NORDIC STOCKS - Factors to watch on Jan 30

Thu Jan 30, 2014 2:27am EST

(Updates H&M)

HELSINKI Jan 30 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

H&M

The world's second biggest fashion retailer said it was optimistic for 2014 even after it reported disappointing fourth-quarter profits.

It posted a pre-tax profit of 7.3 billion Swedish crowns ($1.13 billion), missing average analyst forecasts for 7.6 billion.

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TELIASONERA

The Nordic telecom operator said it expected flat sales and margins in 2014 after reporting fourth-quarter profit below expectations.

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ERICSSON

The mobile telecom gear maker posted sales and fourth-quarter operating profit below expectations on Thursday and said network projects in China and Russia had not compensated for lower sales in North America and Japan.

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NOVO NORDISK

The Danish insulin producer edged its financial guidance for 2014 higher, saying it now expects sales to grow by 8-11 percent and operating profit to grow by around 10 percent in local currencies.

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TRYG

The Nordic region's second-biggest general insurer posted fourth-quarter earnings well above expectations on Thursday and maintained its financial targets.

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UPM-KYMMENE

Finnish paper maker is to post its fourth-quarter results at around 0730 GMT. The company is expected to report a 18.5 percent rise in quarterly core operating profit as cost cuts improved profitability at its troubled European paper business, a Reuters poll showed.

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TELENOR

Norwegian telecoms group Telenor signed a 15-year licence agreement in Myanmar and said its operations in one of Asia's poorest countries would reach cash-flow break within three years, the firm said on Thursday.

Telenor, which has around 150 million subscribers in Asia, the Nordics and central Europe, said it would pay $500 million for the licence while peak funding costs, defined as the licence fee plus accumulated losses until it reaches operating cash flow break-even, is expected to be around $1 billion.

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(Additional reporting by Copenhagen, Oslo and Stockholm newsrooms)