Month: August 2022

Finnvera Group, Stock Exchange Release 18 August 2022 Finnvera Group’s Half-Year Report 1 January–30 June 2022 In the first half of the year, Russia’s invasion of Ukraine impacted Finnvera’s financing and increased the credit loss risk – Group result showed a loss of EUR 29 million Finnvera Group, summary H1/2022 (vs. H1/2021 or 31 Dec 2021)Result -29 MEUR (65) – In the first half of the year, credit loss risk of export credit guarantee exposure and loss provisions in Russia increased by 210 MEUR – as yet, there were no grounds for reversing loss provisions made due to the coronavirus pandemic in 2020.  Result by segments: profit of the parent company Finnvera plc’s SME and midcap business stood at 11 MEUR (11) and the result of Large Corporates business at -65 MEUR (35); the subsidiary Finnish Export Credit Ltd had...

Company Announcement no. 113 – 2022Copenhagen, August 18th, 2022 H1-2022 Interim Report – 61% growth in revenue compared to last year. Significant investments into the fleet Today, the Board of Directors and the Management have approved the interim financial report for the financial period 1 January 2022 – 30 June 2022 for GreenMobility A/S. The first half of 2022 generated a revenue growth of 61% compared to same period last year, where 54% was in existing cities. Total revenue for H1-2022 was DKK 42.4 million. GreenMobility continues to generate growth across all existing markets compared to same period last year and Q1-2022. In H1-2022 GreenMobility significantly added to the fleet in key cities and renewed the fleet throughout the network. GreenMobility maintains guidance of DKK 100-110 million in revenue and a net loss of DKK (60-70)...

Interim report Q2 2022 The financial results of Alm. Brand Group (in this report referred to as “Alm. Brand Group” or “the group”) for Q2 2022 include the results of Alm. Brand Forsikring and other activities as well as the results of the acquired Danish business of Codan Forsikring (“Codan”) for the period 1 May 2022 to 30 June 2022. Comparative figures for Q2 2021 are based on reported figures excluding Codan, and organic growth thus only reflects developments in Alm. Brand Forsikring’s continuing activities.Alm. Brand Group reported gross premium income of DKK 2,395 million in Q2 2022, driven by highly satisfactory organic growth of 5.1% and the acquisition of Codan, against DKK 1,348 million in Q2 2021. The technical result grew to a profit of DKK 337 million in Q2 2022 from DKK 322 million in Q2 2021, reflecting sustained satisfactory...

Company announcement no. 23Net profit of DKK 507 million and return on equity of 9.1% In light of financial market developments in the first half of 2022, we are pleased with our H1 profit of DKK 507 million and a return on equity of 9.1%. Growth and a fair level of activity in our core business have driven a satisfactory trend in net interest and net fee income, while high inflation, rising interest rates and expectations of lower growth have resulted in losses on the Bank’s bond and equity portfolio. On the credit side, the same trends and uncertainty relating to the war in Ukraine are generally causing elevated risk levels for both business and retail customers. Strong credit quality among the Bank’s customers was the principal reason that impairment charges for the first six months of the year represented a small income of DKK 2...

Continued good demand but also severe materials and component shortages. One-off expenses from winding up the Russian operations and a one-off gain from the divestment of an additional 26% of the shares in Schulthess. Sales rose by 25.9% to SEK 18,405 million (SEK 14,621 million)  Profit after net financial items amounted to SEK 2,453 million (SEK 2,004 million)  Earnings per share amounted to SEK 0.93 (SEK 0.76)  One-off expenses of SEK 114 million from winding up Russian operations  One-off gain of SEK 232 million from the divestment of an additional 26% of the shares in Schulthess Maschinen AG of Switzerland  Acquisitions of Argoclima of Italy and Pacific Energy of Canada (after the end of the period)“Demand remained strong in all three business areas in the first half of the year and, as before, we see three reasons for this. Our...

24 percent growth in the first half of the year January 1–June 30, 2022Net sales amounted to MSEK 1,188 (868). Adjusted for changes in foreign exchange rates, sales increased 24 percent, of which 21 percent was organic. Operating profit (EBITA) increased 36 percent to MSEK 168 (124). The operating margin (EBITA margin) was 14.2 percent (14.2). Profit after tax increased 36 percent to MSEK 96 (71). Earnings per share increased 36 percent to SEK 4.97 (3.66).Second quarter 2022Net sales amounted to MSEK 664 (480). Adjusted for changes in foreign exchange rates, sales increased 24 percent. Operating profit (EBITA) increased 36 percent to MSEK 112 (82). The operating margin (EBITA margin) was 16.8 percent (17.1). Profit after tax increased 36 percent to MSEK 68 (50). Earnings per share increased 35 percent to SEK 3.49 (2.58).CEO comments,...