V 
166.50
-0.30%
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 924.0m
FY2016FY2025
Net income
SEK 55.0m
FY2016FY2025
Free cash flow
−SEK 372.0m
FY2016FY2025
Shareholders' equity
SEK 1.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 924.0m | SEK 679.0m | SEK 607.2m | SEK 577.0m | SEK 311.5m | SEK 285.9m | SEK 503.9m | SEK 300.3m | SEK 331.5m | SEK 760.2m |
| Operating income | SEK 168.0m | SEK 99.9m | −SEK 59.5m | SEK 17.2m | −SEK 117.0m | −SEK 179.8m | SEK 66.6m | SEK 2.27bn | −SEK 379.4m | −SEK 273.2m |
| Net income | SEK 55.0m | SEK 111.0m | −SEK 88.4m | SEK 8.0m | −SEK 117.9m | −SEK 191.1m | SEK 51.6m | SEK 1.75bn | −SEK 332.2m | −SEK 406.5m |
| Diluted earnings per share | 4.18 | 8.43 | -6.72 | 0.62 | -11.91 | -18.85 | 5.09 | 172.76 | -55.58 | -149.44 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 2.97bn | SEK 2.99bn | SEK 2.79bn | SEK 2.13bn | SEK 1.85bn | SEK 1.69bn | SEK 2.14bn | SEK 4.23bn | SEK 2.89bn | SEK 3.69bn |
| Cash and short-term investments | SEK 74.0m | SEK 158.0m | SEK 171.5m | SEK 159.4m | SEK 114.7m | SEK 123.8m | SEK 241.7m | SEK 2.08bn | SEK 33.6m | SEK 273.1m |
| Total liabilities | SEK 1.07bn | SEK 818.0m | SEK 902.3m | SEK 119.6m | SEK 98.3m | SEK 82.0m | SEK 105.7m | SEK 1.27bn | SEK 1.91bn | SEK 2.25bn |
| Debt | SEK 877.0m | SEK 716.0m | SEK 770.4m | SEK 10.8m | SEK 8.8m | SEK 3.4m | SEK 8.3m | SEK 884.7m | SEK 1.71bn | SEK 1.93bn |
| Shareholders' equity | SEK 1.90bn | SEK 2.17bn | SEK 1.89bn | SEK 2.02bn | SEK 1.75bn | SEK 1.61bn | SEK 2.03bn | SEK 2.97bn | SEK 971.4m | SEK 1.44bn |
| Shares outstanding | 13m | 13m | 13m | 13m | 10m | 10m | 10m | 10m | 6m | 3m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 194.0m | SEK 60.5m | SEK 53.0m | SEK 81.8m | −SEK 57.1m | −SEK 62.9m | SEK 188.2m | −SEK 290.0m | −SEK 274.3m | −SEK 58.9m |
| Capital spending | −SEK 566.0m | −SEK 7.6m | −SEK 611,000 | −SEK 27.5m | −SEK 18.4m | −SEK 20.2m | −SEK 55.0m | −SEK 3.3m | −SEK 1.5m | −SEK 10.9m |
| Free cash flow | −SEK 372.0m | SEK 52.9m | SEK 52.4m | SEK 54.3m | −SEK 75.5m | −SEK 83.1m | SEK 133.1m | −SEK 293.3m | −SEK 275.8m | −SEK 69.9m |
| Dividends paid | — | — | — | −SEK 4.8m | — | — | −SEK 1.08bn | −SEK 1.08bn | −SEK 1.08bn | −SEK 1.08bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 461.0m | SEK 251.0m | SEK 276.0m | SEK 187.0m | SEK 314.0m | SEK 147.0m | SEK 94.0m | SEK 212.0m |
| Operating income | SEK 235.0m | SEK 42.0m | SEK 58.0m | −SEK 9.0m | SEK 113.0m | SEK 6.0m | −SEK 67.0m | SEK 75.0m |
| Net income | SEK 182.0m | SEK 29.0m | SEK 28.0m | −SEK 36.0m | SEK 87.0m | −SEK 24.0m | −SEK 91.0m | SEK 45.0m |
| Diluted earnings per share | 13.83 | 2.20 | 2.13 | -2.74 | 6.61 | -1.82 | -6.91 | 3.42 |
| Cash from operations | SEK 130.0m | SEK 31.0m | SEK 40.0m | SEK 75.0m | SEK 35.0m | SEK 47.0m | −SEK 39.0m | SEK 60.0m |
| Capital spending | −SEK 130.0m | −SEK 648.0m | −SEK 40.0m | −SEK 349.0m | −SEK 59.0m | −SEK 48.0m | −SEK 4.0m | −SEK 13.0m |
| Free cash flow | SEK 0 | −SEK 617.0m | SEK 0 | −SEK 274.0m | −SEK 24.0m | −SEK 1.0m | −SEK 43.0m | SEK 47.0m |
| Total assets | SEK 3.98bn | SEK 3.73bn | SEK 2.97bn | SEK 2.99bn | SEK 2.70bn | SEK 2.79bn | SEK 2.99bn | SEK 2.80bn |
| Cash and short-term investments | SEK 47.0m | SEK 86.0m | SEK 74.0m | SEK 144.0m | SEK 47.0m | SEK 148.0m | SEK 158.0m | SEK 205.0m |
| Debt | SEK 77.0m | SEK 72.0m | SEK 877.0m | SEK 934.0m | SEK 571.0m | SEK 605.0m | SEK 789.6m | SEK 698.0m |
| Shareholders' equity | SEK 2.22bn | SEK 1.99bn | SEK 1.90bn | SEK 1.91bn | SEK 1.96bn | SEK 1.97bn | SEK 2.17bn | SEK 2.09bn |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 18.0% | 14.7% | -9.8% | 2.0% | -36.0% | -66.3% |
| Net margin | 6.0% | 16.3% | -14.6% | 1.4% | -37.8% | -66.8% |
| Return on equity | 2.9% | 5.1% | -4.7% | 0.4% | -6.7% | -11.9% |
| Return on assets | 1.9% | 3.7% | -3.2% | 0.4% | -6.4% | -11.3% |
| Free cash flow yield | 33.5% | 3.0% | 2.4% | 4.9% | -2.3% | -2.4% |
| Revenue growth | 36.1% | 11.8% | 5.2% | 85.2% | 8.9% | -43.3% |
| Earnings growth | -50.5% | -225.6% | -1209.9% | -106.8% | -38.3% | -470.3% |
| Current ratio | 1.34x | 2.07x | 1.49x | 2.60x | 2.23x | 2.47x |
| Debt to equity | 0.18x | 0.05x | 0.08x | 0.00x | 0.00x | 0.00x |
| Equity ratio | 64.1% | 72.6% | 67.6% | 94.4% | 94.7% | 95.1% |
| Interest coverage | 3.01x | 1.68x | -2.29x | 9.33x | -118.78x | -740.05x |
| Buybacks as a share of market value | 0.0% | -0.0% | -2.2% | -30.1% | 2.3% | 0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 17.0% | 26.4% | -7.3% |
| Operating income | 113.8% | — | — |
| Net income | 90.4% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 16.7% | 8.1% | -2.1% | 19.4% |
| Net margin | 10.4% | 3.1% | -6.6% | 5.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 25.1 | 10.9 | -13.6 | 126.5 | -2.9 | -2.8 | 13.5 | 0.5 | -0.2 | -0.3 |
| Price to sales | 1.5 | 1.8 | 2.0 | 1.8 | 1.1 | 1.9 | 1.4 | 2.6 | 0.2 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 7 Mar 2019.
| FY2019 | FY2015 | FY2009 | FY2008 | FY2007 | FY2006 | FY2005 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.067 | 55.00 | 250.00 | 250.00 | 200.00 | 100.00 | 100.00 |
- 100-to-1 reverse split · 25 Jan 2018
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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