DIVERSEY'S INSTITUTIONAL DIVISION ANNOUNCES AN ADJUSTMENT IN ENERGY SURCHARGE FOR ITS EUROPEAN BUSINESS

Rhea-AI Summary

Diversey Europe Operations B.V. (NASDAQ: DSEY) announced a rise in its energy surcharge from 7% to 11.8%, effective July 1, 2022, as a response to ongoing energy price inflation impacting its Institutional business in Europe. Despite efforts to optimize energy usage and mitigate operational costs, the increase aligns with the energy index due to sustained price pressures. This adjustment aims to maintain Diversey's commitment to delivering quality hygiene and infection prevention solutions. Representatives will contact customers to discuss the surcharge's implications.

Positive

• Continued commitment to providing quality hygiene and infection prevention solutions.
• Proactive measure to manage costs and maintain service delivery.

Negative

• Increase in energy surcharge from 7% to 11.8%, indicating financial pressures.
• Ongoing impact of elevated energy prices on business operations.

UTRECHT, Netherlands, June 14, 2022 /PRNewswire/ -- Diversey Europe Operations B.V. (NASDAQ: DSEY), a leading provider of hygiene, infection prevention, and cleaning solutions, announces plans to adjust the current energy surcharge from 7% to 11.8%, across its Institutional business in Europe. This adjustment will be effective from the 1st of July 2022.

Despite the initiatives introduced to optimize energy usage in daily operations, thereby reducing total costs of operations both for Diversey and its customers, as well as managing the on-going cost pressures from the sustained increase in energy prices, the business portfolio continues to be impacted. Therefore, a modification in line with the energy index is required. This measure has become necessary in order to ensure that Diversey continues to deliver leading hygiene, infection prevention and cleaning solutions to its customers, in line with its organizational mission.

Diversey Europe's Institutional representatives will be in contact with customers to discuss the impact of this additional surcharge.

About Diversey

Diversey's mission is to protect and care for people through leading hygiene, infection prevention, and cleaning solutions. We develop and deliver innovative products, services, and technologies that save lives and protect our environment. Over the course of 95 years, the Diversey brand has become synonymous with product quality, service, and innovation.

For more information, visit www.diversey.com or follow us on LinkedIn, Facebook, or Twitter @diversey.

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SOURCE Diversey

FAQ

What is the new energy surcharge for Diversey (DSEY) effective July 2022?

The energy surcharge for Diversey (DSEY) will increase from 7% to 11.8% effective July 1, 2022.

Why did Diversey increase its energy surcharge?

Diversey increased its energy surcharge due to ongoing cost pressures from sustained increases in energy prices.

How will the energy surcharge adjustment impact Diversey customers?

Diversey representatives will contact customers to discuss the implications of the increased energy surcharge.

When was the announcement made regarding Diversey's energy surcharge?

The announcement was made on June 14, 2022.