Södra Muren Holding shares
Unlisted company
Södra Muren Holding is a holding structure for the management and financing of nine operating property companies at Swedish mountain destinations.
Revenue and structure
Revenue is generated through rental income from the Group’s properties and through the sale of developed properties. The parent company has no employees of its own and operates solely as a holding structure for the management and financing of its subsidiaries.
Growth and seasonality
The growth strategy is based on acquiring complementary properties at existing or new destinations, as well as further development and new construction in locations where the Group already operates. The facilities have both winter and snow-free seasons, providing opportunities for rentals during much of the year.
Revenue model
Holding structure with no employees of its own
Short-term rentals and property sales
Winter and snow-free seasons
Properties and growth
Three established mountain destinations
Hotels, apartments, cabins and lodges
Growth through acquisitions and new construction
Financial performance
Published 15 October 2026Published figures from the company’s own reports. Amounts in MSEK · change from the previous year
- Cash and bank 2025-08-31
- 34MSEK
- Operating cash flow
- 59MSEK
- Net sales
- 43MSEK
- Equity ratio
- 41.4%
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Net sales | 43(+7.4 %) | 40(+8.5 %) | 37(-3.8 %) | 39(+8.6 %) |
| Revenue growth | 7.4%(-1.1 pp) | 8.5%(+12.4 pp) | -3.8%(-12.5 pp) | 8.6%(-15.4 pp) |
| EBITDA | 39(+13.4 %) | 35(+9.5 %) | 32(-2.9 %) | 33(+4.8 %) |
| EBIT | 26(+16 %) | 23(+17.5 %) | 19(-0.7 %) | 19(+10.4 %) |
| Net income | 15(+76.1 %) | 8.3(-66 %) | 24(-10.7 %) | 27(+440.9 %) |
| Equity | 348(+62.7 %) | 214(+26.8 %) | 169(+12.6 %) | 150(+20.1 %) |
| Cash and bank | 34(+178.1 %) | 12(-49.8 %) | 24(-9.3 %) | 27(+608 %) |
| Operating cash flow | 59(+224.7 %) | 18(-8.9 %) | 20 | – |
| Equity ratio | 41.4%(+0.8 pp) | 40.6%(+8.7 pp) | 32%(+3.7 pp) | 28.3%(+5.8 pp) |
Documents and reports
4New share issues
Latest 1An overview of the company’s capital raising.
| Date | Capital raised | Valuation |
|---|---|---|
| SEK 3m | SEK 117m |
Questions about Södra Muren Holding
Is Södra Muren Holding publicly listed?
No, Södra Muren Holding is a private limited 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 through the unlisted market.
What does Södra Muren Holding do?
Södra Muren Holding is a Swedish holding company that owns and manages shares in subsidiaries engaged in property development and short-term rentals at mountain destinations. The group owns tourism properties at Kungsberget, Branäs and Idre.
Can I buy shares in Södra Muren Holding?
Yes, it is possible to buy shares in Södra Muren Holding through trading in unlisted shares, provided 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 Södra Muren Holding?
If you own shares in Södra Muren Holding, 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 Södra Muren Holding affiliated with Euroclear?
No, Södra Muren Holding is currently not 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 shares in Södra Muren Holding with Avanza or Nordnet?
Since Södra Muren Holding is not affiliated with Euroclear, the shares cannot normally be held in a standard custody account with Avanza or Nordnet. Instead, ownership is registered directly in the company’s share register.
Does Södra Muren Holding have post-transfer purchase rights or pre-emption clauses?
Yes, Södra Muren Holding has post-transfer purchase rights 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 Södra Muren Holding share traded?
As Södra Muren Holding is not listed on a stock exchange, there is no official quoted price on a regulated marketplace. Instead, the price is determined by supply and demand between buyers and sellers in the unlisted market.
When will Södra Muren Holding be listed on the stock exchange?
There is currently no publicly announced timetable for a stock exchange listing of Södra Muren Holding. We therefore do not currently know when Södra Muren Holding may be listed or whether the company will carry out an IPO.
What risks are associated with investing in Södra Muren Holding?
Investing in Södra Muren Holding involves risk, as does investing in other unlisted shares. The company's value may be affected by property values, interest rates, leverage, occupancy rates, seasonal fluctuations, tourism, operating costs, and demand for short-term accommodation at mountain destinations. Trading in unlisted shares also generally entails lower liquidity than trading in listed shares.
Where can I find Södra Muren Holdings' annual report or financial statements?
Södra Muren Holdings' financial reports are available under Investor Relations and Financial Reports. The company's financial statements can be downloaded there. If a separate annual report or set of financial statements is provided in the future, it should be available in the same section.
Has Södra Muren Holding carried out any share issues?
Yes, Södra Muren Holding has conducted capital raises and previous new share issues. Södra Muren Holding's Capital raised is stated as SEK 22.5 million, indicating how much capital the company has raised through previous financing.
How much capital has Södra Muren Holding raised in total?
Södra Muren Holding's Capital raised is stated as SEK 22.5 million. An equity raise is the process of raising capital, while terms such as funding round, financing, or share issue may also be used.
Has Södra Muren Holding reported a profit or a loss?
Södra Muren Holding reports a positive result in the latest available information. Under Key Figures, EBITDA is stated as TSEK 39,409 and net profit as TSEK 14,586. The company's earnings trend is also shown in the Results by Year chart.