Ranplan Group

Ranplan Group AB is a Swedish software company that develops and licenses tools for planning, designing and optimizing wireless networks. Its software is used for indoor and outdoor radio planning across technologies such as 4G, 5G and Wi‑Fi, and the group operates through subsidiaries in the UK, China and the United States.

— Ranplan Group
%
Software licenses75% Core licensed software used to plan, design and optimize wireless networks.
Design services15% Project-based network design and related professional services for customers.
Research projects10% Income from externally funded research and development projects.

Ranplan sells mainly to organizations that plan, deploy or integrate wireless networks, especially where indoor...

  • Mobile operatorsprimary

    Buy planning software to model coverage, capacity and optimization for public mobile networks.

  • Telecom equipment vendorsprimary

    Use the software to support sales, network design and solution validation for customers.

  • System integratorssecondary

    Purchase tools for private wireless and enterprise deployments that require detailed radio planning.

  • Research project sponsorssecondary

    Fund collaborative projects that support product development and technical validation.

Ranplan is headquartered in Sweden and listed on Nasdaq First North Stockholm, while its operating footprint spans the...

  • Headquartered in Sweden and listed on Nasdaq First North Stockholm
  • Operating subsidiaries in the UK, China and the United States
  • Customer exposure across Europe, China and North America
  • Russia business was paused after the Ukraine war escalation
  • Foreign exchange swings affect reported results across currencies

Ranplan’s strategy centers on expanding adoption of its wireless planning software in markets where indoor coverage,...

01
Expand software licensing in core telecom and private wireless marketsmedium-term

Recurring licenses are the core commercial engine and scale with customer adoption.

02
Win more indoor and private wireless projectsmedium-term

These applications fit the company's technical strengths in difficult radio environments.

03
Leverage research projects to support product developmentshort-term

Research income can fund development while improving product depth and credibility.

Ranplan faces customer concentration and project-timing risk because software deals and design work can be delayed by...

high

Customer delays and acceptance criteria

Software and project deliveries may be postponed or accepted later than planned.

Scope
Project-based sales and licensing renewals
Materiality
high
high

Financing risk

The business has historically relied on external funding channels and cash discipline.

Scope
Working capital and development funding
Materiality
high
medium

Key personnel dependence

Product development and customer delivery rely on specialized experts and managers.

Scope
Small headcount and technical know-how
Materiality
high
medium

Intellectual property and business secrets

Software value depends on proprietary algorithms and technical know-how.

Scope
Core planning and optimization software
Materiality
high
medium

Geopolitical and foreign exchange exposure

Operations span multiple countries and reported income is affected by currency moves.

Scope
UK, China, US and broader international activity
Materiality
medium
Revenue recognition for licenses and services
Can shift reported revenue between periods
Research project income and tax credits
Affects total income and comparability year to year
Foreign currency translation
Impacts income statement and equity translation reserves
Intangible asset capitalization
Keeps development spending in expenses rather than assets
Operating leases
Affects operating expense timing

: 11/08/2026