Essity announces price increases

Rhea-AI Summary

Essity has announced price increases in its Consumer Tissue category due to rising raw material costs, effective in key markets. The average increase is in the mid-to-high single digits. Additionally, the company is planning price hikes in other product categories affected by these costs. This decision aligns with their commitment to maintaining profitability amidst challenging market conditions.

Positive

• None.

Negative

• Price increases may lead to decreased consumer demand.
• Rising raw material costs could squeeze margins further if not managed.

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

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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Essity announces price increases

 

View original content:http://www.prnewswire.com/news-releases/essity-announces-price-increases-301263831.html

SOURCE Essity

FAQ

What prompted Essity to increase prices for Consumer Tissue on April 7, 2021?

Essity announced price increases due to higher raw material costs.

What is the average percentage increase in price for Consumer Tissue by Essity?

The average price increase is in the mid-to-high single digits.

Is Essity considering price increases for other product categories?

Yes, Essity is preparing price increases for other product categories impacted by raw material costs.

What markets will be affected by Essity's price increases?

The price increases will be implemented in Essity's key markets.

What is the stock symbol for Essity?

The stock symbol for Essity is ETTYF.