Swedish High Return On Equity, Low Debt

Sectra

Market Cap: SEK 68.4b

Provides solutions for medical IT and cybersecurity sectors in Sweden, the United Kingdom, the Netherlands, and rest of Europe.

Axfood

Market Cap: SEK 59.4b

Engages in the food retail and wholesale businesses primarily in Sweden.

Avanza Bank Holding

Market Cap: SEK 50.7b

Offers a range of savings, pension, and mortgages products in Sweden.

Hemnet Group

Market Cap: SEK 26.2b

Operates a residential property platform in Sweden.

Truecaller

Market Cap: SEK 23.8b

Develops and publishes mobile caller ID applications for individuals and business in India, the Middle East, Africa, and internationally.

Clas Ohlson

Market Cap: SEK 18.0b

A retail company, sells hardware, electrical, multimedia, home, and leisure products in Sweden, Norway, Finland, and internationally.

BioArctic

Market Cap: SEK 17.8b

Develops biological drugs for patients with central nervous system disorders in Sweden.

engcon

Market Cap: SEK 15.0b

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.

Apotea

Market Cap: SEK 9.9b

Operates an online pharmacy in Sweden.

Zinzino

Market Cap: SEK 7.1b

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

Bahnhof

Market Cap: SEK 6.5b

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

Nordic Paper Holding

Market Cap: SEK 3.5b

Engages in the production and sale of natural greaseproof and kraft paper in Sweden, Italy, Germany, the United Kingdom, rest of Europe, the United States, and internationally.

Intellego Technologies

Market Cap: SEK 2.6b

Manufactures and sells colorimetric ultraviolet indicators in Sweden.

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.

Nelly Group

Market Cap: SEK 1.4b

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

Novotek

Market Cap: SEK 920.1m

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

Micro Systemation

Market Cap: SEK 916.0m

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

SinterCast

Market Cap: SEK 834.5m

Provides process control technology to produce compacted graphite iron (CGI) for the foundry and automotive industries in Brazil, Mexico, Sweden, the United States of America, Korea, China, Spain, Japan, the United Kingdom, and internationally.

Generic Sweden

Market Cap: SEK 715.4m

A technology company, provides messaging services for all applications.

HomeMaid

Market Cap: SEK 655.8m

Provides cleaning services in Sweden.

Opter

Market Cap: SEK 621.0m

A SaaS company, provides transport planning solutions primarily in Sweden, Norway, Finland, Denmark, and other Nordic countries.

B3 Consulting Group

Market Cap: SEK 544.9m

Operates as a consultancy company that provides IT and management consultancy services in Sweden.

Avensia

Market Cap: SEK 464.0m

Provides e-commerce solutions in Sweden.

Sibek

Market Cap: SEK 391.9m

Engages in the investigation, planning, project designing and safety reviewing, inspection, and commissioning management of railway signaling systems in Sweden.

Fable Media Group

Market Cap: SEK 178.0m

Invests in marketing businesses.

Comintelli

Market Cap: SEK 39.0m

A software company, provides software as a service solution for external monitoring and analysis.

Transiro Holding

Market Cap: SEK 28.9m

Develops systems for trade and transport industry in Sweden.

S2Medical

Market Cap: SEK 18.9m

Develops, produces, and sells wound healing products for burns and chronic wounds in Sweden.