Niklas's Feed
Apr 20, 2011

Atlas Copco rides mining boom to record margin

STOCKHOLM, April 20 (Reuters) – Compressor and machinery
maker Atlas Copco (ATCOa.ST: Quote, Profile, Research, Stock Buzz) hit a record operating margin in
the first quarter, driven by a booming mining industry where it
expects demand to stay strong.

Atlas Copco, which makes a wide range of compressors and
mining and construction equipment, said orders shot up 33
percent organically to 21.7 billion crowns ($3.50 billion) as
demand bounces back from the depths of the global financial
crisis.

Apr 19, 2011

SKF reassures on margin with strong Q1, shares jump

STOCKHOLM (Reuters) – SKF AB, the world’s top bearings maker, allayed fears that rising raw materials prices were set to hit profitability, posting a first-quarter operating margin that blew past market forecasts.

The Swedish manufacturing bellwether also forecast already strong market demand was set for a further slight improvement, as surging sales volumes lifted first-quarter pretax earnings more than expected, sending its shares up nearly 7 percent.

Apr 19, 2011

SKF reassures on margin with strong first quarter

STOCKHOLM, April 19 (Reuters) – SKF AB (SKFb.ST: Quote, Profile, Research, Stock Buzz), the
world’s top bearings maker, allayed fears that rising raw
materials prices were set to hit profitability, posting a
first-quarter operating margin that blew past market forecasts.

The Swedish manufacturing bellwether also on Tuesday
forecast already strong market demand was set for a further
slight improvement, as surging sales volumes lifted
first-quarter pretax earnings more than expected, sending its
shares up nearly 6 percent.

Apr 18, 2011

Antonov lines up bank for Saab deal -representative

STOCKHOLM, April 18 (Reuters) – Russian businessman Vladimir
Antonov has lined up an independent European bank to handle
payments in a planned deal to buy property from Spyker-owned
(SPYKR.AS: Quote, Profile, Research, Stock Buzz) Saab and provide the carmaker with much-needed cash.

Sweden last week gave its conditional backing for a deal to
free up cash for Saab whereby Antonov would buy real estate from
the struggling carmaker, but demanded that any payments take
place through a European bank without links to the buyer.

Apr 8, 2011

No solution yet for stalled Saab’s cash woes

STOCKHOLM, April 8 (Reuters) – Talks to find ways to end a
cash crunch at carmaker Saab have been unsuccessful so far, the
Swedish Debt Office said on Friday of efforts to find funds to
meet unpaid supplier bills and get output going again.

A Swedish business daily reported that Dutch owner Spyker
(SPYKR.AS: Quote, Profile, Research, Stock Buzz) was trying to release some of the collateral pledged
against state-guaranteed loans to raise funds to meet the unpaid
bills.

Mar 25, 2011

Sweden SocDems elect leader, seek way out of crisis

STOCKHOLM, March 25 (Reuters) – Sweden’s opposition Social
Democrats elected a new leader on Friday to try to revitalise
the party after two straight election defeats, but the little
known party insider warned members that there was no quick fix.

Hakan Juholt, 48, was elected at an extraordinary congress
of the Social Democrats, who dominated Swedish politics for most
of the post-war era. The party is the largest in parliament but
only by a thin margin after losing to a resurgent centre-right.

Mar 17, 2011

Japan supply squeeze worries spread to telco gear

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers joined automakers in warning of a damaging supply squeeze as the impact of Japan’s devastating earthquake spreads, adding to fears in a sector hampered by shortages.

Japan, home to around a fifth of the world’s semiconductor production, has seen factories making everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers to feel Japan supply squeeze

STOCKHOLM/HELSINKI (Reuters) – Top mobile telecom equipment makers Ericsson and Alcatel-Lucent are braced for a supply squeeze following Japan’s earthquake, adding to fears for a sector hampered by shortages.

Japan, a dominant chip industry player with around a fifth of the world’s semiconductor production, has seen factories producing everything from chips to car parts closed following Friday’s earthquake, threatening supplies to manufacturers across the globe.

Mar 16, 2011

Telecom gear makers raise Japan supply chain fears

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment makers Alcatel-Lucent (ALUA.PA: Quote, Profile, Research) and Ericsson
(ERICb.ST: Quote, Profile, Research) said Japan’s earthquake would hit the supply of
components, adding to concerns about a sector already hampered
by shortages.

Japan, a dominant chip industry player with around a fifth
of the world’s semiconductor production, has seen factories
producing everything from chips to car parts closed following
Friday’s earthquake. [ID:nL3E7EF450]

Mar 16, 2011

Ericsson raises Japan supply chain concerns

STOCKHOLM/HELSINKI, March 16 (Reuters) – Top mobile telecom
equipment maker Ericsson (ERICb.ST: Quote, Profile, Research, Stock Buzz) warned that Japan’s
devastating earthquake would hit the supply of components,
adding to concerns about a sector already hampered by shortages.

Japan, which is a dominant chip industry player with around
one-fifth of the world’s semiconductor production, has seen
factories producing everything from chips to car parts closed
following Friday’s huge earthquake and tsunami.[ID:nL3E7EF450]