The Board of Directors of Swedencare AB (publ) ("Swedencare") has set the following financial and strategic goals for 2024.
The Board of Directors has appointed the company's CFO, Jenny Graflind, as the new CEO to lead the company towards the long-term goals. Jenny Graflind assumes her position as CEO on November 1, 2019.
The Board has at the same time updated the dividend policy as follows;
- Financially, sales in 2024 will reach 500 MSEK with an operating profit (EBIT) of at least 25%, at the same time as our customers perceive ProDen PlaqueOff® as the market's best product for dogs and cats dental and oral health.
- Swedencare will pay a dividend that takes into account the Group's earnings development and consolidation- and investment needs, liquidity and financial position. The goal is to pay a dividend of 40 percent of the profit after tax.
The current CEO Håkan Lagerberg continues to work on some strategic projects until the end of the year and then continues his work for Swedencare as a board member.
"My board colleagues and I are both grateful for, and impressed by, the work and energy that Håkan has contributed to the company's development into the global and highly profitable corporate group Swedencare is today. As we now increase market initiatives while setting new long-term financial goals, I am pleased to welcome Jenny as the new CEO, through which we will have continuity in our continued work to create a leading animal health company focused on oral health."
"Swedencare is now entering a new phase with new goals and I feel it is time to hand over operational responsibility after almost six years. With Jenny, Swedencare gets an extremely competent CEO who knows the business well and has the energy needed to take the company to new levels and success."
"It has been a great pleasure to work at Swedencare together with Håkan for almost three years and during that time we have had, to say the least, a fantastic development. I take over a well-functioning organization that is built on a wonderful and competent team together with a strong brand in an exciting industry. I look forward to taking over the baton and leading Swedencare into the future."
- Per Malmström, Swedencare's Chairman of the board
The work to review the finance functions have started, until decisions are made regarding this Jenny Graflind will remain in the role as CFO.
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