OM:BRAV
OM:BRAVCommercial Services

Bravida Holding (OM:BRAV): Margin Expansion Challenges Investor Skepticism Despite Revenue Growth Above Market

Bravida Holding (OM:BRAV) posted annual revenue growth of 4.6%, topping the Swedish market’s expected pace of 3.9% per year. Annual earnings are forecast to rise around 12% per year, just below the Swedish market’s projected 12.6%. Profit margins edged higher to 3.9% from 3.7% last year. The data highlights recent revenue expansion, improving margins, and a mixed valuation sentiment with shares trading at SEK84.5, significantly below analyst fair value estimates. See our full analysis for...
OM:SAGA A
OM:SAGA AReal Estate

Sagax (OM:SAGA A) Earnings Surge Driven by SEK1.2B One-Off Gain Challenges Profit Quality Narratives

AB Sagax (OM:SAGA A) posted a striking surge in profitability, with earnings up 101.5% over the last year after a run of average annual declines of 17.2% over the past five years. Net profit margins climbed to 87.1% from 48.8%, as a SEK1.2 billion one-off gain played a big role in the past twelve months’ results. With such a significant non-recurring boost to earnings, investors will need to weigh whether these headline figures signal true momentum or just a temporary upside. See our full...
OM:HPOL B
OM:HPOL BChemicals

HEXPOL (OM:HPOL B) Margin Decline Undercuts Bullish Narratives Despite Attractive Valuation

HEXPOL (OM:HPOL B) reported net profit margins of 10.2%, down from 11.8% last year, marking a clear year-over-year decline in profitability. Despite averaging 6.4% earnings growth per year over the last five years, the most recent annual period showed negative earnings growth. Forecasts for annual earnings and revenue growth (5.71% and 0.5% respectively) now lag well behind the broader Swedish market. Investors may see a positive in HEXPOL’s favorable 14.3x P/E relative to peers, but weaker...
OM:HEXA B
OM:HEXA BElectronic

Hexagon (OM:HEXA B) Margin Expansion Reinforces Bullish Narratives Despite Premium Valuation

Hexagon (OM:HEXA B) reported earnings growth of 10% over the past year, with a five-year average growth rate of 7.5% per year. Looking ahead, forecasts call for annual earnings growth of 14.5% and revenue growth of 6.2%, both outpacing the broader Swedish market. Margin expansion and consistent performance may attract growth-focused investors. Some investors, however, may hesitate due to Hexagon’s premium price-to-earnings ratio of 31.5x and share price trading above estimated fair value. See...
OM:ALLIGO B
OM:ALLIGO BTrade Distributors

Alligo (OM:ALLIGO B) Margin Slide Challenges Bull Case Despite Strong Growth Forecasts

Alligo (OM:ALLIGO B) reported earnings growth of 9.9% per year over the past five years. Most recently, its net profit margin slid to 2.4% from 4.4% last year, signaling a clear margin contraction. Looking ahead, annual earnings are forecast to jump 37.1%, outpacing the Swedish market average of 12.6%, with revenue also expected to grow 5.1% per year. With shares recently trading at SEK121.8, investors are weighing strong growth forecasts against ongoing pressure on profitability and...
OM:SDIP B
OM:SDIP BCommercial Services

Sdiptech (OM:SDIP B) Margin Decline Challenges Bullish Narratives Despite Strong Growth Forecasts

Sdiptech (OM:SDIP B) posted headline numbers that highlight its growth trajectory, with revenue forecast to rise 6.3% per year, outpacing the Swedish market’s 3.9% growth rate. The company’s EPS is projected to expand an impressive 43.3% annually, compared to the local industry’s 12.6%. For investors, this combination of rapid earnings forecasts and a share price currently trading at SEK 207, well below the fair value estimate of SEK 448.76, suggests potential opportunity despite some margin...
OM:LAGR B
OM:LAGR BElectronic

Lagercrantz Group (OM:LAGR B) Margin Expansion Reinforces Bull Thesis, Raises Valuation Debate

Lagercrantz Group (OM:LAGR B) posted a net profit margin of 11%, edging above last year’s 10.7%, with annual earnings growth forecast at 12.4% and revenue expected to climb 13.5% per year. That revenue outlook more than triples the Swedish market’s anticipated 3.9% annual growth, highlighting continued business momentum. Investors will note that while the company boasts consistently high-quality earnings and a five-year earnings growth average of 21.3%, the shares currently trade at a steep...
OM:HTRO
OM:HTROElectrical

Hexatronic Group (OM:HTRO) Margin Miss Challenges Bullish Narratives Despite Strong Long-Term Growth Forecast

Hexatronic Group (OM:HTRO) is forecasting earnings growth of 17.8% per year, well ahead of the Swedish market average at 12.6%. Revenue is projected to grow 4.2% annually, edging out the local market’s 3.9%, but the company’s net profit margin slipped to 4.7% from 6.8% last year and recent earnings growth has turned negative. This follows a strong 18.3% annualized pace over the previous five years. See our full analysis for Hexatronic Group. Next, let’s see how the latest results compare to...
OM:STEF B
OM:STEF BReal Estate

Stendörren Fastigheter (OM:STEF B) Profit Surge Driven by SEK232m One-Off Gain Challenges Earnings Quality Narrative

Stendörren Fastigheter (OM:STEF B) has turned the corner to profitability, with earnings declining by 35.7% per year over the past five years, but there has been a notable shift to a positive net profit margin in the most recent period. The latest results were significantly shaped by a SEK232.0 million one-off gain, which makes it trickier to assess the company’s true ongoing earnings power. Looking forward, analysts are projecting annual EPS growth of 24.01% and expect revenue to rise 8.3%...
OM:LIAB
OM:LIABBuilding

Lindab (OM:LIAB) One-Off SEK 278m Loss Reinforces Concerns Over Dividend and Margin Recovery Narratives

Lindab International (OM:LIAB) reported net profit margins of 2.3% for the latest period, down considerably from 5.8% a year ago. Over the last five years, earnings have declined by 7.7% annually, and the past twelve months were further impacted by a one-off SEK 278 million loss. Looking forward, investors are eyeing forecasted revenue growth of 4.8% and a sharp rebound in EPS, with projections showing annual gains of 24.8%, all set against a premium valuation multiple. See our full analysis...
OM:KNOW
OM:KNOWIT

Knowit (OM:KNOW) Net Margin Falls to 1.3%, Testing Bullish Profit Growth Narratives

Knowit (OM:KNOW) has seen its earnings decline at an average rate of 14.8% per year for the past five years, with net profit margin slipping to 1.3% from 2.7% a year ago. Despite this downward trend in profitability, analysts are forecasting a major turn and project annual earnings growth of 31.2% for the next several years, well ahead of the Swedish market average of 12.6%. Revenue is also set for moderate growth, with expectations of a 4% annual increase just above the market rate. This...
OM:LIFCO B
OM:LIFCO BIndustrials

Lifco (OM:LIFCO B): Margin Dip Challenges Premium Valuation Narrative Despite 5.9% Earnings Growth

Lifco (OM:LIFCO B) reported earnings growth of 5.9% over the past year, which is lower than its five-year average of 14.4% per year. Looking ahead, analysts forecast annual earnings growth of 16.1% and revenue growth of 11.7% per year. This outpaces the Swedish market’s expected 3.9% annual revenue growth. Net profit margins of 12.5% were slightly below last year's 12.9%, with valuation levels remaining a focal point for investors given the company’s higher P/E ratio and premium trading...
OM:PACT
OM:PACTIT

Proact IT Group (OM:PACT) Margin Decline Reinforces Investor Focus on Dividend Sustainability

Proact IT Group (OM:PACT) posted net profit margins of 3.6% this year, narrowing from 4.8% a year ago. Earnings growth declined over the past year, despite a strong five-year track record of 13.8% average annual earnings growth. Revenue is forecast to grow at 3.6% per year, slightly below the Swedish market average of 3.9%. The company’s earnings are expected to rise by a robust 18.89% per year. Investors are watching the solid longer-term profit momentum and attractive valuation metrics...
OM:DIOS
OM:DIOSReal Estate

Diös Fastigheter (OM:DIOS) Returns to Profit, Margin Rebound Reinforces Bullish Narratives

Diös Fastigheter (OM:DIOS) has staged a notable turnaround, swinging to profitability with earnings now forecast to grow at 18.6% per year after five years of declines averaging 42.4% annually. With margins improving and high-quality earnings flagged, revenue is expected to increase at 3.1% per year, just below the Swedish market's 3.9% forecast. Investors will be watching how these growth projections weigh against valuation concerns and flagged financial risks as the recovery story...
OM:NCAB
OM:NCABElectronic

NCAB Group (OM:NCAB) Margin Drop Tests Growth Narrative as Premium Valuation Faces Scrutiny

NCAB Group (OM:NCAB) delivered 8.6% annual earnings growth over the past five years and recently reported high quality earnings. However, its net profit margin stands at 5.1%, down from 9% last year. The share price currently sits at SEK57.55, above the estimated fair value of SEK55.56. The stock is trading at a Price-to-Earnings Ratio of 58.5x, a notable premium versus peers and the broader European electronics industry. Investors are eyeing the forecasted 27% earnings growth and 6.6% annual...
OM:ATT
OM:ATTHealthcare

Attendo (OM:ATT) Net Margin Rises to 2.9%, Challenging Financial Stability Concerns

Attendo (OM:ATT) reported a net profit margin of 2.9%, a step up from last year’s 2.2%. Earnings grew by 42.8% over the past year, which is below its five-year average annual growth rate of 81.7%. Over the last five years, the company has averaged 81.7% annual earnings growth as it moved into profitability. Looking ahead, annual earnings are forecast to rise 13.05%, which is slightly faster than the Swedish market at 12.6%. While profit and revenue are both expected to continue rising, future...
OM:SCA B
OM:SCA BForestry

SCA (OM:SCA B) One-Off Gain Drives Margin Beat, Raises Questions on Sustainability vs. Market Narratives

Svenska Cellulosa Aktiebolaget (OM:SCA B) posted a net profit margin of 16.5% for the last twelve months to September 2025, up from 15.6% last year, with earnings growth of 15.3% year over year. This marks an end to a trend of five-year average annual declines of 9.8%. Notably, results for the period include a SEK1.8 billion one-off gain, shaping both the profitability profile and future expectations, as earnings and revenue growth projections of 7.3% and 3.5% per year respectively are set to...
OM:IVSO
OM:IVSOAerospace & Defense

Invisio (OM:IVSO): Strong 42.5% Earnings Growth Reinforces Bullish Narratives Despite Premium Valuation

Invisio (OM:IVSO) grew its earnings at an impressive 42.5% annual rate over the past five years and delivered a 4.9% uptick in earnings this year. The company maintains a robust net profit margin of 12.7%, just a touch lower than last year's 12.8%. With forecasts pointing to earnings growth of 43.6% per year and revenue expected to outpace the Swedish market by a wide margin, investors are watching Invisio’s momentum closely. See our full analysis for Invisio. Next up, we are putting these...
OM:BHG
OM:BHGSpecialty Retail

BHG Group (OM:BHG) Losses Worsen 57.6% Yearly, Challenging Turnaround Hopes Despite Growth Forecast

BHG Group (OM:BHG) remains in the red, with annual losses worsening at 57.6% per year over the last five years. In spite of unprofitable results and a lack of past earnings quality, the company is forecast to grow revenue by 6.1% per year, surpassing the Swedish market's expected 3.9% annual growth. Investors might be watching the potential for a profitability turnaround, supported by forecasts for 91.25% per year earnings growth and a share price (SEK28.34) that sits well below the estimated...
OM:DUNI
OM:DUNIConsumer Durables

Duni (OM:DUNI) Non-Recurring SEK144M Loss Challenges Bullish Earnings Quality Narrative

Duni (OM:DUNI) saw profit margins decline from 4.9% a year ago to 2.9% for the period ending 30th September, 2025. A significant, non-recurring loss of SEK144.0 million weighed on the bottom line and led to a reversal in its five-year average earnings growth rate of 35.7%. This resulted in recent growth turning negative. Investors are now watching how the hit to reported earnings and compressed profitability will shape valuation perspectives in the months ahead. See our full analysis for...
OM:TREL B
OM:TREL BMachinery

Trelleborg (OM:TREL B) Net Margin Slides to 10.5%, Testing Bullish Earnings Growth Narrative

Trelleborg (OM:TREL B) posted current net profit margins of 10.5%, just shy of last year’s 10.8%, capping a consistent five-year stretch of annual earnings growth at 14.2%. Looking ahead, analysts forecast earnings to climb another 12.26% per year with revenue growth expected to land at 3.4% per year, slightly lagging the Swedish market average of 3.9%. For investors, strong historic and projected earnings growth provides a bright spot, even as margins have eased and sales growth looks more...
OM:ANOD B
OM:ANOD BIT

Addnode Group (OM:ANOD B): Earnings Growth Accelerates, Reinforcing Bullish Profitability Narratives

Addnode Group (OM:ANOD B) has delivered standout earnings growth, with profits rising 16.8% per year over the past five years and accelerating to 33.7% growth in the most recent year. Net profit margins improved to 6.7%, up from 3.8% the prior year, and forecasts show revenue expanding by 7.4% per year, outpacing the broader Swedish market’s 3.9% rate. With EPS expected to rise by 18.8% annually, easily beating the market average of 12.6%, investors are watching these quality metrics closely...
OM:MTRS
OM:MTRSBuilding

Munters Group (OM:MTRS) Margin Miss Tests Bullish Narratives Despite Strong Earnings Growth Outlook

Munters Group (OM:MTRS) has seen earnings grow at an impressive 17.2% per year over the last five years, though current net profit margins have slipped to 5% from 6.2% a year ago. The outlook remains bright, with earnings forecast to climb 25.3% annually. This rate outpaces both the Swedish market and Munters’ own projected revenue growth of 10.6%. The combination of robust forecasted growth, healthy margins, and a stock trading just shy of estimated fair value highlights the focus on...
OM:HUM
OM:HUMHealthcare

Humana (OM:HUM) Net Profit Margin Improves, Challenging Past Bearish Narratives

Humana (OM:HUM) turned in a net profit margin of 2%, marking an improvement from last year’s 1.1%. EPS growth soared by 93.6% over the past year, reversing a five-year average decline of 12.2% per year. With forecasted earnings growth of 12.8% annually and shares trading at a price-to-earnings ratio of just 10.8x, which is notably below its peer and industry averages, the company’s recent momentum and attractive valuation are grabbing investor attention. See our full analysis for Humana. Now,...