Profit increase for listed companies – great neighborhood for Volvo

Telia reported pre-tax profit of SEK 3,234 million for the third quarter of 2018. This is comparable to the profit of SEK 1,072 million in the same period last year.

On average, analysts' pre-tax profit was 3,381 million euros, which means third-quarter earnings were slightly lower than expected, according to TT, referring to Reuters summary.

restructuring

The costs in Sweden could not be reduced as much as the CEO of Telia hoped. This summer, Telia bought TV4 and CMore for 9.2 billion crowns.

– Profitability in Sweden is down during the quarter. We are a bit late on the cost schedule for Sweden, "said Johan Dennelind.

Until the beginning of the year, the Swedish organization should be restructured.

– There are about 500 people. This allows us to bring even more coordination benefits to the group level, "said Telia's CEO.

It is a matter of moving some of the products, platforms and systems of Swedish operations into group-wide production environments in Sweden.

In an earlier version, TT and SVT had incorrectly stated that the services had to be removed from Sweden. The services are transferred from Telia Sweden to the group's units in Sweden.

Volvo increases

Vehicle manufacturer AB Volvo reported pre-tax profit of SEK 9,698 million for the third quarter. This figure is comparable to a gain of SEK 6 917 million for the same period of the previous year.

On average, analysts made a profit of 9197 million SEK, according to TT.

CEO Martin Lundstedt thinks the company has a lot more to offer.

"Although this is the best third quarter yet for the Group, it does not mean we have achieved our full potential, and there is still a lot of work to be done to improve profitability and cash flow. our service activity, "he wrote in the report.

Assa Abloy

Låsjätten Assa Abloy reported pre-tax profit of SEK 3 221 million for the third quarter, compared to a profit of SEK 2 910 million in 2017.

Husqvarna reduces the heat

Husqvarna, which manufactures lawn mowers and chainsaws, recorded a loss of SEK 124 million for the third quarter of 2018. This result is comparable to a profit of SEK 433 million for the corresponding period of the year. former.