Good reports from Volvo & Ericsson
Two of Sweden’s most important companies have filed better-than-expected reports for the third quarter.
Volvo, the world number two manufacturer of trucks and other heavy vehicles, announced profits for the quarter of US $ 422 million, compared to loses just over that amount in the same period last year.
Telecoms equipment maker Ericsson reported net profits of 533 million dollars for the quarter, boosted mainly by lower costs and improved performance in its join venture Sony Ericsson. That was more than four times the profit in the same period last year.