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UPDATE 2-NORDIC STOCKS - Factors to watch on Jan 25
January 25, 2013 / 6:26 AM / 5 years ago

UPDATE 2-NORDIC STOCKS - Factors to watch on Jan 25

(Adds Telenor, updates Wartsila)

HELSINKI, Jan 25 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Friday:


The Finnish ship and power plant engine maker reported a bigger-than-expected rise in fourth-quarter operating profit and said its solid order book signalled sales growth of up to 10 percent this year.

October-December operating profit, excluding one-off items, rose 28 percent year-on-year to 186 million euros ($248.8 million), above an average forecast of 180 million euros in a Reuters poll of analysts.

It also said it had appointed Marco Wiren as its new Chief Financial Officer.

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The European Commission on Thursday launched a formal challenge to a Hungarian tax on phone calls and text messages, which could mean Hungary will have to pay back taxes levied on operators active in the country, such as Norway’s Telenor.

If the Hungarian government loses this first case, it might have to pay back about 180 billion forints ($815.70 million) levied on telecommunications revenues between 2010 and 2012.

Telenor said early on Friday the firm had no immediate comments.

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The Swedish medical equipment maker is due to publish its full fourth-quarter earnings report at 1100 GMT after it warned on profits this month.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms $1 = 0.7477 euros $1 = 220.6707 Hungarian forints Reporting by Helsinki Newsroom

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