Day: August 17, 2022

Coop Pank AS entered into merger agreement with CP Varad AS

Written by Customer Service on August 17, 2022. Posted in Public Companies.

Today, Coop Pank AS entered into a notarial merger agreement with its 100% subsidiary CP Varad AS. As a result of the merger, CP Varad AS will dissolve, and Coop Pank AS will become its successor. The main operation of CP Varad AS has been managing and realising the properties which were collateral to bank’s problem credit. Through the merger, the group aims to streamline its legal structure, however group’s consolidated financial position and rights and obligations will not change. The merger agreement will enter into force after receipt of an approval from the Estonian Financial Supervision and Resolution Authority and the merger is planned to be completed during the year 2022. The merger agreement and merger report are enclosed to this announcement. Coop Pank, based on Estonian capital, is one of the five universal banks operating...

edgeTI accepted into Forbes Technology Council

Written by Customer Service on August 17, 2022. Posted in Public Companies.

Forbes Technology Council Is an Invitation-Only Community for World-Class CIOs, CTOs, and Technology Executives. ARLINGTON, Va., Aug. 17, 2022 (GLOBE NEWSWIRE) — Arlington, VA, USA August 17, 2022 (GLOBE NEWSWIRE) – Edge Total Intelligence Inc. (“edgeTI”), a leading executive decision support and automation platform provider, is pleased to announce its CEO, Jim Barrett, has been accepted into Forbes Technology Council, an invitation-only community for world-class CIOs, CTOs, and technology executives. Jim Barrett was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. A Media Snippet accompanying this announcement is available by...

Coloplast Finance B.V. – 9M Interim Financial Report 2021/2022

Written by Customer Service on August 17, 2022. Posted in Earnings Releases And Operating Results.

Coloplast B.V. – Announcement no. 02/2022 – Interim Financial Report, 9M 2021/2022 9M 2021/22 Interim financial results, 9M 2021/22 1 October 2021 – 30 June 2022 Coloplast delivered Q3 organic growth of 8% and an EBIT margin of 30%. Unchanged financial guidance for FY 2021/22, with organic growth at 6-7%, reported growth around 15%, and EBIT margin before special items of around 31%Coloplast delivered 8% organic growth in Q3. Reported revenue in DKK was up by 21%. Organic growth rates by business area in Q3 were: Ostomy Care 10%, Continence Care 5%, Interventional Urology 11%, and Wound & Skin Care 5% (Wound Care 4%). Voice & Respiratory Care contributed 9%-points to reported growth, with a double-digit underlying growth. Satisfactory Q3 for Chronic Care, with solid Ostomy Care growth across all geographies...

Skincare Market Size to Surpass USD 145.82 Billion by 2028 | At 5.52% CAGR

Written by Customer Service on August 17, 2022. Posted in Mergers And Acquisitions.

Key companies covered in skincare market are L’Oréal Professional (Clichy, France), Unilever (London, England), Procter & Gamble (Cincinnati, Ohio, U.S.), Estée Lauder Inc. (New York, U.S.), Beiersdorf AG (Hamburg, Germany), Shiseido Co., Ltd. (Chuo City, Tokyo, Japan), Coty Inc. (New York, U.S.), Natura & Co. (Sao Paulo, Brazil), Kao Corporation (Chuo City, Tokyo, Japan), Johnson & Johnson Services, Inc. (New Brunswick, U.S.), Avon Products Inc. (London, U.K), and more players profiled. Pune, India, Aug. 17, 2022 (GLOBE NEWSWIRE) — According to Fortune Business Insights, the global skincare market size is expected to gain momentum by reaching USD 145.82 billion by 2028 from USD 100.13 billion in 2021, while exhibiting a CAGR of 5.52% between 2021 to 2028. In its report titled, “Skincare Market, 2021-2028,” Fortune...

Essential Oils Market Size & Share to Hit USD 18.25 Billion by 2028 | Exhibit a CAGR of 9.57%

Written by Customer Service on August 17, 2022. Posted in Mergers And Acquisitions.

Key companies covered in essential oils market are Biolandes SAS (France), Givaudan International SA (Vernier, Switzerland), International Flavors and Fragrances Inc. (New York, United States), Symrise AG (Holzminden, Germany), Enio Bonchev Production Ltd. (Bulgaria), The Lebermuth Company, Inc. (Indiana, United States), Essential Oils of New Zealand (New Zealand), Phoenix Aromas & Essential Oils LLC (United States), Sydney Essential Oil Co. (Australia), Young Living Essential Oils (Utah, United States) and more players profiled. Pune, India, Aug. 17, 2022 (GLOBE NEWSWIRE) — The global essential oils market size is set to gain traction by reaching USD 18.25 billion by 2028 while exhibiting a CAGR of 9.57% in the forecast period. This information is given by Fortune Business Insights™ in its report, titled, “Essential oils...

EVTOL Aircraft Market Size Hit USD 23.21 Billion by 2028 | EVTOL Aircraft Industry High Growth in United States, Russia, Netherlands, Germany, Israel and ROW

Written by Customer Service on August 17, 2022. Posted in Mergers And Acquisitions.

According to Fortune Business Insights, the global EVTOL Aircraft Market Size is projected to reach USD 23.21 Billion by 2028, at CAGR of 23.13% during forecast period 2021-2028 Pune, India, Aug. 17, 2022 (GLOBE NEWSWIRE) — The global eVTOL aircraft market size was estimated to be worth USD 1.11 billion in 2020. The market value is expected to increase from USD 5.41 billion in 2021 to USD 23.21 billion in 2028 at a CAGR of 23.13% during 2021-2028. Growing urbanization, increasing traffic congestion, and the need for smarter transportation solutions are some of the major factors propelling the market forward. Fortune Business Insights presents this information in its report titled “EVTOL Aircraft Market, 2021-2028.” Electric vertical take-off and landing aircraft are increasingly gaining traction across the...

RADA Reports Q2/2022 Results

Written by Customer Service on August 17, 2022. Posted in Earnings Releases And Operating Results.

NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) — RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022Quarterly revenues of $23.0 million; Gross margin of 35%; Previously announced merger with DRS proceeding as expected – merger expenses of $2.6 million incurred in the second quarter; Operating loss of $3.0 million; Net loss of $4.4 million; Adjusted EBITDA of $1.8 million representing margin of 7.7%; Quarter-end net cash position of $55.7 million.Management Comments Dov Sella, RADA’s Chief Executive Officer commented, “As we announced a few weeks ago, similar to what is being experienced by many U.S. defense companies, it is taking longer than we originally expected to recover...

Kamada Reports Second Quarter and First Half 2022 Financial Results; Significant Growth Driven by Multiple Catalysts Expected in Second Half of 2022; Reiterates 2022 Revenue and Profitability Guidance

Written by Customer Service on August 17, 2022. Posted in Earnings Releases And Operating Results.

Second Quarter 2022 Revenues were $23.6 Million; First Half 2022 Revenues of $51.7 Million Increased 5% Year-Over-Year First Half 2022 Adjusted EBITDA of $4.6 Million; Excluding Labor Strike Related Loss, Adjusted EBITDA Totaled $8.0 Million, Representing Adjusted EBITDA Margins of 15% of First Half 2022 Revenues Generated Operating Cash Flows of $16.4 Million in First Half of 2022, Supporting the Increase of Cash Position to $29.9 Million as of June 30, 2022 2022 Year-to-Date Progress is Indicative of the Company’s Evolution into a Diversified Fully Integrated Commercial Company with Multiple Growth Drivers Significant Revenue and Profitability Growth Expected in Second Half of 2022, Supporting the Reiteration of Fiscal Year 2022 Revenue Guidance of $125 – $135 Million, Representing a 20% to 30% Increase over 2021 and Adjusted...

The Children’s Place Reports Second Quarter 2022 Results

Written by Customer Service on August 17, 2022. Posted in Earnings Releases And Operating Results.

Reports Q2 GAAP EPS of ($1.01) versus $1.60 in Q2 2021 and $0.10 in Q2 2019Reports Q2 Adjusted EPS of ($0.89) versus $1.71 in Q2 2021 and $0.19 in Q2 2019Provides Full Year 2022 Adjusted EPS Guidance of $7.00Provides Third Quarter 2022 Adjusted EPS Guidance of $3.95 SECAUCUS, N.J., Aug. 17, 2022 (GLOBE NEWSWIRE) — The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced financial results for the second quarter ended July 30, 2022. Jane Elfers, President and Chief Executive Officer announced, “Our Q2 sales and profitability fell well short of our expectations due to a significant miss to our internal retail sales projections in the period from early June through early July. The combination of an unexpected and meaningful increase in promotional activity...

Sportradar Reports Strong Growth in Second Quarter 2022 and Increases Its Revenue Outlook for Fiscal 2022 Projecting Revenue Growth of 24% to 27%

Written by Customer Service on August 17, 2022. Posted in Earnings Releases And Operating Results.

Overall revenue increased 23%; U.S. revenue increased 66% year over year ST. GALLEN, Switzerland, Aug. 17, 2022 (GLOBE NEWSWIRE) — Sportradar Group AG (NASDAQ: SRAD) (“Sportradar” or the “Company”), the leading global technology company enabling next generation engagement in sports, and the number one provider of business-to-business solutions to the global sports betting industry, today announced financial results for its second quarter ended June 30, 2022. Second Quarter 2022 HighlightsRevenue in the second quarter of 2022 increased 23% to €177.2 million ($186.0 million)1 compared with the second quarter of 2021, driven by strong growth across all business segments. In particular, U.S. segment revenue grew by 66% to €29.1 million ($30.5 million) compared with the second quarter of 2021. Adjusted EBITDA2 in the second quarter...

Day: August 17, 2022

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