Day: February 10, 2023

Millicom (Tigo) closes 2022 with robust free cash flow Luxembourg, February 10, 2023 – Millicom is pleased to announce its fourth quarter and annual 2022 results. Please find below links to the Q4 2022 Earnings Release and IAS 34 Interim Condensed Consolidated Financial Statements. Millicom Chief Executive Officer Mauricio Ramos commented: “2022 was a strong year for Millicom. Operationally, we gained or sustained mobile and fixed market share in the vast majority of our markets, and we continued to successfully execute on our strategy to accelerate growth in B2B. In Mobile, we continued to invest to modernize and upgrade our networks, and we were the first to introduce 5G service in Guatemala. In Home, we continued to expand our network to reach 822,000 new homes, and we pivoted our new build activity toward fiber-to-the-home. We...

RAPALA VMC CORPORATION, Financial Statement Release, February 10, 2023 at 1:00 p.m. EET January-December (FY) in brief:Net sales were 274.4 MEUR, down 7% from previous year (294.3). Organically sales were 13% lower than last year. Group products sales were 228.4 MEUR, up by 0.7 MEUR from previous year. Organically Group products sales were 6% lower than last year. Operating profit was 12.3 MEUR (32.1). Comparable operating profit* was 15.3 MEUR (32.7). Cash flow from operations was -12.9 MEUR (24.4). Net profit for the period was 3.7 MEUR (19.8). Earnings per share was 0.10 EUR (0.45). Dividend proposal is 0.04 EUR per share (0.15). 2023 guidance: Full year comparable operating profit to decrease from the previous year as 2023 will be strongly impacted by continued destocking in the fishing category at retail level and poor winter weathers...

Swamy Kotagiri, Magna’s Chief Executive Officer “2022 was another difficult year for the auto industry as inflation climbed to levels not experienced for decades, geopolitical issues contributed to unprecedented European energy prices and OEM production schedules remained volatile. Nevertheless, we once again generated above-market sales growth, and booked a record amount of business. In 2023, we are highly focused on improving underperforming operations, limiting discretionary costs and securing further inflation recoveries from our customers. At the same time, we continue to invest to support the significant amount of business growth in front of us.”Fourth Quarter 2022 HighlightsSales increased 5% to $9.6 billion Excluding foreign currency translation sales increased 13%, compared to a global light vehicle production increase of...

SAMPO PLC                        FINANCIAL STATEMENT RELEASE           10 February 2023 at 9:35 am Sampo Group’s results for 2022 • Group P&C gross written premiums increased by 6 per cent year-on-year to EUR 8,136 million. The Group combined ratio was strong at 82.1 per cent (81.4). • Underwriting profit increased by 2 per cent to EUR 1,314 million (1,282). Excluding COVID-19 effects reported in 2021, underwriting profit grew 13 per cent. • The Board proposes a EUR 2.60 per share (4.10) dividend, including a regular dividend of EUR 1.80 per share (1.70). In addition, management is to propose a new EUR 400 million buyback programme. • The strategic review of Mandatum is ongoing, with all options still available. An update is expected to be provided by the end of the first quarter. • Group Solvency II coverage stood at 210 per cent...

Message from the CEO The speed of recruitment of preterm infants into our large phase 3 study significantly increased in the final three months of 2022 compared to the corresponding period in previous years. In the last 12 months, we succeeded in stabilizing recruitment at around 50 babies per month. In the first half of 2023, IBT will evaluate an additional 12 neonatal intensive care clinics across the EU and the US for participation in the study to further accelerate the study rate. According to the study protocol, aligned with medical authorities, the study is to be expanded to an additional patient group when the recruitment has reached 1400 infants. This group includes larger premature infants with a birth weight of 1000-1500 grams. With this patient inclusion expansion, we expect the recruitment rate in the current year to exceed...

QPR SOFTWARE PLC             STOCK EXCHANGE RELEASE          February 10, 2023, AT 9.00 AM EETQPR Software Plc‘s Financial Statement Bulletin 2022: In the fourth quarter the SaaS revenue grew by 53% and net sales by 5%. The operating result was clearly negative, which was essentially impacted by the delivery challenges of individual software projects in the Middle East and the decrease in new sales of software licenses. During the accounting period, the partner ecosystem was strengthened, and innovative process mining solutions were introduced to the market.FINANCIAL DEVELOPMENT BRIEFLY October-December 2022 highlights SaaS software business grew +53%  Net sales amounted to EUR 2,142 thousand, an increase of 5% (October-December 2021: 2,043)  EBITDA was EUR -430 thousand (-430)  Operating result (EBIT) amounted to...