SCA announced changes in the company’s financial reporting due to the split into forest products and hygiene and health companies.
For SCA, the future forest products company, the following business areas will be reported:
For Essity, future hygiene and health company, the following business areas will be reported:
- Personal Care
- Consumer Tissue
- Professional Hygiene
Earlier the company’s Annual General Meeting of shareholders voted in favor of the Board of Director’s proposal to split the Group into two listed companies.
The company is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 44,000 employees. Sales in 2015 amounted to more than SEK 115 billion (EUR 12.4 billion). SCA has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm.