Analysts & estimates

Estimates are provided by Modular Finance and are based on projections from analysts who follow MTG. MTG does not by providing this information imply its endorsement of, or concurrence with, such information, conclusions or recommendations.

Last updated estimate: January 26, 2026

Oldest updated estimate: November 13, 2025

Number of contributors: 7

Analysts: 7

Coverage: 7/7

Mean target price: 149.86 SEK (+53.94% vs stock price)

Analysts

Company
Name
ABG Sundal Collier
Simon Jönsson
DNB Carnegie
Martin Arnell
Danske Bank Markets
Jacob Edler
Handelsbanken Capital Markets
Jesper Stugemo
Kepler Cheuvreux
Rasmus Engberg
Nordea Markets
Trigon
Grzegorz Balcerski

Net sales, Estimates

Quarterly
Yearly
A = Actual, E = Estimates
A = Actual, E = Estimates

Adjusted EBITDA, estimates

Quarterly
Yearly
A = Actual, E = Estimates
A = Actual, E = Estimates

Key financials, estimates

Quarterly Estimates
Yearly estimate
MSEK, unless otherwise specified
Q3 2025
Q4 2025E
Net sales
2,987
3,112
Net sales growth (%)
108
84
Organic growth (%)
15
6
Adjusted EBITDA
675
707
Adjusted EBITDA margin (%)
23
23
EBITDA
590
707
Operating profit (EBIT)
232
346
Net profit
39
159
Earnings per share (SEK)
0.33
1.20
MSEK, unless otherwise specified
2024
2025E
2026E
2027E
Net sales
6,015
11,567
11,983
12,439
Net sales growth (%)
3
90
3
4
Organic growth (%)
-1
9
3
4
Adjusted EBITDA
1,666
2,640
2,880
3,102
Adjusted EBITDA margin (%)
28
23
24
25
EBITDA
1,476
2,489
2,844
3,078
Operating profit (EBIT)
901
1,091
1,399
1,608
Net profit
-210
203
627
827
Earnings per share (SEK)
-1.74
1.45
5.27
7.13