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 Aktiebolag reports developments for a hygiene and health company with product categories spanning personal care, professional hygiene and consumer tissue. Company news includes interim reporting, raw-material-driven pricing actions, product launches in incontinence, feminine care and professional hygiene, and sustainability initiatives such as Tork PaperCircle recycling services.
Recurring corporate updates also cover Annual General Meeting resolutions, dividends, board and auditor appointments, incentive programs, share-capital actions and leadership transitions. Essity's completed acquisition of Edgewell Personal Care's feminine care business added Carefree, Stayfree and o.b. brands in North America, global feminine care rights for Playtex, and a Dover, Delaware production facility to its personal care portfolio.
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.
Essity will release its interim report for the first quarter of 2021 on April 23 at 7:00 CET. A telephone and web presentation will follow at 9:00 CET, led by President and CEO Magnus Groth, who will present key findings and answer questions. Investors and media can participate via telephone at multiple numbers provided, or view the presentation online using the linked web address. For further questions, media relations can be contacted.
Essity has launched the Libresse® V-Cup, a reusable menstrual cup, in the Nordic countries: Denmark, Finland, Norway, and Sweden. This product expansion reflects Essity's commitment to sustainability within its feminine care range. The Libresse® V-Cup, made of 100% soft medical-grade silicone, can be worn for up to 12 hours, providing a sustainable alternative to traditional feminine hygiene products. The launch follows a similar introduction in Latin America and aims to meet the growing consumer demand for eco-friendly options.
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