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Essity is raising its target for adjusted return on capital employed to above 17% by 2025. The previous target of above 15% for adjusted return on capital employed has been achieved during the last 12 months. The raised target will be achieved through the continued execution of Essity’s existing strategy, an accelerated digital transformation and further streamlining of production, logistics and distribution. Other financial targets remain unchanged.
Hygiene and health company Essity divests its 49% stake in Sancella Tunisia to the other owner Sotupa. Sancella Tunisia offers a range of Essity's products and brands in Tunisia, Algeria, Morocco, and Libya. Essity will retain a presence on these markets through license and distribution agreements.
Hygiene and health company Essity is launching TENA SmartCare, a new and reusable digital sensor for improved incontinence care. TENA SmartCare is available for both professional and family caregivers.
Essity's leading hygiene and health products are essential in the fight against the COVID-19 pandemic. To further help people tackle the new challenges of today, Essity is extending its offering by launching face masks in its retail and Professional Hygiene businesses.
Hygiene and health company Essity has secured additional capacity to meet the increased demand for Tork®-branded hand sanitizers. The Group will increase its supply capacity of hand sanitizer in Europe as of the fourth quarter of 2020. The increased capacity enables continued high growth of the existing range but also new product launches.
Stigmas linked to incontinence and menstruation still cause social isolation and inactivity, preventing people from participating fully in society and resulting in the loss of millions of work and school days every year. However, good opportunities still exist to improve handwashing routines. More can also be done to nudge young people to be more considerate as the pandemic rolls on. These are some of the observations in Essity’s biennial Essentials Initiative Survey 2020-2021 (http://reports.essity.com/2020-21/essentials-initiative-survey).
Essity Aktiebolag (publ) (”Essity”) gives notice of the Extraordinary General Meeting to be held on Wednesday, October 28, 2020.
Essity AB’s Board of Directors is proposing a dividend of SEK 6.25 per share and that the dividend proposal be addressed at an Extraordinary General Meeting on October 28, 2020.
Essity’s Interim report for the third quarter of 2020 will be published on October 22 at approximately 7:00 CET. In conjunction with publication, a telephone and web presentation will be held at 9:00 CET where President and CEO Magnus Groth will present and answer questions.