ETTYF - Essity AB (publ) (ETTYF) Q1 2024 Earnings Call Transcript
2024-04-26 08:33:09 ET
Essity AB (publ) (ETTYF)
Q1 2024 Earnings Conference Call
April 25, 2024 3:00 a.m. ET
Company Participants
Sandra Åberg - Head of Investor Relations
Magnus Groth - President and Chief Executive Officer
Fredrik Rystedt - Chief Financial Officer
Conference Call Participants
Victoria Nice - AB Bernstein
Niklas Ekman - Carnegie
Charles Eden - UBS
Karel Zoete - Kepler
Linus Larsson - SEB
Oskar Lindström - Danske Bank
Mikheil Omanadze - BNP Paribas
Karri Rinta - Handelsbanken
Presentation
Sandra Åberg
Good morning and welcome to Essity's presentation of the Q1 2024 results. My name is Sandra Åberg, Head of Investor Relations. And joining me here today are our CEO, Magnus Groth; and our CFO, Fredrik Rystedt. They will soon present the highlights of the results. And after that, we will open up for questions.
With that, I had over to Magnus. Magnus, please, the floor is all yours.
Magnus Groth
Thank you, Sandra, and good morning, everyone. Welcome to this quarter one report presentation for Essity. And today, the folks would be on the report, of course. Just to start briefly, what we're seeing today is the result of a lot of hard work over the last seven years since we created Essity through the split from SCA, where we've been working with the restructuring, acquisitions, divestments, different efficiency programs, but also creating a common culture, common go-to-market, supply chain, and developing the company step-by-step.
And we're at the end of that journey of the radical changes, and entering a phase with more, of course, continuous improvements which will [technical difficulty] we also had, last year, primarily in Professional Hygiene, where we did some major restructuring, and we're seeing the impact of that on the top line. But we're now entering a phase where we are focusing on utilizing all these fantastic assets, our fantastic people, and our organization ways of working to grow volume based on our strong brands and innovative products and services.
So, that's just a little starter for the meeting here today. I would also like to draw your attention to the picture here, because it's a new innovation. It's a walker, you've seen those before for people coming back from skiing holiday with a foot or -- let's see here. I'm -- I lost the picture here earlier, but here we are. I do just want to do some advertising, if can get back to that one. And so, this walker, you've seen them before, but this one is more comfortable, and it's 20% lighter than the previous edition, so it's more comfortable for the wearer. And, of course, from a sustainability perspective, that's also a big improvement. And it's under the Actimove orthopedic soft goods brand....
Essity AB (publ) (ETTYF) Q1 2024 Earnings Call Transcript