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Month: July 2020

GTT : Résultats du premier semestre 2020 – Chiffre d’affaires et résultats en forte hausse ; objectifs annuels confirmés

Résultats du premier semestre 2020Chiffre d’affaires et résultats en forte hausse ; objectifs annuels confirmésChiffres-clés du premier semestre 2020Chiffre d’affaires : 203,8 M€ (+66,2 %) et EBITDA : 136,6 M€ (+92,7 %)18 commandes (12 méthaniers, 2 FSU, 1 FSRU, 3 réservoirs terrestres)Acompte sur dividende de 2,50 euros par actionFaits marquantsDes commandes qui couvrent l’ensemble de la chaîne de valeurNouveaux contrats de prestations de servicesEffort soutenu en matière de brevetsPoursuite des acquisitions cibléesPerspectives 2020Confirmation des objectifs 2020, en termes de chiffre d’affaires, d’EBITDA et de dividende             Paris – le 29 juillet 2020. Gaztransport & Technigaz (GTT), société de technologie et d’ingénierie spécialisée dans la conception de systèmes de confinement à membranes pour le transport maritime et...

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H1 2020 results: Profitability preserved despite Q2 revenue drop – Financial leverage well contained at 2.8x

Q2 and Half Year 2020 ResultsH1 2020 revenues down -12.4% at €1,237 million, following a  -20.5% drop in Q2 revenues due to the Covid-19 spread and lockdown measures. Sequential improvement of sales over Q2;€51 million of cost savings in H1 2020, including €29 million of Covid-19 measures;Adjusted EBITDA at €106 million in H1 2020 with preserved margin at 8.6% versus 9.0% last year;Net income impacted by -€54 million non-cash charge for impairment mainly related to assets in the hospitality segment;Free cash-flow of -€76 million in H1 2020 in line with usual seasonality;Leverage of 2.8x at end of June 2020 (pre IFRS16 as per our credit documentation). Available confirmed liquidity of €945 million;Solid fundamentals to cope with uncertain economic conditions in H2 2020, confirmed Change to Win financial objectives for 2021 and 2022.Paris,...

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Résultats du premier semestre 2020 : Rentabilité de la marge préservée malgré la baisse d’activité du T2 – Levier financier bien maîtrisé à 2,8x

Résultats du second trimestre et du premier semestre 2020Chiffre d’affaires de 1 237 millions d’euros au S1 2020, en retrait de 12,4% reflétant une baisse de 20,5% au T2 due au développement de la pandémie et aux mesures de confinement. Amélioration progressive des tendances au cours du T2 ;Réduction des coûts de 51 millions d’euros au S1, dont 29 millions d’euros générés par des mesures spécifiques Covid-19 ;EBITDA ajusté de 106 millions d’euros au S1 2020, soit une marge préservée à 8,6% par rapport à 9,0% l’année dernière ;Résultat net pénalisé par une dépréciation d’actifs de -54 millions d’euros, principalement liée au segment de l’hôtellerie ;Free cash-flow de -76 millions d’euros au S1 2020, en ligne avec la saisonnalité habituelle ;Levier de 2,8x à fin juin 2020 (avant application d’IFRS16, tel que dans la documentation de crédit)....

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Information financière au 30 juin 2020 de Galimmo SCA (groupe Galimmo Real Estate)

Information financière au 30 juin 2020 de Galimmo SCA(groupe Galimmo Real Estate)Performance financière du 1er semestre 2020 affectée par la crise sanitaire et les restrictions relatives aux activités des commerces Mesures prises au cas par cas afin de soutenir les locataires Impact de la crise en France : -2,5 M€ sur les revenus locatifs nets du 1er semestre (14,7 M€)Résultat EPRA de 7,5 M€, en baisse de 23,6% par rapport au 1er semestre 2019Patrimoine immobilier France valorisé à 671,5 M€, en recul de 3,3%1par rapport à fin décembre 2019Maintien d’une situation financière solideActivité locative soutenue et dynamique de développement maintenue, en dépit du contexte55 baux signés en France représentant un volume de loyers de 2,1 M€Poursuite du chantier de Shop’in Pacé à proximité de Rennes, ralenti pendant le confinementLancement du...

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Cornish Metals Name Change from Strongbow Exploration and New Ticker Symbol

VANCOUVER, British Columbia, July 29, 2020 (GLOBE NEWSWIRE) — Cornish Metals Inc. (TSX-V: CUSN), (“Cornish Metals” or the “Company”) announces that further to its news release dated July 9, 2020, its name change from Strongbow Exploration has come into effect. The Company’s shares have commenced trading under the new name Cornish Metals Inc. and new ticker symbol TSX-V:CUSN.Richard Williams, CEO, stated, “The renaming to Cornish Metals is a reflection of our dedication to revitalizing an industry which means so much to the people of Cornwall. The objective is to bring tin and copper mining back to Cornwall, to create well-paid, highly skilled jobs hand in hand with the community, with an emphasis on hiring locally wherever possible. Our guiding principle is to ensure we attain the highest standards for health, safety, and the environment,...

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Sampo plc’s potential interest in Hastings Group Holdings Plc

SAMPO PLC                        INSIDE INFORMATION          29 July 2020 at 6:05 pmNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE “CODE”) AND DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE. THERE CAN BE NO CERTAINTY THAT ANY FIRM OFFER WILL BE MADE NOR AS TO THE TERMS ON WHICH ANY FIRM OFFER MIGHT BE MADESampo plc’s potential interest in Hastings Group Holdings PlcSampo plc notes the recent announcement released today by British insurer Hastings Group Holdings Plc (“Hastings”). Sampo and Rand Merchant Investment Holdings Limited (RMI) confirm that they...

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