Latest News from Sweden – Page 17
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NewsDometic Q2 sales down 38%
Swedish equipment manufacturer reports hefty declines followed by encouraging trends in “extraordinary” second quarter
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NewsHallberg-Rassy to host Open Yard with restrictions
The Swedish sailboat show will be held next month in Ellös
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NewsNew on-water boat show planned for Sweden
Gothenburg on Sweden’s west coast is to get its first floating boat show for many years.
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NewsOXE Marine to deliver first OXE300 units
Having started production of their new OXE300 modular diesel outboard engine last month, Swedish engine producer OXE Marine AB announced the first units are now ready to be shipped to customers. The OXE Marine team mark a new milestone for the engine maker – completion of the first ...
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NewsVolvo Penta appoints new president
Heléne Mellquist currently serves as president of the European Division at Volvo Trucks
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NewsSwedish floating boat shows cancelled
Two major on-water boat shows in Sweden – the Marstrand Boat Show and Allt på Sjön in Gustavsberg – have been cancelled due to Covid-19. The show in Marstrand on Sweden’s west coast and in Gustavsberg outside Stockholm on the east coast were planned for the end of August.
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NewsNew proposal for eco-labelling of recreational marinas
The IVL Swedish Environmental Research Institute has investigated how an eco-labelling system can be used to reduce the environmental impact of recreational marinas. In a report, a new proposal is presented on what eco-labelling might look like, taking into account both the scope and harmfulness of various activities. “This is ...
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NewsNimbus completes acquisition of Swedish boatbuilder
Sweden’s Nimbus Boats has completed the acquisition of aluminium boat producer Alukin Boats Sweden AB. Alukin, located north of Stockholm, is now a full member of the Nimbus family.
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NewsOXE Marine publishes first quarter results
Swedish outboard engine maker OXE Marine discussed the impact of Covid-19 on the company’s results for the first quarter of 2020, ending March 31
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NewsStrong demand for marine equipment in Sweden, Norway
Byggplast/Sea Sea CEO Joakim Berner says the aftermarket is thriving The start of the boating season has been very good for companies selling boat equipment – especially in Sweden and Norway, where wholesaler Byggplast and retailers SeaSea, Hjertmans and Maritim (with more than 50 shops in both ...
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NewsDometic puts Q1 Covid loss at $40 million
Swedish equipment manufacturer Dometic Group reported Q1 results, noting a severe impact on its business beginning in mid-March and projecting that April would be much worse
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NewsTesting times accelerate new trends towards sustainable business
The world around us has changed dramatically since the start of 2020. Most of us have been impacted personally, professionally or both. Health and safety have become a critical focus. When we think about sustainability in these changing times, we believe that it includes not just environmental aspects, but also ...
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NewsVolvo struggles to define ‘new normal’
The Volvo Group – parent company of Volvo Penta – released financial results for the first quarter of 2020, revealing the severe impact of Covid-19 on the company’s global operations and continued uncertainty about what demand will look like once the crisis subsides. Marine division revenues weakened somewhat towards the ...
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NewsSwedish builder maintains production at full capacity
Similar to many other manufacturing businesses in Sweden, boatbuilder Hallberg-Rassy continues production activities despite the coronavirus outbreak. However, the restrictions on foreign travel are making it difficult for some of its customers to pick up their yachts, according to senior company representatives. Magnus Rassy, the chief executive of Hallberg-Rassy, told ...
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NewsNimbus Boats lays off workers
Sweden’s Nimbus Boats, headquartered in Gothenburg, has announced that 60 of the company’s 110 boatbuilders at the factory in Lugnås will have to leave their jobs. This is due to lower sales of new boats since the coronavirus outbreak.
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NewsVolvo provides Covid-19 update
The Volvo Group has postponed its Annual General Meeting given the uncertain and accelerating developments in the wake of the coronavirus
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NewsWith many closures already, Volvo alters dividend proposal
In light of Group operations which are – or will be – temporarily closed, the Board of Directors will withdraw its proposal foran extra shareholder dividend given the significant changes in the business environment since announcing 2019 financial results
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NewsDometic expects negative impact on Q1 results
Sweden’s equipment manufacturer Dometic Group warned of a negative impact on demand and financial results in the company’s first quarter, and withdrew the previously proposed dividend for investors
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NewsVolvo issues statement on Covid-19
Sweden’s Volvo Group has issued an update on the impact of Covid-19, stating that there is a “considerable risk of material financial impact on the Group as from mid-March.”
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