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Day: May 18, 2022

ABN AMRO reports net profit of EUR 295 million in the first quarter

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

ABN AMRO reports net profit of EUR 295 million in the first quarterNet profit of EUR 295 million; solid performance and loan growth Costs higher due to additional AML provision and regulatory levies; remain fully committed to cost target below EUR 4.7 billion in 2024 Credit quality remains strong; impairments reflect weakened macroeconomic outlook and potential second-order effects of the war in Ukraine Mortgage market share increased to 17%; strong operational capabilities in competitive market Strong capital position; Basel III CET1 ratio of 15.7% (Basel IV around 16%), including a EUR 5 billion RWA add-on for model reviews and redevelopments First share buyback programme of EUR 500 million finalisedIn the first quarter of 2022, net profit was EUR 295 million. Net interest income was EUR 1,310 million, impacted by lower mortgage...

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Bavarian Nordic to Manufacture First Freeze-dried Doses of Smallpox Vaccine upon Exercise of Contract Option by the U.S. Government

Written by Customer Service on . Posted in Public Companies.

USD 119 million option exercised for the manufacturing of freeze-dried JYNNEOS® in 2023 and 2024 This represents the first set of options with a total value of USD 299 million to convert the existing bulk vaccine, previously purchased by BARDA, to approximately 13 million freeze-dried JYNNEOS dosesCOPENHAGEN, Denmark, May 18, 2022 – Bavarian Nordic A/S (OMX: BAVA) announced today that the U.S. Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services, has exercised the first options under the contract to supply a freeze-dried version of JYNNEOS® smallpox vaccine, thus allowing for the first doses of this version to be manufactured and invoiced in 2023 and 2024. The options have a value of USD 119 million...

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Norrlandsfonden supports Copperstone Resources with funds

Written by Customer Service on . Posted in Public Companies.

Kiruna May 18, 2022 Norrlandsfonden will invest further MSEK 5.5 in a convertible debenture in Copperstone Resources AB (“Copperstone” or “the Company”). In accordance with the existing loan agreement in connection with fund raisings, Norrlandsfonden has the right, but not obligation, to invest in Copperstone. The credit facilities are agreed at Stibor 90 + 5 percent annually, with quarterly interest payments. Norrlandsfonden is entitled to convert parts of the, or the entire, amount until April 30, 2027. The conversion prices shall be 1.54 SEK/share, corresponding to a 40 percent premium from the volume weighted average of the recent directed equity issues at approximately 1.1 SEK per share. At full conversion of the debenture, Norrlandsfonden would receive 3,571,428 shares of Copperstone, corresponding to a dilution of 0.3%. “We are...

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TCM Group A/S: Interim report Q1 2022

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

COMPANY ANNOUNCEMENT No. 139/2022 Tvis, 18 May 2022 Interim report Q1 2022 (January 1 – March 31) (All figures in brackets refer to the corresponding period in 2021) 7% underlying revenue growth and solid order intake. Earnings impacted by an unstable supply chain situation in Q1 2022. CEO Torben Paulin:“Reported revenue in Q1 was on par with a strong Q1 last year, where revenue grew organically 13% y-o-y. The reported revenue numbers consist of an underlying like-for-like growth of 7% in our core business excluding revenue from third party products. The low margin revenue from the sale of third party products, mainly white goods, declined, which led to a flat total revenue development. We continue to see encouraging growth rates in revenue outside Denmark, which was up 12% compared to Q1 last year. The revenue growth in Q1 was...

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APG and OMERS Infrastructure to Acquire Groendus

Written by Customer Service on . Posted in Mergers And Acquisitions.

AMSTERDAM, May 18, 2022 (GLOBE NEWSWIRE) —Investment marks first infrastructure investment for OMERS in the Netherlands APG expands further its portfolio in line with its strategy to support innovative solutions for the energy transition on behalf of ABP APG and OMERS, as active investors, plan to support Groendus’ ambitious energy transition growth plans(May 18, 2022) – APG and OMERS Infrastructure have today announced the signing of an agreement to jointly acquire Groendus from NPM Capital. Groendus is an energy transition platform in the Netherlands that was established in 2021 through the merger of six companies in the rooftop solar, metering and energy services spaces. APG’s investment is done on behalf of its pension fund client ABP. APG is the largest pension provider in the Netherlands; OMERS Infrastructure is investing...

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LMP Automotive Holdings, Inc. Provides a Corporate Update and Announces Delay of its First Quarter 2022 Financial Results

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

FORT LAUDERDALE, FL, May 17, 2022 (GLOBE NEWSWIRE) — LMP Automotive Holdings, Inc. (NASDAQ: LMPX) (“LMP” or the “Company”), an e-commerce and facilities-based automotive retailer in the United States, today provided a corporate update and announced a delay of its first quarter 2022 financial results for the period ended March 31, 2022. Delay of its First Quarter 2022 Financial Results As LMP continues its evaluation of (i) the proper identification and elimination of intercompany transactions, (ii) estimates of chargeback reserves for finance and insurance products and (iii) various financial presentation matters related to the Company’s business, in each case, in the context of its ongoing preparation of its Annual Report on Form 10-K for the year ended December 31, 2021, LMP will be unable to timely report its financial results...

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