All the European investment, retail, real estate, office and industry news in English language

Wednesday | October 28 | 2020

Gothenburg

Electrolux, record high operating income of SEK 3,220m in Q2 2020

Electrolux net sales amounted to SEK 32,004m (30,330). Organic sales increased by 15.2% in Q3 2020, an interim report shows.

LATEST

European lumber exporters have expanded their sales overseas from 30% to 45% over the past ten years, with Asia receiving a...
The Swedish telecommunications regulator banned the use of equipment produced by Chinese companies Huawei and ZTE in future 5G networks on...
Stora Enso has decided to start using a valuation method for its forest assets in the Nordics based on market transaction...
Evolution, a Sweden based provider of Live Casino solutions, has entered into a partnership with Wynn Sports Interactive for the supply...
IKEA has made a minority investment in nyris, a Germany-based deep-tech start-up company, which provides visual intelligence technology.  IKEA...

NUMBER BUZZ

10.65
billion dollars, Klarna valuation - the highest-valued private fintech in Europe

Castellum income from property management increased by 9% this year

Castellum income from property management amounted to MSEK 2.588 (2.380), corresponding to SEK 9.48 (8.71) per share - an increase of 9%.

NAG Studios raise $1m pre-seed round

NAG Studios has raised $1M in pre-seed funding to produce a Super Bowl spectacle. The round was led by games sector...

Pricer sales registered in Q3 2020 an astonishing growth of 143%

Swedish company Pricer, supplier of systems and solutions for in-store digitalization, has had a record high delivery activity during the third...

H&M customers in Sweden can transform unwanted garments into new fashion favourites

H&M customers in Sweden have the possibility to transform unwanted garments into new fashion favourites with...

Stena RoRo almost completed the construction of the world’s largest civilian hospital ship

Swedish company Stena RoRo, after several years of design and construction, is ready to deliver Global Mercy,...

Ikea online retail sales increased 45% this year

Ikea published today some facts and figures for financial year 2020 (FY20). The financial year runs from 1 September to 31...

Ikea to remove non-rechargeable alkaline batteries by 2021

All non-rechargeable alkaline batteries will be removed from the global home furnishing range of Ikea stores...

H&M to close 250 stores next year, after the increase of online shopping

H&M plans to close hundreds of stores next year after the coronavirus pandemic led to an...

European businesses are preparing for a historic recession

Almost six in ten respondents at an Intrum survey say a Pan-European recession is a top...

Storytel to launch in Belgium in the fourth quarter of 2020

Storytel will be launching its service in Belgium during the fourth quarter of 2020. The Belgian service will...

Swedish giant to acquire 13.000 hectares of forest land in Latvia

Svenska Cellulosa Aktiebolaget (SCA) has signed an agreement to acquire forest land in Latvia. The acquisition...

Svenska Cellulosa Aktiebolaget issues bonds for SEK 2.5 billion

Svenska Cellulosa Aktiebolaget (SCA) issued new bonds under the companys' Medium Term Note programme (MTN). The total issuance amounted SEK...

Gothenburg and Malaga, the 2020 European Capitals of Smart Tourism

Gothenburg and Málaga hold the European Capital of Smart Tourism 2020 title, following the 2019 winners,...

Klarna, $650M funding round. It’s now the highest-valued fintech in Europe

Klarna announced it has raised $650 million in an equity funding round, at a post money valuation of $10.65...

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TOP 5

H&M net sales decreased by 23% to SEK 83,612 m (108,489) in the first half-year. In local currencies, net sales decreased by 24%....
The European Investment Bank (EIB) has signed a SEK 3.5 billion (EUR 325 million) loan agreement with the Region of Skane...
Castellum has officially received a WELL certificate for its Eminent office building in Malmö, thus being first to cross the finish...
Bambuser AB has entered into a pilot agreement worth SEK 350,000 with one of the world's largest retail companies. The...
Storytel AB, Northern Europe's leading audiobook and e-book streaming service, is acquiring a 70 percent majority interest in Iceland's leading book publishing house Forlagið.