Essity’s 1H 2018 net sales increased 8.1% compared with the corresponding period a year ago to SEK 57,741 million ($6.5 billion), as the company said in the press release received by Lesprom Network.
Adjusted operating profit before amortization of acquisition-related intangible assets (adjusted EBITA) increased 2% (declined 5% excluding currency translation effects and acquisitions) to SEK 6,468 million ($730 million). A better price/mix, higher volumes, cost savings and the acquisition of BSN medical had a positive impact on earnings.
Profit for the period increased 10% (3% excluding currency translation effects and acquisitions) to SEK 3,857 million ($435 million).
2Q 2018 net sales increased 5.6% compared with the corresponding period a year ago to SEK 29,721 million ($3.3 billion).
2Q adjusted operating profit before amortization of acquisition-related intangible assets (adjusted EBITA) decreased 3% (5% excluding currency translation effects and acquisitions) to SEK 3,349 million ($378 million).
Profit for the period increased 16% (13% excluding currency translation effects and acquisitions) to SEK 2,131 million ($240 million).
Essity is a leading global hygiene and health company. Essity used to be part of the SCA Group.