IAR Systems Group Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:NC91 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Oct 24	Buy€257,496	Tequity Management AB	Company	25,000	€10.30
24 Oct 24	Buy€32,007	Michael Ingelog	Individual	3,000	€10.85
24 Oct 24	Buy€35,555	Nicolas Hassbjer	Individual	3,300	€10.81
24 Oct 24	Buy€53,600	Cecilia Wachtmeister	Individual	5,000	€10.72
19 Aug 24	Buy€29,261	Cecilia Wachtmeister	Individual	2,000	€14.63
05 Apr 24	Buy€21,206	Richard Lind	Individual	1,790	€11.85

Insider Trading Volume

Insider Buying: NC91 insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NC91?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	418,142	3.18%
Private Companies	791,814	6.02%
Hedge Funds	1,326,869	10.1%
General Public	2,339,566	17.8%
Institutions	8,267,538	62.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 81.66% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
10.1%	Alcur Fonder AB	1,326,869	€13.0m	0%	43.97%
9.86%	Andra AP-fonden	1,295,415	€12.7m	0%	0.08%
9.85%	Avanza Fonder AB	1,294,962	€12.7m	0%	0.19%
6.54%	Aktia Kapitalforvaltning Ab	859,758	€8.4m	0%	0.58%
5.23%	Tredje AP-fonden	687,132	€6.7m	0%	0.03%
4.49%	Fourth Swedish National Pension Fund (AP4)	590,000	€5.8m	0%	0.03%
4.42%	Arbejdsmarkedets Tillægspension (Atp)	580,320	€5.7m	0%	0.44%
4.18%	Highclere International Investors LLP	549,806	€5.4m	0%	0.93%
3.8%	Ribbskottet AB	500,000	€4.9m	0%	no data
3.25%	Aktia Fund Management Company Ltd	427,479	€4.2m	0%	1.9%
2.56%	Deka Investment GmbH	336,369	€3.3m	0%	no data
2.51%	Nicolas Hassbjer	330,114	€3.2m	1.01%	no data
2.25%	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	295,300	€2.9m	0%	no data
2.22%	Tequity Management AB	291,814	€2.9m	0%	no data
2.21%	Schroder Investment Management Limited	290,000	€2.8m	0%	no data
1.93%	Fondita Rahastoyhtio AB	254,210	€2.5m	0%	0.58%
1.83%	SEB Investment Management AB	240,809	€2.4m	0%	0.01%
1.23%	Sp-Rahastoyhtiö Oy	162,010	€1.6m	0%	0.07%
1.07%	AXA Investment Managers S.A.	140,000	€1.4m	0%	no data
0.61%	Handelsbanken Asset Management	80,435	€790.2k	0%	no data
0.43%	Storebrand Fonder AB,	56,467	€554.7k	0%	no data
0.33%	DNB Asset Management AS	43,716	€429.4k	0%	no data
0.28%	FCG Fonder AB	37,171	€365.1k	0%	0.05%
0.27%	Fred Wikström	35,400	€347.8k	0%	no data
0.21%	Skandia Fonder AB	27,376	€268.9k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 13:00
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

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 here.

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 .

Analyst Sources

IAR Systems Group AB (publ) is covered by 3 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Viktor Högberg	Danske Bank
Joachim Gunell	DNB Markets
Erik Haeggstrom	Pareto Securities