High Growth Tech Stocks In Sweden To Watch
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As global markets celebrate the prospect of upcoming interest rate cuts, small-cap stocks have been outperforming their larger counterparts, signaling a renewed investor confidence. In Sweden, this optimism is mirrored by the Riksbank's recent decision to reduce borrowing costs, creating a favorable environment for high-growth tech companies. When evaluating potential investments in this sector, it's essential to consider factors such as innovation potential and market adaptability—qualities that can thrive under current economic 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% | ★★★★★★ |
| Bonesupport Holding | 33.76% | 31.20% | ★★★★★★ |
| Xbrane Biopharma | 58.82% | 99.79% | ★★★★★★ |
| BioArctic | 39.57% | 102.80% | ★★★★★★ |
| Yubico | 22.52% | 43.69% | ★★★★★★ |
| Hemnet Group | 20.13% | 25.41% | ★★★★★★ |
| Skolon | 31.76% | 121.72% | ★★★★★★ |
| Sileon | 40.13% | 109.34% | ★★★★★★ |
| KebNi | 34.75% | 86.11% | ★★★★★★ |
Below we spotlight a couple of our favorites from our exclusive screener.
Hanza
Simply Wall St Growth Rating: ★★★★☆☆
Overview: Hanza AB (publ) offers comprehensive manufacturing solutions and has a market cap of SEK2.74 billion.
Operations: The company generates revenue primarily from its Main Markets (SEK2.70 billion) and Other Markets (SEK1.83 billion), with a minor contribution from Business Development and Services (SEK19 million). Segment Adjustment accounts for a reduction of SEK66 million.
HANZA's recent strategic manufacturing agreement with a German company aims to streamline supply chains and consolidate parts production, enhancing efficiency and flexibility. Despite a 26.1% earnings drop last year, revenue is expected to grow 10.1% annually, outpacing the Swedish market's 1.1%. R&D expenses have been pivotal in driving innovation, with an anticipated earnings growth of 29.7% per year over the next three years. Net profit margins fell from 4.6% to 3%, highlighting cost challenges amidst expansion efforts.
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Get an in-depth perspective on Hanza's performance by reading our health report here.
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Examine Hanza's past performance report to understand how it has performed in the past.
Lime Technologies
Simply Wall St Growth Rating: ★★★★★☆
Overview: Lime Technologies AB (publ) offers SaaS-based CRM solutions in the Nordic region and has a market cap of SEK 4.67 billion.
Operations: The company generates revenue primarily through selling and implementing CRM software, amounting to SEK 631.84 million. The focus is on providing SaaS-based solutions within the Nordic region.