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Essity’s overall long-term objective is to generate increased value for shareholders.
Annual Organic Sales Growth1
Adjusted Return on Capital Employed2
Capital Structure Policy
To have an effective capital structure at the same time that the long-term access to debt financing is ensured. Cash flow in relation to net debt shall take into account the target to maintain a solid investment grade rating
Aims to provide long-term stable and rising dividends to its shareholders. When cash flow from current operations exceeds what the company can invest in profitable expansion over the long-term – and under the condition that the capital structure target is met – the surplus shall be distributed to the shareholders
1 Excluding exchange rate effects, acquisitions and divestments.
2 Adjusted return on capital employed is accumulated return on capital employed and is calculated as 12-month rolling operating profit before amortization of acquisition-related intangible assets/EBITA, excluding items affecting comparability, as a percentage of average capital employed for the five most recent quarters.