Alfa Laval, Ericsson, Husqvarna, Volvo: Nordic Stock Preview

The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.

The Stoxx Nordic 30 Index, the benchmark measure for the region, rose 2.1 percent to 7,104.07 in Stockholm, its second increase.

The OMX Stockholm 30 Index rose 1.6 percent, while the OMX Helsinki 25 Index increased 2.6 percent. The Copenhagen 20 Index gained 1.2 percent and Norway’s OBX Index advanced 1.1 percent.

Aker Solutions ASA (AKSO NO): Norway’s biggest maker of oil platforms and equipment reported a third-quarter net income of 315 million kroner ($54 million). Analysts surveyed by Bloomberg had forecast a profit of 369.7 million kroner, according to 13 estimates. The shares rose 1.4 percent to 85.9 kroner.

Alfa Laval AB (ALFA SS): The world’s biggest maker of heat exchangers said third-quarter net income rose to 748 million kronor ($113 million) from 698 million a year earlier. Analysts had estimated a profit of 684 million kronor, according to a Bloomberg survey. The shares jumped 4 percent to 125.5 kronor.

Elisa Oyj (ELI1V FH): The Finnish telephone company reported third-quarter net income of 50.7 million euros ($70.8 million), meeting the 50.9 million-euro mean estimate of 12 analysts surveyed by Bloomberg. It will pay an extraordinary dividend of 0.50 per share based on last year’s earnings, the company said. The shares rose 1.8 percent to 17.38 euros.

Ericsson AB (ERICB SS): The world’s biggest maker of mobile-phone networks said third-quarter net income rose to 3.68 billion kronor from 810 million kronor a year earlier. Analysts had estimated net income of 3.52 billion kronor, according to a survey compiled by Bloomberg. The shares slipped 0.1 percent to 71.90 kronor.

Husqvarna AB (HUSQB SS): The world’s biggest maker of lawnmowers said third-quarter net income rose to 402 million kronor from 132 million kronor a year earlier. Analysts had estimated net income of 272 million kronor, according to a survey compiled by Bloomberg. The shares fell 0.3 percent to 49.43 kronor.

Rautaruukki Oyj (RTRKS FH): The Finnish steel maker reported a third-quarter net loss of 36 million euros. Nine analysts surveyed by Bloomberg estimated net income of 20.2 million euros. The shares rose 2.2 percent to 15.77 euros.

Renewable Energy Corp. ASA (REC NO): The Norwegian maker of solar-energy components was cut to “underweight” from “equalweight” at Morgan Stanley. The shares fell 0.1 percent to 22.3 kroner.

Vestas Wind Systems A/S (VWS DC): Germany’s Siemens AG expects Europe to add 70,000 megawatt in production capacity from offshore wind farms within the next 10 to 15 years, Financial Times Deutschland reported today, citing an interview with Rene Umlauft, head of the company’s renewable energy unit. The world’s largest maker of wind turbines increased 1.8 percent to 201.6 kroner.

Volvo AB (VOLVB SS): The world’s second-largest truckmaker said third-quarter net income was 2.81 billion kronor ($423 million), compared with a loss of 2.92 billion kronor a year earlier, the Gothenburg, Sweden-based company said today in a statement. Profit was projected at 2.47 billion kronor, according to the average estimate of 13 analysts surveyed by Bloomberg. The shares rose 2.9 percent to 95.75 kronor.

To contact the reporter on this story: Adam Ewing in Stockholm at aewing5@bloomberg.net.

To contact the editor responsible for this story: David Merritt at dmerritt1@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.