UPDATE 1-NORDIC STOCKS - Factors to watch on Aug 8

Fri Aug 8, 2008 2:51am EDT
 
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(Adds Danske Bank, Hexagon, Meda and updates Aker Yards, Elektrobit, HKScan)

HELSINKI, Aug 8 (Reuters) - The following stocks may be affected by newspaper reports and others factors on Friday:

AKER YARDS AKY.OL

The Norwegian ship-maker on Friday reported a much lower-than-expected core profit (EBITDA) of 72 million Norwegian crowns ($13.92 million) for the second quarter. Analysts polled by Reuters had forecast EBITDA of 245 million crowns.

The company said EBITDA had been hit by delays to offshore vessel projects.

Aker made an EBITDA loss of 153 million a year ago as it restructured its Finnish cruise-ship operations.

For a full story, see [nOSL001435]

For more on the company, double click on [AKY.OL]

DANSKE BANK (DANSKE.CO)

The Danish banking group is negotiating with IBM (IBM.N) over payment for damages caused by problems in its computer system, Danske chief executive was quoted as saying on Friday.

"We have asked IBM to clarify what they have done to eliminate the problems," CEO Peter Straarup told Finnish daily Helsingin Sanomat. "We are negotiating with IBM also about damages."

Danske Bank's Finnish subsidiary Sampo bank has lost 30,000 customers after it changed IT systems. The new system, supplied by IBM, has been plagued with problems.

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

HEXAGON (HEXAb.ST)

The technology group reported a higher-than-expected pretax profit of 657 million Swedish crowns ($108 million) for the second quarter, up from 555 million a year earlier. It repeated a 2008 forecast for 15 percent growth in earnings per share after tax.  Continued...

 
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