Roslagsvatten AB Due Diligence

Run due diligence on Roslagsvatten AB: check compliance and get alerts when suppliers or ownership change.

Sweden · owned by Independent (Sweden) · Roslagsvatten.se · 12 vendors

Roslagsvatten AB is a municipally owned Swedish utility company that provides water supply, wastewater (sewage), stormwater, and waste management services to residents and businesses across several municipalities in the Stockholm region, including Ekerö, Knivsta, Täby, Vallentuna, Vaxholm, and Österåker. Founded in 1989 when Österåker municipality incorporated its water and sewage operations, it has since grown into a multi-municipality cooperative owned by its member municipalities. The company serves approximately 110,000 connected residents and operates recycling centres, waste collection, and drinking water infrastructure across its service area.

Resilience scores

Technology vendors

Insights

Last updated 2026-09-11 · revision 2

12 direct vendors, 74 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

8 in-scope frameworks identified; showing 3.

Swedish Drinking Water Regulation — No public evidence

Evidence: https://roslagsvatten.se/dricksvatten, https://roslagsvatten.se/vart-vatten, https://www.livsmedelsverket.se/produktion-handel-kontroll/dricksvatten, https://roslagsvatten.se/content/iso

NIS2 (source) — No public evidence

Evidence: https://roslagsvatten.se/content/vara-certifieringar, https://roslagsvatten.se/content/iso, https://www.msb.se/sv/amnesomraden/informationssakerhet-cybersakerhet-och-sakra-kommunikationer/nis2/, https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32022L2555

CSRD (source) — No public evidence

Evidence: https://roslagsvatten.se/content/hallbarhetsarbete, https://roslagsvatten.se/arsredovisningar, https://roslagsvatten.se/content/korta-fakta-om-roslagsvatten

Financials

Three-year financials

Financial Resilience Score: 7/10

Roslagsvatten AB benefits from a highly resilient business model rooted in its status as a municipally-owned monopoly water and waste utility operating under Sweden's Water Services Act. Revenue is stable, protected by legal service territories, and backed by tariff-setting rights based on the self-cost principle. Municipal ownership provides implicit and explicit financial support, including municipal loan guarantees (kommunal borgen) that give access to low-cost green financing via Kommuninvest and Nordea. The customer base is growing steadily as the five owner municipalities are among Sweden's fastest-growing regions, and the company has demonstrated operational excellence with zero unfit drinking water samples in both 2023 and 2024. However, financial resilience is being pressured by a rapidly deteriorating balance sheet. Total borrowings surged from SEK 1.25B (2022) to SEK 2.09B (2024), a 67% increase in just two years, while solidity fell from 8.4% (2021) to 3.8% (2024)—below the internal target of ~5%. The group posted three consecutive years of negative net results (2022-2024), forcing steep tariff increases of 21-32% for VA services in 2024. Interest expenses rose ~50% year-over-year to SEK 71.9M in 2024, with a 1 percentage point rate change equating to SEK 20.9M in additional interest cost. A massive investment program (Margretelund plant ~SEK 1.2B, Vaxholm and Knivsta transfer lines) will continue to strain the balance sheet, and the overdraft facility was used multiple times during 2024, indicating liquidity pressure. The non-profit regulatory model both protects and constrains the company—deficits must be recovered through future tariff adjustments.

Key strengths: Monopoly-style regulated revenue base with legal tariff-setting rights, Municipal ownership across seven municipalities with loan guarantees, Access to low-cost green financing via Kommuninvest and Nordea, Growing customer base in Sweden's fastest-growing municipalities, Scale advantages via the Roslagsvattenmodellen shared services, Strong operational quality with zero unfit water samples, Recovery to positive result after financial items in 2024

Risk factors: Rapidly rising leverage: borrowings up from SEK 1.25B to SEK 2.09B in two years, Falling solidity from 8.4% (2021) to 3.8% (2024), below 5% target, Three consecutive years of negative net results (2022-2024), High interest rate sensitivity: 1pp rate change = SEK 20.9M impact, Massive ongoing capex program (Margretelund ~SEK 1.2B build cost), Liquidity pressure - overdraft facility used multiple times in 2024, Cost inflation exposure (construction, electricity, chemicals), New regulatory burdens (NIS2, CSRD, non-deductible interest tax), Climate change risks (flooding, skyfall) stressing infrastructure

Revenue by geography

Revenue by product/service

Workforce by country

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