Edition:
United States

Johannes Hellstrom

UPDATE 2-Sweden's Sandvik poaches new CEO from lockmaker Assa Abloy

Oct 25 2019

STOCKHOLM, Oct 25 Swedish metal-cutting tools and mining gear maker Sandvik has named Assa Abloy's Stefan Widing to take over as CEO when Bjorn Rosengren leaves for Swiss robotics company ABB.

Demand from chipmakers boosts Atlas Copco third-quarter results, shares surge

Oct 21 2019

STOCKHOLM Swedish engineering firm Atlas Copco reported forecast-beating third-quarter earnings and order bookings on Monday on the back of strong demand from chipmakers, sending its shares sharply higher.

AB Volvo warns of demand slump as truck orders plunge

Oct 18 2019

STOCKHOLM Swedish truckmaker AB Volvo reported a sharp decline in third-quarter orders and forecast a demand slump on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.

Ericsson earnings top forecast as 5G takes off

Oct 17 2019

STOCKHOLM Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected. | Video

UPDATE 3-Ericsson expects to take $1.2 bln hit to settle U.S. probes

Sep 26 2019

* Shares drop 0.3% (Adds background, detail, analyst comment, shares)

Haldex welcomes ZF stake sale, urges Knorr-Bremse to follow

Sep 20 2019

FRANKFURT/STOCKHOLM Swedish brake systems firm Haldex welcomed the sale of a 20% stake in the company by German car parts maker ZF Friedrichshafen [ZFF.UL] and urged its second-largest investor Knorr-Bremse to do the same.

Sweden's SKF to shift automation into higher gear as markets flag

Sep 19 2019

GOTHENBURG Swedish engineering company SKF aims to use a demand slowdown to its advantage, its chief executive said, stepping up an automation program that has already sent capital expenditure soaring.

UPDATE 2-Nordea names former Handelsbanken boss as new CEO

Sep 05 2019

STOCKHOLM/HELSINKI, Sept 5 Finland's Nordea on Thursday named Frank Vang-Jensen, head of personal banking at the Nordic region's biggest bank, as its new chief executive, who pledged to keep a close eye on costs at the group.

Swedish buyout firm EQT launches IPO to aid global growth

Sep 02 2019

STOCKHOLM/LONDON Sweden's EQT Partners confirmed plans to list in Stockholm on Monday as the private equity firm, one of Europe's biggest, seeks to expand and lock horns with larger global competitors.

Swedbank names frontrunner Henriksson new CEO in bid to rebuild trust

Aug 29 2019

STOCKHOLM Swedbank has named Jens Henriksson, the head of insurer Folksam as chief executive officer, as the lender tries to rebuild confidence after a money-laundering scandal.

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