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Month: April 2024

Lotus Technology Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Lotus Tech recorded revenue of $679 million in 2023, driven by growing sales of lifestyle BEVs and sports cars Achieved gross profit margin of 15% in first year of BEV deliveries, with scaling of asset-light production Expanded its global footprint to 215 stores, with new flagship locations in Paris, London, and Seoul Expects to achieve about threefold increase in deliveries in 2024 amid steady market expansionNEW YORK, April 08, 2024 (GLOBE NEWSWIRE) — Lotus Technology Inc. (“Lotus Tech” or the “Company”), a leading global luxury electric vehicle maker, today announced its unaudited financial results for the fourth quarter and the year ended December 31, 2023. The results reflect steady progress in the Company’s execution of its Vision80 strategy to become an all-electric, intelligent and luxury mobility provider before Lotus’s...

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Ducommun Incorporated Confirms Receipt of Unsolicited, Non-Binding Indication of Interest From Albion River

SANTA ANA, Calif., April 08, 2024 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic systems and structural solutions for the aerospace and defense industry, today confirmed that the Company’s Board of Directors has received an unsolicited non-binding indication of interest from Albion River LLC, a private direct investment firm, to acquire all outstanding shares of Ducommun for $60.00 per share in cash. Consistent with its fiduciary duties and in consultation with its legal and financial advisors, the Board of Directors will carefully review and consider the proposal to determine if it is in the best interest of the Company and Ducommun’s shareholders. The Company’s shareholders do not need to take any action at this time and the Board has made no decision...

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Share-based legacy RSU program granted

Share-based legacy RSU program granted Novonesis’ Board of Directors has following the merger with Chr. Hansen Holding A/S (“Chr. Hansen”) today approved the continuation in 2024 of a legacy Chr. Hansen annual short-term incentive program comprising of up to 125,000 restricted share units (RSUs) for around 130 legacy Chr. Hansen key employees below the Executive Management level. Receipt of the RSUs is subject to specified KPIs and criteria supporting performance and retention. The KPIs include personal targets and financial performance indicators (such as: sales revenue, adjusted EBITDA margin, and net working capital in % of sales). Upon grant the RSUs will vest after a period of two (2) years after which participants may receive one (1) Novonesis B share per RSU. The value of the program is up to €6.7m.Attachment...

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Himax Technologies, Inc. Schedules First Quarter 2024 Financial Results Conference Call on Thursday, May 9, 2024 at 8:00 AM EDT

TAINAN, Taiwan, April 08, 2024 (GLOBE NEWSWIRE) — Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced that it will hold a conference call with investors and analysts on Thursday, May 9, 2024 at 8:00 a.m. US Eastern Daylight Time and 8:00 p.m. Taiwan Time to discuss the Company’s first quarter financial results.HIMAX TECHNOLOGIES FIRST QUARTER 2024 EARNINGS CONFERENCE CALLDATE: Thursday, May 9, 2024TIME: U.S.      8:00 a.m. EDT  Taiwan 8:00 p.m.WEBCAST https://edge.media-server.com/mmc/p/hakp2tpz PHONE REGISTRATION: https://register.vevent.com/register/BIdf3f4197e2b24872ac2c40689e06cff5    If you choose to attend by phone, you need to register first to obtain dial-in numbers...

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Ambarella’s Latest 5nm AI SoC Family Runs Vision-Language Models and AI-Based Image Processing With Industry’s Lowest Power Consumption

CV75S SoCs Add CVflow® 3.0 AI Engine, USB 3.2 Connectivity and Dual Arm® A76 CPUs for Significantly Higher Performance in Security Cameras, Video Conferencing and Robotics SANTA CLARA, Calif., April 08, 2024 (GLOBE NEWSWIRE) — Ambarella, Inc. (NASDAQ: AMBA), an edge AI semiconductor company, today announced during the ISC West security expo, the continued expansion of its AI system-on-chip (SoC) portfolio with the 5nm CV75S family. These new SoCs provide the industry’s most power- and cost-efficient option for running the latest multi-modal vision-language models (VLMs) and vision-transformer networks. This efficiency makes these cutting-edge AI technologies feasible for a broad range of cost- and power-constrained devices within security cameras for enterprises, smart cities and retail; industrial robotics and access control;...

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Fortuna reports strong gold equivalent production of 112,543 ounces in the first quarter of 2024

VANCOUVER, British Columbia, April 08, 2024 (GLOBE NEWSWIRE) — Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports strong gold and gold equivalent production for the first quarter of 2024 from its five operating mines in West Africa and Latin America. Gold and silver production for the quarter was 89,678 ounces and 1.1 million ounces, respectively, or 112,543 gold equivalent ounces1, including lead and zinc by-products. Fortuna reiterates its 2024 annual production guidance range of 343 to 385 thousand ounces of gold and 4.0 to 4.7 million ounces of silver or between 457 and 497 thousand ounces of gold equivalent ounces2, including lead and zinc by-products (refer to Fortuna news release dated January 18, 2024). All amounts expressed in this news release are in US dollars unless otherwise stated. Q1 2024 highlights$40 million...

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Interim Report, January 1 – March 31, 2024

Net asset value on March 31, 2024, was SEK 166.8 bn, or SEK 386 per share. During the first quarter, net asset value increased by 11%, corresponding to SEK 38 per share.The total return for the period was 12% for the Class A shares, as well as for the Class C shares, compared with 8% for the Stockholm Stock Exchange’s total return index (SIXRX).During the first quarter, shares were purchased for a total of SEK 0.9 bn, of which SEK 0.3 bn in Sandvik, SEK 0.3 bn in Volvo and SEK 0.3 bn in SCA.  2024 2023 2023  March 31 March 31 Dec 31Net asset value, SEK mn 166,794 138,305 150,252Net asset value per share, SEK 386 320 348Share price Industrivärden C, SEK 368.10 279.20 328.30Debt-equities ratio 1% 4% 5%         2024 2023 2023SEK mn Jan – March Jan...

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Icelandair: Considerable increase on the via market, improved load factor and on-time performance

In March 2024, Icelandair transported 298 thousand passengers, which represents a 25% increase in passenger traffic as measured by Revenue Passenger Kilometers (RPK) on a capacity increase of 22% compared to March 2023. During the month, 39% of passengers were traveling to Iceland, 19% from Iceland, 34% were via passengers, and 8% were traveling within Iceland. Load factor was 83.1% and on-time performance was 88.5%, increasing by 4.7 ppt from the already solid performance in March 2023. Bogi Nils Bogason, Icelandair president and CEO: “We continue seeing strong traffic numbers, with 25% increase in passenger traffic as compared to March last year. The traffic figures are impacted by an unusually early Easter traffic. During the month, we saw 50% increase in the number of via passengers and 13% increase on the from market while the number...

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Juha Saarinen appointed to the Group Executive Board of Lassila & Tikanoja plc

Lassila & Tikanoja plc Stock exchange release 8 April 2024 at 11.45 a.m. Juha Saarinen appointed to the Group Executive Board of Lassila & Tikanoja plc Juha Saarinen (M.Sc. Tech) has been appointed as Chief Purchasing Officer of Lassila & Tikanoja and a member of the Group Executive Board effective 1 August 2024. Saarinen joins L&T from Kamux plc where he serves as Chief Purchasing Offiser. “I’m pleased to welcome Juha to our Group Executive Board to develop the purchasing operations of the Group. Juha’s extensive experience in leading change and developing supply chain operations will be a great addition to the execution of L&T’s strategy.” says Eero Hautaniemi, President and CEO of Lassila & Tikanoja. Saarinen has over 20 years of experience in leading and developing sourcing operations. In the past Saarinen...

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Auction of Treasury Bills on 10 April 2024

The treasury bills for sale have the following stock exchange codes:        Name Stock exchange code MaturityDGTB 03/06/2024 / II 98-19310 3 June 2024DGTB 03/09/2024 / III 98-19583 3 September 2024The sale will settle on 12 April 2024 at the stop-rate for each serie. In case of bid on stop-rate a pro-rata ratio may occur. The deadline for bidding is 10.15 on the day of the auction.

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