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Day: January 29, 2024

Philips delivers strong full-year results; agrees with FDA on terms of consent decree focused on Philips Respironics in the US

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

    January 29, 2024Delivers strong sales growth, improved profitability, and strong cash flow in 2023 through solid execution of first year of 2023-2025 plan Agrees with FDA on terms of consent decree focused on Philips Respironics in the US, providing clarity and a roadmap to demonstrate compliance and to restore the business Reiterates confidence in delivering the 2023-2025 plan; further performance improvement in 2024FY and Q4 Group performance highlightsGroup sales amounted to EUR 18.2 billion in 2023; EUR 5.1 billion in Q4 Comparable sales growth of 7% in 2023; 3% in Q4, excluding provisions charged to sales, mainly connected with the Respironics consent decree* Comparable order intake was -5% in 2023; -3% in Q4; absolute order book remains strong Income from operations was EUR -115 million in 2023; EUR 24 million in Q4,...

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Origin Selects Fluence to Deliver the 300 MW / 650 MWh Mortlake Power Station Battery in Australia

Written by Customer Service on . Posted in Public Companies.

MELBOURNE, Australia, Jan. 29, 2024 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products, services, and optimisation software for renewables and storage, today announced that the company has been selected by Origin Energy Limited (Origin) to deliver a 300 MW / 650 MWh battery at the Mortlake Power Station in southwest Victoria. The project will use Fluence’s Gridstack™ energy storage product with a 15-year service agreement contributing to Origin’s strategy to accelerate renewable energy and energy storage in its portfolio. The system will also utilise Fluence’s AI-powered asset performance management (APM) software, Nispera™, to optimise the battery’s operational performance. “We are honored to be selected by Origin to deliver this grid-forming battery-based...

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