February 19, 2014 / 7:47 AM / in 4 years

NORDIC STOCKS-Factors to watch on Feb 19

(Adds Sydbank, Outokumpu, Swedish Match)

OSLO, Feb 19 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Wednesday:


The Finnish stainless steelmaker Outokumpu said it raised its stake in the planned Fennovoima nuclear reactor to 12.5 percent from 11 percent and confirmed its commitment to a project whose viability has been questioned by some analysts.

Outokumpu estimated its investment in Fennovoima, to be paid over the next decade, would be around 210 million euros ($289 million). Some analysts have warned other members may withdraw due to weak finances and low energy prices.


Swedish moist snuff and cigar maker Swedish Match posted a drop in fourth-quarter operating profit in line with expectations on Wednesday and said fierce competition in the U.S. cigar market would contiune in 2014.

Operating profit fell to 932 million Swedish crowns ($144 million) against 986 million a year ago and compared to a mean forecast of 934 million in a Reuters poll of analysts.

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Denmark’s Sydbank reported a fourth-quarter pretax loss above expectations on Wednesday due to higher bad loan provisions but said it expects lower write-downs in 2014.

Sydbank, the third-biggest Danish bank by market capitalisation, said pretax loss increased to 445 million crowns ($82.01 million) in October-December, above a forecast for a 343 million crown loss in a Reuters poll.

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Carlsberg’s operating profit rose 8 percent in the fourth quarter as improved margins in Western Europe and continued Asian growth offset sluggish sales in Eastern Europe. At 2.32 billion Danish crowns ($427.5 million) earnings before interest, tax and special items beat the 2.18 billion expected by analysts in a Reuters poll.

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Norwegian oil firm Det norske reported a bigger-than-expected fourth-quarter operating loss on Wednesday and said it was making satisfactory progress on its flagship projects, Johan Sverdrup and Ivar Aasen.

Det norske’s operating loss widened 1.18 billion Norwegian crowns from 358 million crowns a year earlier, underperforming expectations for a 196 million loss.

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Deliveries of the six biggest categories of white goods in the United States (AHAM 6) fell 7.7 percent year-on-year in January and 9.4 percent in the full year 2013, data from industry body the Association of Home Appliance Manufacturers showed late on Tuesday.

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Additional reporting by Copenhagen, Helsinki and Stockholm newsrooms

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