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Essity's Annual Report 2024: A Testament to Growth and Sustainability

Essity, a prominent name in hygiene and health, has released its Annual Report for 2024, highlighting not just financial stability but also innovative strategic directions. According to CEO Magnus Groth, the company is performing stronger than ever, backed by years of structural improvements that have allowed it to set ambitious financial goals.

In 2024, Essity achieved impressive sales figures, amounting to SEK 146 billion, and recorded a profit of SEK 20.3 billion, which is the highest in the company’s history. This remarkable growth rate is particularly noteworthy as it spans across several of Essity’s most lucrative product categories, demonstrating not only a commitment to profitability but also a substantial increase in market share.

Key Highlights from the Report

The Annual Report provides a thorough examination of Essity's operational strategies, which have been pivotal in driving success. These include:
1. Share Buyback Program: The initiation of a share buyback program signals the company’s confidence in its financial health and willingness to return value to its shareholders.
2. Profitable Growth Acceleration: The report emphasizes strategies that have successfully spurred profitable growth, showcasing the results of rigorous efforts in improving business operations.
3. Sustainability Initiatives: Essity has placed sustainability at the core of its business model, indicating that their growth is designed to be environmentally responsible. The company has outlined its ongoing efforts in the reports and future goals toward achieving sustainability in all aspects of its operations.

Reflecting on the past year, Groth remarked, "The profitable foundation we've established over several years allows us to launch new, ambitious financial targets. Our results speak to the hard work invested in structural improvements."

This report not only provides financial insights but also portrays Essity's commitment to its stakeholders, including customers, investors, and the environment. The detailed insights can be attributed to the progressive approach towards market demands, coupled with rigorous performance assessments.

Download the Full Report

For those interested in a comprehensive understanding of Essity’s strategies and financial performance, the complete report, including the CEO's message and insights into the company’s strategic priorities, is available for download at essity.com.

As always, transparency remains an essential aspect of Essity’s operations, fulfilling their obligations under the Securities Markets Act. This provides an additional layer of trust for investors and stakeholders tracking the company’s trajectory.

Conclusion

Essity's 2024 Annual Report serves as more than just a financial document; it is a showcase of the company's growth strategy, commitment to sustainability, and proven results in the hygiene and health sectors. As they continue to innovate and improve, stakeholders can hold high expectations for what the future holds for Essity. With ongoing efforts to enhance profitability while prioritizing ecological responsibility, Essity stands as an example of modern corporate success.

For more detailed queries, the company can be contacted through the following representatives:

• - Karl Stoltz, Public Relations Director, +46 70 942 63 38
• - Per Lorentz, Vice President Corporate Communications, +46 73 313 30 55
• - Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89;