High Growth Tech Stocks in Sweden for October 2024

Amidst global market fluctuations driven by geopolitical tensions and economic indicators, the European markets, including Sweden, have been impacted by cautious investor sentiment and potential interest rate changes. In this environment, identifying high-growth tech stocks requires a focus on companies with robust innovation capabilities and resilience to external pressures.

Top 10 High Growth Tech Companies In Sweden

Name	Revenue Growth	Earnings Growth	Growth Rating
Truecaller	20.32%	21.61%	★★★★★★
Xbrane Biopharma	53.90%	118.02%	★★★★★★
Scandion Oncology	40.71%	75.34%	★★★★★★
Bonesupport Holding	33.76%	31.20%	★★★★★★
Hemnet Group	20.12%	25.41%	★★★★★★
Skolon	32.63%	122.14%	★★★★★★
BioArctic	42.38%	98.40%	★★★★★★
Biovica International	81.67%	78.55%	★★★★★★
KebNi	34.75%	86.11%	★★★★★★
Yubico	20.52%	42.35%	★★★★★★

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

We'll examine a selection from our screener results.

Embracer Group (OM:EMBRAC B)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Embracer Group AB (publ) is a global company that develops and publishes PC, console, mobile, VR, and board games, with a market cap of approximately SEK39.16 billion.

Operations: The company generates revenue primarily from PC/console games, tabletop games, mobile games, and entertainment & services. The largest revenue segment is tabletop games at SEK14.65 billion, followed by PC/console games at SEK13.10 billion.

Embracer Group, navigating through a challenging fiscal period with a reported net loss of SEK 2.18 billion, contrasts starkly against its previous year's net income of SEK 2.25 billion. Despite this downturn, the company's strategic maneuvers including securing a new EUR 600 million credit facility signal robust efforts to stabilize its financial footing and reduce costs. Noteworthy is Embracer's projected revenue growth at 3.2% annually, outpacing the Swedish market average of 1.4%, alongside an ambitious earnings forecast aiming for a 104.4% increase per year over the next three years. These figures underscore Embracer’s potential resilience and adaptability in Sweden’s tech landscape, despite current profitability challenges.

• Dive into the specifics of Embracer Group here with our thorough health report.

• Assess Embracer Group's past performance with our detailed historical performance reports.

Telefonaktiebolaget LM Ericsson (OM:ERIC B)

Simply Wall St Growth Rating: ★★★★★☆

Overview: Telefonaktiebolaget LM Ericsson (publ) offers mobile connectivity solutions for telecom operators and enterprise customers across multiple regions, with a market cap of approximately SEK258.04 billion.

Operations: Ericsson generates revenue primarily from its Networks segment, which accounts for SEK157.93 billion, followed by Cloud Software and Services at SEK63.35 billion, and Enterprise at SEK25.83 billion. The company serves telecom operators and enterprise customers across various global regions including North America, Europe, Asia, and more.

Ericsson, amidst a transformative period, is set to capitalize on strategic alliances and client growth, particularly in emerging 5G technologies. Recent collaborations with entities like Sivers Semiconductors and Viettel underscore Ericsson’s pivotal role in advancing global 5G infrastructure. With R&D expenses marked at significant figures, the firm is poised for notable advancements; its earnings are projected to surge by 102.74% annually. Furthermore, a modest revenue growth forecast of 2.5% per year suggests a focused strategy on quality over quantity in market expansion, aligning with broader industry trends towards efficient and high-capacity network solutions.

• Get an in-depth perspective on Telefonaktiebolaget LM Ericsson's performance by reading our health report here.

• Evaluate Telefonaktiebolaget LM Ericsson's historical performance by accessing our past performance report.

Yubico (OM:YUBICO)

Simply Wall St Growth Rating: ★★★★★★

Overview: Yubico AB offers authentication solutions designed for computers, networks, and online services, with a market cap of SEK23.16 billion.

Operations: The company generates revenue primarily from its Security Software & Services segment, amounting to SEK2.09 billion.

Yubico, a Swedish tech innovator, stands out with its robust growth in revenue and earnings, projected at 20.5% and 42.3% per year respectively, surpassing the Swedish market averages significantly. Recent strategic moves include PKO Bank Polski adopting Yubico's YubiKeys for secure e-banking logins, highlighting its pivotal role in enhancing cybersecurity globally. Despite challenges like a one-off loss of SEK 87.2M impacting financials and a volatile share price, Yubico's commitment to R&D with substantial annual investments positions it as a key player in driving future tech advancements in security solutions.

• Unlock comprehensive insights into our analysis of Yubico stock in this health report.

• Explore historical data to track Yubico's performance over time in our Past section.

Taking Advantage

• Click this link to deep-dive into the 80 companies within our Swedish High Growth Tech and AI Stocks screener.
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Curious About Other Options?

• 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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