The Stockholm stock exchange continued to rise at lunchtime on Tuesday and outperformed leading European exchanges. Among the day’s major news events, Hemnet is implementing a cost-cutting programme and Boozt gained after raising its full-year guidance.
At around 1 p.m., the OMXS30 index was up 1.17 percent at 3,318.64. Shares worth approximately SEK 7.5 billion were traded on the Stockholm stock exchange.
Technology posted the best performance among the exchange’s larger industrial sectors, with a
gain of 1.9 percent. At the other end of the scale, energy was at the bottom, down 1.8 percent.
Among the leading shares included in the OMXS30 index, Epiroc A rose 5.2 percent while Sandvik was up 3.0 percent. H&M B posted the weakest performance, down 0.8 percent, while Saab B fell 0.6 percent.
E-commerce company Boozt raises its full-year guidance for 2026 after a strong third quarter. The adjusted operating margin for the third quarter is expected to amount to 5.5 percent, compared with 4.0 percent in the same quarter last year. For the full year, net sales growth is now expected to amount to 9-12 percent in local currency, compared with the previous forecast of 7-11 percent. The forecast for the adjusted operating margin is raised to 6.5-7.0 percent, from 6.0-6.8 percent previously. The share rose 3.3 percent.
Residential property platform Hemnet is carrying out a reorganisation expected to generate annual cost savings of SEK 80–85 million compared with the cost level during the second quarter of 2026. The full effect is expected during the first half of 2027. The restructuring entails one-off costs of SEK 30–35 million during the fourth quarter. The share rose 3.2 percent.
Ventilation company Systemair plans to discontinue production at the group’s facility in Waalwijk, the Netherlands. The closure affects around 70 employees at the production facility. The restructuring will result in a one-off cost estimated at SEK 115 million, mainly comprising project costs, impairments and personnel costs. A subsequent sale of the property is expected to generate a capital gain of SEK 40 million. The share fell 0.6 percent.
Forestry industry company Stora Enso plans to close production of cross-laminated timber, CLT, at the Gruvön sawmill in Sweden at the end of 2026 and is initiating MBL negotiations with the unions. The negotiations cover 220 employees at the sawmill, including the Nordic CLT sales organisation. The plan could affect a maximum of 80 positions. A decision will only be made after the negotiations have been concluded. The share traded down 0.1 percent.
Pharmaceutical company Astra Zeneca is investing USD 2 billion in Summit Therapeutics while also expanding the companies’ collaboration in cancer treatments. The share rose 1.8 percent.
Drug development company Egetis Therapeutics has received approval from the US FDA for Emcitate, tiratricol, for the treatment of peripheral thyrotoxicosis in adults and children with the rare disease MCT8 deficiency. The share rose 18.3 percent.
Diagnostics company Immunovia is carrying out a rights issue of SEK 63 million before issue costs. The share fell 34 percent.
In the real estate sector, Public Property Invest, PPI, has launched a takeover bid for Spotlight-listed Preservium Property worth SEK 320 million. PPI is also acquiring two other unlisted real estate companies. The PPI share is down 0.7 percent while Preservium rose 10.9 percent.
Among today’s analyst recommendations, BNP Paribas lowered its rating on Evolution to neutral, from outperform. At the same time, Kepler Cheuvreux raised its price target to SEK 880 (830) while maintaining a buy recommendation. The share fell 0.1 percent.
Jefferies withdraws its buy recommendation for Billerud and downgrades it to hold. The share fell 2.4 percent.
Norion Bank rose 3.9 percent after SEB raised its rating to buy, from hold.
ABG Sundal Collier withdraws its sell recommendation for Fabege and raises it to hold. The share rose 1.4 percent.
Volvo rose 0.5 percent after a buy recommendation from Aktiespararna.
