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Day: August 20, 2021

Maersk Drilling releases H1 2021 interim financial report: Solid operational performance drives upgrade of financial guidance for 2021

Today, the Board of Directors of The Drilling Company of 1972 A/S (“Maersk Drilling”) has adopted the interim financial report for the first half of 2021 (H1 2021): Performance highlights for Q2 2021 (Q1 2021 in brackets)Revenue of USD 350m (USD 264m) Contracted days were 1,520 (1,199) resulting in a utilisation of 80% (61%) Average day rate of USD 230k (USD 220k) Financial uptime of 99.8% (92.9%) Secured contracts with a total contract value of USD 129m (USD 730m) Revenue backlog of USD 1.6bn at 30 June 2021 (USD 1.8bn at 31 March 2021). Forward contract coverage for the remainder of 2021 of 71% and 31% for 2022 Agreement to divest Mærsk Inspirer for a price of USD 373mFinancial performance for H1 2021 (H1 2020 in brackets except otherwise stated)Revenue of USD 614m (USD 584m) EBITDA before special items of USD 163m (USD 168m) Cash...

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BW Energy: Second Quarter and First-Half 2021 Results

SECOND QUARTER AND FIRST-HALF 2021 RESULTS HIGHLIGHTS SECOND QUARTERSafeguarding people, operations and assets amid continued COVID-19 pandemic EBITDA of USD 46.9 million for the second quarter and USD 80.2 million for the first-half 2021 Strong balance sheet with cash position of USD 216.5 million and no debt Drilled and completed DTM-7H on time and below budget, with first oil expected from DTM-6H and DTM-7H in Q4 2021 Drilling operations on Hibiscus North exploration well ongoing On track for the Hibiscus-Ruche development including the jack-up rig re-purposing Q2 2021 gross production of 0.95 million barrels, or equal to ~10,500 bbls/dayEBITDA for the second quarter of 2021 was USD 46.9 million, up from USD 33.2 million in the first quarter of 2021 due to increased oil sales and realised oil price. “We are pleased with our performance...

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AFARAK GROUP: INTERIM REPORT H1 2021

06:00 London, 08:00 Helsinki, 20 August 2021 – Afarak Group Plc (“Afarak” or “the Company”) (LSE: AFRK, NASDAQ: AFAGR) FINANCIAL INTERIM RELEASE H1 2021 Afarak Group has restated its figures for H1 2020 due to the loss of control and the end of the consolidation of Afarak Mogale (Pty) Ltd. Afarak Group reclassified Afarak Mogale (Pty) Ltd’s previously reported income statement figures as discontinued operations. There is no change to the previously reported balance sheet figures.    H1/21 H1/20Restated 2020Revenue EUR million 37.3 35.5 59.8EBITDA EUR million -0.9 -0.3 -4.1EBIT EUR million 0.9 -1.7 -28.2Earnings before taxes EUR million -0.5 -4.1 -32.4Profit from continuing operations EUR million -0.9 -4.6 -27.6Profit from discontinuing operations EUR million 0.0 -11.5 6.1Profit EUR...

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VGP NV: Announces Audio Webcast to Review 1H 2021 Financial Results

20 August 2021, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, announces the details for the audio webcast to review financial results for half-year ended 30 June 2021:Tuesday, 31 August 2021 at 10.30 a.m. (CET) Webcast link:https://event.webcasts.com/starthere.jsp?ei=1490414&tp_key=4b56f881dc Click on the link above to attend the presentation from your laptop, tablet or mobile device. Audio will stream through your selected devicePlease join the event audio webcast 5-10 minutes prior to the start time. The financial results are scheduled to be released at approximately 7:00 a.m. (CET) on the date noted above, and presentation slides will be made available on www.vgpparks.eu/en/investors/publications/ under Financial & Operating Results. CONTACT...

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Electric Axle Drive Systems Market worth USD 14.35 Billion by 2028, registering a CAGR of 13.87% – Report by Market Research Future (MRFR)

New York, Aug. 20, 2021 (GLOBE NEWSWIRE) — Electric Axle Drive Systems Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Electric Axle Drive Systems Market Research Report, System Type, Vehicle Type and Region – Forecast till 2028” the market size is projected to be worth USD 14.35 Billion by 2028, registering a CAGR of 13.87% during the forecast period (2021 – 2028), The market was valued at USD 6.82 billion in 2020. Eminent industry players profiled in the global electric axle drive systems industry report include –Robert Bosch GmbH (Germany) American Axle & Manufacturing Holdings Inc.(U.S.) ZF Friedrichshafen AG (Germany) GKN Plc (U.K.) Magna International Inc. (Canada) Schaeffler Technologies AG & Co. KG (Germany) Continental AG (Germany) Bonfiglioli Riduttori...

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Hybrid Power Solutions Market to rise at CAGR of 9.71% through 2028 – Report by Market Research Future (MRFR)

New York, Aug. 20, 2021 (GLOBE NEWSWIRE) — Hybrid Power Solutions Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Hybrid Power Solutions Market Research Report: Information by Product, by End Use – Forecast to 2028” , the market size is projected to grow approximately at a CAGR of more than 9.71% during the forecast period 2021-2028. Increasing Demand for Hybrid Power Solutions Define Growing Market Landscape The hybrid power solutions market is growing at a rapid pace. Rising demand for renewable energy and increase in hybrid power generation are major trends impacting the market growth. Besides, the rising focus on minimizing fuel consumption and carbon footprints creates substantial market demand. Advances in technologies and the rise in sustainable energy generation accelerate...

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Progenity Announces Pricing of $40 Million Public Offering of Common Stock and Warrants

SAN DIEGO, Aug. 19, 2021 (GLOBE NEWSWIRE) — Progenity, Inc. (“Progenity”) (Nasdaq: PROG), an innovative biotechnology company, today announced the pricing of its previously announced underwritten public offering of 40,000,000 shares of its common stock and warrants to purchase up to 40,000,000 shares of its common stock. Each share of common stock is being sold together with one warrant to purchase one share of common stock at a combined public offering price of $1.00 per share of common stock and accompanying warrant, less underwriting discounts and commissions. The warrants have an exercise price of $1.00 per share, are exercisable immediately, and will expire five years following the date of issuance. Progenity expects to receive gross proceeds from the underwritten public offering of approximately $40 million, before deducting...

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