Assa Abloy, Q-Med, Subsea 7 May Move: 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 Dow Jones Nordic 30 Index, a measure for the region, rose 15.49, or 0.2 percent, to 7,634.02 in Stockholm on Feb 4.
Assa Abloy AB (ASSAB SS): The world’s largest maker of locks said fourth-quarter profit jumped fivefold as construction projects in Asia and South America spurred demand. Net income rose to 1.06 billion kronor ($165 million) from 192 million kronor a year earlier, the Stockholm-based company said today in a statement. The shares rose 2.7 percent to 178.1 kronor.
Q-Med AB (QMED SS): The board of the Swedish maker of the Restylane wrinkle filler said it has “no ongoing” discussions with potential bidders for the company other than with Galderma Holding AB. The board also said there is no interest from other potential buyers. The share was unchanged at 76.25 kronor.
Subsea 7 Inc. (SUB NO): The U.K. oil-services company that operates in the North Sea, Africa and Brazil said it won a so- called SURF contract worth $75 million from ConocoPhillips Skandinavia AS, acting as Technical Service Provider on behalf of the operator Gassco, in the German Sector of the North Sea. The stock fell 0.7 percent to 142.1 kroner in Oslo.
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