December 29, 2015 -
According to a recent report by Bloomberg Business, Swedish biometric technology firm Fingerprint Cards AB (FPC) is Europe’s best performing stock for 2015.
FPC has climbed 1,391 percent in 2015 through to last Monday, the biggest gainer among the 1,000 companies on the Bloomberg World EMEA Index. With a market value growing to $3.9B USD, the stock will be included in the OMX Stockholm 30 Index next year.
According to price swings over the past month, FPC shares are about four times more volatile than the Stoxx Europe 600 Index.
“Being added to the benchmark stock index will attract larger, professional investors and analysis, which may make the share less volatile,” Albin Rannar of the Swedish Shareholders’ Association said. “Hopefully, when larger players go into the stock it will stabilize its development.”
In a telephone interview with Bloomberg, FPC CEO Joergen Lantto commented that FPC “had about 45 percent of the value of the total fingerprint sensors market this year and forecasts it can tighten its grip to control up to 70 percent in 2016.”
Earlier this month, Fingerprint Cards (FPC) reported its revenue guidance for 2016.