SBOK-BNasdaq StockholmSpecialty Business ServicesIFRS · SEK

ScandBook Holding

ScandBook Holding AB is a Swedish book-production group with operating subsidiaries in Sweden, Lithuania and Denmark. The company produces black-and-white books in hardback, paperback and pocket formats, and also provides related finishing and display services for publishers and other book buyers.

Revenue489m SEK
+61.4 %y/y
Operating profit (EBIT)45.1m SEK
+59.9 %y/y
EBIT margin9.2%
−0.1 ppy/y
Net income40.7m SEK
−84.5 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

0100200300400500m SEK2022: 110 m SEK2022: EBIT 37 m SEK20222023: 106 m SEK2023: EBIT 9.1 m SEK20232024: 303 m SEK2024: EBIT 28 m SEK20242025: 489 m SEK2025: EBIT 45 m SEK2025TTM 2026: 491 m SEKTTM 2026: EBIT 42 m SEKTTM49142
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Hardback books35 %

Production of hardbound books for publishers and other customers.

Paperback and pocket books40 %

Production of softcover and pocket-format books in black-and-white print.

Printing and prepress services15 %

Digital and offset printing, typesetting, paper selection and production support.

Finishing and display products10 %

Special effects, surface treatments and book displays for finished products.

Customers

ScandBook sells primarily to book publishers in the Nordic region and northern Europe, with additional customers in North America. It also serves organizations and private individuals that need books or catalog-style printed products, typically through order-by-order arrangements for smaller accounts and contract-based pricing for larger publishers.

Book publishers

Buy hardback, paperback and pocket production for fiction and other titles; they value cost, quality and delivery reliability.

Nordic and northern European publishers

Core regional customer base that uses ScandBook for short-run and flexible book manufacturing.

North American publishers

Buy book production services for titles distributed outside ScandBook's home markets.

Organizations and institutions

Order books and catalogues for communication, documentation or branded publishing needs.

Private customers

Use the company for smaller custom print runs and special book orders.

Strategy

ScandBook's strategy is to be the preferred production partner for publishers by combining cost efficiency, flexible delivery and a clear environmental profile. The company also aims to broaden its service offering and expand into additional northern European markets through both organic growth and acquisitions.

Cost-efficient book productionShort term

Publisher customers compare suppliers on unit economics and turnaround time.

Geographic expansion in northern EuropeMedium term

Broader market reach reduces dependence on the Nordic core and supports scale.

Service broadening for publishersMedium term

More integrated services can deepen customer relationships and raise switching costs.

Geography

ScandBook is headquartered in Falun, Sweden, and operates production subsidiaries in Falun, Klaipeda and Viborg. Its commercial focus is the Nordic and broader northern European book market, while the company also serves customers in North America; geography matters because the business depends on efficient cross-border production, logistics and paper supply.

Risks

The business is exposed to publisher demand cycles, shorter print runs and pricing pressure in a competitive book-manufacturing market. It also faces supply-chain, currency and macroeconomic risks because paper, logistics and cross-border production are important inputs, while the company uses acquisitions and multi-country operations to support growth.

Sorted by severity
Demand volatility from shorter print runsHigh

The company serves publishers in a market where smaller editions require flexible production planning.

Exposure: Book manufacturing volumes and capacity utilization

Supply-chain and paper availability riskHigh

Book production depends on paper, printing inputs and timely logistics across countries.

ExposureInput costsLead timesCustomer service levels
Foreign exchange and macroeconomic riskMedium

The group operates across Sweden, Lithuania and Denmark and sells into multiple regions.

Exposure: Cross-border costs and reported earnings

Geopolitical and trade disruptionMedium

Management highlights tariffs, Middle East conflict and global slowdown as external uncertainties.

Exposure: International book and paper flows

Accounting

Judgemental items
Expected credit losses on receivables

The group uses the simplified IFRS 9 approach and estimates lifetime losses on customer receivables.

Impact: Can change reported operating profit and net receivables

Inventory valuation

Raw materials, work in progress and finished goods are key assets in a print business.

Impact: Affects gross margin and working capital

Derivative fair value measurement

Derivative instruments are carried at fair value through profit or loss.

Impact: Can create period-to-period volatility in financial items

Goodwill impairment testing

Acquisition-related goodwill must be tested against discounted cash flow assumptions.

Impact: Could lead to non-cash impairment charges

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

ScandBook Holding (SBOK-B) Revenue, Earnings & Financials 2025 – Clarifo