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Day: November 5, 2020

UPM establishes a Euro Medium Term Note programme and publishes a Green Finance Framework

(UPM, Helsinki, 5 November 2020 at 20:45 EET) – UPM-Kymmene Corporation has established a EUR 3,000,000,000 Euro Medium Term Note (“EMTN”) programme. The Central Bank of Ireland has approved the base prospectus for the programme on 5 November 2020, which will be available on the website of Euronext Dublin at www.ise.ie and on UPM’s website at www.upm.com/investors/upm-as-an-investment/debt/.Citigroup Global Market Limited is acting as arranger of the EMTN programme.In connection with the establishment of the EMTN programme, UPM has also prepared a Green Finance Framework, which will continue integrating its Biofore strategy into financing of the company. In March 2020, UPM became one of the first companies to link the pricing mechanism of a syndicated revolving credit facility (RCF) to both biodiversity and climate targets. With the Green...

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UPM perustaa Euro Medium Term Note -ohjelman ja julkaisee vihreän rahoituksen viitekehyksen 

(UPM, Helsinki, 5.11.2020 klo 20.45 EET) – UPM-Kymmene Oyj on perustanut 3 000 000 000 euron  joukkovelkakirjalainaohjelman (Euro Medium Term Note, EMTN-ohjelma). Irlannin keskuspankki on hyväksynyt lainaohjelman esitteen 5.11.2020, ja se on saatavilla Euronext Dublin -verkkosivustolla osoitteessa www.ise.ie sekä UPM:n verkkosivuilla osoitteessa www.upm.com/fi/sijoittajat/upm-sijoituskohteena/velka/.UPM:n EMTN-ohjelman järjestäjänä toimii Citigroup Global Market Limited.EMTN-ohjelman perustamisen yhteydessä UPM on myös laatinut vihreän rahoituksen viitekehyksen (Green Finance Framework), joka jatkaa Biofore-strategian integrointia yhtiön rahoitukseen. Maaliskuussa 2020 UPM:stä tuli yksi ensimmäisistä yrityksistä, joka sitoi valmiusluottonsa (revolving credit facility, RCF) hinnoittelumekanismin metsäluonnon monimuotoisuus- ja ilmastotavoitteisiin....

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Culture Change the Biggest Obstacle to Enterprise Agility

STAMFORD, Conn., Nov. 05, 2020 (GLOBE NEWSWIRE) — Enterprise agility—the ability to be resilient and respond quickly to changing market dynamics—is being embraced as never before during the pandemic, but organizations still face cultural obstacles to success, according to an expert from Information Services Group (ISG) (Nasdaq: III), leading global technology research and advisory firm.“Most organizations are in the midst of a major digital transformation—either pre-planned, or to increase enterprise agility with DevOps and Agile methodologies in response to the pandemic impact,” said Ola Chowning, partner, ISG Enterprise Agility. “Each organization is likely discovering that managing cultural change is the most significant and difficult factor, as enterprise agility is often severely challenged by legacy cultures. Technology and...

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EURO Ressources reports earnings for the third quarter and nine months ended September 30,2020

EURO RESSOURCES REPORTS EARNINGS FOR THETHIRD QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2020Paris, France, November 5, 2020: EURO Ressources S.A. (“EURO” or “the Company”) (Paris: EUR) today announced its unaudited statutory interim financial results prepared in accordance with International Financial Reporting Standards (“IFRS”) for the nine months ended September 30, 2020. These unaudited interim financial statements were approved by the Board of Directors on November 5, 2020. All financial amounts are expressed in Euros (“€” or “euros”) unless otherwise specified.HighlightsUnder IFRS, EURO reported a net profit of €3.0 million (€0.047 per share) and €11.2 million (€0.179 per share) for the three and nine months ended September 30, 2020, respectively, compared to €3.5 million (€0.056 per share) and €11.7 million (€0.187 per share)...

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EURO Ressources annonce ses résultats pour le troisième trimestre et les neuf mois clos le 30 septembre 2020

EURO RESSOURCES ANNONCE SES RÉSULTATS POUR LETROISIÈME TRIMESTRE ET LES NEUF MOIS CLOS LE 30 SEPTEMBRE 2020Paris, France, le 5 novembre 2020 : EURO Ressources S.A. (« EURO »ou la « Société ») (Paris : EUR) a publié aujourd’hui ses résultats financiers intermédiaires non audités, préparés conformément aux Normes internationales d’information financière (« IFRS ») pour la période de neuf mois close le 30 septembre 2020. Ces états financiers intermédiaires non audités ont été approuvés par le Conseil d’administration le 5 novembre 2020. Sauf mention contraire, tous les montants sont exprimés en euros (« € »).Faits marquantsSelon les IFRS, EURO a enregistré un bénéfice net de respectivement 3,0 millions d’euros (0,047 € par action) et de 11,2 millions d’euros (0,179 € par action) pour le trimestre et les neuf mois...

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Banque Profil de Gestion SA : Changement d’actionnaire de référence, rachat de One Swiss Bank SA et fusion

Communiqué de presseBanque Profil de Gestion SA :Changement d’actionnaire de référence,rachat de One Swiss Bank SAet fusionGenève, le 5 novembre 2020 – La Banque Profil de Gestion SA (BPDG), son actionnaire actuel de référence (Banca Profilo S.p.A) ainsi que les actionnaires de la société One Swiss Bank SA (OSB) ont signé un Memorandum of Understanding (MoU) contraignant portant essentiellement sur le changement d’actionnaire de référence de BPDG, le rachat par BPDG de OSB puis la fusion simplifiée de BPDG et OSB.La transaction est notamment conditionnée à la négociation et à la signature des contrats formalisant les termes du MoU, à l’agrément formel de la FINMA ainsi que, le cas échéant, de toutes autres autorités prudentielles compétentes.L’opération impliquerait le versement préalable par BPDG d’un dividende extraordinaire aux actionnaires...

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XPO Logistics Announces Third Quarter 2020 Results

Reports dramatic rebound across service offerings and geographiesProvides 2020 guidance for fourth quarter and full year adjusted EBITDA and free cash flowGREENWICH, Conn., Nov. 05, 2020 (GLOBE NEWSWIRE) —  XPO Logistics, Inc. (NYSE: XPO) today announced its financial results for the third quarter 2020. Revenue increased to $4.22 billion, compared with $4.15 billion for the third quarter 2019. Net income attributable to common shareholders was $84 million, compared with $117 million for the third quarter 2019. Operating income was $223 million, compared with $229 million for the third quarter 2019. Diluted earnings per share was $0.83, compared with $1.14 for the third quarter 2019.Adjusted net income attributable to common shareholders, a non-GAAP financial measure, was $86 million for the third quarter 2020, compared with $121...

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Technicolor Third Quarter 2020 Results

PRESS RELEASE     Third Quarter 2020 resultsTechnicolor remains on track to meet its full year and 2022 guidanceParis (France), 5 November 2020 – Technicolor (Euronext Paris: TCH; OTCQX: TCLRY) announces today its results for the third quarter of 2020.Richard Moat, Chief Executive Officer of Technicolor, stated:“The Group demonstrated its resilience in facing the Covid-19 crisis during the third quarter. The Group’s transformation plan has significantly improved underlying profitability and year on year cash flow generation, even though Technicolor has suffered in terms of sales during this difficult period. We therefore remain confident in meeting our 2020 and 2022 outlook, and delivering profitable growth, cash generation and value creation to our shareholders. Following the completion of our financial restructuring, Technicolor now...

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Technicolor Résultats du Troisième Trimestre 2020

COMMUNIQUE DE PRESSE     Résultats du troisième trimestre 2020     Technicolor reste en bonne voie pour atteindre ses objectifs 2020 et 2022Paris (France), 5 novembre 2020 – Technicolor (Euronext Paris : TCH ; OTCQX : TCLRY) annonce aujourd’hui ses résultats du troisième trimestre 2020.Richard Moat, Directeur général de Technicolor, a déclaré :« Le Groupe a démontré sa résilience face à la crise de la Covid-19 au cours du troisième trimestre. Le plan de transformation du Groupe a permis d’améliorer significativement la rentabilité et la génération de trésorerie sur un an, même si Technicolor a souffert en termes de chiffre d’affaires au cours de cette période difficile. Nous restons donc confiants dans la réalisation de nos perspectives 2020 et 2022 ainsi que dans la réalisation d’une croissance rentable, d’une génération...

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Financial Results for the Second Quarter of Fiscal 2021 Ended September 30, 2020

Revenues at $3.702 billion, up 1.0%Adjusted EBITDA at $370.5 million, down 6.1%Net earnings at $170.8 million, down 2.3%Adjusted net earnings excluding amortization of intangible assets related to business acquisitions at $184.1 million, down 7.2%MONTREAL, Nov. 05, 2020 (GLOBE NEWSWIRE) — Saputo Inc. (TSX: SAP) (Saputo or the Company) reported today its financial results for the second quarter of fiscal 2021, which ended on September 30, 2020. All amounts in this news release are in Canadian dollars (CDN), unless otherwise indicated, and are presented according to International Financial Reporting Standards (IFRS).Revenues amounted to $3.702 billion, an increase of $36.6 million or 1.0%.Adjusted EBITDA* amounted to $370.5 million, a decrease of $23.9 million or 6.1%.Net earnings totalled $170.8 million and EPS** (basic and diluted)...

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