Nordic Stocks: Axfood, Oriflame, Royal Caribbean, Vestas Move
The Stoxx Nordic 30 Index, the benchmark measure for the region, fell 1.3 percent to 7,037.49 at the 5:30 p.m. close in Stockholm, erasing yesterday’s 0.4 percent rise.
The following companies’ shares were among the most active in Nordic markets today. Symbols are in parentheses.
Axfood AB (AXFO SS) rose 3.1 percent to 230 kronor, the highest price since March 10. Sweden’s third-largest supermarket company said third-quarter net income rose to 262 million kronor ($39 million) from 240 million kronor a year earlier. Analysts had estimated net income of 241 million kronor, according to a survey compiled by Bloomberg.
Oriflame Cosmetics AB (ORI SS) tumbled 10 percent to 390 kronor, sliding the most since April 21. The Swedish maker of cosmetics said third-quarter net income fell to 7.1 million euros ($9.9 million) from 13.4 million euros a year earlier. Analysts had estimated net income of 5.1 million euros, according to a survey compiled by Bloomberg. The company also cut its sales and operating margin forecasts for this year.
Royal Caribbean Cruises Ltd. (RCL NO) jumped 13 percent to 234.2 kroner, the biggest gain since last year. The world’s second-largest cruise operator reported a third-quarter profit of $1.64 a share. The average estimate of analysts surveyed by Bloomberg was for a profit of $1.56 a share.
Vestas Wind Systems A/S (VWS DC) slumped 10 percent to 179.3 kroner, almost a four-year low. The world’s largest maker of wind turbines reported a decline in third-quarter profit and said it will cut 3,000 jobs because of reduced demand.
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