OM:PNDX B
OM:PNDX BReal Estate

Pandox (OM:PNDX B) Profit Surge Driven by SEK556M One-Off Gain Raises Quality Questions

Pandox (OM:PNDX B) delivered standout earnings growth over the past year, with profits soaring 173.5%, far surpassing the company’s five-year average growth of 16.1% per year. Net profit margin improved sharply to 18.8% from 7% a year earlier, benefiting from a sizeable one-off gain of SEK556.0M during the period. As earnings catch the spotlight, investors will be watching closely. Despite rosy profitability, revenue is set to decline by 8.2% annually over the next three years while future...
OM:ADDT B
OM:ADDT BTrade Distributors

Addtech (OM:ADDT B) Margin Expansion Reinforces Bullish Narratives, Despite Valuation Concerns

Addtech AB (OM:ADDT B) posted average annual earnings growth of 21.1% over the past five years, with net profit margins now at 8.8% compared to 8.5% last year. For the most recent year, earnings were up 12.8%, trailing the company’s five-year pace, and forecasts project 11.96% yearly earnings growth ahead, as revenue is seen rising by 6.2% per year. This outpaces the broader Swedish market’s 3.6% rate. Investors are weighing these consistently positive trends alongside a premium valuation and...
OM:MYCR
OM:MYCRElectronic

Mycronic (OM:MYCR) Net Margin Hits 24.5%, Surpassing Bullish Market Expectations

Mycronic (OM:MYCR) delivered a net profit margin of 24.5%, surpassing last year’s 23.1%, while earnings are forecast to climb by 8.44% per year. Revenue is projected to rise 4.1% annually, ahead of the Swedish market’s expected 3.6%. Over the last five years, the company’s earnings have grown by an impressive 22.5% annually, with the most recent year showing 32.5% earnings growth, easily topping the five-year average. The stock is trading at a 20.8x price-to-earnings ratio, which is well...
OM:MANG
OM:MANGCapital Markets

Mangold Fondkommission (OM:MANG) Net Profit Margin Falls to 1.1%, Undermining Quality Earnings Narrative

Mangold Fondkommission (OM:MANG) posted a net profit margin of 1.1%, slipping from last year’s 3.7% mark, with earnings shrinking at an annualized rate of 50.3% over the past five years. The company’s most recent results highlight a continued negative trend in earnings growth, and with no improvement in net margins or expectations for revenue and earnings to grow, investor sentiment remains cautious. High-quality earnings classification offers some reassurance, but the lack of rewards in the...
OM:NYF
OM:NYFReal Estate

Nyfosa (OM:NYF) One-Off SEK685m Loss Raises Doubts Over Profit Turnaround Narrative

Nyfosa (OM:NYF) swung back to profitability after reporting earnings that had previously declined by 49.6% per year over the past five years. The company’s results for the twelve months ended September 30, 2025, were significantly impacted by a SEK685.0 million one-off loss, which weighed on net income figures. Looking ahead, Nyfosa is expected to grow earnings by 46.4% per year, well outpacing the Swedish market’s projected 12.3% annual profit expansion. However, anticipated revenue growth...
OM:STIL
OM:STILMedical Equipment

Stille (OM:STIL) Margin Hit by SEK44.5m One-Off Loss, Testing Profit Quality Narratives

Stille (OM:STIL) posted annual earnings forecast to grow 19.86% per year and revenue expected to expand 8.6% annually, outpacing Swedish market averages of 12.3% for earnings and 3.6% for revenue. However, the company’s net profit margin slipped to 9.6% from last year’s 11.1% as a non-recurring loss of SEK44.5 million weighed on results for the twelve months ending 30th September 2025. On the valuation front, Stille is trading at 32.3 times earnings, which is above the sector average. Its...
OM:SCST
OM:SCSTFood

Scandi Standard (OM:SCST) Margin Narrowing Undercuts Bullish Narrative Despite Strong Long-Term Growth Forecasts

Scandi Standard (OM:SCST) reported earnings that have grown 16.4% annually over the past five years, but recent growth has slowed as earnings increased just 0.7% over the last year. The company’s current net profit margin of 2.1% is slightly lower than last year’s 2.2%. Looking forward, analysts expect annual earnings growth of 19.8% and revenue to climb by 4.4% per year, outpacing the Swedish market forecast of 3.6% per year. See our full analysis for Scandi Standard. Now we will see how...
OM:EAST
OM:EASTReal Estate

Eastnine (OM:EAST) One-Off €18.5M Gain Challenges Bearish Narratives on Profitability Sustainability

Eastnine (OM:EAST) reported a notable one-off gain of €18.5 million for the twelve months ending September 30, 2025. This contributed to the company's recent transition to profitability and improvement in net profit margins. Despite this positive shift, earnings have declined by 29.8% per year over the last five years. Forecasts predict an annual earnings contraction of -7.2% moving forward, with revenue growth projected at just 2.1% per year, trailing behind the Swedish market average of...
OM:PDX
OM:PDXEntertainment

Paradox Interactive (OM:PDX) Margin Surge Reinforces Bullish Narratives Despite Premium Valuation

Paradox Interactive (OM:PDX) reported a sharp rise in profitability this period, with a net profit margin of 32.2% versus 13% a year earlier, and annual earnings growth soaring by 106.5%, dwarfing its five-year average of 7.4% per year. Looking forward, earnings are forecast to grow 30.86% per year and revenue is expected to rise at 8.1% annually, both well ahead of the broader Swedish market and industry averages. With profit and revenue growth firmly in view, investors may see these results...
OM:JOMA
OM:JOMAReal Estate

John Mattson (OM:JOMA) Profitability Headline Driven by SEK510m One-Off Gain, Raising Core Earnings Doubts

John Mattson Fastighetsföretagen (OM:JOMA) reported a turnaround to profitability this period, but the headline net profit margin comes with a large caveat: a non-recurring gain of SEK510.2 million significantly boosts the bottom line and makes it tough to judge the true quality of JOMA's core earnings. Over the last five years, earnings have dropped by an average of 34.1% per year, and analyst forecasts expect this trend to continue with an anticipated annual decline of 14.8% in the next...
OM:ALIG
OM:ALIGMachinery

Alimak Group (OM:ALIG) Margin Expansion Challenges Bearish Narratives as Annual Profits Improve

Alimak Group (OM:ALIG) posted annual revenue growth of 4.2%, topping the Swedish market’s 3.6% expectation, while net profit margins strengthened to 10.1% from 7.5% a year prior. EPS growth was robust as well, with earnings increasing 33.6% over the last year, comfortably outpacing the company’s five-year earnings growth trend of 25.9% per year. These solid numbers are driving a positive outlook, although earnings are projected to continue expanding at a slower pace of 11.5% per year going...
OM:NCC B
OM:NCC BConstruction

NCC (OM:NCC B) Earnings Growth Surpasses Long-Term Trend, Reinforcing Bullish Valuation Narrative

NCC B (OM:NCC B) reported annual earnings growth of 9.4%, surpassing its five-year average growth rate of 3.5%. While net profit margin held steady at 2.5%, the company’s revenue is forecast to rise 3.8% per year, which is slightly faster than the Swedish market. With shares trading at SEK 215, well below the estimated fair value of SEK 342.55 and at a price-to-earnings ratio lower than both industry averages, investors are watching solid profitability but remain mindful of future dividend...
OM:EVO
OM:EVOHospitality

Evolution (OM:EVO) Margin Miss Undercuts Bullish Growth Narrative Despite High Profitability

Evolution (OM:EVO) posted net profit margins of 53.7%, down from last year’s 56.5%, even as earnings grew 10.5% over the past year. Looking ahead, the company’s earnings are forecast to rise 10.8% annually and revenue by 9.4% per year. This continues a standout five-year average earnings growth rate of 26.4%. Investors are likely weighing the mix of strong historic growth and consistently high margins against a modest year-on-year decline in profitability. See our full analysis for...
OM:ANNE B
OM:ANNE BReal Estate

Annehem Fastigheter (OM:ANNE B): One-Off SEK42M Loss Challenges Bullish Valuation Narrative

Annehem Fastigheter (OM:ANNE B) is expected to outperform the broader market, with revenue forecast to grow 6.2% per year compared to Sweden’s 3.6% market average. EPS growth is projected at a robust 40.1% annually, far exceeding the market’s 12.3% pace. The company has just returned to profitability after an extended period of earnings declines. However, a notable one-off loss of SEK42.0 million in the last year impacted recent results, keeping financial quality in the spotlight for...
OM:ATCO A
OM:ATCO AMachinery

Atlas Copco (OM:ATCO A) Margin Slips to 16.2%, Testing Premium Valuation Narrative

Atlas Copco (OM:ATCO A) reported earnings growth forecasts of 9% per year, which trails the projected Swedish market growth rate of 12.3%. However, the company is expected to outpace the broader market on revenue growth, with forecasts at 6.3% compared to the market’s 3.6%. Net profit margins are currently at 16.2%, slightly below last year’s 16.6%. The business continues to show high-quality earnings performance with no flagged risks from recent data. See our full analysis for Atlas...
OM:GRNG
OM:GRNGMetals and Mining

Gränges (OM:GRNG) Margin Decline Challenges Bullish Growth Narrative Despite Strong Earnings Track Record

Gränges (OM:GRNG) has posted a strong set of numbers, with earnings growing at 18.7% per year over the last five years, and analysts forecasting a continued pace of 18.4% annual earnings growth. This is well ahead of the broader Swedish market’s 12.3% outlook. Revenue is expected to rise by 6.4% per year, outstripping the Swedish average of 3.6%. Net profit margins currently sit at 3.8%, a dip from last year’s 4.5%, giving investors something to watch even as both growth and value narratives...
OM:AAK
OM:AAKFood

AAK (OM:AAK) Margin Decline Raises Fresh Concerns on Dividend Sustainability Narrative

AAK AB (publ.) (OM:AAK) reported revenue forecasted to grow 4.4% per year, topping the Swedish market’s 3.6%. Earnings are projected to increase at 11.1% annually, although this trails the Swedish market’s expected 12.3% growth. Net profit margins came in at 7.3%, slipping slightly from 7.6% the year before. Over the past five years, average annual profit growth averaged a strong 23.7% despite negative growth in the most recent period, highlighting a track record of high-quality earnings. See...
OM:ENEA
OM:ENEAIT

Enea (OM:ENEA) Discounted Valuation Reinforces Bullish Narratives Despite One-Off Profit Hit

Enea (OM:ENEA) posted forecast-beating growth numbers, with earnings expected to climb 17.5% per year and revenue anticipated to rise at 6.5% annually, both outpacing the broader Swedish market’s projected rates. However, the company’s net profit margin dipped to 7.8% from last year’s 8.7%, and earnings have declined by 29.9% on average over the past five years, impacted by a significant one-off loss of SEK84.8 million. Despite recent margin softness, ENEA’s share price of SEK69.8 trades well...
OM:BONEX
OM:BONEXBiotechs

Bonesupport Holding (OM:BONEX) Margin Decline Challenges Bull Case Despite Strong Growth Forecasts

Bonesupport Holding (OM:BONEX) reported high-quality earnings, turning profitable over the last five years and achieving impressive earnings growth of 63% per year during that period. Net profit margins for the most recent period landed at 13.9%, below last year’s 39.3%. Earnings are projected to accelerate by 58.25% per year going forward, outpacing not just the Swedish market but also revenue, which is forecast to grow 30.4% annually compared to a local benchmark of 3.6%. Despite robust...
OM:XVIVO
OM:XVIVOMedical Equipment

XVIVO Perfusion (OM:XVIVO) Margin Dip Challenges Bullish Growth Narrative Despite 26.8% Revenue Outlook

XVIVO Perfusion (OM:XVIVO) posted a promising outlook, with revenue forecast to climb 26.8% per year and earnings expected to surge 78.3% annually. Both figures are pacing well ahead of the Swedish market averages. However, current net profit margins of 13.5% have slipped from last year's 17.3%, signaling some recent pressure. Over the past five years, the company has transitioned to profitability, recording a brisk 71% annual earnings growth. Investors are likely focused on these robust...
OM:TELIA
OM:TELIATelecom

Telia (OM:TELIA) Profit Margin Surges to 6%, Challenging Bearish Narratives on Earnings Quality

Telia Company (OM:TELIA) posted a striking jump in net profit margins to 6% for the year, a sharp improvement from last year’s 1%. Earnings growth soared 548.1%, far outpacing the company’s 29.6% five-year annualized rate. Looking ahead, earnings are forecast to rise 8.83% per year, lagging the Swedish market’s anticipated 12.3% annual rate, while revenue is expected to grow just 1.2% per year. Telia’s strong profit expansion stands out, though investors remain mindful of flagged risks around...
OM:ALIF B
OM:ALIF BLife Sciences

AddLife (OM:ALIF B) Margin Surge Challenges Valuation Debate After 185.6% Earnings Jump

AddLife (OM:ALIF B) posted a notable turnaround this year, with profit margins climbing to 3.2% from last year's 1.2% and earnings surging 185.6%, reversing a five-year trend of declining earnings at an average annual rate of 25.8%. While high-quality earnings and accelerating profit growth have drawn attention, a lofty price-to-earnings ratio of 73x stands well above industry and peer averages. Revenue forecasts point to 6.1% annual growth compared to the Swedish market's 3.6% rate. See our...
OM:SF
OM:SFEntertainment

Stillfront Group (OM:SF): Losses Accelerate 89.7% Per Year as Valuation Highlights Recovery Potential

Stillfront Group (OM:SF) remains in the red, with losses having increased by 89.7% per year over the past five years. Looking ahead, the company is forecast to grow earnings at an impressive 59.36% per year and is expected to reach profitability within the next three years. With revenue also projected to rise 3.8% annually, slightly outpacing the Swedish market, the setup for long-term investors could catch some eyes. See our full analysis for Stillfront Group. Next up, we will see how these...
OM:CAST
OM:CASTReal Estate

Castellum (OM:CAST) Returns to Profitability, But One-Off SEK728m Loss Tests Bullish Narratives

Castellum (OM:CAST) has turned a corner by reaching profitability, with its net profit margin improving over the past year, even as earnings have declined by 43.2% per year for the last five years and a one-off loss of SEK728.0 million weighed on the latest twelve-month results through September 2025. Looking forward, earnings are projected to grow by 32.7% annually, significantly faster than the broader Swedish market, while revenue growth is expected to trail at just 2% per year. Investors...