Nordic Stocks: Billerud, Neste Oil, Seadrill, Trelleborg, Yara

The Stoxx Nordic 30 Index, the benchmark measure for the region, declined for the first day in three, falling 0.5 percent to 7,561.65 at 1:00 p.m. in Stockholm.

The OMX Stockholm 30 Index dropped 0.9 percent and the OMX Helsinki 25 Index slipped 0.7 percent. Norway’s OBX Index fell 0.4 percent and the Copenhagen 20 Index dropped 0.2 percent.

The following companies were among the most active in Nordic markets today. Stock symbols are in parentheses.

Billerud AB (BILL SS) gained for a fifth straight day, adding 2.4 percent to 65 kronor. The Swedish paper and packaging company aims to raise prices for packaging paper by five to 10 percent in the first half of 2011, Chief Executive Officer Per Lindberg said in a phone interview today.

Electromagnetic GeoServices ASA (EMGS NO) fell 8.5 percent to 11.9 kroner, the most since Nov. 2010. Warburg Pincus Partners LLC and Warburg Pincus & Co, on behalf of various funds managed by Warburg Pincus, sold 20 million shares at 12 kroner a piece. Warburg Pincus funds, which reduced its holding to 27.2 percent of the outstanding shares in EMGS, have undertaken a 180 days lock-up for all their remaining shares in the company.

Neste Oil Oyj ({NES1V FH) decreased 2.1 percent to 12.77 euros, erasing yesterday’s 0.2 gain. Finland’s only oil refiner said one of the Porvoo NExBTL renewable diesel production lines was halted for output optimization purposes.

Seadrill Ltd. (SDRL NO) fell for the first day in five, dropping 1.5 percent to 211.6 kroner. The owner of the world’s second-largest fleet of deepwater rigs said it expects gross proceeds of $1.7 billion in a private placement of shares in its newly created North Atlantic Drilling Ltd.

Trelleborg AB (TRELB SS) plummeted 10 percent to 63.2 kronor, the most since May 2009, as the world’s biggest maker of vibration-dampening gear reported quarterly earnings that missed analysts’ estimates.

Yara International ASA (YAR NO) fell the most in a week, dropping 2.6 percent to 325.4 kroner. The world’s largest publicly traded nitrogen-fertilizer maker said it plans to operate its plants at maximum output following gains in prices. The company’s net income rose to 1.56 billion kroner ($270 million) in the fourth quarter from 1.42 billion kroner a year earlier, the company said. That missed the 1.74 billion-krone average estimate of 12 analysts surveyed by Bloomberg.

To contact the reporter on this story: Meera Bhatia in Oslo at mbhatia2@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net

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