MilDef Group AB/Skr MILDEF

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About MilDef Group AB

MilDef Group AB operates in the defense and security industry, specializing in the design and manufacturing of rugged electronics and IT solutions for military and demanding sectors. Its product portfolio includes rugged computers, communication devices, and customized electronics designed to withstand harsh environments. The company was founded in 1997 and is headquartered in Helsingborg, Sweden. MilDef has a strategic focus on developing robust and reliable technology solutions, catering primarily to defense and security forces worldwide. Its geographic footprint includes various markets in Europe, North America, and the Asia-Pacific region, leveraging its expertise in ruggedized solutions to support mission-critical operations.
Ticker
Skr MILDEF
Primary listing
XSTO
Employees
553
Headquarters
Helsingborg, Sweden
Website
mildef.com

MilDef Group AB Metrics

BasicAdvanced
kr 11B
39.71
kr 5.65
1.10
kr 0.75
0.33%

Bulls say / Bears say

Net sales increased 64% year-over-year in Q2 to SEK 630 million and H1 revenue grew 85% to SEK 1 338 million, driven entirely by organic growth across all geographic markets (MilDef Q2 Interim Report 2026).
Q2 gross margin expanded to 51.9% (from 46.0%) and adjusted EBITA margin rose to 15.8% (from 6.5%), reflecting improved sales mix toward high-value system and software solutions (MilDef Q2 Interim Report 2026).
Secured a SEK 1.5 billion seven-year framework with the Swedish Defence Materiel Administration and extended a Bundeswehr framework potentially worth €527 million plus a €95.4 million call-off, underpinning a multiyear contract backlog (MilDef Q2 Interim Report 2026; Bundeswehr Framework Extension).
Q2 order intake fell 17% to SEK 731 million versus SEK 878 million in Q2 2025, illustrating volatility in booking trends quarter-over-quarter (MilDef Q2 Interim Report 2026).
Free cash flow in Q2 plunged to SEK 7 million from SEK 33 million a year earlier, as increased working capital was tied up to secure future deliveries (MilDef Q2 Interim Report 2026).
Ongoing global supply-chain bottlenecks in electronic components present execution risk, potentially pressuring margins and delivery schedules (MilDef Q2 Interim Report 2026).
Data summarised monthly by Lightyear AI. Last updated on 27 Aug 2026.

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