Essity's Annual and Sustainability Report 2019: Our Strengths
Essity’s vision is: Dedicated to improving well-being through leading hygiene and health solutions. We achieve this by offering our solutions to more people around the world, by constantly improving our customer and consumer offering and by promoting awareness of hygiene and health. We develop production, offerings and business models to contribute to a sustainable and circular society, which also creates new business opportunities for Essity. We have the highest MSCI ESG rating.
Strong brands and successful innovations
Essity is the global market leader in incontinence products with the TENA brand and in professional hygiene with the Tork brand. We also have strong brands and market positions in the markets for baby care, feminine care, medical solutions and consumer tissue. Important aspects of our innovation work are to develop market-leading digital solutions and contribute to a sustainable and circular society.
Leading positions in an attractive market
Essity has sales in approximately 150 countries. We hold the number one or number two position within at least one product category in approximately 90 countries. Several trends in our external environment are favorable for Essity’s growth, such as a growing and aging population, higher disposable income, increased access to health care and greater awareness of hygiene and health.
Sustainable business model with profitable growth
Using a sustainable business model and a focus on profitable growth, Essity strives to achieve Group targets relating to organic sales growth, profitability and sustainability and to generate long-term value creation. Over the past five years, Essity’s net sales has increased 47% and the annual increase in organic net sales1) amounted to 3.6%. Over the same period, adjusted EBITA2) rose 67% and the adjusted EBITA margin2) increased 1.5 percentage points.
A high-performing organization with a winning corporate culture
Essity has a winning corporate culture characterized by courage, care, collaboration and commitment to results. Our employees receive training in our Code of Conduct to purse operations in a responsible manner, which benefits the company, society and the environment. Essity was named Sweden’s most attractive employer in 20193).
Focus on efficiency improvements and cost savings
Essity continuously works to improve efficiency in order to strengthen competitiveness, improve financial performance and reduce environmental impact. We are leveraging digitalization, innovation, global economies of scale and knowledge sharing to create a world-class value chain.
1) Net sales excluding exchange rate effects, acquisitions and divestments.
2) Excluding items affecting comparability.
3) By the recruitment and staffing agency Randstad.