Day: February 8, 2024

Oslo, 8 February 2024 – DNO ASA, the Norwegian oil and gas operator, today reported 2023 revenues of USD 668 million and operating profit of USD 218 million on the back of production rebound in the Kurdistan region of Iraq in a year marked by North Sea exploration success. Net production averaged 52,600 barrels of oil equivalent per day (boepd), of which Kurdistan contributed 34,900 boepd, North Sea 14,200 boepd and West Africa 3,500 boepd. The pivot towards North Sea, accelerated in 2019, delivered a string of discoveries with combined recoverable volumes estimated at 100 million barrels of oil equivalent net to the Company last year. At yearend, gross production from the DNO-operated Tawke license had largely recovered from the March 2023 export pipeline shutdown and was averaging 80,000 boepd. The Company’s net entitlement share is...

COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 126 million in Q4 2023, and the revenue for 12 months amounted to EUR 466 million, while the respective figures for net profit were EUR 13.9 million and 12 months was EUR 46.0 million. Merko delivered 948 apartments and 27 commercial units to buyers in 12 months this year. According to the management of Merko Ehitus, the solid results for 2023 were mainly delivered by Merko teams, who have made good decisions in the last few tumultuous years and adapted to market demand in the field of both construction service and real estate development. Construction and real estate development projects generally span more than one reporting period and the final results become evident at the end of the projects.  The 12-month and Q4 results in 2023 show that several important factors coincided in...

Highlights, fourth quarterTen percent constant currency revenue increase Transformation plan execution commenced Diversification – sales to the PC sector increased by two-thirds Cost optimization program initiated; OPEX includes SEK 37.5 M attributable to restructuring measures  Fourth quarter of 2023Revenues amounted to SEK 200.3 M (190.3) The gross margin was 9.5 percent (8.8) EBITDA amounted to negative SEK 83.8 M (neg: 74.3) Adjusted EBITDA amounted to negative SEK 46.3 M (neg: 74.3) The operating result was negative SEK 105.2 M (neg: 527.3) Earnings per share before and after dilution amounted to a negative SEK 0.22 (neg: 1.48) Cash flow from operating activities was negative SEK 60.4 M (neg: 103.9)January-December 2023Revenues amounted to SEK 705.4 M (861.8) The gross margin was 12.7 percent (19.3) EBITDA amounted...

Aktia Bank PlcStock Exchange Release8 February 2024 at 8.00 a.m.   Aktia Bank Plc’s Financial Statement Release January-December 2023: Aktia achieved a strong result, driven by a very good net interest income October-December in shortInterest income from lending grew strongly, raising the net interest income to a high level. The average margin of the loan book also increased. Net commission income from asset management increased slightly from the reference period. The growth was supported by, for example, commissions from private equity funds and structured products. Assets under management grew in the fourth quarter and net sales to Private Banking customers remained positive, but as a whole net subscriptions were negative. The life insurance business developed steadily. Despite high inflation, we managed to keep cost increases at a...

Full year adj. EBITDA [1] of €174M, up 67%, marking 6 consecutive quarters of improvement, supported by 10% LFL revenue [1] growth and margin improvement of 3.5pp to reach 9.7%, with cost transformation program delivering 5% operating savings for the 2nd consecutive year; Strong cash flow generation, allowing for self-funded 55% capex increase to invest in the Group’s transformation, and resulting in positive FCF after financing [2] of €9M; Basic EPS at €0.43 per share representing a significant turnaround since 2020; Leverage nearly halved over the year from 6.4 times to 3.3 times; 2024 revenue [1] expected to grow by low single-digit LFL, adj. EBITDA [1] margin to increase to 11%-12%, and FCF after financing [2] to improve further, resulting in  debt leverage reduction to below 3.0 times by year end.CEO quote Gustavo Calvo Paz, Ontex’s...

VERY GOOD RESULTS IN 2023               2023 CRÉDIT AGRICOLE S.A.   CRÉDIT AGRICOLE GROUP        Stated Underlying     Stated Underlying  Revenues   €25,180m+12.0% 12M/12M €24,563m+9.5% 12M/12M     €36,492m+4.8% 12M/12M €35,641m+3.8% 12M/12M  Costs excl. SRF   -€13,632m +8.1% 12M/12M -€13,618m+8.9% 12M/12M     -€21,464m+5.7% 12M/12M – €21,450m+6.6% 12M/12M  Gross Operating Income   €11,039m+19.6% 12M/12M €10,436m+12.5% 12M/12M     €14,408m+5.2% 12M/12M €13,572m+1.3% 12M/12M  Cost of risk   -€1,777m +1.8% 12M/12M -€1,693m +9.2% 12M/12M     -€2,941m +1.7% 12M/12M -€2,856m +5.9% 12M/12M  Net income group share   €6,348m+19.6% 12M/12M €5,923m+11.0% 12M/12M   ...

FINANCIAL STATEMENTS REVIEW for 1 January – 31 December 2023 SOLID PERFORMANCE IN A HIGHLY PRICE-DRIVEN MARKET IN THE FOURTH QUARTER Verkkokauppa.com Oyj         FINANCIAL STATEMENTS REVIEW        8 February 2024, 8:00 a.m. EET Verkkokauppa.com arranges two virtual news conferences on a result publication day. The news conference in Finnish will be held at 10:00 am Finnish time. The news conference for analysts and institutional investors in English will be at 11:00 am Finnish time. Details of the events and how to participate can be found at the end of this release. This is a summary of Verkkokauppa.com’s Financial Statements Review for 1 January – 31 December 2023. The complete report is attached to this release and also available at https://investors.verkkokauppa.com/en Unless otherwise stated, the comparison figures in brackets refer...