OM:BILL
OM:BILLPackaging

Billerud (OM:BILL) Margin Compression To 1.8% Tests Bullish Growth Narrative

Billerud (OM:BILL) has wrapped up FY 2025 with fourth quarter revenue of SEK 9.1b and basic EPS of SEK 1.22, setting the tone for a year that swung from loss to profit at the quarterly level. Over recent periods, the company has seen quarterly revenue move from SEK 11.6b and EPS of SEK 3.24 in Q4 2024 to SEK 11.1b and EPS of SEK 1.67 in Q1 2025, SEK 10.4b and EPS of SEK 0.22 in Q2, and SEK 9.9b and an EPS loss of SEK 0.25 in Q3, before landing at the latest Q4 result. This leaves margins...
OM:KAR
OM:KARInteractive Media and Services

Assessing Karnov Group (OM:KAR) Valuation After Launch Of New Share Buyback Program

Why Karnov Group’s new buyback matters Karnov Group (OM:KAR) has started repurchasing its series A shares under a SEK 500 million buyback running from January 12 to February 11, 2026, after shareholder approval at an Extraordinary General Meeting. The mandate allows the company to buy back up to 4.99% of its issued share capital, with a stated goal of optimizing its capital structure and potentially improving value for remaining shareholders over time. See our latest analysis for Karnov...
OM:SKF B
OM:SKF BMachinery

AB SKF (OM:SKF B) Margin Compression Challenges Bullish Earnings Growth Narratives

How AB SKF's FY 2025 Numbers Set Up the Next Chapter AB SKF (OM:SKF B) closed FY 2025 with fourth quarter revenue of SEK 21.97b and basic EPS of 1.25 SEK, and for the trailing twelve months it booked SEK 91.58b of revenue and basic EPS of 8.62 SEK as the share price sits at SEK 232.6. Over the recent reporting periods, quarterly revenue has moved from SEK 24.73b in Q4 2024 to SEK 21.97b in Q4 2025, while quarterly basic EPS shifted from 3.31 SEK to 1.25 SEK across the same span, giving...
OM:ENEA
OM:ENEAIT

Enea (OM:ENEA) Margin Compression Challenges Bullish Earnings Growth Narrative

FY 2025 earnings snapshot Enea (OM:ENEA) has wrapped up FY 2025 with Q4 total revenue of SEK238.7 million and basic EPS of SEK2.21, alongside trailing twelve month figures of SEK900 million in revenue and SEK2.53 in EPS. Over recent quarters, revenue has moved between SEK212.5 million and SEK251.6 million, while quarterly EPS has ranged from a loss of SEK0.94 to a profit of SEK4.71. This sets up a mixed picture on profitability and puts the focus firmly on how margins are evolving. See our...
OM:PLAZ B
OM:PLAZ BReal Estate

Platzer Fastigheter Holding (OM:PLAZ B) Q4 Interest Coverage Risk Challenges Bullish Earnings Narrative

Platzer Fastigheter Holding (OM:PLAZ B) has wrapped up FY 2025 with fourth quarter revenue of SEK 438 million and basic EPS of SEK 2.58, against a current share price of SEK 74.40. The company has seen quarterly revenue sit in a tight range between SEK 431 million and SEK 445 million through 2025, while basic EPS has swung from a small loss of SEK 0.05 in Q2 2025 to SEK 1.75 in Q3 and SEK 2.58 in Q4, with trailing twelve month EPS at SEK 5.83 on revenue of SEK 1.75b. Overall, the latest...
OM:BEIJ B
OM:BEIJ BTrade Distributors

Beijer Ref (OM:BEIJ B) Q4 EPS Slowdown Tests Bullish Growth Narratives

Beijer Ref (OM:BEIJ B) has just wrapped up FY 2025 with fourth quarter revenue of SEK8.3 billion and Basic EPS of 0.64 SEK, against trailing twelve month revenue of SEK37.1 billion and EPS of 4.59 SEK. The company has seen quarterly revenue range from SEK8.3 billion to SEK10.2 billion in 2025, with EPS moving between 0.64 SEK and 1.56 SEK, giving investors a clearer view of how earnings power shifts through the year while margins remain stable. See our full analysis for Beijer Ref. With the...
OM:CAST
OM:CASTReal Estate

How Castellum’s Infinity Hagastaden Lease and UBS Backing May Shape Castellum (OM:CAST) Investors

In late January 2026, Castellum announced a 15-year lease for approximately 24,000 square metres at its Infinity project in Hagastaden, Stockholm, with construction having started in autumn 2025 and completion targeted for late 2027, while the unnamed tenant retains an option to halve the space and shorten the term by mid-2026. On the same day, UBS issued an upbeat research view on Castellum’s repositioning under CEO Pål Ahlsén, highlighting portfolio reshaping efforts and an ambition to...
OM:SECT B
OM:SECT BHealthcare Services

How Investors May Respond To Sectra (OM:SECT B) Winning Expanded Imaging Contract At Major German Hospital

TUM Klinikum Rechts der Isar in Germany has expanded its use of Sectra’s enterprise imaging solution, signing a five-year contract in Sectra’s fiscal Q3 2025/2026 to add pathology and ophthalmology modules licensed for up to 300,000 examinations per year. This extension underscores how Sectra’s unified imaging platform is being adopted across additional clinical disciplines to support efficiency, collaboration, and lower operational costs in large hospital settings. Next, we will examine how...
OM:HEXA B
OM:HEXA BElectronic

Hexagon (OM:HEXA B) Margin Compression To 11.4% Tests Premium 41.4x P/E Narrative

Hexagon (OM:HEXA B) has wrapped up FY 2025 with fourth quarter revenue of €1.4b and basic EPS of €0.09, alongside net income of €237m, putting a clear spotlight on how the business is converting its top line into earnings. Over the past two reported fourth quarters, revenue has moved from €1.4b in FY 2024 to €1.4b in FY 2025, while basic EPS shifted from €0.11 to €0.09 over the same periods, giving you a clean like for like sense of how the income statement is evolving. With trailing 12 month...
OM:JM
OM:JMConsumer Durables

JM (OM:JM) Margin Squeeze And Q4 Loss Challenge Bullish Earnings Growth Narrative

JM (OM:JM) has just posted FY 2025 numbers that show Q4 revenue of SEK 2,794 million with a basic EPS loss of SEK 0.36, set against trailing 12 month figures of SEK 10,691 million in revenue and basic EPS of SEK 0.87. Over recent quarters, revenue has ranged from SEK 2,276 million to SEK 3,254 million in FY 2025, while basic EPS has swung from a profit of SEK 1.18 in Q2 and SEK 0.56 in Q1 to losses of SEK 0.51 in Q3 and SEK 0.36 in Q4. This puts the spotlight firmly on how quickly margins can...
OM:AXFO
OM:AXFOConsumer Retailing

Axfood (OM:AXFO) Valuation Check As Market Share Gains Dividend Hike And Expansion Plans Draw Focus

Why Axfood’s latest update is getting fresh attention Axfood (OM:AXFO) has drawn fresh interest after reporting full year 2025 results, proposing a higher dividend of SEK 9.00 per share and outlining expansion plans for 10 to 15 new stores in 2026. See our latest analysis for Axfood. Those full year 2025 results, the proposed SEK 9.00 dividend and the plan for 10 to 15 new stores in 2026 have come alongside a 90 day share price return of 17.53% and a 1 year total shareholder return of 32.60%...
OM:LIFCO B
OM:LIFCO BIndustrials

Lifco (OM:LIFCO B) Net Margin Holds At 12.9% Reinforcing Premium Valuation Narratives

Lifco FY 2025 earnings set against the market narrative Lifco (OM:LIFCO B) has wrapped up FY 2025 with Q4 revenue of about SEK7.5b and basic EPS of 2.28 SEK, capping a year in which trailing twelve month revenue reached roughly SEK28.3b and EPS came in at 8 SEK. Over the past six reported quarters, the company has seen revenue move from SEK6.3b in Q3 2024 to SEK7.5b in Q4 2025, while quarterly EPS ranged from 1.64 SEK in Q3 2024 to 2.28 SEK in the latest quarter. This has taken place against...