Swedish Potentially Undervalued Companies

Electrolux Professional

Market Cap: SEK 17.7b

Provides food service, beverage, and laundry products and solutions to restaurants, hotels, healthcare, educational, and other service facilities.

Höegh Autoliners

Market Cap: NOK 20.8b

Provides ocean transportation services within the roll-on roll-off (RoRo) cargoes on deep sea and short sea markets in Norway.

Raketech Group Holding

Market Cap: SEK 120.3m

Operates as an affiliate and performance marketing company worldwide.

Proact IT Group

Market Cap: SEK 2.5b

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

Green Landscaping Group

Market Cap: SEK 3.0b

Engages in the green space management and landscaping business in Sweden, Norway, and rest of Europe.

Betsson

Market Cap: SEK 20.9b

Through its subsidiaries, invests in and manages online gaming business in the Nordic countries, Latin America, Western Europe, Central and Eastern Europe, Central Asia, and internationally.

Evolution

Market Cap: SEK 151.7b

Develops, produces, markets, and licenses online casino systems to gaming operators in Europe, Asia, North America, Latin America, and internationally.

VBG Group

Market Cap: SEK 8.0b

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.

Prevas

Market Cap: SEK 838.8m

Provides technical consultancy services in Sweden and internationally.

Ferronordic

Market Cap: SEK 669.2m

Sells, rents, and services construction equipment, trucks, and other machines in Kazakhstan, Germany, and the United States.

InfraCom Group

Market Cap: SEK 732.8m

Provides cloud-based telephony, IT, and network services.

Sinch

Market Cap: SEK 25.9b

Provides cloud communications services and solutions for enterprises and mobile operators.

Lohilo Foods

Market Cap: SEK 54.2m

Operates as a food company in Sweden and internationally.

Careium

Market Cap: SEK 571.7m

Provides technology-enabled care services in Sweden, Norway, the United Kingdom, the Netherlands, Germany, France, and Spain.

Profoto Holding

Market Cap: SEK 708.0m

Provides lighting equipment for professional photographers, cinematographers, and studios in Sweden and internationally.

CoinShares International

Market Cap: SEK 10.0b

Engages in the creating financial products with digital assets and blockchain technology business in Jersey.

Infrea

Market Cap: SEK 382.3m

A publicly owned investment manager.

Svedbergs Group

Market Cap: SEK 2.8b

Develops, manufactures, and markets bathroom products in the Nordic region, the United Kingdom, and the Netherlands.

B3 Consulting Group

Market Cap: SEK 427.3m

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

Telefonaktiebolaget LM Ericsson

Market Cap: SEK 261.7b

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

AB SKF

Market Cap: SEK 108.2b

Designs, manufactures, and sells bearings and units, seals, lubrication systems, condition monitoring, and services worldwide.

Norion Bank

Market Cap: SEK 13.1b

Provides financial solutions for medium-sized corporates and real estate companies, merchants, and private individuals in Sweden, Germany, Norway, Denmark, Finland, and internationally.

Securitas

Market Cap: SEK 80.9b

Provides security services in North America, Europe, Latin America, Africa, the Middle East, Asia, and Australia.

Peab

Market Cap: SEK 21.5b

Operates as a construction and civil engineering company in Sweden, Norway, Finland, Denmark, and internationally.

Essity

Market Cap: SEK 170.0b

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

Eolus Aktiebolag

Market Cap: SEK 1.0b

Primarily engages in the development, construction, and operation of renewable energy assets in Sweden, Finland, the United States, Poland, Spain, and the Baltic states.

Humana

Market Cap: SEK 2.1b

Provides individual and family care services for children and adults in Sweden, Finland, Norway, and Denmark.

Volvo Car AB (publ.)

Market Cap: SEK 63.1b

Designs, develops, manufactures, markets, and sells cars in Sweden and internationally.

Novus Group International

Market Cap: SEK 35.1m

Novus Group International AB operates as an analysis and survey company in Sweden.

Cmb.Tech

Market Cap: NOK 2.3b

Engages in marine transportation business in Belgium.

Bure Equity

Market Cap: SEK 21.1b

A private equity and venture capital firm specializing in secondary direct, later stage, middle market, mature, buyouts, mid venture, late venture, PIPES, bridge, industry consolidation, recapitalizations, growth capital, special situation and turnarounds.

BrainCool

Market Cap: SEK 224.3m

A medical device company, together with its subsidiaries, engages in the development, marketing, and sale of medical cooling systems for the healthcare sector in Sweden.

C-Rad

Market Cap: SEK 1.1b

Develops, manufactures, and sells products and systems with applications in radiotherapy for the treatment of cancer in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

SpectrumOne

Market Cap: SEK 67.5m

A technology company, provides z`data management, analytics, and communications platform suites to append and analyze customer data in Sweden.

Saniona

Market Cap: SEK 1.6b

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.

CAG Group

Market Cap: SEK 820.7m

Operates as an IT consulting company in Sweden.