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Month: May 2020

NoHo Partners begins co-operation negotiations on continuing temporary layoffs due to uncertain market situation

NoHo Partners PlcOn 13 March 2020, NoHo Partners announced it would start temporary layoffs, of 90 days at most, in order to minimise the negative financial impact of the coronavirus (COVID-19) on its business. The current temporary layoffs concern nearly all of the Group’s employees, which comprises about 1,300 people. The layoffs are estimated to continue until the end of June 2020.“We are preparing to gradually start operations on 1 June. The main principles that guide our actions are the safety of our personnel and customers, the profitability of operations and employing our personnel as much as is feasible. Uncertain market conditions and unclear official restrictions create a challenging operating environment. Now, we are trying to find flexible and functional operational models together with our personnel,” says Aku Vikström, CEO...

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NoHo Partners aloittaa yhteistoimintaneuvottelut määräaikaisten lomautusten jatkamisesta epävarman markkinatilanteen vuoksi

NoHo Partners OyjNoHo Partners tiedotti 13.3.2020 aloittavansa henkilöstönsä määräaikaiset, enintään 90 päivää kestävät lomautukset minimoidakseen koronaviruksen (COVID-19) negatiivisia taloudellisia vaikutuksia liiketoimintaansa. Voimassa olevat määräaikaiset lomautukset ovat koskeneet lähes koko konsernin henkilöstöä Suomessa eli noin 1 300 henkilöä, ja lomautusten on arvioitu jatkuvan kesäkuun 2020 loppuun.– Valmistaudumme vaiheittaiseen liiketoiminnan käynnistymiseen 1.6. alkaen. Toimintaamme ohjaavat ensisijaisesti henkilökuntamme ja asiakkaidemme turvallisuus, toiminnan kannattavuus ja henkilöstömme työllistäminen mahdollisuuksien mukaan. Markkinan epävarmuus ja epäselvät viranomaisrajoitukset asettavat liiketoiminnalle haastavan ympäristön, ja etsimmekin nyt toimivia ja joustavia malleja yhdessä henkilökuntamme kanssa, sanoo...

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Delårsrapport for 1. kvartal 2020 – Forventninger til vækst fastholdes

Bestyrelsen for Wirtek a/s har i dag behandlet og godkendt regnskabet for første kvartal 2020 for Wirtek koncernen.Omsætningen for første kvartal 2020 blev 6.992 t.kr., hvilket er 30% bedre end samme periode 2019. Resultat før skat for kvartalet viser et overskud på 824 t.kr., 180% bedre end samme periode 2019.Ledelsen er meget tilfreds med udviklingen i første kvartal, der har vist stor positiv vækst på både top- og bundlinje. Samme høje vækst kan muligvis ikke opretholdes de kommende kvartaler, idet nogle projekter er blevet udsat pga. COVID-19 pandemien. Der er ingen indikationer på, at kunderne stopper allerede igangsatte projekter på grund af COVID-19, og enkelte kunder har tilkendegivet at ville udvide engagementerne, mens en del forventede projekter er udsat som allerede nævnt.    Wirtek forventer på denne baggrund stadig en tocifret...

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Den Jyske Sparekasse – Kvartalsrapport 1. kvartal 2020

Selskabsmeddelelse nr. 8/2020Grindsted, den 15. maj 2020Godt kvartal i Den Jyske Sparekasse påvirket af coronakrisenBestyrelsen har i dag godkendt kvartalsrapporten for 1. kvartal 2020 for Den Jyske Sparekasse A/S, der hermed offentliggøres.Hovedpunkterne er i overskrifter:Kvartalet er præget af et fortsat højt aktivitetsniveau og en basisindtjening på 42,3 mio. kr., hvilket er tilfredsstillende og over budgettet for kvartalet.Sparekassen har i 1. kvartal udgiftsført nedskrivninger på 70,9 mio. kr., hvoraf de 10,9 mio. kr. er udgiftsført på baggrund af konkrete hændelser. Dertil er lagt de estimerede konsekvenser af coronakrisen på basis af et ledelsesmæssigt skøn, som udgør 60 mio. kr.Kvartalets resultat før skat udgør et underskud på 29,0 mio. kr.Netto rente- og gebyrindtægterne er på 155,2 mio. kr., hvilket er på niveau med 1. kvartal...

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Private markets adopt a pause & prepare stance amidst the COVID-19 pandemic

London/New York – May 12, 2020: Oxane Partners, a leading technology-driven solutions provider to the alternative investments industry, today released its special report ‘COVID-19 and the Private Markets’. Based on a market survey of 120+ senior professionals, the special report reveals that private investment firms are following a ‘pause and prepare’ approach – pausing new investment activity and getting better prepared for the future. The report explores the extent of disruption, top priorities of investment firms, change in investment outlook and emerging themes across private market asset classes. The market survey, targeted at investment professionals across the UK, Europe and the US, found that one in three respondents highlighted prioritizing the adoption of a portfolio management solution and mobile technologies as...

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Redwood Capital Management Limited: Oil price bounce back after a day of negative dollar

After a staggering days of decline in the market, oil price suddenly jump back to almost half of its price lost late Tuesday. The oil market is doing its best to cope up even though it is facing a lot of problems due to oversupply and shortage of warehouse for storage. – The U.S. base crude company, West Texas Intermediate (WTI) rose up to 19.10% to $13.78 per barrel, a day after experiencing to the first time in its history a negative dollar price.– Brent crude on the other hand remained in $20 per barrel price since last month. It gained 5.38% to $20.37 per barrel. After two days of loss of stocks in the U.S., the market closed a bit higher today. The increase came from the positivity cause by the Senate’s additional stimulus measures and the unexpected rebound of the oil prices.– The Dow Jones Industrial Average rose...

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Bergman & Beving AB: Financial Report 1 April 2019–31 March 2020

Press releaseFinancial Report 1 April 2019–31 March 2020Fourth quarter (1 January–31 March 2020)Revenue increased by 10 percent to MSEK 1,090 (995).EBITA amounted to MSEK 57 (57) and was charged with restructuring expenses of MSEK 18.EBITA before restructuring expenses increased by 32 percent to MSEK 75 (57), corresponding to an EBITA margin of 6.9 percent (5.7).Net profit amounted to MSEK 30 (38).Earnings per share amounted to SEK 1.10 (1.40).12 months (1 April 2019–31 March 2020)Revenue increased by 3 percent to MSEK 4,060 (3,945).EBITA amounted to MSEK 208 (249) and was charged with restructuring expenses of MSEK 41.EBITA before restructuring expenses was MSEK 249 (249).Net profit amounted to MSEK 116 (169).Earnings per share amounted to SEK 4.30 (6.25).Return on working capital (P/WC) amounted to 16 percent (22).The Board postpones...

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Bergman & Beving AB: Bokslutskommuniké 1 april 2019 – 31 mars 2020

PressmeddelandeBokslutskommuniké 1 april 2019 – 31 mars 2020Fjärde kvartalet (1 januari – 31 mars 2020)Nettoomsättningen ökade med 10 procent och uppgick till 1 090 MSEK (995).Resultatet (EBITA) uppgick till 57 MSEK (57) och belastades med omstruktureringskostnader om 18 MSEK.Resultatet (EBITA) rensat för omstruktureringskostnader ökade med 32 procent till 75 MSEK (57), motsvarande en EBITA-marginal om 6,9 procent (5,7).Resultatet efter skatt uppgick till 30 MSEK (38).Resultat per aktie uppgick till 1,10 SEK (1,40).Tolv månader (1 april 2019 – 31 mars 2020)Nettoomsättningen ökade med 3 procent och uppgick till 4 060 MSEK (3 945).Resultatet (EBITA) uppgick till 208 MSEK (249) och belastades med omstruktureringskostnader om 41 MSEK.Resultatet (EBITA) rensat för omstruktureringskostnader uppgick till 249 MSEK (249).Resultatet efter skatt...

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Eurocastle Releases First Quarter 2020 Interim Management Statement and Announces Annual General Meeting on 17 June 2020

Oak Fund Services (Guernsey) LimitedCompany AdministratorAttn:  Mark WoodallTel:  +44 1481 723450                                                                                          Eurocastle Releases First Quarter 2020 Interim Management Statement andAnnounces Annual General Meeting on 17 June 2020­­­Guernsey, 15 May 2020 – Eurocastle Investment Limited (Euronext Amsterdam: ECT) today has released its interim management statement for the quarter ended 31 March 2020.Q1 2020 BUSINESS HIGHLIGHTS¨Adjusted Net Asset Value (“NAV”)1 of €12.5 million, or €6.78 per share2, down €1.54 per share vs. €8.32 per share at 31 December 2019 due to:Valuation declines reflecting the estimated potential impact of COVID-19:€1.62 per share decrease (21%) in the valuation of the remaining three real estate fund investments.€0.08 per share decrease (13%)...

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Interim report January 1 – March 31, 2020

Regulatory release no. 23Highlights first quarter 2020 Q1 Revenue grew by 40% to 20,921 tEUR (Q1 2019: 14,905 tEUR). Organic revenue growth was 21%. The growth was supported by strong sports win margins and high activity up until the COVID-19 crisis started impacting societies and sports events from mid-March. Q1 EBITA before special items increased 32% to 8,626 tEUR (Q1 2019: 6,521 tEUR). The EBITA-margin before special items was 41%. Cash Flow from operations before special items was 9,451 tEUR (Q1 2019: 7,559 tEUR), an increase of 25%. The cash conversion was 103%. End of Q1, capital reserves stood at 70.4 mEUR including cash of 18.9 mEUR and unused bank credit facilities of 51.5 mEUR. New Depositing Customers (NDCs) was 116.000 in the quarter (same as last year), delivering flat growth due to a significant drop from mid-March. Better...

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