Among those who presented their interim report is AB Volvo. The company showed an operating profit of just over SEK 20 billion, which beat the company’s expectations.
– We have a good price discipline and a good commercial discipline, at the same time we have compliance in terms of productivity and cost compliance, says Martin Lundstedt, CEO at Volvo.
Something that together leads to good results and a strong margin, he believes.
High expectations
It wasn’t just AB Volvo that did well. The company Getinge’s share shot up by more than 14 percent. Among the heavier companies, Trelleborg and Essity also reported good results, their shares rose by 5.4 and 5.6 percent respectively.
Ahead of Thursday’s interim reports, expectations were generally high, and some lived up to expectations. Others not.
– In some cases, they have missed a bit, then price reactions have become quite harsh, which means that expectations are generally set quite high on the stock exchange, says Mattias Sundling, head of equity strategy at Handelsbanken.
With Thursday’s rise, the Stockholm Stock Exchange’s OMXS index has risen 11.4 percent since the turn of the year.