Swedish Capital Goods Potentially Undervalued Small Caps

QleanAir

Market Cap: SEK 321.0m

Provides air cleaning solutions for indoor environments in Sweden and internationally.

Metacon

Market Cap: SEK 353.2m

Develops, manufactures, and sells energy systems to produce fossil-free green hydrogen in Sweden and Greece.

AVTECH Sweden

Market Cap: SEK 332.7m

Engages in the development and sale of products and services for digital air traffic management systems.

HAKI Safety

Market Cap: SEK 606.2m

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

Balco Group

Market Cap: SEK 339.6m

Engages in developing, manufacturing, selling, and installing balcony systems in Sweden, Norway, Denmark, Finland, the United Kingdom, Germany, and the Netherlands.

AGES Industri

Market Cap: SEK 345.8m

Engages in the die casting, machining, tooling, welding, and assembly of precision components.

Nordic Flanges Group

Market Cap: SEK 56.9m

Manufactures and sells industrial flanges in Sweden, the rest of the Nordic region, the United States, and internationally.

Garpco Aktiebolag

Market Cap: SEK 279.4m

Through its subsidiaries, engages in the manufacture and sale of industrial tools, industrial components in polymer materials, and interior design and furnishings.

Kakel Max

Market Cap: SEK 32.2m

Operates in the construction ceramic market in Sweden.