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Konecranes’ comparable operating profit higher than expected (update)

(adds the final two paragraphs) Finnish engineering company Konecranes reports revenue in line with expectations for the third quarter. Comparable operating profit was meanwhile 3.5 percent higher than expected. Revenue increased 11.4 percent to 1 101.5 million euros (988.7). The outcome can be compared with Vara Research’s analyst consensus of 1 099. Adjusted EBITDA amounted […]

Systembolaget significantly improves operating profit

The state-owned retail monopoly Systembolaget reports slightly higher revenue and a sharply improved operating profit in the third quarter, despite lower sales volumes. Net sales increased by 1.2 percent to SEK 10,214 million (10,096). The increase is mainly explained by higher deposit levels and price increases through adjusted markups. Sales volume decreased by 1.0 percent […]

SJ increased passenger numbers and profit

Train operator SJ reports higher revenue and operating profit in the third quarter compared with the same period of the previous year, while passenger numbers increased by 6 percent. Revenue rose 5.5 percent to SEK 3,752 million (3,557). Operating profit was SEK 462 million (351), with an operating margin of 12.2 percent (9.8). Net profit […]

Heineken warns of lower beer sales due to weight-loss drugs

Dutch brewing giant Heineken is urging British pubs and bars to adapt their offerings to the growing use of weight-loss drugs such as Ozempic and Wegovy. The drugs may reduce the desire for alcohol and thereby put pressure on sales of beer and cider, Reuters reports, citing a company presentation. Heineken recommends smaller serving sizes, […]

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