Niklas's Feed
Apr 25, 2014

Sandvik shares drop as mining gloom squeezes margins

STOCKHOLM, April 25 (Reuters) – Swedish engineering group
Sandvik AB suffered a further drop in demand for
mining equipment in the first quarter, the company said on
Friday, highlighting the impact of a squeeze on investment in
the mining industry in response to weak metals prices.

Sandvik shares were down 3.3 percent at 92.25 crowns by
1237 GMT, making them the top loser in the STOXX Europe 600
Industrial Goods & Services Index. The decline knocked
the stock from an 11-month high reached the previous session.

Apr 25, 2014

Volvo shares at three-year high as U.S. sales accelerate and cost cuts kick in

STOCKHOLM (Reuters) – World number two truck maker Volvo AB (VOLVb.ST: Quote, Profile, Research, Stock Buzz) raised its outlook for the North American market and reported the first savings from a drive to cut costs across the sprawling group, sending its shares to their highest in nearly three years.

Truck makers are heading into 2014 with U.S. demand gaining pace, while an anticipated hangover in Europe following a buying spree of older but cheaper trucks ahead of new emission rules is offset by a firmer economy and a growing need to replace ageing fleets.

Apr 25, 2014

Volvo raises North America outlook after first-quarter profit rise

STOCKHOLM (Reuters) – World number two truck maker Volvo (VOLVb.ST: Quote, Profile, Research) raised its outlook for the North American market on Friday after posting an expected rise in quarterly earnings as firmer demand in its main markets offset lingering costs for a vast renewal of its model range.

Truck makers are heading into 2014 with U.S. demand picking up strongly while an anticipated hangover in Europe from a buying spree of older but cheaper trucks ahead of new emission rules is tempered by an improving underlying economy and a growing need to replace ageing fleets.

Apr 25, 2014

Volvo raises North America outlook after Q1 profit rise

STOCKHOLM, April 25 (Reuters) – World number two truck maker
Volvo raised its outlook for the North American
market on Friday after posting an expected rise in quarterly
earnings as firmer demand in its main markets offset lingering
costs for a vast renewal of its model range.

Truck makers are heading into 2014 with U.S. demand picking
up strongly while an anticipated hangover in Europe from a
buying spree of older but cheaper trucks ahead of new emission
rules is tempered by an improving underlying economy and a
growing need to replace ageing fleets.

Apr 24, 2014

Big Scania investor backs VW bid for Swedish truckmaker

STOCKHOLM, April 24 (Reuters) – Swedish pension funds group
Swedbank Robur said it would accept Volkswagen’s
offer for the shares in truck maker Scania it does not
already own, improving the prospect that the bid may go through
despite strong opposition.

Swedbank Robur is the fourth-largest owner of Scania shares
measured by capital with a 1.9 percent stake. Its decision on
Thursday comes a day after Alecta, the number three owner, said
it was spurning the German carmaker’s 60 billion Swedish crown
($9.1 billion) bid

Mar 21, 2014

Volvo sees growth for all main car markets in 2014

STOCKHOLM (Reuters) – Geely-owned Volvo Car Group returned to a solid profit last year as firmer sales, above all in China, and a firm lid on costs helped it overcome a weak start to 2013 and lingering weakness in the U.S. market.

The company, one of Sweden’s biggest by sales and number of employees, is banking on strong sales of increasingly locally-made Volvos in China to reach a target of roughly doubling sales by 2020 and securing its future in a cut-throat car industry.

Mar 21, 2014

Volvo Cars pares costs to chalk up robust profit in 2013

STOCKHOLM, March 21 (Reuters) – Geely-owned Volvo Car Group
returned to a solid profit last year as firmer sales, above all
in China, and a firm lid on costs helped it overcome a weak
start to 2013 and lingering weakness in the U.S. market.

The company, one of Sweden’s biggest by sales and number of
employees, is banking on strong sales of increasingly
locally-made Volvos in China to reach a target of roughly
doubling sales by 2020 and securing its future in a cut-throat
car industry.

Mar 18, 2014

Independent Scania board members reject Volkswagen bid

STOCKHOLM (Reuters) – Scania’s minority shareholders should reject Volkswagen’s 6.7 billion euro (£5.61 billion) bid, the Swedish truckmaker’s independent directors said, underlining a deep rift within the company.

The recommendation by the members of Scania’s board with no direct links to VW is a setback for the German automaker, which is trying to forge a closer-knit trucks group capable of taking on market leaders Daimler and Volvo.

Mar 18, 2014

Independent Scania board members reject VW bid

STOCKHOLM, March 18 (Reuters) – Scania’s minority
shareholders should reject Volkswagen’s 6.7 billion euro ($9.3
billion) bid, the Swedish truckmaker’s independent directors
said, underlining a deep rift within the company.

The recommendation by the members of Scania’s board with no
direct links to VW is a setback for the German
automaker, which is trying to forge a closer-knit trucks group
capable of taking on market leaders Daimler and Volvo
.

Mar 7, 2014

Getinge stock hit by profit warning as costs to bolster quality mount

STOCKHOLM, March 7 (Reuters) – Medical technology group
Getinge AB has warned of a sharp fall in
first-quarter earnings and said it faced more than a year of
heavy spending to boost its quality controls, sending its stock
down nearly 20 percent to an 11-month low.

The profit warning is the third in just over a year from the
Swedish company, a maker of surgical theatre equipment such as
products for heart surgery and anaesthesia, and the company’s
chief admitted executives may have failed to manage effectively
following rapid growth in recent years.