July 17, 2014 / 6:45 AM / in 3 years

UPDATE 1-NORDIC STOCKS-Factors to watch on July 17

(Updates Sandvik, Norwegian Air, Alfa Laval)

HELSINKI, July 17 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

SANDVIK

The Swedish egineering group posted a steeper-than-expected fall in second-quarter earnings on Thursday as a slump in mining industry spending weighed but said demand in the hard-hit sector had stabilised.

Operating earnings at Sandvik, a top supplier of mining gear such as drill rigs and loaders, fell to 2.56 billion crowns from a year-ago 2.96 billion to just lag a mean forecast of 2.75 billion in a Reuters poll of analysts.

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NORWEGIAN AIR

The budget airline reported second-quarter earnings trailing expectations and cut its guidance for production growth this year.

Norwegian, Europe’s third biggest budget carrier by revenue, said its operating profit before leasing and depreciation, fell to 535 million crowns from 699 million crowns a year earlier, missing expectations for 698 million.

The firm said that its available seat kilometres would grow by more than 35 percent this year, below an earlier guidance for 40 percent. Its unit cost is now seen at 0.40-0.41 crown this year, up from a previous guidance for 0.40

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ALFA LAVAL

The Swedish engineering group forecast demand would be roughly unchanged in the third quarter after posting core earnings slightly below expectations.

Alfa said earnings before interest, tax, amortisation and other items (adjusted EBITA) were 1.35 billion Swedish crowns ($197.94 million) in the second quarter from a year-ago 1.24 billion, undershooting a mean forecast of 1.44 billion in a Reuters poll of analysts.

Order intake at the group rose to 9.0 billion crowns from 7.52 billion in the corresponding quarter of last year, above the 8.52 billion seen by analysts.

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TELIASONERA

The Nordic telecom operator TeliaSonera cut its sales forecast for 2014 after reporting second-quarter core profit in line with expectations on Thursday.

TeliaSonera said it now saw 2014 sales, excluding currency swings, acquisitions and disposals, slightly below the 2013 level because of lower revenues in Spain and said it was reviewing its future presence in the country. Its previous forecast was for flat organic sales.

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AKER SOLUTIONS

The Norwegian oil services firm posted second-quarter earnings and order backlog figures trailing expectations on Thursday and said that sentiment could turn more positive beyond 2015.

The firm’s earning before interest, taxes, depreciation and amortisation (EBITDA) fell to 429 million crowns ($69.21 million) in the second quarter, from 786 million in the year-ago period, against expectations for 1.05 billion in a Reuters poll of analysts.(Full Story)

Its order backlog rose to 67.7 billion crowns from 56.8 billion a year earlier but came behind expectations for 69.3 billion.

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NORDEA

The Nordic region’s biggest bank by market value said on Thursday it still aimed to raise its payout ratio for 2014 and 2015 as it reported second-quarter operating profit above expectations.

Operating profit for the period was 1.1 billion euros ($1.5 billion) compared with a mean forecast for 963 million seen in a Reuters poll of analysts and a year-ago 1.0 billion. The result excludes restructuring costs of 190 million euros.

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ORKLA

The Norwegian conglomerate posted second-quarter earnings above forecasts on improved operations in its branded consumer goods division and its acquisition of Norwegian food group Rieber & Soen.

Its earnings before interest, taxes and amortisation (EBITA) came in at 751 million crowns ($121.18 million), against expectations for 720 million crowns according to a Reuters poll of analysts, up from 632 million in the year-ago period.

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HANDELSBANKEN

The Swedish bank reported second-quarter operating profit above expectations thanks to lower loan losses and a boost from dividend income.

Operating profit in the quarter rose to 5.1 billion Swedish crowns ($747 million), beating a mean forecast for 4.8 billion seen in a Reuters poll of analysts and compared with 4.7 billion in the year-earlier period.

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DET NORSKE

The Norwegian oil firm reported a net result profit of 167 million crowns ($26.95 million) in the second quarter, against expectations for a loss of 52 million according to the mean average in a Reuters poll of analysts, compared with a loss of 41 million in the year-ago period.

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