The Stockholm Stock Exchange dropped sharply on Monday morning. The backdrop is U.S. President Donald Trump’s threat to impose tariffs on eight European countries, including Sweden, due to their lack of support for his plans to acquire Greenland. European defense stocks, including Saab, are rising amid the heightened concerns.
After 30 minutes of trading, the OMXS30 index was down 1.62 percent at 2,989.76. During the day, the index has fluctuated between a low of -2.12 percent and a high of -1.44 percent.
The broader OMXSPI was down 1.71 percent.
Stock
Price Change
Comment
Saab
3.4%
European defense stocks are rising amid concerns over the Greenland situation
Immunovia
1.5%
Received regulatory approval for Pancreasure in California, enabling commercial sales in the state
Astra Zeneca
0.7%
Acquires Abelzeta Pharma’s 50% stake in development and commercialization rights in China for C-CAR031
Bravida
-0.4%
Bravida receives a buy recommendation from Dagens industri
SAAB AB is a world leader in the design, manufacturing and marketing of defense and security systems and equipment for military, space and civil sectors. Net sales break down by family of products and services as follows:
- electronic defense systems (33.3%): radars, sensors, submarine and terrestrial airborne surveillance systems;
- aeronautical systems (26.1%): military aircraft, combat aircraft, avionics, etc.;
- armament equipment and systems (22.5%): military equipment, missile systems, weapon systems, ammunition, armed forces identification systems, camouflage systems, etc. The group also provides security and defense solutions (combat systems, training, simulation, security and communication solutions, air and sea traffic management systems, etc.);
- naval systems (12.9%): submarines, combat ships, underwater mine detection systems, etc.;
- support services (4.2%): provision of services in the areas of systems development, integration and security, information security, communications, technical information, logistics, etc., and technological consulting in the fields of aviation, defense, telecommunications, etc.;
- other (1%).
Net sales are distributed geographically as follows: Sweden (41%), Europe (24.8%), North America (9.6%), Asia (8.4%), Latin America (7.1%), Australia (5.3%), Africa (0.3%) and other (3.5%).
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Investor
Investor
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Global
Global
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Quality
Quality
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ESG MSCI
ESG MSCI
The MSCI ESG score assesses a company’s environmental, social, and governance practices relative to its industry peers. Companies are rated from CCC (laggard) to AAA (leader). This rating helps investors incorporate sustainability risks and opportunities into their investment decisions.
