Business Services Industry
Bonnier AB sees profit soar to SEK1.18bn
Nordic Business Report, Feb 16, 2004
NORDIC BUSINESS REPORT-16 February 2004-Bonnier AB sees profit soar to SEK1.18bn(C)1994-2004 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish family-owned media group Bonnier AB released its 2003 figures on Monday (16 February), posting an operating profit of SEK1,179m, as compared to SEK19m in 2002.
Group sales increased by 7% and amounted to SEK18,710m, boosted by good growth outside Sweden.
"Our book operations, and particularly book publishing in Germany, which includes the Harry Potter series, are a major source of satisfaction, as is (the film distributor) SF's success with the Lord of the Rings movies throughout the Nordic Region. However, all business areas contributed to the improvement in profit," said Bengt Braun, president and CEO of Bonnier.
"Other significant reasons for the strong level of profit are cost savings and the termination of insufficiently profitable projects," Braun added.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
Most Popular Business Publications
Content provided in partnership with
