Nordic Stocks: DSV, Lundbeck, Neste, Sandvik, SSAB, Vestas
The Stoxx Nordic 30 Index, the benchmark measure for the region, retreated 1.1 percent to 6,925.55 at 10:53 a.m. in Stockholm, bringing this week’s decline to 2.4 percent.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
DSV A/S (DSV DC) tumbled 4.4 percent to 107.5 kroner, extending yesterday’s 2.3 percent drop. The Nordic region’s biggest trucking company reported third-quarter net income of 319 million kroner ($59 million), missing the 356 million-krone average estimate in a Bloomberg survey of nine analysts.
H. Lundbeck A/S (LUN DC) fell 1.7 percent to 105.1 kroner as the drugmaker was cut to “neutral” from “buy” at UBS AG.
Neste Oil Oyj (NES1V FH) advanced 1.5 percent to 11.79 euros, its second straight gain. Finland’s only oil refiner reported third-quarter net income of 109 million euros ($151 million), more than the 41.2 million-euro average estimate of five analysts in a Bloomberg survey.
Sandvik AB (SAND SS) tumbled 4.9 percent to 100 kronor, the biggest fall since July. The world’s largest maker of metal- cutting tools reported third-quarter net income of 1.58 billion kronor ($233 million), missing the 1.72 billion-krona average estimate in a Bloomberg survey of analysts.
SSAB Svenskt Staal AB (SSABA SS) slipped 2.3 percent to 94.8 kronor, its fourth straight decline. Sweden’s largest steelmaker was cut to “sell” from “hold” at Deutsche Bank AG.
Vestas Wind Systems A/S (VWS DC) declined 1.4 percent to 168 kroner, extending this week’s drop to 17 percent. The world’s largest maker of wind turbines was cut to “neutral” from “buy” at UBS AG.
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