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8 months ago
NORDIC STOCKS - Factors to watch on Dec 20
December 20, 2016 / 7:49 AM / 8 months ago

NORDIC STOCKS - Factors to watch on Dec 20

The following stocks may be affected by newspaper reports and other factors on Tuesday:

NOVO NORDISK

The Danish pharmaceuticals maker said it had received approval from U.S. regulator FDA for the use of its Tresiba drug in children and adolescents with diabetes.

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OPERA

The Norwegian software firm sold a majority stake in its TV business and separately warned of weaker earnings in its mobile advertising unit.

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HALDEX

The Swedish maker of car brake systems warned its 2016 earnings margin would be lower than expected due to an increase in ordinary costs of 70 million Swedish crowns ($7.46 million) in the fourth quarter.

Overall, Haldex now expects an operating margin, excluding extraordinary costs, of approximately 6.5 percent for 2016, compared to a previous estimate of approximately 7 percent.

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NORWEGIAN AIR

The budget carrier said it had established a credit facility of up to 1 billion Norwegian crowns ($115.06 million) as it announced the completed sale and leaseback of three Boeing 787-800 aircraft.

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Reporting by Copenhagen, Oslo, Helsinki and Stockholm newsrooms $1 = 9.3841 Swedish crowns $1 = 8.6908 Norwegian crowns

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