Edition:
United Kingdom

Johannes Hellstrom

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

27 Oct 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

23 Oct 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.

Truckmaker Volvo third-quarter breezes past forecasts as recovery gains pace

16 Oct 2020

STOCKHOLM Swedish truckmaker AB Volvo on Friday reported third-quarter core earnings well above forecasts and a big order intake jump as its recovery from a deep COVID-19-induced slump continued to gain pace.

Valmet seeks merger with Neles, challenging Alfa Laval

29 Sep 2020

STOCKHOLM Finland's Valmet has approached valves maker Neles with a merger proposal, challenging a $2 billion bid that Neles' board recommended from Swedish engineering group Alfa Laval in July.

Sweden's Atlas Copco agrees to buy Perceptron to expand into machine vision

28 Sep 2020

STOCKHOLM Sweden's Atlas Copco said on Monday it had agreed to buy U.S group Perceptron , a supplier of automated metrology products, for 630 million Swedish crowns ($69 million) to expand in machine vision and factory automation.

Atlas Copco sets sights on machine vision expansion with Isra on board

09 Sep 2020

* Atlas Copco confident on prospects for Isra Vision after deal

Auto tech firm Veoneer teams up with Qualcomm on driver software

27 Aug 2020

STOCKHOLM Veoneer will cooperate with Qualcomm Technologies on developing a software and chip platform for driver-assistance systems, the auto technology firm said on Thursday, sending its shares sharply higher.

Mining gear maker Epiroc sees pandemic hit to near-term demand

23 Jul 2020

STOCKHOLM Swedish mining gear maker Epiroc said on Thursday it expected the coronavirus pandemic to weigh on demand in the near term as it reported a quarterly earnings decline in line with market expectations and a steep fall in order intake.

Engineer Sandvik sees slow recovery in demand

16 Jul 2020

STOCKHOLM Sandvik , the world's biggest maker of metal-cutting tools, on Thursday dented hopes for a quick pick-up in industrial demand, expecting continued weakness in areas such as cars, aerospace and energy.

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