Swedish Undiscovered Gems With Strong Fundamentals

AB Traction

Market Cap: SEK 3.8b

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

Linc

Market Cap: SEK 3.7b

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

Intellego Technologies

Market Cap: SEK 1.6b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

Nederman Holding

Market Cap: SEK 6.2b

Operates as an environmental technology company.

Firefly

Market Cap: SEK 1.0b

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

Bulten

Market Cap: SEK 1.2b

Manufactures and distributes fasteners in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, and internationally.

Freetrailer Group

Market Cap: DKK 764.5m

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

Kopparbergs Bryggeri

Market Cap: SEK 2.3b

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

Byggmästare Anders J Ahlström Holding

Market Cap: SEK 1.6b

Invests in, owns, and develops listed and unlisted small and medium-sized companies in Sweden and rest of the Nordic region.

Softronic

Market Cap: SEK 1.1b

Provides IT and management services in Sweden.

Nelly Group

Market Cap: SEK 1.0b

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

Creades

Market Cap: SEK 9.3b

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

Investment AB Öresund

Market Cap: SEK 5.0b

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

OEM International

Market Cap: SEK 17.9b

Operates as a technology trading company.

Cloetta

Market Cap: SEK 7.6b

Operates as a confectionery company.

Plejd

Market Cap: SEK 6.0b

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

Viva Wine Group

Market Cap: SEK 3.5b

Develops, markets, imports, and sells wines.

Bahnhof

Market Cap: SEK 5.4b

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 2.4b

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 7.3b

Operates an online pharmacy in Sweden.

Zinzino

Market Cap: SEK 5.0b

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

CTT Systems

Market Cap: SEK 2.3b

Engages in the design, manufacture, and sale of humidity control systems for aircraft in Sweden, Denmark, France, the United States, 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, Middle East and Africa, Asia Pacific, and North America.

BioGaia

Market Cap: SEK 9.9b

A healthcare company, provides probiotic products worldwide.

Dala Energi

Market Cap: SEK 2.7b

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

Meko

Market Cap: SEK 6.7b

Operates in the automotive aftermarket business in Europe.

Nordrest Holding

Market Cap: SEK 1.6b

Operates as a foodservice company in Sweden and internationally.

VBG Group

Market Cap: SEK 6.6b

Develops, manufactures, markets, and sells various industrial products in Sweden, Germany, rest of the Nordic countries and Europe, the United States, rest of North America, Brazil, Australia, New Zealand, China, and internationally.

Proact IT Group

Market Cap: SEK 3.0b

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

RaySearch Laboratories

Market Cap: SEK 7.5b

A medical technology company, provides software solutions for cancer care in the Americas, Europe, Africa, the Asia-Pacific, and the Middle East.

MedCap

Market Cap: SEK 5.4b

A private equity firm specializing in investments in secondary direct, later stage, industry consolidation, add-on acquisitions, growth capital, middle market, mature, turnarounds, buyout.

Paxman

Market Cap: SEK 1.2b

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

Haypp Group

Market Cap: SEK 3.0b

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

Kambi Group

Market Cap: SEK 3.2b

Operates as an independent provider of sports betting technology and services to the betting and gaming industry in Europe, the Americas, and internationally.

Absolent Air Care Group

Market Cap: SEK 2.8b

Designs, develops, sells, installs, and maintains air filtration units.