Day: February 9, 2024

Tornator’s strong growth continued in 2023 – turnover reached €195 million, balance sheet grew to €3.6 billion

Written by Customer Service on February 9, 2024. Posted in Earnings Releases And Operating Results.

Tornator Oyj Financial statements release 9 February 2024 at 8 am Tornator’s strong growth continued in 2023 – turnover reached €195 million, balance sheet grew to €3.6 billion SUMMARY 1 JAN–31 DEC 2023 Turnover increased to €194.9 million (+18.4%). High demand pushed up the selling price of wood. The fair value of the group’s forest assets increased to €3.5 billion (€3.1 billion). Operating profit at fair value was €442.9 million (€572.0 million) and net profit was €340.6 million (€541.9 million). Equity rose to €2.2 billion, and return on equity at fair value was 16.5%. Adjusted operating profit amounted to €141.8 million (€130.2 million), and the adjusted net profit stood at €96.7 million (€94.8 million). The equity ratio remained strong at 60.1% (60.4%). The...

Lassila & Tikanoja plc: Financial Statements Release 1 January–31 December 2023

Written by Customer Service on February 9, 2024. Posted in Earnings Releases And Operating Results.

Lassila & Tikanoja plc Stock exchange release 9 February 2024 at 8:00 a.m. Lassila & Tikanoja plc: Financial Statements Release 1 January–31 December 2023 EFFICIENCY MEASURES IMPROVED PROFITABILITY IN FACILITY SERVICES FINLAND, PROFITABILITY DECREASED IN ENVIRONMENTAL SERVICES Unless otherwise mentioned, the figures in brackets refer to the corresponding period in the previous year.Net sales for the final quarter were EUR 200.9 million (210.1). Net sales decreased by 4.4%. Adjusted operating profit for the final quarter was EUR 7.2 million (9.6) and operating profit was EUR 6.7 million (12.9). The operating profit for the comparison period was improved by a gain of EUR 4.3 million from the sale of the renewable energy sources business. Earnings per share were EUR 0.14 (0.29). Net sales for 2023 amounted to EUR 802.1 million...

Hexatronic Group AB (publ) Year-end report January – December 2023

Written by Customer Service on February 9, 2024. Posted in Earnings Releases And Operating Results.

Hexatronic Group AB (publ)Year-end report January – December 2023 Strong operating cash flow and continued growth in new areas Fourth quarter (October 1 – December 31, 2023)Net sales increased by 4 percent to MSEK 1,861 (1,795). Sales decreased organically by -23 percent. EBITA decreased by 45 percent to MSEK 170 (310), corresponding to an EBITA margin of 9.1 percent (17.3). Adjusted EBITA margin of 10.7 percent (adjusted for restructuring costs of MSEK 29). Operating profit (EBIT) decreased by 52 percent to MSEK 138 (291), corresponding to an operating margin of 7.4 percent (16.2). Net profit decreased by 12 percent to MSEK 191 (218). Earnings per share after dilution amounted to SEK 0.94 (1.06). Leverage ratio (net debt/EBITDA (pro forma), R12) amounted to 1.7x (1.3x). Cash flow from operating activities amounted to MSEK 462 (292).Significant...

KBC Securities Initiates Research Coverage of ONWARD® Medical with a Buy Rating and Target Price of EUR 10.00 Per Share

Written by Customer Service on February 9, 2024. Posted in Public Companies.

EINDHOVEN, the Netherlands, Feb. 09, 2024 (GLOBE NEWSWIRE) — ONWARD Medical N.V. (Euronext: ONWD), the medical technology company creating innovative therapies to restore movement, function, and independence in people with spinal cord injury (SCI), today announced that KBC Securities, part of the KBC Group — a leading Belgian integrated bank-insurance group — has initiated research coverage of ONWARD Medical with a Buy rating and Target Price of EUR 10.00 per share. This is a premium of 161% to the closing price of EUR 3.83 on February 8, 2024. The initiation report was published February 8, 2024. KBC joins three other banks whose research analysts cover ONWARD Medical, all of which maintain Buy ratings and Target Prices at substantial premiums to the current share price. “KBC Securities’ initiation of coverage reflects...

DIH Announces $1.5 million Private Placement Financing from OrbiMed

Written by Customer Service on February 9, 2024. Posted in Public Companies.

NORWELL, Mass. and SAN FRANCISCO, Feb. 08, 2024 (GLOBE NEWSWIRE) — DIH Holding US, Inc. (Nasdaq: DHAI), a leading global robotics and virtual reality (“VR”) technology provider in the rehabilitation and human performance industry, today announced a private placement of common stock resulting in gross proceeds of $1.5 million. OrbiMed, an existing shareholder in DIH Technologies, was the sole participant in the financing. The securities purchase agreement for the financing provides for the sale of an aggregate of 150,000 shares of the Company’s common stock at a purchase price of $10 per share together with warrants to purchase an additional 300,000 shares of DIH Common Stock with an exercise price of $10. “We are thrilled to partner with OrbiMed, a long-term private investor in DIH, in advance of our initial trading day as a public...

CCSC Technology International Holdings Limited Announces Full Exercise of Over-Allotment Option

Written by Customer Service on February 9, 2024. Posted in Public Companies.

Hong Kong, Feb. 08, 2024 (GLOBE NEWSWIRE) — CCSC Technology International Holdings Limited (the “Company” or “CCSC”) (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced the underwriters of its initial public offering (the “Offering”) have exercised their over-allotment option in full to purchase an additional 206,250 ordinary shares at the public offering price of US$4.00 per share. After giving effect to the full exercise of the over-allotment option, the Company sold an aggregate 1,581,250 ordinary shares for gross proceeds of US$6.325 million, before deducting underwriter discounts and other related expenses. The ordinary shares began trading on the Nasdaq Capital Market on January 18,...

Decentral Life and Outdoorsmen.com Announce Launch of AI Powered ERP SaaS

Written by Customer Service on February 9, 2024. Posted in Public Companies.

Outdoorsmen’s ERP with built in AI, Automation and Cloud Access, by Decentral Life, Inc. GREENWOOD VILLAGE, COLORADO, Feb. 08, 2024 (GLOBE NEWSWIRE) — Decentral Life, Inc. (OTC: WDLF) announced today the official launch of an AI Powered ERP SaaS for its TBI company, Outdoorsmen.com, Inc. The New Enterprise Resource Planning (ERP) cloud-based software will first be used by the tradeshow operators and small businesses acquired by Outdoorsmen.com and will then be sold through a software as a service (SaaS) subscription to their business customers. Outdoorsmen.com is a Social Media and E-commerce Technology Company operating in the sporting goods industry, devoted to the hundreds of millions of consumers and business operators that contribute to an annual gross economic output of $1.1 tillion from the U.S. outdoor economy. The...

Alaska Energy Metals Announces Closing of $1 Million Special Warrant Offering

Written by Customer Service on February 9, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the closing of a non-brokered offering of 2,500,000 special warrants (the “Special Warrants”) issued at the price of $0.40 per Special Warrant for gross proceeds of $1,000,000 (the “Offering”). Each Special Warrant will automatically convert into one unit of the Company (each a “Unit”), as described below. Each Unit shall consist of one common share of the Company (a “Share”) and one-half of one common share purchase warrant (each full warrant, a “Warrant”). Each Warrant shall entitle the holder thereof to acquire one Share at a price of $0.80 per Share for a period of 24 months following the date of issue. Each Special Warrant will automatically convert, for...

The Keg Royalties Income Fund announces February 2024 cash distribution

Written by Customer Service on February 9, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its February 2024 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at February 21, 2024. The February 2024 distribution will be paid on February 29, 2024. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool. With approximately 10,000 employees, over 100 restaurants and annual system sales...

Metagenomi Announces Pricing of Initial Public Offering

Written by Customer Service on February 9, 2024. Posted in Public Companies.

EMERYVILLE, Calif., Feb. 08, 2024 (GLOBE NEWSWIRE) — Metagenomi, Inc. (Nasdaq: MGX) (“Metagenomi”), a precision genetic medicines company committed to developing curative therapeutics for patients using its proprietary, comprehensive metagenomics-derived gene editing toolbox, today announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a price to the public of $15.00 per share. The gross proceeds to Metagenomi from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $93,750,000. All of the shares are being offered by Metagenomi. In addition, Metagenomi has granted the underwriters a 30-day option to buy an additional 937,500 shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The...

Day: February 9, 2024

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