MilDef Group Ownership

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

Recent Insider Transactions

BATS-CHIXE:MILDES Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
12 Aug 25	BuySEK 130,102	Magnus Hagman	Individual	825	SEK 157.70
12 May 25	BuySEK 23,256	Charlotte Darth	Individual	102	SEK 228.00
02 May 25	SellSEK 39,032,640	Jan Andersson	Individual	150,000	SEK 260.22
12 Mar 25	SellSEK 2,109,000	Olof Engvall	Individual	9,500	SEK 222.00
12 Mar 25	SellSEK 33,319,705	Fredrik Persson	Individual	149,600	SEK 222.73

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MILDES?
Owner Type	Number of Shares	Ownership Percentage
Public Companies	2,349,060	4.99%
Individual Insiders	6,474,226	13.7%
Institutions	11,781,137	25%
General Public	26,490,472	56.2%

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

Top Shareholders

Top 25 shareholders own 52.47% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.12%	Marianne Trolle	2,412,752	SEK 362.9m	0%	no data
5.09%	Andra AP-fonden	2,397,780	SEK 360.6m	4.26%	0.39%
5%	Swedbank Robur Fonder AB	2,353,592	SEK 354.0m	0%	0.02%
4.99%	Mildef Crete Inc.	2,349,060	SEK 353.3m	-19.4%	no data
4.79%	Svolder AB (publ)	2,257,128	SEK 339.5m	0%	6.25%
3.53%	Carnegie Fonder AB	1,664,115	SEK 250.3m	0%	0.51%
2.81%	Tredje AP-fonden	1,322,626	SEK 198.9m	0%	0.14%
2.63%	DNCA Finance	1,238,646	SEK 186.3m	0%	0.22%
2.26%	Deka Investment GmbH	1,064,700	SEK 160.1m	0%	0.01%
2.12%	Daniel Ljunggren	1,000,000	SEK 150.4m	0%	no data
2.09%	Adam Mentel	982,421	SEK 147.8m	0%	no data
1.89%	Bjorn Karlsson	890,821	SEK 134.0m	0%	no data
1.69%	T. Rowe Price Group, Inc.	796,422	SEK 119.8m	0%	no data
1.48%	BlackRock, Inc.	696,132	SEK 104.7m	19.3%	no data
1.06%	Jan Andersson	500,000	SEK 75.2m	0%	no data
0.91%	Chelverton Asset Management Limited	430,000	SEK 64.7m	0%	0.62%
0.91%	GWL Investment Management Ltd.	426,292	SEK 64.1m	17.8%	0.01%
0.85%	Fredrik Jacobsson	400,000	SEK 60.2m	0%	no data
0.66%	J.Chahine Advisory SA	311,805	SEK 46.9m	0%	0.97%
0.53%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	250,538	SEK 37.7m	-31.5%	no data
0.53%	Federated Hermes, Inc.	249,853	SEK 37.6m	47.9%	0.01%
0.53%	Fredrik Persson	249,600	SEK 37.5m	0%	no data
0.43%	Fondita Rahastoyhtio AB	200,887	SEK 30.2m	0%	0.63%
0.35%	Joh. Berenberg, Gossler & Co. KG	165,554	SEK 24.9m	0%	0.11%
0.22%	Rainier Investment Management, LLC	101,723	SEK 15.3m	-5.85%	0.2%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/02/09 00:23
End of Day Share Price	2026/02/09 00:00
Earnings	2025/12/31
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

MilDef Group AB (publ) is covered by 4 analysts. 4 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
Mads Brinkmann Andersen	Berenberg
Daniel Lindkvist	Danske Bank
Hugo Lisjo	DNB Carnegie Commissioned Research