Stockholm Stock Exchange Rallies on Strong Earnings Reports
Stockholm's OMXS-index rises 1.5% on strong company earnings, with mixed individual stock performances.
Key Points
- • Tele2's stock jumps 7.7% after profit forecast boost.
- • ABB leads gains with a 9.6% increase.
- • Essity falls 4.5% after missing profit expectations.
- • Swedish krona weakens against dollar and euro.
On July 19, 2025, the Stockholm Stock Exchange saw a notable increase, with the OMXS-index rising by 1.5%. This surge was largely driven by impressive quarterly earnings from several companies. Tele2's stock soared by 7.7% after the company raised its profit forecast, while online casino operator Evolution's shares jumped by 8.1%, buoyed by positive results from North America and Asia. Assa Abloy also benefited from favorable earnings, leading to a 5.9% increase in its stock price. The notable performer of the day was ABB, whose stock surged by 9.6%, marking the highest gain among major traded stocks.
In contrast, a few companies experienced declines; AB Volvo's stock dropped by 1.9%, and Nordea fell by 2.7%. Notably, Essity emerged as the biggest loser, declining by 4.5% after missing profit expectations. While Volvo Cars' stock rose by 7.9% on the day, it still reflects a significant drop of 20.1% since the start of the year. Additionally, the Swedish krona weakened against both the dollar and euro, now trading at 9.75 and 11.31 kronor respectively. These developments were consistent with a broader upward trend in European markets, contributing to a 2.2% increase in the Stockholm market year-to-date.