M 
71.20
+0.92%
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 18.37bn
FY2016FY2025
Net income
SEK 36.0m
FY2016FY2025
Free cash flow
SEK 800.0m
FY2016FY2025
Shareholders' equity
SEK 5.86bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 18.37bn | SEK 18.55bn | SEK 17.28bn | SEK 14.39bn | SEK 12.55bn | SEK 11.76bn | SEK 12.02bn | SEK 7.95bn | SEK 6.00bn | SEK 5.94bn |
| Research and development | — | SEK 60.0m | SEK 73.0m | SEK 65.0m | SEK 56.0m | — | — | — | — | — |
| Operating income | SEK 500.0m | SEK 902.0m | SEK 872.0m | SEK 759.0m | SEK 894.0m | SEK 738.0m | SEK 705.0m | SEK 407.0m | SEK 522.0m | SEK 481.0m |
| Net income | SEK 36.0m | SEK 433.0m | SEK 419.0m | SEK 454.0m | SEK 572.0m | SEK 432.0m | SEK 413.0m | SEK 260.0m | SEK 361.0m | SEK 335.0m |
| Diluted earnings per share | 0.65 | 7.74 | 7.48 | 8.14 | 10.22 | 7.67 | 7.33 | 4.61 | 8.39 | 7.78 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 17.52bn | SEK 16.91bn | SEK 16.04bn | SEK 15.77bn | SEK 13.23bn | SEK 12.19bn | SEK 12.87bn | SEK 10.86bn | SEK 5.55bn | SEK 5.45bn |
| Cash and short-term investments | SEK 566.0m | SEK 607.0m | SEK 623.0m | SEK 741.0m | SEK 892.0m | SEK 420.0m | SEK 355.0m | SEK 205.0m | SEK 254.0m | SEK 291.0m |
| Total liabilities | SEK 11.51bn | SEK 10.29bn | SEK 9.87bn | SEK 9.85bn | SEK 8.00bn | SEK 7.60bn | SEK 8.54bn | SEK 7.01bn | SEK 3.17bn | SEK 3.13bn |
| Debt | SEK 6.56bn | SEK 5.28bn | SEK 5.57bn | SEK 5.84bn | SEK 4.80bn | SEK 4.69bn | SEK 5.84bn | SEK 4.30bn | SEK 1.70bn | SEK 1.74bn |
| Shareholders' equity | SEK 5.86bn | SEK 6.45bn | SEK 6.04bn | SEK 5.80bn | SEK 5.17bn | SEK 4.53bn | SEK 4.30bn | SEK 3.83bn | SEK 2.36bn | SEK 2.31bn |
| Shares outstanding | 56m | 56m | 56m | 56m | 56m | 56m | 56m | 56m | 43m | 43m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 1.01bn | SEK 1.38bn | SEK 1.25bn | SEK 1.05bn | SEK 1.23bn | SEK 1.63bn | SEK 1.14bn | SEK 331.0m | SEK 496.0m | SEK 544.0m |
| Capital spending | −SEK 213.0m | −SEK 213.0m | −SEK 231.0m | −SEK 208.0m | −SEK 174.0m | −SEK 152.0m | −SEK 131.0m | −SEK 221.0m | −SEK 164.0m | −SEK 111.0m |
| Free cash flow | SEK 800.0m | SEK 1.16bn | SEK 1.02bn | SEK 840.0m | SEK 1.05bn | SEK 1.47bn | SEK 1.01bn | SEK 110.0m | SEK 332.0m | SEK 433.0m |
| Dividends paid | −SEK 218.0m | −SEK 207.0m | −SEK 185.0m | −SEK 184.0m | −SEK 19.0m | −SEK 4.0m | −SEK 9.0m | −SEK 260.0m | −SEK 258.0m | −SEK 259.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 4.64bn | SEK 4.55bn | SEK 4.60bn | SEK 4.49bn | SEK 4.51bn | SEK 4.68bn | SEK 4.76bn | SEK 4.64bn |
| Operating income | SEK 147.0m | SEK 174.0m | SEK 103.0m | SEK 144.0m | SEK 91.0m | SEK 240.0m | SEK 130.0m | SEK 345.0m |
| Net income | SEK 79.0m | SEK 55.0m | −SEK 11.0m | SEK 5.0m | −SEK 7.0m | SEK 48.0m | −SEK 4.0m | SEK 226.0m |
| Diluted earnings per share | 1.42 | 0.99 | -0.20 | 0.09 | -0.13 | 0.86 | -0.07 | 4.04 |
| Cash from operations | SEK 73.0m | SEK 441.0m | SEK 209.0m | SEK 428.0m | SEK 498.0m | −SEK 122.0m | SEK 213.0m | SEK 178.0m |
| Capital spending | −SEK 18.0m | −SEK 25.0m | −SEK 36.0m | −SEK 51.0m | −SEK 76.0m | −SEK 95.0m | −SEK 84.0m | −SEK 36.0m |
| Free cash flow | SEK 55.0m | SEK 416.0m | SEK 173.0m | SEK 377.0m | SEK 422.0m | −SEK 217.0m | SEK 129.0m | SEK 142.0m |
| Total assets | SEK 17.27bn | SEK 18.34bn | SEK 17.52bn | SEK 18.13bn | SEK 18.50bn | SEK 17.46bn | SEK 16.91bn | SEK 16.93bn |
| Cash and short-term investments | SEK 537.0m | SEK 1.39bn | SEK 566.0m | SEK 505.0m | SEK 432.0m | SEK 293.0m | SEK 607.0m | SEK 762.0m |
| Debt | SEK 4.10bn | SEK 4.75bn | SEK 7.33bn | SEK 7.16bn | SEK 7.21bn | SEK 6.53bn | SEK 5.29bn | SEK 5.16bn |
| Shareholders' equity | SEK 6.11bn | SEK 6.01bn | SEK 5.86bn | SEK 5.97bn | SEK 6.06bn | SEK 6.17bn | SEK 6.45bn | SEK 6.49bn |
Financial ratios
Data as of 20 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 2.6% | 4.9% | 5.0% | 5.1% | 6.9% | 6.2% |
| Net margin | 0.2% | 2.3% | 2.4% | 3.2% | 4.6% | 3.7% |
| Return on equity | 0.6% | 6.7% | 6.9% | 7.8% | 11.1% | 9.5% |
| Return on assets | 0.2% | 2.6% | 2.6% | 2.9% | 4.3% | 3.5% |
| Free cash flow yield | 31.7% | 40.8% | 38.1% | 32.4% | 36.0% | 45.4% |
| Revenue growth | -1.0% | 7.4% | 20.1% | 14.7% | 6.7% | -2.1% |
| Earnings growth | -91.7% | 3.3% | -7.7% | -20.6% | 32.4% | 4.6% |
| Current ratio | 1.55x | 1.63x | 1.70x | 1.80x | 1.65x | 1.41x |
| Debt to equity | 0.72x | 0.60x | 0.69x | 0.84x | 0.71x | 0.79x |
| Equity ratio | 33.5% | 38.2% | 37.6% | 36.8% | 39.1% | 37.1% |
| Interest coverage | 1.36x | 3.16x | 3.03x | 4.82x | 8.10x | 5.48x |
| R&D as a share of sales | — | 0.3% | 0.4% | 0.5% | 0.4% | — |
| Buybacks as a share of market value | 0.6% | 0.1% | -0.4% | 0.3% | 0.6% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 8.5% | 9.3% | 12.3% |
| Operating income | -13.0% | -7.5% | -2.1% |
| Net income | -57.0% | -39.2% | -21.8% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 3.8% | 4.4% | 5.0% | 5.7% |
| Net margin | 1.3% | 2.0% | 2.5% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 112.7 | 17.3 | 14.6 | 13.8 | 15.4 | 11.9 | 12.7 | 19.8 | 14.8 | 18.4 |
| Price to sales | 0.2 | 0.4 | 0.3 | 0.4 | 0.7 | 0.4 | 0.4 | 0.7 | 0.9 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 14 Nov 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 3.90 | 3.70 | 3.30 | 3.00 | 5.823 | 5.823 | 5.823 | 5.823 |
- 2-for-1 split · 2 Jun 2005
- 2-for-1 split · 3 Jun 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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