VSM Group

Jörgen Johansson new CEO of VSM Group

5/19/2005 8:30 AM EST

Svante Runnquist, CEO of VSM Group since 1 January, 1997 has decided it is time for new leadership to continue the successful development of the company and has therefore decided to leave his position.

“During his eight years as CEO, Svante Runnquist has developed the company with energy and enthusiasm. Under his leadership the Group´s sales have increased from 954 MSEK in 1997 to 2165 MSEK in 2004 with...

Demand for inspiration and information started a sewing machine magazine

4/28/2005 5:11 AM EST

Thousands of sewing enthusiasts around the world, all with a passionate interest in sewing, but sometimes with a lack of ideas, forced the sewing machine brand Husqvarna Viking ten years ago to start producing a sewing machine magazine. The wish was to have a magazine full of hints and tips about sewing and lots of projects to make. The challenge was of course great at Husqvarna Viking, who knew how to manufacture...

Swedish Sewing Machine producer turns well-known “Hummel drawings” into embroide...

3/29/2005 3:00 AM EST

German artist Berta Hummel, known as Sister Maria Innocentia Hummel, created the beloved “Hummel Children” drawings during her most productive time in the 1930s. The rights to those pictures are owned by the Franciscan Convent in Saulgau, Bavaria, where Sr. M. Innocentia entered the sisterhood upon completion of her studies at the Academy of Fine and Applied Arts in Munich. In 1934, the W. Goebel Porcelain Factory...

Increased competition and falling dollar mean lower profit for VSM Group

3/17/2005 5:28 AM EST

• VSM Group’s turnover dropped by 9.5% during 2004 to SEK 2,165 million, a reduction in fixed exchange rate terms of 3.8%. • Increased price competition resulted in fewer sewing machine sales in the mid segment. • Operating result before amortization of intangible assets (EBITA) fell during same period to SEK 182 million (SEK 270 million). • SmartFuture rationalisation programme expected to reduce annual costs by...

Improved competitiveness for the VSM Group with SmartFuture

12/14/2004 8:00 AM EST

• The VSM Group has begun codetermination talks with the unions regarding changes to be made to the business structure as part of the company’s efficiency programme, SmartFuture. • The underlying cause has been the severely weakened US dollar, along with lower sales due to increased price competition on the world market from players with production based in low-cost countries. • 90–120 jobs at the company’s head...

The "Oscar" of the Quilt world given out in Houston

11/24/2004 2:33 AM EST

Fifty of the world’s most beautiful quilts were shown at the International Quilt Market and International Quilt Festival in Houston, Texas, USA, October 30 – November 7, 2004. The exhibition was the result of the annual international quilt contest, sponsored by the Swedish Sewing Machine manufacturer Husqvarna Viking, Huskvarna, Sweden. This year’s theme Color, Couleur,Colore, Kulör, contributed to the brilliant...

VSM Group adapts to tougher market conditions

11/4/2004 2:00 AM EST

· Net sales for the January-September 2004 period were down 10 percent to SEK 1,480 million (SEK 1,647 million), corresponding to a 5 percent drop in local currency.
· Operating result before amortization of intangible assets (EBITA) was SEK 120 million (SEK 137 million).
· The net profit for the period increased from SEK 35 million to SEK 39 million.
· A wide-reaching efficiency programme -...

Profit increases for the VSM Group despite falling turnover

8/9/2004 5:01 AM EST

Press Release- Interim report 9 August 2004

Profit increases for the VSM Group despite falling turnover
·Turnover for the first six months of 2004 was down 8 percent to SEK
978 million (SEK 1,062 million). Expressed in fixed exchange rates,
turnover fell by 2 percent.

· At the same time, the operating result before amortization of
intangible assets (EBITA) rose by 21...

Rise in profits for the VSM Group

5/21/2004 3:08 AM EST

· Operating result before amortization of intangible
assets (EBITA) rose during the first quarter by 38% to SEK 69 million
(SEK 50 million).
· Net profit rose to SEK 31 million (SEK 15 million).
· Net sales were SEK 519 million (SEK 558 million).
Expressed with fixed exchange rates this is a slight increase.
· Operating...

New Pfaff sewing machine makes it easier to stretch the boundaries

2/26/2004 4:00 AM EST

VSM Group has launched a new sewing machine that can both sew and
embroider: Pfaff creative 2124.
The machine is manufactured in Sweden, but is to be marketed
internationally.
After its launch onto the company's principal market, North America, it
will now be Europe´s turn.

"It is targeted at those with an interest in creative sewing and who
have an eye on the pounds and...

Releases - VSM Group

Found press releases