Swedish Undiscovered Gems With Strong Fundamentals

NOTE

Market Cap: SEK 4.9b

Provides electronics manufacturing services in Sweden, Finland, the United Kingdom, Bulgaria, Estonia, China, and internationally.

TF Bank

Market Cap: SEK 11.1b

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

Nyab

Market Cap: SEK 4.3b

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

Björn Borg

Market Cap: SEK 1.5b

Manufactures, distributes, and sale underwear, sportswear, footwear, bags, eyewear under the Björn Borg brand.

Storytel

Market Cap: SEK 6.6b

Provides audiobooks and e-books streaming services.

Rusta

Market Cap: SEK 12.5b

Engages in the retail of products in home decoration, consumables, seasonal products, leisure, and Do It Yourself (DIY) categories in Sweden, Norway, Finland, and Germany.

Cantargia

Market Cap: SEK 1.3b

A biotechnology company, develops pharmaceuticals for treatment of cancer, inflammatory, and autoimmune diseases.

RaySearch Laboratories

Market Cap: SEK 7.3b

A medical technology company, provides software solutions for cancer treatment worldwide.

RugVista Group

Market Cap: SEK 1.4b

Operates direct-to-consumer online platforms for carpet and rug sales in Sweden and internationally.

Betsson

Market Cap: SEK 14.6b

Through its subsidiaries, invests in and manages online gaming business in the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally.

Eolus Aktiebolag

Market Cap: SEK 1.1b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Finland, the United States, Poland, Spain, and the Baltic states.

RVRC Holding

Market Cap: SEK 6.2b

Engages in the e-commerce outdoor clothing business in Germany, Sweden, and internationally.

Hanza

Market Cap: SEK 6.1b

Provides contract manufacturing solutions in Sweden, Finland, Estonia, Germany, Poland, the Czech Republic, rest of the European Union, Norway, rest of Europe, North America, and internationally.

Momentum Group

Market Cap: SEK 7.2b

Supplies industrial components, industrial services, and related services to the industrial sector in Sweden, Norway, Denmark, Finland, and internationally.

engcon

Market Cap: SEK 12.5b

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.

Ratos

Market Cap: SEK 13.0b

A private equity firm specializing in buyouts, turnarounds, add on acquisitions, and middle market transactions.

Cheffelo

Market Cap: SEK 1.1b

Engages in the supply and delivery of meal kits to various customers in Sweden, Norway, and Denmark.

Alimak Group

Market Cap: SEK 15.6b

Alimak Group AB (publ) desigs and manufactures vertical access solutions in Europe, Asia, Australia, South and North America, and internationally.

Nolato

Market Cap: SEK 16.7b

Develops, manufactures, and sells plastic, silicone, and thermoplastic elastomer products in Europe, Asia, North America, and internationally.

AQ Group

Market Cap: SEK 17.3b

Develops, manufactures, and assembles components and systems for industrial customers in Sweden, Finland, Germany, the United States of America, China, France, Poland, Italy, the Netherlands, India, Canada, and internationally.

Dynavox Group

Market Cap: SEK 11.0b

Through its subsidiaries, engages in the development and sale of assistive technology products for customers with impaired communication skills.

Svedbergs Group

Market Cap: SEK 3.7b

Develops, manufactures, and markets bathroom products in the Nordic region, the United Kingdom, and the Netherlands.

Synsam

Market Cap: SEK 9.5b

Operates in the optical retail and eye health sector in the Nordic Region.