B 
171.10
+1.12%
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 8.29bn
FY2016FY2025
Net income
SEK 301.0m
FY2016FY2025
Free cash flow
SEK 985.0m
FY2016FY2025
Shareholders' equity
SEK 2.79bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.29bn | SEK 8.24bn | SEK 7.75bn | SEK 6.74bn | SEK 5.81bn | SEK 4.36bn | SEK 3.42bn | SEK 2.78bn | SEK 2.02bn | SEK 1.40bn |
| Operating income | SEK 448.0m | SEK 452.0m | SEK 306.0m | SEK 253.1m | SEK 264.5m | SEK 182.3m | SEK 91.8m | SEK 68.1m | −SEK 69.8m | SEK 21.0m |
| Net income | SEK 301.0m | SEK 342.0m | SEK 233.0m | SEK 186.1m | SEK 188.7m | SEK 132.8m | SEK 54.8m | SEK 42.6m | −SEK 12.6m | SEK 12.9m |
| Diluted earnings per share | 4.52 | 4.97 | 3.49 | 2.73 | 2.80 | 1.99 | 0.95 | 0.74 | -0.22 | 0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 5.70bn | SEK 6.29bn | SEK 5.96bn | SEK 5.99bn | SEK 5.06bn | SEK 4.03bn | SEK 2.49bn | SEK 1.83bn | SEK 1.38bn | SEK 799.3m |
| Cash and short-term investments | SEK 1.10bn | SEK 1.17bn | SEK 1.46bn | SEK 1.76bn | SEK 1.55bn | SEK 1.70bn | SEK 339.4m | SEK 368.3m | SEK 424.4m | SEK 215.4m |
| Total liabilities | SEK 2.91bn | SEK 3.31bn | SEK 3.24bn | SEK 3.49bn | SEK 2.76bn | SEK 2.12bn | SEK 1.54bn | SEK 963.1m | SEK 593.2m | SEK 432.0m |
| Debt | SEK 441.0m | SEK 878.0m | SEK 965.0m | SEK 1.11bn | SEK 842.6m | SEK 708.3m | SEK 635.0m | SEK 110.5m | SEK 101.2m | SEK 12.0m |
| Shareholders' equity | SEK 2.79bn | SEK 2.98bn | SEK 2.72bn | SEK 2.50bn | SEK 2.18bn | SEK 1.91bn | SEK 942.6m | SEK 870.4m | SEK 790.8m | SEK 367.3m |
| Shares outstanding | 67m | 69m | 67m | 68m | 68m | 67m | 58m | 58m | 58m | 47m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.03bn | SEK 251.0m | SEK 130.0m | SEK 805.3m | SEK 244.2m | SEK 747.3m | SEK 76.5m | −SEK 13.8m | −SEK 137.8m | SEK 40.7m |
| Capital spending | −SEK 47.0m | −SEK 237.0m | −SEK 121.0m | −SEK 520.1m | −SEK 376.1m | −SEK 154.0m | −SEK 167.4m | −SEK 91.1m | −SEK 172.8m | −SEK 34.1m |
| Free cash flow | SEK 985.0m | SEK 14.0m | SEK 9.0m | SEK 285.2m | −SEK 131.9m | SEK 593.3m | −SEK 90.9m | −SEK 104.9m | −SEK 310.6m | SEK 6.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.06bn | SEK 1.66bn | SEK 3.14bn | SEK 1.67bn | SEK 1.82bn | SEK 1.65bn | SEK 3.11bn | SEK 1.65bn |
| Operating income | SEK 96.0m | SEK 21.0m | SEK 256.0m | SEK 38.0m | SEK 114.0m | SEK 5.0m | SEK 348.0m | SEK 28.0m |
| Net income | SEK 70.0m | SEK 10.0m | SEK 195.0m | SEK 26.0m | SEK 76.0m | SEK 4.0m | SEK 267.0m | SEK 15.0m |
| Diluted earnings per share | 1.13 | 0.16 | 2.93 | 0.39 | 1.14 | 0.06 | 3.88 | 0.22 |
| Cash from operations | SEK 93.0m | −SEK 672.0m | SEK 1.06bn | SEK 319.0m | SEK 222.0m | −SEK 567.0m | SEK 680.0m | SEK 24.0m |
| Capital spending | −SEK 34.0m | −SEK 65.0m | −SEK 12.0m | −SEK 6.0m | −SEK 37.0m | −SEK 42.0m | −SEK 60.0m | −SEK 12.0m |
| Free cash flow | SEK 59.0m | −SEK 737.0m | SEK 1.05bn | SEK 313.0m | SEK 185.0m | −SEK 609.0m | SEK 620.0m | SEK 12.0m |
| Total assets | SEK 5.45bn | SEK 5.68bn | SEK 5.70bn | SEK 5.81bn | SEK 5.06bn | SEK 5.74bn | SEK 6.29bn | SEK 6.49bn |
| Cash and short-term investments | SEK 112.0m | SEK 239.0m | SEK 1.10bn | SEK 399.0m | SEK 376.0m | SEK 391.0m | SEK 1.17bn | SEK 641.0m |
| Debt | SEK 103.0m | SEK 118.0m | SEK 545.0m | SEK 668.0m | SEK 899.0m | SEK 964.0m | SEK 878.0m | SEK 926.0m |
| Shareholders' equity | SEK 2.65bn | SEK 2.73bn | SEK 2.79bn | SEK 2.69bn | SEK 2.79bn | SEK 2.83bn | SEK 2.98bn | SEK 2.74bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 5.1% | 5.7% | 4.0% | 3.8% | 4.5% | 4.2% |
| Net margin | 3.6% | 4.1% | 3.0% | 2.8% | 3.2% | 3.0% |
| Return on equity | 10.8% | 11.5% | 8.6% | 7.4% | 8.7% | 7.0% |
| Return on assets | 5.3% | 5.4% | 3.9% | 3.1% | 3.7% | 3.3% |
| Free cash flow yield | 10.4% | 4.6% | 2.4% | 12.5% | 5.9% | 8.7% |
| Revenue growth | 0.5% | 6.3% | 15.0% | 16.0% | 33.4% | 27.3% |
| Earnings growth | -12.0% | 46.8% | 25.2% | -1.4% | 42.1% | 142.3% |
| Current ratio | 1.53x | 1.74x | 1.66x | 1.55x | 1.82x | 2.07x |
| Debt to equity | 0.04x | 0.16x | 0.19x | 0.26x | 0.20x | 0.14x |
| Equity ratio | 49.0% | 47.4% | 45.7% | 41.8% | 43.0% | 47.3% |
| Interest coverage | 10.05x | 10.70x | 7.97x | 11.73x | 16.31x | 15.20x |
| Buybacks as a share of market value | 3.2% | -3.2% | 2.0% | -0.8% | -1.1% | -15.6% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.1% | 13.7% | 26.1% |
| Operating income | 21.0% | 19.7% | — |
| Net income | 17.4% | 17.8% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.4% | 4.7% | 4.6% | 3.9% |
| Net margin | 3.9% | 3.4% | 3.4% | 2.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 25.3 | 38.7 | 44.0 | 65.8 | 93.9 | 55.9 | 61.5 | -335.5 |
| Price to sales | 0.9 | 1.1 | 1.2 | 1.2 | 2.1 | 2.9 | 0.9 | 0.9 | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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