Martin Lundstedt will follow Leif Östling as CEO of Scania Ab (OMX: SCV B) as the former is moving to the Board of Management of Volkswagen AG. Mr Lundstedt is an internal candidate. Executive Board will also have some new members, Dr. Harald Ludanek and Andrea Fuder from Volgswagen plus Kent Conradson and Henrik Henriksson. Some shuffling of the positions also results from Anders Nielsen being appointed Chief Executive Officer of MAN Truck & Bus AG.
There has often been speculation concerning the future of both MAN and Scania with various takeover scenarios going back and forth in the years past. Volgswagen now has 45.66% of shares and 70.95% of votes in Scania directly while MAN SE has 13.35% and 17.37%. Volgswagen has also through various dealings attained a controlling interest in MAN. Volgswagen would certainly want to see the two combined in some manner to realize synergies to take on Volvo (OMX: Volv B) and other large competitors.
The worry in Sweden is that Scania’s competences would be moving abroad and its importance gradually lessened within Volgswagen’s portfolio. The most recent move can be interpreted either way concerning such worries; many seem to think that Östling will be able to oversee in his new post, that no foul play is going on
Showing posts with label Scania. Show all posts
Showing posts with label Scania. Show all posts
Tuesday, 5 June 2012
Wednesday, 25 January 2012
Novo Nordisk tops clean capitalism list
Nordic companies are clearly overrepresented in Corporate Knights 8th annual ranking of the most sustainable companies in the world. Danish pharmaceutical company Novo Nordisk (OMX: NOVO B) was chosen as the most sustainable company by a wide margin. Last year Novo was down in 16th place. It scored particularly well in this study in energy productivity and in CEO vs. average employee compensation.
The idea of the list is to find companies who not only act in the interests of the business but also for the entire planet in doing so. That means that companies fully take social, economic and ecological costs and benefits into account. A situation where a company’s private optimum level of production differs from the social optimum due to externalities is one type of market failure, which is not normally addressed on the corporate level.
Other Nordic companies close to the top are oil producer Statoil ASA (OSE:STL) at number 3 and Danish biotech company Novozymes A/S (OMX: NZYM B) at number four. Aluminium producer Norsk Hydro ASA (OSE: NHY) and Swedish industrial group Atlas Copco (OMX: ATCO A, ATCO B)) round up the top ten.
Below the top ten one can also find Swedish telecom company TeliaSonera (OMX: TLSN, OMXH: TLS1V) at 13, oft-maligned oil refining and marketing company Neste Oil Oyj (OMX: NES1V) from Finland at 19, Danish wind turbine manufacturer Vestas Wind Systems A/S (OMX: VWS) at number 31, Swedish heavy trucks and buses manufacturer Scania AB (OMX: SCV B) at 36, Reverse vending machines firm Tomra Systems ASA (OSE: TOM) at number 39, Finnish retailing conglomerate Kesko Oyj (OMX: KESB) at 43, Norwegian financial services company StoreBrand ASA (OSE: STB) at 54, Swedish retail-clothing giant H & M Hennes & Mauritz AB (STO:HM B) at 67 and Danish medical devices firm Coloplast A/S (OMX: COLO B) on 84th place.
The idea of the list is to find companies who not only act in the interests of the business but also for the entire planet in doing so. That means that companies fully take social, economic and ecological costs and benefits into account. A situation where a company’s private optimum level of production differs from the social optimum due to externalities is one type of market failure, which is not normally addressed on the corporate level.
Other Nordic companies close to the top are oil producer Statoil ASA (OSE:STL) at number 3 and Danish biotech company Novozymes A/S (OMX: NZYM B) at number four. Aluminium producer Norsk Hydro ASA (OSE: NHY) and Swedish industrial group Atlas Copco (OMX: ATCO A, ATCO B)) round up the top ten.
Below the top ten one can also find Swedish telecom company TeliaSonera (OMX: TLSN, OMXH: TLS1V) at 13, oft-maligned oil refining and marketing company Neste Oil Oyj (OMX: NES1V) from Finland at 19, Danish wind turbine manufacturer Vestas Wind Systems A/S (OMX: VWS) at number 31, Swedish heavy trucks and buses manufacturer Scania AB (OMX: SCV B) at 36, Reverse vending machines firm Tomra Systems ASA (OSE: TOM) at number 39, Finnish retailing conglomerate Kesko Oyj (OMX: KESB) at 43, Norwegian financial services company StoreBrand ASA (OSE: STB) at 54, Swedish retail-clothing giant H & M Hennes & Mauritz AB (STO:HM B) at 67 and Danish medical devices firm Coloplast A/S (OMX: COLO B) on 84th place.
Friday, 22 July 2011
Scania Q2 2011
Markets weren’t happy with Scania’s (OMX: SCV B) operating income of 3.313 billion SEK yesterday and the stock backed 4.5%. Truck, bus and industrial and marine engines manufacturer's quarter was very stable overall but expectations were for even larger gains. Net sales were up by 18% to 43.6 billion SEK. Today Scania is up 3% so far as target prices were cut only slightly and most analysts’ target prices are considerably above current market price.
Truck deliveries grew by 32% to over 19 000 and order intake was even larger. More vehicles are delivered to Russia and the Middle East and fewer to Brazil although demand still remains strong there as well. In Q2 41% of Scania’s deliveries were to Europe, 26% to Latin America and 19% to Asia. Scania invested in new companies in India and Japan and invests in R&D to strengthen product portfolio. More information is available here.
Truck deliveries grew by 32% to over 19 000 and order intake was even larger. More vehicles are delivered to Russia and the Middle East and fewer to Brazil although demand still remains strong there as well. In Q2 41% of Scania’s deliveries were to Europe, 26% to Latin America and 19% to Asia. Scania invested in new companies in India and Japan and invests in R&D to strengthen product portfolio. More information is available here.
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