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High Growth Tech Stocks To Watch In October 2024

In This Article:

As global markets grapple with geopolitical tensions and economic uncertainties, the Swedish tech sector continues to capture attention, buoyed by its innovative edge and resilience in a challenging landscape. In this context, identifying promising high-growth tech stocks involves assessing factors such as adaptability to market shifts, technological advancements, and robust financial health.

Top 10 High Growth Tech Companies In Sweden

Name

Revenue Growth

Earnings Growth

Growth Rating

Truecaller

20.32%

21.61%

★★★★★★

Fortnox

20.04%

22.24%

★★★★★★

Xbrane Biopharma

53.90%

118.02%

★★★★★★

Scandion Oncology

40.71%

75.34%

★★★★★★

Bonesupport Holding

33.76%

31.20%

★★★★★★

Hemnet Group

20.12%

25.41%

★★★★★★

Skolon

32.63%

122.14%

★★★★★★

BioArctic

42.38%

98.40%

★★★★★★

Yubico

20.52%

42.35%

★★★★★★

KebNi

34.75%

86.11%

★★★★★★

Click here to see the full list of 80 stocks from our Swedish High Growth Tech and AI Stocks screener.

We'll examine a selection from our screener results.

Bonesupport Holding

Simply Wall St Growth Rating: ★★★★★★

Overview: Bonesupport Holding AB (publ) is an orthobiologics company that develops and commercializes injectable bio-ceramic bone graft substitutes across Europe, North America, and internationally, with a market cap of SEK21.12 billion.

Operations: Bonesupport generates revenue primarily from its pharmaceuticals segment, amounting to SEK735.16 million. The company focuses on developing and commercializing injectable bio-ceramic bone graft substitutes.

Bonesupport Holding, a Swedish high-growth tech firm, has demonstrated robust financial and operational progress. The company's revenue is projected to increase by 33.8% annually, significantly outpacing the Swedish market's growth of 1.4%. This surge is supported by innovative practices in orthopedic treatments, as evidenced by the promising results of the SOLARIO study which could revolutionize antibiotic protocols in surgical settings. Moreover, Bonesupport's earnings are expected to climb by 31.2% each year, reflecting both market confidence and effective strategic initiatives. These figures underscore not only its current health but also its potential trajectory in the biotech sphere.

OM:BONEX Earnings and Revenue Growth as at Oct 2024
OM:BONEX Earnings and Revenue Growth as at Oct 2024

Embracer Group

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Embracer Group AB (publ) is a global developer and publisher of PC, console, mobile, VR, and board games with a market cap of approximately SEK38.93 billion.

Operations: Embracer Group generates revenue primarily from PC/console games, tabletop games, mobile games, and entertainment & services. The largest revenue segment is tabletop games at SEK14.65 billion, followed by PC/console games at SEK13.10 billion.