Why MilDef Group stock moves
MilDef Group fell, more than the broader market.
Written after the close on ·
Why today
16,437 news analyzed todayMilDef Group fell, more than the broader market.
Trading was thin, and no clear company news from that day explains the drop.
A board member's share purchase earlier in the week points the other way and does not explain the fall.
Today's move of −2.45% was 1.3 times a normal day's 1.9%. OMX Stockholm 30 moved −1.01% on the same day.
MilDef Group −2.45%OMX Stockholm 30 −1.01%A little weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for MilDef Group.
MilDef Group earned more than expected in 6 out of 8 reports.
Not in the chart because no estimate and result are available: 1 of the 9 reports in this period, the latest on April 29, 2025.
For comparison, about 46% of reports from Nordic companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 4 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 243.30 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 2.51 SEK (February 4). For the current fiscal year, expected earnings per share changed from 7.31 SEK three months ago to 7.96 SEK now. 2026 estimate: 7.96 SEK. 2027 estimate: 12.00 SEK. People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor. October 26: Buy about 2.3 m SEK. October 23: Buy about 2.3 m SEK. August 31: Buy about 230 thousand SEK. August 14: Sell about 260 thousand SEK. July 22: Buy about 251 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 0 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed −4% and earnings per share went from -5.43 SEK to 3.15 SEK.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.bn SEK
Assets, liabilities and market cap
AssetsLiabilitiesMarket capbn SEK
Price and earnings moved in the same direction: 0 out of 3 years.Market cap (Now): 11.5 bn SEKRevenue 2025: 2.0 bn SEK
What the key figures say about MilDef Group
The figures connect what MilDef Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: -5.43 SEK–3.15 SEK. Peers: CTT Systems 3.14 SEK, Moog $11.84, Leonardo 2.18 EUR. 2026 estimate: 7.96 SEK (7.59 SEK–8.95 SEK). 2027 estimate: 12.00 SEK (8.22 SEK–15.10 SEK).
What the company sold during the year.
2022–2025: 739 m SEK–2.0 bn SEK. Peers: CTT Systems 275 m SEK, Moog $4.3B, Leonardo 21.4 bn EUR. 2026 estimate: 3.1 bn SEK (3.1 bn SEK–3.1 bn SEK). 2027 estimate: 4.2 bn SEK (4.2 bn SEK–4.3 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: 4.0%–10.4%. Peers: CTT Systems 19.7%, Moog 10.6%, Leonardo 8.8%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −20.0%–9.7%. Peers: CTT Systems 15.1%, Moog 18.1%, Leonardo 15.5%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 38.0–218.4. Peers: CTT Systems 44.3, Moog 27.3, Leonardo 22.1. 2026 estimate: 30.6. 2027 estimate: 20.3.
What investors pay for each unit the company sells.
2022–2025: 2.27–4.74. Peers: CTT Systems 6.26, Moog 2.37, Leonardo 1.30. 2026 estimate: 3.70. 2027 estimate: 2.71.
Money paid to shareholders per share, summed by calendar year.
2022–2025: 0.00 SEK–0.75 SEK.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 0.0%–0.9%. Peers: CTT Systems 1.7%, Moog 0.4%, Leonardo 1.3%.
Net debt divided by operating earnings before depreciation and amortisation.
2022–2025: 1.62–4.41. Peers: CTT Systems 0.31, Moog 1.71, Leonardo 1.23.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 3.10–5.16. Peers: CTT Systems 6.55, Moog 4.61, Leonardo 2.79.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 24.8–128.7.
Cash left after investments, divided by the number of shares.
2022–2025: -2.38 SEK–2.72 SEK. Peers: CTT Systems 1.11 SEK, Moog $4.05, Leonardo 1.92 EUR.
The percentage of assets financed by shareholders’ equity.
2022–2025: 52.2%–65.4%.
The dividend explained
A dividend is money paid to shareholders. MilDef Group paid 0.75 SEK per share in the twelve months through November 6, 2026.
On the ex-dividend day, May 22, 2026, MilDef Group traded without the right to the 0.75 SEK dividend. The price went from 186.00 SEK to 188.25 SEK; including the dividend, the day's change was +1.6%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2022: 0.75 SEK2023: 0.00 SEK2024: 0.50 SEK2025: 0.50 SEK2026 so far: 0.75 SEK
What to watch next, and why
The earnings report shows how MilDef Group's revenue and profit have changed.
- Earnings report
The earnings report shows how MilDef Group's revenue and profit have changed.
Add to calendar
More about MilDef Group
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Nicolas Hassbjer, board member (closely associated)Buyabout 2.3 m SEK
- Nicolas Hassbjer, board member (closely associated)Buyabout 2.3 m SEK
- Elisabeth Åbom, board memberBuyabout 230 thousand SEK
- Karin Svalander, senior executiveSellabout 260 thousand SEK
- Viveca Johnsson, CFOBuyabout 251 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days MilDef Group usually moved about 5.7%. On a normal day it moves 1.9%.
−3.25% Why? −4.72% +2.80% +11.93%
10,000 SEK in MilDef Group bought on June 4, 2021 is worth 67,600 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 16,600 SEK.
What would 10,000 SEK in MilDef Group be worth today? →
What would 10,000 SEK in MilDef Group be worth today?
67,600 SEK
with dividends reinvested, bought on June 4, 2021. The same amount in OMX Stockholm 30 with dividends would have become 16,600 SEK.
The five biggest days of the journey
· +32.0% · the whole market fell 0.4% the same day
· −24.9% · the whole market fell 0.4% the same day · report day
· +22.1% · the whole market fell 2.1% the same day
· +20.9% · the whole market rose 1.8% the same day
· +18.5% · the whole market rose 0.9% the same day
Earlier days
−4.96% market −0.11% MilDef Group fell clearly over the last five trading days, while OMX Stockholm 30 stayed roughly flat, so the stock underperformed the market. Read →
MilDef Group fell clearly over the last five trading days, while OMX Stockholm 30 stayed roughly flat, so the stock underperformed the market.
Short positions moved only slightly, and trading volume was well below its usual level, so the fall likely reflected light trading and sector-specific selling pressure rather than a clear company catalyst.
The next earnings report is due Thursday 4 February 2027.
−0.64% market −0.32% MilDef Group barely moved. Read →
MilDef Group barely moved.
No company news explains it.
Over the last five trading days the shares fell clearly while the OMX Stockholm 30 rose slightly, so the stock moved against the market.
Insider buying by a board member, reported before the last session, is background, not a clear cause.
The shares remain well above their lowest close of the past year, though below the highest, set in late October.
−2.30% market +0.83% MilDef Group fell, while OMX Stockholm 30 rose clearly. Read →
MilDef Group fell, while OMX Stockholm 30 rose clearly.
No company news from that session explains the drop.
Over the last five trading days the stock rose slightly, slightly more than the market.
Earlier, a board member bought shares worth about SEK 4.7 million, which is dated background.
The next earnings report is due Thursday 4 February 2027.
+2.11% market −0.08% MilDef Group rose slightly without a company-news explanation. Read →
MilDef Group rose slightly without a company-news explanation.
Over the same day the OMX Stockholm 30 was roughly flat, so the stock moved on its own.
Over the last five trading days MilDef Group rose clearly, well ahead of the market's slight gain.
Recent news was mostly insider share purchases by board members, which show insiders buying their own company's stock but do not by themselves explain a day's move.
The stock sits near its highest level of the past year, after a strong rise from its lows in late March.
−1.72% market +0.48% MilDef Group fell, against a market that rose slightly. Read →
MilDef Group fell, against a market that rose slightly.
No company news from that session explains the move, which was an ordinary day for MilDef Group.
Over the last five trading days the shares rose clearly, moving more than the OMX Stockholm 30 index.
Board member Nicolas Hassbjer bought about 2.3 million SEK of shares on 26 October, before the last session.
Earlier news, including upbeat results and raised price targets, likely supported the recent gains.
−2.62% market −0.29% MilDef Group fell, moving more than the market, which fell slightly. Read →
MilDef Group fell, moving more than the market, which fell slightly.
No company news from that session explains the move.
Over the last five trading days the stock rose sharply, while the market rose clearly.
Its Q3 2026 report, published last week, showed record orders and strong profit, which likely supported the earlier rise.
Trading volume was around its usual level, so the drop was not driven by unusual trading.
+10.97% market +3.01% MilDef Group rose sharply over the last five trading days, clearly more than the broader Stockholm market. Read →
MilDef Group rose sharply over the last five trading days, clearly more than the broader Stockholm market.
The move was helped by its strong third-quarter report on 22 October, which showed record orders and sales.
Board member Nicolas Hassbjer also bought shares for about SEK 4.7 million from 23 to 26 October.
The stock is still near its highest level of the past year.
+7.79% market +0.41% MilDef Group rose without a company-news explanation. Read →
MilDef Group rose without a company-news explanation.
Over the same session, OMX Stockholm 30 rose only slightly, so MilDef moved far more than the market.
The stock rose sharply over the last five trading days too, and trading was well above its usual level.
Its strong third-quarter report last week, with orders more than doubling, is the most likely background to the buying.
Insider buying by a board member this week and a slight drop in short positions may also have added to the move, though neither proves the cause.
+2.30% market +1.57% MilDef Group rose clearly without company news. Read →
MilDef Group rose clearly without company news.
Over the last five trading days the stock fell clearly, while OMX Stockholm 30 fell slightly, so MilDef fell more than the market.
The fall came after a strong third-quarter report, with record orders and sales, and its share price is well above its lowest close of the past year.
The earnings report due 4 February 2027 is the next event to watch.
+0.52% market +0.41% MilDef Group barely moved despite strong quarterly results. Read →
MilDef Group barely moved despite strong quarterly results.
Over the same day OMX Stockholm 30 rose slightly, so MilDef Group moved less than the market.
The move was ordinary for MilDef Group.
Yesterday's report showed order intake more than doubling and sales rising 54%, which was already known before this session opened.
Over the last five trading days MilDef Group fell clearly, moving more than the market, which fell sharply.
−8.81% market −3.67% MilDef Group fell clearly over the last five trading days, more than the broader Stockholm market, which also fell sharply. Read →
MilDef Group fell clearly over the last five trading days, more than the broader Stockholm market, which also fell sharply.
Yesterday's third-quarter report beat expectations, with order intake more than doubling and sales rising sharply, yet the shares still slid.
Analysts at DNB Carnegie and SB1 kept positive views, raising their fair-value estimates.
Investors are likely weighing strong growth against weak cash flow, meaning cash generated after investments, which was negative this quarter.
−3.25% market −2.51% MilDef Group fell after its Q3 report. Read →
MilDef Group fell after its Q3 report.
MilDef Group fell clearly in the last session, moving in line with a sharp drop in the OMX Stockholm 30.
The main driver is likely the third-quarter report published that day, which beat expectations with sales up 54% and order intake up 130%.
Trading was roughly three times a normal session, and the move was smaller than its usual report-day swing.
Over the last five trading days the share fell clearly and moved more than the market, after a strong earlier run-up on a pre-announced upside profit warning.
Learn more · Why do stocks go up and down?