Reporting requirements for listed companies
⏲ Read time: 3 minutes
Companies on Nasdaq Stockholm’s Main Market and on First North face different requirements for when and how they must report. Here we go through what applies to interim reports, year-end reports and annual reports on each market.
Nasdaq Stockholm Main Market
Companies on the Main Market must publish an interim report every quarter. Interim reports and the year-end report must be published no later than two months after the end of the period, and the annual report no later than four months after the end of the financial year. Under the Swedish Companies Act, the annual general meeting must be held within six months after the end of the financial year.
The reports must be prepared in accordance with IFRS, and the half-year report must contain at least the information required under IAS 34. Every interim report and year-end report must begin with a summary that includes at least net sales, earnings per share and any forecast. It must also state whether the auditor has reviewed the report.
The year-end report has some requirements of its own. It must state the proposed dividend per share, or clearly state that no dividend is proposed. It must also state the date of the annual general meeting and where and in which week the annual report will be available.
Companies that apply the Swedish Corporate Governance Code must also have the auditor review the half-year or nine-month report. Disclosed information must remain available on the company’s website for at least five years, and financial reports for at least ten years.
The annual report must also be submitted in ESEF format. Read more in the article ESEF tools: how to choose the right one.
Nasdaq First North
Companies on First North only need to publish a half-year report and a year-end report. Quarterly reports are optional, but a company that chooses to publish them must include the same information as in the half-year report.
The half-year report and any quarterly reports must be published no later than two months after the end of the period, and the year-end report no later than three months after. Each report must include an income statement, a balance sheet, a cash flow statement and a statement of changes in equity, with comparative figures. Which comparative periods must be shown depends on the type of report. A half-year report, for example, shows the half-year and the same period the previous year, while the year-end report also shows the full year. These are minimum requirements, and companies may add more columns.
The full report must be attached to the press release. Before each financial year, the company must publish a financial calendar on its website with the dates of the reports, the annual report and the annual general meeting. Reports must remain available on the website for at least five years.
First North is not a regulated market, so companies listed there are not covered by ESEF.
Frequently asked questions
How often must a company on the Main Market report?
Every quarter. Interim reports and the year-end report must be published no later than two months after the end of the period.
Do companies on First North have to publish quarterly reports?
No. A half-year report and a year-end report are sufficient. A company that chooses to report quarterly must include the same information in its quarterly reports as in the half-year report.
When must the annual report be published?
For companies on the Main Market, no later than four months after the end of the financial year.
When must the annual general meeting be held?
Within six months after the end of the financial year, under the Swedish Companies Act.
What must come first in an interim report?
On the Main Market, the report must begin with a summary that includes at least net sales, earnings per share and any forecast.
What must the year-end report contain besides the figures?
On the Main Market, it must state the proposed dividend, the date of the annual general meeting and when the annual report will be available.
Does the interim report have to be reviewed by the auditor?
Companies that apply the Swedish Corporate Governance Code must have the auditor review the half-year or nine-month report. On the Main Market, every interim report must also state whether it has been reviewed.
