FERRONasdaq StockholmElectrical Equipment & PartsIFRS · SEK

Ferroamp

Ferroamp is a Swedish greentech company that develops energy- and power-optimization systems for buildings. Its platform combines smart inverters, cloud-based software, and modular hardware that help property owners manage solar power, battery storage, and electric vehicle charging.

Revenue355m SEK
+380.0 %y/y
Operating profit (EBIT)-106m SEK
−171.8 %y/y
EBIT margin-29.9%
+22.9 ppy/y
Net income-107m SEK
−168.1 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

-200-1000100200300400m SEK20222023: 46 m SEK2023: EBIT -28 m SEK20232024: 74 m SEK2024: EBIT -39 m SEK20242025: 355 m SEK2025: EBIT -106 m SEK2025355-106
RevenueOperating profit (EBIT)

Business

Share of revenue
EnergyHub platform45 %

Smart inverter and control hardware that coordinates building electricity flows.

Cloud software services20 %

Cloud-based monitoring, optimization, and control software for customers and partners.

Energy storage and EV integration20 %

Solutions that connect batteries, solar generation, and electric vehicle charging.

Power-Share and multi-building solutions10 %

Systems that enable energy sharing and coordination across multiple properties.

Integration and partner services5 %

Technical integration with third-party hardware, software, and installer networks.

Customers

Ferroamp sells to property owners who want more control over electricity use, local generation, and load balancing. The company also serves residential and commercial end markets through installers and resellers that specify and install its systems. Its solutions are relevant where solar panels, batteries, and EV charging need to work together in a building or across several buildings.

Property owners

Buy EnergyHub-based systems to optimize electricity use, self-consumption, and grid connection control.

Villa owners

Buy integrated solar, battery, and EV charging solutions for home energy management.

Housing cooperatives and apartment associations

Buy modular systems to manage shared electricity assets and building-level optimization.

Installers and resellers

Buy and specify Ferroamp products as the route to market and installation channel.

Software and hardware integration partners

Integrate complementary services and equipment to extend the platform's functionality.

Strategy

Ferroamp’s strategy centers on optimizing electricity use through a modular platform that can be expanded over time and connected across buildings. The company emphasizes patents, product innovation, and partner-led distribution to strengthen its position in distributed energy management. It also highlights international expansion and a broader product portfolio as ways to scale the business.

Platform expansion and product developmentMedium term

A broader modular platform increases customer value and supports upselling over time.

Partner-led market accessShort term

Installers and resellers are the main route to market and determine deployment scale.

European expansionMedium term

New geographies can broaden demand beyond the Swedish core market.

Energy-sharing and decentralised grid use casesLong term

These use cases differentiate the platform and deepen customer adoption.

Geography

Ferroamp is rooted in Sweden and its disclosures emphasize the Swedish building and property market as the core demand base. The company also describes plans for European expansion, which matters because its products are sold through partner channels and depend on local installer and regulatory ecosystems. Its exposure is tied to electricity prices, electrification trends, and policy conditions in the markets where it operates.

Risks

Ferroamp faces financing risk, because product development, production scaling, and expansion require capital and access to favorable funding. It is also exposed to competition, supply-chain disruptions, and regulatory complexity in the electrification and energy-equipment markets. Demand can weaken when electricity-related investment slows, while international expansion increases operational and execution risk.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Capital and financing risk1Competitive technology risk2Supply-chain and component availability risk3Regulatory and compliance risk4Macro and demand 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. Capital and financing riskImpact: HighLikelihood: Medium

    The company may need additional funding to finance operations, investment, and product development.

    Exposure: Product development and production scaling

  2. Competitive technology riskImpact: HighLikelihood: Medium

    Competing vendors can launch similar energy-optimization products and take market share.

    Exposure: Patented platform and new product launches

  3. Supply-chain and component availability riskImpact: HighLikelihood: Medium

    Semiconductor and electronics shortages can disrupt manufacturing and deliveries.

    Exposure: Hardware production and delivery timelines

  4. Regulatory and compliance riskImpact: MediumLikelihood: Medium

    Energy, product, and partner compliance requirements can be time-consuming and costly.

    Exposure: Own operations and partner ecosystem

  5. Macro and demand riskImpact: MediumLikelihood: Medium

    Lower investment appetite, inflation, and recessionary conditions can slow adoption.

    Exposure: Swedish and European electrification markets

Accounting

Judgemental items
Capitalized development costs

Internally developed technology is amortized over five years, affecting operating profit and asset values.

Impact: Development spending and amortization

Impairment of intangible assets

Patents, software, and capitalized development may need write-downs if expected benefits weaken.

Impact: Balance sheet carrying values and earnings

Inventory valuation

Hardware products and components can become obsolete or require write-downs if demand or supply changes.

Impact: Gross margin and working capital

Revenue recognition

Hardware, software, and integration elements may be recognized at different points in time.

Impact: Quarterly revenue timing and comparability

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026