ELONNasdaq StockholmConsumer DiscretionaryIFRS · SEK

Elon

Elon is a prominent voluntary retail chain comprising over 800 independent entrepreneurs operating their own stores across Sweden, Norway, Iceland, Finland, and Denmark. The company specializes in providing major domestic appliances, kitchens, lighting, and consumer electronics, along with services and distribution to businesses, organizations, and consumers. By leveraging the strength of a large corporation and the commitment of local entrepreneurs, Elon aims to exceed customer expectations in the Nordic market. The company is a market leader in Sweden's major domestic appliances sector and is a significant player in consumer electronics.

Revenue2.1m SEK
+430.7 %y/y
Operating profit (EBIT)-1.5m SEK
+94.9 %y/y
EBIT margin-71.8%
+7,454.4 ppy/y
Net income-5.6m SEK
+81.5 %y/y
Free cash flow-2.8m SEK
−0.0 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-30-20-10010m SEK2022: 6.8 m SEK2022: EBIT -8.2 m SEK20222023: 3.2 m SEK2023: EBIT -7.9 m SEK20232024: 0.39 m SEK2024: EBIT -29 m SEK20242025: 2.1 m SEK2025: EBIT -1.5 m SEK20252.1-1.5
RevenueOperating profit (EBIT)

Business

Share of revenue
Major Domestic Appliances40 %

Includes large household appliances like refrigerators and ovens.

Consumer Electronics30 %

Encompasses electronic devices for personal and home use.

Kitchens and Lighting15 %

Covers kitchen installations and lighting products.

B2B Solutions15 %

Offers integrated solutions including IT and distribution services.

Customers

Elon's customer base is diverse, serving both individual consumers and businesses across the Nordic region. The B2C segment targets consumers through a robust online platform and a widespread network of physical stores. The B2B segment focuses on relationship-based sales, providing tailored solutions to businesses through both direct and central sales channels. Additionally, the Solutions segment offers integrated services to enhance customer operations, appealing to organizations seeking comprehensive support across their value chains.

B2C Consumers

Purchase home appliances and electronics through online and physical stores.

B2B Clients

Engage in relationship-based sales for tailored business solutions.

Solutions Customers

Require integrated IT and distribution services for operational efficiency.

Strategy

Elon's strategic priorities focus on strengthening its market position in the Nordic region through enhanced customer service and competitive pricing. The company aims to leverage its scale for better procurement terms and to expand its product and service offerings. A key strategic direction involves increasing digital sales channels and improving operational efficiencies through technology integration. Elon is also committed to sustainability, aiming to develop a long-term sustainable business model that supports profitability and growth.

Enhance digital sales channelsMedium term

To capture growing online consumer demand.

Operational efficiency improvementsShort term

To reduce costs and improve margins.

Sustainability initiativesLong term

To align with consumer preferences and regulatory requirements.

Geography

Elon operates extensively across the Nordic countries, with a strong presence in Sweden, Norway, Iceland, Finland, and Denmark. The company's business model benefits from its extensive local store network, which enhances its market reach and customer service capabilities. Manufacturing and distribution operations are strategically positioned to serve these regions efficiently. The Nordic market's diverse economic landscape provides Elon with opportunities to leverage regional strengths and mitigate risks associated with geographic concentration.

Risks

Elon faces several business risks, including market competition and economic fluctuations in the Nordic region. The company's reliance on supplier relationships poses a risk if procurement terms worsen. Additionally, geopolitical tensions could impact supply chains and operations. Industry-specific risks include rapid technological changes and shifts in consumer preferences. Financially, the company must manage currency fluctuations and maintain liquidity to support its growth initiatives.

Sorted by severity
Geopolitical tensionsCritical

May disrupt supply chains.

Market competitionHigh

Could erode market share and margins.

Supplier relationship dependencyMedium

Could lead to unfavorable procurement terms.

Accounting

Judgemental items
Revenue recognition timing

Impacts reported revenue across sales channels.

Inventory valuation

Ensures accurate financial reporting and prevents write-downs.

Currency fluctuations

Affects financial performance reporting.

Publicly listed companies with a comparable business focus.

Last updated: 11/08/2026