Nasdaq StockholmIFRS · SEK

Söder Sportfiske

Söder Sportfiske is a Nordic sport-fishing retailer built around e-commerce and a physical store, with operations centered on selling fishing tackle and related equipment to consumers. The company runs multiple online storefronts across Sweden and Europe and also develops and sells products under its own brands.

Revenue244m SEK
+4.8 %y/y
Operating profit (EBIT)7.3m SEK
−21.5 %y/y
EBIT margin3.0%
−1.0 ppy/y
Net income7.8m SEK
+8.3 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

050100150200250m SEK2022: 218 m SEK2022: EBIT 3.4 m SEK20222023: 223 m SEK2023: EBIT 7.6 m SEK20232024: 232 m SEK2024: EBIT 9.3 m SEK20242025: 244 m SEK2025: EBIT 7.3 m SEK2025TTM 2026: 247 m SEKTTM247
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Sportfishing tackle70 %

Rods, reels, lures, lines, terminal tackle and accessories for modern sport fishing.

E-commerce retail20 %

Online sales through Swedish and international web stores serving direct consumers.

Own brands8 %

Products sold under proprietary labels such as Söder Tackle, Eastfield Lures and Fishline.

Physical retail2 %

In-store sales and customer service through the Söder Sportfiske shop.

Customers

The company sells primarily to individual sport fishers, ranging from beginners to highly engaged hobbyists. Its assortment, content, and brand building are designed to attract customers who want specialist advice, fast delivery, and a curated selection rather than a general sporting-goods offer.

Swedish online consumers

Buy tackle and accessories through the Swedish web stores for convenience, price, and delivery speed.

European e-commerce customers

Purchase through localized international sites for language, assortment, and cross-border access.

Own-brand loyalists

Buy proprietary lures, flies, and branded gear because of product differentiation and brand trust.

In-store shoppers

Visit the physical store for hands-on advice, immediate availability, and specialist service.

Strategy

The company is focused on broadening its assortment, strengthening its own brands, and using content-led marketing to deepen customer engagement. It is also pursuing international expansion through localized e-commerce sites, while continuing to build share in Sweden as consumers shift from physical retail to online channels.

Expand own-brand assortmentMedium term

Proprietary products create differentiation and reduce dependence on third-party brands.

International e-commerce expansionMedium term

Localized sites allow the company to reach larger European fishing markets.

Strengthen digital brand buildingShort term

Organic content and video channels help attract traffic and convert enthusiasts.

Grow the Swedish core marketShort term

The domestic market remains the base for scale, brand recognition and repeat sales.

Geography

Söder Sportfiske is anchored in Sweden, where it has a market-leading online presence and a physical store. It also sells across Europe through localized e-commerce sites, with Germany highlighted as an important market and the broader European market central to its expansion strategy.

Risks

The business depends on digital traffic, social media visibility, and efficient logistics, so changes in platform algorithms, advertising costs, or delivery performance can quickly affect sales. It is also exposed to currency swings, seasonality, inventory risk, and sourcing complexity because much of the assortment is imported and the company sells across multiple European markets.

Sorted by severity
Digital traffic and platform dependenceHigh

Sales rely on search engines, advertising and social media reach.

Exposure: E-commerce visibility and customer acquisition

Foreign exchange volatilityHigh

Revenue and purchases occur in multiple currencies, especially EUR and USD.

Exposure: Gross margin and reported SEK results

Regulatory and trade riskMedium

Cross-border e-commerce and imported goods are affected by customs and product rules.

ExposureImport costsComplianceProduct availability
Seasonality and inventory obsolescenceMedium

Demand is seasonal and the company must stock up ahead of peak periods.

Exposure: Working capital and markdown risk

Supply chain and logistics disruptionMedium

The company depends on external transporters and overseas suppliers.

Exposure: Delivery performance and customer satisfaction

Accounting

Judgemental items
Inventory valuation

Seasonal buying and product cycles can lead to markdowns or obsolescence.

Impact: Affects gross margin and working capital

Goodwill impairment

Acquisitions such as Fishline and Eastfield Lures create goodwill that must be tested.

Impact: Can create non-cash charges to earnings and equity

Foreign currency translation

Sales and purchases in EUR and USD must be translated into SEK.

Impact: Affects revenue, cost of goods sold and reported profit

Seasonality

Demand peaks around fishing seasons and holiday periods.

Impact: Quarterly results are not directly comparable

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026

Söder Sportfiske Revenue, Earnings & Financials 2025 – Clarifo