As European inflation nears the central bank’s target and economic sentiment improves, Sweden’s tech sector has been drawing increased attention from investors. In this environment, identifying high-growth tech stocks with strong fundamentals and innovative potential is crucial for those looking to capitalize on market opportunities.

Top 10 High Growth Tech Companies In Sweden

Click here to see the full list of 82 stocks from our Swedish High Growth Tech and AI Stocks screener.

Let’s dive into some prime choices out of from the screener.

Simply Wall St Growth Rating: ★★★★★★

Overview: BioArctic AB (publ) develops biological drugs for patients with disorders of the central nervous system in Sweden and has a market cap of SEK14.59 billion.

Operations: BioArctic AB generates revenue primarily from its biotechnology segment, which reported SEK299.35 million. The company focuses on developing biological drugs for central nervous system disorders in Sweden.

BioArctic’s recent Q2 2024 earnings report revealed a significant increase in sales to SEK 49.84 million from SEK 2.71 million the previous year, while the net loss narrowed to SEK 68.43 million from SEK 102.31 million. The company’s R&D expenses are substantial, reflecting its commitment to innovation; for instance, exidavnemab phase-1 studies showed promising results in treating Parkinson’s disease with high selectivity and tolerability among participants. Revenue is projected to grow at an impressive rate of 42.4% annually, outpacing the Swedish market average of 1%.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Telefonaktiebolaget LM Ericsson (publ), along with its subsidiaries, offers mobile connectivity solutions for telecom operators and enterprise customers across numerous regions including North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India; it has a market cap of approximately SEK255.09 billion.

Operations: Ericsson generates revenue primarily from its Networks, Enterprise, and Cloud Software and Services segments, with Networks contributing SEK157.93 billion, Enterprise SEK25.83 billion, and Cloud Software and Services SEK63.35 billion. The company provides mobile connectivity solutions to telecom operators and enterprise customers across multiple regions worldwide.

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Ericsson’s recent collaboration with NRTC, Southern Linc, and Anterix to deliver private network solutions for electric cooperatives across the U.S. underscores its strategic focus on resilient and secure infrastructure. The company reported a 98.85% forecasted annual earnings growth, despite a net loss of SEK 11.13 billion in Q2 2024 from SEK 686 million last year. With R&D expenses reflecting their commitment to innovation, Ericsson’s revenue is projected to grow at an annual rate of 2.7%, outpacing the Swedish market average of 1%.

Simply Wall St Growth Rating: ★★★★☆☆

Overview: Vitrolife AB (publ) specializes in providing assisted reproduction products and has a market cap of SEK34.07 billion.

Operations: Vitrolife AB (publ) generates revenue through three primary segments: Genetics (SEK1.25 billion), Consumables (SEK1.57 billion), and Technologies (SEK708 million). The company focuses on products related to assisted reproduction.

Vitrolife’s revenue growth forecast of 7.8% annually surpasses the Swedish market average, highlighting its potential despite being unprofitable currently. Earnings are projected to grow at an impressive 105.81% per year, indicating a positive outlook for profitability within the next three years. The company reported SEK 941 million in Q2 sales, up from SEK 905 million last year, and a net income increase to SEK 143 million from SEK 106 million. Its commitment to innovation is evident with substantial R&D expenses supporting future advancements in biotechnology solutions.

Key Takeaways

• Explore the 82 names from our Swedish High Growth Tech and AI Stocks screener here.

• Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

• Discover a world of investment opportunities with Simply Wall St’s free app and access unparalleled stock analysis across all markets.

Curious About Other Options?

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include OM:BIOA B OM:ERIC B and OM:VITR.

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