Full speed ahead for Swedish industry

Record Profits for Swedish Companies

According to a study commissioned by the business newspaper “Dagens Industri”, turnover at Swedish companies has increased significantly and profits are breaking records.

In compiling the report the credit research company UC investigated all of the country’s 200,000 corporations. It found that total profits last year increased by 24 percent. Turnover was up 17 percent.

But despite the improvements, very few new jobs were created. Either existing personnel are being pressed to do more, the researchers say, or operations have become more effective.

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