Swedencare AB (publ) (SECARE) Earnings Call Transcripts

Swedencare AB (publ)'s Latest Earnings Call - June 17, 2026

In the Q2 update for fiscal year 2026, Swedencare AB highlighted ongoing challenges but also positive developments, particularly in online sales and new market expansions. Revenue growth is expected to remain in double digits, with management maintaining a gross margin target of 58%-59%. The company anticipates improved profitability in Q3, following a challenging first half due to supply chain issues and distributor mergers affecting veterinary sales. Overall, the sentiment is cautiously optimistic as the company navigates these transitions.

Reported metrics

Guidance from management

Management expects improved profitability in Q3, with no material one-offs anticipated. They maintain a gross margin target of 58%-59% for the quarter.

What management said

Welcome to Swedencare's pre-quarter update, where Jenny and Hakan will provide a short presentation, followed by a Q&A. So please raise your hand if you have any questions. Over to you, Jenny and Hakan.

It's difficult to say because we also sell products to -- we manufacture products to brands that sell to them. So it's a very complex lots -- I mean, we have many products ending up in these sales channels. But direct sales for us on a yearly basis, I would say that it's between 20 million to -- I don't have the exact number, so USD 20 million, USD 30 million. That's my best guess, but don't hold me to it.

What analysts pressed on

Analysts expressed concerns about the impact of the distributor merger on veterinary sales, with questions about how structural changes could affect overall market dynamics. There is uncertainty regarding inventory levels and order changes during this transition.

Main topics on the call

• Revenue Growth Expectations — Management expects 'double-digit organic growth for the quarter', indicating confidence in sales performance despite recent challenges. This growth is supported by new market entries and increased online sales.
• Impact of Distributor Mergers — The merger of the two largest U.S. distributors, controlling over 60% of the market, is causing uncertainty. Hakan Lagerberg noted that 'how they will organize, we don't know as of yet', indicating potential disruptions ...
• Amazon Sales Normalization — Management indicated that issues with Amazon sales are expected to normalize by 'early to mid-Q3', which is crucial for recovery in online sales. This follows a challenging first half due to transparency issues.
• Gross Margin Stability — The company aims to maintain gross margins between 58% and 59%, consistent with previous quarters. Jenny Graflind stated, 'we expect to stay there for this quarter', which reflects stability amid inflationary pressures.

Read the full Swedencare AB (publ) transcript (June 17, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 21 Swedencare AB (publ) earnings call transcripts on record, spanning February 17, 2022 to July 22, 2026. Based on this history, Swedencare AB (publ) reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

SECARE

Exchange

OM

Country

SE

Sector

Health Care

Industry

Pharmaceuticals

Calls on record

21

First call

February 17, 2022

Most recent

July 22, 2026

Reporting cadence

quarterly