Welcome to our dedicated page for Essity news (Ticker: ETTYF), a resource for investors and traders seeking the latest updates and insights on Essity stock.
Essity (ETTYF) is a global leader in hygiene and health solutions, driving innovation in consumer products for personal care and well-being. This dedicated news hub provides stakeholders with centralized access to essential updates on corporate developments, strategic initiatives, and market performance.
Investors and industry observers will find timely information spanning earnings announcements, product launches, sustainability efforts, and strategic partnerships. The curated collection serves as a reliable resource for tracking Essity's operational milestones and responses to evolving healthcare market demands.
Regular updates include coverage of manufacturing innovations, regulatory compliance developments, and global market expansion activities. Content is organized to help users efficiently monitor factors influencing Essity's position in competitive hygiene product markets.
Bookmark this page for streamlined access to verified Essity news. Combine regular visits with portfolio monitoring tools for comprehensive market analysis.
Essity (ETTYF) held its 2025 Annual General Meeting at Stockholm Waterfront Congress Centre. The company approved a dividend of SEK 8.25 per share for FY2024, payable on April 3, 2025. The meeting approved new board remuneration rates, with directors receiving SEK 960,000 and the Chairman SEK 2,880,000, plus additional compensation for committee roles.
Shareholders approved a cash-based incentive program and the Board's remuneration report. The meeting elected two new directors, Alexander Lacik and Katarina Martinson, while re-electing eight existing members. Jan Gurander was elected Chairman. Ernst & Young AB was appointed as auditor until 2026. The meeting also authorized share buybacks of Essity B shares and approved amendments to the articles of association.
Essity (ETTYF) announced that President and CEO Magnus Groth will step down from his position during 2025 after serving 14 years with the Group, including almost ten years as CEO. The Board has initiated an immediate recruitment process for his successor.
Under Groth's leadership since 2015, first at SCA and then at Essity, the company has achieved significant growth in profitability, innovation, and global expansion. Chairman Jan Gurander acknowledged Groth's important role in establishing Essity's platform for continued profitable growth.
Groth, who has a one-year notice period, will continue in his role until a successor is appointed. During his tenure, Essity has developed into a world-leading hygiene and health company with strong brands, market positions, and recognized sustainability work.
Essity will release its Q2 2024 interim report on July 18 at approximately 07:00 CET. The report will be presented by President and CEO Magnus Groth and CFO Fredrik Rystedt during a live webcast and teleconference at 09:00 CET the same day.
The webcast and teleconference can be accessed via a provided link and will be available for later viewing. Contact numbers for the conference call are provided for participants from the UK, USA, and Sweden. The presentation will also be broadcast live on LinkedIn.
For more information, contact Vice Presidents Per Lorentz and Sandra Åberg. Further details and downloadable files are available on Cision and Essity's news page.
Essity, in collaboration with McDonald's, is launching a recycling project in Germany to convert used paper cups into Tork branded toilet paper. Initiated in 2020, the project aims to recycle approximately 1,200 tons of waste annually. This collaboration will not only reduce McDonald's waste and carbon footprint but also align with Essity's sustainability goals. The solution extends Essity's Tork PaperCircle® service, enhancing its circular economy initiatives.
Essity reported a net sales decline of 18.3% to SEK 27,528m for Q1 2021, primarily due to the COVID-19 pandemic and stockpiling effects from the previous year. Organic net sales fell 9.9%, with e-commerce increasing 14%. Operating profit (EBITA) dropped 31% to SEK 3,664m. Despite challenges, market shares rose in several sectors, and the company announced acquisitions to boost growth, including a USD 1,540m deal for control of Productos Familia S.A.. Future price increases are planned to counteract higher raw material costs.
Essity, a hygiene and health company, announced price increases in Consumer Tissue products due to rising raw material costs. The hikes are expected to average in the mid-to-high single digits in key markets. Additionally, the company is preparing for price adjustments in other product categories affected by similar cost pressures. This announcement is in compliance with the EU Market Abuse Regulation, signaling a proactive response to inflationary trends impacting production costs.
Essity has announced price increases in its Consumer Tissue category due to rising raw material costs, effective in key markets. The average increase is in the mid-to-high single digits. Additionally, the company is planning price hikes in other product categories affected by these costs. This decision aligns with their commitment to maintaining profitability amidst challenging market conditions.
Essity has acquired the distribution rights to Sorbact® wound care technology in Australia and New Zealand from Bayport Brands. In 2020, Sorbact® sales in this region reached AUD 1.7 million (approx. SEK 11 million). This acquisition is part of Essity's strategy to enhance its presence in the advanced wound care market, where it has shown promising sales growth. Sorbact® is known for its innovative approach in wound treatment, effectively binding bacteria and fungi while being non-toxic. Essity acquired 75% of Abigo Medical, the manufacturer of Sorbact®, in February 2020.
Essity held its Annual General Meeting on March 25, 2021, where key financial statements for 2020 were approved. A dividend of SEK 6.75 per share was announced, with a record date of March 29, 2021, and payment scheduled for April 1, 2021. The Meeting also confirmed director remuneration and re-elected board members, including Chairman Pär Boman. Ernst & Young AB was appointed as auditor until the 2022 AGM. The Board was authorized to buy back shares, and changes to the Articles of Association were approved. Meeting minutes will be published on Essity's website within two weeks.
