STOCKHOLM, Sweden (News release) -- The leading global hygiene and health company Essity Aktiebolag (publ) was listed on Nasdaq Stockholm and the company's Class A and Class B shares have commenced trading.
The listing of Essity is a result of the Annual General Meeting's decision on April 5, 2017 to split the SCA Group into two listed companies: forest products company SCA, and hygiene and health company Essity.
"I am very pleased that Essity's listing date has arrived. We believe this will increase value for our shareholders in the long-term through increased focus, customer value, development opportunities, and enables us to successfully realize our strategies. We are now looking forward to an exciting future for the hygiene and health company Essity," says Magnus Groth, President and CEO of Essity.
The name Essity stems from the words 'essentials' and 'necessities', a fitting name for the new hygiene and health company that offers products for everyday necessities. Essity develops, produces and sells products and solutions in Personal Care, Consumer Tissue and Professional Hygiene and the vision is; dedicated to improving well-being through leading hygiene and health solutions.
"The global population is both growing and getting older, and hygiene and health are necessities for better lives. Our products and solutions play an essential role in improving well-being for people around the world," says Magnus Groth, President and CEO of Essity.
Essity conducts sales in about 150 countries under many strong brands, including the leading global TENA and Tork, and other brands such as Leukoplast, Libero, Libresse, Lotus, Nosotras, Saba, Tempo, Vinda and Zewa. Essity has about 48,000 employees and in 2016, net sales amounted to approximately SEK 101bn (EUR 10.7bn).