Swedish Gazelles 2017 – Leading the Stampede

We have just barely caught our breath after Nordic Business Forum 2017, but we have allowed ourselves to go on a couple of financial safaris in the time since. Last week, we reviewed the latest Finnish gazelle activity. Now, with Nordic Business Forum Sweden just around the corner, it’s time to turn our attention to what’s going on across the Baltic Sea. So, this week, we present to you our compilation of the top Swedish gazelles.

As a quick recap, a gazelle is a high growth company that has doubled its revenues within a four-year period, which includes a positive profit flow for each of those four years (and with the financial statements to show for it).

Below, you can see that we have separated the top gazelles for six different categories, featuring €100M+, €50M-€99.9M, €25M-€49.9M, €10M-€24.9M, €5M-€9.9M and €2.5-€4.9M. There are a total of 4,885 gazelle companies in Sweden, which is a dramatic increase from last year when there were only 1,206 companies that made the list. The expansion of the €2.5-€4.9M revenue category has been especially impressive, with the addition of 3525 companies to the list in 2016.

What we have seen in our gazelle lists is that the higher revenue categories have generally lower growth rates due to the difficulty of sustaining growth at such a high influx of revenue. Having said that, there have been some dramatic growth spurts in the higher categories of €100M+ and €50M – €99.9M compared to last years list. This is most evident with the Investor Aktiebolag, which easily cleared the herd with a massive 110,500% growth, and ICA Gruppen Aktiebolag, which recorded 15,780% growth.
One particularly noteworthy company is Mat & Mera i Vallentuna AB, which tops the €10M – €24.9M category with a whopping 14,063.00% growth.

The top three revenue earners for 2016 were:

  • St1 Sverige AB (€969,046,271 / 187% growth)
  • Investor Aktiebolag (€794,259,522 / 110,500% growth)
  • IKEA Of Sweden AB (€752,013,677 / 123% growth)

The data for the Swedish gazelle list was provided by UC AB. The list does not include incorporated data.

TOP 5 Gazelles €100M+ revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
Investor Aktiebolag 794,259,522

110500

Swedish Dla Agro AB  105,170,138

660

Mycronic AB (PUBL) 207,292,707

606

Microsoft Aktiebolag 176,653,187

447

Landrins Bil AB 116,143,374

437

Altogether 16 in this category.

TOP 5 Gazelles €50M – €99.9M revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
ICA Gruppen Aktiebolag   81,457,254

15780

Eitech Engineering AB 84,822,854

6221

Nordic Finance Business Partner AB 61,968,452

2613

Mekonomen Detaljist Aktiebolag 51,988,400

1098

Geberit Aktiebolag 89,806,520

606

Altogether 28 in this category.

TOP 5 Gazelles €25M – €49.9M revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
Exchangehuset Hatam Naji AB 30,578,171

816

Camfil Power Systems AB 38,294,450

702

Aktiebolaget Ludvig Svensson 49,909,085

608

Imola Entreprenad AB 26,364,246

434

Jonny & Robban Markteknik AB 29,659,468

433

Altogether 60 in this category.

TOP 5 Gazelles €10M – €24.9M revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
Mat & Mera i Vallentuna AB 21,635,108

14063

Meho Ukic AB 11,233,715

5017

Eaab, Ekman & Angerstig AB 11,499,733

2799

Pro4u AB 11,148,461

2476

Avensia AB 2,328,114.29

2094

Altogether 223 in this category.

TOP 5 Gazelles €5M – €9.9M revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
Bodén Mark & Anläggning i Mälardalen AB 8,434,416

5562

Molöf Bygg AB 8,726,698

5144

Holmgrens Plast AB 7,480,423

4295

Pmb Construction Sverige AB 5,473,332

3079

Swemac Innovation AB 5,842,455

2926

Altogether 455 in this category.

TOP 5 Gazelles €2.5M – €4.9M revenue

COMPANY REVENUE 2016 (€) GROWTH 2013-2016 (%)
Olympica AB 4,679,688

3371

Esatto AB 4,295,177

2573

The Swedish Cider Company AB 4,381,354

2390

Solgårdens Driverier AB 3,131,385

2120

Svenska Rotor Maskiner Aktiebolag 4,072,247

2040

Altogether 4103 in this category.

See the full 2017 Swedish Gazelles list →

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