This gives us a solid foundation for the
future and very good momentum in the
integration of Ahlstrom and Munksjö
into one company.”
Personal Care Sales Up at Domtar
Domtar Corporation reported net earnings of $20 million for the first quarter of
2017 compared to net earnings of $47 million for the fourth quarter of 2016 and net
earnings of $4 million for the first quarter
of 2016. Sales for the first quarter of 2017
were $1.3 billion.
Sales in the personal care segment were
$249 million for the first quarter of 2017
compared to $216 million in the first quarter of 2016.
John D. Williams, president and CEO,
comments: “In Personal Care, strong sales
growth and operational improvements in
the first quarter continue to offset currency, price and cost headwinds. We are
focusing our efforts on rolling out our
growth plans, capturing the benefits of our
cost savings program and building value
for our customers to effectively compete
in this competitive environment. Our
sales pipeline remains active with numerous opportunities to grow in both North
America and Europe.”
SCA Posts Sales Growth
SCA’s net sales in the first quarter of 2017
increased 4.2% compared with the corresponding period a year ago to SEK 25.2
billion ($2.9 billion). Organic sales, which
exclude exchange rate effects, acquisitions
and divestments, increased 1%, of which
volume accounted for 0.7% and price/mix
for 0.3%. Organic sales decreased 0.9%
in mature markets and increased 5.2% in
emerging markets. Emerging markets accounted for 36% of net sales. Exchange
rate effects increased net sales by 2.6%.
The acquisition of Wausau Paper Corp. increased net sales by 0.6%.
In the personal care segment, net sales
increased by 3.8% to SEK 8. 4 billion ($957
million). Organic sales increased 1.1%, of
which volume accounted for 0.4% and
price/mix for 0.7%. The discontinuation
of the Baby Care business in Mexico and
the hygiene business in India negatively
impacted organic sales by approximately
1%. Organic sales in mature markets decreased by 0.3%. In emerging markets,
which accounted for 42% of net sales, the
organic sales rose by 3.1%. Exchange rate
effects increased net sales by 2.7%.
For Incontinence Products, under the
Tena brand, organic sales increased 2%.
Growth is attributable to emerging markets and North America. In Europe, the
retail sector reported good growth, while
lower sales to the health care sector had a
negative effect on growth. For Baby Care,
organic sales decreased 4.2%. The decline
was mainly the result of the closure of the
Baby Care businesses in Mexico and India.
For Feminine Care, organic sales increased
by 4.5%, attributable to emerging markets.
On April 5, 2017, the 2017 Annual General Meeting of SCA decided that all shares
in the wholly owned subsidiary SCA Hygiene AB (currently undergoing a change
of name to Essity Aktiebolag), comprising
the SCA Group’s hygiene business, will
be distributed to the shareholders of SCA.
The preparations for the distribution and
the listing of SCA Hygiene AB are under
way, and the intention is that the first day
of separate trading in the two companies
will be in June 2017.
Glatfelter Reports Sales Decline
Glatfelter reported first quarter of 2017
net income of $11.6 million compared
with $16.2 million in the first quarter
of 2016. Adjusted earnings for the first
quarter of 2017 were $17.2 million compared with $16.3 million for the same period a year ago.
Consolidated net sales totaled $390.7
million and $402.2 million for the three
months ended March 31, 2017 and 2016,
respectively. Lower selling prices and foreign currency translation unfavorably impacted the quarter-over-quarter comparison by $6.8 million each.
Advanced Airlaid Materials’ net sales
decreased $1 million in the year-over-year
comparison primarily due to a $1.1 million
unfavorable impact from currency trans-
lation and $0.4 million of lower selling
prices reflecting the impact of cost pass-
through arrangements. Shipping volumes
increased 1.2%, primarily due to contin-
ued growth of wipes and personal hygiene
Edgewell’s Feminine Care Sales
In the second fiscal quarter of 2017,
Edgewell Personal Care’s net sales were
$611 million, flat when compared to the
prior year quarter. Excluding a $2.9 million benefit from the Bulldog (sun and
skincare products) acquisition and a
$3.7 million negative impact from currency, organic net sales increased 0.1%,
with growth in global Sun and Skin Care
mostly offset by declines in Men’s Systems and Feminine Care.
Feminine Care net sales decreased $8.4
million, or 9.2%, largely driven by volume
declines related to Sport branded pads
and liner distribution losses, increased
competitive pressure, and category softness. This resulted in declines across
tampons, pads and liners. These declines
were partially offset by lower promotional
spend in the quarter, due to the timing of
product launches. Feminine Care segment
profit decreased $8.9 million, or 84.8%,
driven by increased product costs related
to the transition of manufacturing from
Montreal to Dover, DE, lower volumes,
and increased transactional currency impacts, partially offset by lower promotional spend.
Acquisitions Boost Lydall’s First
Lydall’s first quarter net sales increased
27.6% to $165.5 million, compared to
$129.7 million in the first quarter of 2016.
The Technical Nonwovens (“TNW”) segment reported increased net sales of $27.7
million, including $26.3 million from acquisitions. TNW’s 8.5% organic growth
was driven by strong advanced materials
sales and improving filtration demand in
domestic power generation markets. Organic growth of 10.4% in the Performance
Materials (“PM”) segment was driven by
both improved market demand for filtration products and some recovery in the
insulation and cryogenics markets. The
Thermal/Acoustical Fibers (“T/A Fibers”)