STOCKHOLM: Weekly Earnings Summary Feb 21
The OMX Stockholm 30 index rose by +1.88% this week. The earnings season is painting a clear contrast: the commodities sector (Lundin Mining, Lundin Gold) is enjoying record profits thanks to high prices, while technology and consumer-facing companies (Truecaller, Scandic) are under pressure. The market is rewarding growth and punishing weakness harshly.
LUMILundin Mining (LUMI)
Results: Lundin Mining delivered a powerful result, increasing its operating profit by 111.8% year-over-year.
Reason: The success was driven by a 57.1% rise in the price of copper, which propelled the company's profitability to new heights and clearly outpaced competitors.
Reaction: Investors reacted euphorically to the record numbers, sending the stock up +10.4% for the week to a new price high.
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