Heavy reports and macro figures: This is what’s happening this week.
Intense Week of Earnings Reports Ahead
A busy week of earnings reports is on the horizon, with several major companies stepping into the spotlight. Monday’s highlights include Lifco, controlled by Carl Bennet, real estate company Sagax, and technology company Hexatronic.
Hexatronic stands out after issuing a profit warning ahead of its report. The company’s earnings are expected to fall by as much as 24 percent, a dip primarily attributed to weaker profitability within its largest business area, Fiber Solutions.
According to preliminary figures, sales within Fiber Solutions have decreased by 16 percent compared to the same period last year, while EBITDA has fallen by 54 percent. The stock fell almost 30 percent the day after the unexpected profit warning. Monday also brings SEB’s final inflation figures for June.
Key Reports on Tuesday
Tuesday’s focus shifts to telecom giant Ericsson, which, like Sobi and Indutrade, will report during the day. Ericsson’s stock has fallen nearly 15 percent on the stock exchange this year, despite many hoping for a strong recovery in 2025.
The earnings season also begins across the Atlantic, where major banks Citigroup, JP Morgan, and Wells Fargo will report their quarterly results. The same day will see important macroeconomic figures in the form of the US CPI for July, industrial production statistics for the Eurozone, as well as China’s GDP figures and trade statistics.
Wednesday’s Highlights: Banks and More
Wednesday features a direct duel between the Swedish major banks SEB and Handelsbanken. Sandvik and Sweco are also among the companies reporting. From the US, reports are expected from Bank of America, Goldman Sachs, and Morgan Stanley, among others.
During the previous reporting period, all Swedish major banks exceeded profit expectations, but SEB did so with a narrow margin, while credit losses and provisions increased, which put pressure on the stock. Handelsbanken, on the other hand, has risen after four positive quarters in a row.
Both banks are expected to see decreased net interest income for the second quarter. The focus is therefore on how well the banks manage to control costs.
Sweden will also release unemployment statistics from the Swedish Public Employment Service, while the US will publish producer price index and industrial production figures for June.
Thursday: A Packed Day of Reports
Thursday will be a full day of earnings reports with Swedbank, Nordea, ABB, Investor, Volvo, Volvo Cars, and EQT on the agenda.
Regarding Volvo, the market’s attention is primarily focused on comments regarding trade conflicts and the weakness of the dollar, as well as developments in the US, the company’s largest single sales market. In the latest report, the result was clearly weaker than expected, but order intake surprised positively. At the same time, the market forecast for North America was lowered.
Friday’s Finale
The week concludes on Friday with another strong day of earnings reports, with nearly 70 companies reporting their results for the second quarter. Among the companies are Atlas Copco and defense giant Saab.
Atlas Copco noted a decline in earnings in the first quarter of the year and signaled a certain slowdown in customers’ activity in the short term. Now, both revenues, order intake, and operating profit are expected to decrease, and a major focus will be on how the company assesses the impact of tariffs and an uncertain global environment.
Simultaneously, important macro data such as Japan’s CPI, Germany’s producer price index, and US housing starts will be released.
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