Boule Diagnostics

Boule Diagnostics AB is a global diagnostics company specializing in near-patient, decentralized blood diagnostics. The company is unique in the diagnostics market for conducting its own development, manufacturing, and marketing of instruments and consumables for blood diagnostics. Boule primarily serves hospitals, clinics, laboratories, and other diagnostics companies, offering complete systems for hematology in both human and veterinary areas. With strong positions in emerging markets like Asia, Boule has been expanding its presence in the fast-growing veterinary market.

200

1.09

0.74

— Boule Diagnostics
%
Human Diagnostics55% Includes hematology analyzers and consumables for human blood diagnostics.
Veterinary Diagnostics20% Instruments and consumables for veterinary blood diagnostics.
OEM Solutions15% Contract development and manufacturing of reagents and blood controls.
Consumables10% Includes calibration and quality control products for diagnostics.

Boule Diagnostics serves a diverse range of customers, including hospitals, clinics, laboratories, and other...

  • Hospitals and Clinicsprimary

    Purchase hematology analyzers and consumables for patient diagnostics.

  • Veterinary Clinicssecondary

    Use veterinary diagnostics instruments for animal health.

  • OEM Customersemerging

    Contract for reagents and blood controls manufacturing.

Boule Diagnostics operates globally with subsidiaries in Sweden, the United States, Mexico, and Russia...

  • Global operations with subsidiaries in Sweden, USA, Mexico, and Russia
  • Strong presence in emerging markets, especially Asia
  • Products distributed in over 100 countries
  • Local sales and service teams support global distribution
  • Geographic diversity helps mitigate regional economic risks

Boule Diagnostics is focused on expanding its installed base of instruments and enhancing its multi-brand strategy...

01
Expand Installed Basemedium-term

To increase market penetration and recurring revenue from consumables.

02
Strategic Partnershipslong-term

To accelerate access to new technologies and broaden product portfolio.

03
Focus on OEM Marketmedium-term

To capture growth opportunities in reagents and blood controls.

Boule Diagnostics faces several risks, including currency fluctuations, particularly the impact of a weaker US dollar...

high

Currency Fluctuations

Weaker USD impacts revenue and profitability.

Materiality
high
high

Regulatory Changes

Could alter market access and compliance costs.

Materiality
medium
medium

Delayed Payments

Affects cash flow and delivery schedules.

Materiality
medium
Revenue Recognition
Capitalized Development Expenditure
IFRS 16
Lease Accounting (IFRS 16)

: 11/08/2026