The Quotes are Powered By Forexpros, the Forex, Futures, and Stock Markets Portal.

Companies News

Scandinavian Companies and Market on Social Media Networking


 Business Video

Atlas Copco completes acquisition of Rapid-Torc

Tuesday, 23 April 2013
Atlas Copco has closed the acquisition of the business of U.S-based Rapid-Torc, which develops and markets hydraulic torque wrenches.

H&M to dress the Swedish teams for 2014 and 2016 Olympic and Paralympic Games

Wednesday, 17 April 2013
H&M announce that it has secured the deal to dress the Swedish teams for the Winter Olympics and Paralympics in Sochi 2014, and the Summer Olympics and Paralympics in Rio de Janeiro 2016.

Elekta's Beam Shaping Technology to boost Swedish Clinic cancer treatment efficiency

Friday, 12 April 2013
Swedish Human care company, Elekta said Friday that Uppsala University Hospital is the first clinic in Scandinavia to treat cancer patients using radiotherapy systems equipped with Elekta’s innovative Agility™ 160-leaf multileaf collimator (MLC).

Elekta Receives U.S. FDA 510(k) Clearance Following Launch of New Versa HD Radiation Therapy System for Cancer Treatment

Thursday, 11 April 2013
Human care company, Elekta announces that it has recently received 510(k) clearance from the U.S. Food and Drug Administration (FDA), allowing the company to begin shipping and installation of all components of the Versa HD™ system within the United States.

DiaGenic patent allowed in Canada

Thursday, 11 April 2013
The Norwegian diagnostic company,  DiaGenic announced that it has received notice of allowance for its Canadian family 2 patent application.

U.K. Clinic aiming to benefit from the revolutionary efficiency in radiotherapy treatment when it starts using Elekta’s New Versa HD System

Wednesday, 10 April 2013
Elekta’s new Versa HD™ system will assist the Christie NHS Foundation Trust to harness new linear accelerator to improve therapy for patients with head-and-neck, lung and prostate cancers.

Loomis wins a great cash management contract in the U.S.

Monday, 08 April 2013
Cash Management Company, Loomis said its US subsidiary,   Loomis' U.S. has won a contract from one of the largest banks in the U.S. to take over the cash management services at four locations, including two of the bank’s major units in Houston and San Diego.

Aerocrine passes regulatory milestone in Japan

Thursday, 04 April 2013
Aerocrine AB (OMX Nordic Exchange: AERO) announces that the Japanese authority (PMDA) has approved its FeNO (fractional exhaled nitric oxide)-measuring device, NIOX MINO ® from 2008 as a tool for assessing patients with airway inflammation such as asthma.

Atlas Copco completes acquisition of MEYCO

Wednesday, 03 April 2013
Atlas Copco (Schweiz) AG has closed the acquisition of Switzerland-based MEYCO Equipment business.

Alfa Laval wins SEK 60 million energy-efficiency order in Canada
Wednesday, 03 April 2013
Alfa Laval says it has won an order to supply plate heat exchangers for cooling applications in Canada.

Husqvarna appoints Kai Wärn as President and CEO of the Group

Wednesday, 27 March 2013
The Board of Directors of Husqvarna AB has decided to appoint Kai Wärn as President and CEO of Husqvarna Group effective as of July 1, 2013.

Saab factory in China for the Chinese market will be operational within three to five years

Friday, 26 April 2013
After buying the bankrupt Saab automobile foundation, there has been ground works to launch its operations  here in Sweden and in China. For the China market, it emerged today that within three to five years, Saab cars designed for the Chinese market will be built in the Chinese city of Qingdao.

Telenor Reports increased profits for the first quarter

Friday, 26 April 2013
The Norwegian telecoms operator Telenor 's underlying EBITDA earnings for the first quarter of 2013 was Nkr8.423 million against Nkr 7761 million same times last year in the first quarter of 2013.

Norwegian oil fund now second biggest owner of Volvo Sweden

Thursday, 25 April 2013
Despite reporting a disappointing result, its stock price continues to rise. Why? Because besides the growing order recorded in the order books, the Norwegian oil fund is increasing its ownership in the company.

Volvo to layoff some 500 workers in Umeå

Thursday, 25 April 2013
The Swedish the truck maker Volvo is to get ride of some 500 employees in its Umeå operation if parts of the cab production moves to another plan in Tuve, near Gothenburg. The decision will be made after the summer.

H&M’s charitable foundation receives donation from Stefan Persson family

Thursday, 25 April 2013
The Stefan Persson family is donating Skr 500 million to H&M’s charitable foundation, the H&M Conscious Foundation. This significant contribution will enable the foundation to make a big difference for people and communities in the countries where H&M operates.

Volvo Group Posts disappointing fort quarter report

Thursday, 25 April 2013
Swedish automaker Volvo Group reported first-quarter 2013 loss attributable to equity holders of the parent compny of Skr304 million , or 0.15 kronor per share, as against a profit of Skr4.05, or 1.99 kronor per share, last year.

Nokia launches budget QWERTY keypad phone

Wednesday, 24 April 2013
Nokia launched a new set of phones, the Asha 210 on Wednesday which features a standard QWERTY keypad and what the company says is the first-ever shortcut key to the networking and messaging application WhatsApp.

Nordic banking giant Nordea reports above expected profits

Wednesday, 24 April 2013
Nordic regions' biggest bank Nordea AB, on Wednesday reported a consensus-beating rise in first-quarter net profit, blamed on narrowing loan losses. The bank said it expects credit quality to improve further in the current year.

Ericsson reports worse than expected 1st quarter of 2013

Wednesday, 24 April 2013
Ericsson reported a pre-tax profit of Skr2.1 billion for the first quarter of this year. It's a real fall when compared to the same period last year and worse than expected.

Scania lighten up the Stockholm bourse, as light in the European tunnel becomes the truck maker into posting better numbers.

Tuesday, 23 April 2013
Downward pressure on trucks in Europe is still strong and Scania CEO Martin Lundstedt is ducking the question whether the company will make money here.

Swedbank also beat s expectation in its interim reports

Tuesday, 23 April 2013
The other Swedish giant bank, Swedbank on Tuesday morning, also reported a quarterly report that showed an operating profit of Skr4.9 billion, slightly above market expectations.

Swedish banks SEB present interim reports that met expectation.

Tuesday, 23 April 2013
Swedish big bank, SEB successfully provided interim first quarter report that met expectations. According to the Tuesday report, key interest income was largely as expected and emerged one of the leading sources of money for the banks.

How the decennial insurance sector in Sweden became the silent most profitable industry in Sweden

22 April 2013
In Sweden, the decennial insurance is quite popular within the building industry because by law all property builders and owner must take one. The nature of the industry has also been set up in such a way that only two big companies dominate the sector. With such monopoly power, profit maximisation and very little leakages make this the most profitable industry in Sweden.

ABB to acquire Power-One to become a global leader in solar photovoltaic (PV) inverters

Monday, 22 April 2013
Swiss - Swedish engineering group, ABB (NYSE: ABB), and Power-One, Inc. (NASDAQ: PWER), a renewable energy and power management solutions, today announced that their boards of directors have agreed to a transaction in which ABB will acquire Power-One for $6.35 per share in cash or $1,028 million equity value.

Volvocar's CEO, Hakan Samuelsson insists that the company is profitable in China despite contrary press reports

Sunday, 21 April 2013
Volvo cars Corporation has been working very hard recently, more in defending itself from bad press rather than selling cars. Is their performance in the Chinese market leading them to multi-billion Krona looses are reported last week, the CEO disagreed.

Swedish food retailer, Axfood reports a two percent rise in profits

Friday, 19 April 2013
Swedish food retailer, Axfood reported a profit before tax of Skr 247 million against Skr241million for the first quarter of 2013. Expectations was for Skr242 million, according analysts estimates and consensuses.

Internal scandal of impropriety rocks Stockholm School of Economics

Friday, 19 April 2013
Stockholm school of Economics has been rocked by an internal scandal that could over spill and tarnish the school's reputations.

Swedish giant bank accused of discriminating against poor customers in Norway

Friday, 19 April 2013
Swedish bank SEB terminates the accounts of 7000 Norwegian customers. The reason is that they have too little money in their accounts or as a Norwegian paper puts it, they are not millionaires.

China getting expensive and thus cheap China to outsource to will soon be a story of the past

Thursday, 18 April 2013
Cost of Product in Asia has been the force for their growth as many western firms have been fleeing there in what they described as lower costs and has massively outsourced to China and the rest of Asia.

Volvocars Corp., rejects reported billion looses in China

Thursday, 18 April 2013
We started this morning by reporting that Volvo Cars was making massive looses in its Chinese operations. Nevertheless, the Swedish Chinese owned automaker has had enough time to digest the news and came up later in the day with a full denial of that "allegation"

Arlanda airport in Stockholm falls in rankings as Asia dominate

Thursday, 18 April 2013
Changi airport in Singapore is the world's best airport, according to an annual survey of airports in the world done by Skytrax.

SAS compete better with low cost airliners as high competition and the quest for survival forces it to join the low costs routes.

Thursday, 18 April 2013
Airliner SAS claims that it can compete better against low-cost carriers on several destinations, according to Swedish Flight Price Index.

Nokia performance better than expected as looses slimmed

Thursday, 18 April 2013
Finnish mobile phone manufacturer, Nokia today announced its results for the first quarter and it's showed an improved performance evidenced in the reduction of looses.

Swedish Chinese owned Carmaker, Volvo sees deep looses in China for 2012

Thursday, 18 April 2013
Volvo Cars will make a resounding loss in its Chinese operation in 2012 to the extents of between Skr2 to 4 billion, according to a report from the Swedish daily, Svenska Dagbladet.

Internet web browser and open source operations system, Firefox threatens boycott of TeliaSonera

Thursday, 18 April 2013
Mozilla Firefox, the internet browsing and open source operation system is threatening Swedish / Finnish telecom operator, TeliaSonera a boycott and along withdrawing its security certificate from TeliaSonera.

Telecoms company TELE2 reports above expectation results

Thursday, 18 April 2013
The Swedish telecoms operator Tele2, reported an operating profit before depreciation and amortization (EBITDA) of Skr1.488 million  for the first quarter of 2013.

Nordea hit with fine from the Swedish financial services authority

Tuesday, 16 April 2013
Scandinavian giant bank, has been sanctioned by the Swedish Finansinspektionen (FI), Financial Supervisory Authority (SFSA) to pay Skr30 million for failing to manage assists of frozen accounts and money laundry.

China could fund a Skr100 billion Nordic railway track

Tuesday, 16 April 2013
China wants to invest in a Scandinavian high-speed railway network which has so far obtained partial financing. Ids this a way the Chinese wants to continue to penetrate the West or they are just doing business?

32 new pharmacies open in Sweden last year as the sector still attracts investors

Monday, 15 April 2013
The Swedish pharmacies sector has attracted about 345 new pharmacies created in Sweden since 2009, meaning the sector continues to attract investors despite fears that there was a growing stifling competition in the sector.

Loomis enters support partnership with Fryshuset, a Swedish youth organisation

Monday, 15 April 2013
Cash handling company Loomis has entered into a long-term partnership with youth organisation, Fryshuset in what the company described as "its mission and goal to actively help reduce crime in Sweden."

Fall in H&M Group total sales

Monday, 15 April 2013
H&M Group total sales in March 2013 decreased by 4 percent including VAT in local currencies compared to the same month last year.

Atlas Copco acquires U.S. compressor distribution

Thursday, 11 April 2013
Atlas Copco announces that its U.S.-based subsidiary, Quincy Compressor LLC has agreed to acquire National Pump & Compressor’s air compressor business in the state of Illinois, USA.

Swedish government wants to reduce the cost of investment in order to boost flagging business activities

Thursday, 11 April 2013
Swedish government feels that it could reduce the cost of investment so that investors who buy into small companies should have the right to deduct half the cost, according to a government proposal presented in a bill.

Handelsbanken batthing its workers with money as Oktogonen gets even richer

Wednesday, 10 April 2013
Handelsbanken's strong stock market performance and rising dividends has significantly inflated the value of the employees' profit sharing. This has meant that its workers - probably the top management are said to be awash with money.

Saab automobile still in the News as one last one sold big at auction

Wednesday, 10 April 2013
Saab automobile cars are still making wave in the market despite the fact that the company that use to make them has been wiped out of the corporate world.

Sweden's biggest real estate website to start receiving payments for its services

Tuesday, 09 April 2013
Swedish biggest real estate website Hemnet is changing its approach in its business and would want any real estate dealer to pay Skr600 in order to advertise on the site.

Ericsson to buy Microsoft IPTV business

Tuesday, 09 April 2013
Swedish telecom equipment maker Ericsson announced yesterday that has reached an agreement with Microsoft (NASDAQ:MSFT) to acquire its TV solution Mediaroom business.

At least 70 Swedes exposed as among those banking in tax havens

Monday, 08 April 2013
At least 70 Swedes are among those exposed in the leaked material brought to light recently in relations to secret banks accounts in tax havens.

Ikea kept quiet about the discovery of pork in Moose lasagne

Monday, 08 April 2013
There were "small" amounts of pork in a mosse lasagne that Ikea sold, which was stopped at the end of March. It is held that Ikea knew about the presence of pork but failed to inform customers about the discovery.

Lundin Petroleum makes oil discovery off shore of Norway

Monday, 08 April 2013
The oil company Lundin Petroleum has made a "potentially significant oil discovery" in the North Sea, through its wholly owned subsidiary Lundin Norway AS (Lundin Norway).

Scores of Finnish companies have tax-haven Panama roots

Friday, 05 April 2013
Finnish companies are also not immune to the tax haven escape saga. It emerged that many Finnish companies have roots in the country considered by some people as a tax havens.

483 Danish companies into bankruptcy in March

Friday, 05 April 2013
In March, 483 companies went bankrupt in Denmark. This represents an increase of 5 percent compared with the same month last year.

Swedish business sector has never had such a dark quarter

Friday, 05 April 2013
Sweden has never had so many business bankruptcies in the first quarter like this year. Not since 2009 as the spat of bankruptcies explosion in the country's corporate sector is worrying to both observers and market analysts.

Volvo sells more cars in China than in Sweden  

Friday, 05 April 2013
During the first quarter of this year, China has emerged as Volvo's second largest market, overtaking Sweden. But total sales still look shaky for the Swedish Chinese own car marker.

The scale of Offshore account holders to be released soon in a grand journalistic exposure

Thursday, 04 April 2013
The secrets f tax haven revealed in which is review of a shady operation that has branches all over the world came to light in a global collaborative project with investigative journalists.

Seeking any opportunities for growth means that venture capital organisation continue to raid the Swedish welfare sector

Thursday, 04 April 2013
As more questions continue to be asked rather than answered about how the private sector is making more money from miserable unemployed in Sweden, it turns out that high power companies are now extending their roots deep into the booming sector.

Gold mine in the Swedish unemployment job market as companies cash out but produce no result

Wednesday, 03 April 2013
As the economic situation in Sweden has led to many people becoming unemployed, one would feel that getting people back to work would be a top propriety to the government and that the various organisations standing out to help them really mean that. It turns out that the high level of unemployment has instead become big businesses for various organisations with strong connections.

Swedbank to discontinue operations in Ukraine and Russia

Monday, 01 April 2013
Swedish banking group, Swedbank has announced that it has decided to discontinue its remaining operations in Ukraine and Russia and has signed a share purchase agreement regarding its Ukrainian subsidiary with Mr. Mykola Lagun, the majority owner in Delta Bank.

Greater chances that Telia Sonera could loose profits made in Uzbekistan if found guilty
Thursday, 28 March 2013
TeliaSonera may miss out on all the profits the company has made in Uzbekistan, according prosecutor, Gunnar Stetler, who is investigating the company's suspected corrupt practises in the country said.

Continue reading  here