Oslo Børs faller

Oslo Børs index dropped 0.2% from its opening on Tuesday. Oil prices, specifically Brent spot, rose 0.55% to around $116 per barrel since midnight. For live updates of individual stocks, visit E24's market service. Vend, a leading company that has faced AI concerns on the stock market this year, presented its third-quarter figures on Tuesday, which saw the share rise by around 5%.

Operating profit (EBITDA) stood at 711 million kroner, up from 640 million kroner in the third quarter of the previous year. Net profit reached 4.47 billion kroner, up from a loss of 635 million kroner the previous year, due to the company writing up the value of its 3.9 billion kroner ownership stake in Adevinta. Vend now plans to cut costs outside of raw material and services purchases by around 250 million kroner in 2026 compared to 2025, compared to earlier forecasts of a 150 million kroner reduction.

Fearnley Securities analyst Håkon Nelson highlighted cost cuts as the most positive aspect of the report, expecting a stock price increase from the opening of the day. Nelson believes the quarter shows Vend continuing to deliver cost cuts and margin improvements, while underlying market growth remains strong. Vend also announced that revenue growth in the mobility segment for 2026 is expected to fall in the lower range of the five to ten percent interval.

Olav Rødevand, an analyst at Pareto Securities, believes the report weakens several key arguments against the stock and reduces the risk associated with the company's prospects, according to an update. He expects the stock to rise by more than ten percent on Tuesday and maintains his buy recommendation. Additional stock news arrived early Tuesday morning.