Nordic Stocks: AarhusKarlshamn, Schibsted, TeliaSonera, Vaisala
The Dow Jones Nordic 30 Index, a measure for the region, rose 30.20, or 0.4 percent, to 7,542.96 at the 5:30 p.m. close in Stockholm, trimming this week’s loss to 0.6 percent.
The following companies were among the most active in Nordic markets today. Stock symbols are in parentheses.
AarhusKarlshamn AB (AAK SS) rose 3.3 percent to 173.5 kronor, erasing yesterday’s loss. The Swedish maker of specialty fats used in making food reported fourth-quarter earnings per share of 4.98 kronor, beating analyst estimates of 3.73 kronor.
HKScan Oyj (HKSAV FH) fell for a third day, losing 4.5 percent to 7.16 euros. The Finnish food company reported fourth- quarter net income of 8 million euros ($11 million) compared with net income of 13.2 million euros in the same period a year ago.
Schibsted ASA (SCH NO) fell for a second day, losing 3.5 percent to 174.7 kroner. Norway’s biggest media company reported fourth-quarter earnings that missed analyst estimates and proposed a lower-than-expected dividend.
Sparekassen Himmerland A/S (SPHIM DC) rose for a fourth day this week, adding 2.5 percent to 248 kroner. The Danish regional lender, which earlier this month agreed to acquire rival Sparekassen Midtfjord A/S, said it expects writedowns on bad loans to decline this year while its banking business will have “modest growth.”
TeliaSonera AB (TLSN SS) rose 1.7 percent to 53.95 kronor, erasing most of yesterday’s loss. The Swedish phone company made an offer to shareholders to buy back shares for 62 kronor apiece. Shareholders may sell one share to the company for every 28 held.
Vaisala Oyj (VAIAS FH) rose the most since May 2009, jumping 7.1 percent to 23.77 euros. The world’s biggest maker of electronic humidity measurement devices said it expects profitability and revenue to improve this year.
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