The Stockholm Stock Exchange was trading higher at lunchtime on Wednesday. The earnings season continued with several interim reports during the morning.
At around 13:01, the OMXS30 index was up 0.72 percent at 3,351.56. Shares worth approximately SEK 6.7 billion were traded on the Stockholm Stock Exchange.
Energy posted the best performance among the exchange’s larger industrial sectors, rising 2.32 percent. At the other end, real estate was the worst performer, down 1.64 percent.
Among the leading stocks included in the OMXS30 index, Ericsson B rose 3.2 percent, while ABB was up 2.6 percent. Nibe B posted the weakest performance, falling 2.6 percent, while H&M B was down 1.4 percent.
Gaming company Embracer’s second-quarter report beat analysts’ expectations, with both revenue and adjusted operating profit significantly better than expected. Embracer repeats its forecast of cash EBIT of at least SEK 1.0 billion for the 2026/2027 financial year. Preparations for the company’s upcoming game launches and the planned spin-off of Fellowship Entertainment are progressing according to plan. Embracer fell 1.4 percent.
Brand company New Wave’s third-quarter operating profit came in 3.5 percent above analysts’ expectations. Revenue was in line with consensus. New Wave rose 6.2 percent.
Heavy commercial vehicle dealer Ferronordic reports a clear improvement in revenue and operating profit in the third quarter compared with the same quarter last year. Ferronordic surged 11.8 percent.
Oil and energy company Meren Energy reports lower revenue and lower ebitdax in the third quarter compared with the same quarter last year. Daily oil production fell by 20 percent during the quarter. The full-year ebitdax forecast is raised to USD 390-440 million, from previously USD 390-430 million. The production forecast is narrowed to 25,000-27,000 barrels per day, compared with previously 24,000-27,000 barrels. The quarterly dividend is unchanged at USD 0.0371 per share. The stock rose 0.2 percent.
Proact has set new financial targets for 2030. The company is targeting average annual sales growth of 10 percent including acquisitions and an adjusted ebita margin of at least 8 percent. Adjusted earnings per share are to double compared with 2025 to at least SEK 20. Net debt in relation to ebitda is to be 1-2 times. The dividend policy entails that more than 25 percent of net profit is to be distributed. Proact rose 0.7 percent.
Munters updated its financial targets for a 3-5-year period. Annual growth in net sales is to exceed 14 percent, while the adjusted ebita margin is to exceed 14 percent. Munters rose 0.7 percent.
Credit rating agency S&P Global Ratings raised its outlook for defense group Saab to positive from stable and affirmed its BBB+ credit rating. A credit rating upgrade could be possible within six to twelve months. Media reports also indicated that the company’s deal with Canada is drawing closer. Saab fell 0.9 percent.
Pattern generation company Mycronic has received a trade-in order for a Prexision 8 Evo from an existing customer in Asia. The order value amounts to USD 21–24 million. The stock rose 4.3 percent.
Among today’s analyst recommendations, Nordea scraps its buy recommendation for Nibe and lowers the rating to hold. The price target is cut from SEK 50 to SEK 43. Nibe fell 2.4 percent.
Handelsbanken cut its buy recommendation for Clas Ohlson and lowered the recommendation to hold. The price target is raised from SEK 520 to SEK 565. The stock fell 3 percent.
Pareto Securities raised its recommendation for Mentice to buy, from hold, and repeats its SEK 16 price target. Mentice surged 12.3 percent.
Jefferies initiated coverage of AAK with a hold recommendation and a SEK 170 price target. AAK fell 1.7 percent.
