High Growth Tech Stocks In Sweden Including Embracer Group And Two Others

As global markets face economic slowdown concerns and technology shares experience notable declines, the Swedish market presents unique opportunities for investors seeking high-growth tech stocks. In this article, we will explore three standout tech companies in Sweden, including Embracer Group, that have shown resilience and potential amidst these challenging conditions.

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%	★★★★★★
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%	★★★★★★
Yubico	20.43%	42.51%	★★★★★★
KebNi	34.75%	86.11%	★★★★★★

Click here to see the full list of 82 stocks from our Swedish High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Embracer Group (OM:EMBRAC B)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Embracer Group AB (publ), along with its subsidiaries, develops and publishes PC, console, mobile, VR, and board games for the global market; it has a market cap of approximately SEK33.65 billion.

Operations: Embracer Group generates revenue primarily from Tabletop Games (SEK14.65 billion), PC/Console Games (SEK13.10 billion), Mobile Games (SEK5.87 billion), and Entertainment & Services (SEK6.13 billion). The company focuses on a diverse range of gaming platforms, including PC, console, mobile, VR, and board games for a global audience.

Embracer Group's recent earnings report revealed sales of SEK 7.93 billion, a significant drop from SEK 10.45 billion the previous year, alongside a net loss of SEK 2.18 billion compared to a net income of SEK 2.25 billion in the same period last year. Despite these challenges, their R&D expenses have been substantial, contributing to future growth prospects with an expected annual profit growth rate of 106.1%. The company also secured a new EUR 600 million revolving credit facility, improving financial flexibility and reducing interest expenses through better terms and reduced leverage.

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

• Learn about Embracer Group's historical performance.

Fortnox (OM:FNOX)

Simply Wall St Growth Rating: ★★★★★★

Overview: Fortnox AB (publ) offers financial and administrative solutions for small and medium-sized businesses, accounting firms, and organizations, with a market cap of SEK37.39 billion.

Operations: The company generates revenue through various segments, including Businesses (SEK 378 million), Marketplaces (SEK 160 million), Core Products (SEK 734 million), Accounting Firms (SEK 352 million), and Financial Services (SEK 249 million). Key offerings include products, packages, and integrations tailored for financial and administrative applications.

Fortnox reported Q2 2024 sales of SEK 515 million, up from SEK 404 million the previous year, with net income rising to SEK 164 million from SEK 127 million. Their R&D expenses have been instrumental in driving innovation and future growth, with earnings forecasted to grow at an impressive annual rate of 22.6%. The company's revenue is also expected to increase by 20.2% per year, significantly outpacing the Swedish market's growth rate of just 1%.

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

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

Sectra (OM:SECT B)

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Sectra AB (publ) develops solutions for medical IT and cybersecurity sectors across Sweden, the United Kingdom, the Netherlands, and other parts of Europe, with a market cap of SEK50.79 billion.

Operations: Sectra AB (publ) generates revenue primarily from Imaging IT Solutions and Secure Communications, amounting to SEK2.67 billion and SEK388.55 million respectively. The company also has a smaller segment, Business Innovation, contributing SEK90.77 million to its revenue streams.

Sectra's recent performance highlights significant growth, with Q1 2024 sales reaching SEK 736.75 million, up from SEK 601.71 million the previous year. The company's earnings are forecasted to grow at an impressive annual rate of 21.2%, outpacing the Swedish market's average of 15.2%. Their R&D expenses have been pivotal, driving innovation and future growth; revenue is expected to increase by 14.2% annually, faster than the market's modest 1% growth rate. Additionally, Sectra's cloud service implementation in Belgian hospitals underscores their commitment to enhancing healthcare IT solutions globally.

• Click here and access our complete health analysis report to understand the dynamics of Sectra.

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

Make It Happen

• Explore the 82 names from our Swedish High Growth Tech and AI Stocks screener here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Searching for a Fresh Perspective?

• 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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