The Stockholm Stock Exchange opened on an upbeat note, but by midday Wednesday, it appears set to break its five-day winning streak. The earnings season has gained momentum in Sweden, and among the highlights, Volvo is rallying after its report, while Tele2 is sliding on its numbers.

As of 1 p.m., the OMXS30 index is down 0.23 percent to 3,036.83. Shares worth approximately 9.9 billion kronor have been traded on the Stockholm Stock Exchange.

Among the major industrial sectors on the exchange, energy is performing best with a gain of 1.2 percent. At the other end of the spectrum, telecommunications is at the bottom with a decline of 1.6 percent.

Among the leading shares included in the OMXS30 index, Volvo B is up 1.9 percent while H&M B has risen 1.3 percent. The worst performer is Tele2 B, down 3.6 percent, while Astra Zeneca has dropped 2.3 percent.

The earnings season has kicked off, and today’s batch features several large companies. Truck and bus manufacturer Volvo reported an adjusted operating profit that exceeded expectations at 2,769 million kronor. The margin was negatively impacted by lower volumes and tariff costs in the United States. A regular dividend of 8.50 kronor per share is proposed. Additionally, an extra dividend of 4.50 kronor is proposed, bringing the total dividend to 13.00 kronor per share, compared to the expected 14.88. The stock is up 1.8 percent.

Telecommunications company Tele2 is down after its report. The company’s adjusted EBITDA increased and was in line with expectations. A regular dividend of 10.50 kronor per share is proposed (6.35).

Online broker Nordnet reported stronger operating profit and total revenue than expected for the fourth quarter. The dividend is raised to 8.60 kronor, compared to the expected 8.36. The stock is up 5.2 percent.

Leisure products company Dometic’s adjusted EBITA came in at 245 million kronor, which was below the expected 316. The board proposes reducing the dividend to 1.00 kronor per share from 1.30. The stock is plunging 17.5 percent.

Steel company SSAB’s operating profit landed at 756 million kronor, well above the expected 589. The company anticipates improved deliveries in the first quarter compared to the fourth quarter of 2025. The stock is down 1.4 percent.

Service company Elanders is down 5.7 percent. The adjusted EBITA was 267 million kronor. The dividend is nearly halved to 2.10 kronor per share from 4.15.

Outdoor environment company Green Landscaping’s EBITA was slightly below expectations, while revenue was in line with forecasts. The stock is down 3.1 percent.

On the analysis front, Pareto Securities and ABG have downgraded their recommendations for Atlas Copco to hold, and the stock is down 0.2 percent.

For medical technology company Getinge, Pareto has upgraded its recommendation to buy. The stock is down 0.7 percent.

Alleima is down 3.8 percent. Danske Bank has downgraded to sell, and DNB Carnegie has downgraded to hold.

Pareto has downgraded Essity to hold, and the stock is down 0.5 percent.

Handelsbanken and Nordea have upgraded HMS Networks to buy, and the stock is up 1.2 percent.