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Month: February 2024

OP Financial Group’s Financial Statements Bulletin for 1 January–31 December 2023: Operating profit EUR 2,050 million – Record amount of benefits for owner-customers

OP Financial GroupFinancial Statements Bulletin 1 January–31 December 2023Stock Exchange Release 7 February 2024 9.00 am EET OP Financial Group’s Financial Statements Bulletin for 1 January–31 December 2023: Operating profit EUR 2,050 million – Record amount of benefits for owner-customersOperating profit was EUR 2,050 million (1,120). Income from customer business, or net interest income, insurance service result and net commissions and fees, increased by 45% to EUR 3,860 million (2,666). Net interest income grew by 77% to EUR 2,871 million (1,618). Insurance service result decreased by 23.2% to EUR 81 million (106) and net commissions and fees by 3.7% to EUR 908 million (942). Impairment loss on receivables in the income statement was EUR 269 million (115), accounting for 0.26% (0.11) of the loan and guarantee portfolio. Investment...

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OP Corporate Bank plc’s Financial Statements Bulletin 1 January–31 December 2023

OP Corporate Bank plcFinancial Statements Bulletin 1 January–31 December 2023Stock Exchange Release 7 February 2024 at 9.00 am EET OP Corporate Bank plc’s Financial Statements Bulletin 1 January–31 December 2023OP Corporate Bank plc’s operating profit increased to EUR 329 million (265). Net interest income increased by 47% to EUR 582 million (396) and net commissions and fees by EU 54 million to EUR 73 million (19). Investment income fell by 56% to EUR 52 million (117). Impairment loss on receivables increased by EUR 77 million to EUR 96 million (18). Expected credit losses increased especially in respect of receivables concerning construction and property investment. Operating expenses increased by 11% to EUR 313 million (281). The cost/income ratio improved to 42% (50). In the year to December, the loan portfolio decreased by...

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DNA Plc’s Financial Statements Bulletin 2023: Total revenues exceed one billion – EBITDA and operating result also increase

DNA PLC STOCK EXCHANGE RELEASE 7 FEBRUARY 2024, 8:30 am EET Summary Unless otherwise stated, the comparison figures in brackets refer to the corresponding period in the previous year (reference period). Figures are unaudited. July–December 2023Total revenues grew by 8% and amounted to EUR 554 million (514). EBITDA increased by 12% and was EUR 201 million (180). The operating result increased by 36% and was EUR 107 million (79). Average revenue per user (ARPU)1):ARPU for mobile subscriptions increased by 6% and was EUR 18.6 (17.5). ARPU for fixed broadband grew by 3% and was EUR 16.7 (16.3). ARPU for TV subscriptions increased by 13% and was EUR 10.0 (8.9).January–December 2023Total revenues increased by 7% and amounted to EUR 1,067 million (997). EBITDA increased by 7% and was EUR 390 million (364). Operating result increased...

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Sanoma Corporation, Full-Year 2023 Result: Net sales growth and operational EBIT in 2023 driven by strong performance in Learning

Sanoma Corporation, Stock Exchange Release, 7 February 2024 at 8:30 EET Sanoma Corporation, Full-Year 2023 Result: Net sales growth and operational EBIT in 2023 driven by strong performance in Learning This release is a summary of Sanoma’s Full-Year 2023 Result. The complete report is attached to this release and is also available at www.sanoma.com/en/investors. Q4 2023The Group’s net sales decreased to EUR 253 million (2022: 260). In Learning, net sales were stable. In Media Finland, net sales declined mainly due to lower advertising and external printing sales. The Group’s organic net sales growth was -2% (2022: -3%). The Group’s operational EBIT excl. PPA decreased to EUR -27 million (2022: -2). In Learning, earnings were seasonally negative and declined due to normalised phasing between the third and fourth quarters compared to delayed...

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Pandora delivers 8% organic growth in 2023 – targeting 6-9% growth in 2024

FY 2023 highlightsThe Phoenix strategy is elevating Pandora as the leading accessible jewellery brand globally. Investments across the value chain drove solid growth in 2023 and pave the way for continued growth in 2024. Organic growth ended at +8% (previous guidance of “5-6%”), comprising of LFL (like-for-like) of +6% and network expansion of +4%. The gross margin strengthened further during 2023 and ended at 78.6%, up 230bp Y/Y. The EBIT margin remained solid at 25.0% (guidance of “around 25%”). EPS increased to a record-high DKK 55.5. Strong free cash flow saw cash conversion ending at 78% and leverage at 1.1x NIBD/EBITDA. Proposed dividend of DKK 18 per share and a new share buyback programme of DKK 4.0 billion to be completed no later than 31 January 2025.Q4 2023 highlightsContinued brand momentum drove solid trading across...

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Statkraft inaugurates the company’s largest wind farm outside Europe in Brazil

CEO OPening VSE wind complexCEO Christian Rynning-Tønnesen opening the Ventos de Santa Eugenia wind complex in BrazilVSE wind complexStatkraft’s new Ventos de Santa Eugenia wind complex in Bahia, Brazil(Florianópolis, Brazil/Oslo, Norway) Statkraft inaugurates the company’s largest wind farm outside Europe, the 519 MW Ventos de Santa Eugênia Wind Complex in Bahia, Brazil. It is among the first hybrid projects in Brazil once the planned solar farm of 163 MW is added to optimise energy production. “The successful development of the Ventos de Santa Eugênia Wind Complex in Bahia marks a milestone for Statkraft in Brazil and shows our commitment to contribute to the green energy transition in the country. It places Statkraft among the ten largest wind companies in the most important energy market in Latin America...

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Sanoma continues its long-term share-based incentive programme

Sanoma Corporation, Stock Exchange Release, 7 February 2024 at 8:40 EET Sanoma continues its long-term share-based incentive programme The Board of Directors of Sanoma Corporation has approved the continuation of the Group’s long-term share-based incentive programme for approx. 240 employees. Under the annual share-based long-term incentive programmes originally announced on 7 February 2013 and 7 February 2014, a new Performance Share Plan (PSP) 2024−2026 and Restricted Share Plan 2024−2026 are introduced. According to the Remuneration Policy adopted by the Annual General Meeting 2023, the performance period of the PSP may vary from one to three years. When approving the performance period and criteria of the annually commencing PSPs, the Board takes into account the recruitment and retention of key employees, the operating environment...

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Amundi: 2023 Q4 & Full-year Results

Amundi: 2023 Q4 & Full-year Results 2023: net income 1,2 rose to €1.2bn, inflows of +€26bn, o/w +€19bn in Q4Financial results up   High adjusted net income for1,2 2023: €1,224m, +3.9% /2022Cost control despite inflation, operational efficiency maintained at the highest levels Cost-income ratio of 53.2%2, still at the best level of the industryQ4: adjusted net income1,2 of €313m, +7.9% Q4/Q3 Dividend per share proposed to the Annual General Meeting: €4.10 per share, yield of 6.6%3     High net inflows thanks to a diversified business model   Assets: €2,037bn as of 31 December 2023, +7.0% over one year Full-year 2023 net inflows of +€26bnStrong net inflows in key areas of expertise tailored to market conditions: active bond management +€18bn4, treasury products +€19bn MLT assets5 stable throughout...

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Solid year and fourth quarter for Telenor

Telenor ended last year strongly with solid top-line growth and strong cash flow both in the fourth quarter and for the full year. “I am very pleased that we continue to deliver growth with new and better products to our customers, at the same time as customer surveys show that we have Norway’s best and fastest network,” says Sigve Brekke, CEO of Telenor. Service revenues for the full year 2023 ended up at NOK 62.5 billion, corresponding to an organic increase of 4.0 per cent compared to last year. EBITDA ended at NOK 34.6 billion, corresponding to organic growth of 2.8 per cent compared to the year before. Total free cash flow amounted to NOK 15 billion. Service revenues for the fourth quarter were NOK 16.1 billion, up 4.9 per cent compared with the same period last year. EBITDA ended at NOK 8.5 billion, corresponding...

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Euronet Reports Fourth Quarter and Full Year Financial Results

LEAWOOD, Kan., Feb. 07, 2024 (GLOBE NEWSWIRE) — Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports fourth quarter and full year 2023 financial results.  Euronet reports the following consolidated results for the fourth quarter 2023 compared with the same period of 2022:Revenues of $957.7 million, an 11% increase from $865.7 million (7% increase on a constant currency1 basis). Operating income of $97.4 million, a 23% increase from $79.1 million (22% increase on a constant currency basis). Adjusted operating income2 of $99.9 million, a 26% increase from $79.1 million (25% increase on a constant currency basis). Adjusted EBITDA3 of $147.6 million, a 16% increase from $127.0 million (14% increase on a constant currency basis). Net income...

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