Z 
113.80
+0.35%
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 3.17bn
FY2016FY2025
Net income
SEK 324.3m
FY2016FY2025
Free cash flow
SEK 530.0m
FY2016FY2025
Shareholders' equity
SEK 707.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 3.17bn | SEK 2.21bn | SEK 1.77bn | SEK 1.44bn | SEK 1.37bn | SEK 1.14bn | SEK 770.6m | SEK 576.6m | SEK 540.3m | SEK 492.3m |
| Operating income | SEK 272.5m | SEK 219.9m | SEK 119.4m | SEK 87.0m | SEK 116.0m | SEK 86.6m | SEK 14.8m | SEK 12.7m | SEK 970,000 | SEK 14.0m |
| Net income | SEK 324.3m | SEK 169.2m | SEK 163.7m | SEK 67.7m | SEK 86.2m | SEK 64.5m | SEK 10.7m | SEK 6.4m | −SEK 1.1m | SEK 8.7m |
| Diluted earnings per share | 8.52 | 4.56 | 4.65 | 1.98 | 2.46 | 1.85 | 0.33 | 0.20 | -0.03 | 0.26 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | SEK 1.75bn | SEK 1.21bn | SEK 842.1m | SEK 651.3m | SEK 605.2m | SEK 483.4m | SEK 306.6m | SEK 257.7m | SEK 180.9m | SEK 176.1m |
| Cash and short-term investments | SEK 771.0m | SEK 463.1m | SEK 321.2m | SEK 161.9m | SEK 235.7m | SEK 143.2m | SEK 76.8m | SEK 45.5m | SEK 48.4m | SEK 23.3m |
| Total liabilities | SEK 1.05bn | SEK 818.9m | SEK 578.3m | SEK 490.9m | SEK 453.5m | SEK 388.7m | SEK 266.4m | SEK 207.3m | SEK 100.5m | SEK 87.7m |
| Debt | SEK 42.0m | SEK 46.1m | SEK 61.4m | SEK 49.6m | SEK 38.9m | SEK 44.1m | SEK 43.8m | SEK 50.5m | SEK 40.4m | — |
| Shareholders' equity | SEK 707.2m | SEK 386.1m | SEK 260.0m | SEK 154.4m | SEK 143.1m | SEK 87.4m | SEK 33.0m | SEK 43.1m | SEK 73.4m | SEK 82.1m |
| Shares outstanding | 38m | 37m | 35m | 34m | 35m | 35m | 33m | 33m | 33m | 34m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | SEK 541.9m | SEK 309.1m | SEK 246.1m | SEK 42.9m | SEK 153.5m | SEK 97.3m | SEK 71.3m | SEK 29.8m | SEK 38.2m | SEK 10.3m |
| Capital spending | −SEK 11.9m | −SEK 13.9m | −SEK 11.8m | −SEK 24.9m | −SEK 9.7m | −SEK 4.9m | −SEK 6.9m | −SEK 8.6m | −SEK 4.8m | −SEK 9.0m |
| Free cash flow | SEK 530.0m | SEK 295.2m | SEK 234.4m | SEK 17.9m | SEK 143.8m | SEK 92.4m | SEK 64.4m | SEK 21.1m | SEK 33.4m | SEK 1.3m |
| Dividends paid | −SEK 143.1m | −SEK 102.9m | −SEK 59.3m | −SEK 67.4m | −SEK 42.1m | −SEK 23.0m | −SEK 22.8m | −SEK 14.7m | −SEK 8.1m | −SEK 7.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | SEK 936.8m | SEK 922.1m | SEK 985.6m | SEK 784.1m | SEK 794.4m | SEK 723.7m | SEK 713.0m | SEK 532.4m |
| Operating income | SEK 139.4m | SEK 130.7m | SEK 116.7m | SEK 101.4m | SEK 71.4m | SEK 70.9m | SEK 65.0m | SEK 54.5m |
| Net income | SEK 105.8m | SEK 104.5m | SEK 123.6m | SEK 89.4m | SEK 55.3m | SEK 56.0m | SEK 43.3m | SEK 42.5m |
| Diluted earnings per share | 2.72 | 2.69 | 3.25 | 2.35 | 1.45 | 1.47 | 1.17 | 1.14 |
| Cash from operations | SEK 154.0m | SEK 125.0m | SEK 271.0m | SEK 136.0m | SEK 112.0m | SEK 21.0m | SEK 179.0m | SEK 35.0m |
| Capital spending | −SEK 1.0m | −SEK 2.0m | — | −SEK 2.0m | −SEK 4.0m | −SEK 2.0m | −SEK 2.0m | −SEK 4.0m |
| Free cash flow | SEK 153.0m | SEK 123.0m | — | SEK 134.0m | SEK 108.0m | SEK 19.0m | SEK 177.0m | SEK 31.0m |
| Total assets | SEK 2.23bn | SEK 2.30bn | SEK 1.75bn | SEK 1.60bn | SEK 1.38bn | SEK 1.38bn | SEK 1.21bn | SEK 1.07bn |
| Cash and short-term investments | SEK 842.0m | SEK 889.2m | SEK 771.0m | SEK 529.2m | SEK 408.5m | SEK 440.9m | SEK 463.1m | SEK 321.2m |
| Debt | SEK 24.6m | SEK 24.4m | SEK 42.0m | SEK 47.3m | SEK 52.2m | SEK 54.3m | SEK 46.1m | SEK 49.3m |
| Shareholders' equity | SEK 1.08bn | SEK 1.16bn | SEK 707.2m | SEK 578.2m | SEK 446.1m | SEK 476.1m | SEK 386.1m | SEK 334.4m |
Financial ratios
Data as of 19 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 8.6% | 10.1% | 6.8% | 6.0% | 8.5% | 7.6% |
| Net margin | 10.2% | 7.7% | 9.3% | 4.7% | 6.3% | 5.7% |
| Return on equity | 45.9% | 43.8% | 63.0% | 43.8% | 60.3% | 73.8% |
| Return on assets | 18.5% | 14.0% | 19.4% | 10.4% | 14.2% | 13.3% |
| Free cash flow yield | 10.2% | 6.1% | 5.2% | 1.4% | 3.3% | 2.1% |
| Revenue growth | 43.8% | 24.9% | 22.4% | 5.3% | 20.4% | 47.8% |
| Earnings growth | 91.7% | 3.3% | 141.9% | -21.5% | 33.7% | 504.7% |
| Current ratio | 1.40x | 1.23x | 1.29x | 1.09x | 1.15x | 1.07x |
| Debt to equity | 0.05x | 0.08x | 0.10x | 0.16x | 0.10x | 0.12x |
| Equity ratio | 40.4% | 32.0% | 30.9% | 23.7% | 23.6% | 18.1% |
| Interest coverage | 77.28x | 63.14x | 30.73x | 31.24x | 80.93x | 52.34x |
| Buybacks as a share of market value | -2.5% | -5.4% | -2.8% | 2.4% | -0.9% | -6.7% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 30.0% | 22.7% | 21.7% |
| Operating income | 46.3% | 25.8% | 30.9% |
| Net income | 68.6% | 38.1% | 44.5% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 9.2% | 8.1% | 8.1% | 6.9% |
| Net margin | 9.2% | 8.4% | 7.9% | 6.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 18.7 | 18.6 | 12.8 | 13.1 | 23.2 | 41.0 | 70.9 | 40.6 | -260.9 | 44.3 |
| Price to sales | 1.9 | 1.4 | 1.2 | 0.6 | 1.5 | 2.3 | 1.0 | 0.5 | 0.5 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 12 years. Last went ex-dividend on 3 Jun 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 6.00 | 4.00 | 3.00 | 1.75 | 2.00 | 1.00 | 0.55 | 0.50 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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