The stock traded in negative territory right from the start, but prices recovered slightly towards the close. In the news feed, new financial targets from several companies were noticed, as well as another write-down from Nozzle.
At the close, the OMXS30 index was down 0.52% at 2,741.08. Shares worth approximately SEK 18.1 billion were traded on the Stockholm Stock Exchange.
Energy had the best development among the stock exchange’s major industrial sectors, with a rise of 1.40%. In the second scale, durable goods were at the bottom with minus 1.94%.
Among the leading stocks, which are included in the OMXS30 index, rose Astra Zeneca 1.2% while Swedbank A was up 0.8%. Worst development had The car with minus 2.9% while H&M B was down 2.5%.
Nozzle rushed 13.8% despite the company announcing a billion write-down in Discover Echo and Bioserum. The biotech company’s definitive figures for Q3 showed a higher adjusted ebitda of SEK 17.4 million.
The technical consultant Driving off had a capital market day and announced new financial targets for 2028. The targets include reaching revenues of SEK 35 billion and an adjusted ebita margin of 10%. Afry retreated 1.4%.
Also Hexpol announced new targets. For the period 2026–2030, they want to achieve average annual growth in earnings per share of over 10%. Net debt must be kept below two and a half times ebitda and the dividend ratio must be between 40 and 60%. Hexpol fell 2.2%.
Another company that held a capital market day was SSAB. The company announced that it wants to raise the share of premium deliveries to 65% by 2030, from today’s levels of 55%. The financial targets were repeated. SSAB’s B share was down 5.3%.
The investment company Latour reported a net asset value of SEK 216 per share on November 3. The net asset value adjusted for dividends paid fell by 0.6% during the first nine months of the year. Comparable index SIX RX rose by 5.8%. Latour retreated 3.2%.
Aeneas rose 1.7% after setting new financial targets. The software company aims for over 10% annual growth until 2028 and an adjusted ebitda margin of over 35% by the end of the period.
Among today’s reporting companies appeared foodwhose management results came in 4.8% higher than consensus. The real estate company fell 0.1%.
The e-commerce company Boozt advanced 1.5% after posting an adjusted operating profit that was 16.1% higher than expected. Boozt raised its full-year adjusted operating margin forecast to 5-6% from 4.5-5.5% previously. The forecast for turnover growth is simultaneously narrowed to 0–3%, from the previous 0–6%.
The kitchen company Nobia fell 7.8%. The definitive numbers for Q3 were in line with the preliminary ones. In a comment, the CEO said Kristoffer Ljungfelt that although they see “continued weak volumes in the project market, particularly in the UK, we are encouraged by strengthened consumer confidence”.
Finally, a decline of 4.8% was noted in Volvo Cars which reported new sales figures. In October, global sales decreased by 2%.
A new buy recommendation was noted in Academiawhich climbed 6.5% after that ABG raised to buy from hold.
Elsewhere raised Deutsche Bank Rooms for purchase from storage. Sobi lifted 2.7%.
