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May 12, 2011

Volvo China marriage bearing fruit after troubled honeymoon

BEIJING/GOTEBORG (Reuters) – When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China’s largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: “Same bed, different dreams”.

Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world’s largest auto market.

May 12, 2011

Analysis: Volvo China union bearing fruit after rocky honeymoon

BEIJING/GOTEBORG (Reuters) – When Geely Auto snapped up Swedish car maker Volvo last year in what was to be China’s largest auto acquisition, the uneasy marriage might have best been described by the Chinese saying: “Same bed, different dreams”.

Nine months later, the strategy differences which marked the early stage of the partnership appear to have been smoothed over and Volvo is beginning to make inroads in the world’s largest auto market.

May 10, 2011

Hexagon Q1 margin tops forecast, sees strong demand

STOCKHOLM, May 10 (Reuters) – Measurement technology group
Hexagon AB (HEXAb.ST: Quote, Profile, Research, Stock Buzz) posted a stronger-than-expected
first-quarter operating margin and repeated its forecast for
strong demand in all markets this year, sending its shares up.

The Swedish company said its operating margin rose to 20.1
percent at fixed exchange rates in the seasonally weak first
quarter to top the 19.7 percent seen in a Reuters poll of
analysts as well as the year-ago figure of 16.5 percent.

May 5, 2011

IMF cautions on Iceland controls, recovery on track

STOCKHOLM, May 5 (Reuters) – The International Monetary Fund
said on Thursday Iceland’s economic recovery remained on track
despite uncertainty due to its rejection of a deal on repaying
debt, but that a loosening of capital controls could be delayed.

Mission Chief Julie Kozack said that conditions for
gradually removing the capital controls, introduced during
Iceland’s financial meltdown to shelter the battered currency,
were largely in place, but noted delays might still occur.

May 3, 2011

Sandvik Q1 margin misses forecast, shares fall

STOCKHOLM, May 3 (Reuters) – Tool and machinery maker
Sandvik’s (SAND.ST: Quote, Profile, Research, Stock Buzz) first-quarter operating margin was blown
south of analysts’ forecasts by currency headwinds, sending its
shares down more than 4 percent.

The weaker-than-expected profitability at Sandvik, in its
first year under new Chief Executive Olof Faxander, breaks the
mould after sector peers such as Atlas Copco (ATCOa.ST: Quote, Profile, Research, Stock Buzz) and SKF
(SKFb.ST: Quote, Profile, Research, Stock Buzz) posted margins well above forecast in recent weeks.

Apr 27, 2011

Volvo, Scania ride upturn, Q1 margins top forecasts

STOCKHOLM (Reuters) – Volvo (VOLVb.ST: Quote, Profile, Research, Stock Buzz) and Scania (SCVb.ST: Quote, Profile, Research, Stock Buzz), two of Europe’s biggest truck makers, underscored the sharp rebound in the global truck market on Wednesday and reassured investors worried over cost pressures with forecast-beating margins.

The highly cyclical heavy-duty truck market has picked up strongly in recent quarters, with growth spreading out of emerging markets in Asia and Latin America to more mature markets on both sides of the North Atlantic.

Apr 27, 2011

Volvo ups outlook as Q1 margin defies cost rise

STOCKHOLM (Reuters) – World number two truck maker Volvo AB (VOLVb.ST: Quote, Profile, Research, Stock Buzz) rolled out proof of surging market demand on Wednesday and reassured investors worried about cost pressures with forecast-beating profit margins.

The highly cyclical heavy-duty truck market has picked up strongly in recent quarters, with growth spreading out of emerging markets in Asia and Latin America to more mature markets on both sides of the North Atlantic.

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.