Careium wins SEK 24m Norwegian contract - ABG

Careium wins 12-year Norwegian contract
Contract worth SEK 24m, ~2% of '26e net sales
Trading at 9.5x-7.3x '25-'27e EV/EBITA adj.


Careium wins contract worth SEK 24m p.a.

Careium has won a 12-year contract in Norwegian municipalities Asker and Baerum, worth SEK 24m annually. On current estimates, the contract is worth ~2.3% of '26e net sales, and ~5% of '26e Nordics sales. The delivery commences in October 2025 and consists of both products and services. Careium cooperates with partners Sensio and Atea.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/careium/Equity-research/2025/3/careium---careium-wins-sek-24m-norwegian-contract-/