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Swedish exports in turbulent times

ANNUAL REPORT 2025

Export companies were affected during the year by radical US policies that created instability, trade tensions and new conditions for global commerce. Swedish goods exports fell by one per cent, and many companies are now seeking alternatives to the US market.

The year in brief

  • During the year, EKN guaranteed 1,219 new transactions of which 345 for SMEs (1,412 new transactions, SMEs 374).
  • The exports that EKN guaranteed went to 123 countries (125). At year-end, EKN had guarantees outstanding for transactions in 131 countries (143).
  • There were 419 customers, of which 272 were SMEs. (404, of which 267 SMEs).
  • Statutory limit utilisation at year-end was SEK 532.4 billion (431.2).
  • The profit amounted to SEK 1.4 billion (2.8). EKN continues to have a stable financial position.
  • The volume of guarantees amounted to SEK 57.2 billion, of which 2.4 billion was to SME (103.6, SME 2.6).
  • The volume of offers amounted to SEK 390.2 billion, of which 3.0 billion to SMEs (182.9, SMEs 4.3). 

The amount in brackets refer to the previous year.

NEW OFFERS, GUARANTEES AND PROFIT/LOSS (SEK MILLION) 2025 2024
New offers 390,156 182,854
New guarantees 57,219 103,609
Earned premiums 1,717 1,737
Claims paid –375 –763
Profit/Loss 1,388 2,798

 

NUMBER OF CLIENTS 31 December 2025 31 December 2024
Number of clients 419 404

 

OUTSTANDING EXPOSURE AND ACCUMULATED EARNINGS (SEK MILLION) 31 December 2025 31 December 2024
Offers outstanding 436,086 184,165
Guarantees outstanding 272,389 310,483
Provisions* 9,115 11,345
Outstanding claims, nominal* 10,216 15,991
Outstanding claims, calculated net value* 1,530 1,823
Equity* 31,596 30,209

The figures above do not include working capital credit guarantees for large corporates and subsidised guarantees for Ukraine, if not stated.

* In those balance sheet items the working capital credit guarantees for large corporates are included.

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