IAR Systems Group AB – Software company with solid financial track-record offering a unique opportunity to capitalize on IoT

IAR Systems is riding the wave of IoT. The phenomena known as Internet of Things is one of the key drivers in the case of IAR. Traditional appliances  requires digital upgrades and need embedded system to function. IAR with over 50% of the market share are aligned to meet this expected growth in costumer demand. [...]

Troax AB – Global automation trends act in Troax’s favor

Global automation trends act in Troax’s favor. Automation in the manufacturing industry has increased the industrial robot-per-employee ratio. This trend will most likeley increase the demand for Troax’s products and offer a continued market growth. Troax currently holds 15% of the global market share. Troax can expect an organic revenue growth of 9% 2019-2023. Troax [...]

Nobina AB – Urbanization and environmental protection will drive Nobina’s growth forward

Increased urbanization and environmental protection act in Nobinas favor. The expenditures for environmental protection in Sweden, which is Nobina’s primary market, has increased by 4,9 % CAGR between 2007-2017. The average degree of urbanization in the Nordic countries increased from 83,1 % to 85,5 % between 2007-2017, consequently increasing the demand for Nobina’s services as [...]

Bahnhof AB – Spinning-off Elementica creates positive short-term triggers

An increased revenue per customer leads to continued growth and increased margins. A slowdown in the expansion of fiber optics networks but an increase in sales from complementing product categories, such as VPN and cloud services combined with an upgrade of the current fiber optics network is expected to drive growth of 14.7% CAGR between [...]

Pricer – High expected sales growth following Best Buy order and overall strong market growth

Pricer’s revenue is expected to grow by 18,6% CAGR between 2017 and 2020. The total market for ESL is expected to have strong growth of 24% CAGR between 2017 and 2023 and as a market leader, with roughly 25-35% market share in key markets, Pricer is positioned to capitalize on this growth. Pricer is expected [...]

Opus Group – New division, regulations and a growing car fleet enables organic growth

The car fleet grows in focus markets with a limited vehicle inspection culture in emerging countries. The car fleet in Opus geographic areas grew with 3% leading to an increased demand and possibility for organic sustainable growth. An increased demand for vehicle inspection together with Opus establishment in new geographic areas with newly established and [...]

Medistim ASA – Solid quality company in a blue ocean market

Cutting edge technology solutions for an old world problem. Cardiac and vascular diseases continue to be the most common cause of death in the western world. During a coronary bypass surgery for example, the doctor have to rely on their own sense to identify where is located the artery blockage as well as use their [...]

Storytel AB – Too high hopes for quick international success

Revenue growth of 25,2% CAGR from 2016 to 2022 due to aggressive international expansion. We expect revenues to grow to 2,9 billion SEK in 2022, up from 700 MSEK in 2016, which equals a CAGR of 25,2%. The revenue growth will mostly be driven by the international scale-up, as the company will continue to focus [...]

FormPipe Software – Migration towards cloud-based software solutions expected to drive sales and margin expansion

Strong underlying growth in the market for ECM products. Gartner estimates that the market for ECM products are expected to grow at 10-15% CAGR globally and 5-10% CAGR in the Nordics, over the period 2018 to 2021. FormPipe is positioned to capitalize on this growth due to its market leading position and high quality solutions. [...]

LeoVegas – The lion is ready to reap the benefits of regulation

Mobile gambling is expected to grow 19 % CAGR 2018-2022. LeoVegas had 68 % of customer depositions from mobile platforms (2017). Since it’s LeoVegas ambition to increase their share of mobile revenue, their strategy are positioned towards the most lucrative part of the gambling market. LeoVegas has a high number of Returning Depositing Customers (RDC). [...]