CREAD-ANasdaq StockholmFinancialsIFRS · SEK

Creades

Creades AB is a Swedish investment company based in Stockholm that owns and manages a portfolio of listed and unlisted holdings. It acts as a long-term engaged owner, mainly in smaller and mid-sized Nordic companies, and also actively manages selected listed investments.

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Operating profit (EBIT)0.0m SEK
−100.0 %y/y
Net income0.0m SEK
−100.0 %y/y

Fiscal year 2025 · change from previous year

Development 2020–2025

-4,000-2,00002,0004,0006,000m SEK2020: EBIT 3,657 m SEK20202021: EBIT 4,222 m SEK20212022: EBIT -3,961 m SEK20222023: 509 m SEK2023: EBIT 522 m SEK20232024: 1,262 m SEK2024: EBIT 1,180 m SEK20242025: EBIT 0.00 m SEK20250.00
RevenueOperating profit (EBIT)
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Business

Share of revenue
Private and public equity investments70 %

Direct investments in smaller and mid-sized listed and unlisted companies.

Listed portfolio management20 %

Active management of quoted holdings with long-term upside potential.

Investment income and exits10 %

Returns from dividends, distributions, and realized gains on investments.

Customers

Creades does not sell products to end consumers; its capital is deployed into portfolio companies and its economic return comes from those investments. Its counterparties are founders, owners, management teams, boards, and other shareholders in Nordic companies where it can take an active ownership role. The company also serves Creades' own shareholders by seeking risk-adjusted returns through capital growth and investment income.

Private company owners and founders

They sell minority or majority stakes to Creades for capital and an active long-term owner

Listed company shareholders

They partner with Creades in quoted holdings where it seeks long-term revaluation

Management teams and boards

They work with Creades on growth, efficiency, and strategic development

Creades public shareholders

They buy Creades shares to gain exposure to the investment portfolio

Strategy

Creades seeks opportunistic investments where it can act as an engaged owner and help build long-term value. Its strategy combines ownership influence, active portfolio management, and a preference for businesses with predictable customer behavior and room for revaluation.

Active ownership in portfolio companiesMedium term

Influence can improve strategy, operations, and capital allocation

Nordic small and mid-cap focusLong term

The mandate targets companies where engaged ownership can matter most

Value creation through revaluation and growthMedium term

Returns depend on both multiple expansion and business improvement

Geography

Creades is headquartered in Stockholm and its investment focus is primarily Sweden and the wider Nordic region. The portfolio can also include listed holdings with broader geographic exposure, but the core mandate remains Nordic and especially Swedish companies.

Risks

Creades is exposed to market risk because the value of its portfolio can move with equity prices and valuation multiples. As an investment company, it also depends on the performance of a concentrated set of holdings, so company-specific setbacks in portfolio businesses can materially affect results.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Market risk in portfolio valuations1Concentration risk2Valuation and liquidity risk in unlisted assets3Currency risk4
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 risk in portfolio valuationsImpact: HighLikelihood: Medium

    Equity and private-market values fluctuate with market sentiment and fundamentals

    Exposure: Listed and unlisted holdings

  2. Concentration riskImpact: HighLikelihood: Medium

    A few large holdings can dominate net asset value and returns

    Exposure: Portfolio construction

  3. Valuation and liquidity risk in unlisted assetsImpact: MediumLikelihood: Low

    Fair values rely on estimates and exits may take time

    Exposure: Private investments

  4. Currency riskImpact: MediumLikelihood: Low

    Underlying portfolio companies may have foreign-currency exposure

    Exposure: Indirect through holdings

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Accounting

Judgemental items
Fair value measurement of portfolio investments

Reported earnings depend on valuation changes in listed and unlisted holdings

Impact: Can create large unrealized gains or losses

IFRS 10 investment company exemption

Portfolio companies are not consolidated, changing presentation versus operating groups

Impact: Results reflect investment returns rather than line-by-line operating revenue

IFRS 9 financial instruments

Unlisted holdings are measured at fair value using judgmental inputs

Impact: Valuation assumptions can materially affect NAV and profit

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Last updated: 24/09/2026

Creades (CREAD-A) Revenue, Earnings & Financials 2024 – Clarifo