Why Ovzon stock moves
Ovzon fell, while OMX Stockholm 30 fell slightly.
Written after the close on ·
Why today
15,984 news analyzed todayOvzon fell, while OMX Stockholm 30 fell slightly.
No company news from that session explains the move.
Over the last five trading days, Ovzon fell clearly, moving against a market that rose slightly.
Insider share purchases by the CEO and CTO came earlier in the week, before the last session.
The latest close is well below the year's high from late May, so the stock has been weak.
Today's move of −5.56% was 3.1 times a normal day's 1.8%. OMX Stockholm 30 moved −0.32% on the same day.
Ovzon −5.56%OMX Stockholm 30 −0.32%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Ovzon.
Ovzon earned more than expected in 3 out of 8 reports.
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 7 out of 8 reports with a measured move, against about 63% of reports from Nordic companies.
Ratings
Price targets
Latest price 36.60 SEK
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expectedSEK
Next reported quarter: expected earnings per share of 0.77 SEK (February 25). For the current fiscal year, expected earnings per share changed from 2.05 SEK three months ago to 2.18 SEK now. 2026 estimate: 2.18 SEK. 2027 estimate: 1.96 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 145 thousand SEK. October 26: Buy about 450 thousand SEK. October 21: Buy about 300 thousand SEK. October 21: Buy about 175 thousand SEK. July 17: Buy about 200 thousand SEK.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across Nordic companies, that happens in about 60% of years. In 2025, the price changed +149% and earnings per share went from -1.45 SEK to 1.22 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: 2 out of 3 years.Market cap (Now): 4.1 bn SEKRevenue 2025: 735 m SEK
What the key figures say about Ovzon
The figures connect what Ovzon 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: -1.45 SEK–1.22 SEK. Peers: Eutelsat Communications -0.52 EUR, Sinch 0.88 SEK, NOS 0.52 EUR. 2026 estimate: 2.18 SEK (2.10 SEK–2.25 SEK). 2027 estimate: 1.96 SEK (1.64 SEK–2.28 SEK).
What the company sold during the year.
2022–2025: 290 m SEK–735 m SEK. Peers: Eutelsat Communications 1.2 bn EUR, Sinch 27.2 bn SEK, NOS 1.9 bn EUR. 2026 estimate: 1.1 bn SEK (1.0 bn SEK–1.1 bn SEK). 2027 estimate: 966 m SEK (906 m SEK–1.0 bn SEK).
The percentage of revenue left after the costs of running the business.
2022–2025: −32.8%–19.0%. Peers: Eutelsat Communications −17.8%, Sinch 4.2%, NOS 23.1%.
Profit as a percentage of shareholders’ money in the company.
2022–2025: −10.2%–7.7%. Peers: Eutelsat Communications −14.5%, Sinch 2.7%, NOS 26.6%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 35.0–35.0. Peers: Sinch 49.2, NOS 10.5. 2026 estimate: 16.8. 2027 estimate: 18.7.
What investors pay for each unit the company sells.
2022–2025: 5.57–8.27. Peers: Eutelsat Communications 1.73, Sinch 1.12, NOS 1.50. 2026 estimate: 3.86. 2027 estimate: 4.23.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.91–2.66. Peers: Eutelsat Communications 0.59, Sinch 1.47, NOS 2.47.
Market cap plus net debt, divided by operating earnings. This includes debt.
2022–2025: 27.5–27.5.
Cash left after investments, divided by the number of shares.
2022–2025: -6.18 SEK–2.59 SEK. Peers: Eutelsat Communications -0.03 EUR, Sinch 3.82 SEK.
The percentage of assets financed by shareholders’ equity.
2022–2025: 57.4%–72.5%.
What followed similar falls?
Including reinvested dividends, Ovzon fell 7.9% over the latest five trading days. Since May 18, 2018, falls at least this large were followed by a higher value 21 trading days later in 18 out of 52 non-overlapping periods. The median was −1.8%, against −1.5% for an ordinary 21-day period, which ended higher 45 times in 100.
Such a fall has not said much about the next month.
−1.8% · 18/52
What to watch next, and why
The earnings report shows how Ovzon's revenue and profit have changed.
- Earnings report
The earnings report shows how Ovzon's revenue and profit have changed.
Add to calendar
More about Ovzon
Insider trades
People on the board and in management must report their trades in the share to Finansinspektionen, Sweden's financial supervisor.
- Martin Eriksson, senior executiveBuyabout 145 thousand SEK
- Per Norén, CEOBuyabout 450 thousand SEK
- Harri Larsson, board memberBuyabout 300 thousand SEK
- André Löfgren, CFOBuyabout 175 thousand SEK
- Harri Larsson, board memberBuyabout 200 thousand SEK
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Ovzon usually moved about 5.8%. On a normal day it moves 1.8%.
+5.82% Why? −2.26% −6.07% +11.98%
10,000 SEK in Ovzon bought on May 18, 2018 is worth 10,400 SEK today, with dividends reinvested.
The same amount in OMX Stockholm 30 with dividends would have become 25,600 SEK.
What would 10,000 SEK in Ovzon be worth today? →
What would 10,000 SEK in Ovzon be worth today?
10,400 SEK
with dividends reinvested, bought on May 18, 2018. The same amount in OMX Stockholm 30 with dividends would have become 25,600 SEK.
At worst it was worth 1,500 SEK (November 22, 2023).
The five biggest days of the journey
· +51.1% · the whole market rose 1.2% the same day
· +46.6% · the whole market fell 0.6% the same day
· −28.3% · the whole market fell 2.1% the same day · report day
· +27.4% · the whole market fell 0.8% the same day · report day
· +26.9% · the whole market fell 0.1% the same day
Earlier days
−6.58% market −0.11% Ovzon fell clearly over the week while the broader market was roughly flat. Read →
Ovzon fell clearly over the week while the broader market was roughly flat.
The move was an ordinary size for the stock and trading was around its usual level.
Company news in the window was limited to an analyst note on Wednesday 4 November that set a higher fair-value estimate, an earlier share purchase by the CEO, and the CTO's shareholding increase, which came before the week.
The next earnings report is due Thursday 25 February 2027.
+12.39% market +3.01% Ovzon rose sharply over the week, clearly more than the broader Stockholm market. Read →
Ovzon rose sharply over the week, clearly more than the broader Stockholm market.
The move was big for this stock, with only a handful of similar weeks in the past year.
The main drivers likely include the strong Q3 report on 21 October, with order intake and profit rising, and insider share purchases by the CEO and CTO in the last days of the week.
A new NATO order announced on 23 October also likely supported sentiment.
+5.96% market +0.41% Ovzon rose sharply, moving more than the market. Read →
Ovzon rose sharply, moving more than the market.
Its CEO Per Norén bought shares, which was already known before that session opened.
No company news from that session clearly explains the move.
Over the last five trading days Ovzon rose very sharply, far more than the market's sharp rise.
That was a very big move, about three times a normal five-day stretch for Ovzon.
+3.89% market +0.33% Ovzon rose sharply. Read →
Ovzon rose sharply.
Ovzon's CEO Per Norén and CFO André Löfgren have both bought shares recently, which may have supported sentiment.
Over the last five trading days, Ovzon rose sharply, moving well more than the broader OMX Stockholm 30 index.
The strong move followed a quarter with higher order intake and profit, plus new defense orders from NATO customers.
Next, watch the full-year report on Thursday 25 February 2027.
−1.30% market +0.96% Ovzon fell slightly, against a rising market. Read →
Ovzon fell slightly, against a rising market.
No company news from that session explains the move, which was an ordinary-sized day for Ovzon.
Over the last five trading days the stock rose sharply, while the market was roughly flat.
That rise was a big move for Ovzon, and such moves have happened about 12 times in the past year.
Likely drivers include the third-quarter report, with higher order intake (new orders) and better profit, and a follow-on NATO order worth 39 million SEK (about 3.9 million USD) announced last week.
+6.08% market +1.57% Ovzon rose, moving more than the OMX Stockholm 30, which rose clearly. Read →
Ovzon rose, moving more than the OMX Stockholm 30, which rose clearly.
Over the last five trading days, Ovzon rose sharply while the OMX Stockholm 30 fell slightly.
That is a big move for Ovzon, about twice a normal five-day stretch, and comparable moves happened about 12 times in the past year.
The most recent company news is the quarterly report, published before the last session, which showed order intake of 119 MSEK (million Swedish kronor), up from 72, and profit for the period of 47 MSEK, up from 28.
A supplementary NATO order worth 39 MSEK also came in the same week.
+1.22% market +0.41% Ovzon rose slightly without a clear company trigger; the move was ordinary. Read →
Ovzon rose slightly without a clear company trigger; the move was ordinary.
Over the same day OMX Stockholm 30 rose slightly, so Ovzon moved roughly with the market.
The main news that day was a supplementary order from a NATO customer, worth about 39 MSEK.
The order is for more mobile satellite terminals, with delivery in late 2026 and early 2027.
Over the last five trading days Ovzon rose slightly, while the broader market fell sharply.
+1.81% market −3.67% Ovzon rose slightly over the last five trading days, moving against a sharply falling market. Read →
Ovzon rose slightly over the last five trading days, moving against a sharply falling market.
The move was ordinary in size for the stock.
Strong quarterly results lifted sentiment, with profit rising and order intake jumping as new defense customers came in, including a 39 MSEK (million Swedish kronor) follow-on order from a NATO customer.
Analysts DNB Carnegie and Danske Bank cut their price targets, the fair value they see for the shares, but kept buy ratings, which tempered the gain.
+5.82% market +0.17% Ovzon rose sharply on its quarterly report. Read →
Ovzon rose sharply on its quarterly report.
Ovzon moved clearly apart from the market, which was roughly flat that day.
Order intake, revenue and profit beat expectations, and analysts praised lower operating costs.
Trading was about three times a normal day, and the move was about a usual report-day move for the company.
Over the last five trading days Ovzon rose clearly while the OMX Stockholm 30 fell slightly.
Learn more · Why do stocks go up and down?