S 
120.40
-0.17%
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 42.8m
FY2018FY2025
Net income
SEK 67.0m
FY2018FY2025
Free cash flow
−SEK 77.6m
FY2018FY2025
Shareholders' equity
SEK 2.05bn
FY2018FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 42.8m | SEK 398.8m | SEK 376.0m | SEK 341.2m | SEK 307.3m | SEK 290.8m | SEK 333.3m | SEK 322.2m |
| Gross profit | SEK 17.0m | SEK 404.9m | SEK 346.7m | SEK 317.1m | SEK 300.9m | SEK 313.1m | SEK 351.8m | SEK 336.2m |
| Operating income | −SEK 42.3m | SEK 2.57bn | SEK 87.7m | SEK 70.4m | SEK 72.0m | SEK 63.1m | SEK 80.2m | SEK 80.1m |
| Net income | SEK 67.0m | SEK 2.55bn | SEK 83.1m | SEK 80.3m | SEK 55.1m | SEK 249.6m | SEK 70.3m | SEK 77.1m |
| Diluted earnings per share | 4.87 | 103.11 | 3.35 | 3.24 | 2.22 | 10.07 | 2.84 | 3.11 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.23bn | SEK 3.56bn | SEK 1.74bn | SEK 1.55bn | SEK 1.48bn | SEK 1.38bn | SEK 1.21bn | SEK 1.10bn |
| Cash and short-term investments | — | — | — | — | — | — | — | SEK 25.9m |
| Total liabilities | SEK 123.1m | SEK 28.9m | SEK 735.6m | SEK 611.3m | SEK 596.9m | SEK 538.1m | SEK 629.4m | SEK 585.2m |
| Debt | SEK 93.2m | — | SEK 391.7m | SEK 295.2m | SEK 285.2m | SEK 274.3m | SEK 331.0m | SEK 316.4m |
| Shareholders' equity | SEK 2.05bn | SEK 3.53bn | SEK 1.00bn | SEK 943.6m | SEK 878.2m | SEK 837.9m | SEK 576.7m | SEK 515.9m |
| Shares outstanding | 14m | 25m | 25m | 25m | 25m | 25m | 25m | 25m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | −SEK 60.2m | SEK 122.4m | SEK 149.9m | SEK 108.3m | SEK 172.0m | SEK 77.9m | SEK 134.9m | SEK 149.4m |
| Capital spending | −SEK 17.4m | −SEK 170.6m | −SEK 167.1m | −SEK 101.0m | −SEK 156.3m | −SEK 164.9m | −SEK 165.9m | −SEK 113.7m |
| Free cash flow | −SEK 77.6m | −SEK 48.2m | −SEK 17.3m | SEK 7.3m | SEK 15.7m | −SEK 87.0m | −SEK 30.9m | SEK 35.8m |
| Dividends paid | −SEK 57.0m | −SEK 28.5m | −SEK 24.8m | −SEK 14.9m | −SEK 14.9m | — | — | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 17.2m | SEK 23.5m | SEK 21.1m | SEK 9.2m | SEK 7.8m | SEK 4.7m | SEK 111.9m | SEK 90.3m |
| Gross profit | — | — | SEK 21.1m | SEK 9.2m | SEK 7.8m | SEK 4.7m | SEK 116.0m | SEK 95.4m |
| Operating income | −SEK 34,000 | SEK 1.5m | −SEK 4.9m | −SEK 17.5m | −SEK 15.0m | −SEK 4.9m | SEK 2.52bn | SEK 7.1m |
| Net income | SEK 46.8m | SEK 20.0m | −SEK 155,000 | SEK 34.3m | SEK 9.1m | SEK 23.8m | SEK 2.51bn | SEK 3.8m |
| Diluted earnings per share | 3.40 | 1.46 | -0.01 | 2.49 | 0.66 | 1.73 | 101.49 | 0.15 |
| Cash from operations | SEK 61.0m | SEK 48.0m | SEK 51.0m | −SEK 113.0m | — | SEK 2.0m | SEK 10.0m | SEK 7.0m |
| Capital spending | −SEK 3.0m | — | −SEK 8.0m | −SEK 3.0m | −SEK 1.0m | −SEK 3.0m | −SEK 42.0m | −SEK 54.0m |
| Free cash flow | SEK 58.0m | — | SEK 43.0m | −SEK 116.0m | — | −SEK 1.0m | −SEK 32.0m | −SEK 47.0m |
| Total assets | SEK 2.23bn | SEK 2.22bn | SEK 2.23bn | SEK 2.22bn | SEK 3.76bn | SEK 3.57bn | SEK 3.56bn | SEK 1.78bn |
| Debt | SEK 10.4m | SEK 11.0m | SEK 11.7m | SEK 102.6m | — | — | — | — |
| Shareholders' equity | SEK 2.08bn | SEK 2.07bn | SEK 2.05bn | SEK 2.05bn | SEK 2.02bn | SEK 3.55bn | SEK 3.53bn | SEK 1.01bn |
Financial ratios
Data as of 3 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Gross margin | 39.7% | 101.5% | 92.2% | 92.9% | 97.9% |
| Operating margin | 171.2% | 650.5% | 30.0% | 30.1% | 21.2% |
| Net margin | 156.4% | 640.5% | 22.1% | 23.5% | 17.9% |
| Return on equity | 3.3% | 72.4% | 8.3% | 8.5% | 6.3% |
| Return on assets | 3.0% | 71.8% | 4.8% | 5.2% | 3.7% |
| Free cash flow yield | -2.6% | 10.0% | — | — | — |
| Revenue growth | -89.3% | 6.1% | 10.2% | 11.0% | — |
| Earnings growth | -97.4% | 2974.8% | 3.5% | 45.7% | — |
| Current ratio | 9.88x | 70.92x | 0.61x | 0.70x | 0.68x |
| Debt to equity | 0.01x | 0.00x | 0.27x | 0.20x | 0.23x |
| Equity ratio | 92.1% | 99.2% | 57.7% | 60.7% | 59.5% |
| Interest coverage | 15.53x | 120.17x | 7.84x | 13.71x | 9.74x |
| Buybacks as a share of market value | 44.5% | — | — | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -49.9% | -31.8% | — |
| Net income | -5.9% | -23.1% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 95.5% | 93.7% | 96.8% | — |
| Operating margin | 572.7% | 231.9% | 160.6% | — |
| Net margin | 593.6% | 240.3% | 175.8% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Price to earnings | 18.3 | 1.0 | 14.5 | 16.4 |
| Price to sales | 28.7 | 6.2 | 3.2 | 3.9 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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