Swedish Potentially Undervalued Companies

Ework Group

Market Cap: SEK 1.5b

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

Angler Gaming

Market Cap: SEK 269.9m

Invests in companies that offer gaming services through the internet in Malta.

Kjell Group

Market Cap: SEK 514.9m

Engages in the sale of various consumer electronics accessories in Sweden, Denmark, and Norway.

Storskogen Group

Market Cap: SEK 18.3b

Owns and develops small and medium-sized businesses operating in trade, industry, and services business areas.

Telefonaktiebolaget LM Ericsson

Market Cap: SEK 302.2b

Provides mobile connectivity solutions to communications service providers, enterprises, and the public sector.

Boliden

Market Cap: SEK 119.2b

Engages in the extracting, producing, and recycling of base metals in Sweden, Finland, other Nordic region, Germany, the United Kingdom, Europe, North America, and internationally.

Vitrolife

Market Cap: SEK 19.2b

Provides assisted reproduction products in Europe, the Middle East, Africa, Asia-Pacific, and the Americas.

Traton

Market Cap: SEK 13.9b

Manufactures and sells commercial vehicles in Germany, rest of Europe, the United States of America, rest of North America, Brazil, rest of South America, and internationally.

Essity

Market Cap: SEK 175.3b

Develops, produces, and sells hygiene and health products and services in Europe, North and Latin America, Asia, and internationally.

Integrum

Market Cap: SEK 185.8m

Researches, develops, and sells various systems for bone-anchored prostheses.

Enea

Market Cap: SEK 1.3b

Provides software products for telecom and cybersecurity industries worldwide.

MilDef Group

Market Cap: SEK 6.0b

Develops, manufactures, and sells rugged IT solutions in Sweden, Norway, Finland, Denmark, the United Kingdom, Germany, Switzerland, the United States, Australia, and internationally.

BTS Group

Market Cap: SEK 2.6b

Operates as a professional services firm.

Truecaller

Market Cap: SEK 8.4b

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

HAKI Safety

Market Cap: SEK 650.9m

Provides safety products and solutions for infrastructure, energy, industry, aviation, rail and construction, and civil engineering industries in Europe and North America.

Magle Chemoswed Holding

Market Cap: SEK 371.7m

Engages in research and development of pharmaceutical and medical device products in Sweden.

W5 Solutions

Market Cap: SEK 888.5m

Develops and delivers systems and solutions for the defense and civil protection sectors in Sweden.

Boule Diagnostics

Market Cap: SEK 205.8m

Develops, manufactures, and markets instruments and consumable products for blood diagnostics in the United States of America, Asia, Eastern Europe, Latin America, Western Europe, Africa, and the Middle East.

Gentoo Media

Market Cap: SEK 1.1b

An iGaming technology company, together with its subsidiaries, provides solutions, products, and services to iGaming operators in Nordic countries, other European countries, and internationally.

Eltel

Market Cap: SEK 1.4b

Operates as an infrastructure and service provider for critical communication and power networks in Finland, Sweden, Norway, Denmark, Lithuania, Germany, and internationally.

Asmodee Group

Market Cap: SEK 26.1b

Engages in publishing and distribution of tabletop games.

ADDvise Group

Market Cap: SEK 726.8m

Supplies medical devices, equipment, and consumables to public and private laboratories and research facilities, healthcare, and pharmaceuticals in North America, Europe, South America, Sweden, and internationally.

AB Volvo

Market Cap: SEK 541.2b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

AB Volvo

Market Cap: SEK 541.2b

Manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania.

New Wave Group

Market Cap: SEK 14.4b

Designs, acquires, and develops brands and products in the corporate, sports, gifts, and home furnishings sectors in Sweden, the United States, Central Europe, rest of Nordiac countries, Southern Europe, and internationally.

Nilörngruppen

Market Cap: SEK 704.6m

Engages in the production and sale of labels, packaging products, and accessories for the fashion and apparel industries in Sweden, the rest of Europe, and Asia.

ITAB Shop Concept

Market Cap: SEK 4.3b

Develops, manufactures, sells, and installs store concepts for retail chain stores.

AcadeMedia

Market Cap: SEK 9.9b

Operates as an independent education provider in Sweden, Norway, the Netherlands, and Germany.

Fasadgruppen Group

Market Cap: SEK 1.3b

Operates as a service provider of facades in Sweden, Denmark, Norway, and Finland.

Alimak Group

Market Cap: SEK 14.6b

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

Systemair

Market Cap: SEK 15.7b

Manufactures and sells of ventilation, heating and cooling products, and systems in Europe, North America, the Middle East, Asia, Australia, and Africa.

Niutech Group

Market Cap: SEK 22.2m

Engages in the installation of solar cell systems and electric car chargers in Sweden.

Husqvarna

Market Cap: SEK 24.9b

Produces and sells outdoor power products, watering products, and lawn care power equipment.

GiG Software

Market Cap: SEK 879.4m

Provides online gaming services, primarily casino and sports, and a remote gaming platform in Europe, North America, South America, and internationally.

Cantargia

Market Cap: SEK 803.0m

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

Fable Media Group

Market Cap: SEK 171.2m

Invests in marketing businesses.