% mainly related to higher prices and higher volumes in Latin America.
