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Our business, especially in Sweden is performing well but the transformation of the UK operations is still ongoing
CEO & President, Carl-Johan Zetterberg Boudrie
Good organic growth for Careium. Action program with a focus on restoring profitability.
CEO & President, Carl-Johan Zetterberg Boudrie
The first quarter delivered strong organic growth and we have seen good development in all markets
CEO & President, Carl-Johan Zetterberg Boudrie
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Careium reports third quarter results 2024

The quarter in summary · Net sales amounted to SEK 201.7 million (217.3), a decrease of 7.2 percent, as sales cycles were affected by prolonged lifetime of analog (UK) and 2G/3G (SWE) networks · Service sales was SEK 164.3 million (159.3) · Product sales was SEK 37.4 million (58.0) · Gross margin was 42.8 percent (43.5) · Operating profit (EBIT) amounted to SEK 16.5 million (20.7), corresponding to an operating margin of 8.2 percent (9.5) · Net result was SEK 10.8 million (12.1) and earnings per share was SEK 0.41 (0.47) · Free cash flow was SEK 3.3 million (-9.

Careiums AB’s Nomination Committee for the 2025 Annual General Meeting

In accordance with the decision by Careium AB’s Annual General Meeting (AGM) on April 25, 2024, the chairman of the board, Maria Khorsand, has summoned the Nomination Committee.After consultation with the major shareholders of the company as per 30 September 2024, the committee consists of the following members: · Peter Lindell, Cidro Capital Förvaltning, appointed commitee Chairman, · Mark Shay, Accendo Capital · Richard Torgerson, Nordea Funds · Maria Khorsand, Chairman of the Board, adjunct member of the Nomination Committee The Nomination Committee will prepare

Careium wins multi-year contract with Oslo Municipality

Careium, the European champion in technology enabled care, has agreed a new contract with Oslo Municipality for servicing Oslo’s 11 5000 seniors in need of telecare solutions and response services. The new contract, the largest-scale in all of Norway for similar services, spans 3 fixed years with three potential extensions of 1 + 1 + 1 additional years, leading to a contract time of 3-6 years. Annual value is estimated at SEK 50m per year, with the option to add additional services onto the contract. “We are immensely proud of Oslo, with its high focus on innovation and quality, choosing

Invitation to presentation of Careium’s third quarter report 2024

Careium will publish its third quarter report 2024 on October 25, 2024 at 8am (CEST).A live broadcast report presentation will be held at 12pm (CEST) the same day.President and CEO Christian Walén toghether with CFO David Granath presents and comments the report.  The presentation will be a webcast held in english and can be accessed at the following link:https://youtube.com/live/-USLGUhKfQU?feature=share The presentation will be available on  https://www.careium.com/sv-se/investerare/ekonomisk-information/presentationer/ after the live broadcast.

Careium revises full-year outlook due to infrastructure transition delays in the UK and Sweden

Careium, the European champion in technology enabled care, has revised its full-year growth outlook downward due to infrastructure transition delays affecting its business more than expected, and it has clarified its profit outlook, reaffirming an increase in EBIT for 2024. The delays stem from the UK’s announcement of a two-year extension in March 2024 for its transition from analogue to digital landlines. Similarly, Sweden extended its 2G and 3G infrastructure by an additional year, as announced in May 2024.New outlook:For the full year 2024, Careium expects an organic sales growth of

Careium Appoints Alexander Jubner as Chief Technology Officer

Careium is pleased to announce the appointment of Alexander Jubner as Chief Technology Officer, overseeing R&D, product management, and serving as a member of the Group Management team. Alexander brings extensive experience from his previous role as VP of Engineering and Head of AI at Neonode, a cutting-edge technology company. His educational background includes an M.Sc. in Mathematics and Mechanical Engineering from KTH Royal Institute of Technology. Alexander has also held leadership roles in technology and business development at Etteplan, Scania, and Electrolux before his tenure at

Careium launches SaaS alarm management and IoT platform i-Care Center, securing MD Medicus as the first external customer

Careium, a European champion in technology enabled care, announces the launch of i-Care Center, a unique end-to-end SaaS platform for management of alarms, sensors and IoT solutions for seniors, enabling rich, safe, and active lives via the Careium ecosystem. The first customer, MD Medicus, is a leading player within medical and care services, based in Germany with a genuinely global footprint. MD Medicus serves more than 60,000 connected seniors with its care services, and in addition provides care and healthcare support via its insurance partners to 20 million people worldwide. The

David Granath appointed CFO of Careium from 22 August 2024

Careium, the European champion in technology enabled care, has appointed David Granath CFO effective 22 August 2024. David comes most recently from the CFO role at an energy storage company Polarium and was previously CFO at an e-commerce group Qliro Group, both publicly listed companies. He brings international experience from a long career in finance across its multiple sub-disciplines as he started his career at Applied Value, a management consultancy based in the US. David holds a Master’s degree in industrial management and engineering from Linköping University. “I’m thrilled to

Careium reports second quarter results 2024

The quarter in summary · Net sales amounted to SEK 229.4 million (213.8), an increase of 7.3 percent. Service sales amounted to 163.3 million (158.9), an increase of 2.8 percent. Product sales amounted to 66.1 million (54.9), an increase of 20.5 percent. · Gross margin amounted to 41.7 percent (42.2). · Operating profit (EBIT) amounted to SEK 21.8 million (14.6), corresponding to an operating margin of 9.5 percent (6.8). · Free cash flow amounted to SEK 0.5 million (7.7). · Earnings per share amounted to SEK 0.54 (0.59).   January-June in summary · Net sales

Invitation to presentation of Careium’s second quarter report 2024

Careium will publish its second quarter report 2024 on July 12, 2024 at 8am (CEST). A live broadcast report presentation will be held at 12pm (CEST) on the same day where CEO Christian Walén will present the report and answer questions. The presentation will be webcast and can be accessed at the following link.https://www.youtube.com/live/-a5NvD6RY0w  The presentation will be available on https://www.careium.com/en-gb/investors/financial-information/presentations2/ after the live broadcast.

Careium launches unparalleled connectivity resilience with state-of-the-art rSIM ® technology.

Careium, the European innovation leader in technology-enabled care, now enabling customers and users to rely on state-of-the-art technology for connectivity resilience – rSIM. “This is an innovation milestone that we have been working on for years, as even short-term disruptions in connectivity uptime create significant service risks for our seniors across Europe. We are very pleased to offer our markets this innovative solution, launched in the latest stage of our recently renewed 15-year strategic partnership with CSL," says Christian Walén CEO at Careium. The rSIM is the world’s

Stefan Berg leaves the Careium board due to new role

Stefan Berg, having been a part of the Careium board for two years, leaves his board role due to taking up a new role that will require his available time. Stefan Berg leaves the role on 16 June due to taking up a new operative position. "Stefan has been a key contributor to the development of Careium during the course of the last two years via his board commitment, where his technical experience and competence have been valuable in advancing the leadership position within technology enabled care. Stefan will be missed, and we wish him all the best in his new role” comments Maria

Press release from Careium AB:s (publ) Annual General Meeting 2024

Careium's Annual General Meeting was held at St Gertrud Konferens, Malmö on Thursday April 25, 2024 at 1 pm. At the Annual General Meeting, the following were resolved, among other things: · to adopt the income statement and the balance sheet, and the consolidated income statement and the consolidated balance sheet for 2023; · to approve the remuneration report; · that no dividend should be distributed in accordance with the proposal from the board of directors; · to grant discharge from liability for the members of the board of directors and the Managing Directors for 2023;

Careium reports first quarter results 2024

The quarter in summary · Net sales amounted to SEK 210.7 million (194.0), an increase of 8.6 percent. Service sales amounted to 155.0 million (142.5), an increase of 8.8 percent. Product sales amounted to 55.8 million (51.6), an increase of 8.1 percent. · Gross margin amounted to 42.9 percent (38.9). · Operating profit (EBIT) amounted to SEK 19.1 million (7.3) corresponding to an operating margin of 9.1 percent (3.8). · Free cash flow amounted to SEK 16.6 million (28.2). · Earnings per share amounted to SEK 0.56 (0.23).   CEO’s commentary Careium delivers a solid

Careium appoints Joe McLoughlin as the Regional Managing Director in the UK

Careium, the European champion in technology enabled care, appoints Joe McLoughlin as the Regional Managing Director in the UK. Mr McLoughlin is an industry veteran, with a technical and commercial background. He has profound experience within sales, business transformation, and executive leadership. Joe currently holds the role of Managing Director at the Careium competitor, Astraline, a high growth and strong innovation company, that is a part of the Johnnie Johnson Housing and the Sanctuary Group. Over the course of his career, Joe has contributed to the work of the TSA – The

Invitation to presentation of Careium’s first quarter report 2024

Careium will publish its first quarter report 2024 on April 25, 2024 at 8am (CEST). A live broadcast report presentation will be held at 10am (CEST) on the same day where CEO Christian Walén will present the report and answer questions.The presentation will be webcast and can be accessed at the following link.https://www.youtube.com/watch?v=w-yZlVxP2VA  The presentation will be available on https://www.careium.com/en-gb/investors/financial-information/presentations2/ after the live broadcast.

Notice of the Careium AB Annual General Meeting 2024

The shareholders in Careium AB (publ) reg. no. 559121–5875 (“the Company”) is hereby invited to the annual general meeting on Thursday 25 April 2024 at 1 pm on Sankt Gertrud Konferens, Östergatan 7B, 211 25 MalmöRegistration takes place from 12 noon. Before the meeting light snacks and drinks are served. Members of the executive management are present to answer questions from the shareholders. RIGHT TO ATTEND AND NOTIFICATION In order to have the right to attend the annual meeting a person must be: · registered in the register of shareholders maintained by Euroclear Sweden AB as

Careium reports fourth quarter results 2023

The quarter in summary · Net sales amounted to SEK 199.4 million (196.2), an increase of 1.7 percent. Service sales amounted to 154.1 million (145.1), an increase of 6.2 percent. Product sales amounted to 45.3 million (51.1), a decrease of 11.3 percent. · Gross margin amounted to 40.2 percent (39.4). · Operating profit (EBIT) amounted to SEK 16.7 million (13.2), corresponding to an operating margin of 8.4 percent (6.7). The EBIT last year was positively affected by SEK 3.9 million from non-recurring items. · Free cash flow amounted to SEK 35.8 million (-53.4). · Earnings

Invitation to presentation of Careium’s 2023 Year-end report

Careium will publish its Year-end report for 2023 on February 15, 2024 at 8am (CET). A live broadcast report presentation will be held at 10am (CET) on the same day where CEO Christian Walén will present the report and answer questions.The presentation will be webcast and can be accessed at the following link.https://youtube.com/live/3TLrTIbtBVQ?feature=share  The presentation will be available on https://www.careium.com/en-gb/investors/financial-information/presentations2/ after the live broadcast.

Careium welcomes Q Technology Group as a shareholder

Careium welcomes Hong-Kong based Q Technology Group (Q-tech) as a new shareholder following the share purchases from Accendo Capital on January 15, 2024. Q-tech acquired 5.0% of Careium’s total share capital. Q-tech, listed on the Hong Kong stock exchange, is a market leader in innovative electronics working with a number of large-scale Western and Asian technology companies as customers. Q-tech acquired the shares at an average price of 26.50 SEK per share. Christian Walén, CEO of Careium: “We are pleased to see the investment from Q-tech which, as a part of their extended business

Careium ranked as number one on substantial UK framework

Careium has been awarded a significant contract for the supply of telecare equipment as part of a re-tendered framework agreement. It covers the requirements of Leeds City Council and Kirklees Council, Wakefield Metropolitan District Council, East Riding of Yorkshire Council, City of Bradford Metropolitan District Council, Calderdale Metropolitan Borough Council and Middlesborough Council. The framework will provide telecare equipment that will promote and maintain the independence and well-being of residents who require such support. The tender included a rigorous assessment of products,

Careium implements organisational changes for stronger commercial development and changes the management of its Swedish operations.

Careium appoints Martin Puumalainen, currently Head of Nordic and Export Markets, to the role of Chief Commercial Officer, with responsibility for the commercial development of all regions and central marketing and sales functions. Martin will start on December 1, 2023, and will be responsible for consolidating the company's commercial activities, creating an enhanced interface between R&D, the Supply Chain, and the market, and strategically leading the company's sales development. “During his years in the business, Martin has created great value and strong sales development, especially

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