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Diversey Europe Operations B.V. (NASDAQ: DSEY) has published a significant study on floor disinfection, emphasizing its impact on reducing risks associated with floor hygiene in commercial facilities. The research, conducted by Li et al. and published in the InfectionControl.tips journal, reveals that using launderable or disposable flat mops, along with biocidal floor products, enhances hygiene outcomes compared to traditional cotton string mops. The study indicates that commercial facilities should avoid using neutral cleaners and prefer biocidal options for better bacteria removal. This research aligns with Diversey's commitment to improving hygiene and infection prevention across various sectors, underpinning the necessity of optimal cleaning practices for health safety.
Diversey Holdings, Ltd. (NASDAQ: DSEY) reported a 4.3% increase in net sales for Q4 2022, totaling $701.6 million, and a 5.6% growth for the full year, reaching $2.765 billion. However, the company experienced a net loss of $59.5 million in Q4 and $169.3 million for the year. Adjusted EBITDA for Q4 was $93.4 million (13.3% margin), down 14.7% year-on-year, while full-year Adjusted EBITDA was $330.1 million (11.9% margin), declining 19.5%. Diversey is also set to be acquired by Solenis for $4.6 billion, expected to close in H2 2023, which will lead to its delisting from Nasdaq.
Diversey is set to go private as Solenis announces a definitive merger agreement valued at approximately
Diversey reported a 3.6% increase in net sales to $689 million for Q3 2022, with significant growth of 17.3% in constant currency. The Institutional segment faced a 1.6% decline in sales, while Food and Beverage saw an 18% rise. However, the company reported a net loss of $36.5 million, improving from $42.1 million year-over-year. Adjusted EBITDA fell 17.4% to $88 million, with a margin decline of 320 basis points. Despite challenges from inflation and currency fluctuations, Diversey updates its revenue outlook to mid-single-digit growth and expects at least $330 million in Adjusted EBITDA for the year.
Diversey Holdings, Ltd. (NASDAQ: DSEY) plans to release its third quarter 2022 financial results on November 3, 2022, before market open. A conference call will be held at 8:30 am ET on the same day to discuss the results. Participants can access the call via toll-free numbers or through a live webcast. An audio replay will be available for three hours post-call until November 17, 2022. Diversey specializes in hygiene and infection prevention solutions, emphasizing innovation and product quality for over 95 years.
Diversey Europe Operations B.V. (NASDAQ: DSEY) has partnered with Typsy, an online learning platform, to offer on-demand training solutions for the hospitality industry. This strategic alliance expands Diversey's services by providing over 150 expert-led video lessons focused on hygiene and cleaning practices, enhancing efficiency and compliance for hospitality businesses worldwide. This initiative reflects Diversey's commitment to improving industry training and hygiene standards, supporting global efforts to promote better cleaning practices.
Diversey Europe Operations B.V. (NASDAQ: DSEY) has announced an exclusive distribution agreement with LG Electronics for commercial washers and dryers in the UK and Ireland. This partnership aims to enhance laundry solutions by integrating LG's advanced laundry technologies with Diversey's patented chemical and engineering solutions. Managing Director Shane Mahoney stated this collaboration will help customers lower costs through reduced energy, chemical, and water usage. Both companies highlight their commitment to innovative, efficient, and sustainable cleaning solutions for the commercial laundry sector.
