H 
304.80
-0.52%
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 22.06bn
FY2016FY2025
Net income
SEK 2.88bn
FY2016FY2025
Free cash flow
SEK 1.71bn
FY2016FY2025
Shareholders' equity
SEK 55.41bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 22.06bn | SEK 22.76bn | SEK 22.80bn | SEK 23.95bn | SEK 19.48bn | SEK 16.33bn | SEK 16.96bn | SEK 16.05bn | SEK 16.13bn | SEK 15.51bn |
| Operating income | SEK 3.30bn | SEK 3.72bn | SEK 4.75bn | SEK 7.53bn | SEK 3.73bn | SEK 2.48bn | SEK 11.12bn | SEK 2.38bn | SEK 2.17bn | SEK 1.93bn |
| Net income | SEK 2.88bn | SEK 2.86bn | SEK 3.70bn | SEK 5.87bn | SEK 3.00bn | SEK 1.98bn | SEK 8.73bn | SEK 2.27bn | SEK 1.67bn | SEK 1.42bn |
| Diluted earnings per share | 18.64 | 17.95 | 23.22 | 36.26 | 18.50 | 12.26 | 53.37 | 13.37 | 9.88 | 8.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 80.86bn | SEK 81.55bn | SEK 79.72bn | SEK 81.44bn | SEK 68.10bn | SEK 62.54bn | SEK 59.34bn | SEK 36.91bn | SEK 34.89bn | SEK 34.89bn |
| Cash and short-term investments | SEK 390.0m | SEK 234.0m | SEK 1.20bn | SEK 1.94bn | SEK 507.0m | SEK 346.0m | SEK 483.0m | SEK 278.0m | SEK 356.0m | SEK 210.0m |
| Total liabilities | SEK 25.46bn | SEK 24.18bn | SEK 22.80bn | SEK 24.49bn | SEK 21.11bn | SEK 20.03bn | SEK 19.23bn | SEK 13.46bn | SEK 12.86bn | SEK 13.65bn |
| Debt | — | SEK 2.73bn | SEK 2.15bn | SEK 3.15bn | SEK 4.35bn | SEK 4.69bn | SEK 4.63bn | SEK 3.48bn | SEK 3.26bn | SEK 3.93bn |
| Shareholders' equity | SEK 55.41bn | SEK 57.37bn | SEK 56.92bn | SEK 56.95bn | SEK 46.99bn | SEK 42.52bn | SEK 40.11bn | SEK 23.45bn | SEK 22.04bn | SEK 21.24bn |
| Shares outstanding | 154m | 159m | 159m | 162m | 162m | 161m | 164m | 170m | 169m | 168m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 3.85bn | SEK 3.32bn | SEK 5.80bn | SEK 5.48bn | SEK 3.23bn | SEK 2.46bn | SEK 2.88bn | SEK 2.29bn | SEK 2.51bn | SEK 1.96bn |
| Capital spending | −SEK 2.14bn | −SEK 2.12bn | −SEK 1.71bn | −SEK 1.39bn | −SEK 1.71bn | −SEK 1.17bn | −SEK 1.05bn | −SEK 1.14bn | −SEK 703.0m | −SEK 775.0m |
| Free cash flow | SEK 1.71bn | SEK 1.20bn | SEK 4.10bn | SEK 4.09bn | SEK 1.52bn | SEK 1.29bn | SEK 1.84bn | SEK 1.15bn | SEK 1.81bn | SEK 1.19bn |
| Dividends paid | −SEK 1.89bn | −SEK 1.83bn | −SEK 2.59bn | −SEK 1.86bn | −SEK 1.74bn | −SEK 567.0m | −SEK 1.13bn | −SEK 1.09bn | −SEK 1.01bn | −SEK 882.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 5.63bn | SEK 5.47bn | SEK 5.18bn | SEK 5.33bn | SEK 5.57bn | SEK 5.97bn | SEK 5.51bn | SEK 5.63bn |
| Operating income | SEK 408.0m | SEK 633.0m | SEK 746.0m | SEK 488.0m | SEK 807.0m | SEK 988.0m | SEK 716.0m | SEK 1.08bn |
| Net income | SEK 510.0m | SEK 618.0m | SEK 581.0m | SEK 944.0m | SEK 602.0m | SEK 752.0m | SEK 558.0m | SEK 816.0m |
| Diluted earnings per share | 3.39 | 4.11 | 3.76 | 6.11 | 3.90 | 4.87 | 3.50 | 5.12 |
| Cash from operations | SEK 377.0m | SEK 1.06bn | SEK 1.26bn | SEK 740.0m | SEK 1.24bn | SEK 606.0m | SEK 1.09bn | SEK 711.0m |
| Capital spending | −SEK 240.0m | −SEK 247.0m | −SEK 583.0m | −SEK 487.0m | −SEK 363.0m | −SEK 706.0m | −SEK 689.0m | −SEK 545.0m |
| Free cash flow | SEK 137.0m | SEK 818.0m | SEK 678.0m | SEK 253.0m | SEK 881.0m | −SEK 100.0m | SEK 402.0m | SEK 166.0m |
| Total assets | SEK 81.07bn | SEK 82.30bn | SEK 80.86bn | SEK 82.95bn | SEK 82.49bn | SEK 83.92bn | SEK 81.55bn | SEK 81.26bn |
| Cash and short-term investments | SEK 182.0m | SEK 1.60bn | SEK 390.0m | SEK 174.0m | SEK 324.0m | SEK 1.56bn | SEK 234.0m | SEK 1.11bn |
| Debt | SEK 2.72bn | SEK 1.87bn | SEK 5.75bn | SEK 5.72bn | SEK 5.82bn | SEK 5.24bn | SEK 3.68bn | SEK 4.69bn |
| Shareholders' equity | SEK 54.18bn | SEK 54.65bn | SEK 55.41bn | SEK 56.96bn | SEK 56.20bn | SEK 56.34bn | SEK 57.37bn | SEK 56.72bn |
Financial ratios
Data as of 15 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 15.0% | 16.3% | 20.9% | 31.4% | 19.2% | 15.2% |
| Net margin | 13.1% | 12.6% | 16.2% | 24.5% | 15.4% | 12.1% |
| Return on equity | 5.2% | 5.0% | 6.5% | 10.3% | 6.4% | 4.7% |
| Return on assets | 3.6% | 3.5% | 4.6% | 7.2% | 4.4% | 3.2% |
| Free cash flow yield | 12.0% | 10.6% | 14.6% | 13.1% | 9.4% | 7.0% |
| Revenue growth | -3.1% | -0.2% | -4.8% | 23.0% | 19.3% | -3.7% |
| Earnings growth | 0.6% | -22.6% | -37.1% | 95.5% | 51.8% | -77.3% |
| Current ratio | 1.38x | 1.45x | 1.63x | 2.23x | 1.71x | 1.51x |
| Debt to equity | 0.09x | 0.06x | 0.05x | 0.05x | 0.09x | 0.11x |
| Equity ratio | 68.5% | 70.4% | 71.4% | 69.9% | 69.0% | 68.0% |
| Interest coverage | 23.90x | 36.84x | 47.55x | 109.09x | 81.11x | 47.67x |
| Buybacks as a share of market value | 3.1% | -0.1% | 1.7% | 0.2% | -0.6% | 1.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -2.7% | 6.2% | 3.3% |
| Operating income | -24.0% | 5.9% | 15.7% |
| Net income | -21.2% | 7.8% | 17.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.7% | 21.1% | 20.0% | 21.1% |
| Net margin | 12.8% | 16.7% | 15.9% | 16.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.9 | 22.6 | 18.3 | 11.4 | 23.5 | 32.1 | 5.3 | 13.1 | 22.1 | 19.3 |
| Price to sales | 2.5 | 2.9 | 3.0 | 2.8 | 3.6 | 3.9 | 2.8 | 1.9 | 2.3 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 31 years. Last went ex-dividend on 31 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 9.50 | 9.00 | 8.50 | 8.00 | 7.50 | 7.25 | 3.50 | 6.75 |
- 2-for-1 split · 30 Apr 2018
- 2-for-1 split · 28 May 1996
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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