Top 3 High Growth Tech Stocks in Sweden to Watch

In This Article:

As the European Central Bank's recent interest rate cuts have buoyed major stock indexes across Europe, the Swedish market is also experiencing a wave of optimism, particularly within its tech sector. In this environment, identifying high-growth tech stocks involves looking for companies that can capitalize on technological advancements and market trends to drive innovation and expansion.

Top 10 High Growth Tech Companies In Sweden

Name

Revenue Growth

Earnings Growth

Growth Rating

Truecaller

20.45%

21.76%

★★★★★★

Xbrane Biopharma

53.90%

118.02%

★★★★★★

Hemnet Group

20.11%

25.40%

★★★★★★

Scandion Oncology

40.71%

75.34%

★★★★★★

BioArctic

42.38%

98.40%

★★★★★★

Biovica International

81.67%

78.55%

★★★★★★

Yubico

20.52%

42.18%

★★★★★★

Bonesupport Holding

33.76%

31.20%

★★★★★★

KebNi

34.75%

86.11%

★★★★★★

Skolon

32.63%

122.14%

★★★★★★

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

Let's explore several standout options from the results in the screener.

Dustin Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Dustin Group AB (publ) is a company that offers online IT products and services across the Nordic and Benelux regions, with a market capitalization of approximately SEK3.62 billion.

Operations: Dustin Group generates revenue primarily through its Large Corporate and Public (LCP) segment, accounting for SEK15.44 billion, and the Small and Medium-sized Business (SMB) segment, contributing SEK6.04 billion.

Dustin Group's recent strategic shifts and executive changes signal a dynamic restructuring phase, amidst challenging earnings reports. Despite a 4.1% projected annual revenue growth, which outpaces the broader Swedish market's 1%, the company faces hurdles with a significant net loss of SEK 83.2 million in Q4 2024, contrasting sharply with the prior year's modest profit. The firm is navigating through these turbulent waters by focusing on innovative tech solutions and operational efficiency, underscored by their R&D commitment which remains crucial for future competitiveness in high-tech sectors. This approach is reflected in their aggressive forecast for earnings growth at an impressive rate of 54.2% annually, aiming to leverage emerging technological trends despite current financial volatilities and market complexities.

OM:DUST Revenue and Expenses Breakdown as at Oct 2024
OM:DUST Revenue and Expenses Breakdown as at Oct 2024

Telefonaktiebolaget LM Ericsson

Simply Wall St Growth Rating: ★★★★★☆

Overview: Telefonaktiebolaget LM Ericsson (publ) offers mobile connectivity solutions for telecom operators and enterprise customers across multiple regions including North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India with a market capitalization of approximately SEK297.38 billion.