Day: April 7, 2023

SOITEC RELEASES ITS FY’24 OUTLOOK AND PROVIDES AN UPDATE ON ITS FY’26 FINANCIAL MODEL Bernin (Grenoble), France, April 7th, 2023 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announces its FY’24 outlook and updates its FY’26 financial model. FY’23 outlook Soitec continues to anticipate FY’23 revenue to grow around 20% at constant exchange rates and perimeter and FY’23 EBITDA1 margin2 to reach around 36%. FY’24 outlook As already communicated to the market, inventory digestion across the supply chain in the smartphone market is expected throughout H1 FY’24. In this context Soitec anticipates for the whole of FY’24 revenue to be stable at constant exchange rates and perimeter as compared to FY’23 and EBITDA1 margin2 to remain around 36%. The stability of the revenue will...

On 6 April 2023, S&P Global Ratings assigned the ‘MM5’ mid-market evaluation (MME) rating to Baltic Horizon Fund (the “Fund”). The indicative corresponding rating between the MME rating scale of ‘MM5’ to the global rating scale is ‘B / B+’. The initial rating ‘MM3’ was assigned to the Fund in April 2018 in connection with the issue of bonds maturing on 8 May 2023. S&P Global Ratings expects a weakening in the credit metrics of the Fund given worsening economic conditions, tightening lending conditions and capital markets volatility. The rating agency expects the Fund’s occupancy rates and operational performance to remain relatively stable or slightly increase over the next two years. The Fund’s Management team is finalizing a bond refinancing solution that will be announced this...

On 6 April 2023, S&P Global Ratings assigned the ‘MM5’ mid-market evaluation (MME) rating to Baltic Horizon Fund (the “Fund”). The indicative corresponding rating between the MME rating scale of ‘MM5’ to the global rating scale is ‘B / B+’. The initial rating ‘MM3’ was assigned to the Fund in April 2018 in connection with the issue of bonds maturing on 8 May 2023. S&P Global Ratings expects a weakening in the credit metrics of the Fund given worsening economic conditions, tightening lending conditions and capital markets volatility. The rating agency expects the Fund’s occupancy rates and operational performance to remain relatively stable or slightly increase over the next two years. The Fund’s Management team is finalizing a bond refinancing solution that will be announced this...

The real estate investment company INVL Baltic Real Estate submitted design proposals for reconstruction of the building at Vilniaus Street 37 in the Old Town of the Lithuanian capital to the Vilnius City Municipality for consideration. The design proposals for the reconstruction of the building, which is listed as a real cultural heritage object, were prepared by Senojo Miesto Architektai. “We worked long and hard with the team of architects to find the best solutions for adapting this state-protected historic building to modern needs. Architectural and polychrome studies of the building found many surviving historic wall and ceiling paintings, so we have brought in highly competent specialists to preserve and restore that cultural heritage and open it up to the public. Together with a team of architects, designers and cultural heritage...

Paris, April 7th, 2023 Amundi announces the filing of its 2022 Universal Registration Document, including the annual financial report and the integrated report, to the French securities regulator, the Autorité des Marchés Financiers (AMF), on April 7th, 2023. This 2022 Universal Registration Document is now available in French on the websites of Amundi (http://about.amundi.com) and of the AMF (www.amf-france.org). It is also available at Amundi corporate office, 91-93, boulevard Pasteur, 75015 Paris. The English version will be available soon.About Amundi Amundi, the leading European asset manager, ranking among the top 10 global players1, offers its 100 million clients – retail, institutional and corporate – a complete range of savings and investment solutions in active and passive management, in traditional or real assets....

Icelandair and Airbus have signed a Memorandum of Understanding for the purchase of 13 Airbus A321XLR aircraft with purchase rights for additional 12 aircraft. The aircraft deliveries will start in 2029.   Icelandair, however, plans to start operating Airbus aircraft in 2025 and is currently in advanced stage of negotiations in relation to four leased Airbus A321LR for that purpose. Further additions can be expected in the years thereafter. With the acquisition of the Airbus aircraft, Icelandair will complete the replacement of the Boeing 757. The agreed purchase price of the 13 aircraft is confidential. The financing of the aircraft is yet to be determined but the Company will explore financing options closer to the delivery dates. The A321XLR and A321LR aircraft are part of the Airbus A320neo Family of narrow-body aircraft that provide...