S 
11.40
-0.61%
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 33.10bn
FY2017FY2025
Net income
SEK 1.06bn
FY2017FY2025
Free cash flow
SEK 1.79bn
FY2017FY2025
Shareholders' equity
SEK 20.60bn
FY2017FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 33.10bn | SEK 34.18bn | SEK 36.01bn | SEK 34.25bn | SEK 17.50bn | SEK 8.93bn | SEK 6.16bn | SEK 3.30bn | SEK 1.70bn |
| Research and development | — | — | — | — | SEK 11.0m | — | — | — | — |
| Operating income | SEK 2.39bn | SEK 1.43bn | SEK 2.45bn | SEK 2.61bn | SEK 1.41bn | SEK 774.0m | SEK 381.0m | SEK 272.0m | SEK 140.7m |
| Net income | SEK 1.06bn | −SEK 52.0m | SEK 778.0m | SEK 1.44bn | SEK 856.0m | SEK 542.0m | SEK 250.0m | SEK 194.0m | SEK 96.2m |
| Diluted earnings per share | 0.63 | -0.03 | 0.46 | 0.86 | 0.51 | 0.43 | 0.25 | 0.12 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 41.45bn | SEK 43.18bn | SEK 44.17bn | SEK 47.48bn | SEK 32.22bn | SEK 12.00bn | SEK 7.92bn | SEK 3.68bn | SEK 2.09bn |
| Cash and short-term investments | SEK 1.33bn | SEK 1.90bn | SEK 1.56bn | SEK 3.02bn | SEK 6.17bn | SEK 2.61bn | SEK 1.73bn | SEK 179.0m | SEK 254.5m |
| Total liabilities | SEK 20.86bn | SEK 22.37bn | SEK 23.73bn | SEK 27.85bn | SEK 15.63bn | SEK 6.74bn | SEK 4.82bn | SEK 2.18bn | SEK 1.27bn |
| Debt | SEK 10.84bn | SEK 11.60bn | SEK 12.28bn | SEK 15.08bn | SEK 7.55bn | SEK 4.11bn | SEK 3.02bn | SEK 1.13bn | SEK 670.7m |
| Shareholders' equity | SEK 20.60bn | SEK 20.81bn | SEK 20.43bn | SEK 19.59bn | SEK 16.56bn | SEK 4.91bn | SEK 2.90bn | SEK 1.42bn | SEK 796.1m |
| Shares outstanding | 1,684m | 1,687m | 1,688m | 1,671m | 1,692m | 1,264m | 1,000m | 1,678m | 1,678m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 2.45bn | SEK 3.10bn | SEK 3.36bn | SEK 1.63bn | SEK 1.38bn | SEK 814.0m | SEK 447.0m | SEK 215.0m | SEK 160.7m |
| Capital spending | −SEK 659.0m | −SEK 779.0m | −SEK 831.0m | −SEK 728.0m | −SEK 432.0m | −SEK 218.0m | −SEK 95.0m | −SEK 65.0m | −SEK 18.2m |
| Free cash flow | SEK 1.79bn | SEK 2.32bn | SEK 2.53bn | SEK 900.0m | SEK 944.0m | SEK 596.0m | SEK 352.0m | SEK 150.0m | SEK 142.6m |
| Dividends paid | −SEK 169.0m | −SEK 152.0m | −SEK 133.0m | −SEK 116.0m | −SEK 536.0m | −SEK 300.0m | −SEK 185.0m | −SEK 92.0m | −SEK 44.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 8.86bn | SEK 7.85bn | SEK 8.72bn | SEK 7.98bn | SEK 8.45bn | SEK 7.94bn | SEK 8.59bn | SEK 7.99bn |
| Operating income | SEK 615.0m | SEK 355.0m | SEK 630.0m | SEK 512.0m | SEK 661.0m | SEK 503.0m | SEK 678.0m | SEK 604.0m |
| Net income | SEK 350.0m | SEK 146.0m | SEK 328.0m | SEK 316.0m | SEK 224.0m | SEK 194.0m | SEK 327.0m | SEK 227.0m |
| Diluted earnings per share | 0.21 | 0.09 | 0.19 | 0.19 | 0.13 | 0.12 | 0.19 | 0.13 |
| Cash from operations | SEK 465.0m | SEK 188.0m | SEK 1.15bn | SEK 660.0m | SEK 527.0m | SEK 113.0m | SEK 1.68bn | SEK 453.0m |
| Capital spending | −SEK 218.0m | −SEK 125.0m | −SEK 137.0m | −SEK 75.0m | — | −SEK 153.0m | −SEK 229.0m | −SEK 275.0m |
| Free cash flow | SEK 247.0m | SEK 63.0m | SEK 1.01bn | SEK 585.0m | — | −SEK 40.0m | SEK 1.45bn | SEK 178.0m |
| Total assets | SEK 43.49bn | SEK 42.03bn | SEK 41.45bn | SEK 42.32bn | SEK 42.34bn | SEK 41.75bn | SEK 43.18bn | SEK 43.33bn |
| Cash and short-term investments | SEK 1.42bn | SEK 1.19bn | SEK 1.33bn | SEK 1.15bn | SEK 1.15bn | SEK 1.08bn | SEK 1.90bn | SEK 1.28bn |
| Debt | SEK 10.19bn | SEK 9.69bn | SEK 9.74bn | SEK 1.66bn | SEK 10.21bn | SEK 9.84bn | SEK 10.49bn | SEK 10.95bn |
| Shareholders' equity | SEK 21.26bn | SEK 20.93bn | SEK 20.60bn | SEK 20.56bn | SEK 20.45bn | SEK 20.27bn | SEK 20.81bn | SEK 20.13bn |
Financial ratios
Data as of 30 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 7.2% | 4.2% | 6.8% | 7.6% | 8.0% | 8.7% |
| Net margin | 3.2% | -0.2% | 2.2% | 4.2% | 4.9% | 6.1% |
| Return on equity | 5.2% | -0.2% | 3.8% | 7.3% | 5.2% | 11.0% |
| Return on assets | 2.6% | -0.1% | 1.8% | 3.0% | 2.7% | 4.5% |
| Free cash flow yield | 16.9% | 21.0% | 22.7% | 12.9% | 9.8% | 7.5% |
| Revenue growth | -3.2% | -5.1% | 5.1% | 95.8% | 95.9% | 44.9% |
| Earnings growth | -2144.2% | -106.7% | -45.8% | 67.8% | 57.9% | 116.8% |
| Current ratio | 1.49x | 1.40x | 1.59x | 1.83x | 2.37x | 2.45x |
| Debt to equity | 0.47x | 0.50x | 0.54x | 0.71x | 0.40x | 0.75x |
| Equity ratio | 49.7% | 48.2% | 46.3% | 41.3% | 51.4% | 40.9% |
| Interest coverage | 3.11x | 1.53x | 2.43x | 4.19x | 5.58x | 10.18x |
| R&D as a share of sales | — | — | — | — | 0.1% | — |
| Buybacks as a share of market value | 0.2% | 0.0% | -1.0% | 1.3% | -33.9% | -26.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.1% | 29.9% | — |
| Operating income | -2.9% | 25.3% | — |
| Net income | -9.5% | 14.4% | — |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 18.5 | -373.2 | 20.1 | 8.7 | 120.5 |
| Price to sales | 0.6 | 0.6 | 0.4 | 0.4 | 5.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 7 May 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Paid in the year | 0.11 | 0.10 | 0.09 | 0.08 | 0.07 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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