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Mondelez buy could fizz Pepsi's flat soda sales, says investor
2013-07-19 21:28:58| Beverages - Topix.net
PepsiCo should acquire Mondelez and split its beverage and snacks businesses, according to an investor with a large stake in both firms.
Ericsson reports profit jump despite flat sales, disappointing nonetheless
2013-07-19 11:34:32| Semiconductors - Topix.net
Profits rose 26 percent in the second quarter from the figure a year ago to 1.516 billion kronor .
Ericsson Q2 sales flat, profits improve
2013-07-18 08:43:00| Telecompaper Headlines
(Telecompaper) Ericsson reported second-quarter sales flat due to negative currency effects, while profits improved thanks to cost reductions. Revenues were unchanged year-on-year at SEK 55.3 billion, but grew 7 percent if forex effects are excluded. Operating profit rose to SEK 2.5 billion from SEK 2.1 billion a year ago, helping the margin improve to 4.5 percent from 2.8. Ericsson said it was starting to see a small shift in the market away from the lower-margin coverage projects towards capacity orders. Its strategy to gain market share in Europe through network upgrade projects was also starting to pay off in new business, in capacity and LTE projects. Elsewhere the market was weaker in East Asia in the quarter, while LTE orders in Russia and China were starting to come in and mobile broadband demand remained strong in the Americas. Net profit finished up at SEK 1.5 billion versus SEK 1.2 billion a year earlier. The result included SEK 0.9 billion in losses from divestments such as Applied Communication Sciences and exiting the telecom and power cable operations. Operating cash flow improved to SEK 4.3 billion from a negative SEK 1.4 billion a year ago.
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SWEDEN: H&M comparable sales flat in May
2013-06-12 13:02:00| Daily apparel & textile news and comment - from just-style.com
H&M Hennes & Mauritz recorded flat comparable sales during May, as macroeconomic challenges and poor weather in many of the company's major markets dampened growth.
Natuzzi 1Q sales flat as gain in Americas offset Euro decline
2013-05-28 23:14:22| Furniture - Topix.net
Natuzzi's first-quarter sales ticked up 0.3% from the same quarter a year earlier as gains in the Americas continued to offset declines in Italy and the rest of Europe, the upholstery manufacturer reported.
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