R 
172.20
-2.55%
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 1.34bn
FY2016FY2025
Net income
SEK 227.8m
FY2016FY2025
Free cash flow
SEK 358.9m
FY2016FY2025
Shareholders' equity
SEK 985.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 1.34bn | SEK 1.19bn | SEK 1.02bn | SEK 843.6m | SEK 641.7m | SEK 651.6m | SEK 741.6m | SEK 627.2m | SEK 585.1m | SEK 531.5m |
| Research and development | SEK 50.7m | SEK 269.4m | SEK 237.7m | SEK 238.8m | SEK 233.4m | SEK 185.0m | SEK 174.7m | SEK 147.7m | SEK 104.3m | SEK 93.2m |
| Operating income | SEK 321.8m | SEK 260.5m | SEK 114.9m | SEK 42.7m | −SEK 53.3m | −SEK 3.5m | SEK 68.2m | SEK 94.7m | SEK 159.7m | SEK 199.6m |
| Net income | SEK 227.8m | SEK 203.5m | SEK 81.6m | SEK 23.8m | −SEK 47.3m | −SEK 9.1m | SEK 50.4m | SEK 78.5m | SEK 117.6m | SEK 151.4m |
| Diluted earnings per share | 6.64 | 5.94 | 2.38 | 0.69 | -1.38 | -0.26 | 1.47 | 2.29 | 3.43 | 4.40 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.99bn | SEK 2.09bn | SEK 1.95bn | SEK 1.88bn | SEK 1.74bn | SEK 1.28bn | SEK 1.26bn | SEK 1.11bn | SEK 915.1m | SEK 717.3m |
| Cash and short-term investments | SEK 407.3m | SEK 462.7m | SEK 343.7m | SEK 160.3m | SEK 102.5m | SEK 168.7m | SEK 113.9m | SEK 112.2m | SEK 104.2m | SEK 87.7m |
| Total liabilities | SEK 1.01bn | SEK 1.21bn | SEK 1.22bn | SEK 1.22bn | SEK 1.09bn | SEK 590.6m | SEK 558.8m | SEK 448.0m | SEK 334.6m | SEK 257.1m |
| Debt | SEK 394.8m | SEK 471.9m | SEK 529.4m | SEK 556.1m | SEK 562.3m | SEK 146.3m | SEK 170.7m | SEK 131.5m | SEK 83.8m | SEK 61.5m |
| Shareholders' equity | SEK 985.3m | SEK 876.7m | SEK 735.2m | SEK 657.2m | SEK 649.3m | SEK 694.4m | SEK 705.5m | SEK 657.5m | SEK 580.4m | SEK 460.2m |
| Shares outstanding | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 387.0m | SEK 485.2m | SEK 455.9m | SEK 356.8m | SEK 238.2m | SEK 331.5m | SEK 320.1m | SEK 178.5m | SEK 147.5m | SEK 120.8m |
| Capital spending | −SEK 28.1m | −SEK 217.5m | −SEK 209.3m | −SEK 231.5m | −SEK 255.2m | −SEK 225.6m | −SEK 212.0m | −SEK 223.6m | −SEK 148.8m | −SEK 106.9m |
| Free cash flow | SEK 358.9m | SEK 267.7m | SEK 246.6m | SEK 125.3m | −SEK 17.1m | SEK 105.9m | SEK 108.1m | −SEK 45.2m | −SEK 1.3m | SEK 13.9m |
| Dividends paid | −SEK 102.8m | −SEK 68.6m | — | — | — | — | — | — | — | −SEK 8.6m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 272.3m | SEK 290.3m | SEK 375.4m | SEK 332.3m | SEK 304.9m | SEK 331.7m | SEK 322.7m | SEK 293.3m |
| Operating income | SEK 24.5m | SEK 53.9m | SEK 101.7m | SEK 89.2m | SEK 36.4m | SEK 74.8m | SEK 73.6m | SEK 61.8m |
| Net income | SEK 19.6m | SEK 53.2m | SEK 68.6m | SEK 71.6m | SEK 30.8m | SEK 56.8m | SEK 60.0m | SEK 45.4m |
| Diluted earnings per share | 0.57 | 1.55 | 2.00 | 2.09 | 0.90 | 1.66 | 1.75 | 1.32 |
| Cash from operations | SEK 133.0m | SEK 116.0m | SEK 173.0m | −SEK 11.0m | SEK 70.0m | SEK 146.0m | SEK 102.0m | SEK 60.0m |
| Capital spending | −SEK 6.0m | −SEK 6.0m | −SEK 6.0m | −SEK 51.0m | −SEK 52.0m | −SEK 61.0m | −SEK 60.0m | −SEK 38.0m |
| Free cash flow | SEK 127.0m | SEK 110.0m | SEK 167.0m | −SEK 62.0m | SEK 18.0m | SEK 85.0m | SEK 42.0m | SEK 22.0m |
| Total assets | SEK 1.82bn | SEK 2.03bn | SEK 1.99bn | SEK 1.94bn | SEK 1.99bn | SEK 2.06bn | SEK 2.09bn | SEK 2.02bn |
| Cash and short-term investments | SEK 213.1m | SEK 439.3m | SEK 407.3m | SEK 322.8m | SEK 402.8m | SEK 503.4m | SEK 462.7m | SEK 425.0m |
| Debt | SEK 78.9m | SEK 78.5m | SEK 394.8m | SEK 411.1m | SEK 430.0m | SEK 449.4m | SEK 549.0m | SEK 477.4m |
| Shareholders' equity | SEK 788.4m | SEK 1.04bn | SEK 985.3m | SEK 919.3m | SEK 848.9m | SEK 922.0m | SEK 876.7m | SEK 810.7m |
Financial ratios
Data as of 12 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 23.9% | 22.8% | 11.7% | 5.2% | -8.2% | -0.1% |
| Net margin | 16.9% | 17.1% | 8.0% | 2.8% | -7.4% | -1.4% |
| Return on equity | 23.1% | 23.2% | 11.1% | 3.6% | -7.3% | -1.3% |
| Return on assets | 11.4% | 9.7% | 4.2% | 1.3% | -2.7% | -0.7% |
| Free cash flow yield | 6.2% | 10.6% | 10.0% | 8.8% | 7.4% | 8.4% |
| Revenue growth | 12.8% | 16.6% | 21.2% | 31.5% | -1.5% | -12.1% |
| Earnings growth | 11.9% | 149.5% | 243.1% | -150.3% | 421.1% | -118.0% |
| Current ratio | 1.70x | 1.40x | 1.19x | 1.02x | 1.05x | 1.35x |
| Debt to equity | 0.08x | 0.09x | 0.13x | 0.85x | 0.87x | 0.21x |
| Equity ratio | 49.5% | 41.9% | 37.7% | 35.0% | 37.3% | 54.0% |
| Interest coverage | 41.26x | 30.05x | 12.37x | 3.82x | -8.72x | -0.13x |
| R&D as a share of sales | 3.8% | 22.6% | 23.3% | 28.3% | 36.4% | 28.4% |
| Buybacks as a share of market value | -0.0% | -0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 16.8% | 15.6% | 13.0% |
| Operating income | 96.0% | — | 12.9% |
| Net income | 112.4% | — | 12.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 23.0% | 16.8% | 12.0% | 15.2% |
| Net margin | 17.0% | 12.2% | 8.4% | 11.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 34.3 | 36.4 | 38.0 | 98.0 | -40.9 | -312.3 | 72.9 | 42.1 | 49.8 | 41.9 |
| Price to sales | 5.8 | 6.2 | 3.0 | 2.8 | 3.0 | 4.3 | 5.0 | 5.3 | 10.0 | 11.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 8 May 2026.
| FY2026 | FY2025 | FY2024 | FY2016 | FY2011 | FY2010 | FY2008 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 4.00 | 3.00 | 1.30 | 0.25 | 0.50 | 0.50 | 0.167 |
- 3-for-1 split · 25 Jun 2008
- 20-to-1 reverse split · 10 Jun 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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