The Stockholm Stock Exchange is trading higher at lunchtime on Tuesday. Developments on the leading European stock exchanges mirror those in Stockholm. The main focus for the day is on industrial giant SKF presenting new financial targets.

At 12:48 p.m., the OMXS30 index was up 0.41 percent to 2,771.26. Shares worth approximately SEK 8.4 billion were traded on the Stockholm Stock Exchange.

The best performance among the stock market's major industrial sectors was consumer goods, with an increase of 0.8 percent. At the other end of the scale, commodities were at the bottom with a decline of 1.1 percent.

Among the leading stocks included in the OMXS30 index, Astra Zeneca rose 1.6 percent, while EQT was up 1.5 percent. SKF B performed the worst, down 8.2 percent, while Saab B was down 0.8 percent.

SKF today presented new financial targets that include organic growth of 4 percent and an adjusted operating margin of > 17 percent in the medium term and > 19 percent in the long term. Separate targets are given for the automotive business, which is to be spun off. The company also announced restructuring costs of approximately SEK 5 billion and additional one-off items of SEK 1.5 billion related to the spin-off. Pareto writes in a comment that, overall, it is somewhat disappointed that it will take until 2028 before we begin to see a more streamlined SKF that is out of the woods. The share is down 8.2 percent.

Game development company Starbreeze reduced its EBITDA by approximately 10 percent in the third quarter to SEK 19.3 million. The share is up 0.5 percent.

Fasadgruppen also presented its quarterly report, which shows that both sales and operating profit increased. Adjusted EBITA increased significantly, landing at SEK 136.4 million. The share price fell 3.8 percent.

The board of automotive safety company Autoliv has decided to increase the quarterly dividend by 2.4 percent to $0.87 per share, compared with the previous $0.85 per share. The share rose 0.8 percent.

Technology company Intellego collapsed on the stock market after the report and was accused by several stock market profiles of aggressive accounting. The share price is now down 43.3 percent.

Industrial company Engcon has secured what is described as a strategically important order in France, with an order value of SEK 10-13 million. The deal is a strategic milestone in the French rental market, which is key to reaching more contractors and thus strengthening the company's presence. The share is up 1.2 percent.

A group of major shareholders in Intea has sold approximately 32.7 million B shares in the company at a price of SEK 64.50, a discount of approximately 2.6 percent compared to Monday's closing price. The share price is down 2 percent.

Software company Lime Technologies announces that Tommas Davoust has been appointed as the new CEO and will take up his position on January 1. He replaces Nils Olsson, who is leaving after twenty years with the company, five of which as CEO. The share is down 1.3 percent.

On the analysis front, Berenberg has raised Beijer Ref to a buy from hold with a target price of SEK 180. The share is up 1.9 percent.