ORESNasdaq StockholmFinancialsIFRS · SEK

Investment AB Öresund

Öresund is a Swedish investment company that owns and manages a portfolio of Nordic companies and securities. It operates as an active, long-term owner, using its capital and ownership position to influence portfolio companies over time. The company is listed on Nasdaq Stockholm and is organized as a parent investment company with a dormant subsidiary.

Ask about the company
Net income860m SEK
+103.1 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-2,000-1,00001,0002,000m SEK2020: EBIT -179 m SEK20202021: EBIT 1,245 m SEK20212022: EBIT -1,651 m SEK20222023: EBIT 226 m SEK20232024: EBIT 409 m SEK20242025
RevenueOperating profit (EBIT)
Ask Clarifo about Investment AB Öresund

Business

Share of revenue
Listed equity investments70 %

Ownership stakes in Nordic listed companies held for capital appreciation and influence.

Unlisted equity investments15 %

Private or less liquid holdings valued through internal assessment and transaction references.

Portfolio management and stewardship15 %

Active ownership, board influence, and long-term development of portfolio companies.

Customers

Öresund does not sell products to end customers; its economic counterparties are shareholders and the portfolio companies it invests in. Shareholders buy exposure to a diversified, actively managed Nordic investment portfolio, while portfolio companies receive a long-term owner that can support strategy, capital structure, and governance. The business is therefore driven by capital allocation rather than operating sales.

Public shareholders

Buy Öresund shares for exposure to a diversified Nordic investment portfolio and active ownership model.

Portfolio companies

Receive capital, governance support, and long-term ownership from Öresund.

Co-investors and other owners

Partner with Öresund in portfolio companies where aligned long-term ownership matters.

Strategy

Öresund’s strategy is to invest in attractively valued Nordic companies where it can act as an active and long-term owner. It focuses on fundamental analysis, long holding periods, and value creation through operational improvement, capital structure optimization, and portfolio diversification.

Active ownershipMedium term

Influence portfolio companies’ operational, financial, and strategic position to create value.

Long-term capital allocationLong term

Hold investments as long as value creation potential remains attractive.

Risk diversificationMedium term

Reduce concentration risk across the equity portfolio while preserving upside.

Fundamental investment analysisShort term

Focus on durable earnings power rather than short-term quarterly noise.

Geography

Öresund’s investment focus is Nordic, with capital deployed primarily in companies across Sweden, Denmark, Norway, and Finland. The company is listed in Sweden and its portfolio can also include a small amount of foreign securities, but the core geographic exposure remains the Nordic region.

Risks

Öresund’s main risk is market risk, because the value of its portfolio depends on equity prices and valuation multiples. It is also exposed to concentration, liquidity, currency, credit, counterparty, financing, and operational risks, including indirect exposure through portfolio companies and valuation uncertainty in unlisted holdings.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market risk1Concentration risk2Valuation uncertainty in unlisted holdings3Liquidity risk4Currency risk5
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Market riskImpact: HighLikelihood: High

    Portfolio values move with equity markets and valuation multiples.

    Exposure: Listed and unlisted holdings

  2. Concentration riskImpact: HighLikelihood: Medium

    Returns can be affected by a limited number of holdings or sectors.

    Exposure: Equity portfolio

  3. Valuation uncertainty in unlisted holdingsImpact: MediumLikelihood: High

    Fair values rely on assumptions, multiples, or transaction references.

    Exposure: Private/less liquid investments

  4. Liquidity riskImpact: MediumLikelihood: Low

    Some holdings may be difficult to sell quickly without price impact.

    Exposure: Less liquid securities

  5. Currency riskImpact: LowLikelihood: Low

    Foreign securities and cross-border exposures can affect reported value.

    Exposure: Non-Swedish holdings

Ask Clarifo about Investment AB Öresund

Accounting

Judgemental items
Fair value measurement of investments

Portfolio companies and securities are remeasured, creating earnings volatility.

Impact: Reported profit and equity can move with market prices

Valuation of unlisted holdings

Models, multiples, and transaction references require judgment.

Impact: Small assumption changes can move carrying values materially

Derivative and swap accounting

Synthetic share repurchases and swap agreements affect finance income and liabilities.

Impact: Can change both P&L and balance sheet presentation

Realized vs unrealized gains

Investment companies often report both realized disposal gains and unrealized value changes.

Impact: Cash generation may differ from accounting profit

Similar listed companies

Publicly listed companies with a comparable business focus.

Healthier Choices Management Corp.

HCMC · Tobacco Products

Hong Yuan Holding Group

HGYN · Plastic Materials, Synth Resins & Nonvulcan Elastomers

Valuence Merger Corp. I

VMCUF · Blank Checks

American Exceptionalism Acquisition Corp. A

AEXA · Blank Checks

Artificial Intelligence Technology Solutions Inc.

AITX · Services-Prepackaged Software

Amgen Inc

AMGN · Biological Products, (No Diagnostic Substances)

Last updated: 24/09/2026