Month: February 2022

Tower Semiconductor Reports 2021 Fourth Quarter and Full Year Financial Results

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

MIGDAL HAEMEK, Israel, Feb. 17, 2022 (GLOBE NEWSWIRE) — Tower Semiconductor (NASDAQ: TSEM & TASE: TSEM) reports today its results for the fourth quarter and for the year ended December 31, 2021. Fourth Quarter of 2021 Results Overview Revenue for the fourth quarter of 2021 was $412 million, as compared to $345 million and $387 million in the fourth quarter of 2020 and in the third quarter of 2021, respectively, reflecting 19% and 7% of revenue growth, respectively. Organic revenue for the fourth quarter of 2021, defined as total revenue excluding revenues from Nuvoton in the Japanese fabs and from Maxim in the San Antonio fab, grew by 28% year over year. Gross profit for the fourth quarter of 2021 was $100 million, 44% higher than $70 million recorded in the fourth quarter of 2020 and 17% higher than $85 million recorded...

AI Forum is acquired by blockchain AI firm, Euler Digital

Written by Customer Service on February 17, 2022. Posted in Mergers And Acquisitions.

LONDON, Feb. 17, 2022 (GLOBE NEWSWIRE) — Euler Digital has acquired one hundred per cent of the equity of leading independent AI research platform, AI Forum. The deal sees research and blockchain come together in a landmark deal for the AI technology sector. AI Forum is a fast growth, independent AI research company. AI Forum publishes mission critical research for C suite executives and senior staff in verticals including healthcare, finance and manufacturing. The demand for cutting edge AI research is accelerating as firms, big and small, enter the fourth industrial revolution adapting to what the World Economic Forum describes as “a technological revolution that will fundamentally alter the way we live, work, and relate to one another”. Euler Digital is decentralizing Artificial Intelligence, using blockchain technology to deliver...

IGE+XAO: Merger of IGE+XAO into Schneider Electric

Written by Customer Service on February 17, 2022. Posted in Mergers And Acquisitions.

Financial Information Merger of IGE+XAO into Schneider Electric Colomiers and Rueil-Malmaison (France), February 17th, 2022 The boards of directors of Schneider Electric SE (Compartment A, ISIN code FR0000121972) (“Schneider Electric”) and of I.G.E.+X.A.O. SA (Compartment B, ISIN code FR0000030827) (“IGE+XAO”), its subsidiary in which it indirectly owns 83.93% of the capital, held board meetings on 16 February 2022, and approved the terms of the merger of IGE+XAO into Schneider Electric. This merger is in line with the intention to position IGE+XAO as an operational entity of Schneider Electric’s Energy Management Software Division, while at the same time streamlining the costs related to IGE+XAO’s status as a listed company. This transaction marks the final step in the process, which began...

Cnova 2021 Full-year Financial results – Long-term strategy on-track: expansion of marketplace & digital marketing and acceleration of B2B

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

2021 Full Year Financial ResultsLong-term strategy on-track: expansion of marketplace & digital marketing and acceleration of B2BA solid business performance after an exceptional 2020 with strong improvement of all metrics over 2 yearsGMV at €4.2bn growing +8% vs. 2019 (stable vs. 2020) Marketplace GMV at €1.5bn growing +22% vs. 2019 (stable vs. 2020), representing 45.2% GMV share, +6.7 pts vs. 2019 (+1.3 pt vs. 2020) Marketplace revenues at €193m growing +29% vs. 2019 (+5% vs. 2020) Continued expansion of Digital Marketing revenues at €69m nearly doubling vs. 2019 (+32% vs. 2020)High growth of loyal and engaged customer base10m active clients, growing +8% vs. 2019 (-3% vs. 2020) thanks to solid 2020 customer retention NPS reaching 52.9, +8.4 pts vs. 2019 (+5.7 pts vs. 2020) with high & improving customer satisfaction 2.5m...

Unaudited consolidated interim report for Q4 and 12 months of 2021

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

GROUP CEO’S REVIEW Due to the cyclical nature of real estate development, Q4 of 2021 had a predictably low sales volume and the focus was on preparing new projects. Across 12 months, the current team of Arco Vara has raised the bar of ROE to the next level, but the objective of raising it to 20% still needs more work. Out of the developments being built, all 72 homes of Kodulahe have found their owners and final sales will be formalised in Q2 of 2022. We have managed to stay on schedule in terms of both time and budget, meaning that expectations are also high for the next stage of Kodulahe – Rannakalda. Pre-sales of Kodulahe Rannakalda have commenced at the time of publishing this report – over 1,000 people are listed as interested. Commencement of construction works at Rannakalda was somewhat delayed, since it was difficult to find...

Equinor ASA: Buy-back of shares to share programs for employees

Written by Customer Service on February 17, 2022. Posted in Mergers And Acquisitions.

Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programs for employees and management. Date on which the buy-back programme was announced: 9 February 2022. The duration of the buy-back programme: 15 February 2022 to 13 January 2023. Size of the buy-back programme: The total purchase amount under the programme is NOK 1,413,000,000 and the maximum shares to be acquired is 20,800,000 shares, of which up to 10,400,000 shares can be acquired in the period from 15 February 2022 to 13 May 2022, and up to 10,400,000 shares can be acquired in the period from 15 June 2022 to 13 January 2023. On 15 February 2022, Equinor ASA has purchased a total of 428,573 own shares at the Oslo Stock Exchange at an average price of NOK 263.6656...

Stable 2021 ¬– interim goal of SEK 40 billion getting closer

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

Strong demand across the board but deliveries hampered by material and component shortages Sales rose by 13.6% to SEK 30,832 million (SEK 27,146 million) Profit after net financial items amounted to SEK 4,318 million (SEK 3,658 million) Earnings per share amounted to SEK 1.65 (SEK 1.42) Dividend of SEK 0.50/share (SEK 0.3875/share) proposed Acquisition of Heat Trace of the UK, Go Geothermal of the UK, several smaller complementary acquisitions and one minority acquisition“Our summary of 2021 is that we had unusually strong demand in all three business areas thanks to our strong profitability profile, with products that are well aligned with the aim of society to reduce dependence on fossil fuels. Our products have also been a perfect match for the home renovation trend. We are therefore able to look back on another stable year...

Innofactor Plc Financial Statement 2021 (IFRS)

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

Innofactor Plc Financial Statement February 17, 2022, at 9:00 Finnish time Innofactor achieved the highest-ever net sales, EBITDA, and order backlog in 2021 January–December 2021 in brief:Net sales were approximately EUR 66.4 million (2020: 66.2), which shows an increase of 0.3%Excluding the Prime business sold on March 31, 2021, the comparable change would have been growth of 3.5%, which was entirely organic growthThe operating margin was approximately EUR 10.1 million (2020: 7.2), which shows an increase of 41.1%Excluding the Prime business sold on March 31, 2021, the comparable operating margin would have been EUR 7.5 million, which shows an increase of 5.4%Operating profit was EUR 6.5 million (2020: 2.5), which shows an increase of 160.7%Excluding the Prime business sold on March 31, 2021, the comparable operating profit...

Kering 2021 FY Results: EXCELLENT 2021 PERFORMANCES WELL AHEAD OF 2019 LEVELS

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

PRESS RELEASE2021 annual resultsFebruary 17, 2022 EXCELLENT 2021 PERFORMANCES WELL AHEAD OF 2019 LEVELS Sharp growth in Group revenue to €17,645 millionup 35% as reported and on a comparable basisup 13% from 2019 Record recurring operating income, up 60% Net income attributable to the Group: €3,176 millionRecommended ordinary dividend up 50% to €12 per share “Kering realized excellent performances in 2021, further consolidating its prominent position in the Luxury of the future. Thanks to their ability to blend authenticity with bold creativity, all our Houses achieved sharp sales rebound, way beyond their 2019 levels, while reinforcing the exclusivity of their distribution and further enhancing their brand equity. We expanded our team of talented people around the world, and I am sincerely grateful for the remarkable...

Vistin Pharma ASA: Fourth quarter 2021 financial results

Written by Customer Service on February 17, 2022. Posted in Earnings Releases And Operating Results.

Oslo, Norway, 17th of February 2022 Vistin Pharma ASA (Vistin Pharma, OSE: VISTIN) today announces the financial results for the fourth quarter 2021 Revenue in fourth quarter ended at MNOK 78 compared to MNOK 64 in Q4 2020. The revenue increase was driven by higher sales volume (+29%) and sales prices, partly offset by a significant stronger NOK vs EUR compared to last year. Fourth quarter EBITDA ended at MNOK 12.2 (Q4’20: MNOK 13.9) a 13% decrease compared to similar quarter last year. The lower EBITDA in Q4’21 was driven by a stronger NOK vs EUR, increased raw material prices, record high international freight costs, bonus accrual and significantly higher electricity prices in the quarter compared to last year. Currency neutral EBITDA in Q4’21 compared to Q4’20 shows an increase of approx. 15%. The net profit for the group ended at MNOK...

Month: February 2022

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