The reason for giant losses is that several of the companies operate with equity that is several times greater than the price the market puts on equity, writes Dagens Næringsliv.
Oil downturn gets much of the blame, something chief strategist Peter Hermanrud in Swedbank underlined when he earlier this year predicted that 40 billion will be shaved off from Norwegian companies.
– It mostly comes in the oil and offshore, he said.
A review DN show that so far this year, companies on the Oslo stock Exchange made the following impairments (in billion): BW Offshore: 2.7, PGS: 2.4, Polarcus: 2.1, Rec Silicon: 1.3, Statoil: 10 , 0, TGS: 1.4, Yara: 1.2. Overall: 2.1.
© NTB
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