The Stockholm exchange closed slightly higher on Friday after some recovery towards the end of the day. The focus was on an intense flow of reports, with Volvo Cars among those falling heavily after weak results and news of further cost savings.
At the close, the OMXS30 index was up 0.41 percent at 3,175.70. Shares worth approximately SEK 33.2 billion changed hands on the Stockholm exchange.
Among the exchange’s larger industrial sectors, energy performed best, rising 2.6 percent. At the other end of the scale, consumer staples was at the bottom, down 0.5 percent.
Among the leading shares included in the OMXS30 index, Hexagon B rose 3.9 percent while Evolution was up 3.6 percent. Lifco B performed worst, falling 12.0 percent, while Addtech B was down 2.7 percent.
Car manufacturer Volvo Cars plunged 24 percent. The company reported a sharp decline in revenue and swung to a clear operating loss in the third quarter. The company is strengthening its action programme with additional cost savings of SEK 5 billion, which are to have their full effect before the end of next year. The measures mean that 2,500 positions will be eliminated, of which 2,000 are in Sweden.
Defence company Saab exceeded expectations for both revenue and operating profit in the third quarter. At the same time, order intake increased sharply following several major contracts, and the order book has grown to SEK 364 billion. The share rose 1.8 percent.
Truck and bus manufacturer Volvo reported adjusted operating profit in line with analysts’ expectations in the third quarter. Revenue was lower than expected, however, while profitability improved year-over-year. The share fell 1.1 percent.
Metrology company Hexagon exceeded expectations for both revenue and adjusted operating profit, ebitac, in the third quarter. Organic growth amounted to 13 percent, the highest level in five years.
Live casino developer Evolution reported revenue and adjusted ebitda in line with analysts’ expectations.
Automotive safety company Autoliv’s adjusted operating profit came to USD 262 million in the third quarter, versus an expected USD 257 million. At the same time, the company lowered its full-year forecast for the operating margin to 10.5 percent, from the previous 10.5–11 percent. The forecast of unchanged organic sales remains unchanged. The share fell 4 percent.
Industrial conglomerate Lifco said that a customer within Contract Manufacturing, corresponding to approximately 5 percent of the group’s revenue, has lowered its forecasts from January 2027 and intends to move its purchases to other suppliers. This is expected to negatively affect Systems Solutions’ revenue and earnings in 2027. Lifco’s adjusted ebita in Q3 was otherwise higher than expected at SEK 1,708 million, versus an expected SEK 1,694 million.
Appliance company Electrolux reported adjusted operating profit above analysts’ expectations. The market outlook is unchanged, with neutral volume development in Europe, negative in North America and positive in Brazil. At the same time, cost efficiencies are expected to contribute SEK 4 billion, compared with the previous forecast of SEK 3.5–4 billion. The share rose 1.5 percent.
Engineering company Sandvik received dual recommendation upgrades as both Nordea and Pareto Securities raised their ratings to buy from hold. The share rose 3 percent.
Betting company Betsson had its recommendation upgraded to buy from hold by Pareto Securities. The share rose 4.9 percent.
Residential property platform Hemnet, on the other hand, had its buy rating removed by Pareto Securities, which lowered the recommendation to hold. The share fell 7 percent.
Leisure products company Dometic had its recommendation lowered to hold from buy by DNB Carnegie. The share rose 2 percent.
Packaging and paper company Billerud had its recommendation upgraded to buy from hold by Nordea. The share rose 0.5 percent.
Pharmaceutical company Astra Zeneca received a buy rating when Arctic initiated coverage of the share. The share fell 1.2 percent.
