Swedish Undiscovered Gems With Strong Fundamentals

Freetrailer Group

Market Cap: DKK 778.8m

Operates as a trailer rental company in Denmark, Sweden, Germany, and Norway.

Firefly

Market Cap: SEK 1.1b

Develops and sells industrial fire prevention and protection systems for the process industry worldwide.

Softronic

Market Cap: SEK 1.2b

Provides IT and management services in Sweden.

ByggPartner Gruppen

Market Cap: SEK 1.4b

Operates as a construction company in Sweden.

Arla Plast

Market Cap: SEK 1.2b

Through its subsidiaries, manufactures, sells, and distributes extruded plastic sheets in Sweden, Germany, the Czech Republic, Poland, rest of Europe, and internationally.

Viking Supply Ships

Market Cap: SEK 1.5b

Provides offshore anchor handling and ice-breaking services to oil industry primarily in Arctic and North Sea.

Karnell Group

Market Cap: SEK 3.3b

A private equity firm specializing investments in add-on acquisitions, expansion and small and medium-sized companies.

Nelly Group

Market Cap: SEK 2.4b

Operates as a fashion company in Sweden, rest of Nordics, and internationally.

Creades

Market Cap: SEK 10.5b

A private equity and venture capital investment firm specializing in early, mid & late venture, emerging growth, middle market, growth capital and buyout investments.

Case Group

Market Cap: SEK 984.8m

Provides wealth management services for private clients in Sweden.

Doro

Market Cap: SEK 1.0b

A technology company, develops telecom and technology products and services for seniors and individuals with special needs.

XANO Industri

Market Cap: SEK 3.5b

Develops, manufactures, and sells industrial products and automation equipment in Sweden, rest of Nordic countries, Europe, and internationally.

Plejd

Market Cap: SEK 7.5b

A technology company, develops products and services for smart lighting control in Sweden, Norway, Finland, the Netherlands, Germany, and internationally.

Cloetta

Market Cap: SEK 9.9b

Operates as a confectionery company.

Idun Industrier

Market Cap: SEK 4.1b

An investment holding company, engages in the manufacture and sale of glass fiber reinforced fat- and oil separators in Sweden.

Bahnhof

Market Cap: SEK 6.6b

Engages in the Internet and telecommunications business in Sweden and rest of Europe.

Saniona

Market Cap: SEK 1.6b

A clinical-stage biopharmaceutical company, engages in the research, development, and commercialization of treatments for rare disease patients in Sweden, the United States, Germany, Denmark, and the United Kingdom.

Intellego Technologies

Market Cap: SEK 5.4b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

SyntheticMR

Market Cap: SEK 1.2b

Engages in the development and marketing of imaging and software solutions for magnetic resonance imaging (MRI) in Sweden and internationally.

Ework Group

Market Cap: SEK 1.9b

Engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Germany, Denmark, Poland, and Slovakia.

Apotea

Market Cap: SEK 10.0b

Operates an online pharmacy in Sweden.

Byggmax Group

Market Cap: SEK 3.3b

Sells building materials and related products for DIY projects in Sweden, Norway, and internationally.

Zinzino

Market Cap: SEK 5.9b

A direct sales company, provides dietary supplements and skincare products in Sweden and internationally.

CTT Systems

Market Cap: SEK 2.9b

Provides humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.

Micro Systemation

Market Cap: SEK 1.1b

Provides forensic technology for mobile device examination and analysis in Sweden and internationally.

Berner Industrier

Market Cap: SEK 1.4b

Engages in the technology distribution, and energy and environment business in Sweden, Norway, Finland, and Denmark.

Dala Energi

Market Cap: SEK 1.3b

Operates as a supplier of electricity, heating, and fiber networks in Sweden.

Nordrest Holding

Market Cap: SEK 2.7b

Operates as a foodservice company in Sweden and internationally.

BioGaia

Market Cap: SEK 10.5b

A healthcare company, develops, manufactures, markets and sells probiotic products for gut, oral, and immune health in Europe, the Middle East, Africa, the United States, the Asia-Pacific, Australia, and New Zealand.

Midsona

Market Cap: SEK 1.2b

A consumer goods company, provides organic and consumer health products, and health food products in Sweden, Denmark, Finland, Norway, France, Spain, Germany, Rest of Europe, and internationally.

Haypp Group

Market Cap: SEK 5.5b

Operates as an online retailer of tobacco-free nicotine pouches and snus products in Sweden, Norway, the rest of Europe, and the United States.

OEM International

Market Cap: SEK 18.6b

Operates as a technology trading company.

Lea Bank

Market Cap: SEK 1.2b

Provides various banking products and services in Norway, Sweden, Finland, and Spain.

Norion Bank

Market Cap: SEK 14.1b

Provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally.

Nyab

Market Cap: SEK 4.8b

Provides engineering, construction, and maintenance services to energy, infrastructure, and industrial construction projects for public and private sectors in Finland and Sweden.

TF Bank

Market Cap: SEK 10.6b

A digital bank, provides consumer banking services and e-commerce solutions through a proprietary IT platform in Sweden .