Month: February 2024

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR  Q4 2023: Sales decreased by 10 % organically in local currency1 to CHF 1.062 billion against a strong comparable in Q4 2022; sequential sales increase of 4 % in local currency driven by volume growth Q4 2023: EBITDA margin of 10.0 % impacted by provisions related to sunliquid® decision and restructuring; underlying EBITDA margin before exceptional items of 14.9 % FY 2023: Sales decreased by 7 % organically in local currency to CHF 4.377 billion due to lower volumes despite maintaining stable pricing; EBITDA margin of 13.9 %, and 14.6 % before exceptional items FY 2023: Resilient free cash flow of CHF 216 million, resulting in a 36 % free cash flow conversion rate FY 2023: Distribution of CHF 0.42 per share proposed to AGM on 9 April 2024 Outlook 2024: In a continued challenging macroeconomic...

Oslo, 29 February 2024: Vow ASA (OSE: VOW) yesterday published the report for the full year and second half of 2023. Today, on Thursday, 29 February at 09:00 CET, CEO Henrik Badin and CFO Tina Tønnessen will present and comment the results. The presentation material is attached to this release. The session will be held at Haakon VII’s gate 2, 0161 Oslo. Participants are welcome to join in person or via livestream. The streaming link will also be available for replay after the event. The session will be held in English. To register and join the webcast, please paste the following link into your browser, click ‘Attend’ and register your e-mail: https://channel.royalcast.com/landingpage/vowasa/20240229_1/For more information, please contact: Henrik Badin, CEO, Vow ASATel: +47 90 78 98 25Email: henrik.badin@vowasa.com Tina...

All full year 2023 targets achieved despite market headwinds and higher share-based compensation Full year 2023 EU51 markets revenue growth of 14% and Group EBITDA of €651m up 19% yoy Continued successful execution of strategy in 2023, with eCG acquisition synergy target of €130m achieved, new vertical organisation2 live from 1 January 2024, platform convergence on track and strong focus on operational excellence Strong EU5 revenue growth in Q4 2023: +12% yoy Q4 2023 Group EBITDA at €159m, up 10% yoy and margin of 33.7% Long-term ambition for EU5 markets confirmed: 2023-2026 annual revenue growth between 11% – 15%; 2026 EBITDA margin between 40% – 45%Oslo, 29 February 2024 – Adevinta ASA (ADE) (“Adevinta” or “the Company”) today reported a strong 2023 financial performance, delivering on all its financial...

Dear shareholder, Dear Madam, Dear Sir,Ackermans & van Haaren realised a net profit of 399.2 million euros, thanks to a record performance of its core participations. Growth of equity per share of 9.6% over 2023 and 9.8% compounded over the last 10 years. Increase of the dividend per share to 3.40 euros, +9.7% compared to last year.“With these strong results, AvH delivers on its guidance and shows once again the merits of its long-term vision and diversified portfolio in a challenging environment. Both our private banks and DEME have realised record results thanks to their leading market positions and strong operational capabilities. The positive effects of the higher interest environment for the banks compensate somewhat the more challenging market context for real estate and contracting. Similarly, our 155 MW beneficial offshore...

In 2023, Inbank earned a consolidated net profit of 10.2 million euros. The return on equity in 2023 was 9%.The consolidated net profit for 2023 increased by 5% year-on-year to 10.2 million euros excluding the extraordinary profit of 11.4 million euros from the sale of Inbank’s 29.8% stake in Maksekeskus AS in 2022. Inbank’s loan and rental portfolio reached 1.03 billion euros increasing 26% year-on-year while the deposit portfolio grew 30% and reached 1.08 billion euros at year end. At the end of 2023, Inbank’s total assets stood at 1.3 billion euros growing 29% year-on-year. The total net income for 2023 was 60.2 million euros increasing by 17% year-on-year and operating expenses increased by 22% to 36.9 million euros. In 2023, sales volumes grew in all markets and product groups. The Gross Merchandise Value (GMV) for 2023 was 688...

FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended December 31, 2023: HighlightsProfit of $118.4 million, or $0.53 per share for the fourth quarter of 2023. Adjusted profit of $102.2 million, or $0.46 per share for the fourth quarter of 2023. Declared a cash dividend of $0.37 per share for the fourth quarter of 2023. Reported revenues of $415.0 million for the fourth quarter of 2023. Took delivery of 11 VLCCs from Euronav NV (“Euronav”) as part of the acquisition of 24 VLCCs (“the Acquisition”) in the fourth quarter of 2023 and delivery of a further 12 vessels in January 2024 with the last VLCC expected to be delivered within the first quarter of 2024. Entered into agreements to sell its five...

xxFULL YEAR RESULTS 2023February 29, 2024Sustained demand translating into improved operating margin at 5.7% Group’s equity restoredGroup capacity at 93% compared to 2019 with load factor at 87% Group revenues at €30.0bn, up 14% compared to last year Operating result at €1.7bn with an operating margin at 5.7%, up +1.2pt compared to last year Net income at €0.9bn driving a return in positive equity at €0.5bn for the first time since 2019 Net debt down by €1.3bn, compared to end of 2022 leading to a Net debt/EBITDA ratio of 1.2x; Cash at hand at €10.5bn 2 inaugural credit ratings highlighting the Group’s ongoing transformation and an improved financial structureCommenting on the results, Mr. Benjamin Smith, Group CEO, said: “In 2023, we delivered on our commitment to strong operational and financial performance, while...

ATHENS, Greece, Feb. 29, 2024 (GLOBE NEWSWIRE) — Okeanis Eco Tankers Corp. (“OET” or “Company”) (NYSE:ECO / OSE:OET) today reported unaudited condensed financial statements for the fourth quarter and twelve month period of 2023, which are attached to this press release. Selected Q4 2023 and Recent Highlights:Time charter equivalent (“TCE”, a non-IFRS measure*) revenue and Adjusted EBITDA (a non-IFRS measure*) of $58.4 million and $44.2 million, respectively. Adjusted profit and Adjusted earnings per share (non-IFRS measures*) for the period of $20.4 million or $0.63 per basic & diluted share. Fleetwide daily TCE rate of $45,400 per operating day; VLCC and Suezmax TCE rates of $45,200 and $45,600 per operating day, respectively. Daily vessel operating expenses (“opex”, a non-IFRS measure*) of $9,105 per calendar...