Thursday, April 23, 2015

Ericssonras on the stock exchange – Swedish newspaper Svenska Dagbladet

The stock market fell, like most of the major European stock exchanges.

When closing had OMXS index fell 0.9 percent to 554.2. Thursday’s big sinker was Ericsson, which plummeted 10 percent. The company’s operating profit did not live up to expectations, the profitability of the business unit Networks fell and CEO Hans Vestberg sees continued weak growth in North America in the short term.

Ericsson drew the rival Nokia in the case. Shares fell 2.6 percent.

Even Alfa Laval plummeted after the interim report. Shares fell 5.3 percent. The profit and sales rose sharply, but the company predicts a weaker demand in the future.

industrial groups Sandvik and Atlas Copco came with down and pulled 2.7 and 2.2 percent.

Volvo proceeded up After Wednesday’s rush that followed the news of the change of CEO and strong quarterly results. Shares rose 2.0 percent.

SEB shares lifted 0.9 per cent after a strong report. All major banks remained above zero.

The leading European stock markets turned down after disappointing data from Germany and France, where the purchasing managers index was weaker than expected.

FTSE index rose however 0.4 percent, Frankfurt Stock Exchange’s DAX index fell 1.2 per cent and the Paris Stock Exchange CAC index fell 0.6 percent.

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