Niklas's Feed
Jul 18, 2014

Sluggish Europe, Chinese construction woes dent Volvo profits

STOCKHOLM (Reuters) – Truck maker AB Volvo (VOLVb.ST: Quote, Profile, Research) posted core earnings well below expectations on Friday as it struggled with slow demand for European trucks at the start of the second quarter and a weakening market for construction equipment in China.

The profit miss raises pressure on Sweden’s biggest company by sales – and the country’s top private sector employer – to show that a sweeping three-year plan to boost profitability is starting to boost its bottom line significantly.

Jul 18, 2014

Slow European recovery takes shine off Volvo second-quarter profit rise

STOCKHOLM (Reuters) – Global truck maker Volvo posted a smaller than expected rise in core earnings on Friday as a slower than expected pick-up in demand in its biggest market, Europe, had left it with over-capacity in its production.

But the company, Sweden’s biggest by sales and top private sector employer, also said it was slightly ahead of plan with efforts to secure better prices for its trucks and bolster profit margins in its biggest unit.

Jul 18, 2014

Slow European recovery takes shine off Volvo Q2 profit rise

STOCKHOLM, July 18 (Reuters) – Global truck maker Volvo
posted a smaller than expected rise in core earnings
on Friday as a slower than expected pick-up in demand in its
biggest market, Europe, had left it with over-capacity in its
production.

But the company, Sweden’s biggest by sales and top private
sector employer, also said it was slightly ahead of plan with
efforts to secure better prices for its trucks and bolster
profit margins in its biggest unit.

Jul 16, 2014

Atlas Copco shares at record after CEO spies positive signs

STOCKHOLM, July 16 (Reuters) – Mining equipment and
compressor maker Atlas Copco AB said it had detected
more a more optimistic tone in the mining sector, raising the
prospect of a recovery in the industry from a two-year slump and
sending its shares to a record high.

The Swedish company’s mining customers have been retrenching
after a decade of heady expansion, as softer metals prices and
an investor backlash at the scale of investment forced major
players such as Rio Tinto and BHP Billiton to
slash billions of dollars in spending.

Jun 4, 2014

Swedish car safety pioneer Autoliv bucks margin trend

STOCKHOLM, June 4 (Reuters) – Based in high-cost Sweden and
serving a global auto industry notorious for forcing down
prices, Autoliv , the world’s top car safety
equipment maker, still achieves margins that some of its
customers and rivals can only dream of.

To defend its position as car safety undergoes a revolution
that will see the introduction of night vision and crash
avoidance systems – so-called active safety technology – Autoliv
is betting on its do-it-yourself approach to research and
development and to production.

May 30, 2014

Surprise drop in Swedish growth fuels rate cut expectations

STOCKHOLM (Reuters) – An unexpected contraction in the Swedish economy in the first quarter of 2014 due to subdued exports and lower inventories fueled expectations that the central bank will cut interest rates at its next policy meeting in July.

Unexpectedly weak growth also highlighted the country’s dependence on its vast export industry, including global blue chips Volvo and Ericsson, which face lackluster demand across much of Europe – its top market.

May 14, 2014

Oscar winner Bendjelloul, director of ‘Sugar Man,’ dies at 36

STOCKHOLM (Reuters) – Swedish film director Malik Bendjelloul, whose documentary “Searching for Sugar Man” won an Oscar last year, has killed himself, his family said, triggering tributes for a man who “chased the world for stories to tell.” He was 36.

Police said Bendjelloul died late Tuesday in the Stockholm area. His brother later confirmed local media reports that he had committed suicide.

May 14, 2014

‘Searching for Sugar Man’ director commits suicide aged 36

STOCKHOLM (Reuters) – Swedish film director Malik Bendjelloul, whose documentary “Searching for Sugar Man” won an Oscar last year, has killed himself, his family said, triggering tributes for a man who “chased the world for stories to tell”.

Police said Bendjelloul, who was 36, had died late on Tuesday in the Stockholm area. His brother later confirmed local media reports that he had committed suicide.

May 14, 2014

‘Searching for Sugar Man’ director dead at 36

STOCKHOLM, May 14 (Reuters) – Swedish film director Malik
Bendjelloul, whose documentary “Searching for Sugar Man” won an
Oscar last year, has died aged 36, triggering tributes for a man
who “chased the world for stories to tell”.

Police said Bendjelloul had died late on Tuesday in the
Stockholm area but declined to give further details. His brother
Johar Bendjelloul told a Swedish newspaper he had committed
suicide but the report could not be independently confirmed.

May 13, 2014

‘Searching for Sugar Man’ director Malik Bendjelloul dies at age 36

STOCKHOLM (Reuters) – Malik Bendjelloul, the director of Oscar-winning documentary “Searching for Sugar Man,” died on Tuesday evening in the Stockholm area, police said. He was 36.

Stockholm police declined to provide any further details about Bendjelloul’s death.