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 14, 2026

Oldest updated estimate: November 13, 2025

Number of contributors: 7

Analysts: 7

Coverage: 7/7

Mean target price: 152.29 SEK (+42.06% 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
3,119
Net sales growth (%)
108
84
Organic growth (%)
15
7
Adjusted EBITDA
675
713
Adjusted EBITDA margin (%)
23
23
EBITDA
590
714
Operating profit (EBIT)
232
353
Net profit
39
164
Earnings per share (SEK)
0.33
1.20
MSEK, unless otherwise specified
2024
2025E
2026E
2027E
Net sales
6,015
11,574
12,082
12,543
Net sales growth (%)
3
90
4
4
Organic growth (%)
-1
9
3
4
Adjusted EBITDA
1,666
2,647
2,913
3,133
Adjusted EBITDA margin (%)
28
23
24
25
EBITDA
1,476
2,496
2,878
3,110
Operating profit (EBIT)
901
1,098
1,432
1,639
Net profit
-210
208
649
847
Earnings per share (SEK)
-1.74
1.49
5.49
7.33