Research · refreshed nightly · July 28, 2026
Top Nordic Growth Stocks (July 2026)
Nordic growth companies ranked.
Fifty companies from one small corner of Europe is a remarkable haul, and this list of top Nordic growth stocks keeps producing names global coverage overlooks. Sweden's Plejd leads at an MGI of 75 with a $1.3B cap, Lagercrantz follows at 71, and Nordrest, at just $406M, sits third at 69 while compounding revenue 38% a year.
The median MGI of 59 gives this list real depth for its size, and the texture is unusual: six of the top ten sit under $2B, with defense names MilDef and Ovzon beside quieter companies like Mycronic and ChemoMetec. Smaller caps mean thinner coverage elsewhere, which is exactly what makes the citation-backed analysis behind each name worth the click.
50companies qualify
59median MGI
27joined this week
The ranking
Sorted by MGI
1
Plejd ABPLEJD.SE🇸🇪
Revenue +28%/yr · +27%/yr per share · asset light
G 75V 69O 81Cap $835.1M
MGI
75
MVI
69
MTI
35
MOI
81
Cap
$835.1M
Growth
+28%2
Ascendis Pharma A/SASND🇩🇰
Revenue +157%/yr · +150%/yr per share · asset light
G 75V 58O 78Cap $16.4B
MGI
75
MVI
58
MTI
43
MOI
78
Cap
$16.4B
Growth
+144%3
Sectra ABSECT.B.SE🇸🇪
Revenue +15%/yr · +15%/yr per share · asset light
G 71V 52O 72Cap $4.9B
MGI
71
MVI
52
MTI
28
MOI
72
Cap
$4.9B
Growth
+13%4
Nordrest Holding ABNREST.SE🇸🇪
Revenue +38%/yr · +31%/yr per share · scale economics
G 69V 68O 74Cap $373.8M
MGI
69
MVI
68
MTI
45
MOI
74
Cap
$373.8M
Growth
+30%5
ALK-Abelló A/SALK.B.DK🇩🇰
Revenue +11%/yr · +11%/yr per share · asset light
G 68V 60O 73Cap $7.2B
MGI
68
MVI
60
MTI
31
MOI
73
Cap
$7.2B
Growth
+16%6
Bittium OyjBITTI.FI🇫🇮
Revenue +9%/yr · +9%/yr per share · asset light
G 68V 45O 67Cap $1.2B
MGI
68
MVI
45
MTI
44
MOI
67
Cap
$1.2B
Growth
+9%7
Saab ABSAAB.B.SE🇸🇪
Revenue +18%/yr · +17%/yr per share · scale economics
G 67V 53O 68Cap $35.4B
MGI
67
MVI
53
MTI
38
MOI
68
Cap
$35.4B
Growth
-8%8
AutoStore Holdings Ltd.AUTO.NO🇳🇴
Revenue +14%/yr · +13%/yr per share · asset light
G 67V 58O 70Cap $4.3B
MGI
67
MVI
58
MTI
46
MOI
70
Cap
$4.3B
Growth
-89%9
ChemoMetec A/SCHEMM.DK🇩🇰
Revenue +15%/yr · +15%/yr per share · asset light
G 66V 39O 63Cap $1.9B
MGI
66
MVI
39
MTI
42
MOI
63
Cap
$1.9B
Growth
+22%10
Addtech ABADDT.B.SE🇸🇪
Revenue +12%/yr · +12%/yr per share · scale economics
G 65O 65Cap $9.3B
MGI
65
MTI
38
MOI
65
Cap
$9.3B
Growth
+7%11
INVISIO ABIVSO.DK🇩🇰
Revenue +26%/yr · +26%/yr per share · asset light
G 65V 53O 66Cap $1.4B
MGI
65
MVI
53
MTI
31
MOI
66
Cap
$1.4B
Growth
+53%12
Stille ABSTIL.SE🇸🇪
Revenue +29%/yr · +15%/yr per share · scale economics
G 64V 61O 67Cap $206M
MGI
64
MVI
61
MTI
36
MOI
67
Cap
$206M
Growth
+11%13
Zealand Pharma A/SZEAL.DK🇩🇰
Revenue +143%/yr · +119%/yr per share · asset light
G 63V 53O 64Cap $4.5B
MGI
63
MVI
53
MTI
60
MOI
64
Cap
$4.5B
Growth
+320%14
H. Lundbeck A/SHLUN.B.DK🇩🇰
Revenue +9%/yr · +9%/yr per share · asset light
G 63V 69O 69Cap $6.4B
MGI
63
MVI
69
MTI
43
MOI
69
Cap
$6.4B
Growth
+14%15
Spotify Technology S.A.SPOT🇸🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 61O 68Cap $107.6B
MGI
63
MVI
61
MTI
42
MOI
68
Cap
$107.6B
Growth
+8%16
Evolution AB (publ)EVO.SE🇸🇪
Revenue +15%/yr · +17%/yr per share · asset light
G 62V 64O 69Cap $13.7B
MGI
62
MVI
64
MTI
57
MOI
69
Cap
$13.7B
Growth
-18%17
BioArctic ABBIOA.B.SE🇸🇪
Revenue +113%/yr · +113%/yr per share · asset light
G 62V 69O 67Cap $3.0B
MGI
62
MVI
69
MTI
44
MOI
67
Cap
$3.0B
Growth
-66%18
EQT ABEQT.SE🇸🇪
Revenue +13%/yr · +9%/yr per share · asset light
G 61V 60O 64Cap $40.6B
MGI
61
MVI
60
MTI
44
MOI
64
Cap
$40.6B
Growth
-1%19
Amer Sports, Inc.AS🇫🇮
Revenue +18%/yr · +9%/yr per share · asset light
G 61V 58O 65Cap $19.4B
MGI
61
MVI
58
MTI
44
MOI
65
Cap
$19.4B
Growth
+32%20
Cambi ASACAMBI.NO🇳🇴
Revenue +13%/yr · +13%/yr per share · asset light
G 61V 68O 66Cap $297M
MGI
61
MVI
68
MTI
55
MOI
66
Cap
$297M
Growth
-24%21
Gubra A/SGUBRA.DK🇩🇰
Revenue +73%/yr · -34%/yr per share · asset light
G 61V 64O 65Cap $1.3B
MGI
61
MVI
64
MTI
44
MOI
65
Cap
$1.3B
Growth
+892%22
Kitron ASAKIT.NO🇳🇴
Revenue +21%/yr · +18%/yr per share · scale economics
G 60V 62O 64Cap $1.8B
MGI
60
MVI
62
MTI
48
MOI
64
Cap
$1.8B
Growth
+70%23
Avarda Bank AB (publ)AVARDA.SE🇸🇪
Revenue +25%/yr · +25%/yr per share · asset light
G 60V 60O 63Cap $1.2B
MGI
60
MVI
60
MTI
50
MOI
63
Cap
$1.2B
Growth
+34%24
Carasent AB (publ)CARA.SE🇸🇪
Revenue +10%/yr · +199%/yr per share · asset light
G 60V 67O 64Cap $184.6M
MGI
60
MVI
67
MTI
42
MOI
64
Cap
$184.6M
Growth
+10%25
NKT A/SNKT.DK🇩🇰
Revenue +14%/yr · +8%/yr per share · scale economics
G 59V 23O 39Cap $50.8B
MGI
59
MVI
23
MTI
42
MOI
39
Cap
$50.8B
Growth
+3%26
BioGaia ABBIOG.B.SE🇸🇪
Revenue +15%/yr · +15%/yr per share · asset light
G 59V 56O 61Cap $1.2B
MGI
59
MVI
56
MTI
42
MOI
61
Cap
$1.2B
Growth
+2%27
NORBIT ASANORBT.NO🇳🇴
Revenue +28%/yr · +33%/yr per share · asset light
G 59V 59O 61Cap $1.2B
MGI
59
MVI
59
MTI
45
MOI
61
Cap
$1.2B
Growth
+28%28
Trophy Games Development A/STGAMES.DK🇩🇰
Revenue +33%/yr · +36%/yr per share · scale economics
G 58V 73O 64Cap $56.7M
MGI
58
MVI
73
MTI
46
MOI
64
Cap
$56.7M
Growth
+41%29
CTT Systems ABCTT.SE🇸🇪
Revenue +9%/yr · +9%/yr per share · asset light
G 58V 39O 55Cap $247.9M
MGI
58
MVI
39
MTI
38
MOI
55
Cap
$247.9M
Growth
-20%30
Zinzino ABZZ.B.SE🇸🇪
Revenue +21%/yr · +19%/yr per share · scale economics
G 58V 68O 63Cap $562.6M
MGI
58
MVI
68
MTI
54
MOI
63
Cap
$562.6M
Growth
+27%31
Medistim ASAMEDI.NO🇳🇴
Revenue +11%/yr · +11%/yr per share · asset light
G 58V 59O 60Cap $450.1M
MGI
58
MVI
59
MTI
28
MOI
60
Cap
$450.1M
Growth
+33%32
Haypp Group ABHAYPP.SE🇸🇪
Revenue +12%/yr · +8%/yr per share · scale economics
G 58V 55O 59Cap $428M
MGI
58
MVI
55
MTI
53
MOI
59
Cap
$428M
Growth
+12%33
Zaptec ASAZAP.NO🇳🇴
Revenue +20%/yr · +17%/yr per share · scale economics
G 58V 80O 66Cap $235.6M
MGI
58
MVI
80
MTI
47
MOI
66
Cap
$235.6M
Growth
+40%34
Exsitec Holding ABEXS.SE🇸🇪
Revenue +15%/yr · +14%/yr per share · asset light
G 57V 59O 59Cap $213.6M
MGI
57
MVI
59
MTI
44
MOI
59
Cap
$213.6M
Growth
+6%35
Pexip Holding ASAPEXIP.NO🇳🇴
Revenue +10%/yr · +9%/yr per share · asset light
G 57V 68O 61Cap $817.5M
MGI
57
MVI
68
MTI
45
MOI
61
Cap
$817.5M
Growth
+30%36
Novonesis A/SNSIS.B.DK🇩🇰
Revenue +16%/yr · +5%/yr per share · asset light
G 56V 55O 58Cap $29.0B
MGI
56
MVI
55
MTI
33
MOI
58
Cap
$29.0B
Growth
+14%37
LumenRadio ABLUMEN.SE🇸🇪
Revenue +15%/yr · +12%/yr per share · asset light
G 56V 63O 59Cap $77.9M
MGI
56
MVI
63
MTI
41
MOI
59
Cap
$77.9M
Growth
+4%38
cBrain A/SCBRAIN.DK🇩🇰
Revenue +16%/yr · +16%/yr per share · asset light
G 56V 61O 58Cap $329.8M
MGI
56
MVI
61
MTI
37
MOI
58
Cap
$329.8M
Growth
-6%39
Swedish Orphan Biovitrum ABSOBI.SE🇸🇪
Revenue +15%/yr · +11%/yr per share · asset light
G 56V 60O 60Cap $14.4B
MGI
56
MVI
60
MTI
44
MOI
60
Cap
$14.4B
Growth
+21%40
SATS ASASATS.NO🇳🇴
Revenue +12%/yr · +8%/yr per share · asset light
G 56V 66O 62Cap $830.8M
MGI
56
MVI
66
MTI
47
MOI
62
Cap
$830.8M
Growth
+13%41
Karnov Group ABKAR.SE🇸🇪
Revenue +24%/yr · +22%/yr per share · asset light
G 55V 45O 54Cap $1.1B
MGI
55
MVI
45
MTI
42
MOI
54
Cap
$1.1B
Growth
-7%42
Digia PlcDIGIA.FI🇫🇮
Revenue +9%/yr · +9%/yr per share · asset light
G 55V 63O 58Cap $198.1M
MGI
55
MVI
63
MTI
50
MOI
58
Cap
$198.1M
Growth
+13%43
Photocure ASAPHO.NO🇳🇴
Revenue +13%/yr · +14%/yr per share · asset light
G 54V 70O 59Cap $186.9M
MGI
54
MVI
70
MTI
30
MOI
59
Cap
$186.9M
Growth
+87%44
Dellia Group ASADELIA.NO🇳🇴
Revenue +90%/yr · +63%/yr per share · scale economics
G 53V 76O 59Cap $150.5M
MGI
53
MVI
76
MTI
47
MOI
59
Cap
$150.5M
Growth
+168%45
Asker Healthcare Group ABASKER.SE🇸🇪
Revenue +14%/yr · +3%/yr per share · scale economics
G 53V 56O 55Cap $3.2B
MGI
53
MVI
56
MTI
34
MOI
55
Cap
$3.2B
Growth
+23%46
RVRC Holding ABRVRC.SE🇸🇪
Revenue +11%/yr · +12%/yr per share · asset light
G 52V 59O 54Cap $705M
MGI
52
MVI
59
MTI
48
MOI
54
Cap
$705M
Growth
-29%47
Modern Times Group MTG ABMTG.B.SE🇸🇪
Revenue +25%/yr · +22%/yr per share · scale economics
G 52V 70O 58Cap $1.4B
MGI
52
MVI
70
MTI
55
MOI
58
Cap
$1.4B
Growth
+24%48
CombinedX ABCX.SE🇸🇪
Revenue +14%/yr · +6%/yr per share · asset light
G 52V 68O 56Cap $72.5M
MGI
52
MVI
68
MTI
50
MOI
56
Cap
$72.5M
Growth
+14%
Changed this week
Week over week, from the nightly refresh.
Entered
SATS ASA (SATS.NO) · joined at #40 · Revenue +12%/yr · +8%/yr per share · asset light
EnteredFramery Group Plc (FRAMERY.FI) · joined at #49 · Revenue +14%/yr · -38%/yr per share · asset light
EnteredHaypp Group AB (HAYPP.SE) · joined at #32 · Revenue +12%/yr · +8%/yr per share · scale economics
EnteredSpotify Technology S.A. (SPOT) · joined at #15 · Revenue +13%/yr · +11%/yr per share · scale economics
EnteredSNX.SE (SNX.SE) · since left the ranking
+7 more
YUBICO.SE, STIL.SE, EVO.SE, KAR.SE, PHO.NO, ASKER.SE, DELIA.NO also joined
Left
DVYSR.SE, SNX.SE, APR.NO, YUBICO.SE, GRNG.SE, SNX.SE, LAGR.B.SE, OVZON.SE, MILDEF.SE, MYCR.SE, CAMX.SE, TEQ.SE
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Research tool, not investment advice. Rankings are generated by our models from company filings and market data, refresh nightly, and are identical for every visitor. Scores reflect our methodology and are not recommendations to act. Data as of 2026-07-28.