STOCKHOLM, June 10, 2023 /PRNewswire/ -- The hygiene
and health company Essity divests its operations in Russia. Essity has signed an agreement with a
buyer and the transaction has now been approved by the Russian
authorities. The transaction is expected to be finalized during the
second quarter of 2023.
Essity began work in April 2022 to
exit the Russian market and in 2022 an impairment was carried out
of the company's assets in Russia
of approximately SEK 1.7bn.
In 2022, Essity's net sales in Russia amounted to approximately 2% of the
Group's total net sales.
The total earnings impact will be reported when the transaction is
finalized but is not expected to have a material financial
impact.
CONTACT:
For further information, please contact:
Per Lorentz, Vice President
Corporate Communications, +46 733 13 30 55,
per.lorentz@essity.com
Karl Stoltz, Media Relations
Director, +46 709 - 426 338, karl.stoltz@essity.com
The following files are available for download:
|
https://mb.cision.com/Main/15798/3784440/2119407.pdf
|
Essity divests Russian
operations
|
View original
content:https://www.prnewswire.co.uk/news-releases/essity-divests-russian-operations-301847726.html