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Day: May 3, 2024

Good business dynamics

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Release                                                                                 Paris, May 3rd 2024Good business dynamics KEY FIGURES Q1-2024:Total revenue1 of 12.3 billion euros, up 5.2% Net inflows of +1,0 billion euros Property & casualty portfolio growth of 3.4% year-on-year“In the 1st quarter, Crédit Agricole Assurances achieved good results in France and abroad, driven by a growth dynamic in all its business lines. We are pleased to report that the measures taken in Italy and Luxembourg, in life insurance, have led to a significant activity improvement. The beginning of the year was also marked by the continued development of our societal project, which aims in particular at acting for the transition to a low-carbon economy, as illustrated by the launch of the first Article 9 Euro fund on the market, and by our...

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Netcompany – Interim report for the three months ended 31 March 2024

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Company announcement No. 18/2024                                                  3 May 2024 Results in line with expectations and underlying margin improvements Summary In Q1 2024, Netcompany grew revenue by 3.8% (constant 3.6%) to DKK 1,598.1m.Adjusted EBITDA increased by 2.1% (constant 3.4%) to DKK 247.1m in Q1 2024. Adjusted EBITDA margin was 15.5% in Q1 2024 (constant 15.7%) compared to 15.7% in Q1 2023.Average number of full-time employees increased by 295 FTEs from 7,513 in Q1 2023 to 7,808 in Q1 2024.Free cash flow was negative DKK 4.9m in Q1 2024 compared to DKK 141.6m in Q1 2023. Cash conversion ratio (tax normalised) was 67.2% in Q1 2024. Debt leverage was unchanged at 1.6x in Q1 2024. “We grew revenue by 3.6% and realised an EBITDA margin of 15.7% – both against a strong comparable and despite being negatively impacted by...

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Brunel Q1: strong performance in key verticals supports continued growth

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Amsterdam, 3 May 2024 – Brunel International N.V. (Brunel; BRNL), a global provider of flexible workforce solutions and expertise, today announced its first quarter (Q1) 2024 results. Key points Q1 2024Revenue of EUR 349.2 million, up 10% (up 13% organically) driven by the four global verticals renewable energy, conventional energy, mining and life science Revenue per working day in DACH region and NL up, despite continued challenging markets Recovery of perm market in renewable energy Australasia, Middle East & India and Rest of World continued strong growth Gross Profit of EUR 69.2 million, up 1% (up 6% organically) EBIT of EUR 14.3 million, down 9% (up 14% organically), due the impact of working daysJilko Andringa, CEO of Brunel International N.V.: “During the first quarter of this year, we continued our strong organic...

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Good start to the year driven by robust customer activity across the business and strong credit quality in uncertain environment. Net profit of DKK 5.6 billion for the first quarter of 2024

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Press release  Bernstorffsgade 40DK – 1577 København VTel. +45 45 14 00 00 3 May 2024Good start to the year driven by robust customer activity across the business and strong credit quality in uncertain environmentNet profit of DKK 5.6 billion for the first quarter of 2024 Carsten Egeriis, Chief Executive Officer, comments on the financial results: “In the first three months of the year, we saw macroeconomic uncertainty remaining high, not least because of the geopolitical landscape. It is still very much a mixed picture with many areas of the Nordic economies performing well, but we also see businesses facing headwinds, for example within construction. Unemployment remains low, and households are in the process of regaining their real income. For Danske Bank, the first quarter of 2024 was a continuation of our stable and satisfactory...

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Ayvens: Integration proceeding well and Q1 2024 financial results in line with plans

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Q1 2024 RESULTS Leasing contract and Services margins at EUR 706.6 million, up 30.6% vs. Q1 2023, driven by the consolidation of LeasePlan and up 16.0% vs. Q4 20231, on the back of stabilizing underlying margins2, materialization in P&L of synergies with LeasePlan and limited non-recurring items Used car sales (UCS) result per unit at EUR 1,6613 in Q1 2024 excluding the impacts of reduction in depreciation costs and Purchase Price Allocation (PPA), stable vs. Q4 2023 (EUR 1,706). UCS result per unit at EUR 626 including the impacts of reduction in depreciation costs and PPA Cost to income ratio4 at 67.7%, improving from 68.4% in Q4 2023Cost of risk5 at 25 bps vs. 19 bps in Q4 2023Net income (group share) at EUR 187.8 million, up from EUR 28.2m in Q4 2023, which was impacted by various non-recurring itemsReturn on Tangible Equity...

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Harvia’s Interim Report 1 January – 31 March 2024

Written by Customer Service on . Posted in Public Companies.

Harvia Plc, Interim report 3 May 2024 at 9.00 a.m. EESTHarvia Q1 2024: Strong profitability − good growth outside Europe This release is a summary of Harvia Plc’s Interim Report January–March 2024. The complete report is attached to this release as a pdf file. It is also available on Harvia’s website at https://harviagroup.com/. Highlights of the review period January–March 2024:Revenue increased by 2.3% to EUR 42.4 million (41.4). At comparable exchange rates, revenue increased by 2.7% to EUR 42.5 million. Organic revenue growth was 1.4%. Operating profit was EUR 9.9 million (9.2), making up 23.3% (22.2) of the revenue. Adjusted operating profit reached EUR 10.1 million (9.3), making up 23.8% (22.4) of the revenue. At comparable exchange rates, the adjusted operating profit was EUR 10.2 million (24.0% of the revenue). Operating free...

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Progress on ABN AMRO share buyback programme 26 April – 2 May 2024

Written by Customer Service on . Posted in Public Companies.

Progress on ABN AMRO share buyback programme 26 April – 2 May 2024 ABN AMRO reports the transaction details related to its EUR 500 million share buyback programme announced on 14 February 2024. During the week of 26 April 2024 up to and including 2 May 2024 a total of 2,400,000 shares and depositary receipts were repurchased at an average price of €15.25 for a total amount of €36,590,400. For detailed information on the daily repurchased shares and depositary receipts, individual share purchase transactions and weekly reports, see the ABN AMRO website at https://www.abnamro.com/en/investor-relations/information/share-buyback-programme. To date the total consideration for shares and depositary receipts repurchased amounts to €488,662,860 representing 97.73% of the overall share buyback programme.ABN AMRO Press Office pressrelations@nl.abnamro.com+31...

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Trading statement Q1 2024

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Novonesis realized 4% organic sales growth in line with expectations and maintains 2024 outlook. Ester Baiget, President & CEO: “I am pleased with the first quarter organic sales growth of 4% with growth in both Food & Health and Planetary Health. We are off to a good start in line with expectations and very well on track to deliver 5-7% organic sales growth for the full year with an adjusted EBITDA margin of around 35%. It’s highly comforting to see our new organization’s focus on both short and long-term deliverables and developments.” Pro forma sales performance¹ (organic sales growth calculation capped for hyperinflation countries)Against a strong comparable Novonesis realized 4% pro forma organic sales growth in Q1 2024. Volumes increased by around 2% and pricing also contributed around 2%. Pro forma sales in EUR amounted...

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Company announcement for the first quarter of 2024

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Company announcement for the first quarter of 2024 Kamilla Hammerich Skytte, CEO, comments on the first quarter of 2024: “In the first quarter of 2024, Realkredit Danmark recorded a stable result of DKK 1,005 million. The positive development in the top line was attributable to the rise in interest rate levels. Net profit for the period was down DKK 58 million because of an increase in model-based loan impairment charges. As expected, housing market activity was low early in the year as a consequence of the property tax reform, which meant that many housing trades had been brought forward to late 2023. Towards the end of the first quarter of 2024, however, we saw an increase in the number of housing trades. We expect to see moderate rises in general house prices across Denmark in 2024. A fair increase in salaries and the consequent recovery...

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