B 
519.80
+3.26%
Close of 9 Nov 2026, in SEK
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At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 93.51bn
FY2016FY2025
Net income
SEK 9.40bn
FY2016FY2025
Free cash flow
SEK 5.24bn
FY2016FY2025
Shareholders' equity
SEK 76.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 93.51bn | SEK 89.21bn | SEK 78.55bn | SEK 86.44bn | SEK 68.64bn | SEK 56.32bn | SEK 49.94bn | SEK 52.45bn | SEK 49.53bn | SEK 40.32bn |
| Gross profit | SEK 15.79bn | SEK 12.90bn | SEK 10.74bn | SEK 18.15bn | SEK 12.93bn | SEK 10.80bn | SEK 9.41bn | SEK 10.69bn | SEK 10.54bn | SEK 7.11bn |
| Research and development | SEK 1.29bn | SEK 1.12bn | SEK 1.14bn | SEK 1.05bn | SEK 965.0m | SEK 749.0m | SEK 740.0m | SEK 705.0m | SEK 659.0m | SEK 530.0m |
| Operating income | SEK 12.57bn | SEK 13.69bn | SEK 8.29bn | SEK 15.89bn | SEK 11.08bn | SEK 8.94bn | SEK 7.60bn | SEK 9.00bn | SEK 9.02bn | SEK 5.68bn |
| Net income | SEK 9.40bn | SEK 10.02bn | SEK 6.07bn | SEK 12.41bn | SEK 8.70bn | SEK 6.80bn | SEK 5.79bn | SEK 7.20bn | SEK 6.85bn | SEK 4.24bn |
| Diluted earnings per share | 33.11 | 36.65 | 22.21 | 45.37 | 31.81 | 24.86 | 21.15 | 26.32 | 25.06 | 15.49 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 143.40bn | SEK 116.19bn | SEK 101.96bn | SEK 96.38bn | SEK 80.55bn | SEK 72.49bn | SEK 66.42bn | SEK 58.73bn | SEK 55.88bn | SEK 53.88bn |
| Cash and short-term investments | SEK 9.24bn | SEK 7.05bn | SEK 4.98bn | SEK 12.16bn | SEK 8.25bn | SEK 5.06bn | SEK 1.37bn | SEK 2.27bn | SEK 2.51bn | SEK 1.50bn |
| Total liabilities | SEK 66.86bn | SEK 51.18bn | SEK 45.54bn | SEK 38.05bn | SEK 29.67bn | SEK 26.85bn | SEK 24.98bn | SEK 19.72bn | SEK 20.83bn | SEK 24.48bn |
| Debt | SEK 23.80bn | SEK 16.51bn | SEK 14.58bn | SEK 11.19bn | SEK 6.16bn | SEK 6.15bn | SEK 5.77bn | SEK 3.36bn | SEK 5.34bn | SEK 10.10bn |
| Shareholders' equity | SEK 76.51bn | SEK 64.99bn | SEK 56.40bn | SEK 58.31bn | SEK 50.87bn | SEK 45.63bn | SEK 41.43bn | SEK 39.00bn | SEK 35.04bn | SEK 29.39bn |
| Shares outstanding | 284m | 273m | 273m | 274m | 274m | 274m | 274m | 274m | 274m | 274m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 20.69bn | SEK 17.66bn | SEK 12.18bn | SEK 16.40bn | SEK 13.14bn | SEK 11.26bn | SEK 9.44bn | SEK 11.77bn | SEK 12.74bn | SEK 7.00bn |
| Capital spending | −SEK 15.44bn | −SEK 14.99bn | −SEK 14.99bn | −SEK 10.03bn | −SEK 5.99bn | −SEK 6.30bn | −SEK 8.83bn | −SEK 6.14bn | −SEK 5.59bn | −SEK 3.99bn |
| Free cash flow | SEK 5.24bn | SEK 2.67bn | −SEK 2.81bn | SEK 6.37bn | SEK 7.16bn | SEK 4.96bn | SEK 615.0m | SEK 5.63bn | SEK 7.14bn | SEK 3.01bn |
| Dividends paid | — | −SEK 2.05bn | −SEK 7.25bn | −SEK 7.11bn | −SEK 3.90bn | −SEK 1.92bn | −SEK 3.56bn | −SEK 3.83bn | −SEK 1.44bn | −SEK 889.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 25.73bn | SEK 27.82bn | SEK 28.13bn | SEK 21.97bn | SEK 22.29bn | SEK 21.12bn | SEK 25.79bn | SEK 22.19bn |
| Gross profit | SEK 3.83bn | SEK 5.62bn | SEK 6.54bn | SEK 3.73bn | SEK 1.80bn | SEK 3.72bn | SEK 3.79bn | SEK 3.75bn |
| Operating income | SEK 3.19bn | SEK 5.25bn | SEK 5.57bn | SEK 3.05bn | SEK 1.14bn | SEK 3.06bn | SEK 4.10bn | SEK 3.17bn |
| Net income | SEK 2.22bn | SEK 3.82bn | SEK 4.35bn | SEK 2.29bn | SEK 573.0m | SEK 2.19bn | SEK 2.99bn | SEK 2.28bn |
| Diluted earnings per share | 7.80 | 13.45 | 15.31 | 8.07 | 2.02 | 7.72 | 10.94 | 8.34 |
| Cash from operations | SEK 2.48bn | SEK 4.88bn | SEK 7.34bn | SEK 6.12bn | SEK 6.20bn | SEK 1.03bn | SEK 8.86bn | SEK 2.73bn |
| Capital spending | −SEK 4.06bn | −SEK 3.62bn | −SEK 4.61bn | −SEK 3.79bn | −SEK 4.17bn | −SEK 2.89bn | −SEK 4.59bn | −SEK 3.23bn |
| Free cash flow | −SEK 1.58bn | SEK 1.26bn | SEK 2.74bn | SEK 2.33bn | SEK 2.03bn | −SEK 1.87bn | SEK 4.27bn | −SEK 495.0m |
| Total assets | SEK 151.13bn | SEK 148.63bn | SEK 143.40bn | SEK 136.94bn | SEK 136.21bn | SEK 118.43bn | SEK 116.19bn | SEK 111.08bn |
| Cash and short-term investments | SEK 4.20bn | SEK 9.99bn | SEK 9.24bn | SEK 6.59bn | SEK 7.60bn | SEK 9.04bn | SEK 7.05bn | SEK 3.48bn |
| Debt | SEK 22.72bn | SEK 23.16bn | SEK 23.80bn | SEK 4.56bn | SEK 27.38bn | SEK 16.57bn | SEK 16.51bn | SEK 17.14bn |
| Shareholders' equity | SEK 80.46bn | SEK 81.20bn | SEK 76.51bn | SEK 72.73bn | SEK 70.59bn | SEK 68.59bn | SEK 64.99bn | SEK 61.55bn |
Financial ratios
Data as of 5 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.9% | 14.5% | 13.7% | 21.0% | 18.8% | 19.2% |
| Operating margin | 13.4% | 15.3% | 10.5% | 18.4% | 16.1% | 15.9% |
| Net margin | 10.1% | 11.2% | 7.7% | 14.4% | 12.7% | 12.1% |
| Return on equity | 12.3% | 15.4% | 10.8% | 21.3% | 17.1% | 14.9% |
| Return on assets | 6.6% | 8.6% | 6.0% | 12.9% | 10.8% | 9.4% |
| Free cash flow yield | 23.2% | 21.8% | 18.1% | 17.6% | 12.8% | 11.7% |
| Revenue growth | 4.8% | 13.6% | -9.1% | 25.9% | 21.9% | 12.8% |
| Earnings growth | -6.2% | 65.0% | -51.1% | 42.6% | 28.0% | 17.5% |
| Current ratio | 1.70x | 1.67x | 1.80x | 2.52x | 2.44x | 2.18x |
| Debt to equity | 0.31x | 0.25x | 0.26x | 0.19x | 0.12x | 0.13x |
| Equity ratio | 53.4% | 55.9% | 55.3% | 60.5% | 63.1% | 62.9% |
| Interest coverage | 8.56x | 10.09x | 9.27x | 61.85x | 78.04x | 39.02x |
| R&D as a share of sales | 1.4% | 1.3% | 1.5% | 1.2% | 1.4% | 1.3% |
| Buybacks as a share of market value | -3.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 2.7% | 10.7% | 8.8% |
| Operating income | -7.5% | 7.1% | 13.3% |
| Net income | -8.8% | 6.7% | 13.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 15.7% | 16.6% | 17.2% | 17.6% |
| Operating margin | 14.4% | 14.5% | 14.9% | 14.9% |
| Net margin | 10.6% | 10.9% | 11.3% | 11.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 15.6 | 8.5 | 14.2 | 8.6 | 11.0 | 11.7 | 11.8 | 7.3 | 11.2 | 15.4 |
| Price to sales | 1.6 | 0.9 | 1.1 | 1.2 | 1.4 | 1.4 | 1.4 | 1.0 | 1.6 | 1.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 29 Apr 2026.
| FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 11.00 | 7.50 | 15.00 | 10.50 | 8.25 | 7.00 | 8.75 | 8.25 |
- 1-to-1 reverse split · 23 May 2007
- 20-to-1 reverse split · 5 Dec 2001
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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