The Stockholm stock market experienced mixed trading during the week, with the OMXS30 index rising 0.6% on May 20, marking its fourth consecutive day of gains, driven by strong performances from Nibe and SCA, while Saab and H&M lagged. However, the positive streak ended on May 21 when the OMXS30 declined 0.6%, with Nibe falling to the bottom of the index and Asmodee and Bioarctic emerging as report winners. On May 22, the market further declined by 1.8%, with Embracer dropping 17% due to a weak forecast, although Saab was the only OMXS30 stock to gain that day. Asmodee, a board game company, reported over 20% organic growth in the first quarter, exceeding expectations in revenue and adjusted EBITDA. CEO Thomas Kœgler highlighted the impact of U.S. tariffs imposed under the Trump administration, noting that customers anticipate price increases. The company's strongest segment is collectible cards, though it faces risks due to reliance on a limited number of external partners. Embracer Group announced plans to spin off its game studio Coffee Stain Group, aiming to distribute the shares to existing shareholders and list Coffee Stain on the First North stock exchange. Following this announcement and a mixed quarterly report, Embracer's shares plunged, with CEO Lars Wingefors acknowledging the company has become a negative example in the market. Wingefors indicated openness to further sales and acquisitions to reshape the business. In other corporate news, Cinclus Pharma, a pharmaceutical development company, signed a commercialization agreement with Zentiva for Europe, which led to a sharp increase in its stock price. Stora Enso also saw gains following the sale of forestry assets. Overall, market sentiment was affected by renewed concerns over interest rates.
↓ OMXS30 -1,8% | Kräftgången fortsatte i Stockholm • Saab enda OMXS30-bolag på plus • Embracer rasade 17 procent på svag prognos https://t.co/rVjpHS6J29 📷📷📷
Embracer fick ett hårt bemötande på börsen, trots en stark rapport. Bolagets vd Lars Wingefors diskuterar, tillsammans med EFN:s @EkonomiGabriel, de framåtblickande prognoser som antas ligga bakom aktiemarknadens hårda dom. https://t.co/mkl0uoH1Vf
Asmodee presenterar ett starkt kvartal med över 20% organisk tillväxt. Bäst går det inom samlarkort där bolaget är beroende av fåtal externa partners, vilket kommer med vissa risker. Zetterberg synar korten i $ASMDEE https://t.co/x2LfrJpWVn