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May 28, 2012
Turnover
The following articles have been tagged with "Turnover":
Viagra helps Swedish gangs get profits up
National: 21 May 12
Viagra and other impotency drugs appear to have replaced cocaine as the drug of choice for Swedish motorcycle gangs looking to profit from the illegal drugs trade.
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Elderly woman had 52 different care givers
Science & Technology: 22 Apr 12
Over the course of one year, an elderly woman was visited by 52 different care givers from home care services. Her daughter is now pleading for help from Ängelholm municipality, asking that something be done about the high staff turnover.
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Spotify CEO gives stock market the cold shoulder
Science & Technology: 13 Apr 12
Despite a predicted turnover of six billion kronor ($887 million) in 2012, Spotify’s CEO Daniel Ek has revealed that a stock exchange listing is not on the cards for the Swedish online music company.
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Gaming industry booming in Sweden
Science & Technology: 25 Mar 12
Swedish gaming developers are experiencing a boom, as turnover for TV and computer games increased by at least 50 percent last year, according to industry spokespeople.
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Sweden's foreign tourist figures fail to impress
Business & Money: 21 Mar 12
Foreign tourists continue to visit Sweden, but not in the numbers expected by experts, who been forced to dial down their expectations for the future of Swedish tourism.
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Booze and butter boost Norwegians' Swedish spending spree
Business & Money: 7 Mar 12
Cheap Swedish alcohol and a plentiful supply of butter helped entice Norwegians to spend more than 13 billion kronor ($1.9 billion) during one-day shopping trips to Sweden last year, new statistics show.
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Fake invoice fraud on the rise in Sweden: report
Business & Money: 3 Jan 12
The practice of sending fake invoices to companies and private citizens by fraudsters has increased by 340 percent in the last six years, making police label it Sweden's new "social problem".
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Swedish Santa gets windfall for Christmas
National: 2 Jan 12
Aside from the occasional snack, it's not common for Santa Claus to be the receiver of gifts at Christmas, but this year one lucky Santa in northern Sweden had a bit of a windfall after a gifted betting slip turned out to be a winner.
READ »
Ikea founder donates millions to 'hometown' Swedish university
Business & Money: 23 Dec 11
Ikea founder Ingvar Kamprad has donated nearly 1 billion kronor ($146 million) to launch a new foundation to support research at Linneaus University in Kamprad's native region of Småland in south central Sweden.
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Japanese clothes giant to rival H&M in Sweden
National: 3 Nov 11
The Japanese retail giant Uniqlo might be taking on Swedish cheap n´chic brand H&M on its own territory as the company is said to be looking for premises in the heart of Stockholm's shopping district.
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Lundin Petroleum reports bumper profits
Business & Money: 2 Nov 11
Swedish oil and gas firm Lundin Petroleum has reported a profit before tax of $166.6 million for the third quarter, up from $105.4 million in the corresponding period of 2010 and over analyst expectations.
READ »
No recession cuts in Swedes' 'vanity' budget
Business & Money: 31 Oct 11
Despite the turbulent financial climate, Swedes aren't cropping their beauty budget, according to recent figures from Statistics Sweden.
READ »
H&M deliver upbeat report
Business & Money: 29 Sep 11
Swedish clothing giant Hennes & Mauritz reported a profit before tax of 4.85 billion kronor ($717 million) for the period June-August, exceeding analyst forecasts and helping to boost the stock market on Thursday.
READ »
Top ten Swedish tech innovations
Science & Technology: 7 Sep 11
Sweden is renowned for its innovation and strong research tradition and The Local has compiled a list of ten technological breakthroughs of the last decade.
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Nordea cuts 2,000 jobs
Business & Money: 29 Aug 11
Nordea, the biggest bank in the Nordic region with around 34,000 employees, said Monday it planned to cut some 2,000 jobs across the region by the end of 2012 to counter the effects of rising costs.
READ »
Care home staff placed bets on patient's death
National: 27 Aug 11
Three workers at a nursing home in Växjö in south central Sweden have been sacked after they were discovered to have placed bets on when one of the patients would die. They then dressed the corpse up in sunglasses.
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Sending money abroad? Time to ditch your bank
Business & Money: 28 Jul 11
If you’re an expat who uses your bank to transfer money abroad, you’ll know that extortionate fees and bad exchange rates can leave a big hole in your pocket. Using a currency specialist can cut these costs dramatically. Here is how.
READ »
Sweden has housing bubble: politician
National: 24 Jul 11
Falling housing prices in Sweden, coupled with a shrinking turnover on the housing market and rising interest rates are increasing the risk of a possible housing bubble, according to an opinion piece in Swedish media by a leading Social Democrat.
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Swedish mobility service recruits Senegalese help
Business & Money: 18 Jul 11
Swedes looking to order transportation services may from 2012 find their calls re-directed to one of 32 Swedish-speaking operators in Dakar, Senegal.
READ »
National Debt Office approves Saab deal
Business & Money: 5 Jul 11
The Swedish National Debt Office announced its decision to approve Saab's request to sell a large part of their shares on Tuesday.
READ »
Dairy giant Arla in merger talks with Milko
Business & Money: 9 Jun 11
Swedish dairy firms Arla and Milko have announced that they are in discussions over the terms of a merger in a move taken as a result of Milko's parlous finances.
READ »
Volvo Cars reports sales, profits boost
Business & Money: 12 May 11
Swedish automaker Volvo Cars reported a profit of 2.34 billion kronor ($369 million) for 2010, marking a massive swing back into profit compared 2009.
READ »
Skanska posts profits fall
Business & Money: 5 May 11
Swedish construction firm Skanska has reported a pre-tax profit of 451 million kronor for the first quarter of 2011, less than half the 936 million kronor posted in the corresponding period of 2010.
READ »
Sweden's Ericsson posts massive profits hike
Business & Money: 27 Apr 11
Swedish telecom giant Ericsson reported a whopping 224 percent rise in profits on Wednesday, surprising analysts and sending its stock up almost 7 percent in early trading.
READ »
'Unstable' firms bringing workers to Sweden
Business & Money: 15 Apr 11
Many of the companies approved to bring foreign workers to Sweden every year have little or no turnover or go bankrupt shortly after the labour migrants arrive, according to a new report.
READ »
Sweden to fight EU ruling on VAT for non-profit groups
Business & Money: 31 Mar 11
The Swedish government has announced that it is to "fight all the way" against an EU Commission ruling to reject an application to restrict the levy of VAT payable by non-profit groups.
READ »
Malmö braces for Scandinavia's largest shopping mall
Lifestyle: 30 Mar 11
A mall billed as one of Europe’s most spectacular shopping centres is under construction in Malmö, but questions remain as to whether the city can handle the massive expansion in retail space, The Local's Karen Holst discovers.
READ »
Foreign degrees pose Swedish jobs challenge
Analysis & Opinion: 23 Mar 11
Many employers require foreign-earned diplomas and certifications to be translated and verified according to Swedish standards; an often expensive and time-consuming process, The Local's Karen Holst has found.
READ »
Volvo Group names insider as new CEO
Business & Money: 16 Mar 11
Sweden's Volvo Group has appointed Olof Persson, current head of Volvo Construction Equipment, to take over as the heavy vehicle maker's new CEO following the departure of Leif Johansson.
READ »
SAS disappoints as losses mount
Business & Money: 9 Feb 11
Scandinavian airline SAS on Wednesday posted larger than expected losses for the final quarter 2010 due in part to the Icelandic ash cloud, although said that it hopes to return to profit in 2011 as the market recovers.
READ »
Swedish employers want good-looking staff: study
Business & Money: 7 Feb 11
Swedish employers look for staff who are good-looking and not overweight, according to a new survey.
READ »
Electrolux earnings fall below expectations
Business & Money: 2 Feb 11
Fourth quarter results for Swedish white goods manufacturer Electrolux failed to meet expectations, as the rising cost of raw materials put additional cost pressure on the company.
READ »
ABB closes Egypt factories over unrest
Business & Money: 1 Feb 11
Swiss Swedish engineering giant ABB said on Tuesday that it had decided to temporarily shut factories in Egypt due to the continued unrest in the country.
READ »
Astrid Lindgren heirs lose in copyright spat
Society: 21 Jan 11
A Stockholm court ruled on Friday against the heirs of beloved Swedish children's author Astrid Lindgren in a copyright dispute with a company owned by Swedish publisher Bonnier.
READ »
Scania and Volvo in EU competition probe
Business & Money: 18 Jan 11
Swedish truckmakers Scania and Volvo AB are among the companies included in a cartel investigation launched by the European Commission on Tuesday.
READ »
Swedish Match firm buys US tobacco maker
Business & Money: 14 Jan 11
A Danish company partly owned by Swedish tobacco products maker Swedish Match has purchased a unit of American tobacco giant Reynolds American for $205 million.
READ »
New cash registers boost Swede hospitality sector
Business & Money: 8 Jan 11
Turnover in Sweden's hotel and restaurant industry increased sharply last year, as did bankruptcies, following the implementation of new certified cash registers on January 1st, 2010.
READ »
'Sweden has huge tourism potential': report
Business & Money: 30 Dec 10
Sweden's official tourism organ VisitSweden has mapped the country's potential as a tourist destination and found that 43 million people would like to pay a visit.
READ »
Astrid Lindgren heirs sue publisher for millions
Business & Money: 7 Dec 10
Astrid Lindgren's heirs are taking Swedish publisher Bonnier to court for misrepresenting the beloved children author's works and in the process swindling them out of millions of kronor.
READ »
Ericsson chairman announces resignation
Business & Money: 6 Dec 10
Ericsson chairman Michael Treschow informed the Swedish telecommunications firm on Monday that he will resign from his post next year or in 2012, according to a company statement.
READ »
H&M to launch in Singapore in 2011
Business & Money: 22 Nov 10
Swedish clothing retail giant Hennes & Mauritz has announced its first foray into the south-east Asian market by opening a store in Singapore.
READ »
Can Swedes kick the fake-bake habit?
Lifestyle: 12 Nov 10
Finding a cure for Sweden's lack of winter sunlight is a constant challenge. But as contributor Emy Gelb discovers, a trip to the tanning salon may not be as popular as it once was.
READ »
Lundin Petroleum trumps profit forecasts
Business & Money: 3 Nov 10
Swedish oil and gas firm Lundin Petroleum has reported a profit before tax of $105.4 million for the third quarter, up from $13.5 million in the corresponding period of 2009, and above analyst expectations.
READ »
Strömstad named Sweden's top tourist spot
Travel: 2 Nov 10
Strömstad in western Sweden has been named as Sweden's primary tourist municipality for the third consecutive year, a new annual report shows.
READ »
MTG stock falls despite profits hike
Business & Money: 19 Oct 10
Swedish media concern Modern Times Group has reported a pre-tax profit of 499 million kronor ($75 million) for the third quarter 2009, up from 336 million kronor in the corresponding period of 2009, while disappointing the markets.
READ »
Pharmacy head wins 'top female executive' award
Society: 13 Oct 10
Ann Carlsson, who will take over as CEO of state-owned pharmacy chain Apoteket AB in November, has won this year's 'Ruter Dam' award for the most influential female executive in Sweden.
READ »
Swedish biker gangs in expansion fast lane
National: 8 Oct 10
The Bandidos, Hells Angels and other criminal motorcycle gangs have ramped up their expansion in Sweden, while at the same time gaining a foothold in Europe.
READ »
Borg warns against new EU bank tax
Business & Money: 7 Sep 10
Sweden has slammed what is sees as a 'detrimental' proposal for higher taxes on banks in Europe, cautioning on Tuesday that institutions would simply relocate to avoid the charges.
READ »
How to find the Key to Sweden
Analysis & Opinion: 2 Sep 10
Have you ever wondered whether you're missing something in Swedish business meetings? Questioned why your Swedish colleagues behave in unexpected ways? A conference this month could give you valuable insight.
READ »
Faked illnesses netted fraudsters 75 million
Society: 4 Aug 10
A social insurance fraud ring in southern Sweden involving dozens of families defrauded the state of 75 million kronor by claiming for fabricated illnesses.
READ »
Saab turns profit after 2009 crisis
Business & Money: 27 Jul 10
Crisis-hit carmaker Saab Automobile turned a profit of 3.9 billion kronor ($531 million) in 2009, but only thanks to deals with its creditors and a deal to sell equipment to a Chinese automaker.
READ »
Forsberg calls time on shoe firm
Business & Money: 14 Jul 10
Swedish ice hockey legend Peter Forsberg has announced the closure of his shoe firm Pforce which became synonymous with the Crocs brand of sandals in Sweden - known as "Foppatofflan" after the star's nickname.
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Tax agency cracks down on cash register cheats
Business & Money: 14 Jun 10
Starting at the half-year mark, the National Tax Agency (Skatteverket) will take a hard line to stop small businesses from cheating through their cash registers.
READ »
Skanska profits boom in upbeat report
Business & Money: 7 May 10
Swedish construction firm Skanska has reported a profit after financial items of 936 million kronor ($120 million) for the first quarter 2010, over double the 449 million kronor posted in the period last year, and above analyst forecasts.
READ »
SSAB swings to profit in Q1
Business & Money: 4 May 10
Steel producer SSAB reported a quarterly profit of 83 million kronor ($11.34 million), beating analyst expectations and a 215 million kronor loss in the same period last year.
READ »
Swedish food gets Naked Chef's approval
Lifestyle: 29 Apr 10
Swedes might have traditionally viewed food as mere fuel, but over the past few years the country has experienced a culinary awakening, converting Jamie Oliver in the process, reports Vivian Tse.
READ »
Astra Zeneca reports profits boost
Business & Money: 29 Apr 10
Anglo Swedish pharmaceuticals firm AstraZeneca reported a first quarter profit climb of 29 percent on Thursday on the back of a "strong" performance in emerging markets and sales of key products.
READ »
Hennes & Mauritz reports profits hike
Business & Money: 8 Apr 10
Swedish clothing retailer Hennes & Mauritz (H&M) has reported a lift in profits for the first fiscal quarter to 5.055 billion kronor ($690 million) as the firm confirmed plans to continue its global expansion.
READ »
Swedes return to restaurants and cafés
Business & Money: 7 Apr 10
Turnover at Swedish restaurants and cafés increased by 3.2 percent and 6.8 percent respectively in February as the economy continues to show signs of recovery, according to a new report.
READ »
Government abolishes accountant requirement
National: 26 Mar 10
The Swedish government has decided to end the requirement for around 250,000 small businesses to employ an accountant in a move set to save affected firms 2.5 billion kronor ($346 million).
READ »
Post office considers cutting 2,000 staff
Business & Money: 24 Feb 10
Around 2,000 staff could leave the post service in Sweden and Denmark in a new programme of savings, Posten Norden's CEO has confirmed. The firm reported losses of almost 700 million kronor for the final quarter 2009.
READ »
Sweden beat Germany in hockey opener
Sport: 18 Feb 10
Sweden opened their Olympic hockey title defence with a 2-0 victory over Germany on Wednesday with goals from Mattius Öhlund and Henrik Lundqvist.
READ »
Pernod Ricard sells off Swedish brands
Business & Money: 15 Feb 10
French drinks firm Pernod Ricard has announced its intention to sell off Explorer vodka and a slew of other Swedish and Danish labels which it acquired in connection with the purchase of Vin & Sprit.
READ »
Telia Sonera doles out billions on strong report
Business & Money: 11 Feb 10
Swedish-Finnish telecom firm Telia Sonera has reported a profit after financial items of 6.98 billion kronor ($947 million) for the final quarter 2009, with shareholders in line for a bumper pay out.
READ »
SAS cuts 650 jobs
Business & Money: 9 Feb 10
Troubled Scandinavian airline SAS has announced a new share issue to raise 5 billion kronor ($674 million), as well as a programme of cuts and savings designed to save a further 2 billion kronor.
READ »
The inside track: Spyker
Analysis & Opinion: 26 Jan 10
Dutch luxury sportscar maker Spyker, which is to buy Sweden's Saab from US auto giant General Motors, is a minnow in the global automotive industry.
READ »
Borg seeks US-inspired European bank tax
Business & Money: 19 Jan 10
Swedish Finance Minster Anders Borg on Tuesday called for a European bank tax similar to a new US scheme, in an attempt to rectify shabby public finances and create a cushion to protect against future financial crises.
READ »
Suspected looting of pension fund investment
Business & Money: 16 Dec 09
One of Sweden’s public pension funds has been shaken by a scandal involving the suspected plundering of a company in the fund’s portfolio. The company’s CEO was also in a relationship with the head of the fund.
READ »
Markets absorbed by probiotic Swedish tampons
Science & Technology: 3 Dec 09
Shares in a Swedish biotech firm soared on Wednesday on news that the company had inked a distribution deal in China for its tampons “bathed in human lactic acid bacteria”.
READ »
Burger baron to buy Stockholm's priciest flat
Business & Money: 3 Dec 09
Curt Bergfors, the founder of Swedish fast food chain Max, has lined up the purchase of the most expensive apartment ever built in Sweden, a piece of property set to leave him with a 52 million kronor ($7.6 million) hole in his pocket.
READ »
Sweden completes pharmacy sell-off
Business & Money: 9 Nov 09
Sweden has secured buyers for some 465 pharmacies up for sale as part of the demonopolization of the country's retail drug market.
READ »
SAS reports profits hike
Business & Money: 5 Nov 09
Scandinavian airline SAS has reported a profit before tax of 114 million kronor ($16.2 million) for the third quarter 2009 despite a 14.7 percent dive in passenger numbers.
READ »
Swedish Match profit rise just misses target
Business & Money: 27 Oct 09
Swedish Match posted pre-tax profits of 757 million kronor for the third quarter, slightly below analysts’ expectations for the Swedish tobacco products company.
READ »
Ericsson hit by falling profits
Business & Money: 22 Oct 09
Swedish telecom equipment manufacturer Ericsson announced third quarter pretax profits of 4 billion kronor ($580 million), a 35 percent drop from the 6.2 billion kronor reported for the same quarter last year.
READ »
Immigrants fuel upswing in company start ups
Business & Money: 9 Oct 09
Foreign-born residents of Sweden are helping to boost the booming figures of new business start ups across the country in recent years, a new report indicates.
READ »
Swedish grocers demand talks with Dole over Bananas!* lawsuit
Business & Money: 7 Oct 09
Swedish grocery store chains ICA and Axfood have said they want to meet with the Swedish subsidiary of Dole Foods to discuss Dole’s attempts to ban a Swedish documentary film about the US food giant.
READ »
Swedish grocers' earnings outstrip CEOs
Business & Money: 1 Oct 09
The most successful franchisees of the Swedish grocery store chain ICA are coining in more remuneration than many CEOs of large companies listed on the Swedish stock market.
READ »
Pernod Ricard to sell Vin & Sprit
Business & Money: 8 Sep 09
French alcohol group Pernod Ricard, which last year purchased Vin & Sprit (V&S) from the Swedish state, has announced it intends to keep Absolut Vodka but will sell off the rest of the Swedish drinks group.
READ »
Swedish property market at ten-year low
National: 12 Aug 09
The Swedish commercial property market has ground to a halt with completed deals at a ten-year low. The private residential market has returned to normal however.
READ »
SAS slashes workforce to save cash
Business & Money: 12 Aug 09
Scandinavian airline SAS has announced cuts of 1,000 to 1,500 jobs as part of a new austerity programme to shave 2 billion kronor ($274 million) off its outgoings.
READ »
Stockholm Fashion Week aims to buck the recession
Business & Money: 10 Aug 09
Stockholm Fashion Week opens on Monday. Despite the impact of the recession on the industry arrangers are hopeful that buyers will be ready to open their wallets.
READ »
Sweden's MTG surges on strong profits
Business & Money: 22 Jul 09
Swedish media concern Modern Times Group (MTG) has reported a pre-tax profit of 566 million kronor ($74 million) for the second quarter 2009, exceeding market forecasts.
READ »
Tele2 shares soar on booming profits
Business & Money: 22 Jul 09
Swedish telecom firm Tele2 has reported a dramatic rise in profits for the second quarter and the firm's stock shot up 5.9 percent in early trading on Wednesday.
READ »
Advertising slump sees Metro losses burgeon
Business & Money: 20 Jul 09
Free newspaper giant Metro International made an operating loss of €3 million in the second quarter, according to interim results released on Monday.
READ »
Report dumps on Baltic cruise ship discharge
Science & Technology: 17 Jul 09
Sweden's coastal waters are under threat from tonnes of human and other waste being regularly dumped into the Baltic by passenger liners, according to a new report.
READ »
Profits on the march at Swedish Match
Business & Money: 17 Jul 09
Tobacco company Swedish Match reported pre-tax profits of 791 million kronor ($100 million) for the second quarter on Friday, well above analysts’ expectations.
READ »
Weak krona and ABBA key to Swedish theme parks turnaround
Business & Money: 2 Jul 09
The operator of three of Sweden’s largest amusement parks lost money in 2008, but the company’s CEO is confident of an upswing in profits for 2009 due in part to the weak Swedish currency.
READ »
Arla facing steep fines in competition probe
Business & Money: 26 Jun 09
Scandinavian dairy producer Arla Foods faces more than 7 billion kronor ($900 million) in fines if the company is found to have breached laws ensuring fair competition.
READ »
Koenigsegg 'confident' of Saab rescue
National: 14 Jun 09
Koenigsegg, the Swedish luxury sports carmaker set to buy Saab Automobile from US firm General Motors, is confident that the company can be rescued, the firm's co-owner said on Saturday.
READ »
Koenigsegg 'no wet dream' for Saab: expert
Business & Money: 12 Jun 09
Despite the excitement generated by Thursday’s news that Swedish supercar manufacturer Koenigsegg was set to buy Saab, a number of automotive journalists in Sweden remain sceptical.
READ »
Franzén sets Detriot on road to Stanley Cup success
Sport: 31 May 09
Swedish hockey star Johan Franzén opened the scoring in the NHL Stanley Cup finals on Saturday as defending champions Detroit seized the early advantage with a 3-1 victory over Pittsburgh in game one of the series.
READ »
Norwegian in a coma after drinking wine bought in Sweden
Society: 26 May 09
A 59-year-old man from Arendal in Norway is lying in a coma, probably poisoned by wine that was bought in Sweden. State monopoly retailer Systembolaget removed the wine from its assortment on Tuesday.
READ »
Weak krona entices more tourists to choose Sweden
Society: 20 May 09
The persistently weak krona is expected to lead to another record year for Sweden’s tourism industry.
READ »
Art off the beaten track in Stockholm
Lifestyle: 7 May 09
Art critic Katarina Wadstein MacLeod slips into the suburbs and side streets of Stockholm in search of hidden gems outside the mainstream.
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TetraPak billionaire offers Borg unsolicted tax policy advice
Business & Money: 6 May 09
Hans Rausing, the self-exiled Swedish billionaire who founded the TetrPak packaging empire, has taken the liberty of advising finance minister Anders Borg on what he could do to attract more companies to Sweden.
READ »
Fiat wants Saab in European car giant
Business & Money: 4 May 09
Swedish car maker Saab could become part of a new European car giant after Fiat CEO Sergio Marchionne expressed an interest in General Motors' European brands.
READ »
Ericsson profits slide by a third
Business & Money: 30 Apr 09
Sweden's Ericsson, the world's leading mobile phone network equipment supplier, reported a 30 percent decline in first-quarter net profits on Thursday.
READ »
Activists buzz Vattenfall CEO with paint bombs
Society: 29 Apr 09
Several masked assailants threw paint grenades at Vattenfall CEO Lars G. Josefsson on Wednesday, interrupting a press conference during which he was set to present the state-owned power company’s interim results.
READ »
'Heart cells undergo continual replacement': Swedish study
Science & Technology: 3 Apr 09
Heart cells are replenished throughout life, enabling improved treatments to repair damage caused by cardiac arrest or illness, a new Swedish study has shown.
READ »
Losses cause Saab shares to nosedive
Business & Money: 13 Feb 09
Swedish aerospace company Saab reported a 708 million kronor ($85 million) net loss for the fourth quarter of 2008 on Friday, with shares plummeting on the news.
READ »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
Prime Minister Reinfeldt chats with The Local »
"If you missed it yesterday, here’s The Local’s editor David Landes snagging Prime Minister Reinfeldt for a chat before Princess Estelle’s baptism. Always nice to know the PM has time for TL!" READ »
- 20/5 17:38 The story of K Composite Magazine (Snuggling With the Enemy)
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