F 
15.50
+1.44%
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.
Net income
−SEK 116.1m
FY2018FY2025
Free cash flow
SEK 312.2m
FY2018FY2025
Shareholders' equity
SEK 2.03bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | SEK 118.1m | SEK 166.1m | SEK 403.8m | SEK 384.6m | SEK 260.2m | SEK 127.4m | SEK 257.8m | SEK 41.6m |
| Net income | −SEK 116.1m | SEK 600,000 | SEK 219.2m | SEK 271.9m | SEK 185.7m | SEK 89.6m | SEK 182.2m | SEK 27.9m |
| Diluted earnings per share | -2.15 | 0.01 | 4.42 | 5.48 | 4.10 | 1.99 | 4.04 | 0.62 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 6.40bn | SEK 7.06bn | SEK 5.21bn | SEK 5.05bn | SEK 3.35bn | SEK 2.22bn | SEK 971.0m | SEK 718.0m |
| Cash and short-term investments | SEK 423.6m | SEK 482.3m | SEK 467.6m | SEK 452.6m | SEK 271.6m | SEK 409.3m | SEK 48.4m | SEK 41.9m |
| Total liabilities | SEK 4.36bn | SEK 4.73bn | SEK 3.03bn | SEK 2.96bn | SEK 2.08bn | SEK 1.18bn | SEK 820.3m | SEK 689.0m |
| Debt | SEK 2.37bn | SEK 2.62bn | SEK 1.71bn | SEK 1.73bn | SEK 1.16bn | SEK 724.0m | SEK 542.7m | SEK 541.7m |
| Shareholders' equity | SEK 2.03bn | SEK 2.33bn | SEK 2.18bn | SEK 2.09bn | SEK 1.27bn | SEK 1.05bn | SEK 150.7m | SEK 29.0m |
| Shares outstanding | 54m | 51m | 50m | 50m | 45m | 45m | 45m | 45m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 418.5m | SEK 285.4m | SEK 529.1m | SEK 312.8m | SEK 201.7m | SEK 125.2m | SEK 79.7m | SEK 43.0m |
| Capital spending | −SEK 106.3m | −SEK 106.8m | −SEK 99.4m | −SEK 57.1m | −SEK 47.2m | −SEK 25.8m | −SEK 9.6m | −SEK 2.3m |
| Free cash flow | SEK 312.2m | SEK 178.6m | SEK 429.7m | SEK 255.7m | SEK 154.5m | SEK 99.4m | SEK 70.1m | SEK 40.7m |
| Dividends paid | — | −SEK 87.7m | −SEK 84.4m | −SEK 58.3m | −SEK 27.1m | −SEK 27.1m | −SEK 27.1m | −SEK 27.1m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | SEK 104.4m | SEK 500,000 | −SEK 101.8m | SEK 82.7m | SEK 81.1m | SEK 32.9m | −SEK 15.0m | SEK 82.2m |
| Net income | SEK 53.9m | −SEK 53.2m | −SEK 165.7m | SEK 31.5m | SEK 23.0m | −SEK 5.0m | −SEK 50.0m | SEK 29.1m |
| Diluted earnings per share | 0.71 | -0.70 | -3.06 | 0.58 | 0.43 | -0.09 | -0.99 | 0.58 |
| Cash from operations | SEK 21.0m | −SEK 25.0m | SEK 253.0m | SEK 113.0m | SEK 122.0m | −SEK 66.0m | SEK 154.0m | SEK 136.0m |
| Capital spending | −SEK 16.0m | −SEK 25.0m | −SEK 18.0m | −SEK 37.0m | −SEK 36.0m | −SEK 13.0m | −SEK 15.0m | −SEK 29.0m |
| Free cash flow | SEK 5.0m | −SEK 50.0m | SEK 235.0m | SEK 76.0m | SEK 86.0m | −SEK 79.0m | SEK 139.0m | SEK 107.0m |
| Total assets | SEK 6.72bn | SEK 6.29bn | SEK 6.40bn | SEK 7.04bn | SEK 7.19bn | SEK 6.91bn | SEK 7.06bn | SEK 5.49bn |
| Cash and short-term investments | SEK 422.9m | SEK 294.2m | SEK 423.6m | SEK 395.0m | SEK 476.4m | SEK 356.6m | SEK 482.3m | SEK 382.5m |
| Debt | SEK 1.94bn | SEK 2.27bn | SEK 2.35bn | SEK 2.44bn | SEK 2.55bn | SEK 2.49bn | SEK 2.51bn | SEK 1.90bn |
| Shareholders' equity | SEK 2.60bn | SEK 2.03bn | SEK 2.03bn | SEK 2.24bn | SEK 2.27bn | SEK 2.24bn | SEK 2.33bn | SEK 2.16bn |
Financial ratios
Data as of 4 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 1.5% | 3.4% | 7.8% | 8.3% | 9.7% | 9.5% |
| Net margin | -2.1% | 0.0% | 4.3% | 6.0% | 6.9% | 6.7% |
| Return on equity | -5.7% | 0.0% | 10.0% | 13.0% | 14.6% | 8.6% |
| Return on assets | -1.8% | 0.0% | 4.2% | 5.4% | 5.6% | 4.0% |
| Free cash flow yield | 62.7% | 50.1% | 81.9% | 48.2% | 35.5% | 21.6% |
| Revenue growth | 10.6% | -3.6% | 12.4% | 69.9% | 99.7% | -37.6% |
| Earnings growth | -19450.0% | -99.7% | -19.4% | 46.4% | 107.3% | -50.8% |
| Current ratio | 1.19x | 1.22x | 1.27x | 1.34x | 1.07x | 1.47x |
| Debt to equity | 1.12x | 1.08x | 0.74x | 0.78x | 0.84x | 0.64x |
| Equity ratio | 31.7% | 33.0% | 41.9% | 41.4% | 37.9% | 47.1% |
| Interest coverage | 0.49x | 1.21x | 3.62x | 10.25x | 12.05x | 9.65x |
| Buybacks as a share of market value | -6.9% | -2.0% | 0.1% | -9.7% | -0.2% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 6.2% | 32.4% | — |
| Operating income | -32.5% | -1.5% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 2.7% | 5.4% | 6.1% | — |
| Net margin | -1.1% | 1.9% | 2.7% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Price to earnings | -14.4 | — | 10.0 | 12.2 | 26.2 | 27.9 |
| Price to sales | 0.3 | 0.3 | 0.4 | 0.7 | 1.8 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 13 Nov 2024.
| FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|
| Paid in the year | 1.70 | 1.70 | 1.20 | 0.60 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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