Karl Fazer AB has revealed that it is eyeing acquisition targets in the Swedish bakery and catering sector. Last year, the group posted pre-tax profit of SKr366m, on sales of SKr6.2bn, and CEO Hans-Olof Danielsson commented recently: "We have no debt." "If something good pops up, we can spend SKr 2-3bn and still have an equity/assets ratio of 45%," he added.