Why is Swedencare stock plunging today?

Swedencare AB's stock saw a dramatic 19.1% drop to SEK19.06 after the company released its Q3 2026 interim report before the market opened. The report revealed a revenue and earnings miss due to production disruptions, lower European veterinary sales, and supply-chain issues that delayed deliveries and affected online sales. While revenue increased by 3% year-on-year to SEK732.2 million, it was significantly below the analyst consensus of SEK762 million.

Additionally, currency-adjusted organic growth slowed to just 2%, a sharp decline from 7% in the previous quarter and far below what investors had anticipated. Swedencare also reduced its full-year organic growth target to around 6%, stating that double-digit growth for 2026 is no longer probable. Furthermore, CEO Håkan Lagerberg, who has led the company for a decade, announced his departure no later than the third quarter of 2027, adding to the leadership transition concerns among investors at a time when confidence in the company's near-term performance is already waning.

Despite the Stockholm Stock Exchange opening slightly higher that day, the company's specific shock overwhelmed broader market support, pushing Swedencare to a new 52-week low of SEK18.54 and marking one of the most significant declines on the Stockholm exchange that day.