Month: May 2022

COMPANY ANNOUNCEMENT NO. 9-2022 Highlights in Q1 2022Strong order intake driven by both Mining and Cement Strong revenue growth driven by a high order backlog Group EBITA increased by 59% Negative cash flow, as expected, due to increase in net working capital Regulatory clearances received for the thyssenkrupp Mining business acquisition in several important mining marketsGroup order intake increased 35% organically, driven by both Mining and Cement. Capital orders increased by 59% and service orders increased 26%. Mining order intake increased 38% organically, including four large product orders with a combined value of around DKK 1.4bn. Cement order intake increased 28% organically. FLSmidth Group CEO, Mikko Keto, commented: “The first quarter of 2022 saw a strong momentum in order intake driven by both Mining and Cement....

 To Nasdaq Copenhagen A/Sand the press5 May 2022Nykredit today raises its profit guidance and announces Q1 Interim Report 2022 of: Nykredit A/S, CVR no 12 71 92 48Nykredit Realkredit A/S, CVR no 12 71 92 80Nykredit Bank A/S CVR-nr. 10 51 96 08 Michael Rasmussen, Group Chief Executive, comments on Nykredit’s Q1 Interim Report 2022: – Our Q1 results presented today are highly satisfactory with profit before tax and business profit of DKK 2,902 million and DKK 2,573 million, respectively. At the same time, our 2022 guidance for business profit and profit before tax is raised to DKK 8.5-9.5 billion from the former DKK 7.5-8.5 billion. For Nykredit Bank, 2022 guidance for profit before tax is also raised to DKK 2.8-3.3 billion from the former DKK 2.4-2.9 billion. – Nykredit maintained strong momentum across all...

 To Nasdaq Copenhagen A/Sand the press5 May 2022Nykredit today raises its profit guidance and announces Q1 Interim Report 2022 of: Nykredit A/S, CVR no 12 71 92 48Nykredit Realkredit A/S, CVR no 12 71 92 80Nykredit Bank A/S CVR-nr. 10 51 96 08 Michael Rasmussen, Group Chief Executive, comments on Nykredit’s Q1 Interim Report 2022: – Our Q1 results presented today are highly satisfactory with profit before tax and business profit of DKK 2,902 million and DKK 2,573 million, respectively. At the same time, our 2022 guidance for business profit and profit before tax is raised to DKK 8.5-9.5 billion from the former DKK 7.5-8.5 billion. For Nykredit Bank, 2022 guidance for profit before tax is also raised to DKK 2.8-3.3 billion from the former DKK 2.4-2.9 billion. – Nykredit maintained strong momentum across all...

Stellantis Reports 12% Increase in Q1 2022 Net Revenues Full-Year Guidance ConfirmedNet revenues of €41.5 billion, up 12% compared to €37.0 billion for Q1 2021 Pro Forma(1) reflecting strong pricing and vehicle mix, as well as favorable FX translation effects Consolidated shipments(2) of 1,374 thousand units, down 12% primarily due to impact of unfilled semiconductor orders Total new vehicle inventory of 807 thousand units at March 31, 2022, broadly in line with December 31, 2021; Company inventory of 179 thousand units Ordinary dividend of €1.04 per share approved at AGM and paid to shareholders in April 2022All comparisons are to Q1 2021 Pro Forma(1) “Q1 Net revenues were up 12% thanks to strong net pricing, favorable vehicle mix and positive FX translation effects, while shipments were down 12%. Our full-year guidance for double-digit...

In Q1 2022, Enefit Green group total revenues increased by 58% y-o-y to €66.7m and EBITDA was up by 75% y-o-y at €45.6m. During the quarter, the group earned net profit of €34.9m (€0.13 per share), which is 124% more than in Q1 2021. Aavo Kärmas, Chairman of the management Board of Enefit Green comments: “Continued deficit of green energy prevented energy prices from falling in the first quarter. There is no doubt that in order to achieve a carbon neutrality, we need several times more renewable energy, both in the Baltics and throughout Europe. The most affordable sources of energy are wind and solar farms. We at Enefit Green have made a promise to increase our production capacities by more than twice by building new wind and solar farms in countries from Finland to Poland. In first quarter, we made an investment decision for the construction...

COMMENTARY FROM MANAGEMENT Merko Ehitus sales revenue in the first quarter was EUR 68.4 million and net profit EUR 3.0 million. The sales revenue for the 3 months of 2022 increased by 14% compared to the same period of previous year and net profit decreased by 11%. According to the management of Merko Ehitus, the situation on the construction market continues to be extremely complicated due to global supply chain problems and a rise in the cost of materials. The rapid price rise of construction inputs last year was exacerbated by the war in Ukraine and sanctions imposed on Russia, and a price shock. These are unforeseen circumstances whose impact on performance of construction contracts is yet to become apparent. In today’s situation, mutual cooperation of all counterparties, including the customers, will be very important to resolve challenges...

Sievi Capital PlcStock Exchange Release 5 May 2022 at 8:00 am EEST  Sievi Capital Plc’s Business Review for January–March 2022 The strong growth of KH-Koneet Group continued, unrealised changes in fair values had a negative effect on Sievi Capital’s result This is the summary of the Business Review for January–March 2022. The full Business Review is attached to this release and is also available on the company’s website at www.sievicapital.fi January-March 2022Operating profit was EUR -2.9 (3.7) million Net profit for the period was EUR -2.4 (3.5) million Earnings per share (undiluted and diluted) were EUR -0.04 (0.06) Net asset value per share at the end of the review period was EUR 1.57 (1.39) Return on equity for rolling 12 months was 14.6% (23.2%) Gearing at the end of the review period was 10.3% (-13.2%) KH-Koneet Group made an...

SOLID FIRST QUARTER, CAUTIOUS PROVISIONINGCAG and Crédit Agricole S.A. stated and underlying results Q1-2022             CRÉDIT AGRICOLE GROUP   CRÉDIT AGRICOLE S.A.    Stated   Underlying     Stated   UnderlyingRevenues   €9,680m+7.0% Q1/Q1   €9,601m+5.7% Q1/Q1     €5,938m+8.1% Q1/Q1   €5,929m+7.6% Q1/Q1Costs excl. SRF   -€5,911m+7.4% Q1/Q1   -€5,892m+7.1% Q1/Q1     -€3,518m+10.0% Q1/Q1   -€3,499m+9.6% T1/T1SRF   -€794m+70.1% Q1/Q1   -€794m+21.9% Q1/Q1     -€636m+67.3% Q1/Q1   -€636m+24.7% Q1/Q1GOI   €2,975m-3.3% Q1/Q1   €2,914m-0.5% Q1/Q1 ...

– – GN Store NordIn Q1 2022, GN delivered -6% revenue growth, of which -21% was organic revenue growth, leading to a revenue of DKK 3,859 million, constrained by the challenging global supply chain situation and on an exceptionally high comparison base Adj. EBITA was DKK 264 million and free cash flow excl. M&A was DKK -557 million driven by the decrease in reported earnings Adj. Leverage ended at 5.4x, reflecting the closing of the SteelSeries transaction and the traditional seasonality in cash flow generation Full year guidance confirmed– – GN HearingGN Hearing delivered revenue growth of 8% in Q1 2022, of which organic revenue growth was 2% in a recovering hearing aid market Adj. EBITA margin was 2.0% in the Core business driven by higher freight and input costs, investments in growth opportunities...

Lochem, 5th of May 2022   ForFarmers first quarter 2022 Trading Update Highlights first quarter 20221 :Volume Total Feed2 : down by -7.3%; decline in all countries except Poland  of which compound feed: down by 8.2% Gross profit: up by 9.3%; compared to weak gross profit in first quarter of 2021 Underlying EBITDA: down by 47.2% ; substantially higher prices for raw materials, energy and diesel could not be passed on fully in the chain. Roeland Tjebbes, CFO and ad-interim CEO of ForFarmers: “The first quarter of 2022 was mainly dominated by the shocking invasion of Ukraine by Russia resulting in awful human suffering. The war also impacts the availability of raw materials, a situation which we are continuously monitoring. Up to now we have succeeded in continuing to supply feed to our customers and based on the current insights we...