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Metacon

0.14 SEK-1.39 %18/8 17:29
Less than 1K followers

META

First North Stockholm

Industrial Goods & Services

Industrials

Overview
Financials & Estimates
Ownership
Investor consensus
Compare
-1.39 %
-23.74 %
-50.69 %
-56.11 %
-64.54 %
-44.96 %
-79.86 %
-95.96 %
-38.53 %

Metacon is an energy technology company that develops and sells small and large energy systems for the production of hydrogen, electricity and heat. The company's offering includes electrolysis, reforming and combined energy systems, with customers in industry, transport and real estate. Metacon operates internationally. The company was founded in 2011 and is headquartered in Örebro.

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Market cap
248.59M SEK
Turnover
1.12M SEK
P/E (adj.) (26e)
-2.63
EV/EBIT (adj.) (26e)
-2.61
P/B (26e)
4.15
EV/S (26e)
0.98
Dividend yield-% (26e)
-
Coverage
Recommendation
Reduce
Target price
0.19 SEK
Updated
2026-08-13
Disclaimer
Lucas Mattsson
Lucas Mattsson

Head of Equity Research, Sweden

Latest research

Latest analysis report

Released: 2026-08-13

Latest extensive report

Released: 2025-10-06

Revenue and EBIT-%
EPS and dividend
Financial calendar
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Forum discussions
Several pieces of news from Metacon this week If there is anything specific you are wondering about, you can always ask analyst @lucas.mattsson directly here in the thread.
7/3/2026, 9:45 AM
by Jesper Hagman
2
Here are Lucas’s comments on Metacon’s new order. Inderes – 2 Jul 26 Metacon: DIFFERin T&K-tilaus vahvistaa suunnitteluosaamista - Inderes Erikoistuneen testausyksikön kehittäminen DIFFERille vahvistaa yhtiön sisäistä suunnittelu- ja reaktorisuunnitteluosaamista.
7/2/2026, 5:19 AM
by Sijoittaja-alokas
2
Here are Lucas’s comments regarding the preliminary results of Metacon’s offering Inderes – 29 Jun 26 Metacon: Annin alustava tulos 71 % enimmäisbruttovaroista - Inderes Merkintäoikeusannin odotetaan toteutuvan noin 71-prosenttisesti enimmäismäärästä eli noin 77 MSEK:iin ennen kuluja...
6/29/2026, 4:50 AM
by Sijoittaja-alokas
2
Lucas has updated the Metacon research report following the latest news In our view, the recently announced capital raise reduces financial risks and allows the company to execute its order backlog and help convert part of its sales pipeline, at least in the short term. Due to the...
6/4/2026, 6:56 AM
by Sijoittaja-alokas
2
Here are Lucas’s pre-game thoughts, as Metacon reports its Q1 results this Thursday. We expect the report to show continued strong year-on-year revenue growth as the company executes its electrolysis project backlog, although we expect the result to remain negative. Our primary focus...
5/4/2026, 5:36 AM
by Sijoittaja-alokas
2
Here is the company report from Lucas following Metacon’s Q2 results Although Metacon continued to execute on its order backlog in its Q2 report, we believe the key takeaways were the weak order intake and management’s comments on the slow development of the market. With the order...
8/13/2026, 5:50 AM
by Sijoittaja-alokas
1
Here are Lucas’s comments regarding the recent press release. Metacon announced on Thursday that it has been granted a subsidy of up to SEK 111 million from Klimatklivet for the construction of a 10 MW electrolysis plant in Uppsala. In our view, the project strengthens the long-term...
7/3/2026, 5:41 AM
by Sijoittaja-alokas
1
Read more on our forum
Revenue and EBIT-%

Revenue M

EBIT-% (adj.)

EPS and dividend

EPS (adj.)

Dividend %

Financial calendar
4/11
2026

Interim report Q3'26

10/2
2027

Annual report '26

Metacon Q2'26: Exekvering enligt plan, men nya ordrar dröjer6:25
Video2026-08-17 15:46 by
Jesper Hagman, Lucas Mattsson

Metacon Q2'26: Exekvering enligt plan, men nya ordrar dröjer

I analytikerintervjun diskuterar vi pipelinen, finansieringsbehovet och faktorerna bakom vår rekommendation efter Q2-rapporten.

Metacon
Metacon Q2'26: Weak order intake and a cautious outlook
Research2026-08-13 06:30 by
Lucas Mattsson

Metacon Q2'26: Weak order intake and a cautious outlook

While Metacon delivered continued backlog execution in its Q2 report, the main takeaways in our view were the weak order intake and management's commentary on the slow market development.

Metacon
Metacon Q2'26: Tillväxt möter rörelseförlust19:13
Video2026-08-12 14:57 by
Lucas Mattsson

Metacon Q2'26: Tillväxt möter rörelseförlust

Vi tog ett snack med bolagets VD och CFO om projekten i Grekland och Rumänien samt finansiella positionen efter H1'26.

Metacon

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Regulatory press release2026-08-12 08:00

Metacon AB: Metacon publishes interim report for Q2 2026

Metacon
Regulatory press release2026-08-12 08:00

Metacon AB: Metacon publicerar delårsrapport för andra kvartalet 2026

Metacon
Regulatory press release2026-08-10 17:31

Metacon AB: Metacon announces that CFO Mattias Jansson will leave the company for a new assignment from November 2026

Metacon
Regulatory press release2026-08-10 17:31

Metacon AB: Metacon meddelar att CFO Mattias Jansson lämnar bolaget för ett nytt uppdrag från november 2026

Metacon
Metacon Q2'26 preview: Backlog execution set to drive revenue growth
Analyst Comment2026-08-05 07:02 by
Lucas Mattsson

Metacon Q2'26 preview: Backlog execution set to drive revenue growth

We expect Metacon's Q2 report to show continued strong growth, while we anticipate earnings will remain negative due to the ongoing commercial scale-up.

Metacon
Regulatory press release2026-07-22 09:00

Metacon AB: Metacon beslutar om en riktad emission av teckningsoptioner till Fenja Capital

Metacon
Regulatory press release2026-07-22 09:00

Metacon AB: Metacon resolves on a directed issue of warrants to Fenja Capital

Metacon
Metacon: A 10 MW showroom to fuel future growth
Analyst Comment2026-07-03 07:37 by
Lucas Mattsson

Metacon: A 10 MW showroom to fuel future growth

A 111 MSEK grant for a 10 MW plant creates a vital reference facility to drive future electrolyzer sales.

Metacon
Regulatory press release2026-07-02 14:18

Metacon AB: Metacon beviljas cirka 111 Mkr från Klimatklivet för referensanläggning för vätgasproduktion i Uppsala

Metacon
Regulatory press release2026-07-02 14:18

Metacon AB: Metacon granted approximately SEK 111 million from Klimatklivet for hydrogen production reference plant in Uppsala

Metacon
Metacon: R&D order from DIFFER validates engineering expertise
Analyst Comment2026-07-02 06:45 by
Lucas Mattsson

Metacon: R&D order from DIFFER validates engineering expertise

Developing a specialized testing unit for DIFFER validates in-house engineering and reactor design expertise.

Metacon
Press release2026-07-01 16:19

Metacon AB: Metacon utvecklar avancerad katalytisk testenhet för europeisk forskningskund

Metacon
Press release2026-07-01 16:19

Metacon AB: Metacon develops advanced catalytic testing unit for European research customer

Metacon
Regulatory press release2026-06-29 18:45

Metacon AB: Metacon tillförs cirka 77 MSEK i företrädesemissionen

Metacon
Regulatory press release2026-06-29 18:45

Metacon AB: Metacon raises approximately SEK 77 million in the rights issue

Metacon
Metacon: Capital raise preliminary outcome at 71% of maximum gross proceeds
Analyst Comment2026-06-29 06:15 by
Lucas Mattsson

Metacon: Capital raise preliminary outcome at 71% of maximum gross proceeds

In total, the rights issue is expected to reach approximately 71% of the maximum subscription, or ~77 MSEK before expenses, compared to the maximum amount of approximately 109 MSEK.

Metacon
Regulatory press release2026-06-26 18:05

Metacon AB: Metacon announces preliminary outcome of the rights issue

Metacon