Pareto: Bakkafrost exceeds volume forecast in Q3 but Scotland weighs
Pareto notes that salmon farmer Bakkafrost’s harvest volume of 27,600 tonnes in the third quarter was 7 percent above the bank’s forecast, mainly driven by the Faroe Islands. Pareto believes that 100,000 tonnes can be reached there in 2026, above the guidance of 97,000 tonnes. At the same time, Scotland weighs with low harvest weights […]
Idex Biometrics quadrupled revenue – wins largest Access order to date
Norwegian biometrics company Idex Biometrics reported preliminary revenue of approximately NOK 6.6 million in the third quarter, compared with NOK 1.6 million in the previous quarter. The outcome was lower than the previously indicated figure of more than NOK 8.5 million, as deliveries were postponed until October. At the same time, the company received its […]
DNB Carnegie raises its price target for SSAB to SEK 110 (100), reiterates Hold
DNB Carnegie raises its price target for SSAB to SEK 110 (100), reiterates Hold
Boeing awarded Patriot contract worth SEK 147 billion
Boeing has been awarded a contract by defense company Lockheed Martin worth approximately USD 14.7 billion, equivalent to SEK 147.6 billion, to scale up production and deliver seekers for PAC-3 MSE missiles used in the Patriot air defense system. This is stated in a press release. The agreement enables Boeing to triple production of the […]
Loomis completes billion-krona acquisition of Hermes
Cash management company Loomis has completed the acquisition of Peruvian Hermes Transportes Blindados. Ownership now amounts to 99.80 percent and the purchase price is approximately 297 million dollars, equivalent to around SEK 3 billion. The acquisition establishes Loomis in Peru, and from October Hermes will be included in the Europe and Latin America segment. Peru […]
EU Commission blocks 26 million euro in aid to Polish MAN Trucks
The European Commission has determined that Poland’s planned investment aid of approximately 26 million euro, equivalent to 116 million zloty, to MAN Trucks contravenes the EU’s state aid rules. The aid may therefore not be paid out. The aid was intended for a capacity expansion at MAN Trucks’ plant in Niepołomice in the Małopolskie region. […]
Bakkafrost’s harvest volume higher than expected in third quarter
Fish farming giant Bakkafrost had a total harvest volume of 27,600 tonnes of fish in the third quarter of 2026, which was 6.1 percent higher than Bloomberg’s estimate of 26,001 tonnes. In the Faroe Islands, the harvest volume amounted to 23,100 tonnes and in Scotland to 4,500 tonnes. The average harvest weight was 5.0 and […]
Pareto Securities cuts the price target for C-Rad to SEK 42 (45), reiterates Buy
Pareto Securities cuts the price target for C-Rad to SEK 42 (45), reiterates Buy
World Bank raises growth forecast for East Asia – warns of AI risks
The World Bank raises its forecast for growth in East Asia and the Pacific in 2026 to 4.5 percent, from 4.2 percent previously. Growth is then expected to slow to 4.4 percent in 2027 and 4.3 percent in 2028. The upswing is largely driven by AI-related exports, which accounted for more than half of export […]
Shelly Group’s board deems Schneider Electric’s bid fair
Shelly Group’s board deems Schneider Electric’s cash offer of EUR 70 per share fair and adequate. This is stated in a press release. The offer represents a premium of approximately 27 percent to the volume-weighted average price on Xetra over the six months through 28 July. An independent valuation by Freitag & Co also deems […]
