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Markets

Mixed reports concerning Nordic stocks

Published Updated

HELSINKI: The Finnish retailer and department store group is seen to report a 12 percent drop to 53.8 million euros ($73.67 million) in its fourth-quarter operating profit.

Top Nordic IT services group Tieto is expected to report a 4 percent drop in fourth-quarter core operating profit to 37.1 million euros.

Norwegian food-to-metals conglomerate Orkla is reporting its fourth-quarter to report a 25 percent rise in fourth-quarter earnings before interest, tax and amortisation (EBITA) to 1.34 billion Norwegian crowns ($232.3 million).

Norway's biggest banking group is expected to report a 64 percent year-on-year rise in fourth-quarter pretax profit to 4.28 billion Norwegian crowns.

The Swedish construction company is expected to report a 16 percent year-on-year drop in fourth-quarter pretax profit to 1.25 billion Swedish crowns ($194.3 million).

The Norwegian seismic surveyor is seen to report a fourth-quarter operating profit of $77 million, approximately the same as a year ago.

Copyright Reuters, 2011

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