July 2024 – Page 29 – Goldea Capital

Second quarter 2024 results: Despite very strong P&C results and Investments performances, SCOR posts a EUR -308 million net loss in Q2 2024 (EUR -112 million net loss in H1 2024), driven by the 2024 L&H assumption review

Written by Customer Service on July 30, 2024. Posted in Earnings Releases And Operating Results.

Second quarter 2024 results Despite very strong P&C results and Investments performances, SCOR posts a EUR -308 million net loss in Q2 2024 (EUR -112 million net loss in H1 2024), driven by the 2024 L&H assumption review Continued very strong performance of P&C, with a combined ratio of 86.9% in Q2 2024 (-1.6pts compared to Q2 2023) allowing for ongoing reserving discipline L&H insurance service result1 of EUR -329 million in Q2 2024 (down EUR -469 million compared to Q2 2023), driven by the best estimate view of 2024 L&H assumption review for EUR -509 million, partly offset by EUR +143 million impact mainly from portfolio actions High Investments regular income yield of 3.6% in Q2 2024 (+0.5pts compared to Q2 2023) supported by elevated reinvestment rates Group net loss of EUR -308 million...

Rexel’s First Half 2024 Financial Report Made Available

Written by Customer Service on July 30, 2024. Posted in Public Companies.

REXEL’S FIRST HALF 2024 FINANCIAL REPORT MADE AVAILABLE Rexel’s first-half 2024 financial report was filed on July 30, 2024 with the French Autorité des marches financiers (AMF). It is also made available on Rexel’s corporate website (https://www.rexel.com/en) in the “Investors –Regulated Information” section. ABOUT REXEL GROUP Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, addresses three main markets: residential, commercial, and industrial. The Group supports its residential, commercial, and industrial customers by providing a tailored and scalable range of products and services in energy management for construction, renovation, production, and maintenance. Rexel operates through a network of more than 1,950 branches in 19 countries, with more than 26,500 employees....

Planisware: H1 2024 results fully in line with FY planned trajectory

Written by Customer Service on July 30, 2024. Posted in Public Companies.

H1 2024 results fully in line with FY planned trajectory H1 2024 revenue growth of +19.6% in constant currencies, reaching € 86.6 million Adjusted EBITDA margin representing 33.5% of revenue Strong cash conversion representing 127% of adjusted EBITDA Solid commercial traction with existing clients and new logos translating to record high commercial pipeline 2024 objectives confirmed Paris, France, July 30, 2024 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces today its financial results for H1 2024. Revenue amounted to € 86.6 million, up by +19.3% in current currencies, mainly led by the continued success of the Group’s market-leading SaaS platform. In constant currencies, revenue growth reached +19.6% (€+14.2 million), in line with the trajectory expected for the year and the 2024...

Rexel: Q2 sales & H1 2024 results

Written by Customer Service on July 30, 2024. Posted in Public Companies.

Q2 SALES & H1 2024 RESULTS Sequential organic sales improvement between Q1 and Q2 Resilient profitability and record FCF generation in H1 24, supported by strong discipline and self-help plans 2024 outlook confirmed – in the lower end of the range → Q2 24 sales up +1.8% on a reported basis, driven by our M&A strategy in Europe and North America → H1 24 sales of €9,629.7m, down (3.5)% on a same-day basis, with a gradual improvement in the period: Q2 24 down (2.4)% after (4.6)% in Q1 24, notably from easier base effect on electrification Improving activity month after month → Ramp-up of digital sales, to 31% of sales in Q2 24, up +290bps, fostering future productivity gains → H1 24 adjusted EBITA margin resilience at 6.0%, supported by our productivity gains and cost initiatives → H1 24 operating income of €576.8 million...

European Commission approves Roche’s Vabysmo for treatment of retinal vein occlusion (RVO)

Written by Customer Service on July 30, 2024. Posted in Public Companies.

Approval is based on data from two Phase III studies in branch and central retinal vein occlusion (RVO) showing early and sustained vision improvements non-inferior to aflibercept, and robust retinal drying with Vabysmo Additional submitted data shows that up to 60% of people receiving Vabysmo were able to extend treatment intervals to three or four months Vabysmo is already approved in several countries, including the US and Japan, for RVO and in nearly 100 countries for people with nAMD and DME Basel, 30 July 2024 – Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today that the European Commission (EC) has approved Vabysmo® (faricimab) for the treatment of visual impairment due to macular edema secondary to retinal vein occlusion (RVO, branch RVO or central RVO). RVO is the third indication for Vabysmo in the European Union, in...

Clariant delivers strong underlying margin improvement in the second quarter and increases 2024 profitability outlook to ~ 16 % EBITDA margin

Written by Customer Service on July 30, 2024. Posted in Public Companies.

AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR SECOND QUARTER / FIRST HALF YEAR | 2024 Q2 2024 sales decreased by 3 % organically in local currencies1 to CHF 1.056 billion as growth in Care Chemicals and Adsorbents & Additives was offset by an expected decline in Catalysts Q2 2024 reported EBITDA margin decreased to 15.7 % compared to 16.1 % in Q2 2023, underlying improvement excluding prior year’s disposal gain of more than 500 basis points driven by positive operating leverage and reduced sunliquid® impact H1 2024 sales decreased by 5 % organically in local currencies1 to CHF 2.070 billion H1 2024 reported EBITDA margin improved to 16.4 % compared to 15.0 % in prior year H1 2024 Operating Cash Flow at CHF 112 million, compared to CHF 78 million in H1 2023; strong Free Cash Flow Conversion (LTM) of...

FURTHER EXPANSION OF MARKET SHARE – SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR

Written by Customer Service on July 30, 2024. Posted in Public Companies.

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules FURTHER EXPANSION OF MARKET SHARE – SIKA POSTS RECORD RESULTS IN FIRST HALF OF THE YEAR Sales of CHF 5,834.8 million (+9.2% in CHF) in first half of the year Sales increase by 12.8% in local currencies, negative foreign currency impact of –3.6% Material margin expands to 55.1% (first half of 2023: 52.7%) EBITDA margin jumps to 18.7% (first half of 2023: 16.5%) Operating profit before depreciation and amortization (EBITDA) of CHF 1,092.9 million (previous year: CHF 881.1 million) Successful integration of MBCC with raised synergy guidance for the year (CHF 100 – 120 million) Acquisition of Kwik Bond, USA New plants opened in Peru and China Global employee survey confirms high engagement rate of 86% SBTi validation for Sika’s net-zero targets Outlook...

UPDATED – Sacks Parente Announces 1-For-10 Reverse Stock Split

Written by Customer Service on July 30, 2024. Posted in Public Companies.

CAMARILLO, CA, July 29, 2024 (GLOBE NEWSWIRE) — Sacks Parente Golf Company, Inc. (Nasdaq: SPGC) (“SPG” or the “Company”), a technology forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other related accessories, announces that its board of directors has approved a 1-for-10 reverse stock split of the Company’s common stock. The reverse stock split will become effective on July 30, 2024 at 12:01 am, Eastern Time, (“Effective Time”) and the Company’s common stock is expected to begin trading on a reverse stock split-adjusted basis on The Nasdaq Capital Market (“Nasdaq”) on July 30, 2024 at market open under the existing ticker symbol, “SPGC.” The reverse stock split is intended to increase the price per share of the Company’s common stock to allow the Company to demonstrate...

BHP and Lundin Mining to acquire Filo Corp. and form a 50/50 joint venture to progress the Filo del Sol and Josemaria projects

Written by Customer Service on July 30, 2024. Posted in Mergers And Acquisitions.

TORONTO, July 29, 2024 (GLOBE NEWSWIRE) — BHP and Lundin Mining Corporation (Lundin Mining) have agreed to jointly acquire 100% of Filo Corp., a Toronto Stock Exchange (TSX) listed company, through a Canadian plan of arrangement (Filo Acquisition). Filo Corp. owns 100% of the Filo del Sol (FDS) copper project. BHP and Lundin Mining have also agreed to form a 50/50 joint venture to hold the FDS and Josemaria projects (Joint Venture) located in the Vicuña district of Argentina and Chile (together with the Filo Acquisition, the Proposed Transaction). Lundin Mining owns 100% of the Josemaria project. The Joint Venture will create a long-term partnership between BHP and Lundin Mining to jointly develop an emerging copper district with world-class potential. BHP’s total cash payment for the Proposed Transaction is expected to be approximately...

Ero Copper Confirms Fatality in Non-Operational Area on Surface at the Caraíba Operations

Written by Customer Service on July 30, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, July 29, 2024 (GLOBE NEWSWIRE) — Ero Copper Corp. (TSX: ERO, NYSE: ERO) (“Ero” or the “Company”) is deeply saddened to confirm the tragic loss of a member of its team, who succumbed to injuries sustained in a light-duty truck accident at the Caraíba Operations. A second team member is in critical condition. Details surrounding the incident, which occurred in a non-operational area on surface, are still under investigation. In response to this tragedy, the Company immediately activated its emergency response and safety protocols which included suspending operations, notifying the relevant government authorities, and undertaking a full investigation. Operations at Caraíba are expected to resume tomorrow. “We are profoundly saddened by this tragic incident, and our sincerest thoughts are with...

Month: July 2024

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