Stockholm: Nordea and Electrolux report winner, OMXS30 + 0.6% – Dagens Industri

Stockholm: Nordea and Electrolux report winner, OMXS30 + 0.6% – Dagens Industri

 (SIX) Stockholm Stock Exchange has pulled up this morning with a focus
  on the reporting large companies, Electrolux, H & amp; M and Nordea. Later in the
  Today is expected to further exciting reports from Scania and SKF.
  
     SIX General Index was at 10:07 up 0.6 percent to 480 while
  OMXS30 index increased 0.8 percent to 1,545. Turnover was 4.1
  billion on the Stockholm Stock Exchange and 5.5 billion including the
  alternative trading venues Bats, Burgundy, Chi-X and Turquoise.
  
     Nordea was this morning the first of the major Swedish banks with
  reporting for the fourth quarter. Operating profit was about as
  expected in the market, while the dividend of 0.62 euros exceeded
  consensus as low at 0.57 euros per share. Other positive elements were
  higher net commission income than expected and lower loan losses than expected.
  Net interest income was also weak   er than market expectation.
  
     Nordea shares rose 5.3 percent. The sector climbed by 2.0 SEB
  percent and Handelsbanken rose 1.6 percent.
  
     Electrolux presented higher numbers on a broad front over
  analysts’ expectations. Adjusted operating income was
  almost 3 percent better than expected. Other positive factors
  supports shares today was the company raised its market forecast for
  Europe in 2015 to an increase of 1-2 percent, from previous
  estimated 0-1 percent. In addition, the Company has revised the assessment of
  positive commodity effects during 2015th
  
     The company’s CEO Keith McLoughlin commented that “the Group
  is well positioned for continued growth during 2015 “.
  
     Electrolux shares rose about 9 percent.
  
     Clothing giant H & amp; M showed better than expected results for the brok   en
  the fiscal fourth quarter and the company’s forecast for sales
  In January 2015, an increase of 14 percent in local currencies compared to the
  corresponding month of the previous year.
  
     However, assessed the company that the market for the external factors,
  such as commodity prices, cost inflation, the capacity of suppliers,
  purchase currencies and transportation costs, was slightly negative for
  the purchase period to the fourth quarter. This is mainly due to the
  increased cost inflation, compared to the same period purchases
  previous year. The share dropped by 2.2 percent.
  
     Investor reported a higher net asset value and an increased dividend
  compared with the previous year.
  
    Börje Ekholm, who in May replaced by Johan Forssell, also announced
  that the two largest unlisted subsidiaries Mölnlycke Health Care and
  Permo   bil developed “well” in the past fourth quarter. Aleris sees
  However, “operational challenges”.
  
     Shares were up 0.5 percent.
  
     Probi reported a profit before tax of 7.0 million for
  the fourth quarter of 2014 compared with 3.5 million in
  previous year. Furthermore, estimates CEO Peter Nählstedt that there are good
  conditions for continued good growth in 2015 with new
  product launch and new recruits. Shares were up 6.4 percent.
  
     Qliro fell 6.4 percent after the faintly reported quarterly results
  before tax of SEK -10 million compared to SEK 20 million
  corresponding quarter of the previous year.
  
     HiQ also reported a profit before tax that was under
  expectation where the operating margin ended at 12.4 percent, compared with
  waited 13.3 percent. Shares were up 0.2 percent.
  
     Fur   thermore, the expected reports released from Scania, Getinge and SKF later
  in the afternoon.
  
  
  Indices later today% year%
  
  SIX General Index 480 +0.6 +5.2
  OMX Stockholm 30 1545 +0.8 +5.5
  SIX Return Index 869 +0.6 +5.2
  SIX Sweden cyclic 15415 +1.1 +4.0
  SIX Sweden defensive 15472 +0.1 +4.9
  SIX Volatility Index 14.2 -6.4 -9.3
  
  Gabriel Cardona Cervantes
  mailto: gabriel.cardonacervantes@six-group.se
  www.blogg.six.seSIXNews
  SIX News