ADVFN - Advanced Financial Network.
HOME» NASDAQ » L » ERIC Stock Price » ERIC Stock News

Lm Ericsson Telephone Company Ads Share News

 Lm Ericsson Telephone Company Ads (mm) Stock Price
ERIC Stock Price
 Lm Ericsson Telephone Company Ads (mm) Stock Chart
ERIC Stock Chart
 Lm Ericsson Telephone Company Ads (mm) Stock News
ERIC Stock News
 Lm Ericsson Telephone Company Ads (mm) Company Information
ERIC Company Information
 Lm Ericsson Telephone Company Ads (mm) Stock Trades
ERIC Stock Trades

Investor Swings to Loss; Sees Higher Costs end of 2012

STOCKHOLM--Swedish investment company Investor AB (INVE-B.SK) Tuesday booked a 2% fall in net asset value per share at the end of second quarter compared with year end 2011 and said it expects somewhat higher costs at the end of the year then previously estimated. MAIN FACTS: -"During the quarter we have seen soft economic data around the globe and, as normally following a financial crisis, we should expect sub-par economic growth for an extended period [...] The increased integration of the global economy results in a synchronized slowdown," Chief Executive and President Borje Ekholm said. -Net asset value per share fell to SEK204 ($29.0) during the second quarter ending June 30, from SEK220 at the end of the first quarter. -The company reported a net loss of SEK6.97 billion in the second quarter compared with a net profit of SEK9.73 billion in the same quarter last year. -The company reported value increases since year-end in Swedish listed companies such as SEB AB (SEB-A.SK), Atlas Copco AB (ATCO-A.SK) and Electrolux AB (ELUX-B.SK), which offset value declines in companies such as Saab AB (SAAB-B.SK) and Ericsson (ERIC). -The company expects to receive dividends of SEK4.9 billion from listed companies in 2012, higher than previous estimates of SEK4.7 billion. -Following additional investments in the quarter, the company now owns 8.7% of Wartsila. -It is pooling its shares with the lead owner Fiskars Oyj (FIS1V.HE) in a joint company, and together they own 21.7% of Wartsila. -It increased its ownership in unlisted Molnlycke Health Care to 98% from 96%. -The investments increased leverage to 13.4% from 10.2% as of June 30. -The company has cut its staff by a third and in the fourth quarter expects to reach a sustainable annualized cost level of SEK360 million to SEK380 million, which is slightly higher than the target of close to SEK350 million at the end of 2012. -Shares closed at SEK135.40 on Monday. -Write to Jens Hansegard at jens.hansegard@dowjones.com Order free Annual Report for AstraZeneca Plc Visit http://djnweurope.ar.wilink.com/?ticker=GB0009895292 or call +44 (0)208 391 6028 Order free Annual Report for Atlas Copco AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000101032 or call +44 (0)208 391 6028 Order free Annual Report for LM Ericsson Telefon AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000108656 or call +44 (0)208 391 6028 Order free Annual Report for Saab AB Visit http://djnweurope.ar.wilink.com/?ticker=SE0000112385 or call +44 (0)208 391 6028 Order free Annual Report for Atlas Copco AB Visit http://djnweurope.ar.wilink.com/?ticker=US0492557063 or call +44 (0)208 391 6028

Stock News for Lm Ericsson Telephone Company Ads (ERIC)
DateTimeHeadline
07/18/201418:59:07EUROPE MARKETS: European Stocks Slip; Shire Leads FTSE Gains
07/18/201418:50:41EUROPE MARKETS: European Stocks Fall; RBS, Volvo Among Decliners
07/18/201406:15:25EUROPE MARKETS: European Stocks Slide After Plane Crash, Israel...
05/28/201410:51:38Ericsson to Build Silicon Valley Campus
05/20/201406:30:11Obama to Meet With Executives of Companies Investing in U.S.
04/24/201405:57:30Ericsson to Divide Main Networks Unit Into Two New Units
04/23/201417:37:59ADR Shares End Lower; Ericsson, ARM Holdings Shares Active
04/23/201412:22:48EUROPE MARKETS: European Stocks Ease; Ericsson Drops After Results
04/23/201407:45:28Ericsson's First-Quarter Revenue Declines Sharply -- Update
04/23/201405:05:23EUROPE MARKETS: European Stocks Ease; Ericsson Slides After Results
04/23/201404:00:07Ericsson First-Quarter Sales Declines Sharply
04/23/201403:12:08Ericsson's First-Quarter Revenue Declines Sharply
04/22/201409:37:08Telefon AB LM Ericsson 1Q 2014 -- Forecast
04/22/201408:52:55EARNINGS PREVIEW: Ericsson 1Q Revenue Seen Lower
03/13/201414:00:10EU and China Closing In on Landmark Trade Deal
03/06/201407:55:34Ciena Loss Narrows Sharply
02/24/201403:41:10Philips, Ericsson Combine Street Lighting With Mobile Connectivity
02/06/201412:27:55Ericsson Buys Azuki Systems for Undisclosed Sum
02/06/201401:28:54Correction to Alcatel-Lucent 4th-Quarter Revenue Headline
02/04/201403:19:05Investor Takes SEK940 Million Write-Down, Proposes Dividend Increase

Lm Ericsson Telephone Company Ads and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad