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Day: February 16, 2022

FY 2021 results: Sustained sales growth, in particular in the fourth quarter Profitability negatively impacted by inflation – Continued increases in sale prices

FY 2021 results: Sustained sales growth, in particular in the fourth quarter Profitability negatively impacted by inflation – Continued increases in sale prices FY 2021 results:Sustained activity in Q4: revenue up strongly, by +16.5% as compared with Q4 2020, including +6.3% due to increased sale prices In 2021, net sales up by +6.0% over the fiscal year (+6.4% at constant exchange rates and scope of consolidation) Adjusted EBITDA of €229 million in 2021, or 8.2% of sales Unprecedented increases in purchasing costs: €178 million as compared with 2020, in line with the estimates given in Q3, of which €93 million offset by increases in sale prices Continued structural cost reductions: €65 million in savings in 2021, bringing the total cost reduction to €143 million in three years, surpassing the initial objective of €120 million over the...

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VINCI Autoroutes and VINCI Airports traffic in January 2022

Nanterre, 16 February 2022 VINCI Autoroutes and VINCI Airports traffic in January 2022 I-      Change in VINCI Autoroutes’ intercity networks traffic  January  % change 2022/2021 % change 2022/2019VINCI Autoroutes +13.1% +2.5%Light vehicles +14.8% +2.8%Heavy vehicles +5.7% +1.2%Following the good trend seen in recent months, the traffic for VINCI Autoroutes continued to grow in January. II-      Change in VINCI Airport passenger traffic1  January  % change 2022/2021 % change 2022/2019VINCI Airports x2.3 -51%Portugal (ANA) x2.8 -39%United-Kingdom x8.7 -70%Japan (Kansai Airports) x2.2 -69%Chile (Nuevo Pudahuel) x2.3 -34%France x2.0 -54%Cambodia (Cambodia Airports) x2.0 -95%United States of America x2.7 -22%Brazil2 +23% -9%Serbia x2.4 -31%Dominican Republic (Aerodom) +68% -8%Sweden +52% -75%Costa...

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Aéroports de Paris SA – Groupe ADP’s activities driven by a gradual recovery in traffic in 2021, the continuation of financial discipline and the development of our international concessions

FINANCIAL RELEASE16 February 2022 Aéroports de Paris SAGroupe ADP’s activities driven by a gradual recovery in traffic in 2021, the continuation of financial discipline and the development of our international concessions Groupe ADP 2021 full-year results1Groupe ADP traffic2 : up by +37.2%3, at 160 million passengers over 2021 compared to 2020, in line with the Group’s forecasts4. It was standing at 45.6% of the 2019 group traffic level; Paris Aéroport traffic (Paris-Charles de Gaulle and Paris-Orly): up by +26.8%, at 41.9 million passengers over 2021 compared to 2020, in line with the Group’s forecasts. It was standing at 38.8% of the 2019 group traffic level; Consolidated revenue: up by +27,9%, at 2 777 million euros over 2021 compared to 2020, mainly due to the impact of the traffic recovery on the revenue in Paris...

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Klépierre: 2021 FULL-YEAR EARNINGS

PRESS RELEASE 2021 FULL-YEAR EARNINGS Paris — February 16, 2022 Klépierre, the European leader in shopping malls, today reported its 2021 full-year earnings(1). The main highlights include:2021 net current cash flow of €2.18 per share, (up 10.6% versus 2020), and 9% higher than guided in October 2021 Strong recovery in retailer sales(2) since reopening, almost equaling pre-pandemic levels (95%(3) of 2019 levels), up 10% year on year Like-for-like Net Rental Income up 6.9% compared to 2020 Occupancy up 50 basis points over 6 months to 94.7% due to a strong leasing activity on a par with pre-Covid levels in absolute terms delivering a 0.9% reversion Full-year 2021 collection rate to reach at least 87%, and at least 93.5% from July to December(4) Shopping centers portfolio valuation up 0.6% on a like-for-like basis over 6 months Disposal...

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Offshore Inspection, Repair, and Maintenance Market to Exhibit a CAGR of 9.4% Between 2021-2028; DeepOcean’s Collaboration with Solstad Offshore to Propel Growth of the Industry: Reports Fortune Business Insights™

Companies Profiled In Offshore Inspection, Repair, and Maintenance Market are Fugro (Netherlands), Bluestream (Netherlands), James Fisher Offshore (U.K.), Boskalis (Netherlands), Starke Marine (Malaysia), Sapura Energy Berhad (Malaysia), Petrofac (U.K.), Technip FMC (U.K.), Oceaneering (U.S.), Schlumberger (U.S.), Baker Hughes (U.S.), Aker Solutions (Norway) Pune, India, Feb. 16, 2022 (GLOBE NEWSWIRE) — The global offshore inspection, repair, and maintenance market size is anticipated to grow from USD 9.64 billion in 2021 and reach 18.04 billion by 2028 and exhibit a stellar CAGR of 9.4% during the forecast period. The rising focus on advanced unmanned aerial vehicles (UAVs) for offshore operations and the surging demand for energy are projected to bolster the market’s growth. Fortune Business Insights™ has presented this information...

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Flex LNG – Key information relating to the dividend to be paid for the fourth quarter 2022

Key information relating to the dividend to be paid by Flex LNG Ltd. for the fourth quarter 2022 Note to shareholders registered in Euronext VPS, the Norwegian Central Security Depository: Due to implementation of the Central Securities Depository Regulation (CSDR) in Norway, we have been informed that payment date to shares registered in Euronext VPS will change from previous quarters as informed below.Dividend amount: $0.75 Declared currency: USD. Dividends payable to shares registered with Euronext VPS will be distributed in NOK. Last day including right: 28 February, 2022 Ex-date: 1 March, 2022 Record date: 2 March, 2022 Payment date: On or about 15 March, 2022. Due to the implementation of CSDR in Norway, dividends payable to shares registered with Euronext VPS will be distributed on or about 18 March, 2022. Date of approval: 16...

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Cash Culture Pulse 2022, the detrimental impact of spreadsheets on business team’s effectiveness

New global survey finds businesses using spreadsheets for cash management twice as likely to have high number of overdue invoices42% of businesses still reliant on spreadsheets reported a high ratio of late payments This figure almost halved to 22% for those using dedicated software 72% of teams that only use spreadsheets to manage payment delays are unsatisfied 79% of respondents say that Artificial Intelligence and automation will be a strategic prioritySidetrade, has today revealed the detrimental impact spreadsheets have on business team’s effectiveness, in “Cash Culture Pulse” 2022. Cash Culture Pulse 2022, conducted by Sidetrade, interviewed international firms across the UK, Europe, US, Asia and the Middle East to explore ways to improve efficiencies in the management of unpaid invoices in B2B and the current cash culture trends. Key...

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VAYK Anticipates Increased Visibility From Airbnb Earnings Report And Interest Rate Increases

Dallas, Texas, Feb. 16, 2022 (GLOBE NEWSWIRE) — Vaycaychella, Inc. (OTC Pink: VAYK) plans to soon release the new mobile version of its P2P Short-Term Vacation Rental Alternative Purchase Finance Application.   The App will be integrated with the ability for individuals and SMB operators to launch and list cryptocurrencies where the proceeds from cryptocurrency sales are used to finance the purchase of short-term vacation rental properties and fund other short-term vacation rental business start-up expenses.  VAYK management anticipates Airbnb’s recent earnings report combined with the anticipated interest rate increases to in turn increase the visibility of VAYK’s P2P Short-Term Vacation Rental Alternative Purchase Finance Application.   Airbnb’s exceptionally better than expected revenue and earnings are an indication of the...

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Global pensions soar to record $56 trillion

ARLINGTON, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) — Global institutional pension fund assets in the 22 largest markets (the P22) reached a record $56.6 trillion at the end of 2021, according to the latest figures in the Global Pension Assets Study, conducted by WTW’s Thinking Ahead Institute. This record follows year-over-year growth of 6.9% in P22 assets in 2021, up from $52.9 trillion in the previous year — when global pension assets first surpassed the $50 trillion mark. Continued growth during 2021 means global pension assets almost doubled in the past decade since standing at $29.3 trillion in 2011. “Pensions are becoming better funded in many countries but have also been subject to the growth in value of financial markets,” said Marisa Hall, co-head of the Thinking Ahead Institute. “Looking back on a near-doubling in pension...

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World Insurance Associates Acquires Ciardiello Insurance Agency

Tinton Falls, NJ, Feb. 16, 2022 (GLOBE NEWSWIRE) — World Insurance Associates LLC (“WIA”), a Top 100 Insurance Brokerage, announced today that it acquired Ciardiello Insurance Agency (“CIA”) of Hamden, CT on December 1, 2021. Terms of the transaction were not disclosed. Since 1996, CIA has served the insurance needs of New Haven, Middlesex, Hartford, and Fairfield counties, as well as all of Connecticut. They offer personal insurance—vehicle, property, health and life– and business insurance solutions. “We are happy to join World Insurance, “ says Peter Ciardiello, Principal, CIA. “As members of the communities we service, we will continue our commitment to being our clients’ advocate in times of need.” Richard Ciardiello, Principal, CIA, adds, “As part of World, we will also continue to  help our clients find the perfect...

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