Smart Buildings

Plejd Smart Lighting Business & 2024 Financials

In this Research Note, we explore the smart lighting controls business of Plejd AB, a Swedish public company supplying the Nordic market. We explore their 2024 financial highlights, CEO commentary, market development, and channel approach, based on their 2024 Year-End Report, which was published on 7th February 2025. Plejd Profile Founded in 2009 and headquartered in Mölndal, Sweden, Plejd AB is a publicly traded company on Spotlight Select. The company has deployed over 1 million smart lighting systems, over 5 million installed devices and has over 50,000 installers. Plejd Group reports revenues of approx. $60.6 million with 212 employees across Sweden, Norway, Finland, Netherlands and Germany. 2024 Financial Highlights Net sales amounted to TSEK 662,334 (513,387), which is an increase of 29.0 % compared to the same period last year. The gross margin amounted to 53.6 % (54.4). Operating profit before depreciation (EBITDA) amounted to TSEK 202,627 (115,032), which corresponds to an operating margin before […]

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