Exploring High Growth Tech Stocks In Sweden October 2024

As global markets react to China's robust stimulus measures and the European STOXX 600 Index sees a rebound, Sweden's tech sector is navigating an environment shaped by recent interest rate cuts from the Riksbank. In this context, identifying high growth tech stocks involves looking for companies that can leverage favorable macroeconomic conditions, such as supportive monetary policies and increased global demand for technology innovations.

Top 10 High Growth Tech Companies In Sweden

Name	Revenue Growth	Earnings Growth	Growth Rating
Truecaller	20.32%	21.61%	★★★★★★
Fortnox	20.04%	22.24%	★★★★★★
Bonesupport Holding	33.76%	31.20%	★★★★★★
Xbrane Biopharma	53.90%	118.02%	★★★★★★
Scandion Oncology	40.71%	75.34%	★★★★★★
Hemnet Group	20.12%	25.41%	★★★★★★
Skolon	32.63%	122.14%	★★★★★★
BioArctic	42.38%	98.40%	★★★★★★
Yubico	20.52%	42.35%	★★★★★★
KebNi	34.75%	86.11%	★★★★★★

Click here to see the full list of 80 stocks from our Swedish High Growth Tech and AI Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Hemnet Group (OM:HEM)

Simply Wall St Growth Rating: ★★★★★★

Overview: Hemnet Group AB (publ) operates a residential property platform in Sweden with a market cap of approximately SEK35.87 billion.

Operations: The company generates revenue primarily from its Internet Information Providers segment, amounting to approximately SEK1.21 billion.

Hemnet Group, Sweden's largest property platform, is navigating a significant leadership transition with CEO Cecilia Beck-Friis planning to step down by July 2025. Amidst this change, the company has demonstrated robust financial health, with a notable 47% earnings growth over the past year outpacing its industry's 12.1%. This growth trajectory is underscored by aggressive share repurchases totaling SEK 450.41 million in the past year and an optimistic revenue forecast growing at 20.1% annually—well above Sweden’s average. These maneuvers reflect Hemnet’s proactive strategy in bolstering its market position while enhancing shareholder value amidst evolving executive dynamics.

• Click here to discover the nuances of Hemnet Group with our detailed analytical health report.

• Review our historical performance report to gain insights into Hemnet Group's's past performance.

Paradox Interactive (OM:PDX)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Paradox Interactive AB (publ) is a company that develops and publishes strategy and management games for PC and consoles across various global regions, with a market cap of approximately SEK19.36 billion.

Operations: The company generates revenue primarily from the development and publishing of strategy and management games, with its computer graphics segment contributing SEK2.48 billion. Its operations span North and Latin America, Europe, the Middle East, Africa, and the Asia Pacific regions.

Paradox Interactive, a beacon in Sweden's tech landscape, is gearing up for robust growth with its strategic focus on immersive game expansions like the recently announced "Grand Archive" for Stellaris. This move not only enriches its product portfolio but also taps into recurring revenue through an expansion subscription model—a savvy pivot mirroring broader industry trends towards SaaS frameworks. Financially, the firm is poised for significant strides with anticipated earnings growth of 40.2% annually, although current R&D expenditures have surged to bolster these innovative offerings, reflecting a calculated reinvestment of 8.8% of its revenue back into development. These figures underscore Paradox's commitment to maintaining its competitive edge and enhancing player engagement through continuous innovation.

• Click to explore a detailed breakdown of our findings in Paradox Interactive's health report.

• Examine Paradox Interactive's past performance report to understand how it has performed in the past.

Sectra (OM:SECT B)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Sectra AB (publ) is a company that offers solutions in the medical IT and cybersecurity sectors across Sweden, the United Kingdom, the Netherlands, and other parts of Europe, with a market capitalization of SEK54.60 billion.

Operations: The company's primary revenue streams are from Imaging IT Solutions, generating SEK2.67 billion, and Secure Communications, contributing SEK388.55 million.

Sectra, amidst Sweden's bustling tech scene, is demonstrating substantial growth dynamics, particularly in its healthcare-focused software solutions. With a notable 17% earnings growth over the past year outpacing the broader Healthcare Services industry's 1.7%, Sectra is leveraging its niche to expand further. This upward trajectory is supported by robust R&D investments which are crucial for sustaining innovation and competitiveness; currently, R&D expenses account for a significant portion of revenue at 8.8%. Looking ahead, Sectra’s strategic emphasis on enhancing medical imaging technologies and cybersecurity within healthcare promises continued relevance and potential market expansion, supported by an anticipated annual earnings growth of 21.2%.

• Delve into the full analysis health report here for a deeper understanding of Sectra.

• Gain insights into Sectra's historical performance by reviewing our past performance report.

Taking Advantage

• Click this link to deep-dive into the 80 companies within our Swedish High Growth Tech and AI Stocks screener.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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