Full-year earnings at Swedish owner Stena AB are set to soar past the $1bn mark after a strong 2022.

One of Sweden’s largest private companies, the owner said in a trading update that Ebitda is forecast to be SEK 14bn ($1.32m) in the 12 months to 31 December, compared to SEK 9bn for 2021.

This reflects “the continued strong performance of the business”, which has been in line with its nine-month results.