LR Health & Beauty welcomes Jörg Körfer as new CEO – focus remains on growth and operational excellence
Jörg Körfer has extensive expertise in global direct sales from his many years of management experience with international companies. Among other things, he spent 14 years at Vorwerk (CEO Kobold and CEO Thermomix) and served as Chairman of the Advisory Board at Bofrost for six years, as well as acting as CEO in an advisory capacity. He will now bring this experience to LR and continue to exploit the full potential of Europe's leading social commerce platform in line with the strategy that has been pursued.
The Supervisory Board would like to express its sincere thanks to the two departing members of the Management Board for their trust and dedication. Under Dr Laabs' leadership in particular, LR has developed excellently over the past eleven years and is ideally positioned to enter its next phase of growth. Since joining LR in 2014, Dr Laabs has played a key role in shaping the company and successfully transformed LR from a traditional direct sales model into a globally active social commerce company. The key milestones of his tenure include the digitalisation of the business model, several of LR's most successful product launches, and infrastructure projects such as the insourcing of Aloe Vera Drinking Gels in 2018 and the opening of the IT hub in Athens, all of which have contributed significantly to LR's current position.
Andreas Grootz is leaving the company after fourteen years. He established capital market-compatible governance structures at LR and drove forward the opening of new markets.
The Supervisory Board is confident that Mr Körfer is the right successor to LR to continue the success story started by Dr Laabs and his team.
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6 days ago
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LR Health & Beauty welcomes Jörg Körfer as new CEO – focus remains on growth and operational excellence
AHLEN, Germany--(BUSINESS WIRE)--LR Health & Beauty SE announces that Mr Jörg Körfer has been appointed Chief Executive Officer (CEO). He will take over the responsibilities of the previous members of the Management Board, Dr Andreas Laabs and Andreas Grootz, with effect from 1 August 2025. Both gentlemen will leave the company by mutual agreement on 31 July 2025. In order to further strengthen the management team in the future, the Supervisory Board is exploring options for another complementary member of the Management Board. Jörg Körfer has extensive expertise in global direct sales from his many years of management experience with international companies. Among other things, he spent 14 years at Vorwerk (CEO Kobold and CEO Thermomix) and served as Chairman of the Advisory Board at Bofrost for six years, as well as acting as CEO in an advisory capacity. He will now bring this experience to LR and continue to exploit the full potential of Europe's leading social commerce platform in line with the strategy that has been pursued. The Supervisory Board would like to express its sincere thanks to the two departing members of the Management Board for their trust and dedication. Under Dr Laabs' leadership in particular, LR has developed excellently over the past eleven years and is ideally positioned to enter its next phase of growth. Since joining LR in 2014, Dr Laabs has played a key role in shaping the company and successfully transformed LR from a traditional direct sales model into a globally active social commerce company. The key milestones of his tenure include the digitalisation of the business model, several of LR's most successful product launches, and infrastructure projects such as the insourcing of Aloe Vera Drinking Gels in 2018 and the opening of the IT hub in Athens, all of which have contributed significantly to LR's current position. Andreas Grootz is leaving the company after fourteen years. He established capital market-compatible governance structures at LR and drove forward the opening of new markets. The Supervisory Board is confident that Mr Körfer is the right successor to LR to continue the success story started by Dr Laabs and his team.
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Tryg A/S – interim report Q2 and H1 2025
Tryg's Supervisory Board has today approved the interim report for Q2 and H1 2025. Tryg reported an insurance service result of DKK 2,307m (DKK 2,020m) and a combined ratio of 77.2% (78.8%) in Q2 2025. The higher insurance service result was supported by a growth of 4.0% (3.9%) in local currencies and a continued underlying profitability improvement. The investment result was at DKK 110m (DKK 538m). Pre-tax profit was DKK 2,035m (DKK 2,129m) and profit after tax was DKK 1,531m (DKK 1,642m). Ordinary dividend of DKK 2.05 (DKK 1.95) per share for the quarter, is an increase of more than 5% from last year. The reported solvency ratio at the end of Q2 2025 was 199% (195% Q1 2025), supportive of future shareholder highlights Q2 2025 Insurance revenue growth of 4.0% in local currencies (3.9%) Insurance service result of DKK 2,307m (DKK 2,020m) Combined ratio of 77.2% (78.8%) Expense ratio of 13.5% (13.6%) Investment result of DKK 110m (DKK 538m) Profit before tax of DKK 2,035m (DKK 2,129m) Ordinary dividend of DKK 2.05 (DKK 1.95) per share and solvency ratio of 199% (195% Q1 2025) Financial highlights H1 2025 Insurance revenue growth of 3.9% in local currencies (4.4%) Insurance service result of DKK 3,846m (DKK 3,300m) Combined ratio of 80.7% (82.7%) Expense ratio of 13.4% (13.6%) Investment result of DKK 430m (DKK 650m) Profit before tax of DKK 3,526m (DKK 3,136m) Ordinary dividend of DKK 4.10 (DKK 3.90) per share and solvency ratio of 199% Customer highlights Q2 2025 Customer satisfaction score of 82 (baseline 2024 is 81) Statement by Tryg Group CEO, Johan Kirstein Brammer:In the past quarter, we have continued to strengthen our core business, allowing us to report a strong insurance service result for Q2 2025 and maintaining a solid combined ratio. We have once again managed to increase our customer satisfaction, while at the same time improving our underlying claims ratio. We are sustaining strong early progress as we execute our 2027 strategy as a result of several targeted initiatives across our markets such as continued profitability improvements in Norway, while we are firmly in control of developments in the motor portfolio as frequencies and average claims develop favourably. New accounting policy: Adjusted financial key figures In March 2025, Tryg published a newsletter on a change in the hedging strategy of inflation risk related to long-tailed lines of business. In accordance with accounting regulation, comparison figures have been restated. Q2 2024 was significantly affected, hence a comparison of reported and restated figures are shown below. The restatement simply moves income between the insurance service result and the investment result, and hence the profit/loss before tax is unchanged. For more details on the inflation hedge, see the IR newsletter. Restated key figures for Q2 2024 (*): DKKm Q2 2025 Q2 2024reported Q2 2024 restated Insurance service result 2,307 2,212 2,020 Net investment result 110 347 538 Other income and costs -381 -430 -430 Profit/loss before tax 2,035 2,129 2,129 Conference callTryg hosts a conference call today at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen, CTO Mikael Kärrsten and Head of Financial Reporting, SVP Gianandrea Roberti will present the results in brief followed by Q& conference call will be held in English. An on-demand version will be available shortly after the conference call has ended. Conference call details:Danish participants: +45 78 76 84 90UK participants: +44 203 769 6819US participants: +1 646 787 0157PIN: 560768 The interim report material can be downloaded on shortly after the time of release. Contact information: Gianandrea Roberti, Head of Financial Reporting, SVP, +45 20 18 82 67, Robin Hjelgaard Løfgren, Head of Investor Relations, +45 41 86 25 88, Camilla Lercke Odgaard, Head of Communications, SVP +45 53 39 23 84, Visit for more information. Attachment Interim Report Q2 and H1 2025 - TRYG A_SError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
