OM:ALLEI
OM:ALLEIMetals and Mining

Alleima (OM:ALLEI) Q4 Loss And Margin Compression Challenge Growth Optimism

Alleima (OM:ALLEI) has wrapped up FY 2025 with fourth quarter revenue of SEK4.5b and a small net loss of SEK12m, which translated into basic EPS of SEK0.05 loss per share, setting a more muted tone after earlier quarters of profit. Over the year, the company has seen quarterly revenue range from SEK4.2b to SEK5.2b. Basic EPS moved from SEK1.57 in Q1 to SEK0.81 in Q2, SEK0.34 in Q3 and then into loss making territory in Q4, against a backdrop of trailing twelve month EPS of SEK2.68 and revenue...
OM:EPEN
OM:EPENElectronic

Ependion (OM:EPEN) Margin Slippage Tests Bullish Growth Narratives After FY 2025 Earnings

Ependion (OM:EPEN) has reported fresh numbers for FY 2025, with fourth quarter revenue of SEK 582.4 million and basic EPS of SEK 1.37. Trailing twelve month revenue came in at SEK 2.23 billion and EPS at SEK 4.56. The company has seen quarterly revenue move between SEK 543.6 million and SEK 582.4 million over the past year, with basic EPS ranging from SEK 0.99 to SEK 1.37. This gives investors a clear view of how the top line and EPS have tracked together into the latest print. With net...
OM:SSAB A
OM:SSAB AMetals and Mining

Does Dividend Cut And Fossil-Free Push Reshape The Bull Case For SSAB (OM:SSAB A)?

SSAB AB (publ) has reported full-year 2025 results showing sales of SEK 96,220 million and net income of SEK 4,902 million, alongside a Board proposal to cut the dividend to SEK 2.00 per share from SEK 2.60. These results arrive shortly after SSAB’s push into fossil-free steel, including a letter of intent to supply Rheinmetall and recognition of its Luleå zero-emission mill investment under the EU Net-Zero Industry Act, highlighting a tension between near-term earnings pressure and...
OM:HMS
OM:HMSCommunications

HMS Networks (OM:HMS) Margin Improvement Reinforces Bullish Earnings Growth Narrative

HMS Networks (OM:HMS) has wrapped up FY 2025 with fourth quarter revenue of SEK950 million and basic EPS of SEK1.43, while trailing twelve month figures sit at SEK3.6 billion in revenue and EPS of SEK8.67 as a backdrop to the latest release. The company has seen quarterly revenue move from SEK806.18 million in Q4 2024 to SEK950 million in Q4 2025, with EPS across the same quarters shifting from SEK1.49 to SEK1.43, and investors now have to weigh these headline trends against earnings growth...
OM:BHG
OM:BHGSpecialty Retail

BHG Group (OM:BHG) Returns To Profitability Challenging Bearish Earnings Narratives

BHG Group (OM:BHG) has just wrapped up FY 2025 with Q4 revenue of SEK3.0b and basic EPS of SEK0.22, capping a year in which trailing twelve month revenue reached SEK10.6b and EPS came in at SEK0.81. Over the past two reported fourth quarters, the company has seen revenue move from SEK2.9b to SEK3.0b while net income shifted from a loss of SEK441.7m to a profit of SEK39.6m, with quarterly EPS moving from a loss of SEK2.46 to a profit of SEK0.22, indicating a sharply different margin profile...
OM:SKA B
OM:SKA BConstruction

Is Skanska’s Expanded Nordic Hospital and Grid Project Pipeline Altering The Investment Case For Skanska (OM:SKA B)?

In recent weeks, Skanska announced several major wins, including a €50 million (about SEK 540 million) second-phase hospital contract in Turku, Finland, a roughly SEK 500 million electricity grid expansion agreement in western Stockholm, and a SEK 1.30 billion acquisition of the Tegelbruket 4 property on central Kungsholmen. Together, these projects expand Skanska’s healthcare, energy infrastructure, and mixed-use urban development pipeline, underlining its role in complex, long-duration...
OM:SHOT
OM:SHOTHospitality

Does Scandic’s Tromsø Expansion Clarify Its Multi‑Brand Strategy And Capital Commitments (OM:SHOT)?

Scandic Hotels Group has announced plans to expand in Norway by opening its second Scandic Go in a new mixed-use building in central Tromsø, with around 170 rooms and an expected opening in 2028 under a long-term lease with Nordlyskvartalet AS. This project will make Tromsø the first non-capital city to host all three of Scandic’s brands, while reinforcing the group’s sustainability focus through Nordic Swan Ecolabel certification and use of recycled materials. We’ll now examine how this...
OM:XVIVO
OM:XVIVOMedical Equipment

Xvivo Perfusion (OM:XVIVO) Margin Reset To 3.1% TTM Tests Premium Growth Narrative

Xvivo Perfusion (OM:XVIVO) has wrapped up FY 2025 with fourth quarter revenue of SEK 226.1 million and basic EPS of SEK 1.00, while trailing twelve month revenue came in at SEK 812.2 million with EPS of SEK 0.80. Over recent periods the company has seen quarterly revenue move from SEK 198.5 million in Q3 2024 to SEK 227.6 million in Q4 2024 and then SEK 218.6 million, SEK 178.3 million, SEK 189.1 million and SEK 226.1 million through Q4 2025, with EPS shifting alongside those swings...
OM:GETI B
OM:GETI BMedical Equipment

Getinge (OM:GETI B) Margin Uplift To 5.7% Tests Skeptical Earnings Narratives

Getinge (OM:GETI B) has just wrapped up FY 2025 with Q4 revenue of SEK10.2b and basic EPS of SEK3.19. This sets the tone for a year where trailing twelve month revenue came in at SEK35.0b and EPS at SEK8.29. Over recent quarters, the company has seen revenue move from SEK8.2b in Q3 2025 to SEK10.2b in Q4 2025, while basic EPS shifted from SEK2.08 to SEK3.19 and trailing twelve month EPS stepped up from SEK7.54 to SEK8.29. This puts the focus firmly on how sustainable these margins look from...
OM:SAND
OM:SANDMachinery

Sandvik (OM:SAND) Net Margin Expansion Challenges Concern Over Premium P/E Valuation

Sandvik (OM:SAND) FY 2025 earnings snapshot Sandvik (OM:SAND) has wrapped up FY 2025 with fourth quarter revenue of SEK 32.5b and basic EPS of SEK 3.35, alongside trailing twelve month EPS of SEK 11.71 and net income of SEK 14.69b that sits on top of SEK 120.68b in TTM revenue. The company reported quarterly revenue of SEK 32.15b and EPS of SEK 3.42 in Q4 2024 and SEK 32.46b and EPS of SEK 3.35 in Q4 2025, while TTM net income increased from SEK 12.24b to SEK 14.69b over the same period...
OM:BETS B
OM:BETS BHospitality

Assessing Betsson (OM:BETS B) Valuation As Softer Guidance Meets Ongoing Share Buybacks

Guidance cut and buybacks put Betsson’s setup in focus Betsson (OM:BETS B) has issued fourth quarter 2025 guidance that points to softer revenue and operating income, while also continuing a share buyback programme that is tightening its free float. See our latest analysis for Betsson. Despite the guidance pointing to softer fourth quarter numbers, Betsson’s 1-day and 7-day share price returns of 2.5% and 5.22% show a short-term rebound. A 30-day share price return of 26.95% and 1-year total...
OM:EPI A
OM:EPI AMachinery

Is Epiroc’s (OM:EPI A) Steady Dividend and Order Growth Hiding a Deeper Margin Trade-Off?

Epiroc AB has reported its fourth-quarter and full-year 2025 results, showing slightly lower sales and earnings year-on-year but broadly stable profitability, and its board has proposed keeping the dividend at SEK 3.80 per share, paid in two installments. An interesting angle for investors is that the company combined robust 11% organic order growth, particularly in mining and automation projects, with only modest pressure on margins from tariffs and raw material costs. Next, we’ll examine...
OM:STOR B
OM:STOR BIndustrials

Assessing Storskogen Group (OM:STOR B) Valuation After Launch Of Share Buyback Program

Storskogen Group (OM:STOR B) has drawn fresh investor attention after launching a shareholder approved buyback program, targeting up to 8,515,686 class B shares and SEK 100 million in repurchases to adjust its capital structure. See our latest analysis for Storskogen Group. The buyback announcement comes after a period of steady share price momentum, with a 90 day share price return of 18.78% and a 3 year total shareholder return of 33.43%, while the latest close sits at SEK11.75. If this...
OM:SKF B
OM:SKF BMachinery

Did SKF’s Margin Resilience Amid Weaker Q2 Sales Just Shift AB SKF's (OM:SKF B) Investment Narrative?

AB SKF recently reported quarterly results showing a Q2 Non-GAAP EPS of SEK 5.06, with revenues experiencing a 9.5% year-over-year decline and a mixed picture on operating margins. While the adjusted operating margin edged up to 13.3%, the overall operating margin slipped to 5.6%, and management flagged stable but cautious Q3 2025 organic sales alongside an expected currency drag on operating profit. We’ll explore how SKF’s slightly improved adjusted margins amid weaker revenues may...
OM:SEYE
OM:SEYEElectronic

3 European Insider Picks With Earnings Growth Up To 120%

As European markets navigate renewed trade and geopolitical uncertainties, with major indexes like the STOXX Europe 600 seeing declines, investors are increasingly focused on companies that demonstrate resilience through strong insider ownership and robust earnings growth. In such a climate, stocks characterized by high insider ownership can be particularly appealing as they often indicate management's confidence in the company's long-term prospects and alignment with shareholder interests.
OM:TEL2 B
OM:TEL2 BWireless Telecom

Tele2 (OM:TEL2 B) Upsizes Dividend Commitment Is Its Capital Return Strategy Reaching an Inflection Point?

Tele2 AB (publ) has proposed a dividend of SEK 10.50 per share, equivalent to very large distribution relative to its 2025 equity free cash flow, marking an assertive capital return move announced prior to today. The decision to distribute more than its projected 2025 equity free cash flow highlights Tele2’s willingness to prioritize shareholder payouts over balance-sheet conservatism. We’ll now examine how this unusually high cash distribution commitment could influence Tele2’s investment...
OM:CAST
OM:CASTReal Estate

Assessing Castellum (OM:CAST) Valuation After UBS Upgrade On Portfolio Shift And AI-Linked Office Demand

UBS has upgraded Castellum (OM:CAST) after reassessing the Swedish property group’s efforts to reshape its portfolio under CEO Pål Ahlsén, with a focus on non core divestments and a clearer return on equity target. See our latest analysis for Castellum. Castellum’s share price has edged up over the past month, with a 7 day share price return of 3.18% and a 30 day share price return of 3.47%. However, the 1 year total shareholder return of 8.70% decline and 5 year total shareholder return of...
OM:SAAB B
OM:SAAB BAerospace & Defense

Did Poland’s New DELFIN SIGINT Milestone Just Recast Saab’s (OM:SAAB B) Defense Systems Role?

In January 2026, Saab marked a key milestone in Poland’s DELFIN programme with the launch of ORP Henryk Zygalski, the second and final SIGINT ship, in Gdansk, following the earlier launch of ORP Jerzy Rozycki in 2025. This phase of the project highlights Saab’s role as prime contractor for advanced electronic intelligence vessels, coordinating Polish shipbuilding partners while taking full responsibility for integrating complex mission and reconnaissance systems. We’ll now examine how Saab’s...
OM:ATCO A
OM:ATCO AMachinery

Did Softer 2025 Earnings and a Higher Payout Just Shift Atlas Copco's (OM:ATCO A) Investment Narrative?

Atlas Copco AB reported fourth-quarter 2025 sales of SEK 42,782 million and net income of SEK 6,623 million, with full-year 2025 sales of SEK 168,343 million and net income of SEK 26,420 million, all lower than the prior year. Despite the weaker earnings, the board proposed keeping the ordinary dividend at SEK 3.00 per share and adding an extra SEK 2.00 distribution, lifting the total payout to SEK 5.00 per share paid in two installments. We’ll now examine how the combination of softer 2025...
OM:ERIC B
OM:ERIC BCommunications

Assessing Ericsson (OM:ERIC B) Valuation After Recent Share Price Momentum

Telefonaktiebolaget LM Ericsson (OM:ERIC B) is drawing investor attention after recent share price moves, with returns of 4.1% over the past week and 10.3% over the month prompting closer scrutiny of its fundamentals. See our latest analysis for Telefonaktiebolaget LM Ericsson. Zooming out, Ericsson’s recent 1-day share price return of 4.1% and 7-day share price return of 14.6% sit alongside a 1-year total shareholder return of 20.5% and 3-year total shareholder return of 86.0%. Together,...
OM:ALIG
OM:ALIGMachinery

European Undervalued Small Caps With Insider Action For January 2026

As European markets face renewed trade and geopolitical uncertainties, with the STOXX Europe 600 Index ending lower and key indices like France's CAC 40 and Germany's DAX also declining, investors are closely monitoring small-cap stocks for potential opportunities. In this environment of modest eurozone business activity growth and heightened optimism in the business outlook, identifying promising small-cap companies involves assessing their ability to navigate economic fluctuations while...