Stockholm Bullets - MTG rises against the tide after acquisition
November 12, 2024 at 03:29 am
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The Stockholm Stock Exchange starts Tuesday with a clear decline. MTG is going against the tide after announcing a major acquisition.
After 24 minutes of trading, the OMXS30 index was down 0.91 percent to 2,552.95. During the day, the index has moved within the range -1.00 percent at its lowest and -0.69 percent at its highest.
The broad OMXSPI was down 0.97 percent.
Share price
Price change
Commentary
MTG
12%
Buys game studio Plarium Global for $620 million
Moberg Pharma
6,1%
Ebitda loss improved slightly in the quarter
Isofol Medical
4,8%
Slightly increased operating loss to SEK -11.7 million in the quarter
24Sevenoffice
4,6%
Turns to positive ebitda in Q3. In agreement with Accountor Software (owned by KKR) to sell certain subsidiaries and assets
AstraZeneca
-0,1%
Revenue and adjusted profit higher than expected in Q3. Raises sales forecast and announces SEK 38 billion investment in the US
Autoliv
-0,1%
Increases quarterly dividend and extends share buyback program
Volvo Cars
-0,8%
Sources to Ekot say that the majority owner Geely is considering reducing its ownership. Geely themselves deny the information
Assa Abloy
-1,2%
Buys Italian company with revenues of around SEK 150 million
Coor
-2,9%
CEO AnnaCarin Grandin leaves for new challenges outside the company. Grandin will remain until May 10 next year at the latest
Enad Global 7
-8,3%
Ebitda profit fell over 35 percent in the quarter to SEK 73.8 million
Autoliv, Inc. is a developer, manufacturer, and supplier of safety systems to the automotive industry with a range of product offerings, primarily passive safety systems. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies and battery cut-off switches. The Company also develops and manufactures mobility safety solutions, such as pedestrian protection, battery cut-off switches, connected safety services and safety solutions for riders of powered two wheelers. The Company has one operating segment, which includes Autolivâs airbag and seatbelt products and components. Its subsidiaries include Autoliv AB and Autoliv ASP, Inc. The Company operates its business in geographical regions, such as Europe, the Americas, China, Japan, and the Rest of Asia (ROA). The Company has approximately 62 production facilities in 25 countries.