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February 14, 2012
Six Swedish firms in Fortune 500
Published: 12 Jul 07 12:48 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/7871/20070712/
Six Swedish companies have made it onto the annual list of the world's 500 most successful businesses published by Fortune magazine. The highest-ranked Swedish firm is Volvo, while Electrolux brings up the yellow-and-blue rear.
- Volvo group announces record sales for 2011 (3 Feb 12)
- Electrolux profits plunge amid weak demand (2 Feb 12)
- Ericsson shares nosedive on weak report (25 Jan 12)
BP, General Motors and Chevron follow the top three and Daimler Chrysler, Conoco Philips and Total make up the top ten.
Not until place 185 does the first Swedish company, Volvo , make an appearance on the list. The vehicle maker had a turnover of just over 35 billion dollars in 2006, putting it 99 places ahead of Ericsson (24.1 billion dollars) which rose from rank 319 to 284.
State-owned power company Vattenfall rose from place 374 last year to 355 with a turnover of 19.8 billion dollars. Nordea Bank climbed 30 places to 430 on the list. Building giant Skanska , however, slipped from 400 last year to 433 this year with a turnover of 17.0 billion dollars.
The fastest-falling Swedish company was Electrolux . The white goods manufacturer slumped from 371 on last year's list to 453 this year with a turnover of 16.4 billion dollars.
There were a number of other companies with strong Swedish ties on the list, including Astra Zeneca (252), ABB (273) and Stora Enso (393).
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