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Day: July 25, 2024

TGS ASA – Extraordinary General Meeting Held

OSLO, NORWAY (25 July 2024) – An Extraordinary General Meeting of TGS ASA (“TGS” or the “Company”) was held on 25 July 2024. All resolutions proposed were approved by the shareholders. The minutes from the Extraordinary General Meeting are available on www.tgs.com. For more information, visit TGS.com (http://www.tgs.com), email generalmeeting@tgs.com, or contact: Bård Stenberg VP IR & Communication investor@tgs.com

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Constellium Prices Company’s Notes Offering

PARIS, July 25, 2024 (GLOBE NEWSWIRE) — Constellium SE (NYSE: CSTM) (“Constellium” or the “Company”) announced today that the Company has priced a private offering (the “Notes Offering”) of €300 million of euro denominated senior unsecured notes due 2032 (the “Euro Notes”) and $350 million of U.S. dollar denominated senior unsecured notes due 2032 (the “USD Notes” and together with the Euro Notes, the “Notes”). The Euro Notes will bear interest at a rate of 5.375% per annum and the USD Notes will bear interest at a rate of 6.375% per annum, subject to adjustments described below, payable semiannually in arrears. The Notes will be guaranteed on a senior unsecured basis by certain of the Company’s subsidiaries. The Notes Offering is expected to close on August 8, 2024, subject to customary closing conditions. The Company intends...

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Thomasville Bancshares, Inc. Announces Second Quarter 2024 Results

THOMASVILLE, Ga., July 25, 2024 (GLOBE NEWSWIRE) — Thomasville Bancshares, Inc. (OTC PINK: THVB), the parent company of Thomasville National Bank and TNB Financial Services, today announced financial results for the quarter ended June 30, 2024. Second Quarter 2024 HighlightsNet Income for the quarter of $10,206,006 compared to $8,846,207 for the same period last year, an increase of 15%.YTD Net Income of $19,563,994 compared to $17,695,392 for the same period in 2023, an increase of 10%.Earnings per share for the first six months were $3.10.YTD Return on Average Assets of 2.28% and Return on Average Tangible Equity of 25.06%.Total Assets of $1.765 billion, an increase of $185 million over the same period in 2023.Loans grew $137 million to $1.472 billion, a 10.3% increase year-over-year.Regulatory Capital was $166...

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Nexity 2024 Half-Year results

POSITIVE OPERATING PROFIT, IN LINE WITH OUR EXPECTATIONS SIGNIFICANT DELEVERAGING (€264M) GROUP TRANSFORMATION PLAN WELL UNDERWAY Business activity in the first half of 2024 Retail sales stable by volume (2,823 units) in a market that remains sharply lower (down 21%1) Ramp-up in urban regeneration:Strong growth of the Nexity Héritage brand: number of sales agreements tripled in H1 (>1,000 units) Carrefour partnership progressing according to schedule (10 building permit applications expected from Q3)Continued strong momentum in managed real estate: Revenue up 4%  Backlog: €4.9bn, equating to ~2 years’ revenue for Residential Real EstateImplementation of the roadmap: Transformation plan well underwayRefocusing: activating deleveraging levers (debt down €264m in H1)Sale of PMI2 finalised: sale proceeds of €400m, capital...

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EssilorLuxottica: Q2/H1 2024 Results – Sound revenue growth, margins expanding, two acquisitions in line with strategy

Q2/H1 2024 Results Sound revenue growth, margins expanding, two acquisitions in line with strategyRevenue growing by 5.2% in Q2 at constant exchange rates1, +5.3% in H1 EMEA as the driving region, North America keeping the pace of Q1 Stellest in China and Ray-Ban Meta wearables continuing to grow exponentially Adjusted2 operating profit margin at 18.8%, up 50bps at constant exchange rates1 Strong free cash flow5 generation, at Euro 971 million in H1 Acquisition of leading diagnostic med-tech platform Heidelberg Engineering and iconic Supreme brand (announced on July 17)Paris, France (July 25, 2024 – 6:00 pm) – The Board of Directors of EssilorLuxottica met on July 25, 2024 to approve the condensed consolidated interim financial statements for the six months ended June 30, 2024. The Statutory Auditors have performed a limited...

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Valeo H1 2024 Results

PARISJuly 25, 2024 In first-half 2024, Valeo continued to improve its profitability, with an operating margin of 4.0% and free cash flow of 121 million euros, in line with its full-year 2024 objectives      In the first half of 2024, Valeo reaffirmed its margin and free cash flow objectives thanks to rigorous management of its activities, in particular through cost reduction measures. The Group’s results for first-half 2024 are as follows:Sales of 11,117 million euros, up 1 % on a like-for-like basis Operating margin up 23% to 445 million euros, representing 4.0% of sales (up 0.8 percentage points year on year) EBITDA margin at 12.4% of sales (up 0.8 percentage points year on year) Free cash flow of 121 million euros, up 277 million euros on first-half 2023, notably thanks to a sustained 290 million euro reduction in...

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LECTRA: Second Quarter and First Half 2024 financial report available

Second Quarter and First Half 2024 financial report available Paris, July 25, 2024 – Lectra informs its shareholders, in compliance with Article 221-4-IV of the General Regulation of the Autorité des marchés financiers, that the Management Discussion and Analysis of Financial Condition and Results of Operations for the Second Quarter and First Half of 2024 is available on the company’s website: www.lectra.com It is also available, upon request, at the company’s headquarters 16-18 rue Chalgrin, 75016 Paris (email: investor.relations@lectra.com ). Copy of this document was filed with the AMF. About Lectra: As a major player in the fashion, automotive and furniture markets, Lectra contributes to the Industry 4.0 revolution with boldness and passion by providing best-in-class technologies. The Group offers industrial intelligence...

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LECTRA: First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives.

First half 2024: increased revenues and EBITDA, due to improved Group’s fundamentals and the integration of Launchmetrics. Confirmation of 2024 objectives.Revenues: 262.3 million euros (+9%)* EBITDA before non-recurring items: 42.2 million euros (+20%)*        *At actual exchange rates     In millions of euros April 1 – June 30 January 1 – June 30  2024(1) 2023 2024(1) 2023Revenues 132.7 115.9 262.3 239.6Change at actual exchange rates (in %) 15%   9%  EBITDA before non-recurring items(2) 21.2 15.6 42.2 35.3Change at actual exchange rates (in %) 36%   20%  EBITDA margin before non-recurring items (in % of revenues) 15.9% 13.4% 16.1% 14.7%Income from operations before non-recurring items 10.4 8.2 21.7 20.3Change at actual exchange rates (in %) 28%   7%  Net income(3) 4.4 6.6 11.1 13.9Free cash...

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Hermès International: 2024 Half-year Results

                                         Half-year information report as at the end of June 2024 Robust sales and results in the first halfRevenue amounted to €7.5 billion(Revenue increased by 15% at constant rates and by 12% at current rates) Recurring operating income reached €3.1 billion (i.e. 42% of sales) Paris, 25 July 2024 The group’s consolidated revenue in the first half of 2024 amounted to €7.5 billion, up 15% at constant exchange rates and 12% at current exchange rates compared to the same period in 2023. All the geographical areas recorded double-digit growth. Recurring operating income was €3.1 billion (42% of sales) and net profit (group share) reached €2.4 billion (32% of sales). In the second quarter, sales reached €3.7 billion, up 13% at constant exchange rates. In a more challenging context, all the regions continued...

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