STOCKHOLM, March 31, 2025 /PRNewswire/ — Sweco (NASDAQ: SWEC-B) has concluded a successful 2024, achieving strong growth and profitability, driven by the ongoing green transition and expanding areas such as security, defence and digitalisation. Net sales rose by 8 per cent, and EBITA increased by 20 per cent year-on-year. With 22,000 experts working on 150,000 projects, Sweco strengthens its position as Europe’s leading architecture and engineering consultancy.

Key financial highlights for 2024 include:

Net sales surpassing SEK 30 billionEBITA exceeding SEK 3 billionA full-year double-digit margin, the first in over a decade

The green transition remained a core driver in all Sweco’s markets and positively impacted the energy and industry segments. Most business areas experienced good market conditions in the infrastructure, water, environment and energy segments. Sweco also noted increasing demand in segments such as defence and security, pharma, health care and data centres, while parts of the real estate and industrial segment remained weaker.

“2024 was a successful year with good growth and strong profitability. I am proud that Sweco’s experts play such a vital role in planning and designing a stronger, more competitive and resilient Europe. We have a strong position in advising clients in the green transition, and we grow in areas such as defence and security. Digitalisation and AI served as powerful means to further accelerate internal efficiency, create value in client projects and evolve the service offering,” says Åsa Bergman, President and CEO of Sweco.

Sweco remains one of the industry’s most attractive employers, with high employee satisfaction and decreasing voluntary turnover. In 2024, Sweco recruited 3,500 new employees through active recruitment and acquisitions. Despite lower industry-wide transaction activity, Sweco successfully completed three acquisitions and is well-positioned for further growth.

Sweco’s client-focused approach was confirmed in the annual survey with an average client satisfaction score of 8.8 out of 10. 

Sweco’s primary contribution to sustainable societal development, including reduced carbon footprint, is manifested through the 150,000 ongoing client projects for the private and public sector. In its own operations, Sweco’s goal is to achieve net-zero emissions by 2040 and to halve the company’s emissions by 2030 from base-year 2020 levels. In 2024 Sweco received validation and approval of its near-term emissions reduction targets from the Science Based Targets initiative (SBTi). 

This disclosure contains information that SWECO is obliged to make public pursuant to the Swedish Securities Markets Act (2007:528). The information was submitted for publication, through the agency of the contact person, on 31-03-2025 07:20 CET.

For additional information, please contact:
Anna E Olsson, Head of Press, Sweco Group, +4670 557 33 26, anna.e.olsson@sweco.se

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Shareholders have rejected Align Partners’ proposal for a cumulative voting system, reaffirming board independenceKey agenda items, including the appointment of outside directors and the retirement of 650,000 treasury stocks to enhance shareholder returns, were approved

SEOUL, South Korea, March 31, 2025 /CNW/ — Coway Co., Ltd., the “Best Life Solution Company,” has announced that it has today held its 36th Annual General Meeting (AGM) at its Yugu office in Gongju City, Chungcheongnam Province, South Korea.

During the AGM, shareholders approved key agenda items that included the ratifying of financial statements, consolidated financial statements and statements of the appropriation of retained earnings; the appointment of outside directors; the appointment of audit committee members; the approval of limitations on directors’ remuneration; and capital reduction for the purpose of treasury shares’ cancellation.

Shareholders also rejected Align Partners Capital Management Inc.’s (“Align Partners”) proposal to introduce a cumulative voting system. A Coway official stated, “Our shareholders have reaffirmed that the current board operation ensures sufficient operational independence and transparency, making it suitable for ongoing sustainable growth and shareholder value enhancement.”

As part of its mid-to-long-term shareholder return policy, Coway approved the retirement of approximately 650,000 treasury shares. The company also announced plans to continue repurchasing and canceling treasury shares to significantly increase the total shareholder return rate from 20% to 40%, alongside other measures designed to further enhance shareholder value.

This year’s AGM also saw Coway appoint Jungho Kim, Professor at the Graduate School of International Studies of Korea University, and Taehong Kim, CEO of Growth Hill Asset Management Co., Ltd., as new outside directors, while Gilyeon Lee was reappointed to the same role. Taehong Kim and Gilyeon Lee have also been appointed as audit committee members, while Align Partners’ nominee for outside director and audit committee member voluntarily resigned, resulting in the agenda item’s dismissal.

Jangwon Seo, CEO of Coway, said, “Increased investment in R&D to the end of developing innovative products and technologies has resulted in strong sales growth for our Icon water purifier series and BEREX mattress and massage chair range across both domestic and global markets, reinforcing our status as stable performers within the market. Moving forward, we will work to further strengthen our core businesses, enhance shareholder returns and advance governance in order to increase corporate value and shareholder trust.”

About Coway Co., Ltd.

Established in Korea in 1989, Coway, the “Best Life Solution Company,” is a leading environmental home appliances company making people’s lives healthy and comfortable with innovative home appliances such as water purifiers, air purifiers, bidets, and mattresses. The company’s most recent venture, the BEREX brand, aims to improve sleep and wellness through cutting-edge mattresses and massage chairs. Since being founded, Coway has become a leader in the environmental home appliances industry, with intensive research, engineering, development, and customer service. The company has proven dedication to innovation with award-winning products, home health expertise, unrivaled market share, customer satisfaction, and brand recognition. Coway continues to innovate by diversifying product lines and accelerating overseas business in Malaysia, USA, Thailand, China, Indonesia, Vietnam, Japan, and Europe, based on the business success in Korea. For more information, please visit http://www.coway.com/ or http://newsroom.coway.com.

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SOURCE Coway Co., Ltd.

TAMPERE, Finland, March 31, 2025 /PRNewswire/ — Treon, a leading IoT company, announced today an agreement with Amazon Web Services (AWS) to offer Amazon Monitron technology, including its connected wireless sensors and advanced AI-driven machine learning capabilities. Treon will integrate Amazon Monitron technology into its existing products and services, enhancing Treon’s condition-based monitoring solutions at scale.

With extensive experience in industrial IoT, Treon collaborates with global leaders in logistics and industrial sectors to drive operational efficiency and data-driven decision-making. The Treon Connect platform, now enhanced with Amazon Monitron’s capabilities, strengthens Treon’s condition monitoring offering, giving customers the flexibility to use Treon’s modular platform, enabling faster fault detection and improved equipment reliability.

“We are honored to incorporate Amazon Monitron technology into our offering- a strong recognition of our team’s capability to ensure steady manufacturing operations on a global scale. The agreement expands our reach to a wider range of equipment, new customers, and advances our AI initiatives for Treon Connect, ultimately delivering even greater business value for our partners and customers worldwide.”

— Joni Korppi, CEO of Treon

Expanding condition monitoring with AI-powered wireless sensor solutions

Treon now provides broad coverage across a wide range of industrial equipment, supporting multiple maintenance approaches—from routine operational monitoring to advanced performance optimization.

Treon Industrial Node C – AI-driven wireless condition monitoring
Treon introduces Treon Industrial Node C, incorporating Amazon Monitron technology, while maintaining the same form factor that existing Amazon Monitron customers are familiar with. The cost-effective, wireless sensor is designed for equipment like conveyors and affordable motors, enabling AI-driven fault detection.Treon Industrial Node X – High-performance wireless early fault detection
Treon Industrial Node X delivers best-in-class performance with AI-driven early-stage fault detection and diagnostics for equipment such as large motors and gearboxes. It optimizes maintenance scheduling, providing sufficient lead time to reduce rush costs and unplanned downtime while extending equipment lifespan.

By integrating these sensors into the Treon Connect platform, businesses can reduce maintenance costs, optimize performance, and improve equipment reliability while minimizing unplanned downtime with AI-driven fault detection.

Both AWS and Treon will be present at Hannover Messe 2025, with Treon at the Predictive Maintenance Pavilion in hall 09, stand F18/7, and AWS in hall 15 (Digital Ecosystem), stand D76.

To learn more about Treon’s condition monitoring solutions, visit Treon or contact the Treon team for further details.

About Treon

Treon is a leading technology company with a mission to help businesses improve productivity, enhance operational visibility, and sustainability. Its platform, Treon Connect, boosts operational efficiency by utilizing data-driven automation to extend machine lifespan, monitor assets, increase productivity, and ensure safety across industries. Treon is trusted by global leaders to provide secure, customized products that integrate seamlessly into existing business solutions.

Treon press inquiries
Samah Zain, Head of Growth
samah.zain@treon.fi
+358-505507331

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