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Elon Musk's political involvement is alienating some Tesla customers, presenting an opportunity for Polestar, according to CEO Michael Lohscheller. He noted a significant negative sentiment towards Musk's support for far-right parties in Germany, which he deemed "totally unacceptable." Lohscheller aims to attract dissatisfied Tesla owners as Polestar seeks to boost sales by 35% annually through a traditional dealership model and new vehicle launches.
NCC's share price surged 6.6% to SEK 176.90 on the Stockholm Stock Exchange following a buy recommendation from Nordea. The bank has significantly raised its fourth-quarter earnings estimates, anticipating several billion kronor in profits from real estate transactions and a dividend increase to SEK 11 per share.
Global growth is moderate, with the US benefiting from the presidential election while Europe lags. In the Nordic region, strong private consumption is expected due to favorable job prospects and rising disposable income, despite challenges like low consumer confidence in Denmark and a weak economic cycle in Finland. Norway's economy is growing with low unemployment and wage growth outpacing inflation, while Sweden anticipates a recovery in domestic demand supported by lower interest rates.
Nordea Bank analysts predict that Sweden and Norway will conclude their easing cycles by July, with the Riksbank and Norges Bank reaching terminal rates of 2% and 4%, respectively. This outlook aligns with broader consensus, although Norway's estimates are lower than recent forecasts. Despite potential trade tariff impacts from the US, domestic demand is expected to drive economic growth in the Nordic region, supported by rising private consumption due to improved employment and disposable incomes.
Nordea forecasts a recovery in Swedish household purchasing power, predicting GDP growth of 0.6% in 2024, 1.6% in 2025, and 2.6% in 2026, despite ongoing political uncertainty. Interest rate cuts are expected to bolster domestic demand, while wage agreements may lead to annual increases of around 3.5%. Public investment is rising, particularly in defense and infrastructure, even as housing investment continues to decline.
Global growth is moderate, with the US benefiting from the presidential election while Europe lags. In the Nordic region, strong private consumption is expected due to favorable job prospects and falling interest rates, despite challenges in Denmark and Finland. Norway and Sweden are poised for recovery, supported by low inflation and increased purchasing power.
BNP Paribas Exane has raised its target price for Nordnet to SEK 195 from SEK 185, while maintaining an underperform rating. Nordnet AB, a Sweden-based company, provides a digital platform for savings and investments, catering to private savers in Sweden, Norway, Denmark, and Finland. The platform offers low-cost financial products and features a social investment network with over half a million members.
UBS has maintained a 'Buy' rating for Orsted, setting a target price of 520 Danish kroner. Analyst Mark Freshney highlighted concerns over further write-downs and delays in the Sunrise Wind project, which are impacting the company's outlook. Orsted, a leading Danish energy firm, primarily focuses on offshore wind farms, contributing significantly to its revenue.
UBS has maintained a "Neutral" rating for Nemetschek, setting a target price of 115 euros, following the company's strong annual results. Analyst Michael Briest noted the absence of new signals for 2025. Meanwhile, the Adler Group is managing high borrowing costs, and PNE has sold its Swedish business.
E.ON SE, a leading electricity and gas producer and distributor, generates net sales primarily from electric energy (61.7%) and gas distribution (25.6%), with other activities accounting for 12.7%. Geographically, sales are concentrated in Germany (40%) and the United Kingdom (35.4%), with smaller shares in Sweden (2.3%), the Netherlands (1.5%), and other European regions (20.7%).
SWE
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Polestar targets disillusioned Tesla customers amid Musk's political involvement
15:30 22.01.2025
ncc shares surge after nordea's positive buy recommendation and earnings forecast
14:32 22.01.2025
nordic economies poised for recovery amid global growth uncertainties
10:36 22.01.2025
Nordea predicts end of easing cycle for Sweden and Norway by July
Swedish Krona
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Donald Trump
Kjetil Olsen
09:43 22.01.2025
Swedish economy poised for recovery as household purchasing power improves
09:20 22.01.2025
Nordea Economic Outlook predicts consumer recovery across Nordic countries
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09:07 22.01.2025
BNP Paribas Exane raises Nordnet target price to SEK 195 while underperforming
06:23 22.01.2025
ubs maintains buy rating for orsted with target price of 520 kroner
14:06 21.01.2025
UBS maintains neutral rating for Nemetschek with target price of 115 euros
Euro
Adler Group S.A.
NEMETSCHEK
Generali Italian Equity
BPCE4.2%24OCT29
PNE AG
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Olaf Scholz
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13:45 21.01.2025
EON AG receives buy rating from UBS amid strong market presence
13:07 21.01.2025
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