Investing.com -- Hemnet Group AB on Friday reported solid second-quarter results with Adjusted EBITDA coming in 1.5% ahead of company-compiled consensus, while Net Sales were in-line with expectations. The Swedish property portal saw its Adjusted EBITDA margin expand by 0.6 percentage points to 54%, slightly ahead of the 53.4% consensus. This margin expansion reverses a negative trend from the pr ...
By Greta Rosen Fondahn STOCKHOLM (Reuters) -Swedish home appliances maker Electrolux (ST:ELUXa) reported a bigger rise than expected in second-quarter profit on Friday as it outperformed the wider market in North America, and price hikes offset higher costs related to U.S. tariffs. Operating profit at the group, whose brands also include Frigidaire, AEG, Zanussi and Volta, was 797 million crowns ...
Investing.com -- Reckitt Benckiser Group (LSE:LON:RKT) has agreed to sell the majority of its Essential Home business to private equity firm Advent International in a deal valued at up to $4.8 billion (£3.6 billion). The transaction, expected to complete by the end of the year, will see Reckitt retain a 30% stake in the business while receiving deferred and contingent consideration of $1.3 bi ...
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Paper & Pulp, Transport and Communication sectors led shares lower. At the close in Tokyo, the Nikkei 225 fell 0.17%. The best performers of the session on the Nikkei 225 were SoftBank Group Corp. (TYO:9984), which rose 5.00% or 535.00 points to trade at 11,230.00 at the close. Meanwhile, Ebara Corp. (TYO:6 ...