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Month: May 2024

PARROT: 2024 FIRST-QUARTER BUSINESS

        PRESS RELEASE        May 16, 2024 – 8:00am CET 2024 FIRST-QUARTER BUSINESS Consolidated revenues of €15.8m Positive commercial trends for professional microdrones The Parrot group, a European leader for professional microdrones, recorded €15.8m of consolidated revenues for the first quarter of 2024, down 5% (same at constant exchange rates). Commercial trends are positive for professional microdrones (+4%) and the Photogrammetry business is looking ahead to the impact of the innovations launched in April (-11%). The good level of the gross margin and the strict control over costs kept operating expenditure at a level that is aligned with the Group’s ambitions for development.REVENUES €m and % of revenues Q1 20243 months Q1 20233 months Change FY 2023 12 monthsA Professional microdrones Of which, legacy products 9.30.0 59% 9.40.5 57% -1% 33.21.2 51%C Photogrammetry 6.4 41% 7.2 43% -11% 31.8 49%D Parrot...

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Weak first quarter

Large reductions in inventories at distributors, continued high interest rates and unusually low level of housing production – gradual improvement in demand expected in the second half of the year.   Sales decreased by 18.5% to SEK 9,494 (11,646) million  Adjusted operating profit amounted to SEK 516 (1,755) million  Adjusted profit after net financial items amounted to SEK 184 (1,654) million  Earnings per share adjusted for items affecting comparability amounted to SEK 0.02 (0.63)  Review of total costs as a result of weak demand in the European heat pump market at the beginning of 2024 – action plan underway”Demand remained weak in the first three months of 2024 due to an unfortunate combination of a number of adverse factors. Consequently, we are currently in the process of implementing the action plan initiated on February 16...

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IDEX Biometrics interim report for the first quarter of 2024

Oslo, Norway – 16 May 2024 – IDEX Biometrics ASA’s interim report for the first quarter of 2024 is attached to this notice (link below) The interim report is also available on the IDEX Biometrics website: www.idexbiometrics.com/investors/interim-results/ A webcast presentation of the interim report will be held by Vince Graziani, Chief Executive Officer, today at 09:00 CET. The webcast presentation slide deck is attached to this notice (link below). Last year we focused on laying the foundation for biometric smart cards at scale, advancing our position as a full solution company with the introduction of IDEX Pay and IDEX Access, based on our scalable biometric platform. This quarter, while we continue to engage with new potential customers, our primary focus has been to support our pipeline of committed customers worldwide as they...

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MT Højgaard Holding A/S: Continued profitable growth in a slowing market

FINANCIAL RESULTS: FIRST QUARTER OF 2024 The Danish activities continued to generate profitable growth in a slowing market in the first quarter. The winding up of the international activities progressed according to plan but weighed on the Group’s overall financial performance due to losses in Greenland. MT Højgaard Holding retains its full-year forecast for 2024.Consolidated revenue increased by 6% to DKK 2.3 billion, driven by developments in MT Højgaard Danmark. Operating profit (EBIT) increased by 69% to DKK 94 million, corresponding to an EBIT margin increase from 2.6% to 4.1%. Cash flows from operating activities were an outflow of DKK 45 million, against an inflow of DKK 44 million last year, due to losses in discontinued operations, working capital changes and payment of income tax. The Group reduced its net interest-bearing...

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cBrain wins the Tax Governance Top Rating 2024 for mid cap companies

  Press Release no. 05/2024 cBrain wins the Tax Governance Top Rating 2024 for mid cap companies   Copenhagen, May 16, 2024   With 12 points out of a possible 14, cBrain (NASDAQ: CBRAIN) came top of the list in this year’s Tax Governance Rating for mid-cap companies as compiled by “Økonomisk Ugebrev”. cBrain is the only mid-cap company that publishes a complete list of the tax incentives that the company uses and it is the only mid-cap company that provides information about the company’s total tax footprint. At cBrain we want to be open and transparent about how we conduct ourselves .and see this as good business practice given our public sector clients. Public authorities not only want to buy the best product for the price but also want to do business with suppliers who conduct themselves in a socially responsible way. In...

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Vallourec First Quarter 2024 Results

Meudon (France), May 16th, 2024 Vallourec, a world leader in premium tubular solutions, announces today its results for the first quarter 2024. The Board of Directors of Vallourec SA, meeting on May 15th 2024, approved the Group’s first quarter 2024 Consolidated Financial Statements. First Quarter 2024 ResultsCash generation capability of New Vallourec on display with sixth straight quarter of deleveraging International OCTG pricing remains strong due to robust demand pipeline across multiple geographic regions Market demand remains stable in the US; industry inventories have normalized Expect to reduce net debt further in the second quarter Target initiation of capital returns to shareholders in 2025 at the latestaHIGHLIGHTS First Quarter 2024 ResultsEffects of New Vallourec plan and Value over Volume strategy on display:Tubes...

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TCM Group A/S: Interim report Q1 2024

COMPANY ANNOUNCEMENT No. 191/2024         Tvis, 16 May 2024 Interim report Q1 2024 (January 1 – March 31) (All figures in brackets refer to the corresponding period in 2023 – AUBO Production A/S is incl.in the figures as from 3 July 2023) Continued B2C recovery in Q1 under challenging market conditions. CEO Torben Paulin:“Sales in the quarter developed in line with our expectations, with the order-intake in the B2C market in Denmark continuing to improve across most of our brands. B2B sales, as expected, continued to contract primarily within project sales. Revenue in Q1, was DKK 293 million compared to DKK 264 million in Q1 last year. Underlying organic like-for-like sales declined by 12% in the quarter. Sales in Norway, which accounted for 20% of the Groups revenue, were negatively impacted by the slowdown in the B2B market which...

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Multitude SE with continued strong growth at the start of 2024: EBIT increases by 31 percent to EUR 11.6 million

Multitude SE with continued strong growth at the start of 2024: EBIT increases by 31 percent to EUR 11.6 million Key takeaways:Significant EBIT growth of 31.0% to EUR 11.6 million compared to the same period of the previous year Revenue increases by 18.3% to EUR 64.2 million Consolidated net profit increases by 13.0% to EUR 2.6 million, EPS by 48.8% to EUR 0.07 Multitude SE strengthens market position with the acquisition of Omniveta’s business On track to achieve EBIT forecast of EUR 67.5 million in 2024Helsinki, 16 May 2024 – Multitude SE, a listed European FinTech company, offering digital lending and online banking services to consumers, small and medium-sized businesses, and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude”, “Company” or “Group”) has published its quarterly figures for Q1 2024, which show...

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High Arctic Announces 2024 First Quarter Results

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, May 15, 2024 (GLOBE NEWSWIRE) — High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ first quarter financial and operating results. The unaudited consolidated financial statements, management discussion & analysis (“MD&A”), for the quarter ended March 31, 2024 will be available on SEDAR+ at www.sedarplus.ca, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated. Intention to Return Capital and ReorganizeOn May 11, 2024 the Corporation announced the Annual General and Special Meeting of Shareholders to be...

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Vastned Retail and Vastned Belgium announce intention to merge

• Vastned Retail and Vastned Belgium intend to merge Vastned Retail into Vastned Belgium, to be named “Vastned” • The Merger aims to generate value for Vastned and its stakeholders, including:    o Simplification of organizational and governance structure, while continuing current successful strategy;    o Expected future recurring annual operational cost synergies of approx. EUR 2.0 – 2.5 million;    o Optimized debt financing;    o Increased free float and liquidity;    o One single listed platform under Belgium’s REIT regime;    o More portfolio diversification;    o Future ability to pursue accretive growth • One listed organization with trading on Euronext Brussels and Euronext Amsterdam, with an expected increase in free float and liquidity for shareholders and a more interesting profile for equity analyst coverage • Vastned...

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