Stockholm Q4: The Season's Biggest Winners and Losers

Results: Operating profit growth accelerated to 73.5%, and net profit grew by 81.3%. Reasons: The growth was driven by a significant rise in the price of gold, which offset lower sales volumes and enabled the payment of large dividends. Reaction: The stock initially fell by 1.9%, but investors reassessed the situation, and the share has since risen by 11.2% following the results.

Results: The company made an impressive turnaround, moving from a SEK 53.5 million loss to a SEK 33.2 million operating profit. Reasons: The turnaround was driven by the faster-than-expected sales success of the Alzheimer's drug Leqembi, which significantly increased royalties and collaboration revenues. Reaction: The stock jumped 12.4% on the day of the results, but this was followed by strong profit-taking, leading to a total decline of 10.5%.

Results: Operating profit grew strongly by 27.3%, although the growth has slowed slightly compared to previous periods. Reasons: The success is attributed to the continued strong sales of key products, especially CERAMENT G, in the US market, which is the company's main growth driver. Reaction: The stock reacted positively, rising 3.7% on the results day and has continued to climb, now up a total of 7.3%.

Results: Operating profit grew by 6.1%, a strong result in a challenging market environment, outperforming competitors. Reasons: Bravida managed to offset a slight decline in sales revenue with good cost control, reducing production costs by 2.6%. Reaction: The market received the results very well, with the stock rising 10.3%. After the initial rally, the price has corrected slightly but remains 6.7% higher.

Results: Operating profit surged by an explosive 144.3% and net profit by over 1300%. Reasons: The growth was driven by very strong sales of partner games, especially trading card games like Pokémon. Reaction: The stock initially reacted with a modest 1.5% rise but has since declined and is now trading 6.8% lower than before the results.

Results: Operating profit grew strongly by 17.4%, although operating expenses also increased sharply. Reasons: Growth was supported by new properties and rising rental prices in the logistics sector, which remains strong. Reaction: The stock rose 6.6% on the results. Although some of the initial gain has been given up, the share is still up 2.4%.

Results: The investment firm reduced its operating loss by 55.4%, a step in the right direction but still lagging behind competitors. Reasons: The result was improved by a significantly smaller decline in the value of financial assets compared to the previous year. Investors are awaiting the IPO of portfolio company Silex. Reaction: The stock reacted to the results with a 1.6% rise and has continued its upward trend since, now up a total of 5.9%.

Results: The company turned a SEK 304 million loss into a SEK 288 million profit. Reasons: The result was deceptive, as the profit turnaround was due to the absence of a one-off expense from the previous year. In its core business, revenue fell by 12.6% as the company terminates low-margin contracts. Reaction: The market saw through the results, and the stock fell 14.3%. Although the share has recovered slightly, it is still 6.1% lower than before the results.

Results: The decline in operating profit accelerated to -3.8%, and the company reported a net loss. Reasons: The decline was caused by reduced rental income and increased maintenance costs. However, after the results, the company announced a large and profitable property sale. Reaction: The stock fell 2.9% on the results, but the news of the property sale reversed its course. Overall, the share is up 4.9%.

Results: The results turned sharply negative, with operating profit falling 23.9% and net profit plummeting 88%. Reasons: Cost growth, particularly depreciation, significantly outpaced modest sales revenue growth, indicating pressure on profitability. Reaction: The stock dropped 8.5% on the results day and has continued to fall, now down a total of 10.5%.

Results: Operating profit fell sharply by 47.3%, which was a major negative surprise. Reasons: The main reason was a negative change in property values, which overshadowed stable rental operations. Reaction: The stock initially reacted with a slight increase (+1.2%) but has since declined and is now trading 2.0% lower.

Results: Operating profit plummeted 54.0% and net profit 59.9%. Reasons: The collapse in results was caused by an unexpected drop in advertising revenue, as the largest advertising partner changed its algorithm, reducing Truecaller's income. Reaction: The stock collapsed by 32.6% on the results day. Although the share has recovered slightly from the bottom, it is still 24.4% lower.

Results: Operating profit returned to 14.3% growth, which was a good result on paper. Reasons: The growth was driven by a sales recovery in Europe. However, costs grew faster than revenues, raising concerns about margins. Reaction: Investors focused on the margins, and the stock fell 9.8%. The selling pressure has continued, and the share has now dropped by a total of 26.8%.