At midday, the Stockholm Stock Exchange was trading in negative territory. Significant movements were seen in several stocks following an intense morning of earnings reports. Volvo Cars stands out with a dramatic and historic plunge.

At 12:49 PM, the OMXS30 index was down 0.54 percent at 3,101.19. Shares worth approximately SEK 12.6 billion had been traded on the Stockholm exchange.

Among the exchange's major industrial sectors, consumer staples performed best, rising 0.42 percent. At the other end, consumer discretionary stocks were the worst performers, dropping 3.18 percent.

Among the leading stocks included in the OMXS30 index, Assa Abloy B rose 1.7 percent, while Addtech B was up 1.4 percent. The worst performer was Evolution, down 3.7 percent, with Handelsbanken A falling 3.0 percent.

Automaker Volvo Cars suffered a sharp drop, with its stock down 25.5 percent at midday. The operating profit was significantly lower than expected, coming in at SEK 1.9 billion. For 2026, Volvo Cars aims to return to annual volume growth and to increase cash flow generation.

Fiber communications company Hexatronic surged 9.1 percent. Adjusted EBITA was almost 11 percent higher than expected, reaching SEK 133 million.

AAK, a producer of plant-based specialty ingredients, proposed raising its dividend to SEK 5.50 per share. In addition, an extra dividend of SEK 3.85 per share was proposed. The stock climbed 2.8 percent.

Lock company Assa Abloy advanced 1.8 percent. The dividend was raised more than expected to SEK 6.40 per share. Other figures were in line with consensus. The company expects currency effects on revenue in the first quarter to be -11 percent compared to the same period last year, and that the impact on the operating margin is expected to be dilutive during the first quarter.

Defense company Saab raised its targets for 2023-2027. Organic sales growth (CAGR) is now expected to be around 22 percent. Furthermore, EBIT growth is expected to exceed organic sales growth, and cash flow conversion should be at least 60 percent. Saab fell 1.2 percent.

Live casino developer Evolution reported adjusted EBITDA of EUR 341.5 million, in line with consensus. The company announced it is postponing its dividend proposal. The stock dropped 3.7 percent.

Construction company NCC's report was in line with preliminary guidance. The ordinary dividend remained unchanged at SEK 9 per share. An extra dividend of SEK 2 per share was also declared again this year. NCC fell 11.5 percent.

Industrial supplier Mildef's adjusted EBITA was slightly higher than expected at SEK 150.8 million. However, order intake missed expectations. The dividend was raised to SEK 0.75 per share. Mildef soared 15.6 percent.

Technology company Dynavox surged 13.5 percent. The company proposed a dividend of SEK 0.50 per share. EBITDA increased by 15.1 percent to SEK 160 million.

In addition to the many reports, a series of recommendation changes were announced.

Lundin Mining fell 3.6 percent after Paradigm downgraded the stock to hold from buy.

Handelsbanken's A-share dropped 3 percent after SEB downgraded it to sell.

Loomis rose 1.9 percent after SEB upgraded it to buy.

SB1 Markets initiated coverage of Embracer with a neutral rating; the stock edged up 0.2 percent.