As listed companies close the books on the first quarter this week, the risk of profit warnings is mounting. Dagens industri has reviewed which firms are currently in the danger zone.
The conflict involving the US, Israel, and Iran has driven up energy and commodity prices, fueling heightened market uncertainty. In Sweden, profit warnings have already been issued by mining giant Boliden, cybersecurity firm Yubico, outdoor products group Dometic, and contract manufacturer Note. However, the reasons cited have been largely company-specific rather than tied to broader market volatility.
The forestry and automotive sectors are identified as particularly vulnerable, with companies such as Billerud, SCA, and Autoliv in the crosshairs. Essity is also highlighted as a concern.
"The krona's depreciation against the dollar and the euro provides a tailwind for companies like AB Volvo, Sandvik, and Atlas Copco when international subsidiary earnings are translated back into SEK. For Autoliv, however, the effect is the opposite," the newspaper reports.
Among Nordic peers, the publication notes profit warnings from medtech firm Chemometec and Norwegian packaging company Elopak.
Autoliv, Inc. is a developer, manufacturer, and supplier of safety systems to the automotive industry with a range of product offerings, primarily passive safety systems. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies and battery cut-off switches. The Company also develops and manufactures mobility safety solutions, such as pedestrian protection, battery cut-off switches, connected safety services and safety solutions for riders of powered two wheelers. The Company has one operating segment, which includes Autoliv’s airbag and seatbelt products and components. Its subsidiaries include Autoliv AB and Autoliv ASP, Inc. The Company operates its business in geographical regions, such as Europe, the Americas, China, Japan, and the Rest of Asia (ROA). The Company has approximately 62 production facilities in 25 countries.
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