Essity Launches Savings Program Aiming for One Billion Kronor by 2026

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Essity Launches Savings Program Aiming for One Billion Kronor by 2026
Photo: Pontus Lundahl/TT

Hygiene company is implementing a comprehensive savings program. The goal is annual savings of one billion kronor.

In connection with the company's interim report, the changes are announced, which are primarily to be implemented through two measures.

The savings program, which according to the company mainly includes sales and administrative costs, is expected to provide annual cost savings of approximately one billion kronor with full effect by the end of 2026.

In addition, organizational changes are being implemented, which according to the company will mean a decentralization.

"These measures contribute to the goal of reaching more people with our leading products for hygiene and health, taking market shares and maximizing the potential of the product portfolio", writes the company's CEO Ulrika Kolsrud in the report.

The company is delivering at the same time a revenue result for the third quarter in line with market expectations. The company's profit was also in line with expectations.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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