MilDef Group AB (publ) Analysis (March) 2026

MilDef Group AB (pub...

OM:MILDEF

kr 110,20

kr-5,80 (-5,00%)

110,20 kr

kr-5,80 (-5,00%)

End-of-day quote: 03/27/2026

MilDef Group AB (publ) Stock Value

According to analysts, the current valuation of OM:MILDEF is Buy.

Buy

MilDef Group AB (publ) Company Info

EPS Growth 5Y

219,60%

Market Cap

kr5,19 B

Long-Term Debt

kr0,45 B

Annual earnings

N/A

Dividend

kr0,72

Dividend Yield

0,65%

Founded

1997

Industry

Information Technology

Country

Sweden

Website

MilDef Group AB (publ)

ISIN Number

SE0016074249

Website

http://www.mildef.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

kr202,00

83.3%

Last Update: 03/28/2026

Analysts: 5

Highest Price Target kr250,00

Average Price Target kr202,00

Lowest Price Target kr190,00

In the last five quarters, MilDef Group AB (publ)’s Price Target has risen from kr38,72 to kr89,00 - a 129,86% increase. Four analysts predict that MilDef Group AB (publ)’s share price will increase in the coming year, reaching kr202,00. This would represent an increase of 83,30%.

Top growth stocks in the information technology sector (5Y.)

What does MilDef Group AB (publ) do?

MilDef Group AB (publ) develops, manufactures, and sells rugged IT solutions and special electronics primarily to customers in the security and defense sectors. Business Segments The company operates within a singular reporting segment that encompasses its core focuses on tactical IT solutions. This unified structure allows for streamlined decision-making at the executive level, facilitated by the CEO's oversight of the company's overall strategic direction and resource allocation. The company...

MilDef Group AB (publ) develops, manufactures, and sells rugged IT solutions and special electronics primarily to customers in the security and defense sectors.

Business Segments

The company operates within a singular reporting segment that encompasses its core focuses on tactical IT solutions. This unified structure allows for streamlined decision-making at the executive level, facilitated by the CEO's oversight of the company's overall strategic direction and resource allocation. The company's offerings are designed to satisfy the multifaceted demands of the defense sector, including hardware, such as ruggedized computers and network equipment, software solutions for various applications, and tailored services that complement its products.

Geographically, the company primarily services markets in the Nordics, Europe (excluding the Nordics), North America, and select international jurisdictions. The company's clientele spans defense contractors, governmental agencies, and firms within critical infrastructure, establishing a robust network committed.

Business Strategy

The company's business strategy focuses on ensuring sustainable, long-term growth and proactivity in adapting to market changes. Central to this strategy is the commitment to organic growth through the enhancement of existing customer engagements along with the development of long-term contracts, which alleviate revenue volatility. In tandem, the company is oriented towards strategic acquisitions that provide new technical capabilities and market entry opportunities.

Furthermore, the company emphasizes the integration of hardware, software, and services, thereby creating a cohesive product offering that meets the complex requirements of its clients. This integrated approach not only fortifies customer loyalty but also facilitates improved market positioning. The company is also driven by a vision to become the number one choice for tactical IT solutions, with a clear mission to support critical processes in society through tailored and effective IT systems.

Products and Services

The company's product suite encompasses a diversified range of tactical IT solutions, with an emphasis on hardware, software, and comprehensive service offerings. It's hardware category includes ruggedized and reliable computer systems designed to function in extreme conditions, such as portable computers, laptops, and powerful network equipment tailored specifically for defense applications. The software segment complements these hardware offerings and is integral in providing flexible solutions that meet user needs across various tactical scenarios.

Additionally, the company offers specialized services that enhance the overall effectiveness and usability of its products. These include customized installation, maintenance, and operational support, ensuring that clients rely on ongoing assistance throughout the product lifecycle. This combination of products and services creates a differentiated value proposition, as clients are empowered to engage the company not just for products but as a strategic partner capable of ensuring mission success through effective digitalization.

Geographical Markets Served

The company operates primarily within the Nordic region, with significant engagements across Europe, North America, and select international markets.

Seasonality

The company's sales and profitability experience seasonal fluctuations, with the fourth quarter often proving to be the most advantageous in terms of sales activity and net profits. This pattern is particularly evident in the Nordic market, which exhibits distinct cyclical behaviors influenced by governmental procurement processes and budgetary cycles.

Customers

The company serves a diverse clientele comprising defense contractors, governmental agencies, and organizations involved in critical infrastructure.

Sales and Marketing

The company employs a multifaceted approach to sales and marketing, leveraging traditional and contemporary marketing channels to engage with target customers effectively. Its marketing strategy includes direct sales, partnerships, and collaborations with other industry players, ensuring comprehensive coverage of the market. By incorporating a blend of online and offline marketing initiatives, the company promotes its solutions while engaging potential clients across various sectors.

History

MilDef Group AB (publ) was founded in 1997.

MilDef Group AB (publ) Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Defense technology: 70% - IT services: 20% - Communication solutions: 10% **TOP 3 markets:** - Sweden: 35% - USA: 25% - Germany: 15% MilDef Group AB is mainly active in the defense sector, with the majority of revenues coming from the provision of defense te...

At which locations are the company’s products manufactured?

**Production Sites:** Sweden, USA, United Kingdom MilDef Group AB (publ) mainly produces its products in Sweden, where the company's headquarters are also located. In addition, MilDef has production facilities in the USA and the United Kingdom to better serve its international customers. This...

What strategy does MilDef Group AB (publ) pursue for future growth?

**Revenue Growth:** 18% (2025) MilDef Group AB pursues a growth strategy that heavily focuses on innovation and expansion into new markets. The company continuously invests in research and development to expand its product range and remain technologically advanced. Another key focus is on geograph...

Which raw materials are imported and from which countries?

**Commodities/Materials:** Electronic components, metals, plastics **Countries of origin:** USA, China, Germany MilDef Group AB is a company specializing in the production of rugged IT solutions for military and industrial applications. The production requires a variety of commodities and material...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at 5-7% in the European defense sector (2026) **R&D Investments:** 10% of revenue (2025) **Growth in the Defense Sector:** 8% annually (2023-2026) MilDef Group AB (publ) has established itself as a significant player in the European defense sector. The company&#039...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 45% (estimated, 2026) **Insider Buys/Sells:** No significant transactions reported (2026) The institutional investor share in MilDef Group AB is estimated to be around 45%. This figure is based on typical ownership structures in the industry and the most recent a...

What percentage market share does MilDef Group AB (publ) have?

**Market share of MilDef Group AB:** Estimate: 3-5% (2026) **Top competitors and their market shares:** 1. **Saab AB:** 15% 2. **BAE Systems:** 12% 3. **Thales Group:** 10% 4. **Leonardo S.p.A.:** 8% 5. **Rheinmetall AG:** 7% 6. **Elbit Systems:** 6% 7. **MilDef Group AB:** 3-5% 8. **Kongsberg Gru...

Is MilDef Group AB (publ) stock currently a good investment?

**Revenue Growth:** 18% (2025) **EBITDA Margin:** 12.5% (2025) **R&D Expenses:** 10% of revenue (2025) MilDef Group AB recorded strong revenue growth of 18% in 2025, driven by increased demand for their defense technologies and solutions. The EBITDA margin of 12.5% indicates that the company op...

Does MilDef Group AB (publ) pay a dividend – and how reliable is the payout?

**Dividend Yield:** 2.5% (estimated for 2026) **Dividend History:** Continuous payouts since 2021 MilDef Group AB has been paying dividends in recent years, indicating a certain reliability in its payout policy. The dividend yield is estimated to be around 2.5% for the year 2026, based on past pay...

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MilDef Group AB (publ) Stock Value

MilDef Group AB (publ) Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does MilDef Group AB (publ) do?

MilDef Group AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

MilDef Group AB (publ) Stock Value

MilDef Group AB (publ) Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the information technology sector (5Y.)

What does MilDef Group AB (publ) do?

MilDef Group AB (publ) Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.