SnigelDesign shares
Unlisted company
SnigelDesign AB is a Swedish specialist company that develops, manufactures and sells personal load-carrying equipment, protection systems and clothing systems for the police, military and other security-related users. The company was founded in 1991 and has its headquarters and production facilities in Farsta, Stockholm. Its operations encompass the entire value chain, from product development and design to manufacturing and distribution, and its products are developed in collaboration with end users within police and defence authorities.
Products and revenue
The product range is divided into several categories: uniform and clothing systems, load-carrying equipment in the form of backpacks and equipment vests, body armour, including ballistic vests, and concealed load-carrying equipment. Revenue is generated partly through framework agreements and direct sales to government agencies such as the Swedish Defence Materiel Administration (FMV) and the Swedish Police Authority, and partly through partnerships with larger defence and security companies that integrate SnigelDesign’s products into broader systems.
Markets and customers
Sales are concentrated in European markets. The main markets are the Nordic countries, Germany, Benelux, the United Kingdom and France, with customers among regular armed forces, special forces and police authorities. SnigelDesign is a member of the industry association SOFF (Swedish Security and Defence Industry Association) and is certified in accordance with established defence industry quality standards.
Ownership and growth strategy
The company is privately owned and is part of a group structure in which Snigelskalet AB is the parent company. Its growth strategy is based on international expansion in European markets, broadening the product range within protection solutions, and deepening partnerships with systems integrators and larger defence companies.
Operations and product range
Vertically integrated design and manufacturing
Development in collaboration with police and defence authorities
Clothing, load-carrying equipment, body armour
Revenue, market and ownership
Framework agreements and direct sales to government agencies
Partnerships with larger defence companies
The Nordic countries and Western Europe
Privately owned under Snigelskalet AB
Financial performance
Published 6 October 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2025-12-31
- 131MSEK
- Operating cash flow
- 146MSEK
- Net sales
- 434MSEK
- Equity ratio
- 75.7%
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 434(+21.5 %) | 357(-30.4 %) | 513 | – |
| Revenue growth | 21.5%(+51.9 pp) | -30.4% | – | – |
| EBITDA | 125(+188.4 %) | 43(-19.9 %) | 54 | – |
| EBIT | 124(+190.8 %) | 43(-20 %) | 53 | – |
| Net income | 74(+191.4 %) | 25(-39.5 %) | 42 | – |
| Equity | 153(+135.1 %) | 65(+8.9 %) | 60(+243.7 %) | 17 |
| Cash and bank | 131(+862.3 %) | 14(+120.3 %) | 6.2(-26.6 %) | 8.4 |
| Operating cash flow | 146(+384.1 %) | 30(+8,626.7 %) | 0.3 | – |
| Equity ratio | 75.7%(+19.6 pp) | 56.1% | – | – |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 2m | SEK 32m |
Questions about SnigelDesign
Is SnigelDesign publicly listed?
No, SnigelDesign is a private company and is not publicly listed. The company has not completed an IPO, and its shares are therefore not traded on a regulated stock exchange, but rather on the private market.
What does SnigelDesign do?
SnigelDesign is a Swedish company operating in the field of personal load-carrying equipment and protective systems for police and military personnel. Its products include uniform systems, backpacks, load-bearing vests, body armour, and concealed carry equipment.
Can I buy shares in SnigelDesign?
Yes, it is possible to buy shares in SnigelDesign through trading in unlisted shares, provided that there are sellers. Via Eqvor, you can place a buy order and be matched with sellers in the unlisted market.
How do I sell shares in SnigelDesign?
If you own shares in SnigelDesign, you can place a sell order via Eqvor and be matched with buyers. When a buyer and seller are matched, the transaction is completed and the change of ownership is recorded in the company’s share register in accordance with the company’s current procedures.
Is SnigelDesign affiliated with Euroclear?
No, SnigelDesign is not currently affiliated with Euroclear. This means that the shares are registered directly in the company's share register and not through the Swedish securities system.
Can I hold SnigelDesign shares with Avanza or Nordnet?
Since SnigelDesign is not affiliated with Euroclear, the shares cannot normally be held in a standard securities account with Avanza or Nordnet. Instead, ownership is registered directly in the company’s share register.
Does SnigelDesign have right-of-first-refusal or pre-emption clauses?
Yes, SnigelDesign has right-of-first-refusal or pre-emption provisions. 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 SnigelDesign share traded?
Since SnigelDesign 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 private market.
When will SnigelDesign be listed on the stock exchange?
There are reports in the news that SnigelDesign is aiming for a stock market listing in 2027, but no firm listing date has been announced. We therefore do not currently know exactly when SnigelDesign may be listed or whether the company will carry out an IPO.
What are the risks of investing in SnigelDesign?
Investing in SnigelDesign involves risk, just like other investments in unlisted shares. The company’s value may be affected by defence appropriations, public-sector procurement, production capacity, international expansion, material costs, supply chains, and demand for personal load-carrying equipment and protective systems. Trading in unlisted shares also normally entails lower liquidity than trading in publicly listed shares.
Where can I find SnigelDesign's annual report?
SnigelDesign's financial reports can be found under Investor Relations and Financial Reports. The company's financial statements are available for download there. If a separate annual report is provided in the future, it should be available in the same section.
Has SnigelDesign conducted any share issues?
Yes, SnigelDesign has carried out capital raises and previous new share issues. SnigelDesign's Capital raised is stated as SEK 4.3 million, indicating how much capital the company has raised through previous financing.
How much capital has SnigelDesign raised in total?
SnigelDesign's Capital raised is stated as SEK 4.3 million. An equity raise is the process of raising capital by selling equity, while terms such as funding round, financing, or share issue are also commonly used.
Has SnigelDesign reported a profit or a loss?
SnigelDesign reports a profit in the latest available information. Under Key Figures, EBITDA is stated as TSEK 43,323 and net profit as TSEK 25,402. The company’s earnings trend is also shown in the Profit by Year graph.