Day: February 16, 2022

PRESS RELASE _ NEXANS: S&P GLOBAL RATINGS UPGRADES NEXANS TO BB+Nexans solid results, successful transformation and sound balance sheet support rating upgrade to BB+ New record low Net Debt at 74 million euros Outstanding Free Cash Flow of 179 million eurosParis, February 16, 2022 – Today, Nexans is proud to announce that S&P upgraded Nexans’ rating to BB+ from previously BB. In 2021, the Group exceeded expectations, notably reaching 179 million euros free cash flow and a new record low net debt at 74 million euros, supported by strict working capital management and cash generation mindset. Nexans’ rating raised to BB+ on the Group’s long-term issuer credit and senior unsecured notes. Outlook remains stable. Commenting on the news, Jean-Christophe Juillard, Nexans’ Chief Financial Officer, said: “S&Ps rating upgrade...

On a two-year comparable sales growth basis**, Q4 comparable sales excluding gas increased 16.0% in the U.S. and 11.6% in Europe, accelerating versus Q3 in both segments Q4 Group net sales were €20.1 billion, up 0.1% at constant exchange rates compared to Q4 of 2020, which contained a 53rd week. Excluding last year’s 53rd week, Q4 net sales grew by 6.7% at constant rates. Full year 2021 Group net sales of €75.6 billion were up 3.3% over 2020 at constant exchange rates, and up 5.0% on a comparable 52-week basis In Q4, net consumer online sales grew 13.2% at constant exchange rates. 2021 net consumer online sales grew 38.2% at constant exchange rates In 2021, we invested €364 million in COVID-19 care, including a commitment of €20 million in additional charitable donations spread evenly between the U.S. and Europe. In total, our brands...

Highlights in 2021Order intake grew 5% organically Revenue of DKK 17.6bn driven by 8% organic revenue growth EBITA increased by 34% and corresponding EBITA margin increased to 5.9%  Strong cash flow from operating activities of DKK 1.4bn Mikko Keto announced Group CEO as of 1 January 2022 Announced the acquisition of thyssenkrupp’s Mining business1 Science Based Targets validatedOrder intake grew 5% organically in 2021, as a result of an easing pandemic impact and improved site access compared to 2020. Including currency effects, order intake increased by 4% to DKK 19,233m. Mining and Cement contributed equally to the order intake growth. Service order intake increased by 14%, whereas capital orders decreased by 7%. FLSmidth Group CEO, Mikko Keto, commented: “FLSmidth delivered a solid performance in 2021. Despite the challenges...

SAMPO PLC                 STOCK EXCHANGE RELEASE         16/02/2022 at 08:30 am Sampo plc’s share buybacks 15/02/2022 On 15/02/2022 Sampo plc (business code 0142213-3, LEI 743700UF3RL386WIDA22) has acquired its own A shares (ISIN code FI0009003305) as follows:                Sampo plc’s share buybacks Aggregated daily volume (in number of shares) Daily weighted average price of the purchased shares* Market (MIC Code)  19,325 44.70 AQEU  24,268 44.72 CEUX  2,323 44.73 TQEX  82,851 44.73 XHELTOTAL 128,767 44.73  *rounded to two decimals                 On 1 October 2021, Sampo announced a share buyback programme of up to a maximum of EUR 750 million in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR) and the Commission Delegated Regulation (EU) 2016/1052. The programme, which started on 4 October 2021,...

         February 16, 2021 – Hamilton, Bermuda Fourth Quarter 2021 Result Presentation Please find enclosed the presentation of Flex LNG Ltd.’s fourth quarter 2021 results which will be presented in a webcast and conference call at 15:00 CET (9:00 a.m. EST) today, Wednesday February 16, 2022. The presentation is also available on our website https://www.flexlng.com/category/presentations/   Attend by Webcast:Use to the follow link prior to the webcast: https://edge.media-server.com/mmc/p/42dfa2a2 Attend by Conference Call: Applicable dial-in telephone numbers are as follows: Norway: +47 21 56 30 15United Kingdom: +44 (0) 2071 928 338United Kingdom, local: 08444 819 752United States: +1 646 741 3167United States (toll free): +1 877 870 9135 Confirmation Code:   3025688 The presentation material which will be used in the teleconference/webcast...

Amsterdam, 16 February 2022 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) announces:    Key Highlights         The net result of Heineken Holding N.V.’s participating interest in Heineken N.V. for 2021 amounts to €1.663 million Net revenue (beia) organic growth 12.2%; per hectolitre 8.3% Consolidated beer volume 4.6% organic growth Heineken® volume growth 17.4%, well ahead of 2019 Gross savings close to €1.3 billion, on-track to deliver €2 billion by 2023 Operating profit (beia) organic growth 43.8%, margin 15.6% (+331 bps) Net profit (beia) €2,041 million, 80.2% organic growth Diluted EPS (beia) €3.54 (2020: €2.00)    Financial Summary1         IFRS Measures € million Total growth   BEIA Measures € million Organic growth2Revenue         26,583...

February 16, 2022 – Hamilton, BermudaFlex LNG Ltd. (“Flex LNG” or the “Company”) today announced its unaudited financial results for the fourth quarter and year ended December 31, 2021. Highlights:All time high revenues of $114.6 million for the fourth quarter 2021, compared to $81.8 million for the third quarter 2021. All time high net income of $69.4 million and basic earnings per share of $1.31 for the fourth quarter 2021, compared to net income of $32.8 million and basic earnings per share of $0.62 for the third quarter 2021. Average Time Charter Equivalent1 (“TCE”) rate of $95,908 per day for the fourth quarter 2021, compared to $68,341 per day for the third quarter 2021. All time high adjusted EBITDA1 of $95.5 million for the fourth quarter 2021, compared to $64.5 million for the third quarter 2021. All...