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Month: April 2022

At CAGR of 3.7%, Jewelry Market to Worth USD 266.53 Billion by 2020-2027 | Jewelry Industry Growing Demand Globally

Companies covered in jewelry market report are Harry Winston, Inc., ( New York, USA), Chopard (Meyrin – Geneva, Switzerland), Pandora Jewelry, LLC. (Oakland, California, USA), Chow Tai Fook Jewellery Company Limited (Central & Western, Hong Kong), Tiffany & Co ( New York, USA), Rajesh Exports Ltd (Bengaluru, Karnataka, India), Cartier International SNC (Paris, France), Signet Jewelers Limited (Hamilton, Bermuda), Chanel (Paris, France), LVMH Moët Hennessy (Paris,France), and other players profiled Pune, India, April 26, 2022 (GLOBE NEWSWIRE) — The global jewelry market size is expected to showcase a considerable growth by reaching USD 266.53 billion, while exhibiting a CAGR of 3.7% between 2020 and 2027. This is attributable to the increasing adoption of technology and the remarkable emergence of digital media platforms...

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Virtual Power Plant Market Size to Hit USD 6.74 Billion by 2028 | Exhibit a CAGR of 32.89%

According to Fortune Business Insights, the global virtual power plant market was valued at USD 0.71 billion in 2020, and is projected to reach USD 6.74 Billion by 2028, growing at CAGR of 32.89% from 2021 to 2028.Virtual Power Plant Market Size Global Virtual Power Plant Market SizePune, India, April 26, 2022 (GLOBE NEWSWIRE) — The global virtual power plant market size is expected to grow from USD 0.88 billion in 2021 to USD 6.47 billion by 2028, exhibiting a CAGR of 32.89% during the forecast period. The market size stood at USD 0.71 billion in 2020. The increasing acceptance of innovative technologies such as cloud platforms and the internet of things (IoT) applications in the power industry will have an excellent impact on the market’s development, states Fortune Business Insights™, in its report titled “Virtual Power...

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Switchgear Market – Technology & Vendor Assessment (Vendor Summary Profiles, Strategies, Capabilities & Product Mapping & Regional Economic Analysis) by MDC Research

Between 2022 and 2030, the global switchgear market is expected to grow at a ~6.4% compound annual growth rate (CAGR) and reach a value of USD 174.9 billion. Pune, April 26, 2022 (GLOBE NEWSWIRE) — The switchgear market has grown due to the electrification of rural areas, increased energy generation, and increased investments. The switchgear market is predicted to rise in response to rising energy demand as a result of rapid urbanization and more awareness among the younger population. Switchgear is employed in commercial, residential, and industrial contexts and at every switching point in the electrical power system. Furthermore, as renewable energy generation grows, switchgear plays a larger role than ever in keeping networks synchronised and reducing the risk of blackouts. Power utilities install switchgear to satisfy current...

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UPM Interim Report Q1 2022: Strong performance supported by tight markets

UPM-Kymmene Corporation        Stock Exchange Release (Interim Report)        26 April 2022 at 09:50 EEST UPM Interim Report Q1 2022:Strong performance supported by tight markets Q1 highlightsSales increased by 12% to EUR 2,507 million (2,234 million in Q1 2021) Comparable EBIT was in line with last year at EUR 277 million, 11.0% of sales (279 million, 12.5%) Operating cash flow was EUR 12 million (217 million) Net debt increased to EUR 837 million (83 million) and net debt to EBITDA ratio was 0.46 (0.06) Sales prices increased in all business areas and more than offset the negative impact of higher variable costs The strike in Finland affected production and delivery volumes especially in the pulp, paper and biofuels businesses Cash funds and unused committed credit facilities totalled EUR 2.9 billion at the end of Q1 2022 Transformative...

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Talenom Plc’s Business Review January–March 2022: Strong growth continued with excellent profitability

Talenom Plc, stock exchange release on 26 April 2022 at 9:00 EEST TALENOM PLC’S BUSINESS REVIEW JANUARY–MARCH 2022: STRONG GROWTH CONTINUED WITH EXCELLENT PROFITABILITY JANUARY–MARCH 2022 IN BRIEF:Net sales EUR 25.2 million (20.3), growth 24.1% (17.0) EBITDA EUR 8.9 million (7.2), 35.2% (35.4) of net sales Operating profit (EBIT) EUR 4.9 million (4.4), 19.3% (21.7) of net sales Net profit EUR 3.7 million (3.3) Earnings per share EUR 0.09 (0.08)KEY FIGURESGroup 1–3/2022 1–3/2021 Change, %Net sales, EUR 1,000 25,209 20,307 24.1%Net sales, increase % 24.1% 17.0%  EBITDA, EUR 1,000 8,864 7,196 23.2%EBITDA of net sales, % 35.2% 35.4%  Operating profit (EBIT), EUR 1,000 4,861 4,412 10.2%Operating profit (EBIT), as % of net sales 19.3% 21.7%  Return on investment (ROI), % (rolling 12 months) 16.8% 19.9%  Interest-bearing...

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Bank of Åland Plc: Interim Report for the period January – March 2022

  Bank of Åland PlcInterim ReportApril 26, 2022 9.00 am Interim Report for the period January – March 2022 “The quarter included major macroeconomic events, with rising interest rates and bond yields as well as falling stock markets due to mounting inflation and Russia’s invasion of Ukraine. “One major change for the Bank of Åland was the divestment of most of our Swedish mortgage loan portfolio (SEK 10.4 billion) to the mortgage company Borgo, in which the Bank of Åland is one of the main shareholders. As communicated earlier, this divestment provided a nonrecurring income of EUR 9.8 M. The diminished loan portfolio lowers our net interest income but will generate income from distribution and management of Borgo’s mortgage loans. “Despite market volatility during the quarter, we saw a continued net inflow to our investment services...

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Innofactor Plc’s Interim Report for January 1–March 31, 2022 (IFRS)

Innofactor Plc Interim Report April 26, 2022, at 9:00 Finnish time The absences due to sickness arising from the COVID-19 pandemic made the first quarter challenging – with the net sales and operative operating margin slightly smaller than the previous year January–March 2022 in brief:Net sales were approximately EUR 17.0 million (2021: 17.8), representing a decrease of 4.7%The net sales of 2021 include the net sales of the sold Prime business (EUR 0.6 million), without which the comparable change would have represented a decrease of 1.5%Operating margin was approximately EUR 2.0 million (2021: 4.7), representing a decrease of 56.2%The operating margin of 2021 includes a sales gain of approximately EUR 2.6 million from the sale of the Prime business, without which the comparable change of the operating margin would have represented...

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