Swedencare boosts European expansion with NaturVet launch and strong half-year growth

Swedencare reports 4% quarterly revenue growth amid strategic efforts to strengthen its European footprint, including the launch of NaturVet and rapid expansion in key markets.

Swedencare, the Malmö-based pet healthcare group, said second-quarter net revenue rose 4% year on year to 670.0 MSEK, as organic growth adjusted for currency effects reached 7%. Operational EBITDA increased to 129.4 MSEK, giving a margin of 19.3%, while operating cash flow more than doubled to 78.2 MSEK.

The company also moved to broaden its European footprint, launching NaturVet in the region and completing the transfer of the brand’s European Amazon operations. Swedencare said the shift should strengthen direct online sales and support wider distribution.

Profit after tax improved sharply to 23.7 MSEK from a loss of 6.9 MSEK a year earlier. For the first half, revenue advanced 3% to 1,320.3 MSEK and operating cash flow reached 143.5 MSEK.

Performance was uneven across markets. North America fell 3% organically after a delayed launch with a new FDMC customer, although management expects a firmer second half as online, big-box and veterinary channels improve. By contrast, Europe and production posted strong organic growth of 19% and 25% respectively.

Swedencare said Summit Vet, its recent acquisition, grew by more than 20% in the quarter. The company also appointed Svensk Kapitalmarknadsgranskning AB as Certified Adviser, effective 1 October 2026.