Essity's Key Outcomes from the Annual General Meeting 2025

Essity's Key Outcomes from the Annual General Meeting 2025

Essity has successfully conducted its Annual General Meeting at a prominent location, enabling shareholders to gain insights into the company’s financial direction and governance for the coming year. The meeting’s agenda was comprehensive, focusing on reviewing the financial performance for the past year.

Approval of Financial Statements

During the meeting, the shareholders unanimously approved both the Parent Company income statement and balance sheet, along with the consolidated income statement and consolidated balance sheet for the previous fiscal year. This approval is a crucial step in affirming the company’s commitment to maintaining transparency and accountability in its financial reporting.

Dividend Declaration

One of the significant announcements was regarding the dividend for the financial year 2024. The board proposed a dividend of SEK 8.25 per share, which reflects a commitment to returning value to shareholders. The record date for this dividend is set, ensuring shareholders can expect to receive their dividends promptly.

Remuneration and Financial Oversight

The meeting also focused on the remuneration of the directors. Each director not employed by the company is set to receive SEK 960,000, with the Chairman receiving SEK 2,880,000. Additional compensation was discussed for committee positions, which highlights the company's approach to incentivizing effective governance.

Board Composition Changes

Another pivotal aspect of the meeting was the re-election and appointment of board members. Members such as Maria Carell and Annemarie Gardshol were re-elected, while Alexander Lacik and Katarina Martinson joined the Board as new directors. This restructuring is aimed at bringing fresh perspectives to the Board's strategic discussions.

Future Financial Strategies

On the strategic financial front, the Annual General Meeting resolved to implement a cash-based incentive program reflecting the shareholders' confidence in the company's direction. This initiative is designed to align the interests of management with those of the shareholders, fostering a collaborative approach to achieving corporate goals.

Auditor Appointment

Furthermore, Ernst & Young AB has been appointed as the company’s auditor for a term that will extend until the end of the next scheduled Annual General Meeting. The selection of a reputable auditing firm underlines the company’s commitment to high standards of compliance and financial integrity.

Amendments to Company Structure

The meeting resolved to amend the articles of association. These amendments include measures for reducing share capital through cancellations of own shares, which can enhance shareholder value by optimizing capital structure.

Share Buy-Back Authorization

Additionally, the Board has been authorized to decide on the buy-back of Essity B shares. This authorization will remain effective until the next Annual General Meeting, allowing the company flexibility in managing its equity capital.

Minutes and Further Information

Shareholders and stakeholders interested in the proceedings can access the minutes from the Annual General Meeting on the company’s official website within two weeks. This provides an opportunity for transparency and allows stakeholders to stay informed about the company’s governance and decisions.

Frequently Asked Questions

What were the key financial approvals at the AGM?

The AGM approved the Parent Company and consolidated income statements and balance sheets for 2024.

What is the declared dividend for 2024?

A dividend of SEK 8.25 per share was declared for shareholders.

Who were the newly elected board members?

Alexander Lacik and Katarina Martinson were elected as new directors during the meeting.

What changes were made to the auditor appointment?

Ernst & Young AB was reappointed as the company's auditor until the end of the 2026 Annual General Meeting.

Where can I find the minutes of the meeting?

The minutes will be published on the company’s official website within two weeks after the meeting.

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