As the European Central Bank cuts rates again amid signs of weakening economic growth and slowing inflation in the eurozone, investors are keenly watching how these macroeconomic shifts impact high-growth sectors like technology. In this context, identifying promising tech stocks involves looking for companies with strong fundamentals, innovative products, and resilience to broader market fluctuations.
Top 10 High Growth Tech Companies In Sweden
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Truecaller | 20.32% | 21.61% | ★★★★★★ |
| Fortnox | 20.18% | 22.60% | ★★★★★★ |
| Xbrane Biopharma | 53.90% | 118.02% | ★★★★★★ |
| Yubico | 20.52% | 42.35% | ★★★★★★ |
| Bonesupport Holding | 33.76% | 31.20% | ★★★★★★ |
| Scandion Oncology | 40.71% | 75.34% | ★★★★★★ |
| Hemnet Group | 20.13% | 25.41% | ★★★★★★ |
| Skolon | 31.76% | 121.72% | ★★★★★★ |
| BioArctic | 42.38% | 98.40% | ★★★★★★ |
| KebNi | 34.75% | 86.11% | ★★★★★★ |
Below we spotlight a couple of our favorites from our exclusive screener.
Fortnox (OM:FNOX)
Simply Wall St Growth Rating: ★★★★★★
Overview: Fortnox AB (publ) offers a range of products, packages, and integrations for financial and administrative applications targeting small and medium-sized businesses, accounting firms, and organizations with a market cap of SEK38.49 billion.
Operations: The company generates revenue primarily through its Core Products (SEK734 million), followed by Businesses (SEK378 million) and Accounting Firms (SEK352 million). Additional revenue streams include Marketplaces (SEK160 million) and Financial Services (SEK249 million).
Fortnox's revenue growth, projected at 20.2% annually, significantly outpaces the Swedish market's 1%. In the past year, earnings surged by 48.1%, far exceeding the software industry's 14.5%. R&D expenses have been a focal point, reflecting SEK 82 million in recent reports, underscoring its commitment to innovation. The company's net income for Q2 was SEK 164 million compared to SEK 127 million last year, highlighting robust financial health and promising future prospects in Sweden’s high-growth tech landscape.
- Click to explore a detailed breakdown of our findings in Fortnox's health report.
Explore historical data to track Fortnox's performance over time in our Past section.
Sectra (OM:SECT B)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Sectra AB (publ) offers solutions for medical IT and cybersecurity sectors across Sweden, the United Kingdom, the Netherlands, and other parts of Europe, with a market cap of SEK51.63 billion.
Operations: Sectra AB (publ) generates revenue primarily through its Imaging IT Solutions segment, which accounts for SEK2.67 billion, and its Secure Communications segment, contributing SEK388.55 million. The company also engages in Business Innovation with revenues of SEK90.77 million.
Sectra's recent earnings report highlights a 22.47% increase in sales to SEK 736.75 million, with net income rising by 30.6% to SEK 80.4 million, showcasing robust financial health. The company's R&D expenses reflect its commitment to innovation, particularly in the healthcare sector; these efforts are evident as two Belgian hospitals have successfully transitioned to Sectra One Cloud, enhancing operational efficiency and collaboration through Microsoft Azure-based services. With revenue expected to grow at an annual rate of 14.2%, Sectra demonstrates promising prospects within Sweden’s high-growth tech landscape.
- Delve into the full analysis health report here for a deeper understanding of Sectra.
Review our historical performance report to gain insights into Sectra's's past performance.
Swedish Orphan Biovitrum (OM:SOBI)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Swedish Orphan Biovitrum AB (publ) is an integrated biotechnology company focused on researching, developing, manufacturing, and selling pharmaceuticals in haematology, immunology, and specialty care across Europe, North America, the Middle East, Asia, and Australia with a market cap of SEK113.72 billion.
Operations: Swedish Orphan Biovitrum AB (publ) generates revenue primarily from its Hematology segment (SEK15.07 billion), followed by Immunology (SEK7.49 billion) and Specialty Care (SEK1.15 billion). The company operates across Europe, North America, the Middle East, Asia, and Australia.
Swedish Orphan Biovitrum (Sobi) is poised for significant growth with its earnings forecasted to increase by 25.8% annually, outpacing the Swedish market's 15.3%. Despite a recent dip in profit margins from 15.5% to 9%, Sobi's revenue is expected to grow at a steady rate of 9.4% per year, well above the market average of 1%. Their commitment to innovation is evident with R&D expenses reflecting substantial investment in new therapies, such as pegcetacoplan for rare kidney diseases and ALTUVOCT for haemophilia A, both showing promising clinical results and potential market impact.
- Dive into the specifics of Swedish Orphan Biovitrum here with our thorough health report.
Understand Swedish Orphan Biovitrum's track record by examining our Past report.
Seize The Opportunity
- Click through to start exploring the rest of the 77 Swedish High Growth Tech and AI Stocks now.
- Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
- Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.
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.
New: AI Stock Screener & Alerts
Our new AI Stock Screener scans the market every day to uncover opportunities.
• Dividend Powerhouses (3%+ Yield)
• Undervalued Small Caps with Insider Buying
• High growth Tech and AI Companies
Or build your own from over 50 metrics.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About OM:FNOX
Fortnox
Provides products, packages, and integrations for financial and administration applications in small and medium sized businesses, accounting firms, and organizations.
Outstanding track record with flawless balance sheet.
