The Stockholm Stock Exchange opened Thursday's trading session with lower prices, marking a pullback after yesterday's strong gains.
Defense company Saab is on the rise following a statement from U.S. President Donald Trump, who has called on American defense companies to halt their dividends and share buybacks in order to instead increase their investments.
After 30 minutes of trading, the OMXS30 index was down 0.59 percent at 2,945.91. During the session, the index has fluctuated between a low of -0.63 percent and a high of -0.17 percent.
The broader OMXSPI was down 0.58 percent.
Company
Change
Comment
Saab
2.7 %
Rising on Trump's statement regarding increased investments for U.S. defense companies
Sobi
2.6 %
Decides to further develop Gamifant for the treatment of gamma-interferon-driven sepsis
MTG
1.2 %
Transfers just over 6.19 million shares to Playsimple's founders
Volvo
0.5 %
Goldman Sachs upgrades to buy (neutral)
K-Fastigheter
0.3 %
Reduces ownership in subsidiary K-Fast Kilen, which becomes an associated company
Boliden
-0.3 %
Barclays and JP Morgan upgrade to equal weight and neutral, respectively
SAAB AB is a world leader in the design, manufacturing and marketing of defense and security systems and equipment for military, space and civil sectors. Net sales break down by family of products and services as follows:
- electronic defense systems (33.3%): radars, sensors, submarine and terrestrial airborne surveillance systems;
- aeronautical systems (26.1%): military aircraft, combat aircraft, avionics, etc.;
- armament equipment and systems (22.5%): military equipment, missile systems, weapon systems, ammunition, armed forces identification systems, camouflage systems, etc. The group also provides security and defense solutions (combat systems, training, simulation, security and communication solutions, air and sea traffic management systems, etc.);
- naval systems (12.9%): submarines, combat ships, underwater mine detection systems, etc.;
- support services (4.2%): provision of services in the areas of systems development, integration and security, information security, communications, technical information, logistics, etc., and technological consulting in the fields of aviation, defense, telecommunications, etc.;
- other (1%).
Net sales are distributed geographically as follows: Sweden (41%), Europe (24.8%), North America (9.6%), Asia (8.4%), Latin America (7.1%), Australia (5.3%), Africa (0.3%) and other (3.5%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
