The day’s trading on the Stockholm Stock Exchange saw a decline of 0.35% in the OMXS30 index, closing at 2,629.11. While this performance was weaker compared to leading European exchanges, one standout was Handelsbanken, which emerged as the winner in terms of reports.
With approximately 22.4 billion kronor in stocks traded, the real estate sector saw the best performance with a 2.0% increase, while the grocery sector lagged behind with a 1.7% decline.
Among the leading stocks in the OMXS30 index, Kinnevik saw a 2.8% increase, and Telia rose by 2.3%. Conversely, Alfa Laval experienced the worst performance with a 2.9% decrease, and Hexagon fell by 2.2%.
In the flurry of reports, Handelsbanken’s fourth-quarter report for 2024 surpassed expectations across the board, from revenues and net interest income to operating profit and credit losses. The dividend was also higher than anticipated, resulting in a 1.6% increase in the stock price.
Industrial company Alfa Laval presented lower-than-expected revenues for the fourth quarter, with operating profit also below expectations, although the order intake exceeded forecasts. The board is proposing an increased regular dividend.
Lock company Assa Abloy’s revenue was in line with expectations for the fourth quarter of 2024, with operating profit exceeding forecasts. The board is recommending an increased regular dividend, despite a 1.2% decline in the share price.
Embracer announced on the X platform that the game Kingdom Come: Deliverance II had sold one million copies, leading to a 4.5% increase in the stock price.
Cash handling company Loomis reported better-than-expected quarterly results for the fourth quarter, prompting the board to raise the dividend more than anticipated, resulting in a 12.5% increase in the stock price.
Forestry and gardening product company Husqvarna reported slightly better-than-expected revenues in the fourth quarter, with the adjusted operating loss less than expected. The board is proposing a reduced regular dividend, causing a 7.3% drop in the stock price.
Car dealer company Bilia’s revenue was lower than expected in the fourth quarter, with operating profit decreasing. Despite the board’s proposal for a reduced regular dividend, the stock price rose by 13.9%.
Climate control company Munters reported higher-than-expected revenues in the fourth quarter, although operating profit decreased. The board is proposing an increased regular dividend, leading to a 10.2% decline in the stock price.
AAK, a producer of plant-based specialty ingredients, presented higher-than-expected revenues for the fourth quarter, with operating profit in line with expectations. The board is recommending an increased regular dividend, resulting in a 7.2% drop in the stock price.
Real estate company Eastnine reported increased management results in the fourth quarter of 2024 compared to the same quarter the previous year. The board is proposing an increased regular dividend, leading to a 1.4% increase in the stock price.
Life science company Addlife saw an increase in revenue and profit in the fourth quarter, prompting the board to propose a dividend increase and resulting in a 15.5% increase in the stock price.
Pharmaceutical company Sobi reported revenue in line with expectations for the fourth quarter, with operating profit increasing. As expected, the board is not proposing a dividend, causing a 0.2% decline in the stock price.
Software company Vitec Software rose by 3.6% after reporting higher-than-expected revenues in the fourth quarter, with operating profit in line with expectations. The board is recommending an increased regular dividend for the 23rd consecutive year.
Real estate company Heba reported slightly lower management results in the fourth quarter of 2024 compared to the same quarter the previous year. The board is proposing an unchanged regular dividend, resulting in a 2.7% increase in the stock price.
In terms of analysis, Handelsbanken downgraded Tobii to sell from hold, causing a sharp 11.5% decline in Tobii’s stock price.
Danske Bank lowered Paradox to hold from buy with a target price of 240 kronor, leading to a marginal 0.2% increase in Paradox’s stock price.
Kepler Cheuvreux upgraded Bonava to buy from hold and raised the target price to 15 kronor from 10. This upgrade resulted in a 0.8% increase in Bonava’s stock price.