KebNi

Kebni AB (publ) is a Swedish technology company based in Kista, Stockholm, that develops, produces and sells stabilization-related products for navigation and satellite communications. Its business centers on technically advanced systems and components used in governmental, military and commercial applications worldwide through its group structure and subsidiaries.

— KebNi
%
Stabilized satellite antennas and satcom45% Products and applications for satellite communication and antenna stabilization.
Inertial measurement units (IMUs)35% Sensor platforms used for inertial sensing, navigation and stabilization.
Navigation and stabilization solutions10% Systems and applications that support motion control and positioning.
Engineering and product development10% Customer-linked development work and product improvement activities.

Kebni sells to governmental, military and commercial customers, with a significant part of the customer base operating...

  • Governmental customersprimary

    Buy stabilization and satcom products for mission-critical communications and sensing.

  • Military and defence customersprimary

    Buy IMUs, antennas and related technologies for regulated defence applications.

  • Commercial customerssecondary

    Buy navigation and satcom solutions for industrial and mobility use cases.

  • System integrators and partnerssecondary

    Buy Kebni technology for incorporation into larger platforms and systems.

Kebni is headquartered in Kista, Stockholm and serves customers across the world. The business is international in...

  • Headquartered in Kista, Stockholm, Sweden
  • Sells to customers across global markets
  • Exposure to export-controlled defence markets
  • International delivery and customer approval cycles matter
  • Supply chain and component sourcing are globally linked

Kebni’s strategy is to build standardized and scalable products in stabilised satellite antennas and IMUs while...

01
Scale standardized product platformsmedium-term

Standardized products improve repeatability, manufacturing efficiency and market reach.

02
Expand adjacent technology applicationsmedium-term

New use cases can widen the customer base and reduce dependence on one product line.

03
Strengthen market presence in defence and satcomshort-term

These markets fit the company’s technical capabilities and regulatory know-how.

Kebni faces execution risk from long sales cycles, phased deliveries and dependence on critical components and skilled...

high

Production interruptions

Advanced manufacturing depends on reliable equipment, components and skilled staff.

Scope
Deliveries and customer commitments
Materiality
high
high

Supplier and component risk

Products rely on multiple external suppliers and lead times can be volatile.

Scope
Manufacturing continuity and delivery timing
Materiality
high
high

Export control and regulatory compliance

A large part of the customer base is in defence and subject to strict rules.

Scope
Market access and shipment approvals
Materiality
high
high

Liquidity pressure from phased deliveries

Long sales cycles and staged customer deliveries require forward planning.

Scope
Working capital and financing needs
Materiality
high
medium

IT system disruption and cybersecurity

Operations depend on cloud-based business and information systems.

Scope
Operational continuity and data security
Materiality
medium
Capitalized development costs
Reported operating profit and intangible assets
Goodwill amortization and impairment
Earnings and balance-sheet carrying values
Provisions and other non-cash adjustments
Operating profit and cash-flow reconciliation
Working capital estimates
Cash flow and current assets
Lease and fixed-asset accounting
EBIT and asset carrying values

: 11/08/2026