Mölnlycke Health Care publishes Annual report for 2024

Mölnlycke has been awarded the platinum medal in Ecovadis Sustainability Rating, which places us in the top 1 percent of all companies assessed. EcoVadis is a globally trusted provider of business sustainability ratings with a network of more than 130,000 rated companies. Their rating recognises Mölnlycke’s strengths in environmental impact management, labour & human rights interactions, ethical governance and sustainable supply chain partnerships. Mölnlycke have been utilising feedback from EcoVadis, business partners and customers to drive continual improvement in sustainability each year. The acknowledgement of Mölnlycke’s achievments in these areas motivates us to be bolder and go further, driving positive change both for people and planet.

How to stay safe and avoid burns Make sure your grill is in a safe location. The grill should be placed well away from the home, deck railings and out from under eaves and overhanging branches. Only grill outside. Keep children and pets away. Keep children and pets at least one meter away from the grill area. Keep your grill clean. Keep your grill clean by removing grease or fat buildup from the grills and in trays below the grill. Let it cool completely. When you are finished grilling, let the coals cool completely before disposing of them in a metal container.

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.

The benchmarking procedure Mölnlycke are in the second year of working with EcoVadis as an independent and credible organisation to benchmark strengths and improvement opportunities. The rating process required extensive amounts of data and documentation, and therefore teamwork between global sustainability, legal and compliance, information technology, procurement excellence, and people experience teams. Our submission was assessed over a four week period. As a continuation from the previous assessment, results and feedback will be used to prioritise improvement plans. The result A gold medal is awarded to the all top 5%, and our score puts us into the top 3% of all organisations from all industries worldwide. Particularly recognized during the submission were Mölnlycke's commitment to Science Based Targets and measurable improvements in emissions, ​the strength of Mölnlycke procedures relating to human rights, ​demonstrable progress in gender equality, ​and the availability of the Ethics Hotline to all Mölnlycke's stakeholders The results certificate is available to download for verification below, EcoVadis will also provide a detailed validated scorecard to users of their platform.