High Growth Tech Stocks in Sweden to Watch This August 2024
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As global markets show signs of recovery and investor sentiment improves, Sweden's tech sector stands out with promising growth potential. In this context, identifying high-growth tech stocks involves looking for companies that demonstrate strong innovation, robust financial health, and the ability to capitalize on emerging market trends.
Top 10 High Growth Tech Companies In Sweden
| Name | Revenue Growth | Earnings Growth | Growth Rating |
|---|---|---|---|
| Fortnox | 20.18% | 22.60% | ★★★★★★ |
| Bonesupport Holding | 33.76% | 31.20% | ★★★★★★ |
| Xbrane Biopharma | 58.38% | 105.19% | ★★★★★★ |
| Hemnet Group | 20.13% | 25.41% | ★★★★★★ |
| Skolon | 31.76% | 121.72% | ★★★★★★ |
| Yubico | 22.52% | 43.69% | ★★★★★★ |
| Sileon | 40.13% | 109.34% | ★★★★★★ |
| BioArctic | 39.57% | 102.80% | ★★★★★★ |
| KebNi | 34.75% | 86.11% | ★★★★★★ |
| edyoutec | 26.51% | 63.05% | ★★★★★★ |
Here we highlight a subset of our preferred stocks from the screener.
Acast
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Acast AB (publ) is a podcasting company with operations in Europe, North America, and internationally, and has a market cap of SEK3.06 billion.
Operations: Acast AB (publ) generates revenue primarily through podcast advertising and content distribution services. The company operates across Europe, North America, and other international markets.
Acast, a Swedish tech company, is poised for notable growth with its revenue expected to increase by 17.2% annually, outpacing the broader market's 1.1%. Despite being unprofitable now, earnings are projected to surge by 160.3% per year over the next three years. The company's focus on podcasting and audio content positions it well in an expanding industry segment. With significant R&D investments aimed at enhancing its platform capabilities and user experience, Acast demonstrates strong potential for future profitability and market influence.
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Get an in-depth perspective on Acast's performance by reading our health report here.
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Examine Acast's past performance report to understand how it has performed in the past.
HMS Networks
Simply Wall St Growth Rating: ★★★★☆☆
Overview: HMS Networks AB (publ) provides products that enable industrial equipment to communicate and share information worldwide, with a market cap of SEK20.74 billion.
Operations: HMS Networks AB (publ) generates revenue primarily from its Wireless Communications Equipment segment, which accounted for SEK3.01 billion. The company focuses on enabling industrial equipment to communicate and share information globally.
HMS Networks, a Swedish tech firm, is experiencing notable growth with its revenue forecasted to increase by 12.2% annually, surpassing the broader market's 1.1%. Despite a recent dip in net income from SEK 116 million to SEK 34 million for Q2 2024, the company's earnings are expected to grow at an impressive rate of 26.3% per year. Significant R&D investments have been made, amounting to SEK 112 million last year, focusing on enhancing industrial communication solutions which could drive future profitability and market positioning.