UPDATE 1-NORDIC STOCKS-Factors to watch on Oct 27

Tue Oct 27, 2009 3:38am EDT
 
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(Adds Carlsberg, updates REC, Norsk Hydro, PSG, SCA, Swedish Match)

HELSINKI, Oct 27 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Tuesday:

CARLSBERG (CARLb.CO)

Russia's plans to triple duties on beer could cost the country 100,000 jobs and prompt the Danish brewer to shut factories, its chief executive was quoted as saying. [ID:nLR317142]

"By our estimates, if the current proposal to increase excise duties is approved -- and we sincerely hope that will not happen -- around 100,000 people could end up out of work," Carlsberg's Joergen Rasmussen told Vedomosti business daily.

For more on the company, double click on [CARLb.CO]

SWEDISH MATCH (SWMA.ST)

The tobacco products maker posted a smaller-than-expected rise in third-quarter operating profit and said a weaker dollar and promotions in the United States would weigh on fourth-quarter profits.

For more on the company, double click on [SWMA.ST]

SCA (SCAb.ST)

The Swedish hygiene and paper products firm reported a bigger-than-expected rise in third-quarter pretax earnings but said it saw higher energy and material costs during the final quarter of the year.

Pretax profits at Europe's biggest maker of corrugated packaging and hygiene products came in at 2.20 billion Swedish crowns ($324.6 million), excluding one-off items, compared with a year-earlier 1.44 billion and a mean forecast in a Reuters poll of analysts of 1.96 billion.

For more on the company, double click on [SCAb.ST]

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