
Sweden's Alecta Sees Returns Decline in Flagship Optimal Fund
The Optimal defined contribution pension fund delivered returns of 6.8% over the course of 2024 compared to 8.7% a year earlier, the group said in a statement on Monday. Annual returns on its equity portfolio totaled 9.6% while interest-bearing assets and alternatives came in at 1.3% and 5.1%, respectively.

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Business Upturn
a day ago
- Business Upturn
Aino Health AB (publ): interim report january-june 2025
This document in English is a translation of the original in Swedish. In case of any discrepancy, the Swedish original will prevail. Increased turnover. Positive EBITDA. January – June 2025 Turnover totalled 14 848 (12 230) TSEK Profit after financial items -1 141 (-4 960) TSEK Earnings per share -0,0 (-0,1) SEK April – June 2025 Turnover totalled 7 471 (6 236) TSEK Profit after financial items -587 (-2 017) TSEK Earnings per share -0,0 (-0,0) SEK The second quarter of 2025 marks another positive step forward for Aino Health. Our growth trajectory continues, with revenue increasing by 20% compared to Q2 2024. We also achieved a positive EBITDA reflecting the underlying strength of our business model and improved operational efficiency. During the first quarter, we also implemented strategic price adjustments in close dialogue with our customers to ensure long-term profitability and sustainability. As a result some customer relationships were concluded, leading to a reduction in the number of active licenses. The quarter saw further momentum in both new customer signings and platform rollouts, particularly in the manufacturing sectors. Our strategic focus on industries with high complexity and large workforces continues to prove successful, as organizations increasingly prioritize data-driven work ability management. Cash flow remained stable and under control, supported by disciplined cost management and healthy customer payments. The onboarding of large customers is progressing according to plan, and our recurring revenue base continues to strengthen. Looking ahead, we remain committed to driving long-term value for our customers through innovation, customer success, and measurable health outcomes. With a solid pipeline and expanding market demand, we are confident that 2025 will be a year of continued profitable growth for Aino Health. The information contained herein is such as shall be made public by Aino Health AB (publ), in accordance with the EU Market Abuse Regulation. This information was made public, through the agency of Jyrki Eklund, CEO and President of Aino Health AB, at 08.30 AM CET on august 15, 2025. For more informationJyrki EklundCEO Aino HealthPhone: +358 40 042 4221 [email protected]
Yahoo
a day ago
- Yahoo
This Startup Is Adding $15M a Month--and Says $1B Is Just 12 Months Away
Lovable may have called itself the world's fastest-growing startup in Julybut that might've been just the warm-up. The Swedish AI newcomer is now adding $8 million to $15 million in annualized recurring revenue every month, with CEO Anton Osika stating the company is on pace to hit $250 million ARR by year-end and targeting $1 billion within the next 12 months. Founded in late 2023, Lovable reached a $1.8 billion valuation after its July funding round and now serves around 250,000 paying customers, many of whom use its no-code platform to build apps and websites without writing a line of code. Warning! GuruFocus has detected 6 Warning Sign with META. What sets Lovable apart isn't just growth speedit's where it's positioned in the AI stack. While the company leverages foundational models from OpenAI, Anthropic, and Google (NASDAQ:GOOG), it's also moving up the value chain and starting to compete with them. Osika told Bloomberg that Lovable was an early tester of OpenAI's new GPT-5 model but isn't worried about overlap. Instead, he pointed to Lovable's broader offering, which includes QA, security, and end-to-end functionality, not just code generation. It helps you do much more than just write the code, he said, pushing back on the idea that GPT-5 might compress the company's runway. As AI startups continue to wrestle with tech giant pressure, Lovable is signaling that it won't be one of those quietly acqui-hired. Osika made it clear he'd reject a buyout offer, referencing last month's backlash over Windsurf's leadership defecting to Google. Lovable, he said, is not cash constrained and may raise again next yearbut on its own terms. Investors tracking the next phase of AI infrastructure plays may want to watch how Lovable navigates the tension between hyperscaler dependence and platform independence. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Trump asked Norwegian minister about Nobel Prize, newspaper says
OSLO (Reuters) -When U.S. President Donald Trump called Norway's finance minister last month to discuss trade tariffs, he also asked about the Nobel Peace Prize, Norwegian business daily Dagens Naeringsliv reported on Thursday. Several countries including Israel, Pakistan and Cambodia have nominated Trump for brokering peace agreements or ceasefires, and he has said he deserves the Norwegian-bestowed accolade that four White House predecessors received. "Out of the blue, while Finance Minister Jens Stoltenberg was walking down the street in Oslo, Donald Trump called," Dagens Naeringsliv reported, citing unnamed sources. "He wanted the Nobel Prize - and to discuss tariffs." The White House, Norway's finance ministry and the Norwegian Nobel Committee did not immediately reply to requests for comment. With hundreds of candidates nominated each year, laureates are chosen by the Norwegian Nobel Committee, whose five members are appointed by Norway's parliament according to the will of Swedish 19th century industrialist Alfred Nobel. The announcement comes in October in Oslo. The Norwegian newspaper said it was not the first time Trump had brought up the prize in conversation with Stoltenberg, a former secretary general of the NATO military alliance. It quoted Stoltenberg as saying the call was to discuss trade tariffs and economic cooperation ahead of Trump's call with Norwegian Prime Minister Jonas Stoere. Asked if Trump made the Nobel prize an issue, Stoltenberg said: "I will not go further into the content of the conversation." Several White House officials, including U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer were on the call, Stoltenberg said. The White House on July 31 announced a 15% tariff on imports from Norway, the same as the European Union. Stoltenberg said on Wednesday that Norway and the United States were still in talks regarding the tariffs.