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Getinge announces preliminary results for 2012 and gave a profit warning
Friday, 11 January 2013
Demand for the Getinge Group’s products weakened during the final quarter of 2012, which had an adverse impact on orders received and invoicing volume. The company has been forced to give profit warning for full year 2012.

H & M AB & Other Stories to launch in ten European countries
Wednesday, 09 January 2013
The new fashion brand & Other Stories, within the H&M group, will launch its first collections during spring in seven cities and through an online store on in ten European countries.

Alfa Laval wins SEK 60 million marine environmental order

Wednesday, 09 January 2013
Alfa Laval has won its first order to supply Alfa Laval PureSOx exhaust gas cleaning systems, the company announce in a press release.

Swedbank appoints to Tomas Hedberg new CEO of Swedbank Robur

Wednesday, 09 January 2013
Tomas Hedberg has been appointed CEO of Swedbank Roburn, Swedbank said in a press release.

Atlas Copco to acquire MEYCO, broadens offering for tunneling and mining

Friday, 21 December 2012
Atlas Copco (Schweiz) AG has agreed to acquire the Switzerland-based MEYCO Equipment business from BASF Construction Chemicals Europe AG. The acquisition broadens Atlas Copco’s offering with mobile equipment for applying sprayed concrete (shotcreting) in underground operations.

Loomis is expanding its co-operation with Bankomat AB – now responsible for 2,000 ATMs

Thursday, 20 December 2012
Loomis has expanded its co-operation with bank-owned, Bankomat AB, in Sweden, meaning that Loomis will manage all of Bankomat AB’s approximately 2,000 ATMs.

Alfa Laval wins groundbreaking marine environmental order from MAN Diesel & Turbo

Wednesday, 19 December 2012
Alfa Laval has won the first commercial order from MAN Diesel & Turbo to supply Alfa Laval PureNOx water treatment systems to be integrated in a process to reduce harmful nitrogen oxides (NOx) emission onboard vessels, the company said in a press release.

H&M reports stronger than expected sales

Monday, 17 December 2012
H&M Group total sales including VAT in local currencies increased by 7 percent In November 2012, compared to the same month the previous year.

H&M to launch global clothes collecting and recycling initiative

Thursday, 06 December 2012
Hennes & Mauritz AB, the Swedish clothing retailer, said on Thursday that customers will be able to hand in their used garments in all 48 markets in selected H&M stores worldwide as of February next year.  

Alfa Laval wins another large solar power order, this time in South Africa

Wednesday, 05 December 2012
Alfa Laval  has received an order from Abengoa to supply Alfa Laval Packinox heat exchangers to a concentrated solar power plant in South Africa. Delivery is scheduled to be finalized in 2014.

Autoliv Expands in Indonesia

Wednesday, 05 December 2012
To meet its strong order intake in Asia, Autoliv has opened a new seatbelt plant in Cibitung near Jakarta, Indonesia.

ABB wins solar power orders worth $225 million to boost South Africa’s renewable program

Tuesday, 04 December 2012
ABB has won orders for solar power projects in South Africa to a value of $225 million dollars (about Skr1.49 billion).

AkzoNobel knock off 54 jobs in Malmö

Tuesday, 04 December 2012
Paint manufacturer AkzoNobel is laying off 54 employees on notice at the plant in Malmö. The notice affects both temporal and full time employees as well as the management sectors.

Sweden's depressed economy continue to show in the corporate sector as bankruptcies grew in November

Tuesday, 04 December 2012
In November 567, companies went bankrupt in Sweden, a slight increase compared to November last year, when 550 companies went bankrupt.

Heavy fall in Swedish business start-ups

Monday, 03 December 2012
Business start up in Sweden fell by 17.5 percent in November compared with the same month last year, according to figures from the Swedish Companies Registration Office, Bolagsverket.

Restructuring, Swedish Engineering group, Sandvik shed 1500 jobs

Wednesday, 28 November 2012
To show that the market is not working well, Sandvik, the Swedish an engineering group in tooling, materials technology, mining and construction is now working  to save Skr1 billion. This means that some 1500 people will be removed from the company's operation when it launches its most ambitious savings program.

Atlas Copco wins significant order in Colombia

November 27, 2012:
Atlas Copco has won an order valued at about MUSD 10 (MSEK 70), to supply equipment for the second phase of Colombia’s largest hydropower project, Ituango. The contract is the biggest received by Atlas Copco Colombia in its 26 years of operation.

SAS top executives were paid bonuses to stay as the company while workers were forced into pay cuts and lay offs

Friday, 11 January 2013sas
Anger and consternation from the workers and union officials as it emerged that top officials of SAS received huge bonuses while ground workers have been forced to take pay cuts and depressed working conditions as well as layoffs in a bid for the company to survive.

Saab car production to resume some time this year -  Nevs aims to build thousands of Saab cars in Sweden this year
Thursday, 10 January 2013saab
Fresh report out this morning say that this year aiming Nevs, the company that own Saab automobile, is planning on building around the 8000 Saab 9-3 cars and the company is said to start production in late August, 2013, Radio Sweden reports

How the U.S. budget movement will press down some Swedish firms - just more pain from the so - called secure markets

Tuesday, 08 January 2013
The U.S. budget deal that came about during the New Year meant bad news for the Swedish pharmaceutical company, Elekta. According to the budget deal, the state reimbursement to clinics that use gamma knife, meaning Elekta Gamma Knife, which is used specifically for the treatment of brain metastases, was dragged down.

TeliaSonera management called to take responsibility and those responsible for the scandals to resign

Tuesday, 08 January 2013
TeliaSonera, the telecom giant owned by the Swedish and Finnish governments has been going through a period of bad press in recent. The background to this has to do with the poor management and strategic practises carried out by the company, in association with its supposed investment in Uzbekistan.

Alfa Laval wins SEK 50 million energy efficiency order in South Africa

Tuesday, 08 January 2013
Alfa Laval has won an order from Wärtsilä to supply Alfa Laval Aalborg waste  heat recovery system to a gas-fired power plant in South Africa. The order, booked in the Marine & Diesel Equipment segment late December 2012, has a value of approximately SEK 50 million. Delivery is scheduled for 2013.

Swedish Bankruptcies rose in 2012 and the future still looks bleak

Tuesday, 08 January 2013
The level of Swedish corporate bankruptcies reached 10 percent more in 2012 than in 2011, data from credit information company UC out on Tuesday show. The future of the Swedish corporate sector, especially the smaller and medium size companies still look bleak.

Alfa Laval acquires leading provider of niche heat transfer products to the North American natural gas market

Monday, 07 January 2013
Alfa Laval has announced that it has acquired the US-based company Air Cooled Exchangers, LLC (ACE), a leading manufacturer of custom-engineered air-cooled heat exchangers, used to cool air, natural gas, oil and water in the natural gas market as well as other energy-related end markets.

Another Swedish based pharmacy leaps into bankruptcy

Monday, 07 January 2013
The Board of the company that managed pharmacy Orpheus in central Stockholm has declared the company bankrupt.

SAS presses with Ryanair accusing it of cheating

Monday, 07 January 2013
Scandinavian Airway System, SAS, has got into a muddle with low cost carrier, Ryanair accusing it of cheating in reporting it true passenger weighting. This means that if it turns to be true, Ryanair risk a heavy fine.  

Swedish PMI for services rose to 49.1 in December as the decline in services activity slowed

Friday, 04 January 2013
The Swedish Purchasing managers' index for the services sector (PMI - services) rose in December by 2.8 index points to 49.1 compared with 46.3 in November. This means that the decline in the service sector sought of stagnated.

Evidence that Telia-Sonera Top officials knew about corrupt operation with Uzbek dictator's daughter

Thursday, 03 January 2013
There has emerged written evidence that people in high places in Swedish Finnish telecom giant, TeliaSonera were aware of negotiations with the Uzbek dictator's daughter, Gulnara Karimova, as they sought to invest in the country.

Energy giant's carbon capture technique became a flop

Thursday, 03 January 2013
A technological failure alert has been raised by Swedish state owned energy company Vattenfall where a strategy to capture and store carbon dioxide seem to have failed.

Atlas Copco wins large orders for mining equipment in Latin America

Friday, 28 December 2012
Atlas Copco has won two large orders from mining customers in South and Central America, worth a total MUSD 30 (MSEK 210).

Who are the real Swedish patriots? Who pays the most taxes in Sweden?

Wednesday, 26 December 2012
2012 will go down as one of the years where governments have been struggling to cull back taxes from the rich after it turned out that most of them had advanced methods to avoid taxes.

EQT to acquire US Westway Group, premier provider of bulk liquid storage

Friday, 21 December 2012
Swedish Private Equity fund,  EQT said on Friday it would launch a public tender offer to buy U.S.-listed liquid storage provider Westway Group, Inc. (WWAY) for about $419 million.

Swedish energy giant Vattenfall sues German government for billion over nuclear power policy

Friday, 21 December 2012
Swedish energy giant Vattenfall sues German government for billion over the German's nuclear power policy which means that Vattenfall had to close some of its reactors.

Karolinska Development sells 13 companies

Friday, 21 December 2012
Research  and development company, Karolinska Development AB announced today that a syndicate led by the life science investor,  Rosetta Capital Limited (“Rosetta”) will acquire a minority share in Karolinska Development’s holdings in 13 of its 25 portfolio companies for Skr 220 million.

Swedish financial market Minister, Norman condemns Vattenfall - Nuon purchases

Thursday, 20 December 2012
Swedish state owned Energy company, Vattenfall has come under intense attack from the Swedish minister of Financial Markets, Peter Norman who has  condemns the company's acquisition of Dutch company, Nuon in 2009 for Skr90 billion.

MTG completes acquisition of remaining shares in TV 2 Sport in Denmark

Thursday, 20 December 2012
Modern Times Group MTG AB, Sweden, today announced that it has completed the acquisition of the remaining 49% of the shares in the Danish joint venture company TV 2 Sport A/S (‘TV 2 Sport’) from TV 2 DANMARK A/S (‘TV 2 Denmark’).

Norwegian wealth fund, the Oil Fund acquires logistics property close to Nkr9 billion

Thursday, 20 December 2012
The Norwegian wealth fund, popularly known as the oil fund has bought half of a portfolio of logistics properties for about Nkr8.9 billion, reports the fund in a press release.

Credit rating organisation, Moody's praises Swedish bank, SEB

Thursday, 20 December 2012
The initiative from SEB, with its CEO Annika Falkengren, requiring that new mortgage customers amortise their housing loans that exceed 70 percent of the value of their properties over a period of up to 60 years are credit positive.

Sweden's largest investors appoint Swedbank Large Corporates & Institutions as the leading credit institution

Thursday, 20 December 2012
Sweden's largest investors (tier 1) ranked Swedbank's Large & Institutions (LC&I) as the country's best in credit products and credit research, in Prospera's annual survey.

Ericsson report weak financial performance and relations with ST-Ericsson

Thursday, 20 December 2012
Ericsson today announced that it will take a non-cash charge of approximately Skr8billion in Q4, 2012 related to its 50 percent stake in ST-Ericsson. The total effect on Ericsson Group Net Income Q4, 2012, is approximately Skr -8 billion (non-cash), with no tax effect.

Norwegian energy giant, Statoil makes large purchase in the U.S.

Wednesday, 19 December 2012
Norwegian oil and gas giant, Statoil said Wednesday it had made a purchased 280,000 square kilometers or 70,000 acres of shale gas acreage in the U.S. Marcellus area for Nkr3.3 billion ($590 million).

Forestry Company SCA, to cut hundreds jobs as it restructure its business while also making some investment

Wednesday, 19 December 2012
Cost-cutting of approximately 200 people involved in Forestry Company SCA will occur as cut down in it their activities start taking a bite. But the company also wants to invest in its energy sector in Sweden

SAS' crisis plan agreement in trouble waters as claims emerged of back stabbing

Tuesday, 18 December 2012SAS
Scandinavian airliner (SAS) which recently agreed with the Unions so that it could resume operation seems to be heading towards the rocks. It is claimed that the agreement with the SAS and the Union was done behind the backs of the union's unanimous agreement.

Alfa Laval wins SEK 50 million natural gas order in Australia

Tuesday, 18 December 2012
Alfa Laval has won an order to supply compact heat exchangers to an LNG plant (Liquefied Natural Gas) in Australia. The order is worth approximately SEK 50 million and delivery is scheduled to take place in 2013 and 2014, the company announced in a press release.

Volvocar Corporation warns of more job cuts to come despite its recent ambitious growth plan

Tuesday, 18 December 2012
Volvocar Corporation is not feeling good about the current situation its operations are going at this moment and through its new CEO Hakan Samuelsson, it now saying that it expects to have further reduced the size of the organization.

Subcontractors and part suppliers to Volvo cars denied bank loansVolvocar-production

Sunday, 16 December 2012
Several major suppliers  and subcontractors to Volvo Cars corporation have been denied loans aimed at helping them develop future car models.

Swedish pharmacies are being investigated for illegal sales of medication

Friday, 14 December 2012
Swedish Pharmacies are being investigated for illegal trading of drugs and related items abroad.

Norwegian wants to make a move to Sweden if government remains inflexible to working methods

Friday, 14 December 2012
Budget airline, Norwegian has been criticized for wanting to operate the new long-haul routes with foreign personnel. But without workers living abroad they can not be profitable, Norwegian manager Bjørn Kjos, believes.

Renault withdraws from Volvo and sells everything

Thursday, 13 December 2012
AB Volvo's largest shareholder, French Renault, is leaving the truck company. On Wednesday evening, Renault with the help of Carnegie and Goldman Sachs, sold all of its 138.6 million A class shares.

Saab Automobile bankruptcy administrators seeking Skr129 million

Thursday, 13 December 2012
Saab Automobile's bankruptcy administrators have applied to the Vänersborg district court in Sweden requesting over Skr129 million in advance fees for their work until 31 October this year in breaking and selling the bankrupt Swedish car maker, Saab.

Disappointing as SAS makes a billion Krona Loss

Wednesday, 12 December 2012
Troubled Scandinavian airlines system, SAS, reports a loss before tax of Skr1.3 billion in its financial statements for 2012 in the fiscal year from January to October.

Boeing emerging as a new threat to Saab Gripen business in Brazil

Tuesday, 11 December 2012
Swedish military hardware maker, Saab has been hoping that at least Brazil will consider its Jas Gripen New Generation as its preferred fighter jet. But it turns out that the big boys of Boeing have emerged the front Runner pushing Saab to the rear.

Over priced, IKEA can't find a buyer for its optical company, Synsam

Tuesday, 11 December 2012
Investment company, Alipes, funded by the Inter Ikea and Ikano, begin a sales process for optics optician chain, a deal that could fetch more than Skr4 billion. But  the venture capital firms is failing to find a buyer for the optics optician chain. The reason: the price is too high.

Changes in strategy Ericsson forces Ericsson out of joint venture with Europe's largest semiconductor maker

Monday, 10 December 2012
Ericsson (NASDAQ:ERIC) today announced that it will continue to work together with STMicroelectronics (NYSE:STM) to find a suitable strategic solution for the two companies Joint Venture ST-Ericsson. STMicroelectronics has today announced its intention to exit as a shareholder in ST-Ericsson.

Swedish Engineering sector fears strong economic downturn to the like of after Lehman brothers

Friday, 07 December 2012
Swedish Employer Organization of the industrial and manufacture sector,  Teknikföretagen warns of a sharp economic downturn in the Swedish industrial in the fourth quarter.

Norse energy's US subsidiary files for Bankruptcy protection

7 December 2012
Norse Energy Corp. ASA (“NEC” ticker Oslo Stock Exchange,Norway; “NSEEY” ticker U.S. OTC) announces that its US subsidiary, Norse Energy Corp.USA, has filed a voluntary petition for Chapter 11 Debtor in Possession (“DIP”) protection and reorganization under the United States Bankruptcy Code.

French frozen food giant invests in Sweden

Thursday, 06 December 2012
The French food chain Picard, which only sells frozen foods will be establishing itself in Sweden.

Norwegian make gains in traffic and passengers in November as SAS grounded in crisisNorwegian

Thursday, 06 December 2012
The strongest challenger to trouble Scandinavian airliner, SAS, has seen its traffic increased in November as SAS struggle to pull itself from the doldrums.

Volvo Looser in its Geerly ownership as the Chinese benefit from Key technology to strengthen its own brand

Wednesday, 05 December 2012
Just over two years after the Chinese company, Geely bought Volvo Cars, an expert believe that Volvo has been the biggest looser as the Chinese instead use Volvo technology to strengthen their own brand.

Swedban organises operation to take care of its EUR syndicate and the head of the portfolio

Tuesday, 04 December 2012
Swedish big bank, said on Tuesday that it has established a euro syndicate function headed by Per-Ake Nyberg under its Debt Capital Markets  unit in order to increase its focus on EUR new issues.

Peab to build a new automobile factory in Skövde

Monday, 03 December 2012
Construction Company, Peab has been commissioned by Auto Car Partner AB / BL Properties to build a new automobile factory in Skövde, Sweden.

How competitive is the Swedish market for small retail discount chain? Hard as after 10 years they are still to make money in the market

Monday, 03 December 2012
The so - called low priced or discount super markets have tested and what they have found is that Sweden is a tough place to do grocery retail business - especially if you come from aboard.

Pension Bonus of Nkr40 million to some SAS officials while other face cuts

Sunday, 02 December 2012
SAS employees are forced to accept cuts in wages and pensions for a deal that was to design such that the company would not go into the gutter. But a handful of SAS officials are reported to have to receive extra pension payment of over Dkr42 million.

Low cost airliner, Norwegian wants to notify SAS and Scandinavian governments for uncompetitive practices

Sunday, 02 December 2012
Low cost airliner, Norwegian, and its Low-cost airlines association, European Low Fare Airline Association, (ELFAA) is considering reporting the Scandinavian governments to the EU Commission's competition authority for unfair competition practices.