Swedish stocks: Seen opening higher, Volvo and Swedbank profits beat forecasts

Industrivarden AB

24/04/2018 07:44

** Swedish shares seen opening higher on Tuesday, seen outperforming
European markets 
    ** Asian stocks bounced from near two-week lows on Tuesday as investors
paused for breath following the heavy selling of recent sessions and waited to
see if the dollar's rally was sustainable  ID:nL3N1S120W 
    ** Swedbank  SWEDa.ST  Q1 profit tops forecast as Swedish housing market
steadies  ID:nL8N1S10LH 
    ** Booming demand lifts AB Volvo profit  VOLVb.ST , straining supply chain
 ID:nL8N1S10Q5 
    ** Gardening tools maker Husqvarna  HUSQb.ST  Q1 EBIT just lags expectations
 ID:nFWN1S102O  
    ** Axfood  AXFO.ST  Q1 operating profit beats forecasts  ID:nASO0003PP 
    ** NetEnt  NETb.ST  Q1 operating profit just below forecast, proposes
Fredrik Erbing as new board chairman  ID:nFWN1S106A  ID:nFWN1S101Z 
    ** Software company Trimble Inc  TRMB.O , competitor to Hexagon  HEXAb.ST ,
buys privately-held Viewpoint for $1.2 billion and raises its revenue outlook
 ID:nL3N1S068H  
    ** Pandox  PANDXb.ST  Q1 EBITDA up at SEK 560 mln  ID:nFWN1S105T 
    ** Gunnebo  GUNN.ST  Q1 operating profit falls  ID:nFWN1S10BA 
    ** Industrivarden  INDUa.ST  divests shares in SSAB  SSABa.ST  for SEK 3,073
mln  ID:nASO0003PE 
    ** SEB raises its Tele2  TELb.ST  recommendation to buy from hold and ups
target price to SEK 120 from SEK 105 vs closing price of 108.25 crowns on
Monday, according to newswire Direkt which refers to Bloomberg
    ** Wallenstam  WALLb.ST  Q1 rental income rises to SEK 467 mln
 ID:nFWN1S106R 
    ** Cloetta  CLOEb.ST  Q1 adjusted operating profit rises to SEK 164 mln
 ID:nFWN1S10B9 
    ** Fabege  FABG.ST  Q1 net operating income SEK 439 mln, beats estimates
 ID:nFWN1S10B5 
    ** Shares in Whirlpool Corp  WHR.N , competitor to Electrolux  ELUXb.ST ,
dip in after-hour trading after Q1 profit, revenue miss estimates
 ID:nL3N1S0686 
    ** Vitrolife  VITR.ST  Q1 operating profit rises  ID:nFWN1S10C2 
    ** Bioinvent  BINV.ST  Q1 net loss widens yr/yr  ID:nFWN1S10C0 
        
 IG pre-market trading Stockholm OMXS30                     +0.4 pct
 Stoxx Europe 50 future                   STXEc1            unchanged 
 MSCI index Asia Pacific ex Japan         .MIAPJ0000PUS     +0.1 pct 
 S&P 500 close previous trading day       .SPX              ended flat 
 
    
    For European stock market report:  .EU 
    For global market roundup.  MKTS/GLOB 
    

 (RM:olof.swahnberg.thomsonreuters.com@reuters.net)