CARENasdaq StockholmSecurity & Protection ServicesIFRS · SEK

Careium

Careium is a Sweden-based technology-enabled care company that provides personal alarms, connected care devices, and related monitoring services for older adults and other people who need support. Its business combines hardware, software, alarm receiving centres, installation, and recurring service contracts across Europe.

Revenue2.0m SEK
−99.8 %y/y
Operating profit (EBIT)49.2m SEK
+82,828,182.8 %y/y
EBIT margin2,460.0%
+2,460.0 ppy/y
Net income35.8m SEK
−41.9 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-20002004006008001,000m SEK2022: 725 m SEK2022: EBIT -16 m SEK20222023: 825 m SEK2023: EBIT 59 m SEK20232024: 854 m SEK2024: EBIT 0.00 m SEK20242025: 2.0 m SEK2025: EBIT 49 m SEK20252.049
RevenueOperating profit (EBIT)

Business

Share of revenue
Products27 %

Hardware devices and related equipment used for personal safety and care monitoring.

Services73 %

Recurring monitoring, alarm response, installation, and support services.

Customers

Careium sells to municipalities, care organizations, insurance companies, and private individuals, with end users typically being seniors or others needing assistance. The offering is designed to help customers provide safer, more independent living while improving the efficiency of care delivery.

Municipal care administrations

Buy alarm and monitoring solutions for public care provision and procurement frameworks

Care organizations

Use hardware, software, and monitoring services to support care operations

Insurance companies

Purchase or reimburse safety and monitoring solutions for policyholders

Private individuals and families

Buy direct solutions for home safety, reassurance, and independence

End users

Use the devices and services to stay safe and connected at home

Strategy

Careium’s strategy is built around combining recurring service revenues with hardware and software that support safer, more independent living. The company emphasizes innovation, digital care solutions, and long-term customer relationships in markets where public care systems and aging populations support demand.

Grow recurring service salesMedium term

Recurring contracts improve visibility and deepen customer relationships in care markets

Advance digital care solutionsMedium term

Software-enabled monitoring and connected devices strengthen differentiation

Maintain reliable service deliveryShort term

The business depends on uninterrupted monitoring and response for end users

Expand in structurally growing European care marketsLong term

Ageing demographics and care capacity constraints support demand

Geography

Careium operates mainly across Europe, with core activity in the Nordics and additional markets in Germany, France, Spain, and the Netherlands. The company manufactures most products in Asia and distributes them through a European warehouse and local alarm receiving centres, which makes supply chain and logistics an important part of the business model.

Risks

Careium’s main risks stem from supply chain dependence, service continuity, information security, and regulatory requirements for connected care products. Because the company handles personal data and relies on Asian manufacturing plus European logistics and monitoring centres, disruptions or compliance failures can affect both operations and trust.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Supply chain disruptions1Service continuity2Information leaks3Changes in legal product requirements4Currency risks5
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. Supply chain disruptionsImpact: HighLikelihood: Medium

    Products are mainly manufactured in Asia and shipped to Europe, creating logistics and lead-time exposure

    ExposureManufacturingFreightWarehouse supply
  2. Service continuityImpact: HighLikelihood: Medium

    Alarm receiving centres must operate reliably to protect end users

    Exposure: Monitoring centres and support operations

  3. Information leaksImpact: HighLikelihood: Medium

    The company processes large amounts of personal data from end users and customers

    Exposure: User privacy and service functionality

  4. Changes in legal product requirementsImpact: MediumLikelihood: Medium

    Connected care products are subject to evolving EU and local regulations

    ExposureProduct designComplianceMarket access
  5. Currency risksImpact: MediumLikelihood: Medium

    Operations and purchases span multiple currencies across Europe and Asia

    Exposure: Cross-border sales and sourcing

Accounting

Judgemental items
Revenue recognition by product vs service

Hardware is recognized differently from recurring monitoring and service contracts, affecting timing and mix

Impact: Product sales and service sales are separately disclosed

Financial lease classification

Some Swedish sales were affected by accounting for financial leases, changing reported net sales timing

Impact: Can shift revenue between periods

Goodwill impairment

Carrying value depends on future earnings and cash flow assumptions for cash-generating units

Impact: Could materially affect assets and profit

Deferred tax assets

Recognition depends on expected future taxable profits and use of loss carryforwards

Impact: Affects tax assets and equity

Credit risk in receivables

Customer payment risk requires individual assessment and provisioning

Impact: Affects operating profit and working capital

Leases under IFRS 16

Offices, premises, equipment, and vehicles create right-of-use assets and liabilities

Impact: Affects balance sheet and EBITDA-like measures

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Careium (XSTO) – Security & Protection Services | Financial Analysis – Clarifo