Nordic markets were down half a percent as bitter coldness still has a hold on much of the region. Riksbank raised key interest rate by 25 percentage points. Deutsche Boerse and NYSE Euronext merge.
Trelleborg posted its year-end report for 2010. Sales for continuing operation totalled over 27 billion Swedish Kronor. With an EBITDA margin of 12.1 percent, the company achieved financial targets. The LOI with Freudenberg to form a JV for operations in antivibration for light and heavy vehicles was highlighted. The markets were hoping for better margins, which made profit numbers miss expectations big time. Trelleborg retreated over 10% in today's trading.
Several Nordic exchange listed biotechs (Novozymes, LifeCycle Pharma Karo Bio, Topotarget and EpiCept)attended the 13th annual BIO CEO & Investor Conference in New York. Sadly while the great majority of the presentations were webcasted live, Nordic companies were mostly presenting without webcasting.
Clas Ohlson January sales disappointed badly. Wärtsilä was down and Fiskars up as Fiskars sold a part of its Wärtsilä holdings and is giving out the cash in an extra dividend. Talentum was down as costs dragged on the numbers. Readsoft was the big mover of the day, gaining nearly a quarter of added value with both profit and sales surprising on the upside.
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