UPDATE 1-NORDIC STOCKS - Factors to watch on Oct 30

Wed Oct 30, 2013 2:43am EDT

(Adds Storebrand, Orkla factors)

STOCKHOLM Oct 30 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Wednesday:

ORKLA

The Norwegian conglomerate reported third-quarter core earnings ahead of expectations and said the improvement from last year's numbers was driven by acquisitions.

Operating profit before amortisations rose to 909 million Norwegian crowns from 868 million a year earlier and ahead of expectations for 871 million crowns in a Reuters poll of analysts.

For more on the company, double click on

STOREBRAND

The Norwegian insurer posted second-quarter earnings far ahead of expectations on Wednesday and said costs cuts were driving results.

Storebrand's group profit was 810 million crowns ($137.59 million), above the mean forecast of 644 million crowns seen in a Reuters poll of analysts, and against 458 million crowns at the same time last year.

For more on the company, double click on

STATOIL

The Norwegian oil major reported third-quarter operating results above expectations and said it would spend more on exploration in 2013 than it earlier predicted.

Adjusted operating profit rose 1 percent to 40.4 billion Norwegian crowns, beating analysts' expectation for 39.5 billion crowns.

Total equity production averaged 1.852 million barrels of oil equivalents per day in the quarter, above expectations for 1.84 million barrels.

Statoil will spend $3.75 billion on exploration this year, above an earlier target for $3.5 billion and it would drill 60 wells instead of a planned 50.

For a full story, double click on

For more on the company, double click on

JYSKE BANK

Denmark's second biggest bank by market capitalisation is expected to report a 26 percent fall in third-quarter pretax profit to 459 million Danish crowns ($84.73 million), dampened by lower core earnings and an increase in loan impairments. Results are due before 0800 GMT.

For more on the company, double click on

POHJOLA

The Finnish bank reported a 64 percent rise in quarterly pretax profit, helped by growth in its non-life insurance business.

Third-quarter pretax profit rose to 129 million euros ($177.63 million) from 79 million a year earlier, beating the average analyst forecast of 119 million in a Reuters poll.

Pohjola forecast its insurance business' operating combined ratio, a measure of profitability, to be around 87-90 percent compared with an earlier outlook of 88-92 percent.

For more on the company, double click on

STOCKMANN

The Finnish department store owner reported third-quarter operating profit of 10.7 million euros versus a forecast of 14 million euros ($19.3 million) in a Reuters poll and down from 17 million euros a year earlier.

The company said it expected group revenue this year below 2012.

For more on the company, double click on

YIT

The Finnish construction group reported operating profit from continuing operations, or segments-based operating profit down 29 percent to 37.4 million euros ($51.50 million). The company warned in September that sales and profit would fall from a year earlier.

For more on the company, double click on

SCHIBSTED

The Norwegian publishing group reported third-quarter earnings slightly below expectations on Wednesday and said investments in new online ventures would remain high.

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to 437 million Norwegian crowns from 518 million crowns in the year-ago period, below analysts' mean forecast for 445 million.

For more on the company, double click on

** For a summary of upcoming results and forecasts, double click on

** For the western European company diary covering earnings, shareholder meetings, news conferences and analysts' meetings, click on or type in the code and hit the f9 button.

** Double click on for Swedish indices, for Danish indices, for Finnish indices and for Norwegian indices

** For real-time moves on Nordic blue-chip indices double click on,, and

** For constituent stock moves highlight the above codes in the command box and press the f3 button on your keyboard

** For Nordic top news items, double click on

** For the latest news on Nordic stock price moves double click on (Additional reporting by Copenhagen, Oslo and Helsinki newsrooms) ($1 = 5.4169 Danish crowns) ($1 = 0.7262 euros) (Reporting by Stockholm Newsroom)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.