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Publication of Höganäs AB's Annual Report 2012

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By Business Wirevia The Motley Fool

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Publication of Höganäs AB’s Annual Report 2012

STOCKHOLM–(BUSINESS WIRE)– Regulatory News:

Höganäs AB‘s (STO:HOGAB) Annual Report for the financial year 2012 is now available on the company’s website, www.hoganas.com.

A printed copy of the Annual Report will be sent to shareholders at request.

This is information that Höganäs AB (publ) may be obligated to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 11.00 am on 8 April 2013.

Höganäs is the world’s leading manufacturer of iron and metal powder. We see endless possibilities in improving present applications for metal powder and developing new ones. With our deep knowledge of our customers’ applications we develop future automotive components, products for surface coating and brazing as well as systems for sustainable power generation and electric motors. Therefore our vision is “We push the limits of metal powders”.

Höganäs was founded in 1797 and today employs 1,700 people around the world. During 2012 our turnover was 6.7 billion SEK and we are listed on Nasdaq OMX’s Stockholm Mid Cap list.

For more information, visit our website: www.hoganas.com.

This information was brought to you by Cision http://news.cision.com

Höganäs:
Sven Lindskog
Chief Financial Officer
+46 (0)42 33 80 00

KEYWORDS:   Europe  Sweden

INDUSTRY KEYWORDS:

The article Publication of Höganäs AB’s Annual Report 2012 originally appeared on Fool.com.

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Business, Finance, Occupation & Industry

Haldex Annual Report for 2012 Released

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By Business Wirevia The Motley Fool

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Haldex Annual Report for 2012 Released

STOCKHOLM–(BUSINESS WIRE)– Regulatory News:

Haldex (STO:HLDX) Annual Report for 2012 has been published and is available in PDF format at www.haldex.com.

Link: http://www.haldex.com/en/GLOBAL/Investors/Report-archive/Report-archive/

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of proprietary and innovative solutions to the global commercial vehicle industry, with focus on products in vehicles that enhance safety, environment and vehicle dynamics. Haldex is listed on the Nasdaq OMX Stockholm Stock Exchange and had net sales of approx 3.9 billion SEK in 2012. The number of employees amounts to about 2,200.

Haldex (www.haldex.com), headquartered in Landskrona, Sweden, is a provider of proprietary and Haldex AB (publ) is required to publish the above information under the Swedish Financial Instruments Trading Act. The information was submitted for publication on April 4, 2013.

This information was brought to you by Cision http://news.cision.com

Haldex
Kristina Brink
Corporate Communications Manager
+46 418 47 61 88 or +46 705 90 91 40

KEYWORDS:   Europe  Sweden

INDUSTRY KEYWORDS:

The article Haldex Annual Report for 2012 Released originally appeared on Fool.com.

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Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Ericsson, STMicroelectronics Wind Down Joint Venture

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By Tim Brugger, The Motley Fool

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After several months of discussions, the management teams of Sweden-based Ericsson and Switzerland’s STMicroelectronics have agreed on the dissolution of their mobile chip manufacturing joint venture, ST-Ericsson.

Several aspects of the joint venture will be assumed by either Ericsson or ST, the companies announced Monday, with the remaining parts of the ST-Ericsson partnership closed down.

Ericsson will retain design, development, and sales of the former venture’s 2G, 3G, and 4G, LTE multimode thin modem products. STMicroelectronics will take over several testing and assembly facilities, in addition to multiple, existing ST-Ericsson products. The balance of the former joint venture’s efforts are scheduled to be phased out by Q3 of 2013.

Ericsson has set aside SEK 3.3 billion ($512 million) to cover costs associated with the dissolution, and intends to report the former ST-Ericsson multimode thin modem unit as a separate business segment following the transition. Ericsson expects a loss by the unit of approximately SEK 0.5 billion ($78 million) in Q4, primarily due to R&D expenses.

STMicroelectronics will incur restructuring costs of approximately $350 million to $450 million during the transition period, less than previously expected.

The two companies also announced the appointment of Carlo Ferro, currently chief operating officer of ST-Ericsson, as president and CEO of ST-Ericsson to lead the unit during the change.

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The article Ericsson, STMicroelectronics Wind Down Joint Venture originally appeared on Fool.com.

Fool contributor Tim Brugger has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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Business, Finance, Occupation & Industry

The Long Awaited Turnaround at Ericsson Appears to Be Underway (ERIC, GS, CS, C, DB, STM, NOK, ALU)

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By 24/7 Wall St.

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global network conceptWhen you are an industry leader and one of the largest companies in the country of Sweden, employing more than 100,000 workers, it seems almost impossible that a turnaround would ever be necessary. However, it is not uncommon for large corporations to stray from the path that brought them their greatest success. For telecommunications equipment giant Ericsson (NASDAQ: ERIC), the path back to success may be one that got them there in the first place.

Posting extremely strong fourth-quarter numbers that were driven by high demand for networking equipment in the U.S. market, Ericsson blew by the Wall St. expectations. Sales for the quarter were 66.9 billion SEK, up 23% sequentially and up 5% from the year-ago quarter. Network equipment sales were up 6% from a year ago, driven mainly by North America, while network sales were up 31% sequentially due to normal year-end seasonality. The results translate to $10.5 billion in U.S. currency, which is well ahead of the consensus estimate of $9.5 billion.

CEO Hans Vestberg said in a statement:

Segments showed mixed developments during the year with strong growth in Global Services and Support Solutions, while Networks had a more challenging year. Support Solutions went from losses in 2011 into profitability and together with Global Services represented close to 50% of Group sales in 2012, compared to 42% in 2011.

Vestberg also said that North America was the company’s strongest market throughout 2012 and was driven by continued mobile broadband investments and demand for services. What is so impressive about things of late is that Ericsson has much exposure to Europe, the most troubled spot in the developed world for investors weighing risk these days.

Wall St. analysts embraced the earnings rebound and responded with a flurry of upgrades. On February 1, Goldman Sachs Group Inc. (NYSE: GS) upgraded the stock from Neutral to the prized Conviction Buy List. Credit Suisse Group (NYSE: CS) moved its rating to Neutral from Underperform on the same day. Canaccord Genuity and Citigroup Inc. (NYSE: C) both raised their price targets on the first, following Deutsche Bank A.G. (NYSE: DB) raising the stock to Buy from Hold on January 29. The current consensus price target for the stock is $11.50. Given the recent upgrades, that may soon be lifted.

One very positive development for the company may be a departure from its money-losing joint venture with STMicroelectronics N.V. (NYSE: STM), the largest European semiconductor company. While it recognized a large charge for its participation, an expected third-quarter 2013 exit will let the company focus on the profitable core businesses.

The Ericsson turnaround may start to get investors looking at two other formerly dominate European companies fighting to regain lost glory. Both Finnish phone giant Nokia Corp. (NYSE: NOK) and French telecommunications equipment maker Alcatel-Lucent S.A. (NYSE: ALU) are trading under $5. Despite industry problems and a loss of market share for both companies, the low stock prices alone could make one or both of them takeover targets if a bottom-fishing turnaround or asset buyer surfaces.

For Ericsson the strength in North America may continue to provide a strong tailwind. With smartphone and tablet sales booming and an ever increasing demand for broadband consuming content, it may be in the right place at the right time to complete its turnaround. Wall St. analysts have at least become very vocal with a wave of upgrades in the Ericsson turnaround story.

Filed under: 24/7 Wall St. Wire, Technology, Technology Companies, Telecom, Telecom & Wireless, Turnarounds, Value Investing Tagged: ALU, C, CS, DB, ERIC, GS, NOK, STM

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Source: FULL ARTICLE at DailyFinance