Stockholm Nordtech Group (GD2) Stock Overview

A private equity firm specializing in growth capital. More details

GD2 fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 58.7% below our estimate of its fair value

Risk Analysis

Earnings have declined by 27.4% per year over past 5 years

Shares are highly illiquid

Significant insider selling over the past 3 months

GD2 Community Fair Values

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Stockholm Nordtech Group AB Competitors

Price History & Performance

Summary of share price highs, lows and changes for Stockholm Nordtech Group
Historical stock prices
Current Share Price	SEK 5.28
52 Week High	SEK 5.69
52 Week Low	SEK 5.05
Beta	0
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-2.22%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	GD2	DE Software	DE Market
7D	-1.1%	-2.0%	-0.5%
1Y	n/a	-48.0%	-2.1%

Return vs Industry: Insufficient data to determine how GD2 performed against the German Software industry.

Return vs Market: Insufficient data to determine how GD2 performed against the German Market.

Price Volatility

Is GD2's price volatile compared to industry and market?
GD2 volatility
GD2 Average Weekly Movement	n/a
Software Industry Average Movement	7.2%
Market Average Movement	5.5%
10% most volatile stocks in DE Market	12.7%
10% least volatile stocks in DE Market	2.8%

Stable Share Price: GD2's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: Insufficient data to determine GD2's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
2021	400	Nils Bergman	www.nordtechgroup.com

Stockholm Nordtech Group AB is a private equity firm specializing in growth capital. The firm focuses on acquiring and developing niche software companies and supporting their long-term growth and also focuses on small and medium-sized SaaS companies, technology, B2B software companies, vertical markets, business process management, ecommerce, education, financial management, healthcare, hospitality, logistics, manufacturing, requirements management, retail and supplier integration solutions. The firm typically invests in the Nordic region.

Stockholm Nordtech Group AB Fundamentals Summary

How do Stockholm Nordtech Group's earnings and revenue compare to its market cap?
GD2 fundamental statistics
Market cap	€273.01m
Earnings (TTM)	-€6.89m
Revenue (TTM)	€58.01m

4.7x

P/S Ratio

-39.6x

P/E Ratio

Is GD2 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
GD2 income statement (TTM)
Revenue	SEK 640.70m
Cost of Revenue	SEK 301.50m
Gross Profit	SEK 339.20m
Other Expenses	SEK 415.30m
Earnings	-SEK 76.10m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Jul 24, 2026

Earnings per share (EPS)	-1.52
Gross Margin	52.94%
Net Profit Margin	-11.88%
Debt/Equity Ratio	46.8%

How did GD2 perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/09 03:20
End of Day Share Price	2026/07/09 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Stockholm Nordtech Group AB is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.