Month: February 2022

MANAGEMENT COMMENTARY 2021 is over and with it also marks the end of Finnish saga. As disclosed, we have sale agreement of 100% shares of Heimon Kala Oy. Even if to consider slight improvement in group operational EBITDA, it was clear that without consolidation it would have been challenging for Heimon Kala Oy to remain an independent company. Multiple management mistakes and constant sale of private label products below cost price, led to decision that selling Heimon Kala Oy is rational decision rather than to keep restructuring and recapitalizing the business. The origin of losses in Finland is the incompetence of Finnish management in 2020 and 2021 to price products and manage cost base. Private label prices offered at the end of 2020 and beginning to 2021 (the pricing cycle in Finland is 6 months forward), didn´t not match raw material...

Press release, Helsinki, 16 February 2022 at 9:30 AM (EET) Nexstim Receives a System Upgrade Order from a Customer in Finland Nexstim Plc (NXTMH:HEX, NXTMS:STO) (“Nexstim” or “Company”) has received an NBS 5 system upgrade order from a customer in Finland. Nexstim’s NBS (Navigated Brain Stimulation) system can be used, for example, in planning neurosurgery or radiation therapy after a patient has had a diagnosis of a brain tumor or other disorder. The NBS system is CE marked for pre-surgical mapping of the speech and motor cortices of the brain. This specific NBS system also includes the software of an NBT® (Navigated Brain Therapy) system, allowing the system to also be used for therapeutic treatments. Mikko Karvinen, CEO of Nexstim, comments: “We are happy to announce this sale to one of our existing customers...

QPR SOFTWARE, STOCK EXCHANGE RELEASE, FEBRUARY 16, 2022 AT 9:30 AMNet sales at the same level as 2020, operating result decreased, but strategically important SaaS business showed clear growth. January – December 2021SaaS business grew by 19%. Net sales amounted to EUR 9,140 thousand (2020: 8,971) and grew by 2%. EBITDA was EUR 241 thousand (248). Operating result (EBIT) was EUR -1,248 thousand (-936). Result before taxes was EUR -1,356 thousand (-952). Result for the period was EUR -1,356 thousand (-812). Earnings per share was EUR -0.113 (-0.068). Operating result was weakened by write-downs worth EUR 373 thousand made in connection with preparing financial statements.October – December 2021SaaS business grew by 28%. Net sales were EUR 2,054 thousand (2020: 2,341) and decreased by 12%. EBITDA was EUR -430 thousand (27). Operating...

Aspo Plc Financial Statement Release               February 16, 2022, at 9:30 am Aspo Group financial statement release, January 1 to December 31, 2021 The highest full-year operating profit in Aspo’s history Figures from the corresponding period in 2020 are presented in brackets. October–December 2021, continuing operationsAspo’s net sales increased by 27% to EUR 160.0 (125.6) million. Operating profit stood at EUR 8.7 (6.7) million. The operating profit rate was 5.4% (5.3%). The Group’s combined operating profit, also including the operating profit of EUR 0.1 million of Kauko, which has been classified as a discontinued operation, was EUR 8.8 (7.6) million. * Earnings per share increased to EUR 0.17 (0.15). The operating profit of ESL Shipping was EUR 9.8 (4.8) million, Telko EUR 4.4 (3.2) million, and Leipurin EUR -3.6 (0.2) million. Net...

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,...