Swedish Undiscovered Gems With Strong Fundamentals

Intellego Technologies

Market Cap: SEK 2.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Linc

Market Cap: SEK 4.0b

A private equity and venture capital firm, specializing in early and mature stage investments in pharmaceutical, life-science and med-tech companies.

AB Traction

Market Cap: SEK 4.0b

A private equity firm specializing in distressed, middle market, later stage, mature, bridge, recapitalization, buyouts and PIPES investments.

Firefly

Market Cap: SEK 1.1b

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

Freetrailer Group

Market Cap: DKK 787.8m

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

Kopparbergs Bryggeri

Market Cap: SEK 2.4b

Manufactures, distributes, and sells beer, cider, wine, spirits, soft drinks, and water in Sweden and internationally.

Readly International

Market Cap: SEK 1.0b

Provides digital subscription services for magazines and newspapers in Sweden, Germany, the United Kingdom, and internationally.

Softronic

Market Cap: SEK 1.1b

Provides IT and management services in Sweden.

Arla Plast

Market Cap: SEK 1.0b

Through its subsidiary, Arla Plast s.r.o., produces and supplies extruded plastic sheets in Sweden, the United States, Nordic countries, rest of Europe, and internationally.

Creades

Market Cap: SEK 10.8b

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

Karnell Group

Market Cap: SEK 2.6b

A private equity firm specializing investments in small and medium-sized companies.

Investment AB Öresund

Market Cap: SEK 5.2b

Operates as an investment company that engages in the asset management activities in Sweden.

Nelly Group

Market Cap: SEK 1.2b

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

Advenica

Market Cap: SEK 1.1b

Develops and sells security solutions for defense and authority, and business customers in Sweden, Finland, Austria, and internationally.

Plejd

Market Cap: SEK 6.5b

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

Bahnhof

Market Cap: SEK 6.1b

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

Saniona

Market Cap: SEK 1.1b

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

Cloetta

Market Cap: SEK 9.3b

Operates as a confectionery company.

Viva Wine Group

Market Cap: SEK 3.7b

Develops, markets, imports, and sells wines.

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 2.2b

Provides total talent solutions with a focus on IT/OT, R&D, engineering, and business development in Sweden, Denmark, Norway, Finland, Slovakia, and Poland.

Apotea

Market Cap: SEK 9.5b

Operates an online pharmacy in Sweden.

Byggmax Group

Market Cap: SEK 2.8b

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

Cavotec

Market Cap: SEK 1.6b

A cleantech company, designs and delivers connection and electrification solutions to enable the decarbonization of ports and industrial applications in Europe, the Middle East and Africa, the Asia Pacific, and North America.

CTT Systems

Market Cap: SEK 2.6b

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

Zinzino

Market Cap: SEK 6.3b

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

Dala Energi

Market Cap: SEK 2.7b

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

Meko

Market Cap: SEK 6.9b

Operates in the automotive aftermarket business in Europe.

Nordrest Holding

Market Cap: SEK 1.9b

Operates as a foodservice company in Sweden and internationally.

Proact IT Group

Market Cap: SEK 2.9b

Provides data and information management services with on cloud services and data center solutions in Sweden, the United Kingdom, the Netherlands, Germany, and internationally.

OEM International

Market Cap: SEK 19.3b

Operates as a technology trading company.

Haypp Group

Market Cap: SEK 3.4b

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

Paxman

Market Cap: SEK 1.6b

Develops and sells Paxman scalp cooling system to minimize hair loss in connection with chemotherapy treatment worldwide.

Idun Industrier

Market Cap: SEK 4.2b

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

SkiStar

Market Cap: SEK 13.4b

Owns and operates Alpine ski resorts in Sweden and Norway.

Rejlers

Market Cap: SEK 4.1b

Engages in the provision of engineering consultancy services in Sweden, Finland, Norway, and Abu Dhabi.