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Year: 2020

MT Højgaard Holding A/S: Continued progress in the third quarter and unchanged outlook for 2020

Operating profit before special items improved again in the third quarter, confirming expectations of a gradual improvement in earnings during the year.Summary – Interim financial report for the third quarter of 2020As expected, revenue for the first nine months of DKK 4,378 million decreased by approx. 5% on the same period last year. This mainly reflected a temporary decline in revenue at Enemærke & Petersen in the first half of 2020.Third-quarter revenue increased 1% to DKK 1,497 million, mainly due to Scandi Byg.Operating profit before special items for the first nine months increased to DKK 82 million in the MT Højgaard Group and DKK 51 million in MT Højgaard Holding A/S. The MT Højgaard Group’s operating margin before special items increased to 1.9% from 1.4% in the same quarter in 2019, mainly driven by a higher gross margin...

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MT Højgaard Holding A/S: Fortsat fremgang i 3. kvartal og uændrede forventninger til 2020

Driftsresultatet før særlige poster blev igen i 3. kvartal forbedret. Resultaterne bekræfter forventningen om en gradvis forbedring af indtjeningen året igennem.Hovedpunkterne i delårsrapporten for 3. kvartal 2020Omsætningen i de første ni måneder blev 4.378 mio. kr. Faldet på ca. 5% fra samme periode sidste år var ventet og skyldes især en midlertidig nedgang i Enemærke & Petersens omsætning i 1. halvår 2020.Omsætningen i 3. kvartal steg 1% til 1.497 mio. kr. Væksten skyldes primært Scandi Byg.Driftsresultat før særlige poster i de første ni måneder blev forbedret til 82 mio. kr. i MT Højgaard-koncernen og 51 mio. kr. i MT Højgaard Holding A/S. MT Højgaard-koncernens driftsmargin før særlige poster steg til 1,9% mod 1,4% i samme kvartal 2019, især drevet af bedre bruttomargin og lavere administrationsomkostninger.I 3. kvartal blev...

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Lincoln Educational Services Reports Strong Third Quarter Results; Third Quarter Net Income More than Doubles as Revenue Rises 8.5%; 15.3% Student Start Growth

WEST ORANGE, N.J., Nov. 11, 2020 (GLOBE NEWSWIRE) — Lincoln Educational Services Corporation (Nasdaq: LINC) today reported operating and financial results for the third quarter ended September 30, 2020 as well as recent business developments.Operational and Financial Highlights for the Third Quarter Ended September 30, 2020(as compared to quarter ending September 30, 2019)8.5% revenue growth with 10.1% and 7.9% growth for Healthcare and Other Professions Segment and Transportation and Skilled Trades Segments, respectively15.3% increase in student starts with 10.6% and 17.2% increases for Healthcare and Other Professions Segment and Transportation and Skilled Trades Segment, respectively9.6% increase in ending student population36.3% increase in EBITDA to $5.6 millionNet Income of $3.5 million is more than double that of the prior...

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Delcath Systems, Inc. Announces Third Quarter 2020 Results

NEW YORK, Nov. 11, 2020 (GLOBE NEWSWIRE) — Delcath Systems, Inc. (NASDAQ: DCTH), an interventional oncology company focused on the treatment of primary and metastatic cancers of the liver, today reported business highlights and financial results for the third quarter ended September 30, 2020.Recent Business HighlightsDuring and since the third quarter of 2020, the company:Strengthened the executive team with the appointment of Gerard Michel as Chief Executive Officer.Announced the conditional acceptance by the FDA of the trade name HEPZATO™ KIT (melphalan hydrochloride for injection/hepatic delivery system) for Melphalan/HDS.Announced the treatment of the final patient in the FOCUS trial; to date, 91 patients have been treated with a total of 356 treatments.Confirmed the expected announcement of topline data in early 2021 and updated...

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ascena retail group Announces Justice Brand Holdings Wins Auction to Acquire Justice Intellectual Property

MAHWAH, N.J., Nov. 11, 2020 (GLOBE NEWSWIRE) — ascena retail group, inc. (OTCMKTS: ASNAQ) and certain of its subsidiaries (collectively, “ascena” or the “Company”) today announced that, following a comprehensive sale process and a competitive auction conducted under Section 363 of the U.S. Bankruptcy Code, Justice Brand Holdings LLC, an entity formed by Bluestar Alliance LLC (a leading brand management company), will acquire the intellectual property of ascena’s Justice brand, certain other Justice brand assets and assume certain liabilities for total consideration of approximately $90 million.Gary Muto, Chief Executive Officer of ascena, commented, “The conclusion of the sale process for our Justice brand is a significant step forward in our efforts to complete our restructuring process and maximize value for all our stakeholders.”Mr....

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Stryker completes acquisition of Wright Medical

Kalamazoo, Michigan, Nov. 11, 2020 (GLOBE NEWSWIRE) — Stryker (NYSE: SYK) announced today that it has completed the previously announced acquisition of Wright Medical Group N.V. (NASDAQ: WMGI), a global medical device company focused on extremities and biologics.“This acquisition enhances our global market position in trauma and extremities, providing significant opportunities to advance innovation and reach more patients,” said Kevin Lobo, Chairman and Chief Executive Officer, Stryker. “We welcome the Wright Medical team to Stryker and look forward to growing the combined business by delivering solutions that improve patient outcomes.”Wright Medical brings a highly complementary product portfolio and customer base to Stryker’s trauma and extremities business. The company is a recognized leader in the upper extremities (shoulder,...

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Emerita Resources Announces OTC Ticker Symbol and Clearance From FINRA

TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) — Emerita Resources Corp. (TSX-V: EMO) (the “Company” or “Emerita”) is pleased to announce that its submission of the Form 211 to FINRA has been cleared and the Company’s shares now qualify for trading in the United States on the OTC Pink Market under the symbol “EMOTF”. Emerita has applied for DTC eligibility by the Depository Trust Company (“DTC”) for its shares traded on the OTC Pink Market and it expects to receive DTC’s approval in the coming weeks.“This is an exciting step forward for Emerita and its US based investors. We hope to receive DTC eligibility soon which will be the final step in ensuring that US based investors can more easily participate in our rapidly growing company,” commented David Gower, Emerita’s CEO.The DTC is a subsidiary of the Depository...

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FTI Consulting’s William Perlstein Receives American College of Bankruptcy’s 2020 Distinguished Service Award

WASHINGTON, Nov. 11, 2020 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced that William Perlstein, a Senior Managing Director and Vice Chair, Client Services, was awarded the American College of Bankruptcy’s 2020 Distinguished Service Award, the highest honor bestowed by the College.The American College of Bankruptcy honors individuals with its Distinguished Service Award for significant accomplishments in improving the administration of justice in the insolvency and bankruptcy field and accomplishments arising from voluntary activities. Past recipients include leading practitioners, judges, and academics in the insolvency field.Commenting on the recognition, Steven H. Gunby, President and Chief Executive Officer of FTI Consulting, said, “Bill is a superb professional and leader, with a deep commitment to client...

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