Lyvia Group shares
Unlisted company
Lyvia Group is an acquisition-driven group operating in business-critical software and related technology services. The group owns and manages a portfolio of specialist companies that develop and deliver digital solutions integrated into customers’ core business processes, in areas such as enterprise resource planning (ERP) implementation, digital marketing, ERP consulting, and proprietary cloud-based subscription services (SaaS).
How the company makes money
Revenue is generated through a combination of recurring consulting revenue, SaaS subscriptions, and licence sales. Several portfolio companies are Visma partners focused on ERP implementation and support. Customers are found in finance and insurance, healthcare, IT and telecommunications, and the public sector.
Market and presence
The group operates in several European countries, with a focus on the Nordic region and Benelux. Its headquarters are in Stockholm. Lyvia Group AB (publ) is a public limited company within the Esmaeilzadeh Holding group.
Growth strategy
The growth strategy is based on acquisitions of profitable specialist companies, complemented by organic growth through cross-selling between portfolio companies and an increased focus on converting licence-based revenue into recurring SaaS revenue. Acquisitions target entrepreneur-led specialist companies with a track record of organic growth, where the founders retain operational responsibility after the acquisition.
Key characteristics
Acquisition-driven growth strategy
Entrepreneur-led specialist companies
Founders retain operational responsibility
Offering and presence
Business-critical software and technology services
SaaS, licences, and consulting services
The Nordic region and Benelux
Financial performance
Published 11 September 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2025-12-31
- 278MSEK
- Operating cash flow
- 194MSEK
- Net sales
- 2,114MSEK
- Equity ratio
- 25.3%
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 2,114(+2.8 %) | 2,057 | – | 18 |
| Revenue growth | 2.8% | – | – | – |
| EBITDA | 372(-13.3 %) | 429(+14.8 %) | 374(+220.1 %) | 117(+345.8 %) |
| EBIT | 166(-10.5 %) | 186(-5.7 %) | 197(+833.2 %) | 21(+80.3 %) |
| Net income | – | – | -80 | -81 |
| Equity | 964(-8.3 %) | 1,051 | – | 1,174(+200.9 %) |
| Total liabilities | – | – | – | 3,123(+240.1 %) |
| Cash and bank | 278(-24.7 %) | 369(-13.4 %) | 426(+2.9 %) | 414(+155.6 %) |
| Operating cash flow | 194(+13.9 %) | 170(+1,537.5 %) | 10(-93 %) | 150(+931 %) |
| Equity ratio | 25.3%(+0.8 pp) | 24.5% | – | 27.3%(-2.5 pp) |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 13m | SEK 6bn |
Questions about Lyvia Group
Is Lyvia Group publicly listed?
No, Lyvia Group is a public limited company, but it is not publicly listed. The company has not completed an IPO, so its shares are not traded on a regulated stock exchange, but through the unlisted market.
What does Lyvia Group do?
Lyvia Group is a European group that acquires, owns, and develops companies in business-critical software and related services. Its portfolio consists of specialist companies in software development, digital marketing, SaaS products, and expert consulting services.
Can I buy shares in Lyvia Group?
Yes, it is possible to buy shares in Lyvia Group through unlisted share trading, provided that there are sellers. Through Eqvor, you can place a buy order and be matched with sellers in the unlisted market.
How do I sell shares in Lyvia Group?
If you own shares in Lyvia Group, you can place a sell order via Eqvor and be matched with buyers. Once the transaction has been completed, the shares are transferred in accordance with the company’s Euroclear-connected custody structure.
Is Lyvia Group affiliated with Euroclear?
Yes, Lyvia Group is affiliated with Euroclear. This means that the shares are handled within the Swedish securities system and can be delivered to a custody account with any bank or securities firm once the transaction has been completed.
Can I hold Lyvia Group shares with Avanza or Nordnet?
Yes, since Lyvia Group is affiliated with Euroclear, the shares can normally be held in a securities account with, for example, Avanza or Nordnet, provided that the bank or online broker supports the custody of unlisted shares.
Does Lyvia Group have rights of first refusal or pre-emption clauses?
Yes, Lyvia Group has rights of first refusal or pre-emption rights. This means that share transfers may need to be handled in accordance with specific terms before the shares are sold on to an external buyer.
At what price is the Lyvia Group share traded?
As Lyvia Group is not publicly listed, there is no official share price on a regulated marketplace. Instead, the price is determined by supply and demand between buyers and sellers in the unlisted market.
When will Lyvia Group be listed on the stock exchange?
There is currently no publicly announced timetable for a stock market listing of Lyvia Group. We therefore do not currently know when Lyvia Group may be listed or whether the company will carry out an IPO.
What risks are associated with investing in Lyvia Group?
Investing in Lyvia Group involves risk, just like other investments in unlisted shares. The company’s value development may be affected by acquisitions, the integration of subsidiaries, indebtedness, customer agreements, competition, economic conditions, and demand for software, digital services, and consulting services. Trading in unlisted shares also normally involves lower liquidity than trading in listed shares.
Where can I find Lyvia Group's annual report?
Lyvia Group's annual report can be found under Investor Relations and Financial Reports. The company's annual reports are available there for download.
Has Lyvia Group carried out any share issues?
Yes, Lyvia Group has carried out capital raises and previous new share issues. Lyvia Group’s Capital raised is stated as SEK 1.3 billion, indicating how much capital the company has raised through previous financing.
How much capital has Lyvia Group raised in total?
Lyvia Group’s Capital raised is stated as SEK 1.3 billion. An equity raise is a term for raising capital, while Swedish commonly uses terms equivalent to funding round, financing, or new share issue.
Has Lyvia Group reported a profit or a loss?
Lyvia Group reports a negative result in the latest available information. Under Key figures, EBITDA is stated as TSEK 463,400 and net income as TSEK -4,800. The company’s earnings trend is also shown in the Results by year chart.