September 2024's Top Swedish Growth Stocks With High Insider Ownership

In This Article:

As global markets react to the recent Federal Reserve rate cut, Sweden's stock market has shown resilience, reflecting broader European trends. In this environment, growth companies with high insider ownership can offer unique advantages, combining robust expansion potential with strong internal confidence.

Top 10 Growth Companies With High Insider Ownership In Sweden

Name

Insider Ownership

Earnings Growth

CTT Systems (OM:CTT)

16.9%

24.8%

Truecaller (OM:TRUE B)

29.6%

21.6%

Fortnox (OM:FNOX)

21.1%

22.2%

Biovica International (OM:BIOVIC B)

17.6%

78.5%

Magle Chemoswed Holding (OM:MAGLE)

14.9%

72.2%

BioArctic (OM:BIOA B)

34%

98.4%

Yubico (OM:YUBICO)

37.5%

42.3%

KebNi (OM:KEBNI B)

37.8%

86.1%

InCoax Networks (OM:INCOAX)

19.5%

115.5%

OrganoClick (OM:ORGC)

23.1%

109.0%

Click here to see the full list of 91 stocks from our Fast Growing Swedish Companies With High Insider Ownership screener.

Let's review some notable picks from our screened stocks.

NIBE Industrier

Simply Wall St Growth Rating: ★★★★☆☆

Overview: NIBE Industrier AB (publ) develops, manufactures, markets, and sells energy-efficient solutions for indoor climate comfort and intelligent heating and control components internationally, with a market cap of SEK111.69 billion.

Operations: NIBE Industrier AB's revenue segments include SEK5.33 billion from Stoves, SEK13.48 billion from Element, and SEK35.22 billion from Climate Solutions.

Insider Ownership: 20.2%

NIBE Industrier, a Swedish growth company with high insider ownership, reported a significant decline in earnings for Q2 2024 with sales of SEK 10.04 billion and net income of SEK 219 million, down from SEK 11.83 billion and SEK 1.32 billion respectively the previous year. Despite current challenges, its earnings are forecast to grow significantly at 42.5% annually over the next three years, outpacing the Swedish market's growth rate of 15%.

OM:NIBE B Ownership Breakdown as at Sep 2024
OM:NIBE B Ownership Breakdown as at Sep 2024

AB Sagax

Simply Wall St Growth Rating: ★★★★☆☆

Overview: AB Sagax (publ) operates as a property company in Sweden, Finland, France, Benelux, Spain, Germany, and other European countries with a market cap of SEK100.28 billion.

Operations: AB Sagax (publ) generates revenue primarily from real estate rentals, amounting to SEK4.63 billion.

Insider Ownership: 28.6%

AB Sagax, a Swedish company with high insider ownership, reported strong financial results for the second quarter of 2024. Sales increased to SEK 1.20 billion from SEK 1.04 billion in the same period last year, while net income surged to SEK 978 million from SEK 53 million. For the full year, profit from property management is expected to reach SEK 4.30 billion. Despite past shareholder dilution and debt coverage concerns, earnings are forecasted to grow significantly at an annual rate of over 29%.