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Scribona sells its last computer retailer in Norway

Scribona sells its last computer retailer in Norway In order to focus computer distribution operations on the wholesale and agency businesses, Scribona's last remaining retail unit, Office in Oslo, was sold on January 1, 1999. In 1998 Office Oslo had turnover of MNOK 120 and 50 employees. The buyer is the Norwegian listed company SuperOffice ASA, one of the European leaders in sales of customer support systems. The buyer will also take over Scribona's franchise operations in Norway, Scribona Partner A/S. SuperOffice, which in 1998 acquired the Nordic countries' leading distributor of

Sumitomo ends co-operation with Scancem International

Sumitomo ends co-operation with Scancem International Since 1995, Scancem International and the Japanese trading company Sumitomo Corporation have co-operated in developing cement activities in Asia. The two companies established Scancem Asia Pacific Ltd in Singapore, a company engaged in cement trading and other cement activities. On account of the drastic change in cement trading in Asia, due to the economic crisis in Asia, Sumitomo decided to end the co-operation with Scancem International with effect from January 1, 1999. The decision is a part of a restructuring of Sumitomo's overseas

Swedish Match reorganizes

Swedish Match reorganizes New Group Management appointed Today Swedish Match introduces a reorganization of its business structure from a matrix of 15 operating units to six Divisions having clearly defined operating responsibility: North Europe, Continental Europe, North America, Overseas, Matches and Lighters. Marketing, sales and production of tobacco products will be organized in the North Europe, Continental Europe, North America and Overseas Division. The global product categories Matches and Lighters will be organized as present, selling their products through the other four

All employees at volvo excavators given notice

ALL EMPLOYEES AT VOLVO EXCAVATORS GIVEN NOTICE AFTER FINALIZING THE LOCAL NEGOTIATIONS WITH THE UNIONS VOLVO EXCAVATORS TODAY GAVE NOTICE TO IT'S REMAINING 500 EMPLOYEES AT IT'S ESLÖV PLANT. The decision taken by the board is due to the fact that Volvo Excavators in Eslöv has been losing money for many years. In order to enhance Volvo Construction Equipment's long-term earnings a thorough cost cutting program has been launched throughout the company. As a result of the acquisition of Samsung's construction equipment division Volvo has established a base for efficient production and

Wallenstam signs leasing agreement for 6,100 m2 in Gothenburg

Wallenstam signs leasing agreement for 6,100 m2 in Gothenburg Wallenstam has leased 2,350 m2 of office space at Mölndalsvägen 36-38 to Mecel AB. The lease is for 5 years from 01-05-1999. Nobel Biocare AB has signed a lease on 950 m2 of office space at Mölndalsvägen 91. The lease is for 5 years from 01-05-1999. Falck Security has signed a lease on 2,800 m2 of office, storage and garage space at Vasagatan 3. The lease runs from 01-05-1999 to 31-12-2007. When these agreements come into force, there will be no vacant floor space at Mölndalsvägen 36-38, Mölndalsvägen 91 and Vasagatan 3. The

NEW BUSINESS STRUCTURE IN THE PORT OF UDDEVALLA

NEW BUSINESS STRUCTURE IN THE PORT OF UDDEVALLA An agreement in principle has been reached within The Broström Ship Agency Network whereby Broströms will sell its shares, corresponding to 60 %, in the ship agency company SwanFalk Shipping AB. The buyer of the shares is Uddevalla Hamnterminal AB, which is the port and stevedoring company of Uddevalla. Hereby SwanFalk Shipping becomes a wholly owned subsidiary of Uddevalla Hamnterminal, which enables an integration of the two companies. The purpose of this change is to improve the compet- itiveness of the port of Uddevalla. By being a 40 %

Schedules Reports on 1998 Operations

Schedules Reports on 1998 Operations Amending what has been said earlier, Scancem's Report on 1998 Operations will be published on Thursday, February 18. Scancem's Annual General Meeting will be held in Malmö on Thursday, April 8, and the Three-Months Report will be published on Thursday, April 22. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/02/01/19990201BIT00180/bit0001.doc http://www.bit.se/bitonline/1999/02/01/19990201BIT00180/bit0002.

BTLs CEO, Håkan Larssons comments on the Stinnes offer

BTL´s CEO, Håkan Larssons comments on the Stinnes offer Commenting on the Stinnes offer made to all BTL shareholders for the outstanding shares in BTL, BTL's CEO, Håkan Larsson, stated: "Further financial integration of the companies will generate greater potential for a joint European land transport network. This is in line with the vision and goals presented in conjunction with the alliance between Schenker and BTL in November 1997. Full coordination will allow us to capitalise on the synergy effects more quickly and in doing so increase the potential to improve profitability even further

Preliminary financial statement för 1998

Preliminary financial statement for 1998. By reason of the fact that BTL's main shareholder, STINNES AG, will be informed about the Group's profit for the 1998 financial year, the Board has decided to issue a preliminary financial statement for 1998. Sales and financial results Net sales totalled SEK 19,110 million (18,138). The demand for transport and logistics services weakened slightly during the fourth quarter as a result of a downturn in certain market segments. The trend in Russia and the crisis in Asia have affected transport volumes, with a subsequent impact on net sales,

Semcon has signed an agreement with Volvo worth SEK 180 million.

Semcon has signed an agreement with Volvo worth SEK 180 million. The letter of intent signed on the 4/12/98 between Volvo Personvagnar and Semcon AB has been implemented according to plan. Volvo Personvagnar and Semcon AB have today signed an agreement where Semcon will take over certain sections of work currently carried out within Volvo Personvagnar's Technical Service Unit. The agreement is in the form of a three-year rolling contract and the volume for the first three years is expected to be in the region of SEK 180 million. The agreement will come into force on the 1/4/99. The

Bure acquires Network Management AB

Bure acquires Network Management AB Bure's new Business Area, Education, has acquired the training company, Network Management, from Securitas AB. Network Management, which reports sales of approximately SEK 30M and has 33 employees, is an IT training company in the network and data communication segment. Through the acquisition, Bure strengthens its position in IT Training. In addition to Network Management, Bure already owns Informator, Nordisk Datautbildning and Fama. Following the acquisition, total sales within IT Training amount to approximately SEK 200M. Network Management is the

Repo rate unchanged at 3.40 per cent

Repo rate unchanged at 3.40 per cent At its Thursday meeting the Executive Board of the Riksbank decided that in the period up to February 17 the repo rate is to be unchanged at 3.40 per cent. The rate for the repos in the next two weeks is announced every other Friday. The repos will have a maturity of one week, from Wednesday to Wednesday, with tendering on Tuesdays. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/1999/01/29/19990129BIT00460/

New diesel engines with lower emissions

New diesel engines with lower emissions Emissions of regulated substances in the exhaust gases of diesel engines are reduced by around 30% in the forthcoming EU regulations (Euro 3). With Scania's new range of low-emission diesel engines, operators who are keen to keep a high environmental profile can specify low-pollution power units well ahead of expected legislation. "Our engine development has now progressed so far that we are able to launch a range of three low-emission engines to supplement our current range," says Håkan Samuelsson, Executive Vice President and Scania's Chief

Securitas disposes of Network Management Tcpip AB

Securitas disposes of Network Management Tcpip AB Securitas has today come to an agreement to sell Network Management Tcpip AB to Investment AB Bure. Network Management Tcpip AB, which has a total turn over of about MSEK 30 and 33 employees, is specialized in education within network and computer communication security. The disposal is a step in Securitas' continued focus on its core business and will not affect Securitas' result for 1999. Further information can be obtained from Manager Investor Relations Camilla Weiner,phone +46 8 657 74 00. ------------------------------------------------

Breakthrough for Scania in Morocco:70 city buses to Marrakech

Breakthrough for Scania in Morocco:70 city buses to Marrakech Scania announced its first major bus order from Morocco on Friday: Spanish bus operator Alsa chose Scania when it secured the hard-won contract for public transport in Marrakech in the face of extremely tough competition. Alsa is buying 70 Scania buses in the first wave of orders. The agreement was announced on Friday in conjunction with the inauguration of the all-new service facility in Agadir by Scania's wholly-owned subsidiary, Scania Maroc. "For Scania, this order represents a historic breakthrough on the Moroccan bus market,

Scania's service network grows in Morocco

Inauguration of the Agadir centre: Scania's service network grows in Morocco Scania Maroc - a subsidiary of Scania - inaugurated its second wholly-owned service centre in Morocco on Friday. The new facility is located in Agadir in the south, along the vital north-south transport route for Morocco's expanding European trade. Friday also saw the start of building operations at the country's third service centre, in Tangiers in the north. Scania inaugurated its new regional centre in Casablanca just a few months ago. The investments in these facilities amount to just over 10 million kronor.

Adaptation to interest rates

ADAPTATION TO INTEREST RATES IN 1998 YEAR-END ACCOUNTS In the 1998 year-end accounts, the operating result for life and unit linked assurance will be affected by the changed level of interest rates. Falling interest rates are giving rise to downward adjustments of the assumptions concerning present value computations, fund growth and inflation, that are used to calculate the operating result. Recalculation is expected to have a positive one-time effect of MSEK 750 on the operating result for unit linked assurance for 1998 before taxes and MSEK 500 after taxes. The operating result for life

Netcom A.B. announces the purchase of an additional 46.8% interest in Ritabell of Estonia

NETCOM A.B. ANNOUNCES THE PURCHASE OF AN ADDITIONAL 46.8% INTEREST IN RITABELL OF ESTONIA * 35,000 Gross Cellular Subscribers as of September 30, 1998 * Population Under License of 1.5 Million * Aggregate Consideration of $58.6 Million Stockholm and New York - January 29, 1999 - NetCom A.B. ("NetCom") (Nasdaq : NECSY), the leading alternative provider of telecommunication services in Scandinavia, today announced the purchase of an additional 46.8% interest in Ritabell of Estonia ("Ritabell") and interests in a number of Internet and cable television operations in the Baltic Region. The

SCA acquires minority holding in Central Package Group

SCA acquires minority holding in Central Package Group SCA has acquired 11% of the shares in the Central Package Group through a new share issue at a price of approximately SEK 36 M. The purchase price well exceeds SCA's required return. SCA has also received an option to increase its ownership share to 51% within five years. The majority shareholder is Anthony T.H. Chen. Central Package's sales in 1998 amounted to approximately USD 50 million. The company is based in Singapore and produces approximately 50 million square meters of corrugated board and other packaging products each year.

Year-End Report 1998

Year-End Report 1998 SCA in Brief 1998 1997 Net sales, SEK M 61,273 58,595 Earnings after financial items, SEK M 5,169 4,457 Debt/equity ratio, times 0.72 0.73 Earnings per share after tax, SEK 17.07 13.98 Cash flow from operations per share, SEK 21.56 24.54 Dividend, SEK 6.50* 5.75 * Board proposal * Continued stable earnings growth during the fourth quarter, despite significant production shortfall in liner operations due to rebuilding shutdowns. * Earnings per share rose 22% compared with 1997. * Cash flow goals for the year were fulfilled. * Board of Directors proposes a dividend of SEK

Change of domicile postponed

Change of domicile postponed The offer from ICB Shipping Ltd., Singapore, on the exchange of all shares in ICB Shipping AB for newly issued shares in ICB Shipping Ltd., will not be extended. The offer, which was originally made to shareholders of ICB Shipping AB in August 1997 (and which was subsequently extended on several occasions), has not been possible to consummate due to the changes in ownership of ICB Shipping AB that have taken place after the offer was made. The boards of ICB Shipping AB and ICB Shipping Ltd. have, after consideration, determined that the information provided in

Ericsson unveils innovative new mobile phone

Ericsson unveils innovative new mobile phone Today Ericsson displayed the all new T 28 dual band mobile phone. The T 28 is based on new technology and design platforms and is set to mark a watershed in the development of cellular technology. With advanced functionality, including voice control, automatic world clock and new battery technology, the T 28 is one of the most fully featured phones. In combination with its futuristic new design, it marks a new departure for Ericsson. T 28 is the smallest GSM mobile phone developed by Ericsson to date. It boasts a full graphic display for easy

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