High Growth Tech Stocks In Sweden Including Embracer Group And Two Others
In This Article:
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% | ★★★★★★ |
Here we highlight a subset of our preferred stocks from the screener.
Embracer Group
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.
Fortnox
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.