Sweden's tech market has shown resilience and potential for high growth, particularly as global markets rebound from recent sell-offs and the European Central Bank cuts rates to stimulate economic activity. In this context, identifying promising tech stocks involves looking at companies that not only innovate but also adapt well to shifting market dynamics and economic indicators.
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% | ★★★★★★ |
We're going to check out a few of the best picks from our screener tool.
Fortnox (OM:FNOX)
Simply Wall St Growth Rating: ★★★★★★
Overview: Fortnox AB (publ) offers a range of financial and administrative products, packages, and integrations tailored for small and medium-sized businesses, accounting firms, and organizations with a market cap of SEK38.49 billion.
Operations: The company generates revenue primarily from core products (SEK734 million), businesses (SEK378 million), accounting firms (SEK352 million), financial services (SEK249 million), and marketplaces (SEK160 million). The market cap stands at SEK38.49 billion.
Fortnox's revenue is forecast to grow at 20.2% annually, significantly outpacing the Swedish market's 1% growth rate. The company's earnings are expected to increase by 22.6% per year, reflecting robust performance compared to the market's 15.2%. In the past year, Fortnox saw its earnings surge by 48.1%, surpassing the software industry's average of 14.5%. Recent reports show a strong second quarter with SEK 521 million in revenue and SEK 164 million in net income, highlighting its solid financial footing and promising future prospects in SaaS models ensuring recurring revenue from subscriptions.
- Click here and access our complete health analysis report to understand the dynamics of Fortnox.
Gain insights into Fortnox's historical performance by reviewing our past performance report.
Swedish Orphan Biovitrum (OM:SOBI)
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Swedish Orphan Biovitrum AB (publ) is an integrated biotechnology company that researches, develops, manufactures, and sells pharmaceuticals in haematology, immunology, and specialty care across Europe, North America, the Middle East, Asia, and Australia with a market cap of SEK113.92 billion.
Operations: Swedish Orphan Biovitrum AB (publ) generates revenue primarily from its haematology segment (SEK 15.07 billion), followed by immunology (SEK 7.49 billion) and specialty care (SEK 1.15 billion). The company's diverse product portfolio spans multiple therapeutic areas and regions, contributing to its substantial market presence.
Swedish Orphan Biovitrum (SOBI) is experiencing robust growth, with earnings forecasted to rise 25.8% annually, outpacing the Swedish market's 15.2%. Recent results showed a revenue increase to SEK 5.44 billion for Q2 2024 from SEK 4.87 billion in the previous year, reflecting strong performance despite a net profit margin of 9%, down from last year's 15.5%. Significant investments in R&D are evident, with expenditures contributing to innovative treatments like pegcetacoplan and ALTUVOCT®, positioning SOBI well within the biotech sector's evolving landscape.
- Click here to discover the nuances of Swedish Orphan Biovitrum with our detailed analytical health report.
Understand Swedish Orphan Biovitrum's track record by examining our Past report.
Yubico (OM:YUBICO)
Simply Wall St Growth Rating: ★★★★★★
Overview: Yubico AB provides authentication solutions for use in computers, networks, and online services, with a market cap of SEK19.25 billion.
Operations: Yubico AB generates revenue primarily through its Security Software & Services segment, which accounted for SEK 2.09 billion. The company's focus on authentication solutions targets computers, networks, and online services.
Yubico's revenue surged 36.3% year-over-year to SEK 614.4 million in Q2 2024, with net income rising by 37.8% to SEK 103.6 million, reflecting strong demand for its security solutions like the YubiKey Secure Web feature adopted by the U.S. Air Force. Despite a notable one-off loss of SEK 87.2 million impacting recent financials, R&D expenses have been pivotal, contributing to innovative products and accounting for a significant portion of their budget—highlighting their commitment to cutting-edge technology development.
- 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.
Key Takeaways
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Contemplating Other Strategies?
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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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About OM:YUBICO
Yubico
Provides authentication solutions for use in computers, networks, and online services.
Flawless balance sheet with high growth potential.
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