Research · refreshed nightly · August 17, 2026
Top Nordic Growth Stocks (October 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
1joined this week
The ranking
Sorted by MGI
1
Plejd ABPLEJD.SE🇸🇪
Revenue +28%/yr · +27%/yr per share · asset light
G 75V 68O 81Cap $858.6M
MGI
75
MVI
68
MTI
35
MOI
81
Cap
$858.6M
Growth
+28%2
Ascendis Pharma A/SASND🇩🇰
Revenue +167%/yr · +159%/yr per share · asset light
G 75V 55O 77Cap $18.3B
MGI
75
MVI
55
MTI
43
MOI
77
Cap
$18.3B
Growth
+144%3
Sectra ABSECT.B.SE🇸🇪
Revenue +15%/yr · +15%/yr per share · asset light
G 71V 52O 71Cap $5.0B
MGI
71
MVI
52
MTI
28
MOI
71
Cap
$5.0B
Growth
+13%4
Nordrest Holding ABNREST.SE🇸🇪
Revenue +38%/yr · +31%/yr per share · scale economics
G 69V 68O 74Cap $383.6M
MGI
69
MVI
68
MTI
45
MOI
74
Cap
$383.6M
Growth
+30%5
AutoStore Holdings Ltd.AUTO.NO🇳🇴
Revenue +16%/yr · +14%/yr per share · asset light
G 67V 52O 68Cap $5.3B
MGI
67
MVI
52
MTI
46
MOI
68
Cap
$5.3B
Growth
-89%6
NKT A/SNKT.DK🇩🇰
Revenue +14%/yr · +9%/yr per share · scale economics
G 67V 49O 67Cap $7.3B
MGI
67
MVI
49
MTI
38
MOI
67
Cap
$7.3B
Growth
+3%7
Saab ABSAAB.B.SE🇸🇪
Revenue +18%/yr · +17%/yr per share · scale economics
G 67V 56O 69Cap $32.4B
MGI
67
MVI
56
MTI
38
MOI
69
Cap
$32.4B
Growth
+61%8
ChemoMetec A/SCHEMM.DK🇩🇰
Revenue +15%/yr · +15%/yr per share · asset light
G 66V 39O 62Cap $1.9B
MGI
66
MVI
39
MTI
42
MOI
62
Cap
$1.9B
Growth
+22%9
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%10
ALK-Abelló A/SALK.B.DK🇩🇰
Revenue +11%/yr · +11%/yr per share · asset light
G 65V 55O 68Cap $7.4B
MGI
65
MVI
55
MTI
32
MOI
68
Cap
$7.4B
Growth
+16%11
Addtech ABADDT.B.SE🇸🇪
Revenue +12%/yr · +12%/yr per share · scale economics
G 65O 65Cap $9.5B
MGI
65
MTI
38
MOI
65
Cap
$9.5B
Growth
+7%12
Photocure ASAPHO.NO🇳🇴
Revenue +13%/yr · +14%/yr per share · asset light
G 64V 62O 67Cap $193.3M
MGI
64
MVI
62
MTI
46
MOI
67
Cap
$193.3M
Growth
+14%13
Stille ABSTIL.SE🇸🇪
Revenue +27%/yr · +13%/yr per share · asset light
G 64V 63O 67Cap $192.5M
MGI
64
MVI
63
MTI
36
MOI
67
Cap
$192.5M
Growth
+45%14
Zealand Pharma A/SZEAL.DK🇩🇰
Revenue +112%/yr · +92%/yr per share · asset light
G 63V 52O 64Cap $4.6B
MGI
63
MVI
52
MTI
60
MOI
64
Cap
$4.6B
Growth
+320%15
Spotify Technology S.A.SPOT🇸🇪
Revenue +13%/yr · +11%/yr per share · scale economics
G 63V 61O 68Cap $107.4B
MGI
63
MVI
61
MTI
42
MOI
68
Cap
$107.4B
Growth
+14%16
Evolution AB (publ)EVO.SE🇸🇪
Revenue +15%/yr · +17%/yr per share · asset light
G 62V 62O 68Cap $14.5B
MGI
62
MVI
62
MTI
57
MOI
68
Cap
$14.5B
Growth
-1%17
BioArctic ABBIOA.B.SE🇸🇪
Revenue +113%/yr · +113%/yr per share · asset light
G 62V 68O 67Cap $3.1B
MGI
62
MVI
68
MTI
44
MOI
67
Cap
$3.1B
Growth
-66%18
EQT ABEQT.SE🇸🇪
Revenue +13%/yr · +9%/yr per share · asset light
G 61V 58O 64Cap $42.6B
MGI
61
MVI
58
MTI
44
MOI
64
Cap
$42.6B
Growth
-1%19
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%20
Amer Sports, Inc.AS🇫🇮
Revenue +18%/yr · +9%/yr per share · asset light
G 61V 59O 65Cap $18.7B
MGI
61
MVI
59
MTI
44
MOI
65
Cap
$18.7B
Growth
+32%21
Cambi ASACAMBI.NO🇳🇴
Revenue +17%/yr · +17%/yr per share · asset light
G 61V 67O 66Cap $305.5M
MGI
61
MVI
67
MTI
55
MOI
66
Cap
$305.5M
Growth
-24%22
Avarda Bank AB (publ)AVARDA.SE🇸🇪
Revenue +25%/yr · +25%/yr per share · asset light
G 60V 58O 62Cap $1.3B
MGI
60
MVI
58
MTI
50
MOI
62
Cap
$1.3B
Growth
+34%23
Kitron ASAKIT.NO🇳🇴
Revenue +21%/yr · +18%/yr per share · scale economics
G 60V 60O 63Cap $1.9B
MGI
60
MVI
60
MTI
48
MOI
63
Cap
$1.9B
Growth
+80%24
BioGaia ABBIOG.B.SE🇸🇪
Revenue +15%/yr · +15%/yr per share · asset light
G 59V 55O 61Cap $1.2B
MGI
59
MVI
55
MTI
42
MOI
61
Cap
$1.2B
Growth
+20%25
SmartCraft Group ABSMCRT.SE🇸🇪
Revenue +16%/yr · +14%/yr per share · asset light
G 59V 59O 61Cap $266.9M
MGI
59
MVI
59
MTI
38
MOI
61
Cap
$266.9M
Growth
0%26
Storytel ABSTORY.B.SE🇸🇪
Revenue +13%/yr · +10%/yr per share · scale economics
G 59V 62O 62Cap $715M
MGI
59
MVI
62
MTI
55
MOI
62
Cap
$715M
Growth
+12%27
NORBIT ASANORBT.NO🇳🇴
Revenue +29%/yr · +52%/yr per share · asset light
G 59V 60O 62Cap $1.2B
MGI
59
MVI
60
MTI
45
MOI
62
Cap
$1.2B
Growth
+29%28
Zinzino ABZZ.B.SE🇸🇪
Revenue +21%/yr · +19%/yr per share · scale economics
G 58V 67O 63Cap $577.4M
MGI
58
MVI
67
MTI
54
MOI
63
Cap
$577.4M
Growth
+27%29
Medistim ASAMEDI.NO🇳🇴
Revenue +11%/yr · +11%/yr per share · asset light
G 58V 58O 60Cap $463.2M
MGI
58
MVI
58
MTI
28
MOI
60
Cap
$463.2M
Growth
+33%30
Trophy Games Development A/STGAMES.DK🇩🇰
Revenue +33%/yr · +36%/yr per share · scale economics
G 58V 73O 64Cap $57.9M
MGI
58
MVI
73
MTI
46
MOI
64
Cap
$57.9M
Growth
+41%31
Haypp Group ABHAYPP.SE🇸🇪
Revenue +14%/yr · +10%/yr per share · scale economics
G 58V 54O 59Cap $456.1M
MGI
58
MVI
54
MTI
53
MOI
59
Cap
$456.1M
Growth
+14%32
CTT Systems ABCTT.SE🇸🇪
Revenue +9%/yr · +9%/yr per share · asset light
G 58V 38O 55Cap $254.9M
MGI
58
MVI
38
MTI
38
MOI
55
Cap
$254.9M
Growth
+40%33
Zaptec ASAZAP.NO🇳🇴
Revenue +20%/yr · +17%/yr per share · scale economics
G 58V 79O 65Cap $242.4M
MGI
58
MVI
79
MTI
47
MOI
65
Cap
$242.4M
Growth
+40%34
Bittium OyjBITTI.FI🇫🇮
Revenue +9%/yr · +9%/yr per share · asset light
G 57V 44O 55Cap $1.3B
MGI
57
MVI
44
MTI
44
MOI
55
Cap
$1.3B
Growth
+9%35
Pexip Holding ASAPEXIP.NO🇳🇴
Revenue +10%/yr · +10%/yr per share · asset light
G 57V 67O 61Cap $856.5M
MGI
57
MVI
67
MTI
45
MOI
61
Cap
$856.5M
Growth
+30%36
Exsitec Holding ABEXS.SE🇸🇪
Revenue +14%/yr · +13%/yr per share · asset light
G 57V 59O 59Cap $219.6M
MGI
57
MVI
59
MTI
44
MOI
59
Cap
$219.6M
Growth
+6%37
Novonesis A/SNSIS.B.DK🇩🇰
Revenue +16%/yr · +5%/yr per share · asset light
G 56V 55O 57Cap $29.6B
MGI
56
MVI
55
MTI
33
MOI
57
Cap
$29.6B
Growth
+14%38
SATS ASASATS.NO🇳🇴
Revenue +12%/yr · +8%/yr per share · asset light
G 56V 65O 61Cap $852.3M
MGI
56
MVI
65
MTI
47
MOI
61
Cap
$852.3M
Growth
+13%39
cBrain A/SCBRAIN.DK🇩🇰
Revenue +16%/yr · +16%/yr per share · asset light
G 56V 60O 58Cap $336.6M
MGI
56
MVI
60
MTI
37
MOI
58
Cap
$336.6M
Growth
-6%40
LumenRadio ABLUMEN.SE🇸🇪
Revenue +15%/yr · +12%/yr per share · asset light
G 56V 62O 59Cap $80M
MGI
56
MVI
62
MTI
41
MOI
59
Cap
$80M
Growth
+4%41
Swedish Orphan Biovitrum ABSOBI.SE🇸🇪
Revenue +15%/yr · +11%/yr per share · asset light
G 56V 60O 59Cap $14.8B
MGI
56
MVI
60
MTI
44
MOI
59
Cap
$14.8B
Growth
+21%42
Digia PlcDIGIA.FI🇫🇮
Revenue +9%/yr · +9%/yr per share · asset light
G 55V 62O 58Cap $202.2M
MGI
55
MVI
62
MTI
50
MOI
58
Cap
$202.2M
Growth
+13%43
Karnov Group ABKAR.SE🇸🇪
Revenue +24%/yr · +22%/yr per share · asset light
G 55V 44O 54Cap $1.1B
MGI
55
MVI
44
MTI
42
MOI
54
Cap
$1.1B
Growth
-7%44
H. Lundbeck A/SHLUN.B.DK🇩🇰
Revenue +9%/yr · +9%/yr per share · asset light
G 53V 60O 55Cap $6.5B
MGI
53
MVI
60
MTI
50
MOI
55
Cap
$6.5B
Growth
+14%45
Asker Healthcare Group ABASKER.SE🇸🇪
Revenue +14%/yr · +3%/yr per share · scale economics
G 53V 56O 55Cap $3.3B
MGI
53
MVI
56
MTI
34
MOI
55
Cap
$3.3B
Growth
+17%46
Dellia Group ASADELIA.NO🇳🇴
Revenue +129%/yr · +283%/yr per share · scale economics
G 53V 74O 59Cap $171.3M
MGI
53
MVI
74
MTI
47
MOI
59
Cap
$171.3M
Growth
+168%47
RVRC Holding ABRVRC.SE🇸🇪
Revenue +11%/yr · +12%/yr per share · asset light
G 52V 60O 54Cap $669.3M
MGI
52
MVI
60
MTI
48
MOI
54
Cap
$669.3M
Growth
-29%48
Modern Times Group MTG ABMTG.B.SE🇸🇪
Revenue +25%/yr · +22%/yr per share · asset light
G 52V 69O 58Cap $1.4B
MGI
52
MVI
69
MTI
55
MOI
58
Cap
$1.4B
Growth
+2%
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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 2026-08-17.