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Record profits for IKEA

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12:01 CET+01:00
DI reported last week that after a couple of bad years, IKEA's Swedish business has broken the trend and set records both for sales and profit. IKEA posted a profit of 1.3 billion crowns over the past financial year, and net sales rose to 20.1 billion crowns. It is the first time that IKEA has earned over a billion crowns in Sweden.

China's challenge

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.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri

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