Press releases

Leading hygiene and health company Essity have received the Gold Class and Industry Mover distinction for excellent sustainability performance. Essity is also qualified for inclusion in The Sustainability Yearbook 2019 as a top-scoring company in the Household Product industry.

Essity, a leading global hygiene and health company, invites investors, analysts and media to an investor day in Stockholm on May 23, 2019. Presentations will be held by President and CEO Magnus Groth, other members of the Executive Management Team and representatives from Vinda.  

Hygiene and health company Essity is a founding partner of AI Innovation of Sweden, a center for research into artificial intelligence (AI) and innovation that opens today in Gothenburg. Partnering with academia, the public sector and industry, AI Innovation of Sweden’s mission is to bring Sweden to the forefront of AI.

According to Essity’s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.

The Supreme Administrative Court announced its judgment today in Essity’s dispute with the Swedish Tax Agency regarding the agency’s decision to impose additional taxes and tax surcharges for the years 2008 to 2012. As earlier announced by the company Essity has recognized a provision for and paid the disputed amount. The judgment will reduce Essity’s tax expense by approximately SEK 1.1bn in the fourth quarter of 2018.

According to Essity’s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.

The press conference held in connection with the publication of Essity’s Year-end Report for 2018 will also be available via webcast and it is possible to join by phone.

Essity’s new targets for reduction of greenhouse gas emission have been approved by the Science Based Targets initiative. With this, Essity’s sustainability targets are now aligned with the Paris agreement objectives to keep global temperature increase below 2°C.

According to Essity’s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.