S 
496.60
-0.32%
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 28.24bn
FY2016FY2025
Net income
SEK 478.0m
FY2016FY2025
Free cash flow
SEK 8.52bn
FY2016FY2025
Shareholders' equity
SEK 37.72bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 28.24bn | SEK 26.03bn | SEK 22.12bn | SEK 18.79bn | SEK 15.53bn | SEK 15.26bn | SEK 14.25bn | SEK 9.14bn | SEK 6.51bn | SEK 5.20bn |
| Research and development | SEK 3.25bn | SEK 3.54bn | SEK 2.80bn | SEK 2.35bn | SEK 1.99bn | SEK 1.59bn | SEK 1.50bn | SEK 1.09bn | SEK 907.7m | SEK 777.6m |
| Operating income | SEK 8.05bn | SEK 5.63bn | SEK 4.07bn | SEK 3.81bn | SEK 3.73bn | SEK 4.82bn | SEK 4.53bn | SEK 3.12bn | SEK 1.60bn | SEK 1.13bn |
| Net income | SEK 478.0m | SEK 3.88bn | SEK 2.41bn | SEK 2.64bn | SEK 2.68bn | SEK 3.25bn | SEK 3.30bn | SEK 2.42bn | SEK 1.15bn | SEK 809.1m |
| Diluted earnings per share | 1.37 | 11.19 | 7.03 | 8.43 | 9.01 | 11.00 | 11.23 | 8.97 | 4.27 | 3.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 67.43bn | SEK 75.44bn | SEK 74.03bn | SEK 52.50bn | SEK 48.66bn | SEK 48.28bn | SEK 45.66bn | SEK 17.18bn | SEK 10.90bn | SEK 9.97bn |
| Cash and short-term investments | SEK 1.04bn | SEK 1.14bn | SEK 904.0m | SEK 1.36bn | SEK 1.04bn | SEK 404.0m | SEK 737.0m | SEK 3.00bn | SEK 1.48bn | SEK 785.8m |
| Total liabilities | SEK 29.71bn | SEK 35.15bn | SEK 40.16bn | SEK 25.97bn | SEK 25.46bn | SEK 28.08bn | SEK 28.73bn | SEK 8.14bn | SEK 4.20bn | SEK 4.62bn |
| Debt | SEK 11.49bn | SEK 16.73bn | SEK 20.48bn | SEK 9.10bn | SEK 10.91bn | SEK 14.57bn | SEK 16.56bn | SEK 3.0m | SEK 5.0m | SEK 504.0m |
| Shareholders' equity | SEK 37.72bn | SEK 40.29bn | SEK 33.87bn | SEK 26.52bn | SEK 23.20bn | SEK 20.21bn | SEK 16.93bn | SEK 9.04bn | SEK 6.70bn | SEK 5.35bn |
| Shares outstanding | 349m | 347m | 343m | 313m | 297m | 295m | 294m | 270m | 269m | 269m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 8.56bn | SEK 7.39bn | SEK 4.47bn | SEK 4.58bn | SEK 5.47bn | SEK 5.21bn | SEK 3.63bn | SEK 2.09bn | SEK 1.33bn | SEK 342.9m |
| Capital spending | −SEK 40.0m | −SEK 3.00bn | −SEK 4.94bn | −SEK 1.48bn | −SEK 370.0m | −SEK 3.85bn | −SEK 9.75bn | −SEK 577.9m | −SEK 139.4m | −SEK 164.5m |
| Free cash flow | SEK 8.52bn | SEK 4.38bn | −SEK 473.0m | SEK 3.10bn | SEK 5.10bn | SEK 1.36bn | −SEK 6.11bn | SEK 1.51bn | SEK 1.19bn | SEK 178.4m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 7.84bn | SEK 7.18bn | SEK 7.82bn | SEK 7.78bn | SEK 6.17bn | SEK 6.46bn | SEK 7.44bn | SEK 6.89bn |
| Operating income | SEK 2.07bn | SEK 1.87bn | SEK 2.85bn | SEK 2.83bn | SEK 1.23bn | SEK 1.36bn | SEK 1.66bn | SEK 2.04bn |
| Net income | SEK 1.10bn | SEK 1.32bn | SEK 1.86bn | −SEK 2.90bn | SEK 636.0m | SEK 875.0m | SEK 1.40bn | SEK 1.46bn |
| Diluted earnings per share | 3.13 | 3.77 | 5.34 | -8.30 | 1.82 | 2.51 | 4.03 | 4.22 |
| Cash from operations | SEK 1.91bn | SEK 1.13bn | SEK 2.98bn | SEK 1.84bn | SEK 1.45bn | SEK 2.29bn | SEK 1.80bn | SEK 1.20bn |
| Capital spending | −SEK 340.0m | −SEK 254.0m | −SEK 5.0m | −SEK 8.0m | −SEK 421.0m | −SEK 11.0m | −SEK 61.0m | −SEK 2.18bn |
| Free cash flow | SEK 1.57bn | SEK 872.0m | SEK 2.98bn | SEK 1.83bn | SEK 1.03bn | SEK 2.28bn | SEK 1.74bn | −SEK 978.0m |
| Total assets | SEK 82.89bn | SEK 81.26bn | SEK 67.43bn | SEK 66.96bn | SEK 68.75bn | SEK 70.12bn | SEK 75.44bn | SEK 72.19bn |
| Cash and short-term investments | SEK 1.08bn | SEK 940.0m | SEK 1.04bn | SEK 1.04bn | SEK 1.06bn | SEK 997.0m | SEK 1.14bn | SEK 594.0m |
| Debt | SEK 17.34bn | SEK 18.80bn | SEK 11.49bn | SEK 13.59bn | SEK 12.81bn | SEK 14.02bn | SEK 16.73bn | SEK 17.61bn |
| Shareholders' equity | SEK 42.26bn | SEK 40.38bn | SEK 37.72bn | SEK 35.98bn | SEK 39.06bn | SEK 39.03bn | SEK 40.29bn | SEK 37.09bn |
Financial ratios
Data as of 7 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 28.5% | 21.6% | 18.4% | 20.3% | 24.0% | 31.6% |
| Net margin | 1.7% | 14.9% | 10.9% | 14.0% | 17.3% | 21.3% |
| Return on equity | 1.3% | 9.6% | 7.1% | 9.9% | 11.5% | 16.1% |
| Return on assets | 0.7% | 5.1% | 3.3% | 5.0% | 5.5% | 6.7% |
| Free cash flow yield | 5.4% | 6.6% | 6.0% | 4.3% | 4.3% | 6.8% |
| Revenue growth | 8.5% | 17.6% | 17.7% | 21.0% | 1.8% | 7.1% |
| Earnings growth | -87.7% | 61.3% | -8.7% | -1.5% | -17.4% | -1.8% |
| Current ratio | 0.90x | 1.04x | 0.67x | 0.75x | 1.00x | 0.78x |
| Debt to equity | 0.30x | 0.41x | 0.60x | 0.34x | 0.46x | 0.71x |
| Equity ratio | 55.9% | 53.4% | 45.7% | 50.5% | 47.7% | 41.8% |
| Interest coverage | 9.68x | 4.54x | 3.66x | 8.31x | 8.91x | 9.89x |
| R&D as a share of sales | 11.5% | 13.6% | 12.6% | 12.5% | 12.8% | 10.4% |
| Buybacks as a share of market value | -0.5% | -1.2% | -9.6% | -5.2% | -0.9% | -0.2% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 14.5% | 13.1% | 24.2% |
| Operating income | 28.3% | 10.8% | 49.3% |
| Net income | -43.4% | -31.8% | 21.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 25.2% | 22.6% | 23.9% | 24.7% |
| Net margin | 8.0% | 9.9% | 12.2% | 14.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 242.7 | 28.4 | 38.0 | 24.4 | 19.6 | 14.4 | 13.1 | 20.6 | 25.1 | 33.9 |
| Price to sales | 4.1 | 4.2 | 4.1 | 3.4 | 3.4 | 3.1 | 3.0 | 5.4 | 4.4 | 5.3 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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