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NYAB

6.00 SEK

-0.33 %

4,062 following

NYAB

First North Stockholm

Multi

Energy

Overview
Financials & Estimates
Ownership
Investor consensus
Compare
-0.33 %
+0.17 %
-11.50 %
+4.53 %
+20.72 %
+21.09 %
-38.61 %
+14.79 %
-84.66 %

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
4.28B SEK
Turnover
1.48M 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
All
Research
Webcasts
Press releases
3rd party
ShowingAll content types
NYAB secures 35 MEUR railway contract in Mälardalen, Sweden
Analyst Comment12/5/2025, 6:45 AM by
Christoffer Jennel

NYAB secures 35 MEUR railway contract in Mälardalen, Sweden

We think the deal confirms NYAB's strong competitive position in the Swedish infrastructure market and also reduces the risk profile for our near-to-medium-term estimates.

NYAB
NYAB strengthens its position in Swedish grid expansion
Analyst Comment11/13/2025, 7:13 AM by
Christoffer Jennel

NYAB strengthens its position in Swedish grid expansion

NYAB announced that it has signed a collaboration contract with Svenska kraftnät, for the construction of a new 400 kV power line.

NYAB
NYAB Q3'25: Growing pains, future gains
Research11/6/2025, 7:28 AM by
Christoffer Jennel

NYAB Q3'25: Growing pains, future gains

NYAB Q3 revenue was in line with our estimate, but EBIT fell short due to a greater impact from H1’25 capacity build-up.

NYAB

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NYAB Q3´25: Sweden’s boom, Finland’s drag17:36
Video11/5/2025, 11:49 AM 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
NYAB Q3’25 flash comment: Revenue in line with estimates, but profitability fell short
Analyst Comment11/5/2025, 7:59 AM by
Christoffer Jennel

NYAB Q3’25 flash comment: Revenue in line with estimates, but profitability fell short

NYAB delivered Q3 revenues in line with our estimate, but reported EBIT came in short

NYAB
NYAB Q3’25 preview: Outlook and margins in focus
Analyst Comment10/29/2025, 7:06 AM by
Christoffer Jennel

NYAB Q3’25 preview: Outlook and margins in focus

We expect revenue growth to remain strong, driven by both inorganic contributions and continued high organic growth

NYAB
NYAB signed two agreements in Finland worth 50-55 MEUR   
Analyst Comment9/25/2025, 5:00 AM by
Aapeli Pursimo

NYAB signed two agreements in Finland worth 50-55 MEUR  

The company announced on Wednesday that it had signed two agreements within the Energy market segment in Finland with a combined total value of approximately 50-55 MEUR.

NYAB
NYAB Q2'25: Executing effectively on robust demand
Research8/14/2025, 5:27 AM by
Christoffer Jennel, Aapeli Pursimo

NYAB Q2'25: Executing effectively on robust demand

NYAB delivered stronger-than-expected Q2 revenues, with EBIT in line with estimates. Market conditions in Sweden remained favorable, while the demand picture in Finland continues to be relatively soft

NYAB
NYAB Q2´25: Strong Q2 sets tone for H213:19
Video8/13/2025, 10:53 AM by
Christoffer Jennel

NYAB Q2´25: Strong Q2 sets tone for H2

NYAB has released its Q2 report, showing continued growth in revenue. In this interview, CEO Johan Larsson shares his insights on the current market conditions...

NYAB
NYAB Q2’25 flash comment: Beat on revenue, while EBIT aligned with estimates
Analyst Comment8/13/2025, 6:42 AM by
Christoffer Jennel

NYAB Q2’25 flash comment: Beat on revenue, while EBIT aligned with estimates

NYAB delivered stronger-than-expected Q2 revenues, with EBIT in line with estimates. Organic revenue growth was primarily driven by high production rates across both the Energy and Infrastructure sectors

NYAB
NYAB Q2’25 preview: Strong momentum set to continue, with strong growth and stable margins
Analyst Comment8/11/2025, 5:37 AM by
Christoffer Jennel

NYAB Q2’25 preview: Strong momentum set to continue, with strong growth and stable margins

NYAB will release its Q2 report on Wednesday. The company has started 2025 on a strong note with robust revenue growth, and we expect this momentum to continue in Q2.

NYAB
NYAB extensive report: Premium financials to an attractive price tag
Extensive research4/3/2025, 6:16 AM by
Christoffer Jennel, Aapeli Pursimo

NYAB extensive report: Premium financials to an attractive price tag

NYAB, a specialized contractor of complex and challenging construction projects, has diligently navigated recent years’ challenges in the broader construction market.

NYAB
NYAB Q1'25: Good start to the year
Research5/8/2025, 6:51 AM by
Christoffer Jennel, Aapeli Pursimo

NYAB Q1'25: Good start to the year

NYAB delivered stronger-than-expected revenue in Q1, while profitability was broadly in line with our estimates. Market conditions in Sweden remained favorable, and the demand picture in Finland is showing gradual improvement, with a brightening outlook for the remainder of 2025.

NYAB
NYAB Q1´25: Continued strong momentum
Video5/7/2025, 10:17 AM by
Christoffer Jennel

NYAB Q1´25: Continued strong momentum

NYAB has released its first-quarter report, highlighting growth in both revenue and earnings. In this interview, CEO Johan Larsson discusses the current market landscape, cross-country developments and what investors should keep their eye on in coming quarters. 

NYAB
NYAB Q1'25 preview: Favorable market conditions in Sweden and M&A to boost revenue growth
Analyst Comment5/5/2025, 6:52 AM by
Christoffer Jennel, Aapeli Pursimo

NYAB Q1'25 preview: Favorable market conditions in Sweden and M&A to boost revenue growth

NYAB will release its Q1 report on Wednesday. We expect strong revenue growth (Q1’25e: +55% y/y), mainly driven by M&A effects and favorable market conditions in Sweden. We also expect the operating margin to improve, supported by a favorable project mix, reduced seasonality, and sustained cost efficiency. Beyond the figures, management’s commentary on the market outlook, Dovre integration, and strategic direction will be key focus areas.

NYAB
Analyst Comment4/23/2025, 2:14 PM by
Christoffer Jennel

NYAB received an order worth 409 MSEK from the Swedish Transport Administration

The contract is valued at 409 MSEK (approximately 37 MEUR), with construction set to begin in April 2025 and conclude in October 2027.

NYAB
NYAB Q4'24: Strong execution across the board
Research2/27/2025, 7:23 AM by
Aapeli Pursimo, Christoffer Jennel

NYAB Q4'24: Strong execution across the board

NYAB’s Q4 report was stronger than expected across the board. The market situation in Sweden remained favorable for NYAB’s operations and the mild winter conditions in the Nordics had a positive effect on the overall business momentum.

NYAB
NYAB Q4'24: Ending the year on a strong note
Video2/26/2025, 3:09 PM by
Christoffer Jennel

NYAB Q4'24: Ending the year on a strong note

NYAB released its Q4 report, highlighting increased profitability and higher revenue. In this interview, CEO Johan Larsson discusses the full-year 2024 results, the current demand situation, and the recent deal with Dovre.

NYAB
NYAB Q4’24 preview: We expect a strong finish to a strong year
Analyst Comment2/24/2025, 8:04 AM by
Aapeli Pursimo, Christoffer Jennel

NYAB Q4’24 preview: We expect a strong finish to a strong year

NYAB is set to release its Q4 report on Wednesday. We expect the company’s annual revenue growth to accelerate sequentially to 15% (Q3’24: 6%), as the previous quarter’s lower-than-expected growth was primarily driven by timing factors.

NYAB
Analyst Comment12/23/2024, 5:48 AM by
Aapeli Pursimo

Uppsala municipality reselected NYAB's joint venture as the general contractor for the Uppsala Tramway project

On Friday, the company announced that Uppsala municipality had made a new decision to select NYAB, together with its partner Azvi, as the general contractor for the construction of the Uppsala Tramway.

NYAB
Forum discussions
Hi everyone! My name is Christoffer Jennel and I cover analysis at NYAB. Since our forum has now switched to multilingual mode, you can ask me questions and I will participate in the discussion here.
10/20/2025, 7:52 AM
by Christoffer Jennel
10
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
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
NYAB published its Q3 report this morning. “High growth and increased operating profit” If you want to read the full report, it’s available here: NYAB AB delårsrapport januari-september 2025: Hög tillväxt och ökat rörelseresultat - Inderes
11/5/2025, 7:54 AM
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
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