D 
72.60
+2.54%
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 2.47bn
FY2019FY2025
Net income
SEK 165.7m
FY2019FY2025
Free cash flow
−SEK 8.3m
FY2019FY2025
Shareholders' equity
SEK 602.4m
FY2019FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.47bn | SEK 1.97bn | SEK 1.61bn | SEK 1.22bn | SEK 871.2m | SEK 895.2m | SEK 908.8m |
| Gross profit | SEK 1.69bn | SEK 1.36bn | SEK 1.09bn | SEK 787.8m | SEK 570.2m | SEK 591.7m | SEK 593.6m |
| Research and development | SEK 245.0m | SEK 183.9m | SEK 163.5m | SEK 138.4m | SEK 117.3m | SEK 108.6m | SEK 121.3m |
| Operating income | SEK 254.1m | SEK 228.6m | SEK 149.7m | SEK 82.3m | SEK 60.0m | SEK 127.2m | SEK 101.0m |
| Net income | SEK 165.7m | SEK 145.8m | SEK 104.1m | SEK 48.6m | SEK 29.8m | SEK 129.8m | SEK 67.7m |
| Diluted earnings per share | 1.57 | 1.37 | 0.98 | 0.46 | 0.28 | 1.24 | 0.64 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.47bn | SEK 2.00bn | SEK 1.70bn | SEK 1.32bn | SEK 1.15bn | SEK 778.2m | SEK 778.2m |
| Cash and short-term investments | SEK 194.7m | SEK 133.5m | SEK 161.1m | SEK 106.8m | SEK 197.3m | SEK 172.7m | SEK 172.7m |
| Total liabilities | SEK 1.87bn | SEK 1.54bn | SEK 1.39bn | SEK 1.11bn | SEK 1.01bn | SEK 748.8m | SEK 748.8m |
| Debt | SEK 1.10bn | SEK 790.8m | SEK 773.3m | SEK 628.3m | SEK 606.7m | SEK 416.1m | SEK 416.1m |
| Shareholders' equity | SEK 602.4m | SEK 453.7m | SEK 297.8m | SEK 210.6m | SEK 139.5m | SEK 29.4m | SEK 29.4m |
| Shares outstanding | 106m | 106m | 107m | 105m | 105m | 105m | 107m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 196.6m | SEK 282.5m | SEK 277.4m | SEK 96.2m | SEK 136.5m | SEK 272.5m | SEK 184.7m |
| Capital spending | −SEK 204.9m | −SEK 183.1m | −SEK 134.5m | −SEK 118.2m | −SEK 367.3m | −SEK 102.0m | −SEK 108.6m |
| Free cash flow | −SEK 8.3m | SEK 99.4m | SEK 142.9m | −SEK 22.0m | −SEK 230.8m | SEK 170.5m | SEK 76.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 670.0m | SEK 588.0m | SEK 677.0m | SEK 606.0m | SEK 603.0m | SEK 581.0m | SEK 586.0m | SEK 483.0m |
| Gross profit | SEK 470.0m | SEK 394.0m | SEK 465.0m | SEK 422.0m | SEK 407.0m | SEK 395.0m | SEK 408.0m | SEK 332.0m |
| Operating income | SEK 105.0m | SEK 57.0m | SEK 103.0m | SEK 64.0m | SEK 45.0m | SEK 43.0m | SEK 79.0m | SEK 61.0m |
| Net income | SEK 74.0m | SEK 38.0m | SEK 76.0m | SEK 38.0m | SEK 29.0m | SEK 24.0m | SEK 54.0m | SEK 45.0m |
| Diluted earnings per share | 0.69 | 0.36 | 0.72 | 0.36 | 0.27 | 0.23 | 0.51 | 0.42 |
| Cash from operations | SEK 123.0m | SEK 107.0m | SEK 103.0m | SEK 72.0m | −SEK 48.0m | SEK 68.0m | SEK 94.0m | SEK 57.0m |
| Capital spending | −SEK 55.0m | −SEK 52.0m | −SEK 26.0m | −SEK 27.0m | −SEK 27.0m | −SEK 41.0m | −SEK 55.0m | −SEK 15.0m |
| Free cash flow | SEK 68.0m | SEK 55.0m | SEK 77.0m | SEK 45.0m | −SEK 75.0m | SEK 27.0m | SEK 39.0m | SEK 42.0m |
| Total assets | SEK 2.62bn | SEK 2.53bn | SEK 2.47bn | SEK 2.49bn | SEK 2.29bn | SEK 2.01bn | SEK 2.00bn | SEK 1.79bn |
| Cash and short-term investments | SEK 223.0m | SEK 243.0m | SEK 194.7m | SEK 172.0m | SEK 157.0m | SEK 143.0m | SEK 133.5m | SEK 121.0m |
| Debt | SEK 941.0m | SEK 939.0m | SEK 932.0m | SEK 97.0m | SEK 882.0m | SEK 726.0m | SEK 722.4m | SEK 704.0m |
| Shareholders' equity | SEK 714.0m | SEK 663.0m | SEK 602.4m | SEK 536.0m | SEK 496.0m | SEK 444.0m | SEK 453.7m | SEK 376.0m |
Financial ratios
Data as of 7 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 68.4% | 68.8% | 67.8% | 64.8% | 65.4% | 66.1% |
| Operating margin | 10.1% | 11.4% | 9.8% | 6.3% | 6.5% | 15.3% |
| Net margin | 6.7% | 7.4% | 6.5% | 4.0% | 3.4% | 14.5% |
| Return on equity | 27.5% | 32.1% | 35.0% | 23.1% | 21.4% | 441.5% |
| Return on assets | 6.7% | 7.3% | 6.1% | 3.7% | 2.6% | 16.7% |
| Free cash flow yield | 5.2% | 5.9% | 5.2% | 2.8% | 6.5% | 4.8% |
| Revenue growth | 25.1% | 22.2% | 32.6% | 39.6% | -2.7% | -1.5% |
| Earnings growth | 13.6% | 40.1% | 114.2% | 63.1% | -77.0% | 91.7% |
| Current ratio | 1.57x | 1.29x | 1.18x | 1.15x | 1.46x | 0.59x |
| Debt to equity | 1.55x | 1.59x | 2.35x | 2.79x | 0.10x | 12.69x |
| Equity ratio | 24.3% | 22.7% | 17.5% | 15.9% | 12.2% | 3.8% |
| Interest coverage | 6.00x | 4.67x | 3.98x | 3.52x | 2.94x | 6.13x |
| R&D as a share of sales | 9.9% | 9.3% | 10.1% | 11.4% | 13.5% | 12.1% |
| Buybacks as a share of market value | 0.6% | 0.4% | -1.1% | -0.1% | -0.4% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 26.6% | 22.6% | — |
| Operating income | 45.6% | 14.8% | — |
| Net income | 50.5% | 5.0% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 68.6% | 67.8% | 67.4% | — |
| Operating margin | 10.9% | 9.8% | 10.0% | — |
| Net margin | 7.0% | 6.4% | 6.9% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 65.0 | 45.6 | 43.1 | 46.2 | 113.8 |
| Price to sales | 4.5 | 3.5 | 2.9 | 1.9 | 4.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 5 years. Last went ex-dividend on 11 May 2026.
| FY2026 | |
|---|---|
| Paid in the year | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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