High Growth Tech Stocks in Sweden To Watch This August 2024

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The Swedish stock market has been buoyed by the recent rate cuts from the Riksbank, which have injected optimism and activity into various sectors, particularly small-cap stocks. As global markets react to central banks' moves towards easing monetary policies, it's an opportune moment to explore high-growth tech stocks in Sweden that are well-positioned to capitalize on this favorable economic environment.

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%

★★★★★★

Skolon

31.76%

121.72%

★★★★★★

Yubico

22.52%

43.69%

★★★★★★

Sileon

40.13%

109.34%

★★★★★★

BioArctic

39.57%

102.80%

★★★★★★

Hemnet Group

20.13%

25.41%

★★★★★★

KebNi

34.75%

86.11%

★★★★★★

Click here to see the full list of 81 stocks from our Swedish High Growth Tech and AI Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Dynavox Group

Simply Wall St Growth Rating: ★★★★★☆

Overview: Dynavox Group AB (publ) develops and sells assistive technology products for communication in Sweden and internationally, with a market cap of approximately SEK5.75 billion.

Operations: Dynavox Group AB (publ) generates revenue primarily from the sale of computer hardware, amounting to SEK1.80 billion. The company focuses on assistive technology products for communication across various markets.

Dynavox Group's recent earnings report highlighted a significant increase in revenue, reaching SEK 476 million for Q2 2024, up from SEK 381 million the previous year. Net income also saw substantial growth, doubling to SEK 36 million. The company's R&D expenses have been pivotal in driving innovation, contributing to its impressive earnings growth of 124.6% over the past year and forecasted annual profit growth of 36.6%. With revenue expected to grow at 13.6% annually, Dynavox is well-positioned within Sweden's tech sector despite a high level of debt.

OM:DYVOX Revenue and Expenses Breakdown as at Aug 2024
OM:DYVOX Revenue and Expenses Breakdown as at Aug 2024

Knowit

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Knowit AB (publ) is a consultancy company specializing in the development of digital solutions, with a market cap of SEK4.41 billion.

Operations: Knowit AB (publ) generates revenue primarily through its four segments: Solutions (SEK3.90 billion), Experience (SEK1.44 billion), Insight (SEK898.95 million), and Connectivity (SEK1.02 billion). The company focuses on developing digital solutions across these diverse areas, contributing to its market cap of SEK4.41 billion.