The Stockholm stock exchange rose on Friday for the third day in a row. However, Nibe fell heavily on his report. The leading European stock exchanges also recorded gains. The New York stock exchanges traded in an irregular trend at the close in Stockholm.
At the close, the OMXS30 index was up 0.99 percent at 2,408.92. The index is now noted for an increase since the turn of the year of 0.5 percent. Shares worth SEK 23.6 billion were traded on the Stockholm Stock Exchange.
Finance had the best development among the stock exchange’s larger industrial sectors, with an increase of 1.14 percent. In the second scale, real estate was at the bottom with minus 0.60 percent.
Among the leading shares, included in the OMXS30 index, Atlas Copco B rose 4.1 percent while Atlas Copco A was up 3.9 percent. Nibe had the worst development with minus 13.3 percent, while Sinch was listed down 6.9 percent.
Heating technology company Nibe’s revenue and operating profit in the fourth quarter came in line with analysts’ expectations. The dividend was left unchanged at 65 öre per share. “Our assessment is that the first two quarters of the year and possibly the whole year will have a weaker development,” commented CEO Gerteric Lindquist. The company is starting a program of measures that will lead to annual savings corresponding to SEK 600 million with full effect in 2025. Nibe will take one-off costs of SEK 900 million for the measures. The stock fell 13.3 percent.
The clothing company H&M’s main owner Ramsbury Invest, which is controlled by the founding family Persson, has issued call options to CEO Daniel Ervér and the CFO. Adam Karlsson. The stock rose 0.5 percent.
Network equipment company Net Insight reported higher revenues and more than doubled operating profit in the fourth quarter. The quarter was the strongest in the company’s history. The stock advanced 23 percent.
Fastighetsbolaget Diös reported higher rental income and management results in the fourth quarter. The board chooses to scrap the dividend this year, compared to SEK 2 per share last year. The stock lost 1.8 percent.
Cyber security company Yubico reported rising order intake, revenue and operating profit in the fourth quarter. The company adjusted its financial targets, meaning that the target of an annual growth in order intake of, on average, 25 percent, is replaced by a corresponding growth for net sales. The second target of an operating margin, ebit, of 20 percent remains unchanged. The stock climbed 32 percent.
The crisis-hit real estate company Fastator fell by 16.4 percent. The company will not be able to meet the set requirements for outstanding bond loans and must therefore negotiate with the bondholders.
Property company Klarabo’s share rose 2.5 percent. Handelsbanken raised its recommendation in the short term to buy, from hold, and in the long term to outperform, from market perform.
Henrik Ohlin
henrik.ohlin@finwire.se, 0703-21 06 99
News agency Finwire
