Swedish Undiscovered Gems With Strong Fundamentals

Freetrailer Group

Market Cap: DKK 778.8m

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

Firefly

Market Cap: SEK 1.1b

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

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.

ByggPartner Gruppen

Market Cap: SEK 983.9m

Operates as a construction company in Sweden.

Softronic

Market Cap: SEK 1.2b

Provides IT and management services in Sweden.

Novotek

Market Cap: SEK 990.0m

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

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.

Creades

Market Cap: SEK 10.5b

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

Nelly Group

Market Cap: SEK 2.3b

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

Karnell Group

Market Cap: SEK 3.3b

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

XANO Industri

Market Cap: SEK 3.6b

Develops, manufactures, and sells industrial products and automation equipment in Sweden, rest of Nordic countries, Europe, and internationally.

Doro

Market Cap: SEK 1.2b

A technology company, develops telecom and technology products and services for seniors and individuals with special needs.

Advenica

Market Cap: SEK 1.0b

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.

Viva Wine Group

Market Cap: SEK 3.5b

Develops, markets, imports, and sells wines.

Saniona

Market Cap: SEK 1.3b

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.

Bahnhof

Market Cap: SEK 6.6b

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

Cloetta

Market Cap: SEK 9.0b

Operates as a confectionery company.

Intellego Technologies

Market Cap: SEK 4.1b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

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

Engages in the provision of total talent solutions for IT/OT, research and development, engineering, and business development in Sweden, Norway, Finland, Denmark, Poland, and Slovakia.

Micro Systemation

Market Cap: SEK 1.1b

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

Berner Industrier

Market Cap: SEK 1.4b

Engages in the technology distribution, and energy and environment business in Sweden, Norway, Finland, and Denmark.

Zinzino

Market Cap: SEK 8.7b

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

CTT Systems

Market Cap: SEK 2.8b

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

Nordrest Holding

Market Cap: SEK 2.4b

Operates as a foodservice company in Sweden and internationally.

Midsona

Market Cap: SEK 1.1b

A consumer goods company, engages in the provision of organic and consumer health products, and health food products.

Dala Energi

Market Cap: SEK 1.3b

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

OEM International

Market Cap: SEK 18.5b

Operates as a technology trading company.

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.

Byggmax Group

Market Cap: SEK 3.4b

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

Nyab

Market Cap: SEK 4.8b

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

Apotea

Market Cap: SEK 11.8b

Operates an online pharmacy in Sweden.

BTS Group

Market Cap: SEK 3.9b

Operates as a professional services firm.

Björn Borg

Market Cap: SEK 1.4b

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

I-Tech

Market Cap: SEK 1.4b

A biotechnology company, develops, markets, and sells antifouling coating products in Sweden.