Essity operating profit falls 31% as revenue rises 4% in third quarter

Revenue rose by 4 percent to just over SEK 36 billion.

"We actively continued to work on price increases to compensate for higher costs, and all business areas reported higher sales prices than in the second quarter," CEO Ulrika Kolsrud writes in the interim report.

Since activist fund Cevian Capital became an owner of the company, Essity has begun the process of spinning off its tissue unit, which makes toilet and kitchen paper.