Nordrest Holding AB (NREST) AI Stock Analysis

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Nordrest Holding AB

(Nasdaq OMX AB:NREST)

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Rating:66Neutral

Price Target:SEK 284.00▲(7.98% Upside)

Action:reiterated

Date:11/14/26

The company's financial health is a tale of two stories: exceptional balance sheet strength and cash flow generation are significantly tarnished by a dramatic collapse in gross margins. This fundamental risk is the primary factor weighing on the score. Technicals are neutral and do not provide a catalyst, while the valuation is fair, offering some support.

Positive Factors

Strong revenue growthStrong and accelerating revenue growth indicates expanding demand for Nordrest’s foodservice offering and continued business scaling. If maintained, this top-line momentum can support operating leverage, strengthen customer reach, and provide a durable base for earnings growth over the next several quarters.

Negative Factors

Sharp gross margin compressionThe pronounced decline in gross margin signals materially higher cost pressure or an unfavorable change in business mix. Even with stable EBIT and EBITDA margins, sustained gross-margin weakness could limit earnings conversion, reduce flexibility, and make future profit growth more dependent on cost control.

Nordrest Holding AB (NREST) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 3.35B
Dividend Yield: 3.23%
Average Volume (3M): 14.91K
Price to Earnings (P/E): 15.7
Beta (1Y): 0.34
Revenue Growth: 28.26%
EPS Growth: 49.81%
Country: Sweden
Employees: 1,061
Sector: General
Sector Strength: 55
Industry: Restaurants

Nordrest Holding AB Business Overview & Revenue Model

Company Description

Nordrest Holding AB (publ) is an international foodservice enterprise active in Sweden and globally. Its operations primarily encompass the management of restaurants and cafes, where a focus on guest experience and efficient flow is paramount, alongs...

How the Company Makes Money

Nordrest Holding AB makes money primarily by providing foodservice and restaurant operations under contracts and/or through direct restaurant sales. Key revenue streams generally include (1) prepared meals and catering/foodservice sales to end custom...

Nordrest Holding AB Financial Statement Overview

Summary

Strong revenue growth and a robust balance sheet with high returns on equity are offset by a severe decline in gross margins. Cash flow remains solid, but the margin compression is a critical risk.

Income Statement

65Positive

Balance Sheet

78Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.90B	2.55B	1.91B	1.77B	1.21B	488.85M
Gross Profit	250.46M	214.45M	668.30M	950.14M	646.70M	305.09M
EBITDA	335.70M	295.61M	200.45M	176.92M	74.49M	38.28M
Net Income	213.39M	196.08M	119.72M	80.73M	25.36M	15.81M
Balance Sheet
Total Assets	1.06B	1.04B	657.83M	552.24M	404.18M	256.52M
Cash, Cash Equivalents and Short-Term Investments	136.33M	162.25M	190.97M	122.96M	124.88M	71.41M
Total Debt	66.71M	81.57M	33.81M	34.45M	20.54M	16.96M
Total Liabilities	672.24M	669.88M	511.67M	391.66M	333.94M	210.86M
Stockholders Equity	275.16M	250.46M	143.38M	96.58M	39.65M	37.08M
Cash Flow
Free Cash Flow	185.00M	179.79M	104.54M	62.34M	69.83M	34.94M
Operating Cash Flow	231.94M	209.50M	146.76M	85.31M	95.29M	50.14M
Investing Cash Flow	-46.36M	-102.33M	-39.13M	-34.36M	-24.84M	-10.76M
Financing Cash Flow	-188.83M	-135.90M	-39.62M	-52.86M	-16.98M	-4.88M

Nordrest Holding AB Technical Analysis

Technical Analysis SentimentNeutral

Last Price263.00

Price Trends

50DMA262.30Positive

100DMA259.19Positive

200DMA275.63Negative

Market Momentum

MACD0.56Negative

RSI50.85Neutral

STOCH60.12Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:NREST, the sentiment is Neutral. The current price of 263.00 is above the 20-day moving average (MA) of 261.28, above the 50-day MA of 262.30, and below the 200-day MA of 275.63, indicating a neutral trend. The MACD of 0.56 indicates Negative momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 60.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SE:NREST.

Nordrest Holding AB Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

SE:NREST against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:NREST	66Neutral	SEK 3.32B	15.68	―	3.23%	28.26%	49.81%
SE:PRISMA	66Neutral	SEK 4.82B	5.56	―	―	38.92%	179.02%
SE:GPG	62Neutral	SEK 1.43B	4.13	―	2.92%	6.60%	34.05%
SE:JOMA	60Neutral	SEK 4.08B	6.32	―	0.45%	5.25%	79.76%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:EAST	55Neutral	SEK 4.37B	12.96	―	2.82%	2.27%	-18.57%
SE:BRIN.B	53Neutral	SEK 2.68B	12.20	3.06%	―	33.83%	31.99%

* General Sector Average

Performance Comparison

SE:NREST and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:NREST	Nordrest Holding AB	263.00	21.26	8.79%
SE:BRIN.B	Brinova Fastigheter AB Class B	11.55	-4.50	-28.04%
SE:JOMA	John Mattson Fastighetsforetagen AB	55.20	-11.52	-17.27%
SE:PRISMA	Prisma Properties AB	29.40	4.50	18.07%
SE:GPG	Genova Property Group AB	31.20	-7.70	-19.80%
SE:EAST	Eastnine AB	44.75	-2.68	-5.65%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 14, 2026

Nordrest Holding AB AI Stock Analysis