# Market Recap: OMXS30 and European Market Update
## OMXS30 Performance
At around 10 am, the OMXS30 had risen by 0.4 percent to 2,587, with shares worth over 3.6 billion SEK traded on the Stockholm Stock Exchange overall. In Europe, the German DAX index was down 0.1 percent, while the French CAC40 fell by 0.4 percent.
### Early Winners in the Swedish Market
– SCA saw a 6.5 percent increase, surpassing expectations with an ebitda result of 2.0 billion SEK and a margin of 38.3 percent due to higher prices and delivery volumes.
– Hexagon rose by 5.8 percent, despite missing the consensus value from Infront, as the company evaluates a potential separation of its Asset Lifecycle Intelligence business.
### Early Losers in the Market
– Electrolux disappointed with a justed operating result of around 0.7 billion SEK, leading to a 15 percent drop in share price.
– Saab and Boliden also saw declines of 1.9 and 1.8 percent, respectively.
### Positive Earnings Surprises
– NCC exceeded expectations for both results and order intake, with the latter 10 percent above consensus, resulting in a 3.9 percent stock increase.
– Peab was well-received by the market after reporting a stronger operating result and margin, leading to a 4.9 percent rise in share price.
– Cloetta saw a 6.4 percent increase with nearly 6 percent organic growth in the third quarter, driven by a strong performance in loose candy sales.
### Negative Earnings Reports
– Afry dropped by 8.5 percent after missing expectations in the third quarter, with adjusted ebita 10 percent below Infront’s consensus.
– Hexatronic also reported lower ebita results and margin compared to the previous year, with a projected decrease in sales for the fourth quarter, resulting in an 11 percent stock decline.
### Other Market News
– Hoist Finance’s report exceeded expectations across key metrics, leading to an 18 percent surge in stock price.
– Better Collective revised down its full-year 2024 expectations after reviewing preliminary third-quarter figures, causing a 36 percent stock plunge.
– SEB Equities downgraded Mips to hold from buy, resulting in a 6 percent drop in share price.
– Handelsbanken Capital Markets upgraded Addtech’s long-term recommendation to outperform from market perform.
## Market Analysis
This market update provides a snapshot of the current performance of key companies in the Swedish market and Europe. It highlights earnings surprises, market reactions, and analyst recommendations, giving investors valuable insights into stock movements and potential investment opportunities. By staying informed about market developments, investors can make more informed decisions to optimize their portfolios and financial future.