Better Collective proposes new board member ahead of AGM
Better Collective’s Nomination Committee has proposed ahead of the group’s Annual General Meeting (AGM) on 22 April 2025. Plenborg, currently Chair of Danish logistics company DSV and a professor at Copenhagen Business School, is set to replace outgoing board member Petra Von Rohr, who is stepping down after seven years of service.
Leadership changes at Better Collective
The committee has also recommended the re-election of all current board members, including Chair Jens Bager and Vice Chair Therese Hillman.
Jens Bager, Chair of the Board, expressed gratitude towards Von Rohr, stating, “On behalf of the Board, company and Founders, I would like to express our sincere appreciation to Petra Von Rohr for her dedicated service over the past seven years on the Board of Better Collective.”
Plenborg’s extensive experience in corporate governance and finance is expected to strengthen the company’s strategic direction as it navigates an evolving global market.
Share buy-back programme
Recently, Better Collective A/S announced the initiation of a share buy-back programme worth up to EUR 10 million. The programme will run from 20 February to 16 April 2025, with the primary objectives of optimising the company’s capital structure, fulfilling long-term incentive (LTI) obligations, and covering future acquisition commitments.
Better Collective wants to strengthen its capital structure by decreasing share capital through share repurchase. The programme will also make the company fulfill its LTI programme obligations and reserve shares for future acquisitions. Through share repurchase, the company wants to retain financial flexibility while strengthening investor confidence.
Q4 2024
In February, Better Collective published its Q4 and full-year 2024 financial results, reporting a total revenue of €96 million for the final quarter and €371 million for the full year. The figures mark a strong performance, with Q4 revenue rising by 13 percent year-on-year and recurring revenue increasing by 28 percent to reach €63 million.
The firm’s earnings before interest, taxes, depreciation and amortisation (EBITDA) excluding special items also continued to grow steadily, hitting €34 million for Q4, a 14 percent increase compared to the year before. This was supported by a strong EBITDA margin of 35 percent. On a full-year basis, EBITDA excluding special items climbed 2 percent to €113 million, with an EBITDA margin of 31 percent.
