MORNING NEWS

8 February 2010

+ GLOBAL ECONOMY-G7 confident that Greece will repay its debt MISCELLANEOUS:
+ VOLVO(VOLVb.ST)- Forecasts recovery in truck markets 09.30 IFS, telephone conference
+ SKANSKA(SKAb.ST)-Misses analyst estimates 12.000 Netrevelation, lunch meeting
German clothing, weekly statistics Textilwirtschaft
+ SWEDBANK(SWEDa.ST)-Refuses to release Lehman funds
Havsfrun, NAV
Svolder, NAV
Ledstiernan, acceptande period for the offer from Thuban expires
Switchcore, subscription period in rights issue ends

GLOBAL ECONOMY-G7 confident that Greece will repay its debt

Monday, February 08, 2010 Global economic leaders in G7 sought to reassure markets that the
PREVIOUS TRADE DAY debt contagion spreading across southern Europe was under control,
Turnover: 23.089 billion expressing confidence that Greece could bring down its debt levels
without outside intervention. US officials privately said it was
TODAY REPORTS:
inconceivable that Greece would default on its debts. “I’m confident
STOCKHOLM STOCK EXCHANGE:
they can manage this, and manage it well,” Tim Geithner, the US
08.00 IFS Treasury secretary, said after the meeting. The group also made the
FIRST NORTH: case for continued economic stimulus for their economies, adding that
Netrevelation the global recovery remained fragile. (Financial Times, February 7)
SCANDINAVIA:
14.00 Metso exp Q4 pretax profit € 60.5 million (155) forecast includes
VOLVO(VOLVb.ST)- Forecasts recovery in truck markets
restructuring costs of on average € 22 million
Volvo reported a SEK 2 billion quarterly loss, missing analysts’
INTERNATIONAL:
estimates.Volvo took SEK 1.4 billion in restructuring charges and
NASDAQ(before the open) inventory writedowns. The company forecast a recovery in European
and U.S. truck markets. Freight companies have put off purchases of
MACROECONOMIC AGENDA: vehicles as trade shrank across the region, and truck manufacturers,
00.50 Japan, balance of trade, December unlike carmakers, haven’t received government incentives to spur
08.00 Business and credit information agency, bankruptcy statistics sales. Shares gained 2.2%. (Bloomberg, February 5)
10.45 Swedish Public Employment Service, weekly statistics
11.30 Riksbank, outcome of three and twelve month SEK credit auction
12.00 Latvia, CPI, January

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 MORNING NEWS
8 February 2010

NEW YORK CLOSING SKANSKA(SKAb.ST)-Misses analyst estimates

Stock Diff local US closing USD Local close US. volumes Skanska AB said fourth-quarter net income rose to SEK 885 million
currency compared with a net loss of SEK 44 million a year earlier. Analysts had
ABB 0,5 17,6 130,7 5 869 776 estimated net income of SEK 942 million. The company forecast that
AstraZeneca 2,0 43,1 319,5 2 466 761 income will decrease by 5% in 2010. Skanska also said it bought two
housing projects in Gothenburg from SBC worth SEK 1.2 billion. Shares
Autoliv 2,4 44,4 329,5 989 806
gained 0.2 % in Stockholm trading. (Bloomberg, February 5)
Ericsson B 0,3 9,7 72,0 10 091 490
Millicom 2,9 70,3 522,0 529 040 SWEDBANK(SWEDa.ST)-Refuses to release Lehman funds
Norsk Hydro 0,0 21,7 41,1 35 232 Swedbank AB, one of Lehman Brothers Holdings Inc.’s largest secured
Nokia 0,2 13,4 99,8 42 992 443 creditors, has objected to a request by the failed U.S. investment bank for
Novo Nordisk 1,0 69,4 377,7 316 858 it to release funds held by Lehman in an account at the Swedish lender.
Pfizer 0,1 18,0 134,0 90 400 890 Lehman has SEK 84.9 million deposited in an account with Swedbank. The
Royal Caribbean 1,8 25,2 149,4 4 688 996 bank said in September 2008 that its total unsecured credit risk related to
Lehman is about SEK 202 million. Swedbank spokesman Thomas
Backteman said: “We have claimed it, since Swedbank has money in a
Statoil 1,1 21,7 128,9 3 203 214
Lehman account that we want.” (Bloomberg, February 5)
Frontline 2,4 26,4 156,0 1 753 068
UPM 0,0 10,3 7,5 28 259
Volvo -1,1 8,7 66,1 592 498
Acergy -0,2 15,5 93,2 255 114

CURRENCY / S&P SECTOR

PRICE CHANGE % INDEX PRICE CHANGE % PRICE CHANGE %
OIL INDEX
EUR/SEK 10,19 -0,09 OMX 936 -1,34 Financial 187,74 1,22
USD/SEK 7,47 0,04 HEX 6 515 -2,06 Industrial 238,37 -0,56
EUR/USD 1,36 -0,08 KFX 351 -1,45 Pharmaceutical 357,61 -0,22
USD/NOK 6,00 0,10 Hovedindeks 396 -1,82 Technology 341,82 1,10
USD/DKK 5,46 0,05 DAX 5 434 -1,79 Operators 102,87 0,50
WTI 1 month 71,8 0,79 Dow Jones 10 012 0,10 Paper 107,59 1,31
Nasdaq 2 141 0,74 Amex Oil 998,28 -0,32
Nikkei 225 9 959 -0,97 Oil Services 189,73 -0,72
Hang Seng 2 769 -0,18

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 MORNING NEWS
8 February 2010

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