Roslagsvatten AB

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, 110 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 5/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Roslagsvatten AB demonstrates medium migration readiness. Strengths include the adoption of modern SaaS platforms for specific functions (Teamtailor, Kivra, Edenred) and a modern CMS (Drupal 11), indicating some readiness for cloud-based solutions in these areas. However, several significant weaknesses and challenges exist. There is no explicit mention of cloud-native architectures, containerization, or microservices for core operational IT systems (Water/Wastewater/Stormwater management), suggesting potential reliance on more traditional or legacy infrastructure which would complicate a large-scale migration. The regulatory environment is stringent, with NIS2 applicability and inferred Sweden/EU data residency requirements (GDPR), which will add significant complexity, cost, and compliance hurdles to any cloud migration, especially concerning data sovereignty and security. Financial stability data (revenue concentration, growth history) is missing, making it impossible to assess the company's financial capacity to fund a potentially large-scale migration. The 'Total Vendors: 0' data point is ambiguous; if interpreted as a lack of formal vendor relationships, it means the impact of vendor lock-in on migration is unknown. If considering the SaaS providers as implicit vendors, the relatively small number of identified external platforms could indicate moderate lock-in for those specific services, although the overall vendor lock-in risk is explicitly 'Unknown'.

Compliance

8 in-scope frameworks identified; showing 3.

Swedish Drinking Water Regulation — Assessment Required

As a drinking water supplier serving six municipalities in Stockholm County, Roslagsvatten is directly subject to Swedish drinking water regulations implementing EU Directive 2020/2184 (Drinking Water Directive recast). The company operates water treatment plants and distribution networks. Compliance is overseen by Livsmedelsverket (Swedish Food Agency) and local environmental authorities. Risk is High because: (1) non-compliance can result in public health emergencies; (2) regulatory inspections are mandatory and regular; (3) the EU Drinking Water Directive 2020/2184 introduced new requirements for risk-based approaches, water safety plans, and monitoring of emerging contaminants (PFAS, microplastics, endocrine disruptors) that require ongoing compliance investment; (4) Sweden transposed the recast directive via LIVSFS 2022:12. The company's website references 'Dricksvatten' (drinking water) services and water quality monitoring, indicating active compliance efforts, but no independent audit results are publicly available.

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

ISO 27001 (source) — Assessment Required

ISO 27001 is not currently held by Roslagsvatten, but its absence represents a significant risk given the company's NIS2 obligations as an Essential Entity. ISO 27001 is the internationally recognized standard for information security management and is widely used as a compliance framework to demonstrate NIS2 Article 21 risk management measures. The company holds ISO 9001 (quality) and ISO 14001 (environment) but has not publicly disclosed ISO 27001 certification. Risk is rated High because: (1) as a NIS2 Essential Entity operating critical drinking water and wastewater infrastructure, robust information security management is legally mandated; (2) the absence of ISO 27001 or equivalent means there is no independently verified ISMS in place; (3) cyberattacks on water utilities are a documented and growing threat (e.g., Oldsmar, Florida water treatment attack 2021; multiple European utility incidents); (4) Sweden's MSB has identified water and wastewater as priority sectors for cybersecurity improvement; (5) NIS2 non-compliance fines can reach €10M or 2% of global turnover. Assessment Required status reflects that the company may have internal security controls not yet certified, but no public evidence of ISO 27001 certification or equivalent ISMS framework exists.

Evidence: https://roslagsvatten.se/content/iso, https://roslagsvatten.se/content/vara-certifieringar, https://roslagsvatten.se/sites/default/files/2025-09/2022-10-05-ISO%209001.pdf, https://roslagsvatten.se/sites/default/files/2025-09/2022-10-05-ISO%2014001.pdf

Swedish Environmental Code — Assessment Required

Roslagsvatten operates multiple wastewater treatment plants (reningsverk) and manages stormwater (dagvatten) systems across six municipalities. Operations under the Swedish Environmental Code require environmental permits (tillstånd) from the Land and Environment Court (Mark- och miljödomstolen) or County Administrative Board (Länsstyrelsen). Risk is High because: (1) wastewater treatment is a heavily regulated activity with strict discharge limits; (2) permit violations can result in significant fines and operational shutdowns; (3) the company is actively expanding infrastructure (new treatment plant in Margretelund, Knivsta wastewater solution, Vaxholm transfer system) which requires new environmental permits; (4) EU Urban Wastewater Treatment Directive (91/271/EEC, recast 2024) imposes stricter nutrient removal and energy requirements. The company holds ISO 14001 and REVAQ certifications, indicating environmental management commitment, but permit compliance status is not publicly disclosed.

Evidence: https://roslagsvatten.se/v%C3%A5ra-reningsverk, https://roslagsvatten.se/content/revaq, https://roslagsvatten.se/content/hallbarhetsarbete, https://roslagsvatten.se/sites/default/files/2025-09/2022-10-05-ISO%2014001.pdf

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

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