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Nordic technical services group installing and maintaining electrical, HVAC and plumbing systems in buildings.
Nordic technical services group installing and maintaining electrical, HVAC and plumbing systems in buildings.
Installation projects are won by tender and billed as work progresses, while maintenance contracts on buildings' electrical, heating and ventilation systems bring repeat income; growth has come largely through buying small local installers across Sweden, Norway, Denmark and Finland.
In one line: A Nordic building-services installer like a smaller EMCOR Group.
Moat: narrow (scale, installed base, distribution). Largest Nordic technical-installation platform with recurring maintenance contracts, though installation work is competitive.
Headquarters: Stockholm, Sweden · Founded: 1946 · Employees: 13,832
Size Bravida (BRAV.ST) is a Sweden Industrials company (Engineering & Construction) with a market value of $3.00B, the 59th largest of 221 Sweden companies the cockpit tracks. Shares closed at SEK 143.30 on 6 Nov 2026.
Performance Over six months the shares gained 30.3%, against -13.4% for the median peer and +8.2% for the Sweden market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +6.1%); the operating margin is 6.2% (peer median 4.7%).
Valuation It trades at 19.0× forward earnings against a peer median of 12.2× (3rd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.5 points above its cost of capital (7.6% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | SEK 29.6B | SEK 28.2B | SEK 29.7B | SEK 29.4B | SEK 26.3B |
| Revenue growth | — | -5% | +1% | +12% | — |
| Gross profit | SEK 4.54B | SEK 4.29B | SEK 4.29B | SEK 4.40B | SEK 3.97B |
| EBITDA | SEK 2.49B | SEK 2.30B | SEK 2.22B | SEK 2.32B | SEK 2.16B |
| Net income | SEK 1.51B | SEK 1.23B | SEK 1.06B | SEK 1.23B | SEK 1.27B |
| Free cash flow | SEK 2.25B | SEK 1.30B | SEK 1.84B | SEK 1.30B | SEK 1.45B |
| Capital expenditure | SEK 156M | SEK 156M | SEK 54.0M | SEK 113M | SEK 142M |
| Total debt | SEK 3.53B | SEK 3.59B | SEK 3.10B | SEK 3.24B | SEK 2.61B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bravida BRAV.ST | $3.00B | +30% | +4% | 6% | 19.0× | 5.3% |
| Emcor EME | $26.6B | -34% | +22% | 10% | 15.5× | 6.2% |
| Instalco INSTAL.ST | $1.15B | +9% | +9% | 5% | 18.4× | 10.9% |
| Spie SPIE.PA | $8.64B | -8% | +3% | 6% | 14.5× | 8.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BRAV.ST | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.6% | -3.7% | 9th highest of 21 |
| 6-month return | +30.3% | -13.4% | 3rd highest of 21 |
| Distance from 52-week high | -9.4% | -26.9% | 3rd highest of 21 |
| Revenue growth (TTM) | +4.3% | +6.1% | 10th lowest of 21 |
| Operating margin | 6.2% | 4.7% | 8th highest of 21 |
| Forward P/E | 19.0× | 12.2× | 3rd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 5.3% | 3.1% | 6th most demanding of 17 |
| Growth delivered (Del g) | +5.9% | +9.3% | 7th lowest of 17 |
| Hurdle (Req g minus delivered) | -0.7 pp | -10.0 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | +4.5 pp | +2.6 pp | 8th highest of 19 |
| EV / EBITDA | 12.8× | 8.2× | 4th most expensive of 15 |
| Net debt / EBITDA | 1.0× | 0.5× | 6th most indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bravida BRAV.ST | Sweden | $3.00B | +30% | +4% | 6% | 19.0× | 5.3% | +5.9% |
| L&K Engineering (Suzhou) 603929.SS | China | $2.99B | -50% | +43% | 25% | 14.8× | 7.5% | +39.5% |
| Legence LGN | United States | $3.02B | -72% | +69% | 3% | 12.2× | 29.7% | +69.2% |
| ACME Solar ACMESOLAR.NS | India | $2.95B | +32% | +54% | 66% | 29.6× | n/a | n/a |
| SINOPEC Engineering (Group) 2386.HK | Hong Kong | $3.05B | -13% | +14% | 2% | 9.0× | n/a | n/a |
| Jgc 1963.T | Japan | $2.94B | -18% | -15% | 6% | 10.0× | n/a | n/a |
| Kraftia 1959.T | Japan | $3.10B | -29% | +5% | 12% | 10.8× | 2.8% | +4.0% |
| Shanghai Construction 600170.SS | China | $2.89B | -20% | -22% | 1% | 16.7× | -10.4% | -2.3% |
| Veidekke VEI.OL | Norway | $3.13B | +25% | +8% | 5% | 17.1× | -3.5% | +2.5% |
| Sinoma International Engineering 600970.SS | China | $3.15B | -14% | +3% | 5% | 9.2× | -8.3% | +10.3% |
| EXEO 1951.T | Japan | $2.84B | -22% | +18% | 7% | 12.2× | -5.0% | +6.6% |
| China Communications Services 0552.HK | Hong Kong | $3.19B | -19% | 0% | 2% | 5.7× | n/a | n/a |
| Peab PEAB-B.ST | Sweden | $2.80B | +5% | +4% | 4% | 11.4× | 6.6% | -0.4% |
| Downer EDI DOW.AX | Australia | $3.21B | -6% | -7% | 4% | 15.8× | 11.1% | -3.4% |
| Ventia Services VNT.AX | Australia | $3.24B | -2% | -1% | 7% | 16.1× | -1.4% | +13.7% |
| Morgan Sindall MGNS.L | United Kingdom | $2.77B | -7% | +11% | 5% | 11.7× | -4.7% | +10.6% |
| Elecnor ENO.MC | Spain | $2.76B | -30% | +7% | 4% | 17.0× | -4.9% | +12.3% |
| Bird Construction BDT.TO | Canada | $2.70B | +28% | +7% | 4% | 21.5× | 6.1% | +17.7% |
| Worley WOR.AX | Australia | $3.39B | -16% | -5% | 4% | 12.6× | 5.2% | +2.3% |
| Keller KLR.L | United Kingdom | $2.63B | +24% | +10% | 7% | 11.8× | 4.4% | +8.4% |
| Alten ATE.PA | France | $3.43B | +43% | 0% | 8% | 11.4× | 3.5% | +11.9% |