latest news releases from the newsroom
Increased International Ownership in Sectra
STOCKHOLM, Sweden, January 11, 2002 (PRIMEZONE) -- A large international institution has acquired 1,460,000 series B shares from Sectra's founders and main owner group. This corresponds to 4.5 % of the share capital and 2.6 % of the votes.
Frango Estimates Revenue Growth for 2001 at Around 35 Percent
STOCKHOLM, Sweden, Jan. 11, 2002 (PRIMEZONE) -- Frango estimates that its revenues for 2001 will amount to around SEK 265 million, corresponding to a growth of about 35 per cent. According to an earlier forecast issued in connection with the Q3 interim report, revenues were expected to grow by approximately 40 per cent for 2001, whilst the profit margin was expected to be around 10 per cent. Above all, revenues from license sales have failed to meet expectations, whilst revenues for services have continued to show strong growth in line with the earlier forecast. The generally poor economic development combined with growing concern following the terrorist attacks in New York in September have had a significant impact on license sales, causing customers to postpone or delay their software investments. This trend was most noticeable in September and October, although a certain recovery was noted towards the end of the year. As a result, it is expected that the rate of growth for the final quarter of 2001 will be higher than that reported for the third quarter.
Frontec Sells Software Companies to Radgivningsgruppen AB
STOCKHOLM, Sweden, January 11, 2002 (PRIMEZONE) -- Frontec is continuing its restructuring process by selling the software companies Frontec Edicom AB, Frontec Maintenance Systems AB, Frontec Denmark A/S, Frontec Maintenance Systems Norge A/S, Frontec Deutschland GmbH, API PRO Nederland BV and Frontec Belgium NV. Together, the companies have around 60 employees and reported a turnover of approximately SEK 60 million in 2001.
Gunnar Brock to Succeed Giulio Mazzalupi as President and CEO for Atlas Copco
STOCKHOLM, Sweden, Jan. 11, 2002 (PRIMEZONE) -- Gunnar Brock will be appointed new President and Chief Executive Officer of the Atlas Copco Group. The appointment will take effect July 1, 2002, but Brock will join the Group on May 1. Brock succeeds Giulio Mazzalupi, who will retire after 31 years in the Group, the last five as its President and CEO.
Hughes Electronics Conference Call to be Broadcast by Vcall over the Internet
PHILADELPHIA, Jan. 10, 2002 (PRIMEZONE) -- Hughes Electronics Corporation (NYSE:GMH) will broadcast its Fourth Quarterly Earnings Results Conference Call on Tuesday, January 15, 2002 at 2:00 PM Eastern, Vcall, a Service of World Investor Link, announced today. This call can be accessed at http://www.vcall.com/EventPage.asp?ID=80341.