20 Most Valuable Swedish Companies In The World
In this article, we will look at the 15 most valuable Swedish companies in the world. If you want to explore similar companies, you can also read 5 Most Valuable Swedish Companies In The World.
Sweden is one of the most prosperous and stable economies in Europe. With a GDP of $635.66 billion, according to estimates from the World Bank, the Swedish economy is one of the largest in the world. It has a high-tech, modern economy and is a leader in innovation, with some of the world’s most successful companies driving it.
The Swedish economy is highly developed and is one of the most competitive economies in Europe. The country is also one of the most competitive in terms of innovation and productivity. Its GDP per capita ranks among the highest in the world and in 2021 was roughly $61,000, according to the World Bank. Since 1995 Sweden has seen a steady decrease in its national debt to GDP ratio, a trend that has kept the country's numbers lower than the Euro Zone average. This remarkable achievement has been recognized worldwide and the nation has received the highest possible credit rating from leading credit agencies.
Sweden has a highly developed welfare system and a strong social safety net. It is also highly open to international trade and investment. Sweden has a strong manufacturing sector, with a focus on high-tech and specialized industries. The country is also a major exporter of telecommunications equipment and other technology-related products. Sweden is also a major exporter of timber, and is one of the world’s largest producers of paper products. Moreover, the country also has a strong banking system and a well-developed financial market with relatively fewer barriers to entry, making it attractive to foreign investors.
Sweden’s economy is largely driven by exports and foreign investment, which collectively account for over 50% of the nation's GDP. In recent years, the country has seen a shift towards a more knowledge-based economy, with a focus on research and development. Over 3% of Sweden's GDP is allocated to research and development. This has helped to drive innovation and productivity, and has allowed the country to remain competitive in global markets. Some of the most valuable Swedish companies in the world include AB Volvo (publ) (OTC:VLVLY), Atlas Copco AB (OTC:ATLKY), and Investor AB (publ) (OTC:IVSBF). These companies, among others, are discussed in detail below.
Photo by lilzidesigns/Unsplash
Our Methodology
For this list, we did a careful assessment of both public and private Swedish companies. For public companies, we sourced their market caps from Yahoo Finance. For private companies, we studied the annual reports published on their official websites and found their revenue. Along with each private company we have included its annual revenue in its most recent fiscal year, and for each public company we have mentioned its market cap, as of January 31. The companies are ranked in ascending order of their market caps (revenue in the case of private companies).
20 Most Valuable Swedish Companies In The World
20. Tetra Pak
Annual Revenue (2021): $12.07 Billion
Tetra Pak is a Swedish multinational food packaging and processing company that was founded in 1951 by Ruben Rausing. The company is best known for its innovative packaging systems, which help to preserve food and extend its shelf life. Its products are used in over 160 countries around the world and the company employs over 25,000 people. In fiscal 2021, the company generated an annual revenue of 12.07 billion. Tetra Pak is one of the most valuable Swedish companies in the world.
While Tetra Pak is one of the most valuable private companies in Sweden, some of the most valuable public companies in the region include AB Volvo (publ) (OTC:VLVLY), Atlas Copco AB (OTC:ATLKY), and Investor AB (publ) (OTC:IVSBF).
19. Swedish Match AB (publ) (OTC:SWMAY)
Market Cap: $15.51 Billion
Swedish Match AB (publ) (OTC:SWMAY) is a leading manufacturer of tobacco and related products. The company is based in Stockholm, Sweden, and was founded in 1915. Swedish Match AB (publ) (OTC:SWMAY) is one of the world's leading suppliers of snus, a type of smokeless tobacco, and also produces a variety of other tobacco products. The company has a broad portfolio of brands, including General, The Lab, and Catch.
Swedish Match AB (publ) (OTC:SWMAY) has grown to become a global player in the tobacco industry, with a strong presence in Europe, North America, and Asia. As of January 31, Swedish Match AB (publ) (OTC:SWMAY) is valued at $15.51 billion and is ranked among the most valuable Swedish companies in the world.
18. Essity AB (publ) (OTC:ETTYF)
Market Cap: $18.27 Billion
Essity AB (publ) (OTC:ETTYF) is a leading global hygiene and health products company. Headquartered in Stockholm, Sweden, Essity AB (publ) (OTC:ETTYF) manufactures and markets products such as tissue paper, feminine care products, and incontinence products among others. Essity AB (publ) (OTC:ETTYF) also offers solutions for professional hygiene. The company is worth $18.27 billion on the open market, as of January 31.
17. Spotify Technology S.A. (NYSE:SPOT)
Market Cap: $19.31 Billion
Spotify Technology S.A. (NYSE:SPOT) is a Swedish audio streaming company founded in 2006. The company provides music, podcasts, and video streaming services, allowing users to access a wide range of content from different providers and platforms. The company has become one of the largest music streaming services in the world, with a strong presence in the global music streaming market. Spotify Technology S.A. (NYSE:SPOT) is one of the most valuable Swedish companies in the world and is valued at $19.31 billion, as of January 31.
16. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)
Market Cap: $19.71 Billion
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) is a Swedish multinational networking and telecommunications company headquartered in Stockholm, Sweden. It is one of the world’s leading providers of communications technology and services, with a portfolio of products and services ranging from mobile and fixed broadband networks to multimedia solutions. Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a presence in 180 countries across the world and is placed sixteenth on our list of the most valuable Swedish companies.
15. H & M Hennes & Mauritz AB (publ) (OTC:HNNMY)
Market Cap: $19.95 Billion
H & M Hennes & Mauritz AB (publ) (OTC:HNNMY) is a Swedish multinational clothing-retail company, known for its fast-fashion clothing for men, women, teenagers, and children. Founded in 1947, the company is headquartered in Stockholm, Sweden, and has grown to become one of the prominent fashion labels in the industry. H & M Hennes & Mauritz AB (publ) (OTC:HNNMY) is worth $19.95 billion on the open market, as of January 31.
H & M Hennes & Mauritz AB (publ) (OTC:HNNMY) is also dedicated to offering customers fashionable and affordable clothing. The company offers a wide range of products, from basic items such as t-shirts and jeans to high-end designer items such as dresses and coats. Overall, the company is a leader in the fashion industry, offering sustainable, fashionable, and affordable clothing to its customers.
14. Svenska Handelsbanken AB (publ) (OTC:SVNLY)
Market Cap: $20.89 Billion
Svenska Handelsbanken AB (publ) (OTC:SVNLY) is a Swedish financial services company that offers banking and insurance products. Founded in 1871, it is one of the most prominent banks in Sweden and is also one of the most valuable Swedish companies in the world. As of January 31, Svenska Handelsbanken AB (publ) (OTC:SVNLY) is worth $20.89 billion.
13. Swedbank AB (publ) (OTC:SWDBY)
Market Cap: $21.47 Billion
Swedbank AB (publ) (OTC: SWDBY) is one of the largest financial services groups in the Nordic and Baltic regions. Headquartered in Stockholm, Sweden, the bank is worth over $21 billion, as of January 31. Swedbank AB (publ) (OTC: SWDBY) offers a wide range of financial services, including retail and corporate banking, mortgages, and asset management among others.
12. NIBE Industrier AB (publ) (OTC:NIABY)
Market Cap: $21.85 Billion
NIBE Industrier AB (publ) (OTC:NIABY) is a leading manufacturer of energy-efficient heating and ventilation systems, as well as related components and services. The company is based in Sweden and has operations in Europe, North America and International markets. NIBE Industrier AB (publ) (OTC:NIABY) strives to be a leader in the energy-efficient heating and ventilation industry and is one of the most valuable companies in Sweden, valued at $21.85 billion as of January 31.
11. Epiroc AB (publ) (OTC:EPOKY)
Market Cap: $24.03 Billion
Epiroc AB (publ) (OTC:EPOKY) is a Sweden-based company that designs, manufactures and markets equipment and tools for the mining, construction and infrastructure industries. The company, which was founded in 1873, is an established name in the mining, quarrying and construction industries worldwide, and its products and services are used in more than 150 countries across the globe. As of January 31, Epiroc AB (publ) (OTC:EPOKY) is worth $24.03 billion on the open market and is ranked among the most valuable Swedish companies in the world.
10. Evolution AB (publ) (OTC:EVVTY)
Market Cap: $24.12 Billion
Evolution AB (publ) (OTC:EVVTY) is a gaming company based in Sweden which provides live casino and slots solutions to gaming operators in Europe and the US. It streams games from real casino tables and users can bet via computers, smartphones, and tablets. It offers Live Roulette, Blackjack, Baccarat, Super Sic Bo, Dragon Tiger, Craps, Live Casino Hold’em, Three Card Poker, and Ultimate Texas Hold’em and operates around 1000 tables. Established in 2006, Evolution AB (publ) (OTC:EVVTY) has grown to become one of the most valuable companies in Sweden.
9. Skandinaviska Enskilda Banken AB (publ) (OTC:SVKEF)
Market Cap: $25.5 Billion
Skandinaviska Enskilda Banken AB (publ) (OTC:SVKEF) is a Swedish financial services provider offering corporate, retail, investment, and private banking services. The company has operations in Europe, the United States, and the Asia Pacific regions. Skandinaviska Enskilda Banken AB (publ) (OTC:SVKEF) was founded in 1856 and is headquartered in Stockholm, Sweden.
8. Sandvik AB (publ) (OTC:SDVKY)
Market Cap: $26.67 Billion
Sandvik AB (publ) (OTC:SDVKY) is an engineering firm that provides mining and rock solutions, rock processing applications, and manufacturing solutions to the aerospace, automotive, construction, and energy industries. It offers drill rigs, tools, parts and services, along with metal cutting, advanced stainless steels and special alloys. Sandvik AB (publ) (OTC:SDVKY) was founded in 1862 and is located in Stockholm, Sweden.
7. ASSA ABLOY AB (publ) (OTC:ASAZY)
Market Cap: $26.71 Billion
ASSA ABLOY AB (publ) (OTC:ASAZY) is a Swedish company offering door opening products and services for institutional, commercial and residential markets. The company provides mechanical and digital locks, cylinders, door fittings, security doors, access control devices and fire doors. ASSA ABLOY AB (publ) (OTC:ASAZY) also offers identity solutions, entrance automation products and services, and components for overhead sectional doors and sensors. ASSA ABLOY AB (publ) (OTC:ASAZY) is one of the most valuable Swedish companies in the world, with a market cap of $26.71 billion as of January 31.
6. EQT AB (publ) (OTC:EQBBF)
Market Cap: $28.36 Billion
EQT AB (publ) (OTC:EQBBF) is a global investment firm that specializes in private equity and real assets. Founded in 1994, the company has amassed €113 billion in free-generating assets under management as of 2022, making it one of the world's largest private equity companies. As of January 31, EQT AB (publ) (OTC:EQBBF) is worth $28.36 billion on the open market.
In addition to AB Volvo (publ) (OTC:VLVLY), Atlas Copco AB (OTC:ATLKY), and Investor AB (publ) (OTC:IVSBF), EQT AB (publ) (OTC:EQBBF) is also one of the most valuable Swedish companies in the world.
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Disclosure: None. 20 Most Valuable Swedish Companies In The World is originally published on Insider Monkey.