Record profits for IKEA
The Local · 9 Jan 2005, 12:01
Published: 09 Jan 2005 12:01 GMT+01:00
Sony Ericsson and Nokia can expect tough competition from China over the coming years, writes DI. Gartner analyst Carolina Milanesi explains that as long Chinese and Taiwanese suppliers keep their prices down they can enter growth markets such as eastern Europe and Latin America. This would present more of a problem for Nokia and Motorola, as Sony Ericsson is focused on more expensive phones, explains Milanesi.
Great expectations for listed companies
A survey of analysts’ forecasts from SME Direkt has revealed that more than half of the major listed companies are expected to make record profits next year. Engineering companies and banks are among those achieving new heights.
"The economic situation is expected to lead to higher volumes, which in turn give a better capacity utilisation. This makes it easier for engineering companies to keep price levels up and compensate for higher raw material costs," explained Mats Liss, an analyst at Swedbank.
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