With the globally leading Tork brand, Essity is the world’s largest supplier of hygiene solutions in professional hygiene. Essity is the market leader in Europe and holds a market share that is nearly three times the size of the second largest player. In North America, Essity is the second largest player with a particularly strong market position in the food service segment, where we estimate that the company supplies approximately every second napkin. Essity is the third largest player in Asia, through its majority ownership in Vinda, and also holds the number three position in Latin America.

Tissue, Services & Solutions
In Tissue, Services & Solutions, Essity offers toilet paper, paper hand towels, napkins, reusable cloths, dispensers, service and maintenance, and digital solutions with sensor technology, such as Tork Vision Cleaning, data-driven cleaning.

Wiping & Cleaning
In Wiping & Cleaning, Essity offers wipers and cloths for keeping surfaces clean and disinfected. In 2022, Essity acquired the US company Legacy Converting, Inc. to expand its range of Wiping & Cleaning solutions and further strengthen its presence in the North American market.

Soaps & Sanitizers
In Soaps & Sanitizers, Essity offers soaps, lotions, sanitizers and dispensers. Good hand hygiene is the most effective way to prevent the spread of disease and infection. Through its Tork brand, Essity works to create awareness of the importance of hand hygiene through information campaigns and education. Our award-winning “Tork Virtual Reality Clean Hands” course is one example of how we provide inspiring training showing the correct hand washing and hand sanitation procedures for our customers in the healthcare sector.

Earnings 2022
Net sales increased 38.1% to SEK 36,114m (26,143). Sales growth, including organic sales growth and acquisitions, amounted to 25.0%. Organic sales growth amounted to 22.9%, of which volume accounted for 5.8% and price/ mix for 17.1%. Organic sales growth amounted to 25.6% in mature markets. In emerging markets, which accounted for 19% of net sales, organic sales growth was 13.2%. Exchange rate effects increased net sales by 13.1%. Acquisitions increased net sales by 2.1%.

The adjusted gross margin decreased 0.2 percentage points to 23.1% (23.3). Higher costs for raw materials, energy and distribution had a negative impact on the margin. The margin was positively impacted by higher prices, a better mix and higher volumes.

The adjusted EBITA margin increased 0.7 percentage points to 11.1% (10.4). Sales costs, including marketing costs, were higher but decreased as a share of net sales. Adjusted EBITA increased 48% (33% excluding currency translation effects, acquisitions and divestments) to SEK 3,998m (2,710).

The operating cash surplus amounted to SEK 6,386m (4,782).

  1. Including organic sales growth and acquisitions.
  2. Excluding exchange rate effects, acquisitions and divestments.
  3. Excluding items affecting comparability