Swedish Undiscovered Gems With Strong Fundamentals

Bahnhof

Market Cap: SEK 5.2b

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

Intellego Technologies

Market Cap: SEK 1.0b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

AB Traction

Market Cap: SEK 3.9b

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

Nederman Holding

Market Cap: SEK 7.8b

Operates as an environmental technology company in the Americas, the Asia Pacific, Europe, the Middle East, and Asia.

Linc

Market Cap: SEK 4.5b

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

Firefly

Market Cap: SEK 1.0b

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

Bulten

Market Cap: SEK 1.4b

Manufactures and distributes fasteners and related services and solutions for light vehicles, heavy commercial vehicles, automotive suppliers, consumer electronics, and other industries in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, Taiwan, and internationally.

Freetrailer Group

Market Cap: DKK 729.3m

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 1.8b

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 1.2b

Provides IT and management services in Sweden.

Arla Plast

Market Cap: SEK 1.1b

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.

Investment AB Öresund

Market Cap: SEK 5.0b

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

Creades

Market Cap: SEK 10.1b

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

OEM International

Market Cap: SEK 18.4b

Operates as a technology trading company in Sweden, Finland, Ireland, the United Kingdom, Denmark, Poland, Norway, the Czech Republic, China, Estonia, Slovakia, Hungary, Lithuania, the Netherlands, and Latvia.

Viva Wine Group

Market Cap: SEK 3.7b

Develops, markets, imports, and sells wines.

Plejd

Market Cap: SEK 5.4b

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

Cloetta

Market Cap: SEK 7.7b

Operates as a confectionary company.

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 7.8b

Operates an online pharmacy in Sweden.

Zinzino

Market Cap: SEK 4.8b

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

CTT Systems

Market Cap: SEK 2.8b

Engages in the design, manufacture, and sale of humidity control systems for aircraft in Sweden, Denmark, France, the United States, and internationally.

BioGaia

Market Cap: SEK 11.6b

A healthcare company, provides probiotic products worldwide.

Nordrest Holding

Market Cap: SEK 1.7b

Operates as a foodservice company in Sweden and internationally.

Meko

Market Cap: SEK 7.1b

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

Dala Energi

Market Cap: SEK 2.7b

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

RaySearch Laboratories

Market Cap: SEK 8.4b

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

Proact IT Group

Market Cap: SEK 3.1b

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

VBG Group

Market Cap: SEK 7.7b

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.

Paxman

Market Cap: SEK 1.2b

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

MedCap

Market Cap: SEK 5.5b

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

Haypp Group

Market Cap: SEK 2.7b

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

Idun Industrier

Market Cap: SEK 3.7b

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

Kambi Group

Market Cap: SEK 2.9b

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