Stockholm Bullets - Christmas week starts on the downside
December 23, 2024 at 03:21 am EST
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The Stockholm Stock Exchange starts the Christmas week with a decline. The focus is on the fact that Evolution is under review in the UK and that Saab has won a contract with FMV worth SEK 800 million.
After about 20 minutes of trading, the OMXS30 index was down 0.34 percent to 2,466.18. During the day, the index has moved within the range -0.70 percent at its lowest and -0.12 percent at its highest. The broad OMXSPI was down 0.42 percent.
Share price
Price change
Commentary
SBB
10,1%
Dissolves JV partnerships with SEK 2.2 billion in property value, S&P raises credit rating after exchange offer
Dynavox
5,1%
EFN Finansmagasinet puts buy stamp
Saab
4,9%
Receives contract from the Swedish Defense Materiel Administration worth SEK 800 million
Swedbank
0,7%
The Swedish Pensions Agency sues Swedbank for a total of SEK 2.8 billion for its actions in the Falcon Funds scandal
Astra Zeneca
0,6%
Tagrisso receives EU approval for treatment of certain types of lung cancer
Skanska
0,0%
Will renovate libraries in the US for around SEK 1.1 billion
New Wave
-2,5%
CEO Torsten Jansson has sold shares for SEK 8.55 million
Evolution
-8,0%
The UK Gambling Commission, UKGC, has launched an investigation into the holding company in Malta for identifying gambling in the UK by operators without a UKGC license
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 (34.7%): radars, sensors, submarine and terrestrial airborne surveillance systems;
- aeronautical systems (26.5%): military aircraft, combat aircraft, avionics, etc.;
- armament equipment and systems (23.9%): 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 (9.3%): submarines, combat ships, underwater mine detection systems, etc.;
- support services (5.1%): 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 (0.5%).
Net sales are distributed geographically as follows: Sweden (41.9%), Europe (23.1%), North America (10.9%), Asia (9.2%), Latin America (7.1%), Australia (6.6%), Africa (0.2%) and other (1%).