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Month: March 2024

Tryg A/S will publish Q1 results 2024 and hosts a conference call on 17 April 2024

Tryg will publish the Group’s Q1 results for 2024 on 17 April 2024 at around 7:30 CET. Conference call Tryg will host a conference call on the day of the release at 10:00 CET. CEO Johan Kirstein Brammer, CFO Allan Kragh Thaysen and CTO Mikael Kärrsten will present the results in brief, followed by a Q&A session. The conference call will be held in English.Date 17 April 2024Time 10:00 CET  Dial-in numbers     Pin code +45 (DK) 78 76 84 90 +44 (UK) 203 769 6819 +1 (US) 646 787 0157 560768You can sign up for an e-mail reminder on tryg.com. The conference call will also be broadcasted on this site. An on-demand version will be available shortly after the conference call has ended. All Q1 material can be downloaded on tryg.com shortly after the time of release.AttachmentTryg_release of Q1 results 2024 and...

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ArcelorMittal publishes revised analyst model per new segmental reporting

27 March 2024, 10:30 CET As announced with ArcelorMittal’s (‘the Company’) fourth quarter 2023 financial results, the Company has amended its presentation of reportable segments and EBITDA. The changes, applied from January 1, 2024, are as follows:EBITDA is defined as operating result plus depreciation, impairment items and exceptional items and result from associates, joint ventures and other investments (excluding impairments and exceptional items if any); The NAFTA segment has been renamed “North America”, a core growth region for the Company; ‘India and JVs’ is now reported separately as a segment, reflecting the share of net income of AMNS India, VAMA and AMNS Calvert as well as the other associates, joint ventures and other investments. India is a high growth vector of the Company, with our assets well-positioned...

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Press release: Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on some of its outstanding hybrid notes

Press releaseParis, 27 March 2024 NOT FOR DISTRIBUTION IN THE UNITED STATES OF AMERICA Orange intends to issue a new series of Euro-denominated hybrid notes and to launch a tender offer on some of its outstanding hybrid notes Orange S.A. (the Company) is today announcing its intention to issue Euro denominated undated deeply subordinated fixed to reset rate notes with a first call date as of 15 December 2030 (the New Notes). The pricing of the New Notes is expected to be announced later today. The New Notes are intended to be admitted to trading on Euronext Paris. It is also expected that the rating agencies will assign the New Notes a rating of BBB-/Baa3/BBB- (S&P / Moody’s / Fitch) and an equity content of 50%. The Company is also launching a tender offer (the Tender Offer) to repurchase:its €1 billion Undated 6 Year Non-Call...

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LVMH: AVAILABILITY OF THE 2023 UNIVERSAL REGISTRATION DOCUMENT

Paris, March 27th, 2024 LVMH Moët Hennessy Louis Vuitton announces the availability of its 2023 Universal Registration Document (URD), in accordance with applicable regulations. The French version of this document was filed with the “Autorité des marchés financiers” (AMF) on March 26th, 2024 in ESEF format (European Single Electronic Format) under the reference D.24-0182. The English translation of this document may be consulted on the Company’s website www.lvmh.com (under Investors / Investors and Analysts / Publications). It is equally available on the AMF website: www.amf-france.org. This document includes in particular: – the 2023 annual financial report;– the report of the Board of Directors on corporate governance;– the Statutory Auditors’ reports;– the statement of Auditors’ fees;– the description of...

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Renault Group to sell to Nissan up to 100,242,900 Nissan shares representing approximately 2.5% of Nissan capital

Press Release March 27, 2024  Renault Group to sell to Nissan up to 100,242,900 Nissan shares representing approximately 2.5% of Nissan capital Boulogne-Billancourt, March 27, 2024 After a first sale of Nissan shares on December 13, 2023, Renault Group announces a second transaction with the intention to sell to Nissan up to 100,242,900 Nissan shares, representing approximately 2.5% of Nissan capital. This sale of approximately 2.5% of Nissan capital results from the exercise by Nissan of its right of first offer to acquire 100,242,900 Nissan shares following a notice from Renault Group expressing its intention to sell 280,690,000 Nissan shares (representing up to 7% of Nissan capital). Pursuant to the New Alliance Agreement, Renault Group has the option to sell the remainder of the 180,447,100 Nissan shares that have...

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Nasdaq Study Shows Structural Reform Needed to Unlock Global Carbon Markets

Price transparency, market inefficiencies, and fragmentation remain critical structural barriers to scale Carbon credit registry reform is the most important facilitator of growth NEW YORK, March 27, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) today published the results of a global survey examining the voluntary carbon market (VCM) ecosystem, with responses from over 130 decision-makers across project owners, financial investors, commercial banks, brokers, and market operators, produced in partnership with the ValueExchange. The survey reveals that the market for voluntary carbon credits is growing and attracting more diverse participants, but price transparency, market inefficiencies and fragmentation are preventing scale. Carbon credit registries are seen as having the power to address many of these challenges and unlock the...

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Endeavour Reports Strong FY-2023 Results

ENDEAVOUR REPORTS STRONG FY-2023 RESULTSProduction of 1.1Moz at AISC of $967/oz • Adj. EBITDA of $1.0bn • Shareholder returns of $266mOPERATIONAL AND FINANCIAL HIGHLIGHTS (for continuing operations)Q4-2023 production of 280koz at an industry-low AISC of $947/oz; totalling 1,072koz at an AISC of $967/oz for FY-202311th consecutive year of achieving or beating production guidance at an industry-leading AISCAdjusted EBITDA of $292m for Q4-2023 and $1,047m for FY-2023Adjusted Net Earnings of $42m (or $0.17/sh) for Q4-2023 and $230m (or $0.93/sh) for FY-2023Operating Cash Flow before changes in WC of $246m (or $1.00/sh) for Q4-2023 and $746m (or $3.02/sh) for FY-2023Healthy financial position with net debt of $555m and leverage of 0.50x Net Debt / Adj. EBITDA (LTM) despite investing $548m in organic...

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Zscaler Finds Enterprise Use of AI/ML Tools Skyrocketed Nearly 600% Over the Last Year, Putting Enterprises at Risk

Zscaler 2024 AI Report2024 AI ReportThreatLabz AI Report Reveals Enterprises Sharing 569 TB of Data to AI Tools, Stressing the Need for Better Data SecurityEnterprise AI/ML transactions increased from 521 million monthly in April 2023 to 3.1 billion monthly by January 2024. Manufacturing generates the most AI traffic, totaling 21% of all AI transactions in the Zscaler security cloud, followed by Finance and Insurance (20%) and Services (17%). The most popular AI/ML applications for enterprises by transaction volume are ChatGPT, Drift, OpenAI, Writer, and LivePerson. The top five countries generating the most enterprise AI transactions are the US, India, the UK, Australia, and Japan.SAN JOSE, Calif., March 27, 2024 (GLOBE NEWSWIRE) — Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the release...

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Sosei Heptares Confirms Re-election of its Board and Executive Management Team and the Approval of Change of Company Name to Nxera Pharma

Tokyo, Japan and Cambridge, UK, 27 March 2024 – Sosei Group Corporation (“the Company”; TSE: 4565) announces that the re-election of its Board of Directors and Executive Officers was approved at the Company’s 34th Annual Shareholders’ Meeting and a subsequent Board of Directors meeting, held today in Tokyo. In addition, the “Partial Amendment to the Articles of Incorporation (Change of Corporate Name)” was approved at the Annual Shareholder’s Meeting. With this approval, the Company will change its name to Nxera Pharma Co., Ltd. with effect from 1 April 2024. Shinichi Tamura, Chairman of Sosei Heptares, said: “2023 was a transformational year for Sosei Group enabling us to accelerate our development going forward as an integrated, technology powered, commercial-stage biopharmaceutical company focused on applying cutting-edge science to...

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