The Stockholm Stock Exchange saw a modest rise at midday on Wednesday. The earnings season continues, with Latour and Sweco as today's most significant players, while Karnov stands out as the day's biggest loser. Two major shareholders have also sold shares in Noba Bank.
As of 12:50 p.m., the OMXS30 index was up 0.23 percent at 3,143.89. Shares worth approximately SEK 18.4 billion were traded on the Stockholm Stock Exchange.
Among the major industrial sectors on the exchange, raw materials performed best with a 0.9 percent increase. At the other end of the spectrum, technology lagged behind with a 1.8 percent drop.
Among the leading stocks included in the OMXS30 index, Astra Zeneca rose 1.8 percent, while Boliden was up 1.7 percent. Hexagon B had the weakest performance, falling by 1.9 percent, while Nibe B also dropped 1.9 percent.
Investment company Latour's net asset value stood at SEK 218 per share as of February 10. Its wholly owned industrial operations reported record results in the fourth quarter. The dividend is proposed to be increased by 11 percent to SEK 5.10 per share. The stock is up 0.1 percent.
Technical consultancy Sweco's EBITA result and revenue for the fourth quarter were in line with analysts' consensus. The dividend is proposed to be raised by 12 percent to SEK 3.70 per share.
The stock is down 2.3 percent.
Business information company Karnov's revenue and adjusted EBITA result in the fourth quarter came in slightly below analysts' expectations. The company has launched a share buyback program of SEK 500 million. The report was poorly received, and the stock fell by 16 percent.
Audiobook company Storytel's adjusted EBITDA result was in line with consensus, while revenue came in slightly higher than expected. The board proposes a dividend of SEK 1.50 per share, compared to SEK 1 in extra dividend last year. The stock is up 0.2 percent.
Online brokers Avanza and Nordnet saw share price declines following sharp drops among several US companies active in wealth management on Tuesday, after the technology platform Altruist launched a new AI tool for tax planning. Avanza fell 7.1 percent and Nordnet dropped 3.8 percent.
Specialist bank Noba Bank's major shareholders, private equity firm Nordic Capital and insurance company Sampo, sold 50 million shares at a price of SEK 100 per share, a 5.7 percent discount compared to the previous day's closing price. Noba's stock fell 1.7 percent.
Helmet safety company Mips' revenue and net profit came in lower than analysts' expectations. The dividend was also significantly cut. The stock dropped 1.3 percent.
Property services company Coor improved its adjusted EBITA result significantly in the fourth quarter. The dividend is proposed to be increased, and the board will propose a share buyback program at the 2026 annual general meeting. The stock rose 0.8 percent.
Biotechnology company Hansa Biopharma's revenue increased sharply, while its operating loss decreased in the fourth quarter. The stock climbed 8.7 percent.
Furthermore, affiliate company Catena Media surged by 77 percent after the company significantly improved both revenue and results in the fourth quarter.
Nordnet AB (publ) is a Sweden-based company that offers a digital platform for savings and investments. Nordnet's core business is savings and investments. Via nordnet's digital platform, savings and investments are offered in a number of financial products at low costs, as well as a number of selected loan products. The platform is aimed at private savers in Sweden, Norway, Denmark and Finland and is available via nordnet's Web services, app and a number of trading applications developed by partners of the Company. Nordnet also runs one of the Nordic region's social investment network, which enables Nordnet's customers to follow other investors and see their investments. The company has a total of more than half a million members on its various social channels and networks.
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