Updates from around the Mölnlycke world

Mölnlycke intends to issue a new 10-year EUR bond under its Euro Medium Term Note (EMTN) programme. The bond will be listed on the Euro MTF market of the Luxembourg Stock Exchange. At the same time Mölnlycke invites its holders of the outstanding EUR 500m bond due February 2025 note to tender any and all of their notes for purchase by the company. Read the full announcement here.

Since 1977, Phoenix Society has served burn survivors, their loved ones, burn care professionals, researchers and others committed to empowering the burn community to enable transformational healing. With the overarching vision of uniting the voice of the burn community globally to “advance lifelong healing, optimal recovery, and burn prevention”, the Phoenix Society offers programmes, tools, education and events to bring this vision to life. With our wide range of burn care solutions including for example cleansing, gentle wound dressings and scar management, Mölnlycke is uniquely positioned to support Phoenix Society initiatives. Our advanced wound care dressings are enabled by Safetac® technology, a gentle silicone adhesive that reduces pain and minimises skin trauma of burn survivors at dressing change. Mölnlycke also provide information about burn dressings and healing through educational content, clinical evidence, and tips and tricks on how to apply burn care. Inline quote: Anders Andersson   The power of partnership The partnership between Phoenix Society and Mölnlycke brings together two organisations driven by a mission to make survivors’ healing easier and their lives fuller by reaching survivors earlier, minimising the impact of burns and giving survivors the solutions, resources and community needed to facilitate recovery and support.

Performance highlights Mölnlycke reported strong growth in 2023, with net sales reaching EUR 1,924 million, an 8% increase in constant currency rates. The EBITDA grew by 14% to EUR 545 million, reflecting substantial organic growth and market share gains across most markets. Sustainability achievements We made significant strides in operationalising our sustainability roadmap 2030. Mölnlycke’s near-term greenhouse gas emission reduction targets were validated by the Science Based Targets initiative. Noteworthy progress was made in our journey towards 100% fossil-free electricity by the end of 2024, with 61% fossil-free electricity share in 2023. We also achieved a 20% reduction in overall absolute greenhouse gas emissions across the entire value chain compared to the 2021 baseline. Finally, we expanded the scope of Life Cycle Assessment to cover 30% of our portfolio in terms of net sales. Zlatko annual report news quote   Innovation and quality highlights To enhance surgical performance, Mölnlycke introduced hand scanning technology using artificial intelligence and machine learning for optimal glove fit, launched Mepilex® Up in the US, upgraded the Mepilex® Border Post-Op product family globally and registered Hibiwash®, - the new colour- and fragrance-free Hibi formula. We also successfully completed the transition to Medical Device Regulation (MDR), one of the first MedTech companies to do so. Strategic investments Mölnlycke secured long-term financing through a EUR 400 million Eurobond and a EUR 350 million Revolving Credit Facility. We also decided to invest EUR 60 million to increase production capacity, including a new Mepilex Border Flex production line and a new Ethylene Oxide sterilisation unit in Finland.