Economy

Customs crisis  Swedish business
Electrolux requests refund of customs duties for 855 million

Home appliance manufacturer Electrolux is applying for a refund of customs duties equivalent to around 855 million SEK. This is stated in a press release.

The refund refers to the customs duties that were introduced in February 2025 and increased in April of the same year.

The company expects a positive one-off effect of around 591 million SEK in operating profit for the second quarter. In addition, around 262 million SEK, attributable to the first quarter of 2026, is expected to be reported as a reduced cost of goods sold in the North America region during the second quarter. 

The future of defense
Saab: Hundreds of new jobs after Poland's submarine purchase

Saab's submarine deal with Poland means new hires of "a number of hundred new employees" within the company's naval division Naval. This is stated by Saab's press officer Ulrika Langels to TT.

"We have already grown significantly for several years and see a continued need to recruit new employees," she writes in an email.

In Lund and Helsingborg, it is mainly engineers, while more sheet metal workers, welders, mechanics and electricians are prioritized at the production in Karlskrona.

Prime Minister Ulf Kristersson (M) stated at a press conference that the deal will create "thousands of jobs", of which 7,000 in Poland.

Trump's deals
Trump bought the shares shortly before ICE's stun gun purchase

Donald Trump bought shares for up to 5 million dollars in stun gun manufacturer Axon two weeks before the migration agency ICE announced that it wanted a five-year contract worth 220 million dollars that seems tailor-made for Axon, writes CNBC.

ICE does not mention Axon by name, but procurement experts tell CNBC that the requirements specification in practice only fits the company's stun guns.

There is no evidence that Trump was involved in the procurement or that Axon knew about his stock purchase. But ethics experts say the timing of the purchase raises questions.

- There are no conflicts of interest, White House spokeswoman Anna Kelly tells the channel.

The future of e-commerce
Boozt raises forecast - predicts higher growth

Boozt issues a kind of reverse profit warning after the stock market closes on Monday.

The e-commerce company expects sales to increase by about 13 percent in the second quarter. This is evident from a preliminary update.

"Growth was broad, with support from all major categories and all major markets during the quarter," the company writes.

The adjusted operating margin, a measure of the company's profitability, is also expected to improve to 6.5 percent from 3.4 percent in the corresponding quarter last year.

Against this background, Boozt is raising its full-year forecast. The company now expects sales growth of 7–11 percent in local currency, compared to 3–8 percent previously. The adjusted operating margin is increased to 6.0–6.8 percent, compared to 5.6–6.8 percent previously.