Jan 27, 2021 / 08:00AM GMT
Magnus Groth - Essity AB(publ)-President - CEO & Director
Good morning, and welcome to Essity's Year-End Report 2020.
And to summarize, we are happy today to present the highest adjusted operating result ever for Essity. This is SEK 17.6 million (sic) [SEK 17.6 billion], an increase with 11% compared to 2019, and this was achieved through a margin improvement of 220 basis points to 14.5% for the year. And considering, of course, the huge uncertainties throughout this year of the big pandemic, ending up with an organic net sales of minus 1.9% shows how resilient our different businesses are in very turbulent circumstances. Also, operating cash flow was very strong, over SEK 16 billion. And we based on this from the Board recommend to the Annual Shareholders' Meeting to increase the dividend with SEK 0.5 to SEK 6.75 earlier for the year.
And I think this 6-year development shows the strength of having a number of categories that benefit from different market circumstances, but with the foundation of all being related to hygiene and health,
Full Year 2020 Essity AB (publ) Earnings Call Transcript
Feb 13, 2024
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