SEAFNasdaq StockholmFinancialsIFRS · SEK

Seafire

Seafire is a Swedish company group founded in 2016, focused on acquiring and developing profitable companies through active and long-term ownership. The company operates with a decentralized model, allowing its subsidiaries to function independently while benefiting from strategic guidance and support from the parent company. Seafire's operations are divided into two main segments: Industrial Components and Products, which encompass a variety of businesses ranging from mineral processing to consumer products. The group emphasizes growth through acquisitions and operational improvements, aiming to enhance profitability and cash flow.

Ask about the company
Revenue929m SEK
+2.7 %y/y
Operating profit (EBIT)5.0m SEK
+104.8 %y/y
EBIT margin0.5%
+12.1 ppy/y
Net income-4.0m SEK
+97.0 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

-50005001,0001,5002,000m SEK2021: 421 m SEK2021: EBIT 17 m SEK20212022: 851 m SEK2022: EBIT 81 m SEK20222023: 1,000 m SEK2023: EBIT 13 m SEK20232024: 905 m SEK2024: EBIT -105 m SEK20242025: 929 m SEK2025: EBIT 5.0 m SEK2025TTM 2026: 1,650 m SEKTTM 2026: EBIT 22 m SEKTTM1,65022
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Industrial Components71 %

Includes manufacturing and processing of industrial materials and components.

Products29 %

Comprises consumer goods and technology solutions for various markets.

Customers

Seafire serves a diverse range of customer segments through its subsidiaries. The Industrial Components segment caters to businesses in manufacturing and industrial sectors, providing essential components and materials. The Products segment targets both B2B and B2C markets, offering consumer goods and specialized technology solutions. Customers are primarily located in Sweden and the Nordic region, benefiting from Seafire's local expertise and market knowledge. The company's decentralized model allows subsidiaries to tailor their offerings to specific customer needs, enhancing customer satisfaction and loyalty.

Manufacturing Companies

Purchase industrial components for production needs.

Retailers and Distributors

Buy consumer products for resale.

Agricultural Businesses

Utilize technology solutions for farming efficiency.

Strategy

Seafire's strategic priorities focus on profit growth, cash flow improvement, and operational leverage. The company aims to achieve these through a decentralized management approach, fostering a culture of decisive action and innovation. Acquisitions remain a key component of Seafire's growth strategy, with a pipeline of potential targets that align with its industrial value creation goals. Additionally, the company emphasizes improving gross margins and optimizing working capital to enhance financial performance.

Profit Growth and Cash Flow ImprovementMedium term

To enhance financial stability and shareholder value.

AcquisitionsLong term

To expand market presence and industrial value.

Geography

Q4/2025

Seafire primarily operates in Sweden and the Nordic countries, where it has established a strong market presence. The company's subsidiaries are strategically located to serve local markets efficiently, leveraging regional expertise. While the primary exposure is to the Nordic region, the company remains vigilant of global geopolitical developments that could impact its operations. The decentralized structure allows Seafire to adapt quickly to regional market conditions, ensuring resilience and growth.

Sweden82 %
Pohjoismaat (ilman Ruotsia)11 %
Eurooppa (ilman Pohjoismaita ja Ruotsia)7.3 %
Muu maailma (ilman Eurooppaa, Pohjoismaita ja Ruotsia)0.4 %

Share of the revenue the company reports by geography.

Risks

Seafire faces several risks, including geopolitical instability and market volatility, particularly in the Nordic region. The company's decentralized model requires effective management of subsidiary operations to mitigate risks associated with operational inefficiencies. Additionally, global conflicts and trade disputes could impact supply chains and market demand. Financial risks include exposure to interest rate fluctuations and the need for effective cash flow management to support growth initiatives.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Geopolitical Instability1Operational Inefficiencies2
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 InstabilityImpact: HighLikelihood: Medium

    Could affect market conditions in the Nordic region.

  2. Operational InefficienciesImpact: MediumLikelihood: Medium

    Decentralized model requires effective subsidiary management.

Accounting

Judgemental items
Revenue Recognition

Critical for accurate financial reporting and compliance with IFRS.

Contingent Considerations

Linked to subsidiary earnings growth, affecting financial forecasts.

Similar listed companies

Publicly listed companies with a comparable business focus.

SEB

SEB-A · Financials

Dustin Group

DUST · Technology

NIBE Industrier

NIBE-B · Industrials

Viaplay Group

VPLAY-B · Telecommunications

Berner Industrier

BERNER-B · Industrials

Addtech

ADDT-B · Industrials

Last updated: 24/09/2026