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Month: May 2022

Park Hotels & Resorts Inc. Reports First Quarter 2022 Results

TYSONS, Va., May 02, 2022 (GLOBE NEWSWIRE) — Park Hotels & Resorts Inc. (“Park” or the “Company”) (NYSE: PK) today announced results for the first quarter ended March 31, 2022 and provided an operational update. First quarter financial highlights include:RevPAR was $116.42, an increase of $75.10, or 181.7%, on a pro-forma basis from the same period in 2021 and a decrease of 32.8% on a pro-forma basis from the same period in 2019; Occupancy for Park’s 46 consolidated hotels open during the first quarter was 54.4%; Net loss and net loss attributable to stockholders were $(56) million and $(57) million, respectively, which represent an improvement of 70.7% and 70.0%, respectively, compared to the same period in 2021; Adjusted EBITDA was $82 million, an increase of 1.8%, compared to the fourth quarter of 2021; Hotel Adjusted...

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Turnover of Apranga Group in April 2022

Retail turnover (including VAT) of Apranga Group amounted to EUR 22.6 million in April 2022 and increased by 81.3% comparing to April 2021. Due to epidemic coronavirus (COVID-19) infection, from 16 December 2020, all the Group’s stores in Lithuania were temporarily closed (stores with a separate entrance from the outside and sales area not exceeding 300 square meters were open from 15 February 2021, stores with a separate entrance from the outside and a sales area exceeding 300 square meters were open from 15 March 2021). All Group’s stores have been reopened in Lithuania from 19 April 2021, however, stores operating in shopping malls were not allowed to work on weekends, unless they had separate entrance from outside. In Latvia, stores were temporarily closed from 19 December 2020, and in Estonia – from 11 March 2021. These temporary...

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SEB Reports Q1/2022 Results

8 Consecutive Quarters of Positive Adjusted EBITDA;Conference Call Tuesday May 3 at 4:00 P.M.Q1/2022 revenue increased by 11.7% vs Q1/2021, with revenues at $16.0 million Posted 8th consecutive quarter of positive adjusted EBITDA Trailing Twelve Months (“TTM”) revenue increased by $5.0 million (8.6%) and TTM gross profit increased by $1.4 million (6.6%) Over 90% of targeted 2022 revenues are currently under contract Future revenue and EBITDA are expected to experience significant growth, driven by the Company’s strong business pipelineCONFERENCE CALL DETAILS:Management will host a call:Date/Time: Tuesday May 3, at 4:00 PM ETCanada & USA Toll Free Dial In: 1-800-319-4610Toronto Toll Dial In: 1-416-915-3239Callers should dial in 5-10 minutes prior to the scheduled start time and simply ask to join the call. Webcast Link access at...

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Intelligent Transportation System Market Size to Hit USD 42.80 Billion by 2028 | Industry Trends, Share, Value, And Growth Forecast Analysis

According to Fortune Business Insights, the global Intelligent Transportation System market size is projected to grow from USD 22.91 billion in 2021 to USD 42.80 billion in 2028, at CAGR of 9.34% during forecast period; Increasing government initiatives to foster growth.Intelligent Transportation System (ITS) Market Intelligent Transportation System (ITS) MarketPune, India, May 02, 2022 (GLOBE NEWSWIRE) — The global intelligent transportation system (ITS) market size is slated to hit USD 42.80 billion by 2028, expanding at a CAGR of 9.34% during the forecast period. The market valuation amounted to USD 21.82 billion in 2020 and reached USD 22.91 billion in 2021. The market growth is influenced by increasing government initiatives for smart city development. Fortune Business Insights offers this information in a report, titled...

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Leonovus launches Torozo, an Ultra-Secure File Sharing, File Transfer and Cloud Storage Solution

Torozo is low cost, simple to use and ultra-secure OTTAWA, May 02, 2022 (GLOBE NEWSWIRE) — Leonovus Inc. (“Leonovus”) (TSXV: LTV) today launched its wholly-owned Torozo, a software as a service that meets the massive growing need for an all-in-one, simple-to-use, low-cost and hyper-secure file sharing, file transfer and cloud storage application. Test-drive Torozo for free. The security of private personal information is paramount in today’s digital world. Individuals need Torozo, a hyper-secure, digital safety deposit box with secure sharing and work-from-home capabilities for legal documents, medical information, created content, hard and soft crypto wallets, NFT storage backup and secure messaging. The need for enterprise data protection is also paramount. Torozo has unique Bring-Your-Own capabilities that provide...

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Changes in Marimekko’s management

  Marimekko Corporation, Stock Exchange Release, 2 May 2022 at noon Changes in Marimekko’s management Chief Sales Officer and member of the Marimekko Management Group Dan Trapp will resign from his role due to personal reasons in order to start up his own consultancy within sporting industry, based in Bordeaux, France. His last day at Marimekko will be 2 August 2022. The search for Dan Trapp’s successor has started. During Dan Trapp’s time with Marimekko, the company has taken important steps in its internationalization, which positions Marimekko well to accelerate its profitable international growth in the coming years. MARIMEKKO CORPORATION Corporate Communications Asta Halme Tel. +358 9 7587 233 asta.halme@marimekko.com DISTRIBUTION: Nasdaq Helsinki Ltd Key media Marimekko is a Finnish lifestyle design company renowned for its original...

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Fortuna to release first quarter 2022 financial results on May 11, 2022; Conference call at 12 p.m. Eastern time on May 12, 2022

VANCOUVER, British Columbia, May 02, 2022 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter of 2022 on Wednesday, May 11, 2022 after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, May 12, 2022 at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesar Velasco, Chief Operating Officer – Latin America and Paul Criddle, Chief Operating Officer – West Africa. Shareholders, analysts, media and interested investors are invited to listen to the live conference call by logging onto the webcast or over the phone by dialing in just prior to the starting...

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Folding Bicycle Market Size to Hit USD 1.61 Billion by 2028 | Industry Trends, Growth, Share and Forecast Analysis

According to Fortune Business Insights, the global folding bicycle market size is projected to grow from USD 0.82 billion in 2021 to USD 1.61 billion by 2028, at CAGR of 10% during forecast period; High portability and increasing urbanization to stimulate market growth.Folding Bicycle Market Trends Folding Bicycle Market TrendsPune, India, May 02, 2022 (GLOBE NEWSWIRE) — The global folding bicycle market size is projected to hit USD 1.61 billion by 2028 and exhibit a CAGR of 10% during the forecast period. Factors such as high portability, growing urbanization, and the development of lightweight product offerings are estimated to amplify the market growth in the coming years. Fortune Business Insights has presented this information in its report titled, “Folding Bicycle Market, 2021-2028”. The market size stood at USD 1.06...

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Resolutions of the Annual General Meeting of Shareholders of AS Ekspress Grupp held on 2 May 2022

On 2 May 2022, the Annual General Meeting of the Shareholders of AS Ekspress Grupp was held in Tallinn, Narva road 13.   Out of 30 304 713 votes with voting rights, 25 497 832 votes were represented at the Meeting, i.e. 84.14% of the votes. The General Meeting of the Shareholders of AS Ekspress Grupp adopted the following resolutions. 1. The approval of the 2021 annual report of AS Ekspress Grupp To approve the 2021 annual report of AS Ekspress Grupp for the financial year from 1st of January 2021 to 31st of December 2021. 2. The approval of the proposal for distribution of profits To approve the Profit Distribution Proposal for 2021. To distribute total EUR 2.24 million as follows:to increase statutory reserve by EUR 0.11 million; to pay dividends 8 (eight) euro cents per share in total amount of EUR 2.42 million, of which EUR 2.13...

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Availability of preliminary documents – Combined General Shareholders’ meeting of May 19, 2022

Press ReleaseVELIZY-VILLACOUBLAY, France — May 2, 2022 COMBINED GENERAL SHAREHOLDERS’ MEETING OF MAY 19, 2022 Availability of preliminary documents Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) informs its shareholders that its Combined Shareholders’ Meeting will be held on Thursday, May 19, 2022 at 3:00 pm at Dassault Systèmes’ headquarters, 10 rue Marcel Dassault – 78140 Vélizy-Villacoublay. The preliminary notification stating the agenda and the draft resolutions was published in the Bulletin des Annonces Légales Obligatoires (BALO) on April 11, 2022, and is available on Dassault Systèmes’ website at the following address: https://investor.3ds.com/shareholders-meeting/home. The convening notice stating the agenda is published on May 2, 2021 in the BALO and will be made available at the foregoing address. Documents and information...

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