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NYAB

5.94 SEK

+0.85 %

4,087 following
Corporate customer

NYAB

First North Stockholm

Multi

Energy

+0.85 %
-1.00 %
-1.49 %
-10.54 %
-12.26 %
+18.80 %
-38.22 %
-12.39 %
-84.81 %

NYAB provides services within engineering, construction and maintenance with a focus on sustainable infrastructure and renewable energy. The offering includes roads, railways, bridges, airports, wind and solar power and power grids. NYAB also provides various types of facilities for industrial customers. NYAB operates in Sweden and Finland in both the private and public sectors.

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Market cap
4.24B SEK
Turnover
3.5M SEK
P/E (adj.) (25e)
EV/EBIT (adj.) (25e)
P/B (25e)
EV/S (25e)
Dividend yield-% (25e)
Coverage
Recommendation
Buy
Target price
Updated
06.11.2025
Disclaimer
Aapeli Pursimo
Christoffer Jennel
Christoffer Jennel, Aapeli Pursimo
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Latest research

Latest analysis report

Released: 06.11.2025

Latest extensive report

Released: 03.04.2025

Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
12.2.
2026

Annual report '25

21.4.
2026

General meeting '26

7.5.
2026

Interim report Q1'26

Risk
Business risk
Valuation risk
Low
High
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Third party research

NYAB: Feedback from ABGSC's Investor Days - ABG

* CFO and VP of corporate affairs gave general presentation* Market activity remains high; NYAB well-positioned to gain share* Stock trading at 9x EV/EBITA and 7% FCF yield on 2026e NYAB in brief We hosted NYAB's CFO Klas Rewelj and VP of Corporate Affairs...

NYAB
Third party research

NYAB: New power line contract with Svenska Kraftnät - ABG

* Signs new phase-1 contract for Norrbotten power line* Phase-2, starting 2026, could be the largest contract yet (~EUR136m)* This and the Uppsala Tram project could drive substantial cons. revisions Another major power line project de-risks estimates...

NYAB
Third party research

NYAB: Solid margin resilience amid strong growth - ABG

* We trim EBIT by 4-3% on slightly lower margins* Strong growth continues, with impressive margin resilience* SEK 6-9 fair value reiterated; trades 5-10% below key peersImpressive growth momentum in the organic businessQ3 was characterised by continued...

NYAB
NYAB Q3´25: Sweden’s boom, Finland’s drag17:36
Video by
Christoffer Jennel

NYAB Q3´25: Sweden’s boom, Finland’s drag

NYAB’s Q3 report showed revenues in line with our estimates, but EBIT came in below expectations. We spoke with CEO Johan Larsson about the quarter’s results, the current demand environment, and whether NYAB is on track to reach its EBIT margin target.

NYAB
Third party research

NYAB: 32% organic growth, but slight margin miss - ABG

* EBIT 10% below ABGSC, 12% below consensus* 32% organic growth (vs ABGSC 16%), 6% order backlog growth* Estimates to come off ~3% on slightly lower marginsQ3 resultsSales were EUR 150m (0% vs ABGSCe 150m and 0% vs cons 150m), +60% y-o-y (whereof 32%...

NYAB
Forum discussions
NYAB Strengthens Its Position in Swedish Grid Expansion NYAB announced that they have signed a cooperation agreement with Svenska kraftnät for the construction of a new 400 kV power line of approximately 100 kilometers between Letsi and Svartbyn in Norrbotten. The project will be...
11/13/2025, 7:22 AM
by Jesper Hagman
9
Hi @hermoheikko69, thanks for the question and Happy New Year! The fact that NYAB is being removed from the Nasdaq First North 25 index (starting January 2, 2026) does not mean that the stock will be harder to trade or similar; it just means that it is no longer included in that ...
12/30/2025, 8:44 AM
by Christoffer Jennel
7
We have also published a CEO interview we recorded today with NYAB’s CEO Johan Larsson. What do you think about NYAB? Inderes NYAB Q3´25: Sweden’s boom, Finland’s drag - Inderes Time: 2025-11-05 12:49 NYAB’s Q3 report showed revenues in line with our estimates, but EBIT came in below...
11/5/2025, 12:46 PM
by Jesper Hagman
5
Analyst Christoffer’s initial thoughts on NYAB’s Q3 report. “NYAB’s Q3 revenue was in line with our estimate, but reported EBIT was lower. Organic revenue growth was primarily driven by high production activity in Sweden, while volumes in Finland were lower due to timing effects ...
11/5/2025, 9:11 AM
by Jesper Hagman
4
Hello everyone! We have recorded an analyst interview about NYAB, however, in Swedish. But for everyone who wants to, you can watch it here: Analytikerintervju: Spotify & NYAB - Inderes
11/7/2025, 1:31 PM
by Jesper Hagman
3
Here is a new company report on NYAB from Jenneli. NYAB’s Q3 revenue was in line with our forecast, but operating profit fell short of expectations due to a greater impact from increasing capacity in H1’25. Market conditions in Sweden remained favorable, while demand in Finland remained...
11/6/2025, 9:39 AM
by Sijoittaja-alokas
2
Here are Christoffer’s comments in Finnish. (Christoffer’s comments in English below) NYAB’s Q3 revenue met our forecasts, but reported operating profit fell short of expectations. Organic revenue growth was mainly due to busy production in Sweden, while volumes in Finland were lower...
11/5/2025, 11:34 AM
by Sijoittaja-alokas
2
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