Team

Corporate Finance

Equity Research

Bild av Markus Augustsson

Markus Augustsson

Head of Equity Research

Telephone: +46 (0)76-235 03 20

Linkedin

@

Bild av Caroline Berglund

Caroline Berglund

Strategic Business Manager

Telephone: +46 (0)73-382 10 82

Linkedin

@

Bild av Bengt Furberg

Bengt Furberg

Medical Expert

Watermark
  • Kungsleden

    Real Estate

    Kungsleden AB

    Kungsleden is a long term property-owner that provides attractive, functional premises that enrich people’s working days. Kungsleden create value by owning, managing and developing offices and other commercial properties in Stockholm and Sweden’s other growth regions.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Real Estate
    • Industry:

      Real Estate Services
    • Exchange:

      Nasdaq Nordic Mid Cap
    • Ticker:

      KLED:SS

    Historical figures

    Revenue (MSEK)

    • 2017 2,323
    • 2016 2,429
    • 2015 2,314
  • FastPartner

    Real Estate

    FastPartner

    FastPartner AB is a Sweden-based real estate company engaged in the ownership, management and development of its own properties. The Company focuses on managing commercial properties principally in Stockholm, as well as in Gavle, Sweden, among others. It offers premises primarily adjusted for offices, warehouses, shops and production areas. The Company also offers combined facilities, which are adapted to a variety of activities. The Company’s portfolio also includes residential properties and hotels. The Company operates through a number of wholly owned subsidiaries. In July 2014, the Company acquired property Skebo 2 located in Lunda, Stockholm, which comprises warehouses and offices.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Real Estate
    • Industry:

      Real Estate Services
    • Exchange:

      Nasdaq OMX, Mid Cap
    • Ticker:

      FPAR:SS

    Historical figures

    Revenue (MSEK)

    • 2016 1,271
    • 2015 1,135
    • 2014 920
  • Cherry

    Consumer Cyclicals

    Cherry

    Cherry AB (publ) is a Sweden-based service company active in the gaming industry, with a focus on casino, slot machines and Internet gaming. The Company’s operations are run online, in restaurants in Sweden and on ships. The Company’s business conducts joint development projects and consists of three divisions: Online Gaming, Restaurant Casino and Maritime Gaming. Online Gaming is operated through the sites SverigeAutomaten.com, NorgesAutomaten.com, DanmarksAutomaten.com, PlayCherry.com, EuroLotto.com and CherryAffiliates.com. The Restaurant Casino division operates mainly table games, including blackjack and roulette, in approximately 250 Swedish restaurants and nightclubs. The Maritime Gaming division conducts gaming on around 66 ships, which operate in the Baltic Sea, the North Sea, the English Channel, the Irish Sea and in the Mediterranean.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Consumer Cyclicals
    • Industry:

      Casinos & Gaming
    • Exchange:

      Aktietorget
    • Ticker:

      CHERB:SS

    Historical figures

    Revenue (MSEK)

    • 2016 1,102
    • 2015 508
    • 2014 316
  • Coor Service Management

    Industrials

    Coor Service Management Holdings

    Coor is a leading provider of IFM and FM services in the Nordics, offering all the facility management services necessary for a company or public body to work smoothly and effectively.

    Coor possesses specialist competence in workplace services (soft FM), property services (hard FM) and strategic advisory services. Coor’s customer base includes large corporations and small enterprises operating in the private and public sectors. Coor assumes substantial responsibility for its actions in relation to customers, employees, suppliers, the environment and wider society.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Industrials
    • Industry:

      Business Services
    • Exchange:

      Nasdaq OMX, Mid Cap
    • Ticker:

      COOR:SS

    Financial history

    Revenue (bnSEK)

    • 2016 7.6
    • 2015 7.4
    • 2014 6.8
  • Nobina

    Industrials

    Nobina

    Nobina publ AB is a Sweden-based company engaged in the provision of public passenger transportation services in the Nordic region. The Company’s operations consist of the provision of scheduled bus services under contract to public transport authorities in Sweden, Norway, Denmark and Finland. In addition to contract bus services, the Company also offers interregional express bus services throughout Sweden. The Company’s activities are structured into two business areas: Regional traffic and Interregional traffic, and further divided in five segments, namely Nobina Sweden, Nobina Norway, Nobina Denmark, Nobina Finland and Swebus. Nobina publ AB operates as a holding company for the Nobina Group, comprising operating subsidiaries and Nobina Fleet, a joint company responsible for purchasing, financing, intra-group leasing and sales.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    • Sector:

      Industrials
    • Industri:

      Passenger Transportation
    • Exchange:

      Nasdaq OMX, Mid Cap
    • Ticker:

      NOBINA:SS

    Historical figures

    Revuenue (MSEK)

    • 2015/16 8,317
    • 2014/15 7,549
  • SBB i Norden

    Real Estate

    Genovis AB

    Samhällsbyggnadsbolaget was founded by Ilija Batljan in 2016. The business concept came from the founder’s great social engagement.

    The company’s focus is long-term ownership of regulated rental residentials in Sweden and community service properties in the Nordics.

    The housing shortage is one of the biggest problems in society today and a challenge for Sweden. SBB wants to help with urban development and develops builing rights from properties that are cash flow generating and located in central locations with good infrastructure.

    In order to safeguard both stability and strong cash flow, SBB’s aim is to ensure that community service properties with long contracts and regulated rental residentials comprise 80-90 percent of the property portfolio. Samhällsbyggnadsbolaget is active in a market with stable and strong underlying fundamentals. The property portfolio of the company is characterized by high occupancy rate and long leases. Beyond growing through acquisitions Samhällsbyggnadsbolaget also carries out value-creating activities such as redevelopment and renovations of existing properties, as well as development of building rights.

    The property portfolio consisted of 749 properties as of 31 December 2017. The properties had a total value of SEKbn 23.0, where residential constituted of SEKbn 5.9, community service properties SEKbn 14.6, and the remaining properties SEKbn 2.5. The total lettable area was approx. 1,366,000 sq.m. with a rental income, on a 12 months rolling basis, of SEKm 1,588. Approximately 89 % of the rental income is coming from government/government funded community service properties or regulated rental residentials. The company’s goal is to own property stock of a value of SEK 25 billion by 2020.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    Linkedin
    • Sector:

      Real Estate
    • Industry:

      Real Estate - General
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      SBBB:SS

    Historical figures

    Revenue (MSEK)

    • 2017 1,339
    • 2016 187
  • Serneke

    Real Estate

    Serneke Group

    Serneke Group AB is engaged in construction and development sector. Segments in which the Company operates include construction, civil engineering, project development and property management.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    Linkedin
    • Sector:

      Fastigheter
    • Industry:

      Byggbolag
    • Exchange:

      Nasdaq OMX, Mid Cap
    • Ticker:

      SRNKEB:SS

    Historical figures

    Revenue (MSEK)

    • 2016 3,989
    • 2015 3,107
    • 2014 1,746
  • Boule Diagnostics

    Healthcare

    Boule Diagnostics AB

    Boule Diagnostics AB develops, manufactures and markets instruments and consumable products for blood diagnostics. The Company serves hospitals, clinics, laboratories and companies within blood diagnostics in both the human and veterinary areas.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    Linkedin

    @

    • Sector:

      Healthcare
    • Industry:

      Diagnostics & Research
    • Exchange:

      Nasdaq OMX Small Cap
    • Ticker:

      BOUL:SS

    Historical figures

    Revenue (MSEK)

    • 2016 410
    • 2015 331
    • 2014 307
  • Precise Biometrics

    Industrials, Technology

    Precise Biometrics

    Precise Biometrics AB is a Sweden-based company engaged in the development of software and hardware for fingerprint recognition and smart cards. It operates in three business areas: Mobile Smart Card Solutions, which offers the product portfolio Tactivo – a range of smart cards and fingerprint readers for smartphones and tablets, and software for the development of applications for Tactivo; Fingerprint Technology, which offers core technology in the form of algorithms for matching of fingerprint recognition and software for integration in third-part hardware, such as mobile phones; Desktop & Physical Access Solutions, which includes Precise Biometrics’ fingerprint and smart card readers and development software for authentication at desktop computers, as well as physical access through fingerprint recognition to buildings. As of December 31, 2013, the Company had two wholly owned subsidiaries based in Sweden and the United States.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Technology
    • Industry:

      Electronic Equipment & Parts
    • Exchange:

      Nasdaq OMX, Small Cap
    • Ticker:

      PREC:SS

    Historical figures

    Revenue (MSEK)

    • 2016 97.2
    • 2015 56.3
    • 2014 31.4
  • Consilium

    Industrials

    Consilium

    Consilium AB is a Sweden-based supplier of fire and gas detection, navigation and emission monitoring systems for ships, properties, transportation, and the oil and gas industry. The Company operates within two business areas, namely Marine and Safety, and Fire Safety and Automation. Within the Marine and Safety area, the Company offers security, navigation and environment products and systems to international shipping businesses, as well as train and metro lines, and large properties. Products within this area are organized into a number of divisions, such as Fire and Gas Marine, Navigation Marine and Special Niche Products. The Fire Safety and Automation area offers products and systems within the fire safety area, as well as automation systems for the oil and gas facilities. Activities of this area are divided into two divisions: Fire Safety Oil and Gas, and Automation Oil and Gas. Its subsidiaries include JKK Group AS, Buveco Gasdetection BV and CN System AB.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Industrials
    • Industry:

      Aerospace & Defense
    • Exchange:

      Nasdaq OMX, Small Cap
    • Ticker:

      CONSB:SS

    Historical figures

    Revenue (MSEK)

    • 2016 1,643
    • 2015 1,565.5
    • 2014 1,255.3
  • Nuevolution

    Healthcare

    Nuevolution

    Nuevolution AB is a Sweden-based biopharmaceutical company working to develop future medicine for the treatment of cancer and inflammatory diseases. The Company’s business is conducted through its wholly owned subsidiary, Nuevolution A/S.

    Contacts

    Bild av Niklas Elmhammer

    Niklas Elmhammer

    Senior analytiker

    Telephone: 070-898 39 59

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Pharmaceuticals
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      NUE:SS

    Historical figures

    Revenue (MSEK)

    • 2016/17 120
    • 2015/16 21.2
    • 2014/15 30
  • GHP

    Healthcare

    GHP Specialty Care AB

    GHP is a Swedish health care provider that conducts both out-patient and in-patient care in the Nordic countries and the United Arab Emirates. Our clinics focus on a specific patient group, which leads to higher quality, efficiency and patient safety.

    Contacts

    Bild av Niklas Elmhammer

    Niklas Elmhammer

    Senior Analyst

    Telephone: +46 (0)70-898 39 59

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    Linkedin
    • Sector:

      Healthcare
    • Industry:

      Medical Care
    • Exchange:

      Nasdaq OMX Small Cap
    • Ticker:

      GHP:SS

    Historical figures

    Revenue (MSEK)

    • 2016 955
    • 2015 820
    • 2014 768
  • Net Gaming Europe

    Consumer Cyclicals

    Net Gaming Europe

    Net Gaming’s business idea is to operate, acquire and develop companies primarily within iGaming lead generation. Net Gaming is today one of the leading players within Europe in iGaming lead generation and has a clear growth strategy with the vision to become the #1 globally of generating premium online leads.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Consumer cyclical
    • Industry:

      Gaming
    • Exchange:

      Aktietorget
    • Ticker:

      NETG:SS

    Historical figures

    Revenue (MSEK)

    • 2016 48.9
    • 2015 10.5
    • 2014 3.6
  • Magnolia Bostad

    Real Estate

    Magnolia Bostad AB

    Magnolia Bostad AB acquires and converts properties into new, modern rental and tenant-owned apartments.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    • Sector:

      Real Estate
    • Industry:

      Real Estate - General
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      MAG:SS

    Financial history

    Turnover (MSEK)

    • 2017 1,772
    • 2016 1,010
    • 2015 876
  • Saniona

    Healthcare

    Saniona

    Saniona is a research and development company focused on drugs for diseases of the central nervous system, autoimmune diseases, metabolic diseases and treatment of pain. The company has a significant portfolio of potential drug candidates at preclinical and clinical stage. The research is focused on ion channels, which makes up a unique protein class that enables and controls the passage of charged ions across cell membranes. Saniona has ongoing collaboration agreements with Boehringer Ingelheim GmbH, Proximagen Ltd., Productos Medix, S.A and Cadent Therapeutics. Saniona is based in Copenhagen, Denmark, where it has a research center of high international standard. Saniona is listed at Nasdaq Stockholm Small Cap and has about 5,300 shareholders. The company’s share is traded under the ticker SANION.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Healthcare
    • Industry:

      Pharmaceuticals
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      SANION:SS
  • Amasten

    Real Estate

    Amasten Holding

    Amasten Holding publ AB, formerly Morphic Technologies AB, is a Sweden-based real estate company. Through its subsidiary, Amasten Bostader AB, the Company owns and rents residential and commercial properties, which are located in such Swedish cities, as Helsingborg, Landskrona, Karlshamn and Solleftea. Its property portfolio consists of properties built in the 1960s and 1970s, with frames and facades made of stone. Its customers are primarily private customers, as well as corporate customers, who rent shopping, office and restaurant premises. Prior to the acquisition of Amager Bostader AB, which took place on January 18, 2013, the Company offered products that capture, store and convert energy from renewable cells.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Real Estate
    • Industry:

      Real Estate Rental, Development & Operations
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      Amast

    Historical figures

    Revenue (MSEK)

    • 2016 246.1
    • 2015 169.1
    • 2014 88.6
  • Brighter

    Healthcare

    Brighter

    Brighter publ AB is a Sweden-based company active in the healthcare sector. It is primarily engaged in the development of Brighter One, a self-care device dedicated for type 1 and type 2 diabetes patients. Brighter One integrates a lancet, blood glucose meter for test strips, dosing and injection mechanism, and storage of glucose level and dosing history data. The Company cooperates with partners such as Almi Foretagspartner AB and Innovationsbron, as well as a distributor Rubin Medical.

    Contacts

    Bild av Niklas Elmhammer

    Niklas Elmhammer

    Senior analytiker

    Telephone: 070-898 39 59

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Medical Equipment, Supplies & Distribution
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      BRIG:SS
  • Impact Coatings

    Industrials

    Impact Coatings AB

    Impact Coatings AB develops and commercializes innovative technology for PVD surface treatment. PVD is a method for vacuum coating of thin films of metal or ceramics.

    The company has developed a portfolio of coating processes for metal and plastic, among others marketed under the trade name MaxPhase™. The coatings provide unique performances for fuel cells, electrical connectors, reflectors and other applications. In addition to coating services Impact Coatings offers the PVD production systems InlineCoater™, PlastiCoater™ and ReelCoater™, targeting customers with lean-organized production flows involving PVD.

    The company was founded in 1997. Following a period of development and establishing products and services, the company is now expanding globally. Impact Coatings’ share is traded at Nasdaq OMX Stockholm First North since 2004.

    Contacts

    Bild av Mats Hyttinge

    Mats Hyttinge

    Senior analytiker

    Telephone: 073-338 50 67

    EmailLinkedin

    @

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    EmailLinkedin

    @

    • Sector:

      Industrials
    • Industry:

      Diversified Industrials
    • List:

      Nasdaq First North
    • Shortname:

      IMPC:SS

    Historical figures

    Revenue (MSEK)

    • 2016 24.2
    • 2015 22.5
    • 2014 6
  • Lammhults

    Consumer Cyclicals, Industrials

    Lammhults Design Group

    Lammhults Design Group förknippas med svensk möbeldesign. Företagsgruppen som är baserad i Småland har flera starka varumärken. Inom affärsområdet Office & Home Interiors hittar vi Lammhults, Abstracta, Fora Form, Ragnars, Ire och Voice samt sedan december 2016 även nyförvärvade Morgana. Affärsområdet Public Interiors, som främst säljer biblioteksinredningar har BCI Schultz Speyer och Eurobib. 95 procent av gruppens försäljning går till företags- och offentliga kunder, och 5 procent till privata kunder. Efterfrågan drivs främst av ny­bygg­nation och renovering. De viktigaste marknaderna är Sverige, Norge och Danmark följt av Tyskland, England och Frankrike. Viktigt för koncernen är att fortsätta att utveckla och lansera nya möbel modeller.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Industrials
    • Industry:

      Business Support Supplies
    • Exchange:

      Nasdaq OMX, Small Cap
    • Ticker:

      LAMMB:SS

    Financial history

    Turnover (MSEK)

    • 2016 815
    • 2015 733.1
    • 2014 756
  • Fastator

    Real Estate

    Fastator

    Fastator AB operates as a Real Estate investment company. The Company invests in Real Estate companies that acquire, develop, and manage real estate properties throughout Sweden.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Investment Holding Companies/Real Estate
    • Industry:

      Investment Holding Companies
    • List:

      Nasdaq OMX, First North
    • Ticker:

      ABFASTB:SS

    Historical figures

    Revenue (MSEK)

    • 2016 9
    • 2015 3
    • 2014 5
  • Kancera

    Healthcare

    Kancera AB

    Kancera AB is a Sweden-based company that develops and sells drug candidates in the field of cancer. The Company’s activities are divided into two areas, namely Pharmaceutical Development and Industrial Research and Development (R&D). Pharmaceutical Development area runs such projects, as Project PFKFB3, which aims to develop a drug to combat solid tumors; and Project ROR-1, which aims to develop a drug to combat chronic lymphatic leukemia (CLL). Industrial R&D area consists of the identification of new projects of high potential and of R&D work commissioned by clients. The Company’s other activities include development of cancer models and stem cell-based techniques. The Company is active through its subsidiary iNovacia, which carries out analytical development, as well as the identification, validation and further optimization of drug candidates. The Company’s operations are conducted at the Karolinska Institutet Science Park in Solna, Sweden.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Biotech
    • List:

      Nasdaq OMX, First North
    • Ticker:

      KAN:SS
  • MaxFastigheter

    Real Estate

    MaxFastigheter i Sverige AB

    MaxFastigheter i Sverige AB owns, manages and develops commercial properties. Its properties are located from Norrköping in the south to Sundsvall in the north, and in the cities of Eskilstuna, Karlstad, Norrköping and Västerås.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Real Estate
    • Industry:

      Real Estate Services
    • Exchange:

      Nasdaq OMX First North
    • Ticker:

      MAXF:SS

    Historical figures

    Revenue (MSEK)

    • 2016 59.6
    • 2015 31.1
  • CLS

    Healthcare

    Clinical Laserthermia Systems

    Clinical Laserthermia Systems AB is a Sweden-based company active in the medical equipment industry. The Company develops and markets a product for the treatment of solid cancer tumors. The product is based on Immunostimulating Laser Thermo Therapy (imILT). imILT method can be used for all tumors in solid organ and the potential market is considerable. Examples of tumors which are suitable for treatment are those found in liver, breast, lung, prostate, kidney, pancreas and thyroid. Clinical Laserthermia Systems AB’s treatment system consists of two main parts: a mobile laser device and a sterile patient unit for single use. The Company’s product is intended for medical professionals within surgical oncology or interventional radiology within oncology. In April 2014, the Company announced the establishment of a subsidiary in the United States.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Advanced Medical Equipment & Technology
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      CLSB:SS
  • Oboya

    Industrials

    Oboya Horticulture Industries AB

    Oboya Horticulture Industries AB, located in Stenkullen, Sweden, manufactures daily disposable products for floral, herbal, vegetable cultivators and logistic companies.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Applied Resources
    • Industry:

      Non-Paper Containers & Packaging
    • Exchange:

      Aktietorget
    • Ticker:

      OBOYAB:SS

    Historical figures

    Revenue (MSEK)

    • 2015 335
    • 2014 184
  • NeuroVive

    Healthcare

    NeuroVive Pharmaceutical AB

    NeuroVive Pharmaceutical AB is a Sweden-based company engaged in the biotechnology. The Company is primarily involved in the research and development of medicines, which protect cell’s mitochondria. It focuses on three implementation areas: the treatment of reperfusion injury in myocardial infarction, traumatic brain injury (TBI) and energy-regulating preparations. The Company’s project portfolio comprises six candidate drugs: CicloMulsion, for reperfusion injury in myocardial infarction; NeuroSTAT, implemented in TBI treatment; NVP019, a chemistry platform for developing cyclophilin inhibitors with mitochondrial efficacy that focuses on cardiovascular and brain indications; NVP014, for brain cell protection in stroke; NVP015, which regulates the energy of mitochondria; and NVP018, which are antiviral pharmaceuticals used in Hepatitis B and C treatment. The Company is a parent of NeuroVive Pharmaceutical Asia Ltd, NeuroVive Pharmaceutical Asia Inc and NeuroVive France.

    Contacts

    Bild av Niklas Elmhammer

    Niklas Elmhammer

    Senior analytiker

    Telephone: 070-898 39 59

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Biotechnology & Medical Research
    • List:

      Small Cap
    • Ticker:

      NVP:SS
  • Redwood Pharma

    Healthcare

    Redwood Pharma AB

    Redwood Pharma AB is a company whose mission is to develop new ophthalmic pharmaceutical therapies where there are large and unmet market needs. It has in-licensed, IntelliGel, a proprietary and patented hydrogel drug delivery platform technology that will reduce dosages, dosing-frequency and, thereby, potential systemic toxicities of active pharmaceutical ingredients.

    The Company’s lead development product is a new therapy to treat chronic Dry Eye Disease (DED) in post-menopausal women. With an ageing population, DED affects more and more people hindering many in their daily activities such as reading, using a computer and driving an automobile.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Healthcare
    • Industry:

      Biotechnology
    • Exchange:

      Aktietorget
    • Ticker:

      REDW:SS
  • Cortus Energy

    Renewable Energy

    Cortus Energy AB

    Cortus Energy AB, formerly Clean Tech East Holding AB, is a Sweden-based company that offers sustainable energy supply to different industries. The Company uses a WoodRoll biomass gasification technology to produce Synthesis Gas (Syngas), which replaces fossil fuels. To the process industry, the Company offers high heat and high temperature fuel. To the power industry, the Company offers electricity via burning of energy gas using combustion engines, as well as harnessed exhaust heat for district heating systems. To the transport sector, it offers transportation fuels and downstream applications. To the waste management industry it offers transformation of waste into energy gas. The Company works in partnership with such companies, as AF, Calderys and Kanthal, among others..

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    • Sector:

      Energy
    • Industry:

      Renewable Fuels
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      COEN:SS

    Historical figures

    Revenue (MSEK)

    • 2016 8.4
    • 2015 3.1
    • 2014 2.2
  • MultiDocker

    Industrials

    MultiDocker Cargo Handling

    MultiDocker Cargo Handling AB is a Sweden-based company, which is primarily engaged in the heavy machinery sector. The Company operates as a manufacturer of cargo handlers customized for ports, terminals and industrial use. The Company offers various configurations of hydraulic cargo handlers, crawler tracks and wheel undercarriage machines, among others. The Company’s solutions are designed to load and unload sawn wood, round timber, chips, pellets, bags, scrap, rocks, gravel, and several other sorts of bulk and general cargo. In addition, the Company offers various tools and accessories, such as dust controls, container spreaders, lifting frames, waste handling clamps, buckets, among others.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    • Sector:

      Industrial Goods
    • Industry:

      Heavy Machinery & Vehicles
    • List:

      NGM, Nordic MTF
    • Shortname:

      MULT MTF

    Historical figures

    Revenue (MSEK)

    • 2016 121
    • 2015 146
    • 2014 64
  • Hanza Holding

    Industrials

    Hanza Holding

    Hanza AB is a Sweden-based company operating as an industrial business partner providing manufacture services. It provides complete manufacture solutions in the areas of mechanics, electronics, cable harnesses and final assembly. The Company has two segments: Mechanics, further divided into the Light Mechanics division; and the Heavy Mechanics division; and Electronics, further divided into Printed Circuit Board (PCB), which offers assembly of both flexible boards and large PCBs, KA Elektronik AB, as well as services such as automated optical inspection and testing, and Technology cabling, which manufactures and supplies cables for all applications. The department Business Solutions involves strategy, business development, marketing and business implementation of Hanza AB’s concepts. The Company operates in Sweden, Finland, Estonia, Poland, Slovakia and China. Its customers include Atlas Copco, Ericsson, ABB, and Saab Defense.

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Industrials
    • Industry:

    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      HANZA:SS

    Historical figures

    Revenue (MSEK)

    • 2016 1,306
    • 2015 1,206
    • 2014 981
  • Episurf

    Consumer Cyclicals

    Episurf Medical AB

    Episurf Medical AB is a Sweden-based medical technology company. It is engaged in the development, manufacture and marketing of implants and surgical drilling templates used in the treatment of local cartilage damage in knee joints. The Company’s product portfolio includes the Episealer, and individually customized implant used as a cartilage replacement for early-stage patients; and Epiguide, a drill guide designed to attach to the knee’s surface, as well as related surgical tools. The personalization of implants and instruments is based on magnetic resonance imaging (MRI) and enables less invasive treatment. The process of ordering and creation of patient-specific implants and surgical instruments is covered by software suite, microiFidelity, comprising microiClinic, microiDesign and microiManufacture. The main shareholder of the Company is Serendipity Ixora Fund AB.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    Bild av Bengt Furberg

    Bengt Furberg

    Medicinsk expert

    • Sector:

      Healthcare
    • Industry:

      Medical Devices & Implants
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      EPISB:SS

    Historical figures

    Revenue (MSEK)

    • 2016 2
  • Absolicon

    Industrials, Renewable Energy

    Absolicon Solar Collector AB

    Absolicon has a unique technology, based on 20 years of research, for extracting energy in different forms using concentrated solar collectors, or solar concentrators. The concentrators help reduce the production costs, while simultaneously providing a high degree of energy efficiency in the form of thermal energy, solar electricity, solar cooling, solar heat and solar steam.

    Fossil energy resources are limited. The sun will be shining for a least another 4 billion years. So what are you waiting for? Start the journey to a business that runs on solar energy today.

    Absolicon will be the world’s leading supplier of solar concentrators. By developing, manufacturing and selling solar energy systems that generate renewable energy in various forms, we are helping to solve the world’s energy problem.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    Linkedin

    @

    • Sector:

      Technology
    • Industry:

      Solar panels
    • Exchange:

      Aktietorget
    • Ticker:

      ABSL:SS

    Historical figures

    Revenue (MSEK)

    • 2016 1.6
    • 2015 1.5
    • 2014 1.6
  • Net Trading Group

    Consumer Stable

    Net Trading Group AB

    Contacts

    Bild av Mats Hyttinge

    Mats Hyttinge

    Senior analytiker

    Telephone: 073-338 50 67

    EmailLinkedin

    @

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    EmailLinkedin

    @

    • Sector:

      Consumer Stable
    • Industry:

      E-commerce
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      NTGRMTF:SS

    Historical figures

    Revenue (MSEK)

    • 2016 11.3
    • 2015 1.7
  • Gapwaves

    Technology

    Gapwaves AB

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Technology
    • Industry:

      Communications & Networking
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      GAPW:SS
  • VA Automotive

    Industrials

    VA Automotive i Hassleholm AB

    Contacts

    Bild av Bertil Nilsson

    Bertil Nilsson

    Senior analytiker

    Telephone: 070-434 90 03

    Linkedin
    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: 076-235 03 20

    Linkedin
    • Sector:

      Industrials
    • Industry:

      Industrial Machinery & Equipment
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      AUTO:SS

    Historical figures

    Revenue (MSEK)

    • 2016 411
    • 2015 338
    • 2014 333
  • Cantargia

    Healthcare

    Cantargi AB

    Cantargia specialises in antibody-based cancer treatment. CAN04, the company’s patented antibody treatment, has a dual mechanism of action. CAN04 fights cancer by activating the immune system and blocking signals that lead to tumour growth. Treatment with CAN04 has the potential to become an important part of modern immuno-oncology.

    Contacts

    Bild av Markus Augustsson

    Markus Augustsson

    Head of Equity Research

    Telephone: +46 (0)76-235 03 20

    EmailLinkedin

    @

    • Sector:

      Healthcare
    • Industry:

      Pharmaceuticals
    • Exchange:

      Nasdaq OMX, First North
    • Ticker:

      CANTA:SS

    Historical figures

    Revenue (MSEK)

    • Immunicum

      Healthcare

      Immunicum AB

      Immunicum is developing novel immuno-oncology therapies against a range of solid tumors. The approach is based on allogeneic dendritic cells that are designed to stimulate a personalized anti-tumor immune response in each patient. The Company’s lead compound, ilixadencel is currently being evaluated in clinical trials for the treatment of kidney cancer, liver cancer and gastrointestinal stromal tumors. Ilixadencel combines the best aspects of two approaches: a cell-based, cost-effective and off-the-shelf immune enhancer that when injected intratumorally is capable of triggering a highly specific and potentially long-lasting immune reaction against tumor cells throughout the body.

      Contacts

      Bild av Markus Augustsson

      Markus Augustsson

      Head of Equity Research

      Telephone: +46 (0)76-235 03 20

      EmailLinkedin

      @

      • Sector:

        Healthcare
      • Industry:

        Pharmaceuticals
      • Exchange:

        Nasdaq OMX, First North
      • Ticker:

        IMMU:SS

      Historical figures

      Revenue (MSEK)

      • A1M Pharma

        Healthcare

        1M Pharma AB is a Sweden-based company, which is active within the healthcare sector. The Company conducts development and commercialization of treatment and diagnostics based on the alpha-1-microglobulin (A1M) protein. The protein serves as a radical inhibitor, an antioxidant, a protector against free hemoglobin and a tissue repairer. A1M is a candidate for different therapeutic and diagnostic uses, such as alleviation of autoimmune diseases and stroke treatment. The Company works with the protein and conducts research at the Biomedical Center in Lund University, Sweden. The Company develops a drug for intravenous treatment of preeclampsia, a condition that can occur during pregnancy and can contribute to premature deliveries.

        Contacts

        Bild av Niklas Elmhammer

        Niklas Elmhammer

        Senior analytiker

        Telephone: 070-898 39 59

        Linkedin
        Bild av Bengt Furberg

        Bengt Furberg

        Medicinsk expert

        • Sector:

          Healthcare
        • Industry:

          Biotechnology & Medical Research
        • Exchange:

          Aktietorget
        • Ticker:

          A1M:SS
      • ProstaLund

        Healthcare

        ProstaLund

        CoreTherm, developed by ProstaLund is a highly effective, office-based alternative to surgery to treat Benign Prostatic Hyperplasia (BPH). The treatment takes approximately 6-15 minutes and offers proven long-term symptom relief. Scientific studies show CoreTherm is as effective after five years as more radical procedures, such as transurethral resection of the prostate (TURP), with fewer side effects and no hospitalization required.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        EmailLinkedin

        @

        • Sector:

          Healthcare
        • Industry:

          Medical Devices
        • Exchange:

          Aktieforget
        • Ticker:

          PLUN:SS

        Historical figures

        Revenue (MSEK)

        • 2016 14.6
        • 2015 13.6
        • 2014 9.6
      • myTaste

        Technology

        myTaste AB

        myTaste AB is a social network for foodies. It is search engine which provides information on recipes from various food blogs and sites.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        Linkedin

        @

        • Sector:

          Technology
        • Industry:

          Internet Content & Information
        • Exchange:

          Nasdaq OMX, First North
        • Ticker:

          TASTE:SS

        Historical figures

        Revenue (MSEK)

        • 2016 50.2
        • 2015 50.6
        • 2014 44.1
      • Savo-Solar

        Industrials, Renewable Energy

        Savo-Solar Oyj

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        Bild av Niklas Elmhammer

        Niklas Elmhammer

        Senior analytiker

        Telephone: 070-898 39 59

        Linkedin
        • Sector:

          Energy
        • Industry:

          Renewable Energy Equipment & Services
        • Exchange:

          Nasdaq OMX, First North
        • Ticker:

          SAVOS:SS

        Historical figures

        Revenue (MSEK)

        • 2016 5.4
        • 2015 2
        • 2014 1
      • Adderacare

        Healthcare

        Adderacare AB

        Sonetel AB offers local international phone numbers with global call forwarding to small businesses.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        EmailLinkedin

        @

        • Sector:

          Healthcare
        • Industry:

          Long-Term Care Facilities
        • Exchange:

          Nasdaq, First North
        • Ticker:

          ADDERA:SS

        Historical figures

        Revenue (MSEK)

        • 2017 128
        • 2016 94
        • 2015 47
      • TargetEveryOne

        Technology

        TargetEveryOne AB provides digital mobile campaign creation platform that enable users to create, design, distribute and analyze mobile campaigns & landing pages for promoting business.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        Linkedin
        • Sector:

          Technology
        • Industry:

          Software - Application
        • Exchange:

          Nasdaq OMX, First North
        • Ticker:

          TEONE:SS

        Historical figures

        Revenue (MSEK)

        • 2016 105.8
        • 2015 83
        • 2014 12.5
      • ThreeGates

        Technology

        ThreeGates AB

        Three Gates AB är ett oberoende spelutvecklingsbolag som grundades 2011. Bolaget producerar såväl egna spel som utvecklar spel och andra digitala produkter på uppdrag av externa företag. Bolaget har etablerade samarbeten med starka industripartners och en spännande produktportfölj med stor potential. Three Gates verkar på den globala marknaden och distribuerar sina spel världen över och har ett stort internationellt nätverk.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        EmailLinkedin

        @

        • Sector:

          Technology
        • Industry:

          Electronic Gaming & Multimedia
        • Exchange:

          NGM Nordic MTF
        • Ticker:

          GATEMTF:SS

        Historical figures

        Revenue (MSEK)

        • 2017 1
        • 2016 2.2
        • 2014 1.2
      • Netmore

        Technology

        Netmore Group AB (publ)

        Netmore Group AB offers communication solutions for property owners, business, industries and public organisations tailored for their specific needs.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        EmailLinkedin

        @

        • Sector:

          Communication Services
        • Industry:

          Telecom Services
        • Exchange:

          Nasdaq First North
        • Ticker:

          NETMB:SS

        Historical figures

        Revenue (MSEK)

        • 2017 8.7
        • 2016 2.9
        • 2015 2.5
      • SpectraCure

        Healthcare

        SpectraCure AB

        SpectraCure AB (publ) is a Sweden-based company, which is primarily engaged in the healthcare industry. The Company specializes in cancer treatment technology. The Company develops photodynamic therapeutics based on photosensitive materials activated by laser. The Company’s method is called interstitial photodynamic therapy (PDT). Interstitial PDT can be used for solid tumors in internal organs, such as cancer in the prostate, pancreas, and the head and neck area, among others. In addition, the Company offers software platform IDOSE for interstitial PDT treatment of solid cancer tumors in internal organs. With SpectraCure’s interstitial PDT method, the patient is given a photoactivated drug – photosensitizer in combination with laser light guided by a dose control system.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        Bild av Niklas Elmhammer

        Niklas Elmhammer

        Senior analytiker

        Telephone: 070-898 39 59

        Linkedin
        • Sector:

          Healthcare
        • Industry:

          Medical Equipment, Supplies & Distribution
        • Exchange:

          Aktietorget
        • Ticker:

          SPEC:SS
      • Kontigo Care

        Healthcare

        Kontigo Care

        Kontigo Care AB is a engineering and research company. The Company develops TripleA. TripleA is an mHealth solution consisting of a breathalyzer, mobile application and database.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: +46 (0)76-235 03 20

        Linkedin
        • Sector:

          Healthcare
        • Industry:

          Diagnostics & Research
        • Exchange:

          Nasdaq OMX First North
        • Ticker:

          KONT:SS

        Historical figures

        Revenue (MSEK)

        • 2016 1.1
      • Miris

        Healthcare

        Miris Holding AB

        Miris Holding publ AB is a Sweden-based company active within the medical equipment industry. It develops, manufactures and sells equipment for analysis of liquids in foodstuffs, breast milk and medicines. The Company’s technology is based on mid-infrared (MIR) transmission spectroscopy. The Company’s product portfolio comprises analysis instruments, such as Dairy Milk Analyzer, Human Milk Analyzer and a range of accessories; LosStandard, a thermally and chemically treated reference sample; LosMixer, a robust homogenizer, and LosSolver, which speeds up the homogenization process.The Company sells its products in 45 countries, while its largest markets are China, South Korea, India, Spain, Italy, the Nordic countries, the United Kingdom and Germany. As of December 31, 2011, it had two wholly owned direct subsidiaries: Miris AB and L O Sjaunja AB, as well as an indirectly held subsidiary, Miris India Private Ltd. As of December 31, 2011, its largest shareholder was Tibia Konsult AB.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        Bild av Bengt Furberg

        Bengt Furberg

        Medicinsk expert

        • Sector:

          Healthcare
        • Industry:

          Medical Equipment, Supplies & Distribution
        • Exchange:

          Aktietorget
        • Ticker:

          MIR:SS

        Historical figures

        Revenue (MSEK)

        • 2016 7.4
        • 2015 8
        • 2014 11
      • Peptonic

        Healthcare

        Peptonic Medical AB

        Peptonic Medical AB is a Sweden-based company active in the field of biotechnology. The Company develops estrogen-free pharmaceuticals for treatment of vaginal atrophy. The Company’s main drug candidate is Vagitocin, an oxytocin-based pharmaceutical preparation for the treatment of vaginal atrophy and other menopause-related symptoms. The patented treatment is based on local, vaginal application of oxytocin to rejuvenate the vaginal mucosa. Vagitocin is to enter phase III clinical trials in Europe and the United States.

        Contacts

        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        Bild av Bengt Furberg

        Bengt Furberg

        Medicinsk expert

        • Sector:

          Healthcare
        • Industry:

          Biotechnology & Medical Research
        • Exchange:

          Aktietorget
        • Ticker:

          PMED:SS
      • CombiGene

        Healthcare

        CombiGene AB

        Combigene AB is a Sweden-based company, which is primarily engaged in the healthcare industry. The Company specializes in development of treatments for neurological disorders. The Company’s platform comprises the use of gene therapy vectors delivering a combination of transgenes encoding two or more of neuropeptide Y (NPY) receptors, galanin, galanin receptors, somatostatin, and somatostatin receptors, for the treatment of neurological and psychiatric diseases in humans and animals. The Company focuses on the development of an epilepsy treatment by means of an adeno-associated virus (AAV) vector carrying the transgenes for the neurotransmitter NPY and one of its receptors, the G protein-coupled receptor Y2.

        Contacts

        Bild av Niklas Elmhammer

        Niklas Elmhammer

        Senior analytiker

        Telephone: 070-898 39 59

        Linkedin
        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        • Sector:

          Healthcare
        • Industry:

          Biotechnology & Medical Research
        • Exchange:

          Aktietorget
        • Ticker:

          COMBI:SS
      • Pharmacolog

        Healthcare

        Pharmacolog i Uppsala AB

        Pharmacolog i Uppsala publ AB is a Sweden-based medical device company that specializes in providing quality assurance solutions for safe administration of medical drugs. The company’s main product, DrugLog, focuses on quality assurance in drug administration in the hospital pharmacy and the clinical ward.

        Contacts

        Bild av Niklas Elmhammer

        Niklas Elmhammer

        Senior analytiker

        Telephone: 070-898 39 59

        Linkedin
        Bild av Markus Augustsson

        Markus Augustsson

        Head of Equity Research

        Telephone: 076-235 03 20

        Linkedin
        • Sector:

          Healthcare
        • Industry:

          Advanced Medical Equipment & Technology
        • Exchange:

          Aktietorget
        • Ticker:

          PHLOG:SS