Helena Soderpalm

Volvo Cars sees chip shortage extending into 2022, Q3 profit dips

Nov 30 2021

STOCKHOLM Volvo Cars warned on Tuesday that the sector-wide semiconductor shortage would continue into next year, as its first quarterly report since listing on the stock market a month ago confirmed a dip in revenue and profit. | Video

Sweden's Ericsson snaps up cloud firm Vonage in $6.2 billion deal

Nov 22 2021

STOCKHOLM (Reuters) -Ericsson on Monday agreed to buy cloud communications firm Vonage in a $6.2 billion all-cash deal, as the telecom gear maker moves to broaden its 5G portfolio.

Volvo Cars leaps 22% on debut in boost for IPOs and electric cars

Oct 29 2021

STOCKHOLM (Reuters) -Volvo Cars shares surged 22% on their Stockholm market debut on Friday after wrapping up Europe's biggest IPO of the year so far, in a boost for new issues markets and carmakers' vision of an electric future.

Volvo Cars hopes downsized IPO can rev up investors' electric dreams

Oct 28 2021

STOCKHOLM Volvo Cars is hoping investors will buy into its long-term electric vehicle strategy and see past supply chain worries and questions about its shift to battery power as it gears up to make its market debut in Europe's biggest IPO so far this year.

Component shortages hamper sales growth at Assa Abloy as profit lags forecast

Oct 27 2021

STOCKHOLM (Reuters) -Assa Abloy said on Wednesday material shortages and supply chain problems would continue to impact its markets, after posting third-quarter profit below market expectations.

Bearings maker SKF flags supply chain woes after profit miss

Oct 26 2021

STOCKHOLM (Reuters) -Bearings maker SKF warned on Tuesday of continued supply chain problems affecting its automotive business after posting third-quarter earnings below market expectations, sending its shares down nearly 6%.

UPDATE 3-Volvo Cars gives itself $18 bln price tag as cuts IPO size

Oct 25 2021

* To start trading on Nasdaq Stockholm on Oct. 29 (Adds CEO, analyst comment, background)

UPDATE 2-Atlas Copco sees demand easing as profit lags forecast

Oct 21 2021

STOCKHOLM, Oct 21 Atlas Copco missed third-quarter earnings forecasts on Thursday as supply chain challenges hampered its ability to capitalise on strong demand, knocking its shares.

Truck maker Volvo profit beats forecast, but chip woes linger

Oct 21 2021

STOCKHOLM (Reuters) -Sweden's AB Volvo beat third-quarter core earnings expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production.

World News