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Metso raises its profitability target

Metso Corporation’s stock exchange release on October 27, 2023, at 8:55 a.m. EESTMetso’s Board of Directors has decided to update the company’s financial targets. The company’s focused portfolio, built around its Aggregates and Minerals segments, and the positive development seen in its profit-making capabilities have driven the profitability target to a new level. Going forward, the Group’s profitability target will call for an adjusted EBITA margin exceeding 17% over the cycle (previously exceeding 15% over the cycle). The company’s other financial targets remain unchanged.After the

Electrolux Group steps-up cost reductions and organizational simplifications

Against the background of continued weak consumer demand and competitive pressure in the market, Electrolux Group is stepping up its cost reduction efforts to restore margins. The actions are expected to result in net cost savings of SEK 10-11bn in 2024 vs 2022, compared to the previous cost reduction target of over SEK 7bn, and lead to a restructuring charge of SEK 2-2.5bn in the fourth quarter of 2023. The Group will reorganize into three regional business areas and two global product lines reporting to the CEO, leveraging the Group’s global scale with fewer layers, resulting in increased

Skanska one of world’s best employers, says Forbes Magazine

Skanska has been ranked as one of the world’s best employers in a survey of global industry peers by respected business magazine Forbes. The exclusive “World’s Best Employers” list is based on surveys with more than 170,000 employees in over 50 countries who work for multinational companies and institutions, conducted by market research company Statista.The ranking demonstrates that the company is on the right path, says Anders Danielsson, Group CEO and President of Skanska. “As CEO, one of my main aims is to make sure that we create and maintain a workplace culture that is inclusive,

Cloetta AB interim report Q3: July – September 2023

Cloetta continues to deliver strong double-digit growth in both Branded packaged products and Pick & mix, despite a large retail customer in the UK going into administration. The overall strong sales were accompanied by strengthened profit primarily driven by mix, pricing and cost control. The Greenfield facility is progressing through the permitting process with an expected new timeline.· Net sales for the quarter increased by 19.5 per cent to SEK 2,148m (1,798) including a positive impact from foreign exchange rates of 7.3 per cent. · Sales of Branded packaged products increased

Interim report January – September 2023

Strong quarter with improved profitability   July – September 2023 • Net sales increased by 18.7 percent and amounted to SEK 3,310 (2,788) million. Organic growth adjusted for currency effects amounted to 3.0 (7.8) percent. • EBITA increased by 22.7 percent and amounted to SEK 246 (201) million. The EBITA margin was 7.4 (7.2) percent. • Depreciation/amortisation of property, plant and equipment and intangible assets increased by SEK 15 million and amounted to SEK 133 (118) million. • Operating profit (EBIT) increased by 24.1 percent and amounted to SEK 194 (156) million.

Rikshem's Interim report January–September 2023: Positive progress and steady decline in market vacancy rate

Rikshem's rental income was up 10.1 percent during the period. Net operating income was MSEK 1,495 (1,381), up 8.3 percent. Property investments in the period totaled MSEK 1,333 (1,779)."Despite the challenging times that have had a major impact on the property sector, Rikshem has seen positive progress, including a decline in market vacancy rates. Property expenses increased more than income in percentage terms during the period, but on the positive side, electricity costs started to fall and electricity subsidies for businesses has now been paid. Net operating income was up year-on-year,

Interim report 1 January – 30 September 2023

Third quarter 2023 · Order intake increased by 11% to SEK 7,262 million (6,535). For comparable units, it was a decrease of 2%. · Net sales increased by 17% to SEK 7,851 million (6,707). For comparable units, it was an increase of 3%. · EBITA increased by 15% to SEK 1,190 million (1,035), corresponding to an EBITA margin of 15.2% (15.4%). · Profit for the quarter decreased by 2% to SEK 680 million (691), and earnings per share amounted to SEK 1.87 (1.90). · Cash flow from operating activities amounted to SEK 1,227 million (624). 1 January – 30 September 2023 · Order

Electrolux Professional AB interim report Q3 2023

Third quarter, July–September 2023· Net sales amounted to SEK 2,752m (2,782). Sales decreased by 1.1%. Organically sales decreased by 5.3%. Currency had a positive effect of 4.3%. · EBITA amounted to SEK 290m (317), corresponding to a margin of 10.5% (11.4). · Operating income amounted to SEK 247m (277), corresponding to a margin of 9.0% (10.0). · Income for the period amounted to SEK 159m (195), and earnings per share was SEK 0.55 (0.68). · Operating cash flow after investments amounted to SEK 333m (56). Alberto Zanata, President and CEO: "Somewhat weaker sales and

Hoist Finance interim report Q3 2023

”After two years of reshaping Hoist Finance, I am delighted to say that we have met or exceeded all of the targets set within the Rejuvenation Programme. As a result, this quarter’s return on equity came in at 19 per cent, firmly establishing that we are on track to meet our target for return on equity exceeding 15 per cent. Our capital base has increased by about 50 per cent in the last two years, enabling continued strong growth. We continue to have the lowest cost of funding in the industry and a scalable business model that provides us with excellent opportunities to increase our market

Strong development for user growth and recurring revenues

Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, report a decrease in net sales of 11 percent to SEK 398.7 million (450.1) combined with an adjusted EBITDA of SEK 145.8 million for the third quarter (181.5). The EBITDA margin was 36.6 percent and profit after tax amounted to SEK 105.0 million (143.3).“During the third quarter our user base grew by another 12 million monthly active users and reached an average of 368 million monthly active users. Consumer subscriptions grew almost twice as fast as the total user base, increasing both our

Tobii Dynavox Interim report for the third quarter 2023

Tobii Dynavox AB (publ) today announced its results for the third quarter of 2023. Comment by Tobii Dynavox CEO Fredrik Ruben: We continue to experience strong growth, despite significantly tougher comparative figures, with all product and user groups on the rise. At the same time, we are making good progress toward our long-term EBIT margin target. In September, we completed the acquisition of the German company Rehadapt, as planned. We continue to invest in skills, systems and tools to ensure continued growth and profitability, while increasing the scalability of the business.

Interim report January – September 2023 Sweco AB (publ)

Sweco’s (NASDAQ: SWEC-B) third quarter report demonstrates continued strong growth and increasing EBITA levels. The order book was strengthened with projects that support clients in the green transition in Europe and overall demand for Sweco’s services remained stable. Three acquisitions were announced in the quarter, amounting to a total of 10 acquisitions and more than 1 200 new experts joining Sweco during the year so far.July–September 2023 · Net sales increased to SEK 6,417 million (5,372) · EBITA increased to SEK 465 million (382), margin 7.2 per cent (7.1) · EBITA

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Lindex reports strong result increase and continued sales growth

Today, Lindex presents its interim report for the third quarter of 2023 as well as the first nine months of the year. The fashion company reports a strong increase in result and continued sales growth in both its physical stores and digital channels. Lindex’s operating result* for the third quarter amounted to 307 MSEK, which is an increase of 30.1 per cent compared with the same period previous year (236 MSEK 2022). The operating result* for the first nine months of the year amounted to 781 MSEK, which is an increase of 10.2 per cent compared with previous year (709 MSEK 2022).

AFRY is extending the improvement programme in Infrastructure and restructures AFRY X

To address the weak financial performance in two divisions, the ongoing improvement programme in Infrastructure has been extended and AFRY X has of October 1 been dismantled as a division.To increase the margin and meet a weaker market, the pace and the scope of the ongoing improvement programme in Infrastructure is ramped up.  -          Structural and capacity adjustments with a planned reduction of approximately 300 full-time positions, of which 150 positions in Sweden and Finland with estimated restructuring costs of SEK 50 million in the fourth quarter, as well as the remaining 150

Interim Report January-September 2023

Continued growth in a challenging quarter Third quarter 2023 – Net sales increased by 14.3 percent to SEK 6,059 million (5,298) – Organic growth adjusted for calendar effects was 8.9 percent (10.4)   – EBITA, excl. items affecting comparability, was SEK 326 million (384) – EBITA margin, excl. items affecting comparability, was 5.4 percent (7.3) – EBITA totalled SEK 310 million (376) – EBITA margin was 5.1 percent (7.1) – EBIT (operating profit) amounted to SEK 270 million (265) – Basic earnings per share: SEK 1.32 (1.59) January–September 2023 – Net sales

Stockmann Group’s Interim Management Statement, 1 January – 30 September 2023

Continued strong performance for Lindex; Stockmann Group’s third quarter adjusted operating result decreased slightlySTOCKMANN plc, Interim report, 27.10.2023 at 8:00 EET   Stockmann Group’s Interim Management Statement, 1 January – 30 September 2023   Continued strong performance for Lindex; Stockmann Group’s third quarter adjusted operating result decreased slightly   July–September 2023: · The Stockmann Group’s revenue was EUR 226.9 (244.0) million. The revenue decreased by 7.0%, and in local currencies the decrease was 1.7%.- The Lindex division’s revenue

Q-Free: Third quarter and first 9 months 2023 financial results

(Trondheim, 27 October 2023) Q-Free ASA (Q-Free, OSE: QFR) reported total revenues for the second quarter of 2023 of NOK 305 million, up 42% from the same quarter last year, and an EBITDA of NOK 25 million. "Q-Free delivered another solid quarter with a significant y/y increase in revenue and EBITDA. There is continuously a lot of activity in the intelligent transport systems market as the technology we deliver is identified as being key to solve an urgent and unmet worldwide need for free-flowing, clean, and safe transportation," says Trond Christensen, CEO of Q-Free. The order

Diös Fastigheter’s Interim Report Jan-Sep 2023

During the third quarter, Diös delivers a strong operating profit with a surplus ratio of 73 per cent and an occupancy rate of 92 per cent. The operating surplus increased by 16 per cent and income increased by 11 per cent compared with the same quarter in 2022. The property management income was SEK 221m, a decrease of 24 per cent compared with the same quarter in 2022. The company navigates and works actively in a changing world.  Third quarter of 2023 · Income increased by 11 per cent

SKF Nine-month report 2023: Resilient margins and strong cash flow despite slowdown in demand

Gothenburg, 27 October 2023 Rickard Gustafson, President and CEO: “During the quarter we continued to see a slowdown in demand from a weakening economic sentiment and customers reducing their inventories. Despite this, our profitability was resilient, and our cash flow remained strong as we continued to manage costs, prune the portfolio and reduce working capital whilst continuing to invest in innovation and further improving our manufacturing footprint as part of our strategic transformation and new decentralized way of working. Solid performance in a challenging market

Tokmanni Group’s Board of Directors establishes Sustainability and Personnel Committee

Tokmanni Group Corporation     Stock exchange release     27 October 2023 at 8:00 a.m.The Board of Directors of Tokmanni Group Corporation has decided to establish a new Board committee to prepare matters pertaining to sustainability and personnel. The Sustainability and Personnel Committee will assist the Board of Directors of Tokmanni Group Corporation in matters related to the environment, society and governance (ESG). Equally, the Committee will advise the Board on matters relating to the remuneration, performance evaluation, appointment and successor planning of the Group’s President

Tokmanni’s financial reporting and Annual General Meeting in 2024

Tokmanni Group Corporation     Stock exchange release     27 October 2023 at 8:00 a.m.Tokmanni Group Corporation will publish its Financial Statement Release, Half Year Financial Report and two Business Reviews during 2024 as follows: 22 March 2024: Financial Statements Review for 202317 May 2024: Business Review for January-March 202416 August 2024: Half Year Financial Review for January-June 202415 November 2024: Business Review for January-September 2024 The 2023 Report by the Board of Directors and Financial Statements will be published during week 15. Tokmanni's Annual

The future of renewable energy.

The progress in renewable energy in recent years has been impressive, and it looks as if the green revolution has only just begun. With increased awareness of climate change and the need to reduce dependence on fossil fuels, the world has begun to reassess its energy supply. Within the next ten years, charging stations, solar parks, and BESS (Battery Energy Storage Systems) are expected to play a decisive role in transitioning to a sustainable energy future.Charging posts Electric cars have become increasingly common, so the need for charging infrastructure has increased dramatically.

SKF concludes strategic review of Aerospace business; strengthens its core business

Gothenburg, 27 October 2023: Following the completion of a strategic review of its Aerospace business, SKF is further strengthening and investing in its Aerospace core areas, but also exploring strategic options to fully or partially exit business lines that are non-core. SKF’s Aerospace business is refocussing around its core areas related to the aeroengine and aerostructure bearing offers. These areas will be further strengthened through accelerated investments, including digitalization, automation, and additional modernization activities of the Group’s factories. Rickard Gustafson,

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