In the second part of the qualification, we sifted through 160 Scandinavian stocks, including a few select Benelux and Polish, that meet our ground rules.
Of these, 94 stocks qualified by offering a generally attractive growth profile, i.e. either a proven track record or the potential of extraordinary growth in the foreseeable future. Again, we put each qualifier into one of the following categories according to their risk profile:
"Solid Growth" – companies with non-cyclical base growth or structural trend growth
"Turnaround" – companies that are returning to a growth path
"Highflyer" – companies with high structural growth
Ticker/Sector
"Solid Growth"
1 Accell ACCEL CD
2 Acomo ACOMO CS
3 Adevinta ADE CD
4 ALK-Abello ALKB HC
5 Arjo (Getinge spinoff 2017) ARJO HC
6 ASML ASML IT
7 Assa Abloy ASSAB ID
8 Beijer BEIJ ID
9 Betsson BETSB CD
10 BHG (Bygghemma) BHG CD
11 Biogaia BIOGB HC
12 Boozt BOOZT CD
13 Cellavision CEVI HC
14 Chr.Hansen CHR CS
15 Dometic DOM CD
16 DSV DSV SV
17 Essity ESSITYB CS
18 Fiskars FSKRS CD
19 Garo GARO ID
20 GN Store Nord GN HC
21 GrandVision GVNV CD
22 Greenyard GREEN CS
23 Harvia HARVIA CD
24 Hemnet HOME FN
25 Hexagon HEXAB IT
26 Hexagon Composites HEX ID
27 Hexatronic Group HTRO IT
28 HMS Networks HMS IT
29 Husqvarna HUSQB CD
30 Inwido INWI CD
31 Lagercrantz LAGRB IT
32 Merko Ehitus MRK1T SV
33 MIPS MIPS CD
34 Mowi MHG CS
35 MTG MTGB CD
36 Musti Group MUSTI CD
37 Neste NESTE EM
38 Net Company NETC IT
39 Nibe Ind NIBEB ID
40 Novo Nordisk NOVOB HC
41 Qt Group QTCOM IT
42 Royal Unibrew RBREW CS
43 Storytel STORYB CD
44 Tallinna Sadam TSM1T SV
45 Thule THULE CD
46 Tokmanni TOKMAN CS
47 Tomra TOM ID
48 Troax TROAX ID
49 UPM UPM MT
50 Vestas VWS ID
"Turnaround"
1 AMG AMG EM
2 Arcadis ARCAD SV
3 Bang & Olufsen BO CD
4 BE Semiconductor BESI IT
5 CTT Systems CTT ID
6 Elekta EKTAB HC
7 Epiroc EPIA ID
8 FLSmidth FLS ID
9 Pandora PNDORA CD
10 Rockwool ROCKB EM
11 Sandvik SAND ID
12 Tallink Grupp TAL1T SV
13 Volvo VOLVB ID
"Highflyer"
1 11 bit studios 11C CD
2 Adyen ADYEN IT
3 Agilyx AGLX ID
4 Aker Horizons(=ACC,ACH,AOW) AKH FN
5 Alfen ALFEN
6 Bactiguard BACTI HC
7 Bambuser BUSER IT
8 Better Collective BETCO CD
9 CD Projekt CDR CD
10 cBrain CBRAIN IT
11 ContextVision COV HC
12 Cellink CLNK HC
13 Embracer (ex-THQ Nordic) EMBRACB CD
14 Evolution Gaming EVO CD
15 Fortnox FNOX IT
16 Greater Than GREAT IT
17 Hexagon Purus 0QJ
18 Invisio IVSO ID
19 Ion Beam IBAB HC
20 Kahoot KAHOOT IT
21 Paradox Interactive PDX CD
22 Pexip PEXIP IT
23 Play Magnus PMG CD
24 Powercell PCELL
25 Q-Linea QLINEA HC
26 Sedana Medical SEDANA HC
27 Sinch (ex-CLX Comm) SINCH IT
28 Smarteye SEYE IT
29 Stillfront SF CD
30 Vitrolife VITR HC
31 Xvivo Perfusion XVIVO HC
The HanseaticHunter
* CS = consumer staples, CD = consumer discretionary, HC = health care, ID = industry, SV = services, IT = information technology, EM = energy/materials, FN = financials, TU = telecom/utility
N.b.: You can contribute at any phase of the competition. Unlike sport championships, we accept entries into later rounds if newsflow is so significant that an investment case can then be made.
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