Day: May 6, 2020

First Quarter 2020 Results                                                              Montrouge, May 6th 2020Crédit Agricole absorbs the Covid-19 impact and is mobilised for the economy          This press release comments on the results of Crédit Agricole S.A. and those of Crédit Agricole Group, which comprises the Crédit Agricole S.A. entities and the Crédit Agricole Regional Banks, which own 55.9% of Crédit Agricole S.A. Please see p.23 onwards of this press release for details of specific items, which are restated in the various indicators to calculate underlying income. A reconciliation between the stated income statement and the underlying income statement can be found from p.3 for Crédit Agricole Group and from p.7 for Crédit Agricole S.A.Crédit Agricole Group

Trondheim, 6 May 2020: NORBIT, a global provider of tailored technology to carefully selected niches, today reported revenues for the first quarter of 2020 of NOK 151.6 million, down 4 per cent from the corresponding period in 2019. All the company’s business segments are somewhat affected by the covid-19 situation, whereas the Oceans segment is the most affected due to its´ global presence.“I am pleased to see that we have managed to maintain production and delivered orders as requested by customers, despite the demanding conditions. Although I am not pleased with our results for the quarter, I am very pleased with the way our organisation has handled this challenging situation,” says Per Jørgen Weisethaunet, CEO of NORBIT.Throughout 2019, NORBIT strengthened its organisation to position for growth, resulting in increased employee expenses....

Trondheim, 6. mai 2020: NORBIT, en global leverandør av skreddersydd teknologi til utvalgte nisjer, rapporterte i dag inntekter for første kvartal 2020 på 151,6 millioner kroner, tilsvarende en nedgang i omsetningen på 4 prosent fra samme periode i 2019. Alle selskapets forretningsområder er til en viss grad påvirket av covid-19 situasjonen, hvorav segmentet Oceans er mest påvirket på grunn av sin globale virksomhet.«Det er gledelig at vi har klart å opprettholde produksjonen og levert de ordrene kundene har bedt om, til tross for de krevende forholdene vi har operert under. Selv om jeg ikke er fornøyd med de finansielle resultatene dette kvartalet, så er jeg fornøyd med hvordan organisasjonen har håndtert denne utfordrende situasjonen,» sier Per Jørgen Weisethaunet, administrerende direktør i NORBIT.Gjennom 2019 styrket NORBIT sin organisasjon...

Today, Schibsted released its Q1 2020 results.Highlights of the quarterGroup revenues increased by 5 percent in Q1 2020Q1 revenues for Schibsted ex Adevinta decreased by 2 percent (4 percent currency adjusted)Q1 EBITDA for Schibsted ex Adevinta came in 32 percent lower than last year at NOK 285 millionNordic Marketplaces: Revenue growth slowdown particularly affected by COVID-19 from mid-March, leaving Norway revenues flat compared to last year, while revenues in Sweden increased driven by Motor. Underlying flat EBITDA margin in Norway, Sweden with lower margin driven by investments in sales and product and technology capabilities.News Media: Exceptional growth in traffic and digital subscription revenues in March, but substantial drop in advertising revenues due to COVID-19 from mid-March and gaming regulation in Sweden led to a significant...