Day: August 15, 2023

Robust growth in Q2 – revenue guidance raised

Written by Customer Service on August 15, 2023. Posted in Earnings Releases And Operating Results.

Financial highlightsBrand strength and strong product offering combine to deliver robust growth. Q2 2023 organic growth accelerates to 5%, comprising of LFL (like-for-like) growth of +2% and network expansion of +4%. LFL growth in key markets in Europe broadly stable at 0%, US sees improvement to -4% LFL growth and Rest of Pandora sees ongoing strong growth at +12% LFL. Gross margins continue upward trend witnessed over past years and reach 78.1%, +170bp vs. Q2 2022. As expected, EBIT margin at 20.2% was -190bp Y/Y reflecting a.o. cost phasing and planned investments into growth. Full-year EBIT margin to be broadly in line with last year. Leverage remains low with NIBD/EBITDA at 1.3x. DKK 3.3 billion worth of shares purchased since February 8, making good progress towards purchasing a total of DKK 5.0 billion by February 2, 2024...

Inside information: Aspocomp starts change negotiations on possible temporary layoffs at its Oulu plant

Written by Customer Service on August 15, 2023. Posted in Public Companies.

Aspocomp Group Plc, Inside Information, August 15, 2023, at 8:50 a.m. Aspocomp starts change negotiations on possible temporary layoffs at its Oulu plant in Finland. Today, on August 15, 2023, Aspocomp has issued a negotiation proposal in accordance with the Act on Cooperation to start change negotiations for production-related and financial reasons at its Oulu plant. The majority of the Oulu plant’s approximately 120 production blue-collar employees are covered by the negotiations. The change negotiations are estimated to last two weeks, and the possible temporary layoffs would last a maximum of 90 days. With the change negotiations, the company prepares for a possible partial adjustment of production to correspond to temporarily low delivery volumes. Slower-than-expected recovery of the semiconductor cycle and high inventory levels...

JULY VOLUMES: FREIGHT CLOSING IN ON LAST YEAR, PASSENGERS UP 9%

Written by Customer Service on August 15, 2023. Posted in Public Companies.

INVESTOR NEWS no. 29 – 15 August Ferry – freight: Total volumes in July 2023 were 7.2% below 2022. Volumes were 4.9% below 2022 adjusted for Channel. North Sea volumes were robust on most routes but a slowdown in Swedish imports and a dip in fresh produce volumes to the UK due to weather conditions reduced overall volumes compared to 2022. Mediterranean’s volumes were below last year as growth is being reduced by measures to curb inflation in Türkiye and European demand is stagnating. Channel volumes were below 2022 which reflects the redistribution of market shares that took place in July 2022 in the wake of a ferry competitor’s suspension of sailings in 2022. Baltic Sea market conditions are starting to become more comparable to 2022 as the war’s impact on volumes did not fully materialise in 2022 until after the summer....

JULY VOLUMES: FREIGHT CLOSING IN ON LAST YEAR, PASSENGERS UP 9%

Written by Customer Service on August 15, 2023. Posted in Public Companies.

INVESTOR NEWS no. 29 – 15 August 2023 Ferry – freight: Total volumes in July 2023 were 7.2% below 2022. Volumes were 4.9% below 2022 adjusted for Channel. North Sea volumes were robust on most routes but a slowdown in Swedish imports and a dip in fresh produce volumes to the UK due to weather conditions reduced overall volumes compared to 2022. Mediterranean’s volumes were below last year as growth is being reduced by measures to curb inflation in Türkiye and European demand is stagnating. Channel volumes were below 2022 which reflects the redistribution of market shares that took place in July 2022 in the wake of a ferry competitor’s suspension of sailings in 2022. Baltic Sea market conditions are starting to become more comparable to 2022 as the war’s impact on volumes did not fully materialise in 2022 until after the summer....

Hexatronic Group AB (publ) Interim report January – June 2023

Written by Customer Service on August 15, 2023. Posted in Earnings Releases And Operating Results.

Hexatronic Group AB (publ)Interim report January – June 2023 Continued growth, improved profitability and cash flow Second quarter (April 1 – June 30, 2023)Net sales increased by 36 percent to MSEK 2,258 (1,662). Organic growth amounted to 7 percent. EBITA increased by 45 percent to MSEK 405 (278), corresponding to an EBITA margin of 17.9 percent (16.8). Operating profit (EBIT) increased by 43 percent to MSEK 377 (264), corresponding to an operating margin of 16.7 percent (15.9). Net profit increased by 37 percent to MSEK 259 (189). Earnings per share after dilution amounted to SEK 1.27 (0.93). Cash flow from operating activities amounted to MSEK 348 (176).Events during the quarterHexatronic signs agreement with new network operator in the US to a value of 20 MUSD. Hexatronic has signed an agreement to acquire Fibron, a leading OEM...

Hexagon Purus ASA: Results for the second quarter 2023

Written by Customer Service on August 15, 2023. Posted in Earnings Releases And Operating Results.

Selected key developments in Q2 2023 and after balance sheet date:Revenue growth trend continues with 57% year-over-year growth to NOK 330 million in Q2 2023, and 55% year-over-year growth in the first half of 2023. Signed a long-term agreement with a major North American OEM to provide complete vehicle integration of battery electric utility trucks in North America, with an estimated potential sales value of approximately USD 150 million. Entered into a 5-year framework agreement with a global energy company for delivery of hydrogen distribution systems with a potential sales value of approximately EUR 27 million. Commenced serial production of hydrogen cylinders for the Nikola TRE fuel cell electric heavy-duty truck. Exited the quarter with total backlog of approximately NOK 1.4 billion.“It has been yet another strong quarter with...

NORBIT – Results for the second quarter of 2023

Written by Customer Service on August 15, 2023. Posted in Earnings Releases And Operating Results.

Trondheim, 15 August 2023: In the second quarter, NORBIT delivered another record performance. Revenues for the quarter came in at NOK 417.6 million, representing a growth of 32 per cent from the same period last year. The EBITDA result was NOK 127.2 million, which represents a margin of 30 per cent. All three business segments delivered growth compared to the corresponding quarter of 2022:Connectivity reported revenues of NOK 171.8 million, an increase of 107 per cent, largely driven by increased demand for On-Board Units. The EBITDA margin was 38 per cent in the quarter. Oceans delivered revenues of NOK 152.2 million driven by continued high activity within the sonar business, while the EBITDA margin was 38 per cent. Product Innovation & Realization (PIR) delivered NOK 101.6 million in revenues in the quarter, representing underlying...

Electrical Digital Twin Market to Surpass 121.48 Billion by 2030 Drives Due to Integration of Variable Renewable Energy

Written by Customer Service on August 15, 2023. Posted in Mergers And Acquisitions.

SkyQuest projects that the electrical digital twin market will attain a USD 121.48 billion value by 2030, with a CAGR of 36.3% over the forecast period (2023-2030). Electrical digital twins empower grid operators to simulate vital operational scenarios for reliable and efficient electrical system planning, operation, and maintenance. The electrical digital twin market provides swift solutions for utilities and grid operators amid the decentralization of distributed energy resources (DER). These twins aid in managing complex DER integration challenges and grid modernization, streamlining interconnection, enhancing customer service, and optimizing operational efficiency. Westford, USA, Aug. 14, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, global electrical digital twin market gains traction as industries adopt smart infrastructure....

Synthetic Polymer Waxes Market to Surpass 44.12 Billion by 2030 Drives Due to Increasing Usage of Natural Waxes

Written by Customer Service on August 15, 2023. Posted in Mergers And Acquisitions.

SkyQuest projects that the synthetic polymer waxes market will attain a value of USD 44.12 billion by 2030, with a CAGR of 5.01% over the forecast period (2023-2030). The automotive industry drives the growing demand for synthetic polymer waxes, contributing to significant synthetic polymer waxes market expansion. Synthetic polymer waxes are extensively utilized in the automotive sector to modify the surface characteristics of wax blends, including texture, appearance, hardness, and viscosity. Westford USA, Aug. 14, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, wax is a complex mixture of long-chain fatty acids, alcohols, and sterols that typically melt at a slightly higher temperature in the synthetic polymer waxes market. Waxes can be categorized into two main types based on their source: natural and synthetic. Synthetic wax,...

Ottawa Bancorp, Inc. Announces Second Quarter 2023 Results

Written by Customer Service on August 15, 2023. Posted in Earnings Releases And Operating Results.

OTTAWA, Ill., Aug. 14, 2023 (GLOBE NEWSWIRE) — Ottawa Bancorp, Inc. (the “Company”) (OTCQX: OTTW), the holding company for OSB Community Bank (the “Bank”), announced net income of $0.5 million, or $0.22 per basic and diluted common share for the three months ended June 30, 2023, compared to net income of $0.7 million, or $0.28 per basic and diluted common share for the three months ended June 30, 2022. For the six months ended June 30, 2023, the Company announced net income of $1.0 million, or $0.39 per basic and diluted common share, compared to net income of $1.6 million, or $0.59 per basic and diluted common share for the six months ended June 30, 2022. The loan portfolio, net of allowance, increased to $317.7 million as of June 30, 2023 from $307.7 million as of December 31, 2022 as originations of $31.4 million exceeded payoffs...

Day: August 15, 2023

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Cookie Notice