US stocks went down very strongly on Friday after several positive indicators. The fact that US growth slowed in the fourth quarter was expected, but also indicates that the US central bank will take it easy on raising interest rates, something that investors like. The Japanese central bank also surprised markets positively with the introduction of negative policy rate, which at the beginning of the trading day lifted even Europe.
Technology giant Microsoft belonged to the winners after a report was considerably better than expected. The share went up 5.8 percent.
The Dow Jones industrial index rose 2.5 percent, the Nasdaq composite index rose 2.4 percent while the S & amp; P 500 lifted 2.5 percent.
US stocks went down very strongly on Friday after several positive indicators. The fact that US growth slowed in the fourth quarter was expected, but also indicates that the US central bank will take it easy on raising interest rates, something that investors like. The Japanese central bank also surprised markets positively with the introduction of negative policy rate, which at the beginning of the trading day lifted even Europe.
Technology giant Microsoft belonged to the winners after a report was considerably better than expected. The share went up 5.8 percent.
The Dow Jones industrial index rose 2.5 percent, the Nasdaq composite index rose 2.4 percent while the S & amp; P 500 lifted 2.5 percent.
Last year the sale of such food by 39 percent, which was the highest growth rate in the world.
But the benefits of organic food is questionable. Most recently from Denmark, where a report by the International Centre for Research in Organic Food Systems in Aarhus shows that organically produced foods are not healthier for humans than the food produced in the conventional way. Not the environmentally friendly either.
The conclusion is, according to the scientists, contrary to the general perception that organic food is better for health and the environment.
According to Professor Lars Bergström, there is extensive research showing that there are no health or environmental benefits of organic food. On the contrary.
– All experiments, we show that nutrient losses will be much greater in organic farming.
The big problem, says he is to harvest only gets about half as large in organic farming, which means that the environmental ‘cost’ of each product are significantly higher.
According to the Danish report seems to organic milk production to be better for the environment, while organic pig farming is worse because it results in higher NOx emissions than conventional pig farming.
“There are many dilemmas surrounding organic food. Land animals drop their excrement out in the fields, causing nitrogen emissions with the risk of nitrate leaching, “said one of the researchers, Lizzie Melby Jespersen, the Science Nordic.
According to Lars Bergström adds the state, county councils and municipalities billions every year on subsidies for organic food – no scientific evidence that it is better for either health or the environment. This is partly about environmental aid to farmers, partly on procurement of organic food to schools and hospitals.
– I calculated once that the extra money spent on organic food in schools would suffice to 3 000 teachers. I think this is irresponsible of politicians. One of the reasons why it looks like it does is to trade earn much by selling a dream or feeling, says Lars Bergström.
Trees with large crowns, fixed sunscreen and other construction variants may be the solution for Radiation Safety Authority (SSM) gets its will to UV safe country schoolyards, writes Dagens Nyheter.
Skin cancer is the cancer that is growing fastest in Sweden and the SSM has been commissioned by the Government has drawn up proposals for measures for the next three years.
– We have realized that more information is not enough. Now we want to work with multiple tracks, one being that it should be easy to do right. Therefore we want all school grounds for pre-school children and students up to twelve years shall be UV proof, says Hélène Asp, Head of the Department of Radiation on SSM, DN.
According to the proposal is to establish a national regulatory program to be used by municipal inspectors in reviewing the school yards.
– schools and kindergartens which may fail to get injunctions to the environment must be addressed, says Hélène Asp.
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Almost every other doctor believe smokers should be denied the most advanced health care, a new study from Karolinska Institutet. This approach runs counter to the health-care law, said assistant professor of medical ethics.
The study has examined what doctors and other health professionals and the general public thinks about the patients’ own responsibility in disease .
– Doctors say a greater extent, than had been expected, that it is prepared to punish patients for past sins health. They are less likely to offer smokers a life-prolonging treatment compared to non-smokers, says Niklas Juth who is assistant professor of medical ethics.
Doctors may not punish patients for past sins through to deny them care.
It is the care needed to be applied. The study includes 600 physicians and is published in BMC Medical Ethics show that 46 per cent of GPs would deny precisely smoking expensive care.
General doctors had in which the same values as the general public, which is problematic, says Niklas Juth.
– It goes against the health care law. One should simply do not get to do it. Even sinners should receive care. They will share the care needed.
There was also , a group of doctors who did not think anyone would have the more expensive care. But they were far fewer.
It was also found that GPs were more stringent than an oncologist.
Can you understand that GPs have this perspective?
– I have great sympathy for the GPs of the hits of course many types of patients and they know that you have to prioritize and that money and resources are not enough to everything and everyone, says Niklas Juth.
While it is rarely layoff actually lead to unemployment for the cleaners, compared with other groups.
Cleaners and unions testify according to the newspapers about layoffs often enters into force in conjunction with a new contractor wins procurement, and that the conditions which can deteriorate the cleaners.
Although they have left a job does not mean that they have it just as well, says Ann-Christin Jans, director of research at the Employment Service, to the newspapers.
LO is critical:
– The winner of a tender should have the right to organize the work, but we can not let it go out of staff. My view is that it is frivolous laid off, says Chairman Karl-Petter Thorwaldsson to the newspapers.
The beloved and criticized the doll has been sold all over 56 years old and has been one of Mattel’s best-known and most important products.
But recent years have not gone any further. Sales of Barbie dolls have fallen for three consecutive years. During the first half of last year, the decline was 16 percent, according to AFP news agency.
Now expand Mattel Barbie range with three new body types in addition to the original – “curvy”, “long” and “pretty” – seven skin tones, 22 eye colors and 24 different hairstyles. The Swedish Barbie Collector Lolo Tode Palm welcomes the increased diversity:
That’s great. Since what it means, what the kids will say, that God knows, she says.
“Have a Responsibility”
Evelyn Mazzocco, director of the Barbie brand of the Mattel , says that the company is taking its responsibility for decades of criticism of Barbie’s unrealistic body type.
“We feel we have a responsibility towards girls and parents to reflect a broader view of beauty,” she said, according to a press release.
Lolo Tode Palm has Barbie’s body has never been a big issue.
I have honestly not thought much about it, other than it obviously has been a utopian body shape. But on the other hand, it has been so utopian that I do not think anyone, even children, have gone on, without realizing that this is a doll.
“mirrors society “
When it comes to criticism of Mattel that Barbie reflects a sick body image says Lolo Tode Palm:
They are birds of a feather like any other. Barbie just reflect society, and we have a sick body ideals in society.
HH: Will you buy the new dolls?
I collect only the 60-century dolls, I have nothing after. If I’m going to buy something small child sometime I do not know. Right now I have no children I need to buy a Barbie doll to.
A large group of black-clad and masked people should Aftonbladet attacking people who appear to have a foreign background in the area around the central train station in Stockholm in the evening. Before the attack the racist fliers have spread.
Swedish Radio reporter reports that at least eight police buses and several cars with heavily equipped riot police remained at the central station in the evening.
A police source says to Aftonbladet that different groups consisting of both fotbollshulliganer and Nazis moved in the city.
According to the newspaper, a large group of black-clad and masked people attacking the people who seem to have a foreign background in the area around the central station during the evening. In a film that Aftonbladet published shows how a large black clad, masked gang embarks on a number of security guards at the Sergel Square. Before the attack the racist leaflets entitled “It’s enough now” have spread, directed against the “street children” at the Centre.
“40-50 nazis in central Stockholm that has broken all non-whites they seen ..,” wrote Daniel Riazat, Left Semitic MP, on Twitter during the evening.
Police wanted initially not comment on Swedish Radio if it was something special operation, without referring to the unusually large number of people moved out because of the mild weather.
– The case of a regular salary weekend, said Albin Birch bark Mountain, press officer at the Stockholm police, to TT earlier in the evening.
Later he confirmed through police website that a person has been arrested for assault and that two people suspected of assaulting a police officer and crimes against knife law.
Jail Inspector Frederick Nylen says to Swedish Radio that he did not know more than that a man arrested after beating a policeman. Another three people into custody for disturbing public order. All four will “possibly from the same company,” said Nylen.
According Nylen’s police operation was going on at the center during the evening complete.
Christer Gardell fund Cevian went into Telia in 2006 and was for some years one of the largest shareholders. Photo: Magnus Hjalmarsson Neideman William Stokstad / TT
– We always look at all the companies in crisis or adversity. After the quick look we did on TeliaSonera we came, however, until the stock is well overpriced, despite the downturn, says Christer Gardell SvD Business.
It was at the seminar Smart Call in Stockholm on Friday that Gardell was asked if he was interested in going into Telia. Just Telia is a company Gardell know well. Cevian entered the company in 2006 and was for some years one of the largest shareholders. Together with the Swedish government ran Cevian out large bonuses from the company and at the same time drove the owners through major cost reduction program.
The investment became profitable for Telia and according to previous calculations of SvD so appreciated Christer Gardell and Cevian have earned around 2 billion crowns at Telia. The share, which went up today after the report, is still trading under $ 40, ie around the levels Christer Gardell, the summer of 2006, purchased a share of Telia.
Then, in 2006, there were several advantages of investing in Telia, except that the company had many billion at the box office, there were major costs saving and the now troubled business area Eurasia showed strong growth. Today, Telia is completely different, says Gardell.
Telia’s slide in the stock market related to the company’s announcement that it will provide one of its largest business areas, the emerging markets of Eurasia. MDJohan Denenlind explained sortin that it was time to hand over to the other new owners in Eurasia. SvD Business, however, has revealed that Telia’s problems in Eurasia with corruption is still large. Last fall had then head of the business area, stop and yesterday confirmed Telia SvD’s previous record of him leaving the company completely.
Telia will now concentrate on its core Nordic and Baltic countries . Competition is tough and aktieägaran can not count on the same profits as before from Telia’s operations.
TeliaSonera’s CEO Johan He Lind. Photo: Jessica Gow / TT
TeliaSonera Development on the stock exchange has been lousy. In the past five years, Telia’s shares fell as much as the stock market has risen 25 percent.
The comfort of the shareholders has been dividend. The dividend yield at the current share price level is sky high over even the most preferential savings accounts; this year’s dividend of SEK 3 on a share of about 40.
TeliaSonera now decided on a new dividend policy with the objective of a dividend equivalent to 80 percent of free cash flow. According to Telia, it means that you should expect a dividend of “at least SEK 2″ next year, but in an interview with Svenska Dagbladet as specify whether he Lind.
– You should of course expect a reduction, and I think is expected by the market, says Johan He Lind.
What level should the shareholders expect?
– Then you should look at the expectations in the market and they are approximately where we have put the dividend policy, at least 2 million and at least 80 percent of the cash flow.
Even so wanted Johan He Lind formally not call the change order to reduce the dividend.
– If we had continued the business with the same set today ( including Eurasia, editor’s note) and had changed the policy in this way, so investors had seen it as a setback. Therefore, it is important to say that it is not a reduction but an adaptation. But it is clear that there is a smaller absolute amount, we say for 2016 than for the 2015th
The dividend beyond 2016 due to the development of Telia Sonera’s free cash flow, which counts latter Lind with a decline this year and a rise in 2017.
TeliaSonera’s financial statements showed increased profitability in Sweden and operating margins in the Swedish operations is significantly higher than in the rest of the group, 38.5 per cent against 23.3 per cent in Region Europe and 27.8 percent in Finland.
How do you see the risk that Swedish customers feel that they have to pay for your Eurasian adventure?
– I do not see that connection that way. We have a duty to ensure that our Swedish customers get what they expect, and at the price they expect and now they get it. We have good momentum in our business both in television, broadband and mobile, says He Lind.
TeliaSonera delivers results for the fourth quarter of 2015, landing just above expectations.
On the Stockholm Stock Exchange, the market responds positively and raises the share to 3.3 per cent after the Friday opening.
The result before depreciation, EBITDA, excluding non-recurring items was 6.556 billion crowns. Analysts’ expectations were at an underlying EBITDA of 6.367 billion crowns.
EBITDA margin was to 28.9 percent, which was slightly better than expected 28.5 percent, according to SME Direkt.
The company also reported an adjusted EBITDA of SEK 25.3 billion, compared to the expected 25.7 billion crowns.
Note that EBITDA in the SME forecast is in local currency and are therefore not fully comparable with TeliaSonera’s forecast.
Net sales were 22.655 billion crowns, which can be compared to the expected 22.329 billion.
– There is a strong and good quarter. A good ending to an otherwise pretty tough year, says TeliaSonera’s CEO Johan He Lind to TT after the presentation of the financial statements.
As TeliaSonera announced previously reported region of Eurasia as a discontinued operation in the wake of corruption investigations and risk for multimillion fines. The ambition is to have left seven countries in 2016.
The business improved in Sweden where service revenues grew organically by 2.5 percent. In Europe market service revenues organically by 1 percent. At the same time, the EBITDA result for both regions, compared with the previous year.
– It is particularly gratifying to see that Sweden is running at 2.5 percent growth for the service service and ten percent of operating profit. This is the highest rate in a long time, says the CEO.
The Board proposes a dividend of SEK 3 per share for 2015, just as expected. Total share telephone company released 13 billion to shareholders, which is as much as last year.
TeliaSonera has also changed its dividend policy to adapt to a future without the strong cash flow from Eurasia. The Company intends to distribute at least 80 percent of free cash flow is based on the Group structure, pro forma excluding region of Eurasia.
To not will be too uncertain is the ambition of the company for the financial year 2016 , with payment in 2017, will distribute at least 2 per share. It was expected that a dividend of SEK 2:34 per share. The dividend shall be divided into two equal parts and paid in the second and fourth quarters.
– It’s a year during the conversion and there are many parameters, so we put two crowns as a floor. But it is in line with expectations that seem to be out there also, He says Lind.
For 2016 purposes the company to maintain EBITDA. The target refers recurring items in local currencies, excluding acquisitions and divestitures in continuing operations.
TeliaSonera believes that investment, capex in continuing operations excluding license and spectrum expected to be 14-15 billion. Analysts had expected 13.2 billion in investments in 2016.
“We expect great activity in 2016, largely due to a faster fiber rollout in Sweden. In addition, we to increase the pace of our action in the transformation, mainly for old IT systems and products, which is necessary to reduce costs and improve competitiveness in the long term “, justifies TeliaSonera’s CEO Johan He Lind in the report.
After tours in Eurasia want to TeliaSonera’s capital structure will continue to target a solid investment grade long-term (A- to BBB +).
TeliaSonera aims , also due to a gearing corresponding dimension net debt in relation to EBITDA of 1.5-2.5 times.
It appeared at a seminar in Stockholm on as Christer Gardell attended, reports Bloomberg News.
– We look at all the companies that have large setbacks so that TeliaSonera had in Central Asia, said Christer Gardell in a subsequent interview with Bloomberg News.
TeliaSonera’s core business is valued at a P / E ratio of almost 20, according Cevian’s Christer Gardell’s calculations. This is higher than many other telecom operators, which means that, according to the financier, is room for further decline in the stock.
Updated 2016-01-29 07:25. Published 2016-01-29 07:02
Overall it better than expected when Scandal-ridden TeliaSonera presents the figures for the last quarter. Sales landed at 22.655 billion crowns (21,399), slightly above expectations. The operating profit of 2.848 billion (4395) was also better than expected.
The dividend per share is waited 3 crowns. At the same time deliver Telia a new dividend policy where at least 80 percent of the company’s free cash flow to be distributed. Therefore expects Telia also to distribute at least SEK 2 per share in 2016.
Before the report was expected TeliaSonera to deliver a new dividend policy and the company announced that the dividend for 2016 is expected to be at least 2 per share.
Region Eurasia reported as discontinued operations. To date, Telia has just sold the business in Nepal. The large writedowns operations led along the impairment of the Danish operations after the deal with Telenor in Denmark weigh on earnings. Net income attributable to owners of the parent lands at minus 3.01 billion crowns (2938).
It’s been better in the Nordic operations. In the Swedish market grew service revenues by 2.5 percent organically, which improved profitability. Operating profit rose to 2.449 billion crowns (2147) and the EBITDA margin rose to 38.5 percent, over both the expectations and the result for the same period last year.
Europe fell instead service revenues while a higher demand for data received billed mobile revenues to rise 2 percent organically. This applies not least in the Finnish market, where profitability improved. Total turnover on the European market excluding Sweden landed at 11.418 billion crowns (11,227), while the EBITDA margin fell to 23.3 percent from 23.9 percent in the corresponding period last year.
Capex landed on 5.2 billion in the fourth quarter, well above expectations of just over 3.9 billion. In 2016, tracks the company that capex lands between 14 and 15 billion.
“We expect great activity in 2016, largely because of a fiber rollout in Sweden,” writes Johan Dennelid, president and CEO, in the financial statements.
The coming year is described as the culmination of the investments sometimes other fiber.
Concerns about the Chinese economy, currency instability and oil and commodity prices depressed in the basement. Crisis signals received stock speculators to flee stock markets worldwide. And the battles were heavy with downturns and upturns of 2-3 percent almost daily in January.
With a few hours left of the trading month is the Stockholm Stock Exchange OMXS index of minus 7.6 per cent after a slight recovery at the end of month.
Worse January months here in somewhat the modern era are only found in 2008, minus 12.2 percent, and in 1987, minus 11.9 percent.
very worst among sectoral indices are commodity-related companies joined, among others, Boliden in the lead.
Updated 2016-01-29 13:05. Published 2016-01-29 12:06
car safety company Autoliv unveiled on Friday a report for the fourth quarter of 2015 that beat expectations. The projected sales growth for 2016 was considerably lower than expectations and its shares fall by nearly 8 percent.
Autoliv’s fourth quarter was consistently better than analysts’ expectations, according to SME Direkt. Profit before tax ended at $ 265 million, corresponding to SEK 2.3 billion, which was 11 percent above analysts’ forecasts. The operating margin was 11.2 percent, which was 1 percentage point higher than expected.
Sales landed at $ 2.52 billion which also beat analysts’ forecast of $ 2.453 billion. In 2016, the company expects to make major future investments to maintain its position in car safety.
“We plan record investment in R & D in the upper part of the range of 6-6.5 percent of sales, all for us to be at the forefront of the rapid development, “the company’s CEO Jan Carlson in this report.
Autoliv’s organic growth for active safety systems rose 29 , 1 percent in the fourth quarter, compared with 36 percent in the third quarter of 2015th
A blot on report protocol, however, the outlook for 2016. The company traces an organic sales growth for the full year 2016 at 5 percent. Then the expected currency translation effects have a negative effect of 3 percent and the increase of total sales, lands thus of greater than 2 percent for the full year 2016 expected, the sales growth of 11.1 percent, according to SME Direkt.
Despite the strong figures for the fourth quarter of 2015 was received the report with acidic minder of the market. Shortly before 13, the stock had fallen by 7.6 percent.
TeliaSonera delivers results for the fourth quarter of 2015, landing just above expectations.
On the Stockholm Stock Exchange, the market responds positively and raises the share to 3.3 per cent after the Friday opening.
The result before depreciation, EBITDA, excluding non-recurring items was 6.556 billion crowns. Analysts’ expectations were at an underlying EBITDA of 6.367 billion crowns.
EBITDA margin was to 28.9 percent, which was slightly better than expected 28.5 percent, according to SME Direkt.
The company also reported an adjusted EBITDA of SEK 25.3 billion, compared to the expected 25.7 billion crowns.
Note that EBITDA in the SME forecast is in local currency and are therefore not fully comparable with TeliaSonera’s forecast.
Net sales were 22.655 billion crowns, which can be compared to the expected 22.329 billion.
– There is a strong and good quarter. A good ending to an otherwise pretty tough year, says TeliaSonera’s CEO Johan He Lind to TT after the presentation of the financial statements.
As TeliaSonera announced previously reported region of Eurasia as a discontinued operation in the wake of corruption investigations and risk for multimillion fines. The ambition is to have left seven countries in 2016.
The business improved in Sweden where service revenues grew organically by 2.5 percent. In Europe market service revenues organically by 1 percent. At the same time, the EBITDA result for both regions, compared with the previous year.
– It is particularly gratifying to see that Sweden is running at 2.5 percent growth for the service service and ten percent of operating profit. This is the highest rate in a long time, says the CEO.
The Board proposes a dividend of SEK 3 per share for 2015, just as expected. Total share telephone company released 13 billion to shareholders, which is as much as last year.
TeliaSonera has also changed its dividend policy to adapt to a future without the strong cash flow from Eurasia. The Company intends to distribute at least 80 percent of free cash flow is based on the Group structure, pro forma excluding region of Eurasia.
To not will be too uncertain is the ambition of the company for the financial year 2016 , with payment in 2017, will distribute at least 2 per share. It was expected that a dividend of SEK 2:34 per share. The dividend shall be divided into two equal parts and paid in the second and fourth quarters.
– It’s a year during the conversion and there are many parameters, so we put two crowns as a floor. But it is in line with expectations that seem to be out there also, He says Lind.
For 2016 purposes the company to maintain EBITDA. The target refers recurring items in local currencies, excluding acquisitions and divestitures in continuing operations.
TeliaSonera believes that investment, capex in continuing operations excluding license and spectrum expected to be 14-15 billion. Analysts had expected 13.2 billion in investments in 2016.
“We expect great activity in 2016, largely due to a faster fiber rollout in Sweden. In addition, we to increase the pace of our action in the transformation, mainly for old IT systems and products, which is necessary to reduce costs and improve competitiveness in the long term “, justifies TeliaSonera’s CEO Johan He Lind in the report.
After tours in Eurasia want to TeliaSonera’s capital structure will continue to target a solid investment grade long-term (A- to BBB +).
TeliaSonera aims , also due to a gearing corresponding dimension net debt in relation to EBITDA of 1.5-2.5 times.
The Governor Haruhiko Kuroda. Photo: imago / Xinhua / All of Press
The Japanese central bank took on Friday unexpectedly decided to cut the key interest rate to 0.1 percent, from the previous level of 0.1 percent. It reports Dow Jones Newswires.
The central bank says in a statement that the measure intends to prevent nedsiderisker and maintain momentum for achieving the inflation target of 2 percent. Uncertainty over the Chinese economy and the continued fall in oil prices given the risks to the inflation outlook.
“We will cut interest rates further if deemed necessary”, said the central bank.
The central bank also lowered forecast Core-CPI +0.8 percent for the next fiscal year starting in April, from the previous +1.4 percent, and pushed up the forecast for the inflation target be reached on the first half of fiscal year 2017.
The decision was taken by a vote of 5-4 in favor of the first to introduce negative interest rates in Japan. Bond purchasing program was submitted at the same time unchanged, by a vote of 8-1, like the previous meeting.
The central bank has kept monetary policy unchanged since October 2014, after the bond purchasing program was introduced in April 2013.
The Japanese Central Bank President Haruhiko Kuroda said as recently as a week ago that he was considering lowering the key interest rate to negative.
Of the 42 surveyed economists in the Bloomberg survey, no one thought that the central bank would lower the federal funds rate today. Only six judged that the bond purchase program would be expanded.
Oil prices took a big jump on Thursday following reports that ministers from the largest oil countries will meet to discuss the reduced production. It writes among others Bloomberg.
information about a meeting in February comes from the Russian Energy Minister Alexander Novak.
The head of the Russian pipeline monopoly said that the decision-makers in Russia have decided that they should talk with Saudi Arabia and other OPEC ies to rein in production, in order to push up oil prices, writes CNBC.
Previously, countries like Nigeria and Venezuela wanted to cut down production, but so far little evidence suggested that the major producers have been ready for such a decision. Saudi Arabia has instead sought to protect market share from among other US shale oil producers.
Brent crude jumped to over USD 35 a barrel on Thursday afternoon, 8 percent higher than the 12-year low earlier in January. Also, the American WTI oil rose sharply.
– It looks more and more like this is the first sign that giving up the global production War. After expenses hijacked and projects put on hold would be a 5 percent cut bring the market in balance, said Phil Flynn, analyst at Price Futures Group in Chicago, told Bloomberg.
- We believe that the markets will start to come into balance in 2016, and that the demand for energy in all its forms will continue to increase, says a minister at the Saudi Petroleum and Mineral Department according to CNBC.
H & amp; M’s CEO Karl Johan Persson said in his CEO commented that the company is in a very expansive phase. The plan is to increase the number of stores by 10 – 15 percent per year in the future.
– 2015 has been a very expansive year for H & amp; M Group. We have opened 413 new stores net of which 249 in the fourth quarter, ten new H & amp; M-online markets, and had successful establishment of the new retail markets: India, South Africa, Peru, Taiwan and Macao. Overall, we now have stores in 61 markets and online sales in 23 of these, he says.
Sales development for all Group brands: H & amp; M, H & amp; M Home, COS, & amp; Other Stories, Weekday, Monki and Cheap Monday, he estimates as well.
During the year the group sold for a total of 210 billion including VAT, which is an increase of 19 percent in Swedish kronor. In local currencies the increase was 11 percent.
Net profit after tax increased to SEK 20.9 billion, which is the H & amp; M’s best results ever – despite the strong US dollar increased costs purchases significantly .
Full year (2014-12-01 – 2015-11-30)
Well-received collections for H & amp; M Group’s brands contributed to the good sales of 210 billion including VAT and increased market share.
H & amp; M Group’s sales excluding VAT increased by 19 percent to 180,861 (151,419) million Swedish kronor during the financial year. In local currencies the increase was 11 percent.
The gross profit increased by 16 percent to 103.167 billion Swedish kronor (89,052), corresponding to a gross margin of 57.0 percent (58.8).
The profit after financial items increased by SEK 1.3 billion and amounted to 27.242 billion crowns (25,895), an increase of 5 percent. Consolidated profit after tax rose to 20.898 billion crowns (19 976), corresponding to SEK 12:63 (12:07) per share, an increase of 5 percent.
The increase in earnings means that SEK 75 million has been allocated to H & amp; M’s reward program HIP, H & amp; M Incentive Program, which caters to all employees.
Very strong expansion during the year. In total, 413 (379) new stores net and ten new online markets. At year-end, the number of online markets to 23 and the number of stores to 3,924 in 61 markets.
Over 16 000 new jobs were created in the H & amp; M Group during 2015. At year-end number of employees totaled just over 148 000 (132 000).
STEEL: EU PROPOSES IMPORT COLD ROLLED from China, Russia
2016-01-28 11:42
STOCKHOLM (AFX) The European Commission proposes import duties on cold-rolled steel products from China and Russia, while the Commission continues to investigate suspicions of dumping.
The Commission proposes temporary tariffs of up to 16 per cent for China and for up to 26 percent for Russia until further notice, said sources told Reuters.
The EU already has to import duties on stainless steel from China and Russia.
SSAB step of the data.
Exchange Editorial: +46 8 5191 7910, http://twitter.com/direktse Direkt
Atlas Copco CEO Ronnie Leten Photo: Magnus Hjalmarsson Neideman
Workshop giant Atlas Copco was the first among the heavy engineering companies to show figures for the fourth quarter. Record sales despite the outlook for 2016 quite gloomy and shares fell 7 percent on the report.
The company offers a mixed picture in which the activities of the service overall is good while the equipment is tougher, especially in the mining, oil and shipbuilding. Here Ronnie Leten no reason to believe a turnaround.
– On Monday, I spoke with three guys in Texas and they said Ronnie, I think we have reached the bottom now (for oil prices, editor’s note) but I said that I have heard before, told Ronnie Leten at Thursday’s press conference in the disused mine under the Group Center in Sickla.
To further describe the tough conditions prevailing described he how it may look in the Group’s largest business area, Compressors.
If you visit a shipyard there may be ten large compressors there and maybe two or three are running.
The result was something worse than expected, operating profit landed at 4.824 billion kronor for the quarter of 2015, which can be set against analysts’ expectations of 5.012 billion crowns.
Order intake decreased of 4 percent, while Asia showed a spigot at 7 per cent and Latin America at 12 percent.
India is very strong, very nice growth in all areas and even in mines, but in China it is tough in the coal, shipbuilding and steel, said Leten.
The sharp price declines for raw materials makes it particularly dramatic in the Company’s mining operations. Order intake and sales fell for the second consecutive quarter, demand for new equipment is weak. Of sale, price pressure is intense.
– Mining companies are hard pressed. I have great respect for those who must negotiate with buyers, said Leten.
in profitability mining operations have gone down but redovisaar still a profit margin of nearly 18 percent, compared with 19 percent for the group.
The company raises dividend by 30 cent to SEK 6.30 per share. Sales landed at 25.6 billion for the quarter, slightly lower than expectations at 25.6 billion. For the full year, Atlas Copco reported sales of $ 102 billion, the first time it reached sales of over 100 billion.
– We report record figures but nobody cares about that. And yes, we have a tough year ahead but there are opportunities. For us it is important to increase our market share, Leten said.
For the rest think Leten that the stock market is hypersensitive terms of bad news from China.
– I think that the market is a little worried when it comes to China. If we get a new devaluation of the Chinese currency, so it will be tough but it is still done business in China, said Leten.
A critical factor for 2016 is the oil price. Ronnie Leten has a good network and should be able to give a reliable forecast as to whether the bottom has been reached.
– Nobody wants to venture on giving any forecast, but $ 30 is the low price, said Leten.
The weather is different from what one might expect of the seasons is a nightmare for every garment sixth.
At the press conference after the report, told H & amp; M to the hot autumn in Europe had been tough. Sales were admittedly good in September and October – but in November the heat was noticeable in sales figures.
Yet, the clothing empire report operating income of 7 billion for the fourth quarter, which is what analysts expected.
READ ALSO: H & amp; M scrimp on dividends
Despite the falling price of H & amp; M by nearly 4 percent after one hour of trading.
The reason is judged to be about concern for H & amp; M s vulnerability to a strong dollar development, and that the dividend ended at SEK 9.75 per share, compared to just over SEK 10 as expected.
The US dollar’s strong performance can be a challenge for H & amp; M as the company purchases in large part is traded in dollars. The strong US dollar increased costs, H & amp; M’s purchasing substantially, according to Persson’s closing comment.
– We have achieved our highest ever results. This is despite the strong dollar trend, says Karl-Johan Persson.
H & amp; M expects to continue growing in 2016 and open about 425 stores.
– We have had a strong expansion in the year. First, we have opened up many new stores, and we have moved into new countries. We have rolled out our online store to many new markets, says Karl-Johan Persson.
Also read: Market disappointed at reports
H & amp; M conducts an annual customer survey on the different markets , where the company compared its position both on previous years, and against competitors.
– It is pleasing to see that we have a very strong position and we have strengthened our position further, says Persson.
Follow Your Money on Facebook – where you can comment and discuss our articles.
The clothing giant H & amp; M parried both the warm autumn and the strong dollar – and delivered over 7 billion in operating profit, which is what analysts expected.
It was a proud Karl-Johan Persson, CEO, H & amp; M, which met the press after the report has been presented in the morning.
– We have achieved our highest profit ever – despite the strong dollar trend
The weather is different from what you can expect from the season is a nightmare for every garment sixth.
At the press conference after the report, told H & amp; M to the hot autumn in Europe had been tough. Sales were admittedly good in September and October – but in November the heat was noticeable in sales figures.
Yet, the clothing empire report operating income of 7 billion for the fourth quarter, which is what analysts expected.
READ ALSO: H & amp; M scrimp on dividends
Despite the falling price of H & amp; M’s B share by almost 4 percent after one hour of trading.
12.15 low share price down by 4.3 percent.
The reason is judged to be about concern for H & amp; M’s vulnerability to a strong dollar development, and that the dividend ended at SEK 9.75 per share, compared to just over SEK 10 as expected .
There is also disappointment about the outlook for H & amp; M’s sales – the market had expected a sales increase of 11 percent in January, but H & amp; M flag of a day for a sales increase of 7 percent.
The US dollar’s strong performance can be a challenge for H & amp; M as the company purchases in large part is traded in dollars. The strong US dollar increased costs, H & amp; M’s purchasing substantially, according to Persson’s closing comment.
– We have achieved our highest ever results. This is despite the strong dollar trend, says Karl-Johan Persson.
H & amp; M expects to continue growing in 2016 and open about 425 stores.
– We have had a strong expansion in the year. First, we have opened up many new stores, and we have moved into new countries. We have rolled out our online store to many new markets, says Karl-Johan Persson.
Also read: Market disappointed at reports
H & amp; M conducts an annual customer survey on the different markets , where the company compared its position both on previous years, and against competitors.
– It is pleasing to see that we have a very strong position and we have strengthened our position further, says Persson.
Follow Your Money on Facebook – where you can comment and discuss our articles.
Atlas Copco reports an operating profit of 4.824 billion crowns for the fourth quarter of 2015, giving an operating margin of 18.9 percent. Earnings include a nonrecurring item of SEK -95 million.
Analysts’ average forecast operating income amounted to 5.012 billion crowns and 19.6 percent operating margin. This includes an expected nonrecurring item of SEK -1 million.
The sales amounted to 25.582 billion crowns for the period. Here lay SME Direkt consensus forecast of 25.609 billion crowns.
A dividend of SEK 6:30 per share proposed (2014: 6 + 6 billion). According to SME Direkt was expected to average 6:21 crowns.
Atlas Copco takes a cost of 2.802 billion crowns in the fourth quarter related to tax claims in Belgium. Ahead of the report, the company had guided for such a provision in the results (of the bottom line, not in the operating result) of 2.78 billion crowns.
Strong in Europe but weaker in the United States and China
Europe and India improved while order levels fell in markets like the US, China, Brazil and Australia.
It writes Atlas Copco’s CEO Ronnie Leten in the comment on the fourth quarter of 2015 in the engineering group’s financial report.
In Europe, order bookings increased according to the report by 2 percent in local currencies in North America fell 6 percent, while in Asia recorded 7 percent lower.
Overall, backed order intake for the entire Group by 2 percent, and 5 percent organically.
Sectoral mention Ronnie Leten a good demand from the automotive and electronics, but continued weak demand from segments of mining, construction, oil and gas.
