B
11.60
0.00%
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 942.0m
FY2016FY2025
Net income
SEK 73.1m
FY2016FY2025
Free cash flow
SEK 294.2m
FY2016FY2025
Shareholders' equity
SEK 7.17bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 942.0m | SEK 545.4m | SEK 521.5m | SEK 463.8m | SEK 399.0m | SEK 311.4m | SEK 280.0m | SEK 246.4m | SEK 202.9m | SEK 111.6m |
| Gross profit | SEK 625.4m | SEK 351.5m | SEK 338.8m | SEK 288.5m | SEK 251.9m | SEK 195.0m | SEK 175.5m | SEK 154.4m | SEK 122.9m | SEK 59.5m |
| Research and development | — | — | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 | SEK 1 |
| Operating income | SEK 581.7m | SEK 273.4m | SEK 338.8m | SEK 105.5m | SEK 539.4m | SEK 287.8m | SEK 293.5m | SEK 157.1m | SEK 124.0m | SEK 60.9m |
| Net income | SEK 73.1m | SEK 46.0m | −SEK 337.7m | SEK 289.7m | SEK 399.8m | SEK 160.5m | SEK 171.4m | SEK 116.7m | SEK 98.3m | SEK 116.4m |
| Diluted earnings per share | 0.32 | 0.47 | -3.46 | 2.96 | 4.11 | 2.54 | 2.37 | 1.61 | 1.36 | 2.90 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 19.39bn | SEK 8.67bn | SEK 8.54bn | SEK 8.89bn | SEK 7.88bn | SEK 6.25bn | SEK 4.51bn | SEK 3.89bn | SEK 3.28bn | SEK 2.77bn |
| Cash and short-term investments | SEK 108.1m | SEK 31.0m | SEK 125.9m | SEK 173.7m | SEK 69.8m | SEK 113.5m | SEK 102.6m | SEK 43.2m | SEK 66.2m | SEK 225.1m |
| Total liabilities | SEK 12.22bn | SEK 5.80bn | SEK 5.71bn | SEK 5.73bn | SEK 5.02bn | SEK 4.28bn | SEK 3.00bn | SEK 2.55bn | SEK 2.06bn | SEK 1.65bn |
| Debt | SEK 11.46bn | SEK 5.26bn | SEK 5.19bn | SEK 5.16bn | SEK 4.53bn | SEK 3.85bn | SEK 2.72bn | SEK 2.30bn | SEK 1.87bn | SEK 1.50bn |
| Shareholders' equity | SEK 7.17bn | SEK 2.87bn | SEK 2.82bn | SEK 3.16bn | SEK 2.86bn | SEK 1.98bn | SEK 1.51bn | SEK 1.34bn | SEK 1.22bn | SEK 1.12bn |
| Shares outstanding | 230m | 98m | 98m | 98m | 97m | 63m | 72m | 72m | 72m | 40m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 297.4m | SEK 95.9m | SEK 136.9m | SEK 1.68bn | SEK 147.3m | SEK 184.8m | SEK 69.8m | SEK 98.3m | SEK 66.4m | SEK 35.2m |
| Capital spending | −SEK 3.2m | −SEK 300,000 | −SEK 800,000 | −SEK 7.0m | −SEK 800,000 | −SEK 1.0m | −SEK 100,000 | −SEK 100,000 | −SEK 1.3m | −SEK 600,000 |
| Free cash flow | SEK 294.2m | SEK 95.6m | SEK 136.1m | SEK 1.67bn | SEK 146.5m | SEK 183.8m | SEK 69.7m | SEK 98.2m | SEK 65.1m | SEK 34.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 275.1m | SEK 272.0m | SEK 268.6m | SEK 263.8m | SEK 266.2m | SEK 144.2m | SEK 138.8m | SEK 135.4m |
| Gross profit | SEK 180.5m | SEK 159.4m | SEK 165.4m | SEK 186.6m | SEK 186.0m | SEK 88.2m | SEK 86.4m | SEK 93.6m |
| Operating income | SEK 168.7m | SEK 149.8m | SEK 152.3m | SEK 175.3m | SEK 186.4m | SEK 88.7m | SEK 87.2m | SEK 93.9m |
| Net income | SEK 6.2m | SEK 120.8m | −SEK 23.7m | SEK 75.9m | −SEK 500,000 | SEK 16.9m | SEK 22.8m | −SEK 20.6m |
| Diluted earnings per share | 0.03 | 0.52 | -0.10 | 0.33 | -0.00 | 0.07 | 0.23 | -0.21 |
| Cash from operations | −SEK 10.0m | SEK 40.0m | SEK 98.0m | SEK 69.0m | SEK 91.0m | SEK 37.0m | SEK 20.0m | SEK 33.0m |
| Capital spending | — | — | −SEK 1.0m | — | −SEK 2.0m | −SEK 1.0m | — | — |
| Free cash flow | — | — | SEK 97.0m | — | SEK 89.0m | SEK 36.0m | — | — |
| Total assets | SEK 19.20bn | SEK 19.61bn | SEK 19.39bn | SEK 19.38bn | SEK 19.20bn | SEK 8.66bn | SEK 8.67bn | SEK 8.60bn |
| Cash and short-term investments | SEK 142.1m | SEK 21.4m | SEK 108.1m | SEK 126.7m | SEK 44.2m | SEK 27.5m | SEK 31.0m | SEK 59.2m |
| Debt | SEK 11.09bn | SEK 11.46bn | SEK 11.42bn | SEK 11.42bn | SEK 11.29bn | SEK 5.24bn | SEK 5.26bn | SEK 5.17bn |
| Shareholders' equity | SEK 7.30bn | SEK 7.29bn | SEK 7.17bn | SEK 7.20bn | SEK 7.12bn | SEK 2.89bn | SEK 2.87bn | SEK 2.85bn |
Financial ratios
Data as of 23 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Gross margin | 66.4% | 64.4% | 65.0% | 62.2% | 63.1% | 62.6% | — | — |
| Operating margin | 53.1% | 50.1% | -39.7% | 106.9% | 148.3% | 85.7% | — | — |
| Net margin | 7.8% | 8.4% | -64.8% | 62.5% | 100.2% | 51.5% | — | — |
| Return on equity | 1.0% | 1.6% | -12.0% | 9.2% | 14.0% | 8.1% | — | — |
| Return on assets | 0.4% | 0.5% | -4.0% | 3.3% | 5.1% | 2.6% | — | — |
| Free cash flow yield | 11.7% | 8.8% | 12.6% | 154.9% | 13.6% | 26.4% | — | — |
| Revenue growth | 72.7% | 4.6% | 12.4% | 16.2% | 28.1% | 11.2% | — | — |
| Earnings growth | 58.9% | -113.6% | -216.6% | -27.5% | 149.1% | -6.4% | — | — |
| Current ratio | 0.16x | 0.02x | 0.09x | 0.17x | 0.04x | 0.15x | — | — |
| Debt to equity | 1.59x | 1.82x | 1.83x | 1.62x | 1.57x | 1.93x | — | — |
| Equity ratio | 37.0% | 33.1% | 33.1% | 35.6% | 36.3% | 31.6% | — | — |
| Interest coverage | 1.50x | 1.53x | -1.15x | 4.59x | 7.66x | 4.66x | — | — |
| R&D as a share of sales | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Buybacks as a share of market value | -135.7% | 0.0% | -0.0% | -0.4% | -54.3% | 12.8% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.6% | 24.8% | 37.5% |
| Operating income | 76.7% | 15.1% | 38.6% |
| Net income | -36.8% | -14.6% | 11.9% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 65.7% | 64.9% | 64.4% | 63.6% |
| Operating margin | 57.5% | 52.5% | 66.8% | 68.5% |
| Net margin | 8.0% | 2.9% | 19.8% | 28.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 49.8 | 42.5 | -5.6 | 8.7 | 12.1 | 11.2 | 13.3 | 10.7 | 8.8 | 5.3 |
| Price to sales | 3.9 | 3.6 | 3.6 | 5.4 | 12.2 | 5.8 | 8.2 | 5.1 | 4.3 | 5.5 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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