ABBA operates most profitable Swedish company. By Frederic Fleisher

Stockholm, 30th August 1977

The ABBA group, centered around Sweden’s pop star combo, is the most profitable corporation in Sweden, according to Sweden’s financial magazine, Affarsvarlden.

Preliminary reports show a gross of more than 50,000,000 million Swedish crowns (around $11,600,000) for the past fiscal year as compared with 30,000,000 crowns during the preceding fiscal year.

The pop group, consisting of Anni-Frid, Benny, Björn and Agnetha; gained an international market after their song Waterloo won the Eurovision Song Contest in Brighton early in 1974. Since then more than 50,000,000 ABBA records have been sold, of which 20,000,000 have been albums.

Sales in Sweden account for half of the total turnover. ABBA’s most recent album, Arrival has sold 700,000 copies.

Outside Sweden, ABBA has become a big seller in Australia.

The ABBA group consists of Sweden Music, Harlekin, Polar Music and Union Songs and Polar Music International. It is owned by Stikkan Anderson, promoter and songwriter, his family and the four ABBA performers.

The performers and Anderson handle their songs from the initial idea to the finished product. Their personal appearances are few. Early this year ABBA toured Europe, appearing in a few key cities such as Oslo, Gothenburg, Amsterdam, Cologne and London, before embarking on a fortnight in Australia.

ABBA have three forthcoming projects. They include a new LP in the fall, a feature film, which was shot largely during their tour in Australia, and a tour in the U.K.

The sale of disks has accounted for about three-quarters of ABBA’s income. Transcribed for ABBA World

Variety (New York) · Wednesday, 31 August 1977 (Page 59)

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