Swedish Undiscovered Gems With Strong Fundamentals

Linc

Market Cap: SEK 4.4b

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

Idun Industrier

Market Cap: SEK 4.0b

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

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.

Freetrailer Group

Market Cap: DKK 778.8m

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

engcon

Market Cap: SEK 14.1b

Engages in the design, production, and sale of excavator tools in Sweden, Denmark, Norway, Finland, rest of Europe, North and South America, Japan, South Korea, Australia, New Zealand, and internationally.

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.

Novotek

Market Cap: SEK 975.2m

Novotek AB delivers solutions in the industrial IT and automation areas in Sweden, Norway, Denmark, Finland, Benelux countries, the United Kingdom, Ireland, and Switzerland.

ProfilGruppen

Market Cap: SEK 1.2b

Manufactures and sells customized aluminum extrusions in Sweden and Germany.

ByggPartner Gruppen

Market Cap: SEK 993.0m

Operates as a construction company in Sweden.

Arla Plast

Market Cap: SEK 1.1b

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

Creades

Market Cap: SEK 10.4b

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

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 3.0b

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

Investment AB Öresund

Market Cap: SEK 5.4b

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

Nelly Group

Market Cap: SEK 1.3b

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

Advenica

Market Cap: SEK 1.2b

Develops and sells security solutions for defense and authority, and business customers in Sweden, Finland, Austria, 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 9.8b

Operates as a confectionery company.

Viva Wine Group

Market Cap: SEK 3.6b

Develops, markets, imports, and sells wines.

Saniona

Market Cap: SEK 1.4b

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 2.7b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Bahnhof

Market Cap: SEK 6.5b

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

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 1.8b

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

Micro Systemation

Market Cap: SEK 978.8m

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

Zinzino

Market Cap: SEK 9.2b

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

CTT Systems

Market Cap: SEK 3.1b

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

Cavotec

Market Cap: SEK 1.9b

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.

Dala Energi

Market Cap: SEK 3.1b

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

Nordrest Holding

Market Cap: SEK 2.3b

Operates as a foodservice company in Sweden and internationally.

Meko

Market Cap: SEK 6.2b

Operates in the automotive aftermarket business in Sweden, Norway, Denmark, Finland, Poland, Estonia, Latvia, and Lithuania.

Proact IT Group

Market Cap: SEK 2.8b

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

Haypp Group

Market Cap: SEK 4.1b

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

Byggmax Group

Market Cap: SEK 3.0b

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

Nyab

Market Cap: SEK 4.0b

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