Västra Hamnen Corp. Finance

• New verticals and modalities add value to Biometric Technologies
• Digital Identity provides growth and visibility
• We initiate coverage with a fair value of SEK 7.25 per share

Precise Biometrics is a Lund-based company that develops software for biometric recognition in various applications. 2024 was a turnaround year for Precise Biometrics, reporting a steady improvement in profitability. The stock market noted the development, Precise Biometrics was the best-performing share on the Swedish main list last year, posting a 350-per cent rise. Despite the recent revaluation of the company, we see further potential. In our forecast, we have identified a number of value drivers that create growth, cash flow and profitability.

Västra Hamnen initiates research coverage of Precise Biometrics with a fair value of SEK 7.25 per share. The full report is available here.
Watch a video interview in Swedish with CEO Joakim Nydemark here.