Here is the most important news from the past week from the unlisted companies available on Eqvor's platform. A week marked by contrasts: companies that turned their gaze inwards and prioritised profitability, a much-noticed stock market crash and an eleventh-hour rescue.
- Estrid achieved its most profitable half-year ever — EBIT of 60 MSEK and an 18 per cent margin
- Einride plunged 82 per cent from its peak after a euphoric Wall Street debut
- Stegra was rescued at the eleventh hour — Wallenberg Investments and the state stepped in
- Hasko made its 19th acquisition and is open to a listing valued at 2.5–3 MDSEK
- Quartr: rumours of a new share issue of around 150 MSEK — grey-market trading values the company at 1.7–1.8 MDSEK
- Blykalla begins licensing dialogue with the US nuclear regulator NRC
- New podcast episode of Vägen till Exit: Stefan Sjöstrand, CEO of SkiStar
Estrid — the most profitable half-year in the company's history
On paper, 2025 looked set to be a lost year for the razor company: revenue fell by around 10 per cent and the year ended about 1 per cent in the red. But the company leaned into the transformation — it stopped chasing growth for its own sake, cut costs, invested in its digital backbone and raised the bar for every marketing krona. A year later the picture is completely different.
| First half of 2026 | Outcome |
|---|---|
| EBIT | 60 MSEK |
| EBIT margin | 18% |
| Profitability | Every month |
| EBIT target, full year 2026 | > 100 MSEK |
Subscriber churn is at record-low levels, and according to the company Estrid is the first system razor brand in the world to get into Sephora. According to CEO and co-founder Ben Eliass, Estrid deliberately traded part of its top line for a business that finances itself. After a transformation he describes as incredibly exhausting, the company is now entering the second half of the year with expansion into several new markets.
Source: Breakit; Ben Eliass via LinkedIn.
Hasko Invest — new acquisition and the stock exchange door ajar
The serial acquirer is buying Uvedes, a supplier of UV disinfection systems and spare parts for drinking and process water (revenue about 33 MSEK, 6 employees). It is the group's 19th acquisition. At the same time, Hasko is opening up to a listing on the Stockholm Stock Exchange, at a reported valuation of SEK 2.5–3 billion.
Ahead of a possible listing, the group has revenue of about SEK 1.4 billion on a rolling twelve-month basis (up to and including March 2026), with adjusted EBITA of SEK 272 million and a 20 per cent margin. Hasko buys niche market leaders at a pace of roughly one company per quarter. According to CEO Joakim Tengzelius, a listing is an option going forward, but the owners are in no hurry.
Source: Hasko Invest; Dagens industri.
Quartr — rumours of a new share issue
Breakit reports information that Quartr is preparing a new share issue, with a size said to be around SEK 150 million. The company has chosen not to comment on the reports.
| The valuation journey | Valuation |
|---|---|
| Early round (~2 years ago) | 285 MSEK |
| Funding round autumn 2024 | ~700 MSEK |
| Latest round (last summer) | 1.25 MDSEK |
| Grey-market trading on Eqvor (recent months) | 1.7–1.8 MDSEK |
Source: Breakit; Dagens industri.
A3P Biomedical — study strengthens Stockholm3
A population-based screening study was published in the scientific journal Annals of Internal Medicine. The study compared the company's blood-based Stockholm3 test with the traditional PSA test for detecting aggressive prostate cancer.
| The study | Result |
|---|---|
| Study size | 12,670 men |
| Stockholm3 — sensitivity / specificity | 90% / 89% |
| PSA ≥4 ng/ml — sensitivity | 52% (misses ~half) |
Stockholm3 identified 400 of 443 men with cancer, compared with 327 for PSA at the 3 ng/ml cut-off. According to CEO Martin Steinberg, the combined evidence now covers more than 90,000 men in over 40 scientific publications. The study strengthens the company's ambition to establish the test as the first choice in prostate cancer screening.
Source: A3P Biomedical; Annals of Internal Medicine.
Epidemic Sound — partnership, new product and artist releases
Three pieces of news pointing in the same direction this week: a partnership with the UGC platform Veel (550,000+ creators), where the entire catalogue is now embedded with full rights; the launch of Soundproof, an AI tool that scans brands' content for licensing risks — against the background that 56 per cent say they have been affected by copyright or takedown problems in the past two years; and the artist series Re/works reaching the UK with the producer Ross From Friends. The common denominator: legally safe, wholly owned music ever deeper in creators' workflows.
Source: Epidemic Sound.
Instabee — Vinted partnership live in Sweden and Denmark
Instabee Group (Instabox, Budbee and Porterbuddy) is being integrated into Vinted's platform, launched in Sweden and Denmark with both home delivery and parcel lockers. It is the first step in a broader European roll-out and gives Instabee volume from one of Europe's largest platforms for circular commerce.
Source: Instabee.
Netlight — digital expertise for BMW's Neue Klasse
The consultancy has contributed technical expertise to selected development solutions within BMW Group's Neue Klasse — the car giant's new generation of cars and software — with a focus on software quality and development efficiency. The assignment underlines Netlight's position in large-scale digitalisation in the automotive industry.
Source: Netlight via Dagens industri.
Storsala — divests project in Barkarby
The property company has signed an agreement to divest the Tingsbyn project in Barkarby villastad, Järfälla, to Realy Bostad. Possession took place on 10 June.
According to head of transactions Sofia Folstad, the deal is a carefully weighed strategic decision that makes the value of the investment clear. The divestment is described as part of the company's work to develop the portfolio on a foundation of quality and long-term thinking.
Source: Storsala (Cision), 2026.
Ingrid — CEO leaves after one year
The delivery platform's CEO Susanna Grill Erntell is leaving the company after about a year in the role. She says herself that the departure was not planned: "You don't always control the timing when things come up."
A change of CEO after just one year puts the spotlight on continuity in the management of the delivery technology company.
Source: Breakit.
Blykalla — begins licensing dialogue with the US NRC
The nuclear challenger Blykalla has begun a formal pre-application dialogue with the US nuclear regulator NRC — a first step towards licensing the company's lead-cooled reactor technology SEALER for possible commercial operation in the US.
The process lets the company and the regulator resolve technical and regulatory questions early, for a more predictable licensing path. According to CEO Jacob Stedman, the US is one of the most important future markets for advanced nuclear power. Over the coming months Blykalla will present parts of the reactor design to the NRC ahead of a future licence application.
Source: Blykalla.
Einride — euphoria turned to a crash
The freight technology company was listed on the New York Stock Exchange on 10 June through a merger with the SPAC Legato. After a euphoric debut, the share price has turned sharply downwards.
| Einride on Wall Street | Level |
|---|---|
| Peak price on the first day of trading | USD 34 (+212%) |
| Current price | USD 6.13 (−82% from peak) |
| Market capitalisation | 858 MUSD |
| Revenue / result 2025 | 465 MSEK / −1.7 MDSEK |
Dagens Industri interviewed Eqvor's CEO and co-founder Filip Thunstedt after the listing and asked for his take, in which he describes Einride as a binary case — high risk but also great potential. "The big risk in the case is that they burn a lot of money. Sooner or later they have to show some bottom line too for investors to want to keep supporting them," he says.
Source: Dagens industri.
Stegra — rescued at the eleventh hour
A capital shortfall of around SEK 15 billion came to light in autumn 2025, after a more thorough review of the construction in Boden had been completed. Di Weekend describes how in January the board was hours away from announcing that the project was no longer solvent, before the state and the Wallenberg sphere stepped in.
| The rescue | Detail |
|---|---|
| Capital shortfall | ~15 MDSEK |
| Total project cost | ~85 MDSEK |
| Bridge financing, Q1 2026 | Riksgälden (the Swedish National Debt Office) + Svensk Exportkredit |
| New principal owner | Wallenberg Investments + Altor |
Unlike Northvolt, which was refused similar support a year earlier, Stegra got a lifeline. Leif Johansson has taken office as the new chair of the board. With Wallenberg Investments as principal owner, the company has gone from an acute liquidity crisis to the inner circle of Swedish industry.
Source: Dagens industri (Di Weekend).
New podcast episode: Vägen till Exit with Stefan Sjöstrand
In the first summer bonus episode of Vägen till Exit, Eqvor meets Stefan Sjöstrand, CEO of SkiStar — about the journey from a farm with 10,000 pigs in Slöinge to group CEO, and about turning the company around to an operating profit of SEK 1.2 billion.
This is what the summer looks like: bonus episodes in audio format with guests who have been on the other side — entrepreneurs who have exited, fund managers and experts who know what the journey takes. In August the podcast returns to its regular format, with video episodes about the founders behind the companies on the platform. New episode every Tuesday at 06:00.
Source: Eqvor.
