In a remarkable turn of events, Sivers Semiconductors has successfully completed a targeted new share issue, while Sweco has secured a major framework agreement. The OMXS30 index closed up by 0.58 percent at 2,585.86, with stocks totaling approximately 16.7 billion kronor traded on the Stockholm Stock Exchange.
The technology sector saw the most significant growth among the exchange’s major industrial sectors, rising by 1.5 percent. Conversely, energy was at the bottom with a decline of 1.1 percent. Among the leading stocks in the OMXS30 index, Tele2 saw a 2.8 percent increase, while Nibe rose by 2.6 percent. SKF experienced the worst performance with a 1.1 percent decrease, while SBB B was down by 0.9 percent.
Sivers Semiconductors, a technology company, carried out a targeted new share issue amounting to 108 million kronor. The subscription price of 3.40 kronor per share represents a discount of nearly 14 percent compared to the previous day’s closing price. The stock declined by 12.9 percent following the issuance.
On the other hand, technology consultant Sweco saw a 2.4 percent increase in its stock price following the announcement of a new significant framework agreement with Norway’s state-owned Statkraft. The three-year agreement includes consulting services in various areas such as construction, water power, and electricity. The financial details of the agreement remain confidential.
Furthermore, the board of diagnostics company Devyser and CEO Fredrik Alpsten have reached an agreement for him to step down from his position. Fredrik Dahl, PhD in molecular medicine and currently a board member, has been appointed as the acting CEO. In light of the CEO’s departure, preliminary figures for Q4 have been released to avoid speculation. Revenue increased to 64.2 million kronor from 45.4 million in the fourth quarter, with an organic growth of 41.5 percent. The operating profit in Q4 amounted to 0.7 million kronor compared to -18.5 million in the same period last year, leading to a 9 percent rise in the stock price.
Saab, a defense company, is experiencing significant demand for its passive electronic warfare sensor, Sirius Compact. As a result, the sensor will enter larger-scale production, and a new production facility will be opened in Tampere, Finland in 2025. This development led to a 1.3 percent increase in the company’s stock price.
Polestar, an electric car manufacturer in which Volvo Cars is a shareholder, reported lower-than-expected revenue in the third quarter. Revenue decreased by 9.5 percent to 550.7 million dollars. Adjusted EBITDA was -180.5 million dollars, with deliveries totaling 12,548 units, an 8 percent decline. Consequently, Volvo Cars’ stock price dropped by 6.8 percent.
Skanska, a construction company, signed a contract with Statkraft for the construction of the new Svean power plant in Klæbu municipality, Norway. The contract is worth 507 million Norwegian kronor, equivalent to 500 million Swedish kronor, and will be included in the first quarter’s order intake in 2025, resulting in a 0.4 percent increase in the stock price.
Biogaia, a biotechnology company, concluded an agreement with its current partner in France according to the terms of the contract. This aligns with the company’s long-term strategy to market and sell its products through its subsidiaries in priority markets, leading to a 1.9 percent increase in the stock price.
Lime Technologies, a software company specializing in CRM systems, reported a data breach in its subsidiary Sportadmin by an external attacker. As a precautionary measure, Lime shut down all Sportadmin services. The extent and type of information accessed by the attacker remain unknown, resulting in a 0.7 percent drop in the company’s stock price.
Stenhus Fastigheter, a real estate company, updated its operational and financial goals, aiming for a 12 percent annual increase in property management results over an economic cycle. The target for return on equity is also set at 12 percent, leading to a 1.1 percent decrease in the stock price.
In terms of analysis, SEB initiated coverage of Apotea with a buy rating and a target price of 83 kronor, causing the stock to fall by 0.9 percent.
Carnegie began coverage of AQ Group with a buy rating and a target price of 158 kronor, resulting in an 11.6 percent increase in the stock price.
Pareto initiated coverage of Prisma Properties with a hold rating and a target price of 26 kronor, leading to a 0.8 percent decline in the stock price.
SEB upgraded Sagax from hold to buy with a target price of 270 kronor, resulting in a 1.3 percent increase in the stock price.
SEB and Nordea both raised Balder from hold to buy with target prices of 83 kronor and 85 kronor, respectively. This led to a 3.1 percent increase in the stock price.
Conversely, Goldman Sachs downgraded Nokia from neutral to sell with a target price of 3.50 euros, causing a 3.2 percent decrease in the stock price.
Lastly, Affärsvärlden issued a buy recommendation on Eastnine, resulting in a 2.7 percent increase in the stock price.