Month: July 2022

HUHTAMÄKI OYJ HALF-YEARLY REPORT 21.7.2022 AT 8:30 Huhtamäki Oyj’s Half-yearly Report January 1–June 30, 2022: Strong performance continued Q2 2022 in briefNet sales increased 31% to EUR 1, 147 million (EUR 877 million) Adjusted EBIT was EUR 103 million (EUR 80 million); reported EBIT was EUR 97 million (EUR 75 million) Adjusted EPS was EUR 0.63 (EUR 0.53); reported EPS was EUR 0.58 (EUR 0.50) Comparable net sales growth at Group level was 17% and 16% in emerging markets The impact of currency movements on the Group’s net sales was EUR 68 million and EUR 6 million on EBITH1 2022 in briefNet sales increased 31% to EUR 2,197 million (EUR 1,679 million) Adjusted EBIT was EUR 200 million (EUR 157 million); reported EBIT was EUR 190 million (EUR 147 million) Adjusted EPS was EUR 1.26 (EUR 1.02) reported EPS was EUR 1.21 (EUR 0.95) Comparable...

April – June 2022Net sales increased by 80 percent to SEK 6,615m (3,682). Gross profit increased by 123 percent to SEK 1,937m (869). A reassessment of reserves for accrued traffic costs in Messaging affects gross profit negatively by SEK 162m. EBITDA rose by 247 percent to SEK 528m (152). Adjusted EBITDA1 increased by 77 percent to SEK 503m (284). The loss after tax for the quarter was SEK -40m (47). Basic earnings per share were SEK -0.05 (0.07) and diluted earnings per share were SEK -0.05 (0.07). Cash flow from operating activities amounted to SEK 668m (-240).January – June 2022Net sales increased by 87 percent to SEK 13,164m (7,032). Gross profit increased by 139 percent to SEK 4,033m (1,689). A reassessment of reserves for accrued traffic costs in Messaging affects gross profit negatively by SEK 162m.  EBITDA rose by 242 percent...

TRAINERS’ HOUSE GROUP, STOCK EXCHANGE RELEASE, 21 JULY 2022 at 8:30 Trainers’ House holding positions in the beginning of the year. January-June 2022 in briefnet sales EUR 5.5 million (EUR 5.7 million), change of -3.5 % compared to the corresponding period of the previous year operating result EUR 0.7 million (EUR 1.0 million), 13.6 % of net sales (17.7 %) cash flow from operations EUR 0.7 million (EUR 1.2 million) earnings per share* EUR 0.35 (EUR 0.47)April-June 2022 in briefnet sales EUR 2.8 million (EUR 2.9 million), change of -4.2 % compared to the corresponding period of the previous year operating result EUR 0.4 million (EUR 0.5 million), 13.7 % of net sales (15.3 %) cash flow from operations EUR 0.4 million (EUR 0.8 million) earnings per share* EUR 0.18 (EUR 0.21)*In the second quarter, the number of the...

OSLO, Norway (21 July 2022) – TGS today reported interim financial results for Q2 2022. Total revenue amounted to USD 230 million in Q2 2022 versus USD 72 million in Q2 2021. EBITDA was USD 197 million, and the operating result was USD 31 million, compared to USD 50 million and USD -15 million, respectively, in Q2 2021. Percentage-of-completion (PoC) revenue (1) amounted to USD 136 million in Q2 2022, a significant increase from USD 54 million in Q2 2021. Free cash flow (2) amounted to USD 59 million in Q2 2022, compared to USD 13 million in Q2 2021. After dividend payment of USD 16 million, the cash balance totaled USD 255 million on 30 June 2022 versus USD 223 million a year earlier. The solid financial position allows TGS to maintain the quarterly dividend at USD 0.14 (NOK 1.39) per share in Q2 2022, as well as providing flexibility...

Improving Financial Position in a Recovering Market Takeaways Q2 2022Revenues and Other Income of $273.6 million, compared to $185.9 million in Q2 2021 EBITDA of $193.3 million, compared to $118.5 million in Q2 2021 EBIT (ex. impairments and other charges) of $57.8 million, compared to a loss of $7.6 million in Q2 2021 Cash flow from operations of $43.7 million, compared to $81.4 million in Q2 2021 Cash and cash equivalents of $219.8 million, compared to $155.4 million in Q2 2021 Successful private placement secured approximately $85 million in new equity Obtained commitments for $50 million of new, senior secured debt Leveraged multiyear Equinor frame agreement with several projects for the 2022 summer season Secured large MultiClient campaign in the North Sea and expanding MultiClient coverage offshore Canada Awarded large 4D contract...

Nokia Corporation Half year report21 July 2022 at 08:00 EEST Nokia Corporation Financial Report for Q2 and Half Year 2022 Good profitability supports full year outlookQ2 net sales increased 3% y-o-y in constant currency (+11% reported). Network Infrastructure net sales grew 12% in constant currency, with growth across all four businesses while Mobile Networks returned to growth despite ongoing supply chain constraints. Cloud and Network Services net sales were flat in constant currency while Nokia Technologies declined 25% as it continued to be impacted by expired licenses that are in the process of being renewed. Comparable gross margin of 40.6% and operating margin of 12.2%. Underlying profitability improved but was offset by Nokia Technologies and a one-off software deal in Mobile Networks in the prior year meaning margins declined...

Preliminary Financial Results and Other Matters for the Quarter and Six Months Ended June 30, 2022:Significant Income and Expense Items: During the three months ended June 30, 2022, the Company recorded the following significant and non-recurring items: (1) A $1.1 million gain on the sale of fixed assets was recorded in Non-Interest Income. (2) Interest income included a total of $1.2 million from interest received on a paid-off investment security and previously charged off interest recovered on three loans. (3) The Company recorded an increase in Salaries and Employee Benefits expense totaling $1.1 million related to a special non-recurring employee bonus paid to all current full-time and part-time employees in response to the rapid and significant increases in prices for many goods and services. (4) The Company recorded an expense...