Day: May 6, 2021

Hexagon Ragasco, a Hexagon Composites company, received its first order in 2021 from a long-term customer in South Asia. The total estimated value of the order is USD 3.8 million (approx. NOK 32 million). Driving energy transformation The use of LPG for cooking produces practically no particulates. Its CO2 footprint is 20% lower than that of heating oil and 50% lower than coal. Use of Hexagon Ragasco’s easy-to-handle lightweight, LPG composite cylinders provide a safer and cleaner fuel alternative, while also enabling people to spend less time cooking and gathering fuel, and more time on education and income generation. “This region of the world is facing the tough effects of the pandemic. Continuing our work with key customers in this region to support their local efforts to meet basic domestic cooking needs safely and efficiently is...

Luxembourg, May 6, 2021 – ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results1 for the three-months ended March 31, 2021. 1Q 2021 Key highlights:Health and safety performance: Protecting the health and wellbeing of employees remains the Company’s overarching priority; LTIF rate of 0.78x in 1Q 20212 Significantly improved operating performance in 1Q 2021, reflecting the continued demand recovery which supported a 6.5% sequential increase in steel shipments (to 16.5Mt vs. scope adjusted3 15.5Mt in 4Q 2020), the continued positive evolution of steel spreads, and the benefits of iron ore vertical integration 1Q 2021 operating income of $2.6bn vs. $2.0bn4 in 4Q 2020. EBITDA of $3.2bn...

Lochem, 6 May 2021 ForFarmers first quarter 2021 Trading Update Highlights first quarter 20211:Volume Total Feed2: up (1.8%); due to like-for-like volume growth in clusters Germany/Poland and the United Kingdom and due to the acquisition of De Hoop Mengvoeders in the Netherlands Volume compound feed: up (1.0%); the like-for-like volume growth in cluster Germany/Poland and the acquisition of De Hoop Mengvoeders was larger than the like-for-like volume decline in clusters Netherlands/Belgium and the United Kingdom Gross profit: down (-2.8%); the growth in cluster Netherlands/Belgium could not compensate the unexpected decline in cluster Germany/Poland in combination with the decline in the United Kingdom Underlying EBITDA: down (-12.8%); due to gross profit decline and despite like-for-like cost savings. Results and developments of...

Based on the continued solid business performance and GN’s capital structure policy, and in accordance with the authorization granted to the Board of Directors at the annual general meeting on March 17, 2021, GN intends to buy back shares worth DKK 2,500 million. GN’s new share buyback program of up to a total value of DKK 2,400 million will be initiated today and concluded no later than March 8, 2022. In addition, GN intends to purchase DKK 100 million worth of shares from GN Store Nord Fondet under a bilateral agreement. The purpose of the share buyback program is to reduce the company’s share capital and to cover obligations under the long-term incentive program. At the initiation of the share buyback program, GN holds 8,299,342 treasury shares, corresponding to 6% of the total share capital. The share buyback program is being implemented...

RESULTS AT MARCH 31ST 2021      Press releaseParis, May 6th 2021 SHARP REBOUND IN EARNINGS Revenues up +21% vs. Q1 20 at EUR 6.2bn (+25%*), with a good performance in all the businesses particularly in Global Markets, Financial Services and Financing & Advisory Continued discipline on costs, with underlying operating expenses down -2.2%1(1) vs. Q1 20 despite the increase in the contribution to the Single Resolution Fund and variable charges in conjunction with the increase in revenues, leading to a very strong positive jaws effect Doubling of underlying gross operating income vs. Q1 20 to EUR 2.1bn(1) Underlying Group net income of EUR 1.3bn(1), reported Group net income of EUR 814 million Profitability (ROTE) at 10.1%(1) CONFIRMATION OF THE QUALITY OF THE BALANCE SHEET AND THE GROUP’S FINANCIAL SOLIDITY Low...

ING posts 1Q2021 net result of €1,005 million1Q2021 result before tax of €1,463 million; capital position remains strong at 15.5%• Net interest income up on 4Q2020, supported by the benefit from TLTRO III, which more than offset liability margin pressure.• Robust growth in fee income of 9.1% year-on-year, especially on investment products.• 1Q2021 had a low level of risk costs. Expenses were under control, but included some incidental costs due to restructuring. Lending and customer deposits increase• Net core lending growth of €17.8 billion in 1Q2021 as TLTRO funds were applied to support the economy; net customer deposits grew by €8.1 billion, reflecting ongoing impacts of Covid-19 pandemic and lockdowns.• Primary customer base was stable at 13.8 million in 1Q2021,...

– – GN Store NordGN delivered strong 46% organic revenue growth in Q1 2021 EBITA reached DKK 753 million corresponding to an EBITA margin of 18.3% compared to 10.1% in Q1 2020, reflecting strong execution across the company Free cash flow excl. M&A was DKK -22 million in Q1 2021, reflecting the strong earnings but offset by traditional seasonality leading to leverage of 1.6x by the end of Q1 2021 New share buyback program to be initiated today, with the intention to buy back shares worth DKK 2.5 billion until March 8, 2022 The financial guidance, upgraded on April 14, 2021, is confirmed. Due to the COVID-19 situation, it must be stressed that the basic assumptions behind the guidance remain significantly more uncertain than normal– – GN HearingGN Hearing delivered positive organic revenue growth of 1%...

GENEVA, Switzerland and BOSTON, MA – May 6, 2021 – ObsEva SA (NASDAQ: OBSV) (SIX: OBSN), a biopharmaceutical company developing and commercializing novel therapies to improve women’s reproductive health, today announced the appointment of Clive Bertram as Chief Commercial Officer and member of ObsEva’s Executive Committee, effective May 10, 2021. Wim Souverijns has served as Chief Commercial Officer of ObsEva since November 2018 and will leave the Company on June 30, 2021 to pursue a new opportunity. He will work to ensure a smooth transition with Clive Bertram.  “We are delighted to welcome Clive to the executive team, especially at such an exciting time for the Company,” said Brian O’Callaghan, Chief Executive Officer of ObsEva. “Clive has a demonstrated track record of leadership and I am confident he will play a key role in further...

Highlights:EarthRenew generated a total of $505,097 in revenue, with a 83% gross margin in Q1 2021 Settlement revenue is an estimated $382,928 Fortis Option M payments for January and February 2021 totalled $122,169TORONTO, May 06, 2021 (GLOBE NEWSWIRE) — EarthRenew Inc. (CSE: ERTH; OTCQB: VVIVF; Frankfurt: WIMN) (“EarthRenew ” or the “ Company ”), a Canadian company focused on regenerative agriculture solutions with a secondary revenue source from electricity production, today posted its Q1 2021 revenue generation results from its power production facility in Strathmore, Alberta (the “Strathmore Plant”). The Strathmore Plant can generate up to 4 MW per hour by using low-cost natural gas to run the Rolls Royce turbine. For January to March 2021, EarthRenew generated 1,016.42 MWh of electricity which it sold into the Alberta...

PHOENIX, May 05, 2021 (GLOBE NEWSWIRE) — Global Water Resources, Inc. (NASDAQ: GWRS), (TSX: GWR), a pure-play water resource management company, reported results for the first quarter ended March 31, 2021. All comparisons are to the same year-ago period unless otherwise noted. The company will hold a conference call at 1:00 p.m. Eastern time tomorrow to discuss the results (see dial-in information below.) Q1 2021 Financial HighlightsRevenues increased 12.5% to $9.3 million, driven by organic connection growth, increased consumption, and increased rates. Cash and cash equivalents totaled $18.2 million at March 31, 2021.Declared three monthly cash dividends of $0.02434 per common share, or $0.29208 per share on an annualized basis.Q1 2021 Operational HighlightsTotal active service connections increased 8.5% to 50,162 at...