DNB Carnegie raises target for Industrivarden stock to SEK 530

Published on 10/13/2026 at 09:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net asset value reached SEK 517 per share in the first nine months of 2026, up 17 percent. Industrivarden stock stood at EUR 45.22 on October 13, 2026.

Key points in brief

DNB Carnegie raised its Industrivarden target to SEK 530 from SEK 520 on October 8, 2026.
Net asset value reached SEK 517 per share in the first nine months of 2026, up 17 percent.
Industrivarden stock was trading at EUR 45.22 at Lang & Schwarz on October 13, 2026 at 9:06 a.m. CEST.
The company scheduled its 2026 year-end report for February 5, 2027.

Industrivarden Ab-C Shs, SE0000107203, Illustration mit AI erstellt.

Industrivarden stock (ISIN SE0000107203) was trading at EUR 45.22 at Lang & Schwarz on October 13, 2026 at 9:06 a.m. CEST. According to TargetWatch on October 8, 2026, DNB Carnegie raised its target to SEK 530 from SEK 520 and retained its Hold view. The same date, Pareto Securities raised its target to SEK 506 from SEK 500.

Three reports reshape the picture

On April 10, 2026, Industrivarden reported first-quarter earnings per share of SEK 28.77, according to Quartr. On July 8, the second-quarter update showed net asset value of SEK 225 billion and a 33 percent total return for Class A shares, the same Quartr summary states.

The latest event came on October 7. In its official interim report, Industrivarden reported net asset value of SEK 223.3 billion, or SEK 517 per share, on September 30, 2026. Net asset value increased 17 percent during the first nine months, while total return reached 30 percent for Class C shares.

What does the NAV growth show?

The figures point to a portfolio-led story rather than conventional revenue growth. Industrivarden bought shares worth SEK 3.3 billion during the first nine months of 2026, including SEK 1.2 billion in Essity, SEK 0.9 billion in Handelsbanken and SEK 0.8 billion in Volvo, according to the interim report.

That allocation matters because the company is an investment manager whose value is driven by its holdings and their market prices. The report also showed a debt-equities ratio of 2 percent at September 30, 2026, down from 3 percent a year earlier, giving the balance sheet a lower leverage profile alongside the 17 percent NAV increase.

When are the next milestones?

The company scheduled its 2026 year-end report for February 5, 2027, and its annual general meeting for April 15, 2027. Those dates were listed by MFN and Industrivarden. For the stock, the next valuation checkpoint is whether portfolio gains continue to support NAV above the SEK 517 per-share level reported for September 30.

Stock price and investor reference

At Lang & Schwarz, Industrivarden stock was trading at EUR 45.22 on October 13, 2026 at 9:06 a.m. CEST. The quote is an intraday euro reference for the Class C share.

The further course of trading is shown by the continuously updated real-time quote of Industrivarden stock.