Economic Calendar

Friday, October 24, 2008

Carnegie, Elisa, Neste, Scania, Volvo: Nordic Stock Preview

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By Jakob Lindstroem

Oct. 24 (Bloomberg) -- The following companies may have unusual price changes in Nordic trading. Stock symbols are in parentheses and share prices are from the previous close.

The Dow Jones Nordic 30 Index, a measure for the region, increased 0.2 percent to 4,608.18.

Norway's OBX Index added 0.5 percent, while the OMX Copenhagen 20 Index lost 3.6 percent. The OMX Stockholm 30 Index retreated 1.7 percent. Finland's Helsinki 25 Index declined 0.4 percent. The OMX Iceland 15 Index lost 0.4 percent.

D. Carnegie & Co. (CAR SS): The Nordic region's biggest publicly traded investment bank may report third-quarter net income of 68.5 million kronor ($8.8 million) on sales of 814.7 million kronor, the average analyst estimates compiled by Bloomberg. Carnegie fell 0.2 percent to 44.1 kronor.

Elisa Oyj (ELI1V FH): The second-largest phone company in Finland may say it had net income of 53 million euros ($68 million) on 383.6 million euros in revenue for the third quarter, analysts predict. The stock fell 1.1 percent to 11.27 euros.

JM AB (JM SS): The Swedish maker of homes will probably report about 261.1 million kronor in net income for the three months through September on 2.6 billion kronor in sales, analysts anticipate. JM dropped 4 percent to 38.3 kronor.

Neste Oil Oyj (NES1V FH): Finland's only oil refiner will report net income of 115.7 million kronor in the third quarter on 4.1 billion in revenue, analysts on average expect. Neste fell 1.8 percent to 11.54 euros.

Petroleum Geo-Services ASA (PGS NO): The world's third- biggest provider of oilfield-mapping services may say it had net income of 111.6 million kroner ($16 million) on sales of 512.7 million kroner, analysts anticipate. PGS dropped 3.5 percent to 34.9 kroner.

Scania AB (SCVB SS): Sweden's second-biggest truckmaker may say it had third-quarter net income of 2.07 billion kronor on sales of 21 billion kronor, analysts estimate. Scania declined 5.6 percent to 59.25 kronor.

Volvo AB (VOLVB SS): The world's second-largest truckmaker will likely report net income for the third quarter of 3.26 billion kronor on 70.92 in sales, the mean analyst prediction. The share fell 2.9 percent to 43.5 kronor.

Waertsilae Oyj (WRT1V FH): The company, whose engines propel one in three of the world's ships, may say it had net income of 96.5 million euros on revenue of 1.2 billion euros in the third quarter, analysts estimate. The stock declined 2.2 percent to 18.04 euros.

To contact the reporter on this story: Jakob Lindstroem in Stockholm at jlindstroem@bloomberg.net.




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