Cardo has exercised the warrant that was received as part of the selling price on disposal of the Rail business area in September 2002. At the same time, Cardo has decided to sell the shares received to the new principal owner of the operation.
The Group’s inflow of orders amounted to SEK 5,872 million (5,761), an increase of 3 percent after adjustment for the effects of exchange rate movements. Net sales amounted to SEK 5,491 million (5,528), which adjusted for the effects of exchange rate movements is on a par with the previous year.
The Group’s inflow of orders amounted to SEK 4,002 million (3,897), an increase of 4 percent after adjustment for the effects of exchange rate movements.
Cardo Pump has decided to change its sales organisation within the pump division. The plan is to concentrate marketing activities on one sales channel and one brand. Sales resources will be moved …
“The year has begun well as far as inflow of orders is concerned, which may indicate that the turning point has now arrived as regards demand for our construction-related products…
Carina Malmgren Heander was elected as a new member of the board of directors. She is vice president human resources at Sandvik AB, where she is a member of the group management team.
At Cardo AB’s annual general meeting, the following resolutions were among those passed:
Cardo’s nominations committee, consisting of Fredrik Lundberg (chairman of Cardo’s board), L E Lundbergföretagen AB, Mats Andersson, National Swedish Pension Fund, Third Fund Board and Ramsay Brufer, Alecta, who together represent approximately 47 percent …
Cardo has decided to invest approximately SEK 70 million in an expansion of the Cardo Pump business area’s production facility in Vadstena. This investment means that Cardo’s pump manufacture in Sweden will be concentrated and its efficiency enhanced.
