Johannes Hellstrom

Sweden's Kinnevik to distribute $6.6 billion Zalando stake to shareholders

Feb 17 2021

STOCKHOLM Swedish investment firm Kinnevik plans to distribute its stake in German online fashion group Zalando, worth 55 billion crowns ($6.6 billion), to its shareholders.

Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant

Jan 29 2021

STOCKHOLM Swedish steelmaker SSAB has ended talks over a potential acquisition of Tata Steel's Dutch steel mill, it said on Friday, adding a fresh twist to the ongoing consolidation of Europe's steel sector.

UPDATE 3-Sweden's SSAB abandons plan to buy Tata Steel's Dutch plant

Jan 29 2021

* SSAB shares +7.7%, Tata Steel -3.6%, Thyssenkrupp +0.8% (Recasts, adds Tata Steel statement, updates shares)

UPDATE 2-Telia cash flow tops forecasts, confirms 2 crowns/share dividend

Jan 20 2021

STOCKHOLM, Jan 20 Telia Co AB said on Wednesday its operational cash flow was stronger than expected in 2020 and confirmed a 2 crowns per share dividend for the year, sending shares in the Nordic telecom operator up more than 4%.

H&M's fourth quarter sales hit by second coronavirus wave

Dec 15 2020

STOCKHOLM H&M, the world's second-biggest fashion retailer, said on Tuesday that local-currency sales fell 10% in its fourth quarter, with a pronounced slowdown in the final month as the second wave of coronavirus restrictions curbed spending.

Sweden's Scania to start making trucks in China after acquisition

Nov 23 2020

STOCKHOLM/BEIJING Swedish truck maker Scania, a unit under Volkswagen AG's commercial vehicle arm Traton SE, has bought a truck company in China to start making vehicles for the first time in the world's biggest auto market, it told Reuters.

SSAB eyes Tata Steel's Dutch assets as European consolidation picks up

Nov 13 2020

STOCKHOLM/AMSTERDAM/MUMBAI Swedish steelmaker SSAB is in talks with Tata Steel about potentially buying the Indian group's Dutch steel mill in IJmuiden and related assets, it said on Friday.

Swedish media group NENT plans U.S. streaming service for Nordic noir fans

Nov 10 2020

STOCKHOLM Sweden's NENT plans to tap into the demand for Nordic drama by launching its streaming service Viaplay in the United States next year and is considering an equity raise of more than 3.5 billion crowns ($405 million) to fund expansion, it said on Tuesday.

UPDATE 2-Bearings maker SKF beats forecasts again as demand recovers

Oct 27 2020

STOCKHOLM, Oct 27 Sweden's SKF, the world's biggest maker of industrial bearings, beat quarterly earnings forecasts on Tuesday, helped by an efficiency drive and a pick up in some markets, but said the outlook remained uncertain.

Electrolux raises market outlook after profit beats forecasts

Oct 23 2020

STOCKHOLM A pick-up in demand for fridges and washing machines among housebound consumers during the pandemic helped Electrolux beat profit forecasts on Friday and post its highest quarterly margin ever.

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