The Stockholm stock exchange opened lower on Thursday amid a flurry of earnings reports.
After 55 minutes of trading, the OMXS30 index was down 0.60 percent at 3,099.17. During the day, the index has fluctuated between a low of -0.61 percent and a high of 0.10 percent.
The broader OMXSPI was down 0.63 percent.
Stock
Price Change
Comment
Hexatronic
16.2%
Adjusted EBITA 10 percent better than expected
Peab
5.6%
SEB upgrades to buy from hold
AAK
2.9%
Raises dividend to 5.50 kronor (5) and proposes an additional special dividend of 3.85 kronor
Assa Abloy
2.7%
Revenue and earnings in line with expectations, increases dividend more than expected
Embracer
1.4%
SB1 Markets initiates coverage with neutral
Loomis
1.1%
SEB upgrades to buy from hold
Saab
-0.4%
Raises medium-term target for organic sales growth, Q4 result better than expected
Volvo Car AB is a Sweden-based automotive brand. Volvo Car Group is focused on the design, engineering, manufacturing, distribution and sale of passenger cars, with particular focus on sustainability, fully electric cars and direct consumer relations, including subscription and other new mobility services. Volvo Car Group’s addressable market is the global premium passenger car market. Moreover, the Company’s intention is to be a pure electric car company and as a result it is undergoing a shift in its business model to a direct sales model in most of its markets. Volvo Cars’ commitment to electrification also results in the launch of Polestar, a progressive stand-alone electric performance car brand, in which Volvo Cars owns shares. Volvo Cars also holds shares in the automotive brand LYNK&CO, which focuses on young open-minded urban people through a flexible customer offering.
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Investor
Investor
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Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
