VOLO-PREFNasdaq StockholmIndustrialsIFRS · SEK

Volati

Volati is a Swedish industrial group focused on owning and developing medium-sized companies. Established in 2003, it aims to be Sweden’s best owner of such companies through strategic acquisitions and sustainable development. The group is structured into three main business areas: Salix Group, Ettiketto Group, and Industry, each contributing to its strong growth and profitability. Volati emphasizes value-creating add-on acquisitions and long-term company development to maintain its growth trajectory.

Revenue8,419m SEK
+7.0 %y/y
Operating profit (EBIT)589m SEK
+9.5 %y/y
EBIT margin7.0%
+0.2 ppy/y
Net income315m SEK
+11.3 %y/y
Free cash flow631m SEK
−6.2 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,00010,000m SEK2021: 6,309 m SEK2021: EBIT 620 m SEK20212022: 7,751 m SEK2022: EBIT 624 m SEK20222023: 7,796 m SEK2023: EBIT 636 m SEK20232024: 7,866 m SEK2024: EBIT 538 m SEK20242025: 8,419 m SEK2025: EBIT 589 m SEK20258,419589
RevenueOperating profit (EBIT)

Business

Share of revenue
Salix Group49 %

Offers products for building and industry, including hardware and consumables.

Ettiketto Group14 %

Provides self-adhesive label solutions.

Industry37 %

Manufactures solutions for grain handling, restoration, and infrastructure.

Customers

Volati serves a diverse range of customers through its business areas. The Salix Group targets the building and industrial sectors, providing hardware, consumables, and packaging solutions. Ettiketto Group caters to businesses needing self-adhesive label solutions, with a strong presence in Europe. The Industry segment serves niche markets with products for grain handling, moisture restoration, and infrastructure. Customers are primarily businesses seeking reliable and innovative solutions to enhance their operations.

Building and Industrial

Purchases hardware and consumables for construction and industrial use.

Label Solutions

Buys self-adhesive labels for packaging and branding needs.

Infrastructure

Requires products for telecom, lighting, and construction projects.

Strategy

Volati's strategy focuses on being a leading owner of medium-sized companies through value-creating acquisitions and sustainable development. The company aims to achieve long-term growth by integrating acquisitions that complement its existing business areas. Strategic priorities include enhancing operational efficiency and expanding its geographic footprint. Volati's financial targets are designed to support its growth model, emphasizing EBITA growth and return on equity.

Value-creating acquisitionsMedium term

To enhance existing business areas and create synergies.

Geographic expansionLong term

To strengthen market position and diversify risk.

Geography

Volati operates primarily in Sweden but has expanded its presence across Europe, particularly through its Ettiketto Group. The acquisition of companies like Interket Group has strengthened its market position in Germany, the Netherlands, and the UK. The group's geographic expansion supports its strategy of sustainable growth and diversification. Manufacturing and operational facilities are strategically located to serve key markets efficiently.

Risks

Volati faces several risks, including geopolitical tensions and trade tariffs that create market uncertainty. The company is also exposed to risks from its acquisition strategy, such as integration challenges and market fluctuations. Industry-specific risks include changes in construction demand and technological advancements that could impact product relevance. Volati actively monitors these risks and implements strategies to mitigate their impact on operations.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical tensions1Acquisition integration challenges2
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. Geopolitical tensionsImpact: HighLikelihood: High

    Impact global market stability and trade conditions.

  2. Acquisition integration challengesImpact: MediumLikelihood: Medium

    Could affect operational efficiency and synergy realization.

Accounting

Judgemental items
Revenue recognition

Ensures compliance with IFRS standards and accurate financial reporting.

Discount effect presentation

Impacts finance income and costs, affecting profitability assessment.

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026