Essity announces price increases

Essity, a hygiene and health company, announced price increases in Consumer Tissue products due to rising raw material costs.

Rhea-AI Summary

Essity, a hygiene and health company, announced price increases in Consumer Tissue products due to rising raw material costs. The hikes are expected to average in the mid-to-high single digits in key markets. Additionally, the company is preparing for price adjustments in other product categories affected by similar cost pressures. This announcement is in compliance with the EU Market Abuse Regulation, signaling a proactive response to inflationary trends impacting production costs.

Positive

• Price increases in key markets can help offset higher raw material costs.
• Preparation for price adjustments in other product categories suggests proactive management of costs.

Negative

• Price increases may lead to potential customer pushback or reduced demand.

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STOCKHOLM, April 7, 2021 /PRNewswire/ -- Hygiene and health company Essity is announcing price increases in Consumer Tissue as a result of higher raw material costs. The price increases are announced in Essity's key markets and the percentage increases are on average in the mid-to-high single digits.

In addition, Essity is preparing price increases in other product categories impacted by higher raw material costs.

NB: This information is such that Essity Aktiebolag (publ) is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out below, at 08:50 CET on April 7, 2021. 

Karl Stoltz, Media Relations Manager, +46 8 788 51 55

CONTACT:

For further information, please contact:

Per Lorentz, Vice President Corporate Communications, +46 8 788 52 51, per.lorentz@essity.com

Johan Karlsson, Vice President Investor Relations, +46 8 788 51 30, johan.ir.karlsson@essity.com

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SOURCE Essity

FAQ

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What is Essity's recent announcement regarding price increases?

Essity announced price increases in Consumer Tissue products due to higher raw material costs, averaging in the mid-to-high single digits.

When were the price increases announced by Essity?

The price increases were announced on April 7, 2021.

How will Essity's price increases affect its Consumer Tissue products?

The price increases are intended to help Essity manage the rising costs of raw materials and maintain profitability.

What other product categories will Essity increase prices in?

Essity is preparing price increases in additional product categories impacted by higher raw material costs.

What percentage increase is Essity planning for its products?

Essity is implementing price increases that are expected to average in the mid-to-high single digits.