15 Most Valuable Companies in Sweden

Published on July 13, 2022 at 9:00 am by Saad Raza in Lists, News

In this article, we will be looking at the most valuable companies in Sweden.

Sweden, a Nordic country, is known for producing some of the world’s biggest and most innovative companies. Sweden has a very low national debt to GDP ratio, lower than the Euro Zone average. According to a report published by the World Economic Forum, Sweden is ranked 8^th with a score of 81.2 among the most competitive countries globally. Commenting on the performance and growth of Sweden, the report labels Sweden as a “technologically advanced, innovative and dynamic economy in the world.” Swedish companies like Ikea, Electrolux (STO: ELUX-B.ST) and Spotify (NYSE:SPOT) are some of the most innovative companies in the world.

The World Bank has ranked Sweden among the easiest countries in the world to do business with. Sweden is ranked 10^th in the list of 190 countries. The Swedish economy is liberal and open to new businesses and facilities throughout the operations. The economy has been export-oriented over the years. Swedish unicorns valued at more than $1 billion include King and Mojang (a video game developer), Klarna (a fintech company), and Spotify (a music streaming service)

The two manufacturing giants of the Swedish industry are Volvo (OTC: VOLV) and Atlas Copco AB (OTC: ATLKY). Volvo (OTC: VOLV) is known for its trucks, buses, and heavy-duty vehicles. Atlas Copco AB (OTC: ATLKY) produces industrial machinery and power station machinery for worldwide companies.

The apparel company H&M (OTC: HMRZF) is also known for its clothing and homecare products all around the world.

Pixabay/Public Domain

Most Valuable Companies in Sweden

15. Svenska Handelsbanken AB (FSE: SVHH.F)

Market Capitalization: 181B SEK

Svenska Handelsbanken AB (FSE: SVHH.F) is based in Stockholm and specializes in financial services and banking products. Svenska Handelsbanken AB (FSE: SVHH.F) provides products and services to private and corporate consumers. These products include saving accounts, investment accounts, business accounts for private individuals. Corporate consumers of Svenska Handelsbanken AB (FSE: SVHH.F) include forestry and agriculture, cash pool mortgage, and mutual funds. Svenska Handelsbanken AB (FSE: SVHH.F) operates in Sweden, the United Kingdom, Norway, Denmark, Finland, the Netherlands, and internationally. Svenska Handelsbanken AB (FSE: SVHH.F) has over 732 branches, with 376 in Sweden, 204 in the U.K., 45 in Norway, 43 in Finland, and 29 in the Netherlands.

14. Epiroc AB (STO: EPI-A.ST)

Market Capitalization: 191B SEK

Epiroc AB (publ) (STO: EPI-A.ST) is based in Nacka, Sweden. Epiroc AB (publ)(EPI-A.ST) develops and produces equipment for agricultural and underground mining operations. Epiroc AB (publ) (STO: EPI-A.ST) also produces machinery for applications in civil engineering, well drilling, and geotechnical equipment like drill rigs. Epiroc AB (publ) (STO: EPI-A.ST) also provides attachments, tools, and spare parts for equipment and machinery. Epiroc AB (publ) (STO: EPI-A.ST) operates worldwide.

13. NIBE Industrier AB (publ) (STO: NIBE-B.ST)

Market Capitalization: 149B SEK

NIBE Industrier AB (publ) (STO: NIBE-B.ST) is based in Markaryd, Sweden, and specializes in manufacturing building products and equipment. These products include energy-efficient solutions for indoor climate comfort and intelligent heating and control systems. NIBE Industrier AB (publ) (STO: NIBE-B.ST) operates in Sweden, Norway, other European countries, North America, Australia, and Asia. NIBE Industrier AB (publ) (STO: NIBE-B.ST) has its business operations in three segments. The first segment is NIME Climate Solutions which offers indoor climate comfort products. The NIBE Element segment manufactures components and solutions for heating and control like aluminum foil, thick film, and ceramic elements. The Nibe Stove segment of NIBE Industrier AB (publ) (STO: NIBE-B.ST) provides products for personal and commercial kitchens.

12. Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F)

Market Capitalization: 231B SEK

Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F) is based Stockholm and operates in financial and banking sector. Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F) provides corporate, investment, retail, and private banking. Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F) has its operations in Sweden and worldwide. Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F) operates through the following divisions: Large Corporates & Financial Institutions, Corporate and Private Customers, Baltic, Life, and Investment Management. Skandinaviska Enskilda Banken AB (publ) (FSE: SEBA.F) has over 172 branches in Sweden and internationally.

11. Sandvik AB (publ) (STO: SAND.ST)

Market Capitalization: 212B SEK

Sandvik AB (publ) (STO: SAND.ST) has headquarters in Stockholm and provides products and services in the engineering sector, focusing on areas like mining, rock excavation, metal cutting, and materials technology. Sandvik AB (publ) (STO: SAND.ST) also produces metal cutting tools for operations like drilling, reaming, milling, and turning tools. Apart from tools and equipment, Sandvik AB (publ) (STO: SAND.ST) also provides advisory services for additive manufacturing, powder products, and recycling systems.

10. H & M Hennes & Mauritz AB (publ) (OTC: HMRZF)

Market Capitalization: 191B SEK

H & M Hennes & Mauritz AB (publ) (OTC: HMRZF) is based in Stockholm and produces apparel like clothing, accessories, footwear, cosmetics, home textiles, and homecare for all kinds of demographics. H & M Hennes & Mauritz AB (publ) (OTC: HMRZF) produces apparel and accessories under different brand names like H&M, H&M Home, and COS. H & M Hennes & Mauritz AB (publ) (OTC: HMRZF) has its operations worldwide with over 5,000 stores in 74 markets. H & M Hennes & Mauritz AB (publ) (OTC: HMRZF) also operates online and has a presence in 51 online markets. H&M, like Spotify (NYSE:SPOT) and Ikea, is a world-famous company.

9. ASSA ABLOY AB (publ) (OTC: ASAZF)

Market Capitalization: 244B SEK

ASSA ABLOY AB (publ) (OTC: ASAZF) is a Stockholm-based company providing security products and solutions like door opening products for residential, commercial, and institutional markets in Europe, the Middle East, Africa, the Americas, and Asia. These products include mechanical locks, electromechanical locks, digital locks, security doors, door frames, and fore doors. Moreover, ASSA ABLOY AB (publ) (OTC: ASAZF) provides associated systems like identity systems, automation systems, docking solutions, and fencing. Major brands of ASSA ABLOY AB (publ) (OTC: ASAZF) include ASSA ABLOY, Yale, and HID brands.

8. Evolution AB (publ) (STO: EVO.ST)

Market Capitalization: 194B SEK

Evolution AB (publ) (STO: EVO.ST) is based in Stockholm and operates in the Gambling and Entertainment industry. Evolution AB (publ) (STO: EVO.ST) produces and sells B2B Live Casino solutions to gaming operators in Europe and the U.S. Evolution AB (publ) (STO: EVO.ST) has online live table games like Live Roulette, Blackjack, Baccarat, and Super Sic Bo. Moreover, Evolution AB (publ) (STO: EVO.ST) also has on-premises gaming solutions in Belgium, Romania, the U.K., and Spain, owning over 700 tables.

7. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC)

Market Capitalization: 261B SEK

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC), or Ericsson, is headquartered in Stockholm and operates in the Communication Equipment industry. Ericsson is one of the most famous Swedish companies, in addition to Spotify (NYSE:SPOT) and Ikea. It manufactures and sells communication infrastructure, services, software solutions to telecom partners and companies. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) has operations in the Americas, Europe, the Middle East, Africa, and Asia. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) has its business in four segments: Networks, Digital Services, Managed Services, and Emerging Business.

6. EQT AB (publ) (STO: EQT.ST)

Market Capitalization: 216B SEK

EQT AB (publ) (STO: EQT.ST) is based in Stockholm and specializes in asset management. EQT AB (publ) (STO: EQT.ST) operates in Private Capital and Real Asset segments. EQT AB (publ) (STO: EQT.ST) finds investment opportunities in Australia and New Zealand. Like Spotify (NYSE:SPOT) and Ikea, EQT is one of the notable companies from Sweden.

5. Hexagon AB (publ) (OTC:HXGBY)

Market Capitalization: 293B SEK

Based in Stockholm, Hexagon AB (publ) (OTC: HXGBY) operates in the Scientific & Technical Instrument industry and provides solutions for geospatial and industrial applications. Hexagon AB (publ) (OTC: HXGBY) operates worldwide. Hexagon AB (publ) (OTC: HXGBY) has its business operations in two segments: Industrial Enterprise Solutions (IES) and Geospatial Enterprise Solutions (GIS). The IES segment provides metrology systems for measurements and computer-aided designing and manufacturing. The GIS segment provides sensors, GIS software, and associated equipment like unmanned aerial vehicles, mobile mapping technology, and precise positioning solutions.

4. Spotify Technology S.A. (NYSE:SPOT)

Market Capitalization: $19B

Based in Stockholm, Spotify Technology S.A. (NYSE: SPOT) is the leading music streaming service provider operating worldwide. Spotify Technology S.A. (NYSE: SPOT) operates in two segments: Premium and Ad-Supported. The Premium segment offers an unlimited offline and online catalog of music based on subscription. Spotify Technology S.A. (NYSE: SPOT) has over 165 million paying subscribers. The Ad-Supported segment of Spotify Technology S.A. (NYSE: SPOT) has 365 million monthly subscribers and offers limited access to an online music catalog.

5 Most Valuable Companies in Sweden-Spotify

Photo by sgcdesignco on Unsplash

3. AB Volvo (publ) (OTC:VOLVF)

Market Capitalization: 335B SEK

AB Volvo (publ) (OTC: VOLVF) manufactures and sells buses, trucks, construction equipment, and marine and industrial engines. A.B. Volvo (publ) (OTC: VOLVF) operates in the Americas, Europe, Asia, Africa, and Australia. A.B. Volvo (publ) (OTC: VOLVF), under the brand names of Volvo, U.D. Trucks, Renault Trucks, and Mack offer long haulage trucks, construction, and mining trucks. A.B. Volvo (publ) (OTC: VOLVF) offers intercity buses and coaches under Nova Bus and Prevost brands. It also provides energy equipment and power stations for the transportation industry.

5 Most Valuable Companies in Sweden- Volvo

Shevel Artur/Shutterstock.com

2. Investor AB (publ) (FSE:IVS.F)

Market Capitalization: 569B SEK

Investor AB (publ) (FSE: IVS.F) is the second most valuable company in Sweden. With its headquarters in Stockholm, Investor AB (publ) (FSE: IVS.F), a venture capital firm, offers capital investment in mature, middle market, buyout, and growth markets. Investor AB (publ) (FSE: IVS.F) offers a diversified portfolio of financial services in four segments: Core, Private Equity, Operating, and Financial Investments. The Core segment of Investor AB (publ) (FSE: IVS.F) invests in healthcare, I.T., financial services, and fintech. Within the Private Equity segment, Investor AB (publ) (FSE: IVS.F) makes venture capital and buyout investments. The Operating segment of Investor AB (publ) (FSE: IVS.F) focuses on portfolio handling of medium- to large-sized companies in Northern Europe.

5 Most Valuable Companies in Sweden- Investor AB

Pixabay/Public Domain

1. Atlas Copco AB (OTC:ATLKY)

Market Capitalization: 486B SEK

Atlas Copco AB (OTC: ATLKY) manufactures and sells specialty industrial machinery like compressors, power, gas treatment equipment, vacuum pumps, cryogenic pumps, and turbomolecular pumps. Atlas Copco AB (OTC: ATLKY) also provides industrial solutions for food packaging, paper handling, and chemical processes. Along with machinery, it also provides associate tools, equipment, and services. Atlas Copco AB (OTC: ATLKY) operates in the Americas, Europe, Asia, Africa, and Oceania.