Evolution report winner on the Stockholm Stock Exchange, OMXS30 index down 0.1 percent
At the close, the OMXS30 index was down 0.13 percent to 2,578.09. Shares worth around SEK 25.3 billion were traded on the Stockholm Stock Exchange.
The best performance among the stock exchange's major industrial sectors was durable goods with a rise of 3.9 percent. At the other end of the scale, financials were at the bottom, down 1.3%.
Among the leading stocks, which are included in the OMXS30 index, Evolution rose 14.9% while Electrolux was up 4.0%. SEB was the worst performer, down 5.5 percent, while SCA was down 2.8 percent.
In its report, live casino developer Evolution reported higher-than-expected sales in the third quarter of 2024. Adjusted ebitda earnings came in line with analysts' expectations. Adjusted ebitda was 355.6 (318.6), which is 0.5 percent higher than analysts' expectations at 354 million euros.
The bank SEB presented higher-than-expected revenues in the third quarter. Operating profit was higher than expected. However, net interest income was worse than expected and amounted to SEK 11,055 million, expected to be SEK 11,307 million.
The pattern drafting company Mycronic presented an interim report for the third quarter that was clearly better than expected. Organic sales growth was 45 percent compared to last year's 2. Operating profit was SEK 547 million, expected operating profit was 446. The share rose 10.1 percent.
The telecom operator Telia presented an interim report for the third quarter that was in line with expectations. The company raised its full-year ebitda outlook to mid-single digit growth, from previously low to mid-single digit growth. Furthermore, capex is now expected to be below SEK 14 billion, up from around SEK 14 billion. The share rose 1.7 percent.
Industrial company Alfa Laval presented an interim report where both sales and adjusted operating profit came in below expectations. However, order intake beat analysts' expectations. The company predicts sequentially lower demand in the fourth quarter. The share rose 0.8 percent.
The housing platform Hemnet's sales were lower than expected in the third quarter. Operating profit and ebitda were worse than expected. ARPL, average revenue per published property, increased 42.0 percent. The stock fell 8 percent.
The hygiene and health company Essity presented sales in line with expectations in the third quarter. Net profit increased. The figures refer to continuing operations. The share fell 0.8 percent.
The engineering company Trelleborg reported sales in line with expectations in the third quarter. Operating profit was worse than expected. Adjusted ebita amounted to SEK 1,464 million, expected to be 1,497. The share fell 3.4 percent.
On the analysis front, Swedencare rose 7.8 percent after Handelsbanken raised its recommendations to buy and outperform after the company released its quarterly report.
Husqvarna rose 2.2 percent after SHB raised its recommendation to buy from keep in the short term.
Furthermore, Nyfosa was raised to buy by Kepler Cheuvreux and rose 3.1 percent.
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