48.95
-0.31%
Close of 9 Nov 2026, in SEK
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At a glance
Figures in SEK, from our data supplier.
Revenue
SEK 80.98bn
FY2016FY2025
Net income
SEK 3.49bn
FY2016FY2025
Free cash flow
SEK 12.62bn
FY2016FY2025
Shareholders' equity
SEK 51.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 80.98bn | SEK 89.13bn | SEK 88.78bn | SEK 90.83bn | SEK 88.34bn | SEK 89.19bn | SEK 85.97bn | SEK 83.56bn | SEK 79.87bn | SEK 84.18bn |
| Research and development | — | — | SEK 1.11bn | SEK 927.0m | SEK 359.0m | SEK 298.0m | SEK 152.0m | SEK 164.0m | SEK 286.0m | SEK 173.0m |
| Operating income | SEK 10.76bn | SEK 15.26bn | SEK 4.98bn | SEK 9.86bn | SEK 15.23bn | −SEK 9.04bn | SEK 11.26bn | SEK 13.24bn | SEK 12.16bn | SEK 21.09bn |
| Net income | SEK 3.49bn | SEK 7.08bn | SEK 303.0m | −SEK 14.16bn | SEK 11.68bn | −SEK 22.48bn | SEK 7.09bn | SEK 3.18bn | SEK 9.61bn | SEK 3.73bn |
| Diluted earnings per share | 0.89 | 1.80 | 0.08 | -3.60 | 2.86 | -5.50 | 1.71 | 0.74 | 2.22 | 0.86 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 189.25bn | SEK 204.27bn | SEK 232.00bn | SEK 222.79bn | SEK 237.03bn | SEK 226.68bn | SEK 264.07bn | SEK 248.59bn | SEK 243.84bn | SEK 253.43bn |
| Cash and short-term investments | SEK 11.89bn | SEK 10.93bn | SEK 18.75bn | SEK 9.18bn | SEK 20.45bn | SEK 10.96bn | SEK 14.54bn | SEK 19.28bn | SEK 29.18bn | SEK 20.17bn |
| Total liabilities | SEK 134.43bn | SEK 144.91bn | SEK 175.00bn | SEK 155.12bn | SEK 153.48bn | SEK 162.73bn | SEK 171.62bn | SEK 146.20bn | SEK 138.62bn | SEK 158.56bn |
| Debt | SEK 83.27bn | SEK 94.18bn | SEK 106.38bn | SEK 94.08bn | SEK 99.77bn | SEK 104.39bn | SEK 116.73bn | SEK 94.25bn | SEK 89.02bn | SEK 46.92bn |
| Shareholders' equity | SEK 51.07bn | SEK 55.44bn | SEK 53.47bn | SEK 64.24bn | SEK 80.73bn | SEK 62.84bn | SEK 91.05bn | SEK 97.34bn | SEK 99.97bn | SEK 89.83bn |
| Shares outstanding | 3,932m | 3,932m | 3,932m | 3,937m | 4,090m | 4,090m | 4,159m | 4,283m | 4,330m | 4,330m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 27.60bn | SEK 21.20bn | SEK 24.67bn | SEK 24.00bn | SEK 27.38bn | SEK 28.82bn | SEK 27.59bn | SEK 26.70bn | SEK 23.57bn | SEK 25.97bn |
| Capital spending | −SEK 14.98bn | −SEK 13.89bn | −SEK 15.47bn | −SEK 15.91bn | −SEK 15.65bn | −SEK 13.71bn | −SEK 15.22bn | −SEK 14.79bn | −SEK 16.41bn | −SEK 18.70bn |
| Free cash flow | SEK 12.62bn | SEK 7.31bn | SEK 9.21bn | SEK 8.09bn | SEK 11.73bn | SEK 15.11bn | SEK 12.37bn | SEK 11.90bn | SEK 7.16bn | SEK 7.27bn |
| Dividends paid | −SEK 7.86bn | −SEK 7.86bn | −SEK 5.90bn | −SEK 8.25bn | −SEK 8.18bn | −SEK 10.02bn | −SEK 9.85bn | −SEK 9.88bn | −SEK 8.66bn | −SEK 12.99bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 20.70bn | SEK 19.97bn | SEK 21.30bn | SEK 19.86bn | SEK 19.79bn | SEK 20.04bn | SEK 23.72bn | SEK 24.23bn |
| Operating income | SEK 3.66bn | SEK 3.08bn | −SEK 557.0m | SEK 4.01bn | SEK 3.35bn | SEK 3.60bn | SEK 1.39bn | SEK 3.85bn |
| Net income | SEK 2.23bn | SEK 1.66bn | −SEK 1.31bn | SEK 2.35bn | SEK 1.97bn | SEK 510.0m | −SEK 526.0m | SEK 2.33bn |
| Diluted earnings per share | 0.57 | 0.42 | -0.33 | 0.60 | 0.50 | 0.13 | -0.13 | 0.59 |
| Cash from operations | SEK 6.20bn | SEK 6.47bn | SEK 7.46bn | SEK 7.13bn | SEK 6.73bn | SEK 6.28bn | SEK 5.17bn | SEK 5.25bn |
| Capital spending | −SEK 2.96bn | −SEK 3.48bn | −SEK 4.42bn | −SEK 3.20bn | −SEK 3.49bn | −SEK 3.87bn | −SEK 3.59bn | −SEK 2.92bn |
| Free cash flow | SEK 3.24bn | SEK 2.99bn | SEK 3.04bn | SEK 3.93bn | SEK 3.24bn | SEK 2.40bn | SEK 1.58bn | SEK 2.33bn |
| Total assets | SEK 196.43bn | SEK 194.09bn | SEK 189.25bn | SEK 193.54bn | SEK 195.57bn | SEK 196.25bn | SEK 204.27bn | SEK 206.34bn |
| Cash and short-term investments | SEK 10.96bn | SEK 10.22bn | SEK 11.89bn | SEK 15.50bn | SEK 9.78bn | SEK 8.39bn | SEK 10.93bn | SEK 6.43bn |
| Debt | SEK 72.63bn | SEK 71.14bn | SEK 83.27bn | SEK 89.20bn | SEK 90.03bn | SEK 89.14bn | SEK 94.18bn | SEK 94.58bn |
| Shareholders' equity | SEK 49.84bn | SEK 54.73bn | SEK 51.07bn | SEK 52.74bn | SEK 49.71bn | SEK 55.85bn | SEK 55.44bn | SEK 53.43bn |
Financial ratios
Data as of 5 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Operating margin | 13.3% | 17.1% | 5.6% | 10.9% | 17.2% | -10.1% | — | — |
| Net margin | 4.3% | 7.9% | 0.3% | -15.6% | 13.2% | -25.2% | — | — |
| Return on equity | 6.8% | 12.8% | 0.6% | -22.0% | 14.5% | -35.8% | — | — |
| Return on assets | 1.8% | 3.5% | 0.1% | -6.4% | 4.9% | -9.9% | — | — |
| Free cash flow yield | 24.4% | 20.1% | 23.0% | 22.8% | 23.7% | 23.4% | — | — |
| Revenue growth | -9.1% | 0.4% | -2.2% | 2.8% | -0.9% | 3.8% | — | — |
| Earnings growth | -50.6% | 2236.3% | -102.1% | -221.3% | -152.0% | -416.9% | — | — |
| Current ratio | 0.92x | 0.81x | 0.96x | 0.88x | 0.99x | 0.92x | — | — |
| Debt to equity | 1.35x | 1.43x | 1.73x | 1.22x | 1.00x | 1.39x | — | — |
| Equity ratio | 27.0% | 27.1% | 23.0% | 28.8% | 34.1% | 27.7% | — | — |
| Interest coverage | 2.91x | 3.16x | 1.01x | 3.34x | 5.49x | -2.64x | — | — |
| R&D as a share of sales | — | — | 1.3% | 1.0% | 0.4% | 0.3% | 0.2% | 0.2% |
| Buybacks as a share of market value | 0.0% | 0.0% | 0.1% | 3.7% | 0.0% | 1.7% | — | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -3.8% | -1.9% | -0.7% |
| Operating income | 3.0% | — | -3.0% |
| Net income | — | — | -8.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 15.3% | 11.7% | 8.9% | 12.6% |
| Net margin | 6.2% | -0.9% | -2.7% | 1.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 44.5 | 17.0 | 333.9 | -7.4 | 12.4 | -6.2 | 23.6 | 56.6 | 16.5 | 42.6 |
| Price to sales | 1.9 | 1.4 | 1.1 | 1.2 | 1.6 | 1.6 | 1.9 | 2.1 | 2.0 | 1.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 25 years. Last went ex-dividend on 22 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.02 | 2.00 | 2.00 | 2.00 | 2.05 | 2.00 | 2.45 | 2.36 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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