Day: November 10, 2023

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...

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,...

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...

– – GN Store NordGN 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...

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...