NMANNasdaq StockholmIndustrialsIFRS · SEK

Nederman Holding

Nederman Holding is a global leader in environmental technology, specializing in industrial air filtration. The company is dedicated to extracting, transporting, and cleaning air to enhance industrial production efficiency, safety, and sustainability. With a strong presence in over 50 countries, Nederman combines industry-leading products, solutions, and services with innovative IoT technology to optimize performance and ensure regulatory compliance. The company is listed on Nasdaq Stockholm and employs approximately 2,400 people worldwide.

Revenue5,783m SEK
−2.0 %y/y
Operating profit (EBIT)504m SEK
−14.9 %y/y
EBIT margin8.7%
−1.3 ppy/y
Net income274m SEK
−20.6 %y/y

Fiscal year 2025 · change from previous year

Development 2021–2025

02,0004,0006,0008,000m SEK2021: 4,042 m SEK2021: EBIT 459 m SEK20212022: 5,179 m SEK2022: EBIT 480 m SEK20222023: 6,188 m SEK2023: EBIT 593 m SEK20232024: 5,900 m SEK2024: EBIT 593 m SEK20242025: 5,783 m SEK2025: EBIT 504 m SEK2025TTM 2026: 5,542 m SEKTTM 2026: EBIT 419 m SEKTTM5,542419
RevenueOperating profit (EBIT)TTM = last 12 months, not a full fiscal year

Business

Share of revenue
Air Filtration Systems40 %

Includes systems for extracting and cleaning industrial air.

Monitoring & Control Technology25 %

IoT solutions for performance optimization and compliance.

Custom Solutions20 %

Tailored systems for specific industrial needs.

Service & Aftermarket15 %

Maintenance and support services for installed systems.

Customers

Nederman serves a diverse range of industries including automotive, metalworking, and electronics manufacturing. Customers seek Nederman's solutions to improve air quality, enhance operational efficiency, and comply with environmental regulations. The company's products are particularly valued by industries with stringent emission standards and those looking to integrate IoT technology for better performance monitoring. Nederman's broad product range and customization capabilities attract both large enterprises and smaller industrial clients.

Automotive Industry

Purchases air filtration and emission control systems for compliance and efficiency.

Metalworking Industry

Utilizes filtration systems to maintain clean air and safe working conditions.

Electronics Manufacturing

Requires clean air solutions to ensure product quality and compliance.

Strategy

Nederman's strategic priorities include expanding its product portfolio through acquisitions and enhancing its IoT capabilities for better performance monitoring. The company aims to strengthen its market position in high-growth regions like APAC and the Americas. Investing in production efficiency and new technology development is crucial for maintaining competitive advantage. Nederman is also focused on sustainability, aiming to reduce environmental impact and improve energy efficiency in its operations and offerings.

Expand product portfolioMedium term

To offer comprehensive solutions and capture new markets.

Enhance IoT capabilitiesShort term

To provide advanced monitoring and compliance solutions.

Strengthen market positionLong term

To increase market share in high-growth regions.

Geography

Nederman has a significant presence in Europe, the Americas, and Asia-Pacific, with a particularly strong market position in EMEA. The company is expanding its footprint in the Americas and ranks among the top five in the APAC region. Manufacturing and R&D facilities are strategically located to serve key markets efficiently. The acquisition of companies like Olicem and Duroair Technologies has strengthened Nederman's position in Europe and North America, respectively.

Risks

Nederman faces several risks including geopolitical uncertainties, which could lead to increased protectionism and impact global trade. The company is also exposed to fluctuations in raw material prices and foreign exchange rates, which can affect profitability. Additionally, regulatory changes in environmental standards could require significant adjustments in product offerings. The competitive landscape in the environmental technology sector poses a risk of market share erosion if innovation lags.

Sorted by severity
Regulatory changesHigh

May require adjustments in product offerings.

Geopolitical uncertaintiesHigh

Could lead to increased protectionism affecting trade.

Raw material price fluctuationsMedium

Impact production costs and profitability.

Accounting

Judgemental items
Revenue recognition

Timing in long-term contracts affects earnings.

Impact: high

Goodwill impairment

Affects balance sheet valuations.

Impact: medium

Publicly listed companies with a comparable business focus.

Last updated: 24/09/2026