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F

Fortinova Fastigheter AB (publ) FNOVA B.ST · SEK

Real Estate · Nasdaq Stockholm · 🇸🇪 Sweden

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21.30

+3.90%

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.

FY2024

Revenue

SEK 367.2m

FY2017FY2024

Net income

SEK 113.6m

FY2017FY2024

Free cash flow

SEK 96.1m

FY2017FY2024

Shareholders' equity

SEK 2.25bn

FY2017FY2024

Income statement

Fiscal years

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
RevenueSEK 367.2mSEK 332.1mSEK 369.0mSEK 267.2mSEK 197.1mSEK 135.4mSEK 125.3mSEK 103.2m
Gross profitSEK 224.9mSEK 204.4mSEK 210.3mSEK 150.0mSEK 114.3mSEK 76.8mSEK 71.0mSEK 68.0m
Operating incomeSEK 190.8mSEK 175.4mSEK 176.3mSEK 126.6mSEK 96.1mSEK 63.8mSEK 58.8mSEK 53.1m
Net incomeSEK 113.6m−SEK 262.9mSEK 212.0mSEK 238.6mSEK 311.2mSEK 86.4mSEK 76.5mSEK 49.1m
Diluted earnings per share2.21-5.124.134.656.573.603.193.06

Balance sheet

At each fiscal year end

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assetsSEK 5.27bnSEK 5.26bnSEK 5.25bnSEK 5.18bnSEK 3.97bnSEK 2.44bnSEK 1.78bnSEK 1.59bn
Cash and short-term investmentsSEK 239.0mSEK 227.3mSEK 515.0mSEK 484.9mSEK 278.1mSEK 161.4mSEK 49.5mSEK 47.3m
Total liabilitiesSEK 3.02bnSEK 3.12bnSEK 2.81bnSEK 2.72bnSEK 1.72bnSEK 1.25bnSEK 1.07bnSEK 1.04bn
DebtSEK 2.70bnSEK 2.79bnSEK 2.47bnSEK 2.44bnSEK 1.48bnSEK 1.10bnSEK 938.5mSEK 944.9m
Shareholders' equitySEK 2.25bnSEK 2.14bnSEK 2.44bnSEK 2.47bnSEK 2.25bnSEK 1.19bnSEK 706.0mSEK 551.8m
Shares outstanding51m51m51m51m47m24m24m16m

Cash flow

Fiscal years

FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operationsSEK 96.1mSEK 127.8mSEK 111.9mSEK 73.8mSEK 64.7mSEK 30.0mSEK 33.5mSEK 24.9m
Free cash flowSEK 96.1mSEK 127.8mSEK 111.9mSEK 73.8mSEK 64.7mSEK 30.0mSEK 33.5mSEK 24.9m
Dividends paid—−SEK 37.0m−SEK 23.6m−SEK 23.6m−SEK 13.9m−SEK 13.4m−SEK 11.2m−SEK 8.5m

Latest quarters

By quarter end

Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024Jun 2024Mar 2024Dec 2023
RevenueSEK 98.6mSEK 97.7mSEK 93.8mSEK 92.8mSEK 92.8mSEK 92.1mSEK 89.4mSEK 85.5m
Gross profitSEK 68.2mSEK 61.0mSEK 55.3mSEK 52.7mSEK 63.3mSEK 57.8mSEK 51.1mSEK 52.7m
Operating incomeSEK 59.5mSEK 51.3mSEK 46.0mSEK 43.3mSEK 57.0mSEK 49.0mSEK 42.2mSEK 45.1m
Net incomeSEK 47.5mSEK 35.7mSEK 20.0mSEK 66.4m−SEK 2.6mSEK 27.0mSEK 23.5m−SEK 118.9m
Diluted earnings per share0.930.700.391.29-0.050.520.46-2.32
Total assetsSEK 5.52bnSEK 5.41bnSEK 5.29bnSEK 5.27bnSEK 5.20bnSEK 5.22bnSEK 5.21bnSEK 5.26bn
Cash and short-term investmentsSEK 289.8mSEK 209.6mSEK 226.7mSEK 239.0mSEK 230.9mSEK 229.5mSEK 238.4mSEK 375.2m
DebtSEK 2.00bnSEK 2.30bnSEK 1.77bnSEK 1.63bnSEK 1.72bnSEK 1.57bnSEK 1.66bnSEK 2.18bn
Shareholders' equitySEK 2.35bnSEK 2.31bnSEK 2.31bnSEK 2.25bnSEK 2.19bnSEK 2.19bnSEK 2.18bnSEK 2.14bn

Financial ratios

Data as of 3 Nov 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin61.9%61.2%61.5%100.0%58.0%56.7%——
Operating margin52.3%81.2%-53.4%—200.5%82.3%108.8%—
Net margin44.3%30.9%-79.2%50.4%157.9%63.8%——
Return on equity7.1%5.0%-12.3%5.9%13.8%7.2%——
Return on assets3.0%2.2%-5.0%2.7%7.8%3.5%——
Free cash flow yield————9.8%4.5%9.8%8.0%
Revenue growth4.3%10.6%16.0%45.3%45.6%8.1%——
Earnings growth49.3%-143.2%-282.1%-53.6%260.2%12.9%——
Current ratio0.41x0.30x0.52x46.82x1.70x0.24x——
Debt to equity1.25x1.20x1.30x—0.66x0.91x1.33x—
Equity ratio41.8%42.8%40.7%46.5%56.7%48.9%——
Interest coverage1.91x2.14x-1.41x0.00x18.64x5.63x——
Buybacks as a share of market value-7.1%0.0%0.0%-0.0%-24.0%-100.6%——

Growth per year

Compound annual rate

3 years5 years10 years
Revenue11.2%22.1%—
Operating income14.7%24.5%—
Net income-21.9%5.6%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin61.4%59.1%58.8%—
Operating margin52.4%50.1%49.7%—
Net margin-21.3%22.6%41.9%—

Valuation history

At each fiscal year end

FY2024FY2023FY2022FY2021FY2020
Price to earnings12.4-5.36.412.96.7
Price to sales3.84.23.711.510.6

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 23 May 2023.

FY2023FY2022FY2021
Paid in the year0.720.460.27

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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