B 
75.00
+0.81%
Close of 9 Nov 2026, in SEK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 2.15bn
FY2019FY2025
Net income
SEK 88.1m
FY2019FY2025
Free cash flow
SEK 269.2m
FY2019FY2025
Shareholders' equity
SEK 673.8m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.15bn | SEK 1.99bn | SEK 1.87bn | SEK 1.82bn | SEK 1.87bn | SEK 1.77bn | SEK 1.79bn |
| Research and development | SEK 30.3m | SEK 25.6m | SEK 25.7m | SEK 23.1m | SEK 22.2m | SEK 21.4m | SEK 19.7m |
| Operating income | SEK 111.8m | SEK 75.1m | SEK 69.5m | SEK 51.8m | SEK 81.1m | SEK 43.2m | SEK 49.6m |
| Net income | SEK 88.1m | SEK 41.9m | SEK 40.6m | SEK 29.8m | SEK 50.5m | SEK 4.3m | SEK 45.8m |
| Diluted earnings per share | 5.37 | 2.59 | 2.51 | 1.85 | 3.31 | 0.54 | 5.72 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.65bn | SEK 1.68bn | SEK 1.48bn | SEK 1.45bn | SEK 1.49bn | SEK 1.40bn | SEK 1.38bn |
| Cash and short-term investments | SEK 72.2m | SEK 51.2m | SEK 108.7m | SEK 69.4m | SEK 132.5m | SEK 2.5m | SEK 2.6m |
| Total liabilities | SEK 981.1m | SEK 1.04bn | SEK 828.3m | SEK 791.1m | SEK 807.5m | SEK 923.1m | SEK 919.0m |
| Debt | SEK 300.9m | SEK 353.7m | SEK 267.0m | SEK 245.1m | SEK 242.9m | SEK 406.3m | SEK 174.8m |
| Shareholders' equity | SEK 673.8m | SEK 643.8m | SEK 655.2m | SEK 663.0m | SEK 681.6m | SEK 477.5m | SEK 460.7m |
| Shares outstanding | 16m | 16m | 16m | 16m | 15m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 275.5m | SEK 268.8m | SEK 244.4m | SEK 150.0m | SEK 263.6m | SEK 216.8m | SEK 232.1m |
| Capital spending | −SEK 6.3m | −SEK 50.2m | −SEK 26.1m | −SEK 50.9m | −SEK 46.4m | −SEK 28.3m | −SEK 20.7m |
| Free cash flow | SEK 269.2m | SEK 218.6m | SEK 218.3m | SEK 99.1m | SEK 217.2m | SEK 188.5m | SEK 211.5m |
| Dividends paid | −SEK 58.1m | −SEK 53.3m | −SEK 48.5m | −SEK 48.5m | −SEK 11.7m | −SEK 4.9m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 416.9m | SEK 502.2m | SEK 760.7m | SEK 480.1m | SEK 407.8m | SEK 506.3m | SEK 721.4m | SEK 452.8m |
| Operating income | −SEK 27.5m | SEK 2.5m | SEK 106.8m | SEK 24.1m | −SEK 20.7m | SEK 1.6m | SEK 104.1m | SEK 5.2m |
| Net income | −SEK 26.3m | −SEK 1.7m | SEK 100.6m | SEK 13.6m | −SEK 22.3m | −SEK 3.8m | SEK 76.8m | SEK 200,000 |
| Diluted earnings per share | -1.62 | -0.10 | 6.13 | 0.83 | -1.36 | -0.23 | 4.76 | 0.01 |
| Cash from operations | −SEK 23.0m | −SEK 67.0m | SEK 308.0m | SEK 55.0m | −SEK 25.0m | −SEK 63.0m | SEK 261.0m | SEK 78.0m |
| Capital spending | −SEK 7.0m | −SEK 7.0m | −SEK 1.0m | — | −SEK 19.0m | −SEK 12.0m | −SEK 15.0m | −SEK 10.0m |
| Free cash flow | −SEK 30.0m | −SEK 74.0m | SEK 307.0m | — | −SEK 44.0m | −SEK 75.0m | SEK 246.0m | SEK 68.0m |
| Total assets | SEK 1.50bn | SEK 1.49bn | SEK 1.65bn | SEK 1.57bn | SEK 1.56bn | SEK 1.55bn | SEK 1.68bn | SEK 1.50bn |
| Cash and short-term investments | SEK 500,000 | SEK 700,000 | SEK 72.2m | SEK 700,000 | SEK 700,000 | SEK 1.0m | SEK 51.2m | SEK 5.8m |
| Debt | SEK 262.2m | SEK 174.8m | SEK 136.7m | SEK 296.1m | SEK 302.3m | SEK 190.2m | SEK 129.8m | SEK 208.3m |
| Shareholders' equity | SEK 583.8m | SEK 672.1m | SEK 673.8m | SEK 573.2m | SEK 559.6m | SEK 640.1m | SEK 643.8m | SEK 567.1m |
Financial ratios
Data as of 5 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.2% | 3.8% | 3.7% | 2.8% | 4.3% | 2.4% |
| Net margin | 4.1% | 2.1% | 2.2% | 1.6% | 2.7% | 0.2% |
| Return on equity | 13.1% | 6.5% | 6.2% | 4.5% | 7.4% | 0.9% |
| Return on assets | 5.3% | 2.5% | 2.7% | 2.0% | 3.4% | 0.3% |
| Free cash flow yield | 23.3% | 26.8% | 22.7% | 16.9% | 27.5% | 41.5% |
| Revenue growth | 8.3% | 6.3% | 2.7% | -2.4% | 5.1% | -1.0% |
| Earnings growth | 110.3% | 3.2% | 36.2% | -41.0% | 1074.4% | -90.6% |
| Current ratio | 0.57x | 0.53x | 0.68x | 0.66x | 0.68x | 0.42x |
| Debt to equity | 0.20x | 0.20x | 0.17x | 0.14x | 0.16x | 0.53x |
| Equity ratio | 40.7% | 38.3% | 44.2% | 45.6% | 45.8% | 34.1% |
| Interest coverage | 4.64x | 3.45x | 3.79x | 4.83x | 5.01x | 1.52x |
| R&D as a share of sales | 1.4% | 1.3% | 1.4% | 1.3% | 1.2% | 1.2% |
| Buybacks as a share of market value | -1.6% | 0.0% | 0.0% | -5.8% | -90.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 5.9% | 4.2% | — |
| Operating income | 29.2% | 21.0% | — |
| Net income | 43.5% | 82.9% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.5% | 3.9% | 3.8% | — |
| Net margin | 3.1% | 2.6% | 2.2% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 14.7 | 17.7 | 12.0 | 20.4 | 12.0 |
| Price to sales | 0.6 | 0.4 | 0.3 | 0.3 | 0.3 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 2.00 | 3.60 | 3.30 | 3.00 | 3.00 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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