Month: January 2021

Wirtek offentliggør hermed sin nye 5-årige vækststrategi, hvor der forventes en gennemsnitlig årlig vækst på 30%.Wirtek’s langsigtede målsætning er en årlig omsætning på DKK 100 mio. samt en indtjening før skat på DKK 10 mio. inden udgangen af 2025. Wirtek forventer at vokse profitabelt med en årlig EBITDA-margin på minimum 6% i hele strategiperioden.For at nå de økonomiske mål har Wirtek defineret 4 strategiske pejlepunkter:En acceleration af væksten både organisk og via tilkøb.En styrkelse af de internationale salgsaktiviteter i Nordvesteuropa.En skalérbar og langtidsholdbarleveranceorganisation.En fortsat positionering af Wirtek som ”Best-in-class workplace”.Strategien i sin helhed er vedhæftet denne selskabsmeddelelse. Vedhæftet filSM_01.2021_2025_Strategy_26012021_UK

Wirtek announces our new 5-year growth strategy with an expected average annual growth rate of 30%.Wirtek’s long-term goal is an annual revenue of DKK 100 million with pre-tax earnings of DKK 10 million before the end of 2025. Wirtek expects to grow profitably with an annual EBITDA margin of at least 6% during the entire 5-year strategic period.Wirtek has defined four strategic tracks in order to reach the financial goals :Accelerated profitable growth through a combination of organic growth and acquisitions.International sales expansion with focus on select geographical markets in North-Western Europe.Scalable and sustainable sourcing in nearshore locations with right combination of skills, capacity, culture, stability, and cost.A continued positioning of Wirtek as ”Best-in-class workplace”.The detailed description of the strategy is...

Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) has confirmed to the relevant Finance Parties a payment default under its Working Capital Facility Agreement. The Company intends to pursue all available options with a view to ensuring the financial sustainability of the Company and in the meantime will halt all payments of interest and amortization to finance providers.In light of the sustained economic challenges globally, the Company has been in detailed discussions with its bank lenders, (the “Lenders”) to explore financial solutions. During this period, the Lenders consented to the extension of certain financial obligations under the Company’s bank facilities until 25 January 2021 including the obligation to clean down the USD 25 million which had been drawn down from the Group’s Working Capital Facility Agreement (“WCF”)....

The operational earnings, excluding items affecting comparability, for the fourth quarter 2020 are expected to amount to about SEK 575 M, compared with SEK 415 M for the fourth quarter 2019. The profit for the fourth quarter, including restructuring costs of about SEK 110 M, is expected to amount to about SEK 440 M, compared with SEK 370 M for the fourth quarter 2019.The restructuring costs of about SEK 110 M are primarily attributable to Volvo Cars’ termination of Bilia’s dealer agreements and closure of three of totally seven facilities in Germany. The costs related to Volvo Cars’ termination of the dealer agreements constitutes an initial assessment of the costs to carry out a restructuring of the operation. Discussions with Volvo Cars concerning meaning and extent of the terminations are in an initial stage, why it is currently not...

Det operativa rörelseresultatet, exklusive jämförelsestörande poster, för fjärde kvartalet 2020 förväntas uppgå till cirka 575 Mkr, jämfört med 415 Mkr för fjärde kvartalet 2019. Rörelseresultatet för fjärde kvartalet förväntas, inklusive omstruktureringskostnader om cirka 110 Mkr, uppgå till cirka 440 Mkr, jämfört med 370 Mkr för fjärde kvartalet 2019.Omstruktureringskostnaderna om cirka 110 Mkr är framför allt hänförliga till Volvo Cars uppsägning av Bilias återförsäljaravtal samt nedläggning av tre av totalt sju anläggningar i Tyskland. Kostnaderna relaterat till Volvo Cars uppsägning av återförsäljaravtalen utgör en första bedömning av kostnaderna för att genomföra en omstrukturering av verksamheten. Diskussioner som förs med Volvo Cars avseende betydelse och omfattning av uppsägningarna är i ett inledande skede, varför det i nuläget...

 Alstom expands digital mobility signalling and communications expertise with acquisition of B&C Transit26 January 2021 – Alstom progresses further on the execution of its Alstom in Motion strategy and supports its growth ambition for digital mobility with the acquisition of B&C Transit, Inc., a transit engineering design and construction firm specializing in the passenger rail sector. This transaction reinforces Alstom’s position in the North American signalling market by combining the companies’ advanced technology products and engineering capabilities to the benefit of transit agencies and operators across the United States and Canada.The acquisition will support Alstom’s efficient delivery of its innovative signalling solutions by extending its systems engineering and wayside application capabilities. The acquisition will...

 Alstom étend son expertise de la mobilité digitale, de la signalisation et de la communication en acquérant B&C Transit26 janvier 2021 – Alstom avance dans le déploiement de sa stratégie Alstom in Motion et se donne les moyens de ses ambitions de croissance dans la mobilité digitale en faisant l’acquisition de B&C Transit, une entreprise de construction et de conception technique spécialisée dans le transport ferroviaire. Cette opération renforce la position d’Alstom sur le marché de la signalisation nord-américain en mettant la technologie avancée et les capacités techniques des deux entreprises au service des agences et des opérateurs de transport aux États-Unis comme au Canada.L’acquisition permettra à Alstom de livrer avec efficacité ses solutions de signalisation innovantes en étendant ses capacités d’application au sol...

07:15 London, 09:15 Helsinki, 26 January 2021 – Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR)HELSINKI ADMINISTRATIVE COURT DID NOT AMEND THE FIN-FSA DECISIONStock Exchange ReleaseHelsinki Administrative Court issued today its decision concerning Afarak’s appeal related to FIN-FSA’s decision on penalty payment imposed to Afarak.Helsinki Administrative Court did not amend the FIN-FSA decision.On 24 September 2019, Afarak released information that FIN-FSA imposed penalty payment of EUR 1 450 000 to Afarak for failures relating to disclosure of inside information and maintenance of insider lists.The decision of the Helsinki Administrative Court is not yet legally binding. The company has the right to appeal the decision issued on 26 January.2021 to the Supreme Administrative Court within...

07:15 Lontoo, 09:15 Helsinki, 26.1.2021 – Afarak Group Oyj (”Afarak” tai ”Yhtiö) (LSE: AFRK, NASDAQ: AFAGR)HELSINGIN HALLINTO-OIKEUS EI MUUTTANUT FINANSSIVALVONNAN PÄÄTÖSTÄPörssitiedoteHelsingin hallinto-oikeus antoi tänään päätöksen Afarakin tekemästä valituksesta   Finanssivalvonnan Afarakille määräämää seuraamusmaksupäätöstä koskien.Helsingin hallinto-oikeus ei muuttanut Finanssivalvonnan päätöstä.  Afarak julkaisi 24.9.2019 tiedotteen siitä, että Finanssivalvonta määräsi Afarakille 1 450 000 euron seuraamusmaksu sisäpiiritiedon julkistamiseen ja sisäpiiriluettelon pitämiseen liittyvistä laiminlyönneistä.Helsingin hallinto-oikeuden päätös ei ole lainvoimainen. Yhtiöllä on oikeus valittaa 26.1.2021 annetusta päätöksestä korkeimpaan hallinto-oikeuteen 30 päivän kuluessa siitä, kun se on saanut päätöksestä tiedon edellyttäen, että korkein...

Highlights during the second half year of 2020Revenue in the second half year of 2020 was 5,463.9 tDKK which compared to secondhalf 2019 was an increase of 92,9%For the full year Revenue grew 80,6 % in the year 2020 compared to the year 2019.Photocat was granted 2 patent families in the areas dry concrete as well as bitumen.These are important because they protect Photocat and might offer the possibility ofcreating a new business to offer license to companies that lack freedom to operatewithout our rights.Delivered NOxOFF concrete granulates to Colas for projects in the municipality of Frederiksbergand the technology was appreciated with news releases from Colas. Further we deliveredNOxOFF granulates to NCC Road to be used on the new harbour tier in Skagen. Both projectswere delivered without complications and this asphalt product makes...