Exploring High Growth Tech Stocks In Sweden October 2024

In This Article:

As global markets react to China's robust stimulus measures and the European STOXX 600 Index sees a rebound, Sweden's tech sector is navigating an environment shaped by recent interest rate cuts from the Riksbank. In this context, identifying high growth tech stocks involves looking for companies that can leverage favorable macroeconomic conditions, such as supportive monetary policies and increased global demand for technology innovations.

Top 10 High Growth Tech Companies In Sweden

Name

Revenue Growth

Earnings Growth

Growth Rating

Truecaller

20.32%

21.61%

★★★★★★

Fortnox

20.04%

22.24%

★★★★★★

Bonesupport Holding

33.76%

31.20%

★★★★★★

Xbrane Biopharma

53.90%

118.02%

★★★★★★

Scandion Oncology

40.71%

75.34%

★★★★★★

Hemnet Group

20.12%

25.41%

★★★★★★

Skolon

32.63%

122.14%

★★★★★★

BioArctic

42.38%

98.40%

★★★★★★

Yubico

20.52%

42.35%

★★★★★★

KebNi

34.75%

86.11%

★★★★★★

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

We're going to check out a few of the best picks from our screener tool.

Hemnet Group

Simply Wall St Growth Rating: ★★★★★★

Overview: Hemnet Group AB (publ) operates a residential property platform in Sweden with a market cap of approximately SEK35.87 billion.

Operations: The company generates revenue primarily from its Internet Information Providers segment, amounting to approximately SEK1.21 billion.

Hemnet Group, Sweden's largest property platform, is navigating a significant leadership transition with CEO Cecilia Beck-Friis planning to step down by July 2025. Amidst this change, the company has demonstrated robust financial health, with a notable 47% earnings growth over the past year outpacing its industry's 12.1%. This growth trajectory is underscored by aggressive share repurchases totaling SEK 450.41 million in the past year and an optimistic revenue forecast growing at 20.1% annually—well above Sweden’s average. These maneuvers reflect Hemnet’s proactive strategy in bolstering its market position while enhancing shareholder value amidst evolving executive dynamics.

OM:HEM Earnings and Revenue Growth as at Oct 2024
OM:HEM Earnings and Revenue Growth as at Oct 2024

Paradox Interactive

Simply Wall St Growth Rating: ★★★★★☆

Overview: Paradox Interactive AB (publ) is a company that develops and publishes strategy and management games for PC and consoles across various global regions, with a market cap of approximately SEK19.36 billion.

Operations: The company generates revenue primarily from the development and publishing of strategy and management games, with its computer graphics segment contributing SEK2.48 billion. Its operations span North and Latin America, Europe, the Middle East, Africa, and the Asia Pacific regions.