H 
37.39
+2.69%
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 7.25bn
FY2016FY2025
Net income
−SEK 14.0m
FY2016FY2025
Free cash flow
SEK 487.0m
FY2016FY2025
Shareholders' equity
SEK 3.44bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 7.25bn | SEK 7.59bn | SEK 8.15bn | SEK 6.57bn | SEK 3.49bn | SEK 2.08bn | SEK 1.84bn | SEK 1.60bn | SEK 1.72bn | SEK 1.03bn |
| Research and development | SEK 12.0m | — | SEK 12.0m | SEK 6.4m | SEK 3.4m | SEK 1.9m | SEK 2.1m | SEK 1.1m | SEK 645,000 | — |
| Operating income | SEK 74.0m | SEK 680.0m | SEK 1.12bn | SEK 1.03bn | SEK 355.1m | SEK 177.3m | SEK 119.7m | SEK 92.5m | SEK 144.9m | SEK 85.3m |
| Net income | −SEK 14.0m | SEK 346.0m | SEK 848.0m | SEK 795.0m | SEK 253.1m | SEK 126.5m | SEK 67.1m | SEK 59.3m | SEK 112.3m | SEK 54.1m |
| Diluted earnings per share | -0.07 | 1.68 | 4.18 | 3.87 | 1.30 | 0.67 | 0.36 | 0.32 | 0.60 | 0.30 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 8.06bn | SEK 8.96bn | SEK 8.73bn | SEK 7.39bn | SEK 4.72bn | SEK 1.95bn | SEK 1.50bn | SEK 1.30bn | SEK 777.1m | SEK 605.2m |
| Cash and short-term investments | SEK 661.0m | SEK 633.0m | SEK 813.0m | SEK 552.0m | SEK 675.1m | SEK 212.3m | SEK 103.8m | SEK 84.6m | SEK 108.2m | SEK 51.1m |
| Total liabilities | SEK 4.59bn | SEK 4.91bn | SEK 5.30bn | SEK 4.58bn | SEK 3.07bn | SEK 1.30bn | SEK 923.5m | SEK 808.7m | SEK 361.8m | SEK 304.3m |
| Debt | SEK 2.36bn | SEK 3.07bn | SEK 3.49bn | SEK 2.35bn | SEK 1.92bn | SEK 744.7m | SEK 580.5m | SEK 438.1m | SEK 94.0m | SEK 55.7m |
| Shareholders' equity | SEK 3.44bn | SEK 4.02bn | SEK 3.40bn | SEK 2.77bn | SEK 1.64bn | SEK 649.5m | SEK 574.4m | SEK 494.4m | SEK 415.3m | SEK 300.8m |
| Shares outstanding | 206m | 205m | 203m | 205m | 195m | 189m | 186m | 186m | 189m | 181m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 585.0m | SEK 921.0m | SEK 944.0m | SEK 669.5m | SEK 104.7m | SEK 249.8m | SEK 173.9m | SEK 15.6m | SEK 102.7m | SEK 56.8m |
| Capital spending | −SEK 98.0m | −SEK 325.0m | −SEK 519.0m | −SEK 479.0m | −SEK 202.3m | −SEK 65.0m | −SEK 81.8m | −SEK 41.0m | −SEK 37.7m | −SEK 28.5m |
| Free cash flow | SEK 487.0m | SEK 596.0m | SEK 425.0m | SEK 190.5m | −SEK 97.6m | SEK 184.9m | SEK 92.1m | −SEK 25.5m | SEK 65.0m | SEK 28.3m |
| Dividends paid | — | — | −SEK 20.0m | −SEK 20.0m | −SEK 18.9m | −SEK 18.9m | −SEK 14.9m | −SEK 14.5m | −SEK 10.4m | −SEK 10.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 2.25bn | SEK 1.70bn | SEK 2.00bn | SEK 1.98bn | SEK 1.91bn | SEK 1.91bn | SEK 1.82bn | SEK 1.95bn |
| Operating income | SEK 199.0m | SEK 122.0m | SEK 152.0m | SEK 6.0m | SEK 142.0m | SEK 155.0m | SEK 151.0m | SEK 200.0m |
| Net income | SEK 132.0m | SEK 92.0m | −SEK 56.0m | −SEK 123.0m | SEK 78.0m | SEK 87.0m | SEK 86.0m | SEK 108.0m |
| Diluted earnings per share | 0.61 | 0.43 | -0.27 | -0.60 | 0.38 | 0.42 | 0.42 | 0.53 |
| Cash from operations | SEK 181.0m | SEK 29.0m | SEK 350.0m | SEK 154.0m | SEK 131.0m | −SEK 50.0m | SEK 286.0m | SEK 143.0m |
| Capital spending | −SEK 30.0m | −SEK 22.0m | −SEK 27.0m | −SEK 27.0m | −SEK 30.0m | −SEK 14.0m | −SEK 85.0m | −SEK 77.0m |
| Free cash flow | SEK 151.0m | SEK 7.0m | SEK 323.0m | SEK 127.0m | SEK 101.0m | −SEK 64.0m | SEK 201.0m | SEK 66.0m |
| Total assets | SEK 9.45bn | SEK 8.32bn | SEK 8.06bn | SEK 8.28bn | SEK 8.54bn | SEK 8.69bn | SEK 8.96bn | SEK 8.93bn |
| Cash and short-term investments | SEK 694.0m | SEK 603.0m | SEK 661.0m | SEK 596.0m | SEK 518.0m | SEK 499.0m | SEK 633.0m | SEK 676.0m |
| Debt | SEK 2.29bn | SEK 2.39bn | SEK 2.36bn | SEK 184.0m | SEK 2.81bn | SEK 2.93bn | SEK 3.07bn | SEK 3.16bn |
| Shareholders' equity | SEK 4.41bn | SEK 3.60bn | SEK 3.44bn | SEK 3.60bn | SEK 3.81bn | SEK 3.82bn | SEK 4.02bn | SEK 3.81bn |
Financial ratios
Data as of 11 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 1.0% | 9.0% | 15.9% | 16.1% | 10.1% | 8.5% | — |
| Net margin | -0.2% | 4.6% | 10.4% | 12.1% | 7.2% | 6.1% | — |
| Return on equity | -0.4% | 8.6% | 24.9% | 28.7% | 15.4% | 19.5% | — |
| Return on assets | -0.2% | 3.9% | 9.7% | 10.8% | 5.4% | 6.5% | — |
| Free cash flow yield | 7.9% | 14.4% | 17.1% | 13.3% | 3.7% | 4.0% | — |
| Revenue growth | -4.5% | -6.9% | 24.0% | 88.3% | 67.8% | 12.9% | — |
| Earnings growth | -104.0% | -59.2% | 6.7% | 214.1% | 100.1% | 88.6% | — |
| Current ratio | 1.97x | 2.25x | 2.32x | 1.86x | 1.87x | 1.58x | — |
| Debt to equity | 0.69x | 0.66x | 0.89x | 0.71x | 0.97x | 0.89x | — |
| Equity ratio | 42.7% | 44.9% | 39.0% | 37.5% | 34.8% | 33.3% | — |
| Interest coverage | 0.52x | 3.45x | 7.85x | 25.85x | 17.28x | 14.76x | — |
| R&D as a share of sales | 0.2% | — | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | -0.1% | -1.2% | 1.1% | -5.1% | -3.2% | -1.5% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 3.3% | 28.3% | 27.7% |
| Operating income | -58.4% | -16.0% | 4.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 5.1% | 9.8% | 9.8% | 9.4% |
| Net margin | 2.2% | 6.7% | 6.7% | 6.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -338.4 | 21.5 | 6.5 | 23.4 | 49.9 | 14.7 | 21.6 | 18.8 | 16.6 | 15.9 |
| Price to sales | 0.7 | 1.0 | 0.7 | 2.8 | 3.6 | 0.9 | 0.8 | 0.7 | 1.1 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 10 May 2023.
| FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2016 | |
|---|---|---|---|---|---|---|
| Paid in the year | 0.10 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 |
- 5-for-1 split · 2 Jun 2022
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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