Carlsberg, Nokia, SAS, Swedish Match: Nordic Equity 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, declined 0.1 percent to 7,677.79, a third straight day of losses.
The Copenhagen 20 Index climbed 0.5 percent while Norway’s OBX Index was little changed. The Swedish and the Finnish markets were closed yesterday for a holiday.
Carlsberg A/S (CARLB DC): The biggest brewer in Russia was cut to “sell” from “neutral” at Goldman Sachs Group Inc. The shares rose 1.2 percent to 578.5 kroner.
Finnair Oyj (FIA1S FH): Finland’s biggest airline said December traffic fell 26 percent due to a strike by flight attendants. The passenger load factor last month was 71.2 percent, a 7.3 percentage point drop, the Vantaa, Finland-based carrier said in a statement. The shares rose 1 percent to 5.27 on Jan. 5.
Indutrade AB (INDT SS): The Swedish maker of hydraulics and other machine components bought all of the shares in technology sales companies Mijnsbergen B.V. and ATB Automation, with operations in the Netherlands and Belgium and annual sales of about 60 million kronor. The shares were unchanged at 232 kronor on Jan. 5.
Nokia Oyj (NOK1V FH): Nokia Siemens Networks Chief Executive Officer Rajeev Suri predicted that the number of network gear manufacturers will shrink in the future, the Finnish newspaper Helsingin Sanomat reported. Nokia shares rose 2.1 percent to 8.20 euros on Jan. 5.
SAS Group AB (SAS SS): The owner of Scandinavia’s largest airline was raised to “buy” from “hold” at Citigroup Inc. The shares fell 7.2 percent on its last day of trading on Jan. 5.
Swedish Match AB (SWMA SS): Citigroup raised its recommendation to “buy” from “hold.” Separately, Goldman Sachs increased its price estimate for Europe’s largest maker of smokeless tobacco products 23 percent to 222 kronor, according to Bloomberg data. The shares slipped 1.4 percent to 192.5 kronor on Jan. 5.
To contact the reporter on this story: Adam Ewing in Stockholm at firstname.lastname@example.org.
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