February 5, 2015 / 7:09 AM / 3 years ago

NORDIC STOCKS - Factors to watch on Feb 5

HELSINKI, Feb 5 (Reuters) - The following stocks may be affected by newspaper reports and other factors on Thursday:

DNB

The Norway's largest bank reported fourth-quarter pretax earnings before loan losses below forecasts but raised its dividend more than expected as it predicted loan losses for the year below normal levels.

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NOKIAN RENKAAT

The Finnish winter tyre specialist reported its fourth-quarter profits fell less than expected and proposed an annual dividend above the market consensus.

Nokian said it expected its sales and profit, with stable exchange rates, to decline slightly this year, and that its first-quarter profit would fall clearly year-on-year due to the delayed start of winter tyre sales in Russia.

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YIT

The Finnish constuction group reported falling results and halved its dividend proposal from last year due to the fall in the rouble and weak demand in its key markets.

YIT estimated its sales growth would be between negative 5 percent and plus 5 percent this year, while its core operating margin is expected to fall.

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VOLVO

Global truck maker Volvo raised its outlook for truck markets on both sides of the North Atlantic after an expected fourth quarter rise in core earnings fizzled in the face of weak demand for construction equipment.

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GENMAB

GlaxoSmithKline said it would sell its 7.9 percent stake in Genmab because it was no longer a core asset after the British pharmaceutical giant sold its cancer drug portfolio. GSK announced the sale after positive trials by Genmab which may lead to the launch of a blockbuster drug, analysts said.

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NORECO

The board of Norwegian oil firm Noreco late on Wednesday proposed converting only a part of its outstanding debt to equity after it was unable to get sufficient backing for an initial proposal made in December.

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Additional reporting by Copenhagen, Oslo and Stockholm newsrooms Reporting by Helsinki Newsroom

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