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Finwire

Stockholm Stock Exchange ended Friday on an upbeat note – Volvo Cars fell on outlook warning

The Stockholm Stock Exchange ended Friday’s trading session higher, in line with the leading European bourses.

New macro data from the US showed that the number of new jobs came in at +29,000, clearly below the expected +90,000. The unemployment rate also came in slightly higher than expected at 4.2 percent.

Speaker Andreas Norlén has once again tasked Magdalena Andersson with exploring the possibilities of forming a government. She returned the assignment last week because she did not see a way forward.

At the close, the OMXS30 index was up 1.05 percent at 3,260.51. Shares worth approximately SEK 21.8 billion changed hands on the Stockholm Stock Exchange.

Among the bourse’s larger industrial sectors, materials performed best, rising 2.1 percent. At the other end of the scale was healthcare, which was down 1.2 percent.

Among the leading shares included in the OMXS30 index, Boliden rose 3.7 percent while SKF B was up 3.1 percent. Saab B performed worst, falling 1.7 percent, while Astra Zeneca was down 1.6 percent.

Car manufacturer Volvo Cars warns that an increasingly challenging market situation and deteriorating short-term outlook have led to sales being lower than expected. The company will therefore not meet its previously communicated expectations for full-year 2026 volumes and cash flow. No new guidance is being provided at present. Furthermore, Volvo Cars’ global sales fell 10.7 percent in the third quarter. The share fell 7.4 percent.

Colombia and Saab are renegotiating the contract for the country’s purchase of the JAS 39 Gripen, the head of the Colombian Air Force says, according to Sveriges Radio. The air force chief does not want to disclose which parts of the contract are now being renegotiated. Under the previous agreement, Colombia was to purchase 17 Gripen aircraft from Saab for SEK 34 billion. Saab fell 1.7 percent.

Åsa Bergman, CEO and Group President of technology consultancy Sweco, wishes to step down. She has worked at the company for 35 years and has held the CEO position for nearly nine years. Bergman will remain CEO until a successor is in place. The share was down 1.8 percent.

Leisure products company Dometic has prevailed against ACON Igloo Holdings in a dispute over earnout consideration following the acquisition of Igloo. The Delaware Court of Chancery rejected all of ACON’s claims regarding liability for earnout payments and found that Dometic had complied with the acquisition agreement. At the same time, the court dismissed Dometic’s counterclaim. The share fell 0.2 percent.

Consulting and training company BTS has signed an agreement worth USD 12.8 million with a leading global company for AI implementation services. The share rose 2.6 percent.

Software company Vitec Software is acquiring all shares in Finnish ZMartek, which develops business systems for the recycling industry. The company had sales of SEK 4 million in 2025 and will become part of the Vitec Tietomitta business unit. The share fell 0.8 percent.

Skanska has won two US contracts worth a total of SEK 3.1 billion: SEK 2.5 billion for a quay for the U.S. Coast Guard in Rhode Island and SEK 560 million for a hospital project in Florida. The share rose 1.6 percent.

The listing of serial acquirer Eleda was expected to become one of the year’s highlights on the Stockholm Stock Exchange. Now its main owner Bain Capital has formally pulled the emergency brake and halted the process, according to several sources speaking to Dagens industri.

Among today’s analyst recommendations, SEB cuts, drops its Buy rating for Loomis and lowers it to Hold. The share fell 0.9 percent.

Pareto Securities lowers Trelleborg to Hold, from Buy. The share rose 1.9 percent.

DNB Carnegie drops its Buy rating for Billerud and lowers it to Hold. The share increased 0.1 percent.

Handelsbanken has lowered its recommendations for seven real estate companies. Here, Balder fell 3.2 percent and Catena fell 1.3 percent. Handelsbanken dropped its Buy ratings for both companies and lowered them to Hold.

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