An announcement from Essity AB ( ($SE:ESSITY.B) ) is now available.
Essity has initiated a buyback program for its Class B shares, repurchasing 102,990 shares as part of a SEK 3 billion initiative. This program, in compliance with EU regulations, aims to use cash flow from operations for share buybacks, marking a strategic move in Essity’s capital allocation strategy.
More about Essity AB
Essity is a leading global company in the hygiene and health sector, providing products and services used by a billion people daily across approximately 150 countries. The company operates under well-known brands such as TENA, Tork, and others, with headquarters in Stockholm, Sweden, and is listed on Nasdaq Stockholm.
YTD Price Performance: 7.11%
Average Trading Volume: 765
Technical Sentiment Signal: Strong Sell
Current Market Cap: $19.33B
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