November 10, 2023 – Page 9

Solid results, despite considerably lower prices

Written by Customer Service on November 10, 2023. Posted in Earnings Releases And Operating Results.

Statkraft delivered solid results in the third quarter even though power prices were significantly down. Value creation was particularly strong from energy management and market activities. Statkraft continues to deliver on its ambitious growth strategy. Net operating revenues was NOK 10.6 billion in Q3 2023 compared to 13.2 billion in the comparable quarter last year, when the European energy crises caused extraordinary market conditions. Underlying EBIT decreased to NOK 4.9 billion (NOK 9.0 billion), while profit after tax was NOK 4.4 billion (NOK 3.8 billion). Energy markets continued to normalise and weather conditions were wetter, resulting in a fall in European power prices in the third quarter by 84 per cent in the Nordic region and 76 percent in Germany compared to the extraordinary high prices in the same quarter last year. Statkraft...

Stockwik publishes interim report January 1st – September 30th, 2023

Written by Customer Service on November 10, 2023. Posted in Earnings Releases And Operating Results.

SOLID BELIEF IN THE BUSINESS IDEA AND THE FINANCIAL GOAL Stockwik’s business idea and the financial goal of achieving an EBITA growth of 15 percent remains solid. Our Healthcare, Business Services and Industry segment developed better than expected during the quarter. Healthcare continues to stand out with a better development than expected during the reporting period (January 1st – September 30th). As of September 30th, 2023, the group has generated a proforma EBITDA of SEK 88.1 million over the most recent rolling twelve-month period. We have worked with our businesses and, for instance, implemented localized one-time cost-saving measures. These cost-saving initiatives, totalling to SEK 16.1 million, have been fully integrated and will be gradually realized from the third quarter of 2023. Adjusting for these cost savings,...

Revenue and earnings growth continued as Matas and KICKS joined forces

Written by Customer Service on November 10, 2023. Posted in Earnings Releases And Operating Results.

Company announcement no. 14 2023/24 Allerød, 10 November 2023 Interim report – H1 2023/24 (1 April – 30 September 2023) Revenue and earnings growth continued as Matas and KICKS joined forces On 31 August 2023, Matas A/S completed the acquisition of KICKS Group AB (“KICKS”). Jointly, the combined entity will operate the market leading beauty and wellbeing omnichannel retail concept in the Nordics. Through the combination, Matas and KICKS will be able to better serve customer demand for larger assortment, new brands, access to stores, fast, convenient and inspiring online shopping and keep a continued focus on personal and expert advisory and service. Matas and KICKS will serve +5 million club members across the four Nordic markets with almost 500 stores, leading web shops, +3,800 skilled colleagues, and offer a category...

One-GN transformation well on track. Hearing continued strong organic growth while Enterprise executed well in stabilizing markets and SteelSeries outperformed the market. Sequential margin improvements resulted in strong positive free cash

Written by Customer Service on November 10, 2023. Posted in Earnings Releases And Operating Results.

– – GN Store Nord GN delivered continued focused execution across the company resulting in 1% revenue growth compared to Q2 2023. Group organic revenue growth was 0% Adj. EBITA was DKK 495 million, equal to an adj. EBITA margin improvement of 1.9 percentage points compared to Q2 2023 (0.6 percentage points lower than Q3 2022), driven by tightly managed OPEX. This led to strong free cash flow excl. M&A of DKK 279 million and in combination with the disposal of BelAudição, the net interest-bearing debt decreased from DKK 12,073 million to DKK 11,333 million GN announced its transformation into one integrated company to capture innovation synergies, to better serve customer needs, and to simplify the operating model. This will entail freeing up resources to invest in future innovation and ultimately create shareholder value...

Avium Digital and WISeKey Join Forces to Enhance Secure Communications and Fortify Avium’s SaaS Solution for Vertiport Infrastructures

Written by Customer Service on November 10, 2023. Posted in Public Companies.

Avium Digital and WISeKey Join Forces to Enhance Secure Communications and Fortify Avium’s SaaS Solution for Vertiport Infrastructures Geneva, Massachusetts – November 10, 2023 – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today announced the signing of a Memorandum of Understanding (MoU) with Avium Inc. (“Avium”), a leading provider of innovative Software as a Service (SaaS) solutions for vertiport infrastructures. This strategic partnership will mark a significant milestone in ensuring the utmost security and efficiency in operational processes and communication within the vertiports ecosystems. The collaboration between Avium and WISeKey brings together the expertise...

AS Tallinna Sadam financial results for 2023 Q3 and 9 months

Written by Customer Service on November 10, 2023. Posted in Public Companies.

Tallinna Sadam earned 31 million euros in revenue and 6 million euros in profit in the third quarter. The nine-month revenue was 89 million euros and the profit reached 13 million euros. In the third quarter, the volume of investments increased to nearly 5 million euros, since the beginning of the year we invested a total of 11 million euros. In the third quarter, both revenue (-14%), adjusted EBITDA (-25%) and profit (-49%) decreased year-on-year. Operating expenses in the third quarter decreased mainly due to the drop in energy prices. In the 9 months total, the revenue decreased by 5%, and due to the pressure of cost growth, adjusted EBITDA (-17%) and profit (-46%) fell. Nine months in total, the number of passengers increased by 15%, but there were fewer passenger ship calls. Compared to the previous year, fewer cruise ships visited...

Richemont announces strong underlying performance for the six-month period ended 30 September 2023

Written by Customer Service on November 10, 2023. Posted in Public Companies.

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53LR10 NOVEMBER 2023 Please find below the Highlights and Chairman’s commentary from Richemont FY24 Interim Results Announcement. RICHEMONT ANNOUNCES STRONG UNDERLYING PERFORMANCEFOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2023 Group highlights Sales and operating profit from continuing operations of € 10.2 billion and € 2.7 billion, respectively, notwithstanding uncertain macroeconomic and geopolitical environments, demanding comparatives and significant adverse foreign currency movements Clearance obtained from all regulatory authorities on agreement with FARFETCH and Alabbar to sell a controlling interest in YNAP to create a neutral industry-wide platform Continued progress on ESG matters: first ESG Report in accordance with GRI Standards and strengthened governance with two new board members and...

Valneva Announces U.S. FDA Approval of World’s First Chikungunya Vaccine, IXCHIQ®

Written by Customer Service on November 10, 2023. Posted in Public Companies.

Saint-Herblain (France), November 10, 2023 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA), a specialty vaccine company, today announced that the U.S. Food and Drug Administration (FDA) has approved IXCHIQ®, Valneva’s single-dose, live-attenuated vaccine indicated for the prevention of disease caused by chikungunya virus (CHIKV) in individuals 18 years of age and older who are at increased risk of exposure to CHIKV. This indication is approved under accelerated approval based on anti-CHIKV neutralizing antibody titers. Continued approval for this indication is contingent upon verification of clinical benefit in confirmatory studies. The Company will hold an analyst call and a webcast at 3:00pm CET or 9:00am EDT on Monday, November 13, 2023. The link will be available on the Company’s investor page. Please refer to this link Investors...

IMCD reports EBITA of EUR 400 million in the first nine months of 2023

Written by Customer Service on November 10, 2023. Posted in Public Companies.

Rotterdam, The Netherlands (10 November 2023) – IMCD N.V. (“IMCD” or “Company”), a global leading distribution partner, formulator of speciality chemicals and ingredients, and solutions provider, today announces its first nine months 2023 results. HIGHLIGHTS • Gross profit of EUR 856 million (+EUR 3 million on a constant currency basis) • Operating EBITA decline of 10% to EUR 400 million (-6% on a constant currency basis) • Net result decline of 19% to EUR 214 million (-16% on a constant currency basis) • Free cash flow increase by 46% to EUR 364 million (first nine months of 2022: EUR 249 million) • Since the end of Q2 2023, IMCD successfully completed acquisitions in South Africa, UK, Puerto Rico, Chile, South Korea and Singapore/Vietnam Piet van der Slikke, CEO: “Despite the prevailing difficult global economic conditions,...

MARTELA CORPORATION’S INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2023

Written by Customer Service on November 10, 2023. Posted in Earnings Releases And Operating Results.

The January–September 2023 revenue and operating result decreased compared to previous year. July–September 2023 Revenue was EUR 24.5 million (25.3), representing a change of -2.9% Comparable operating result was EUR 0.8 million (0.6) Operating result was EUR 0.8 million (2.1) Operating profit per revenue was 3.5% (8.5%) The result for the period was EUR 0.7 million (2.2) Earnings per share amounted to EUR 0.15 (0.48) January–September 2023 Revenue was EUR 68.0 million (79.6), representing a change of -14.5% Comparable operating result was EUR -3.9 million (0.8) Operating result was EUR -3.9 million (2.3) Operating profit per revenue was -5.7% (2.9%) The result for the period was EUR -4.5 million (1.9) Earnings per share amounted to EUR -0.99 (0.42) Outlook Outlook for 2023 Martela anticipates its revenue to decrease...

Day: November 10, 2023

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