latest news releases from the newsroom
FOURTH QUARTER AND YEAR-END REPORT 2004
Year-end 2004 (Compared with “New” Bilia pro forma 2003)
* Net turnover amounted to SEK 11,941 M (11,124).
* Net profit increased to SEK 207 M (164) and earnings per share to SEK 8.95
* The Board proposes a dividend of SEK 7.50 (4.50).
* The Board requests authorization for a buy-back of the company’s own shares.
* Operating profit excl. items affecting profitability amounted to SEK 79 M
* Earnings per share improved by 39 per cent to SEK 1.9
Press Release from Skandia's Nominating Committee
STOCKHOLM, Sweden, Feb. 8, 2005 (PRIMEZONE) -- Skandia's nominating committee proposes that Lennart Jeansson, Birgitta Johansson-Hedberg, Kajsa Lindstahl and Anders Ullberg be re-elected and that Christer Gardell be newly elected to Skandia's board. Pursuant to a resolution by the 2004 Annual General Meeting, the mandate period is one year. At the 2004 Annual General Meeting, Bjorn Bjornsson, Karl-Olof Hammarkvist and Bernt Magnusson were elected for a two-year period, i.e., until the 2006 Annual General Meeting. The Nominating Committee proposes no change in this respect. This means that, provided the Annual General Meeting votes in favour of the committee's proposal, Skandia's board will have the following composition until the 2006 Annual General Meeting: Bjorn Bjornsson, Christer Gardell, Karl-Olof Hammarkvist, Lennart Jeansson, Birgitta Johansson-Hedberg, Kajsa Lindstahl, Bernt Magnusson and Anders Ullberg. Consequently this entails that the Board will be increased by one member. In addition, as usual the Board will also include three employee representatives.
Energy Conservation Technologies, Inc.
Energy Conservation Technologies, Inc. Applies for a New Patent on Lamp Power Control and Dimming
BOULDER, Colo., Feb. 8, 2005 (PRIMEZONE) -- Energy Conservation Technologies, Inc. (Pink Sheets:ENYC), a landmark technology company ("Econ"), submitted a draft application for a new patent to its Patent Attorney, Patton Boggs LLC. This patent is for a new invention by Econ for maintaining constant power into a gas discharge lamp and allows superior dimming than now available, over the life of a lamp.
IElement Exceeds 2004 Revenue Target
DALLAS, Feb. 8, 2005 (PRIMEZONE) -- IElement, a rapidly growing Communication Services Provider (CSP), today announced that the Company has surpassed its revenue target of $5.5M for 2004. Revenues for fiscal 2004 topped $5.7M, and exact numbers will be available after a current audit is completed.
INFe Venture Club
INFe Venture Club Microcap Investor Forum & Company Showcase Set for March 18th in Coral Gables, Florida
FALLS CHURCH, Va. & MIAMI, Feb. 8, 2005 (PRIMEZONE) -- The INFe Venture Club, a membership-based organization that brings together accredited investors, high net worth individuals and angel investors with emerging public companies, has scheduled its signature annual event, The Microcap Investor Forum & Company Showcase, for Friday, March 18, 2005 at the opulent Biltmore Hotel in Coral Gables, Florida.
Toll Brothers, Inc.
Toll Brothers' Record 1st Qtr Contracts Grow 60% to $1.44 Billion vs FY 2004
HORSHAM, Pa., Feb. 8, 2005 (PRIMEZONE) -- Toll Brothers, Inc., (NYSE:TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today reported record first-quarter results for contracts and home building revenues and the highest quarter-end backlog in its history. These results, for the first quarter ended January 31, 2005, are preliminary. The Company will announce final totals when it releases first-quarter earnings on February 23, 2005.
Volvo receives order for 83 buses from the Netherlands
GOTEBORG, Sweden, Feb. 8, 2005 (PRIMEZONE) -- Volvo: Connexxion is by far the Netherlands' major bus operator. The company carried out a public tender for 50 intercity buses to run in a wide area around the city of Leiden in the Netherlands. Three manufacturers remained in the final stages and the order finally went to Volvo Buses. According to Connexxion, Volvo Buses won thanks to its low running costs and that it could deliver before September this year.