Stockholm Bullets – Volvo Cars Reverses After Earnings Report

The Stockholm stock exchange opened lower on Thursday amid a flurry of earnings reports.

After 55 minutes of trading, the OMXS30 index was down 0.60 percent at 3,099.17. During the day, the index has fluctuated between a low of -0.61 percent and a high of 0.10 percent.

The broader OMXSPI was down 0.63 percent.

StockPrice ChangeCommentHexatronic16.2%Adjusted EBITA 10 percent better than expectedPeab5.6%SEB upgrades to buy from holdAAK2.9%Raises dividend to 5.50 kronor (5) and proposes an additional special dividend of 3.85 kronorAssa Abloy2.7%Revenue and earnings in line with expectations, increases dividend more than expectedEmbracer1.4%SB1 Markets initiates coverage with neutralLoomis1.1%SEB upgrades to buy from holdSaab-0.4%Raises medium-term target for organic sales growth, Q4 result better than expectedSecuritas-1.1%Pareto downgrades to hold from buyEvolution-2.3%Adjusted EBITDA slightly below expectations, postpones dividend proposalHandelsbanken A-2.7%SEB downgrades to sell from holdLundin Mining-4.3%Paradigm downgrades to hold from buyStudsvik-4.3%Cancels dividendVolvo Cars-18.5%Operating profit significantly lower than expected