OM:GRNG
OM:GRNGMetals and Mining

The Bull Case For Gränges (OM:GRNG) Could Change Following Q3 Sales Growth Amid Profit Dip and Weak Outlook

Gränges AB reported third quarter 2025 results showing sales of SEK 6,933 million, up from SEK 5,750 million a year earlier, but with net income declining to SEK 242 million from SEK 285 million. Despite forecasting continued weak demand in key markets, the company expects to achieve strong year-on-year sales volume growth through further market share gains in the fourth quarter of 2025. We'll explore how Gränges' guidance for robust Q4 sales volumes, despite sector headwinds, could reshape...
OM:HM B
OM:HM BSpecialty Retail

Is Recover’s Recycled Cotton Partnership Transforming the Sustainability Narrative for H&M (OM:HM B)?

Recover™ announced in late October 2025 a multi-year agreement with H&M to integrate its recycled cotton fiber, RCotton, into H&M’s product collections as part of their commercial rollout. This partnership enables H&M to scale the use of mechanically recycled cotton, reflecting both companies’ commitment to sustainability and reinforcing H&M’s innovation in responsible sourcing for industrial-scale apparel. We’ll explore how incorporating Recover™’s recycled cotton could enhance H&M’s...
OM:SAND
OM:SANDMachinery

Will Sandvik's (OM:SAND) Profit Increase and eNimon Launch Shift Its Sustainability Narrative?

In October 2025, Sandvik AB reported third-quarter results showing net income of SEK 3,538 million on sales of SEK 29,218 million, compared to SEK 3,237 million and SEK 30,306 million a year earlier. An interesting highlight was Sandvik's launch of the eNimon concept car, using it to emphasize the indispensable role of mining in supporting the global shift toward sustainable technologies. We'll now examine how Sandvik's increased profitability and sustainability messaging impact its overall...
OM:CAST
OM:CASTReal Estate

Does Castellum’s Profit Surge Signal a Sustainable Shift in Margins for OM:CAST?

Castellum AB (publ) reported earnings for the third quarter and nine months ended September 30, 2025, showing net income of SEK 858 million for the quarter and SEK 1.05 billion for the nine months, both higher than the previous year despite slightly lower sales. The company's substantial increase in profitability, especially the significant jump in net income and basic earnings per share compared to last year, stands out amid largely stable revenue. We’ll explore how Castellum’s sharp rise...
OM:BRAV
OM:BRAVCommercial Services

Bravida Holding (OM:BRAV): Evaluating Valuation as Profitability Improves Despite Lower Sales in Latest Results

Bravida Holding (OM:BRAV) just released its third-quarter earnings, revealing higher net income and improved earnings per share despite a dip in sales compared to last year. Investors seem focused on the company’s profitability gains. See our latest analysis for Bravida Holding. Bravida Holding’s improved profitability may explain why, despite a tough quarter for the broader market, the company’s 12-month total shareholder return sits at 7% while the share price is roughly flat year-to-date...
OM:MTG B
OM:MTG BEntertainment

Modern Times Group (OM:MTG B) Valuation Spotlight Following Launch of Major Share Buyback Program

Modern Times Group MTG (OM:MTG B) recently kicked off a significant share buyback program, following approval at its Annual General Meeting. The company intends to repurchase and cancel up to 10% of its shares over the next several months. See our latest analysis for Modern Times Group MTG. Modern Times Group MTG’s share price has attracted attention lately, climbing 13.98% over the past month and surging 31.75% so far this year. Strong total shareholder returns, up 66.78% over the last year,...
OM:SEB A
OM:SEB ABanks

How Lower Fee and Commission Income at Skandinaviska Enskilda Banken (OM:SEB A) Has Changed Its Investment Story

Skandinaviska Enskilda Banken AB (SEB) recently reported that its third-quarter net income fell to SEK 7.68 billion, down from SEK 9.45 billion the previous year, with earnings per share also lower for both the quarter and the nine-month period ending September 30, 2025. The primary drivers of the earnings decline were lower net fee, commission, and financial income, offsetting a small increase in net interest income, while SEB maintained low credit costs and a cost-to-income ratio of...
OM:HOLM B
OM:HOLM BForestry

How Earnings Growth Amid Weaker Sales and Share Buybacks at Holmen (OM:HOLM B) Has Changed Its Investment Story

Holmen AB reported third quarter 2025 earnings, with net income rising to SEK 944 million and earnings per share increasing to SEK 6.1, both up from the previous year, even as sales declined to SEK 5,327 million. The company also completed its buyback program announced in May 2023, repurchasing 8,697,649 shares, or 5.48% of its outstanding shares, by September 30, 2025, at a total cost of SEK 3.51 billion. We will assess how Holmen's higher profitability amid lower sales and the completed...
OM:HPOL B
OM:HPOL BChemicals

A Look at HEXPOL (OM:HPOL B) Valuation After Reporting Declining Third Quarter Sales and Earnings

HEXPOL (OM:HPOL B) released its third quarter results, showing a decline in both sales and net income from the prior year. This earnings dip may prompt investors to reassess expectations for the months ahead. See our latest analysis for HEXPOL. HEXPOL’s latest earnings miss arrived as the company eyes new acquisitions and keeps sustainability front and center. After a tough start this year, the stock has begun to stabilize, with recent momentum edging upward, though its year-to-date share...
OM:CIBUS
OM:CIBUSReal Estate

Cibus Nordic Real Estate (OM:CIBUS): Valuation Insights Following Belgian Acquisition and Strategic Portfolio Shifts

Cibus Nordic Real Estate (OM:CIBUS) recently became the sole owner of One+ NV in Belgium, acquiring five fully-leased retail properties with a strong focus on grocery tenants. The company also launched a 50/50 joint venture with TS33 and sold non-strategic Belgian assets above book value, marking further portfolio shifts. See our latest analysis for Cibus Nordic Real Estate. Cibus Nordic Real Estate’s latest moves in Belgium have come during a year marked by wider portfolio optimization,...
OM:SOBI
OM:SOBIBiotechs

How Sobi’s Clinical Trial Results and FDA Approvals at ACR 2025 Will Impact (OM:SOBI) Investors

In October 2025, Swedish Orphan Biovitrum (Sobi) presented 15 scientific abstracts, including late-stage clinical trial results for Nanoencapsulated Sirolimus plus Pegadricase, Vonjo, and Gamifant, at the American College of Rheumatology (ACR) Convergence meeting in Chicago, with updates on both new safety data and recent US FDA approvals. The company highlighted its strengthened leadership in rare and underserved inflammatory conditions, with the presentation of advanced clinical data and...
OM:ALFA
OM:ALFAMachinery

Is Alfa Laval and Lund University's Sustainability Partnership Redefining the Investment Case for OM:ALFA?

Alfa Laval and Lund University recently announced a new formalized strategic partnership aimed at fostering interdisciplinary research and enhancing collaboration between academia and industry, with a strong focus on tackling global challenges and sustainability. An important aspect is Lund University's reputation for sustainability and research funding, which positions this alliance to drive innovation and measurable progress in areas crucial to both industrial and societal...
OM:ELUX B
OM:ELUX BConsumer Durables

A Look at Electrolux (OM:ELUX B) Valuation Following Its Return to Profitability and Strategic Restructuring

AB Electrolux (OM:ELUX B) returned to profitability in the third quarter of 2025, reporting improved operating income and a net profit compared to a loss last year. The company also introduced a new organizational structure and adjusted its business outlook. See our latest analysis for AB Electrolux. Despite a remarkable turnaround in profitability and the recent organizational shake-up, AB Electrolux’s share price remains well below where it started the year. While the stock saw an...
OM:MYCR
OM:MYCRElectronic

Does Mycronic’s (OM:MYCR) Sales Guidance Signal Steadfast Management or Mask Underlying Volatility?

Mycronic AB reported third-quarter 2025 earnings with sales of SEK 1,709 million and net income of SEK 217 million, both lower than the previous year, but posted year-to-date sales of SEK 5.92 billion and net income of SEK 1.28 billion, both above prior-year levels. Despite the softer quarterly results, Mycronic reaffirmed its full-year 2025 sales guidance of SEK 7.5 billion, suggesting ongoing confidence in its market outlook and operational plans. With full-year sales guidance confirmed...
OM:BALD B
OM:BALD BReal Estate

Fastighets AB Balder (OM:BALD B) Is Down 6.0% After Swinging to Q3 Profitability and Revenue Growth – What's Changed

On October 27, 2025, Fastighets AB Balder reported third quarter earnings, showing a turnaround with net income of SEK 2.39 billion compared to a net loss in the prior year, and sales rising to SEK 3,444 million. The sharp improvement in basic and diluted earnings per share from continuing operations signals a marked strengthening in the company’s underlying profitability and operational efficiency. We'll now examine how this return to profitability and higher revenue impacts Balder's...
OM:ITAB
OM:ITABCommercial Services

ITAB Shop Concept (OM:ITAB) Margin Drop Challenges Bullish Profit Growth Narratives

ITAB Shop Concept (OM:ITAB) is forecasting a striking 50.6% earnings growth per year, well above the Swedish market average of 12.9%. Over the last five years, ITAB has averaged annual earnings growth of 44%, but net profit margins have compressed to 1.8% from last year’s 6%. Revenue is expected to rise by 5% annually, outpacing the 3.8% market average, while shares trade at SEK 20.05, considerably below some analyst fair value estimates of SEK 89.5. Notably, the price-to-earnings ratio sits...
OM:HNSA
OM:HNSABiotechs

Hansa Biopharma (OM:HNSA): Five-Year Losses Worsen as Profitability Targets Face Key Risks

Hansa Biopharma (OM:HNSA) posted another year of widening losses, with net losses expanding at an average annual rate of 11.5% over the past five years, and no sign yet of margin improvement. Shares are currently trading at SEK31.2, considerably below the estimated fair value of SEK503.14, while the company’s price-to-sales ratio of 16.2x stands out against a peer average of 27.1x. Despite ongoing unprofitability, investors are focused on the company’s anticipated revenue growth of 48.4% per...