Day: August 15, 2024

Company announcement no. 50 Net profit of DKK 1,215 million and return on equity of 18.8% The financial statements for the first half of 2024 show a highly satisfactory net profit of DKK 1,215 million and a return on equity after tax of 18.8%. In the second quarter alone, market rates fell by only a small margin, leading to a persistently satisfactory return on the Bank’s strong excess liquidity, which is the principal reason why net interest income was 10% higher in H1 2024 than in the year-earlier period. Overall, the Bank grew its core income by 6% compared with H1 2023. Again in Q2 2024, persistently strong credit quality resulted in a net reversal of impairment charges and a positive profit impact from impairment charges for H1 2024 in the amount of DKK 37 million. Continuing net reversals underline the robustness of our retail...

Nilfisk, a leading global provider of professional cleaning products and services, reported its Q2 2024 results today with organic growth and continued gross margin improvement. Revenue was 278.4 mEUR, up 1.9 mEUR from Q2 2023. Organic growth for Q2 2024 was 2.4%. The EBITDA margin before special items (bsi) was 14.1%. Jon Sintorn, CEO of Nilfisk comments on the Q2 results: “Nilfisk delivered a solid margin improvement for Q2 2024. A strong peak season in the Consumer Business and a strong performance in EMEA. Americas saw muted demand. While in APAC there was falling demand due to market conditions. The Service Business continued to grow, driven by the solid performance in EMEA and increased attachment rates.” The ongoing gross margin improvement continued into Q2 2024 at 42.2%, up 1.8 percentage point from the same period in the prior...

Marimekko Corporation, Half-year Financial Report, 15 August 2024 at 8.00 a.m. HALF-YEAR FINANCIAL REPORT OF MARIMEKKO CORPORATION, 1 January – 30 June 2024: Marimekko’s net sales continued to grow in the second quarter, operating profit slightly behind the comparison period but cumulative operating profit improved This release is a summary of Marimekko’s half-year financial report for the January-June period of 2024. The complete report is attached to this release as a pdf file and it is also available on the company’s website at company.marimekko.com under Releases & publications. The second quarter in brief Marimekko’s net sales increased by 8 percent and totaled EUR 43.7 million (40.3). Net sales were boosted in particular by the growth of wholesale sales in Finland and Scandinavia as well as increased retail sales in Finland.  Net...

Company announcement – No. 39 / 2024 Zealand Pharma Announces Financial Results for the First Half of 2024 Very strong progress across R&D pipeline followed by substantial capital raise enabling further investments to accelerate the development programs for wholly owned obesity assets.  Extremely encouraging weight loss and tolerability data announced with long-acting amylin analog petrelintide from MAD Part 2 (16-week trial) Impressive data from Boehringer Ingelheim’s Phase 2 clinical trial with survodutide in MASH presented at the EASL congress in Milan, Italy Significant strengthening of the balance sheet with completion of upsized equity offering raising gross proceeds of DKK 7 billion / USD 1 billion, which enables further investments to accelerate the development of our differentiated obesity assets resulting in a guidance...

Oslo, 15 August 2024 – DNO ASA, the Norwegian oil and gas operator, today reported a doubling of net profit to USD 35 million on revenue of USD 137 million in the second quarter of 2024. Net production rose six percent to 79,400 barrels of oil equivalent per day (boepd), of which Kurdistan contributed 59,800 boepd, North Sea 16,300 boepd and West Africa 3,300 boepd. At the end of the quarter, the Company held cash deposits of USD 943 million and net cash of USD 158 million. The Board of Directors aims for sustainable dividends. On the back of solid results, a strong balance sheet and outlook, the Board has authorized a dividend payment of NOK 0.3125 per share in August 2024, up 25 percent from prior quarterly distributions, pursuant to the authority granted it by the Shareholders at the 2024 Annual General Meeting. DNO increased spending...

Trondheim, 15 August 2024: In the second quarter, NORBIT recorded revenues of NOK 418.9 million, supported by strong growth in both the Oceans and the Product Innovation & Realization segments. The EBIT result was NOK 101.8 million, representing a margin of 24 per cent. “We delivered strong operational and financial performance in the second quarter. In the quarter, we also reached important strategic milestones as demonstrated by the acquisition of Innomar, representing an attractive strategic fit and diversification of the Oceans segment,” says Per Jørgen Weisethaunet, CEO of NORBIT. “The fact that a leading player like Toll4Europe has chosen to award NORBIT a first order worth NOK 160 million for the delivery of GNSS On-Board Units is truly exciting. This is a completely new product that we are currently developing. The first order,...

Highlights10.5-percent revenue growth vs. Q2 2023 in our Core product groups, outside of Mobile Gross profit in Q2 2024 negatively impacted by SEK 24.3 M in planned non-cash depreciation of previously capitalized R&D expenses. Gross margin excluding this effect was 25.4% (19.7% in Q2 2023). Rights issue in June strengthened the balance sheet Cost optimization progressed according to plan, with employees decreasing to 95 as at June 30, 2024, compared to 159 at the end of 2023 Significant improvement in cash flow from operating activities vs. the first quarter of 2024Second quarter of 2024Revenues amounted to SEK 112.4 M (203.3*) The gross margin was 3.7 percent (13.1) EBITDA amounted to negative SEK 2.4 M (neg: 57.7) Adjusted EBITDA** amounted to negative SEK 47.6 M (neg: 57.7) The operating result was negative SEK 90.8 M (neg:...

COMPANY ANNOUNCEMENT NO. 10-2024 15 August 2024, Copenhagen, DenmarkFLSmidth & Co. Group Interim Report for Q2 2024 Strong profitability across both Mining and Cement reflecting continued business improvementsHighlights in Q2 2024Growth in Mining Service order intake of 7%, whereas the significant decline in Mining Products order intake reflects market softness Mining revenue decline of 13% primarily reflects timing of the execution of certain Mining Products orders Continued progression in Mining profitability with Adjusted EBITA margin of 13.1% Cement Service order intake growth in core market clusters partly offsets impacts from de-risking and divestments Cement Adjusted EBITA margin of 9.6% reflecting strong margin execution and lower SG&A costs Continued progression on all Science Based Targets The financial guidance...

(Figures in brackets refer to the corresponding period last year) 15 Aug 2024 – Prosafe SE reported EBITDA of USD 6.6 million (negative USD 9.8 million) for the second quarter and USD 13.8 million (negative USD 16.2 million) for the first half of 2024. Operations, HSSE and backlogGood operating and safety performance on all vessels Utilisation of 56%, four out of seven vessels operating during the quarter and first half Strong commercial performanceConditional Letter of Intent (LOI) for Safe Boreas signed in May LOI for Safe Caledonia signed in July Discussing Safe Zephyrus contract extension with PetrobrasQ2 and first half financialsRevenues of USD 34.2 million (USD 21.0 million) for Q2 and USD 68.2 million (USD 35.3 million) for H1 Liquidity of USD 65.9 million at 30 June Closely monitoring compliance with the minimum liquidity...

P R E S S R E L E A S E Stockholm, August 15, 2024 Continued revenue and profit growth, despite decline in BTS Europe April 1 – June 30, 2024Net sales MSEK 730 (703). Currency adjusted growth +3%. EBITA +4%, MSEK 110 (106). EBITA margin 15.1 (15.1) %. Profit after tax –0.6%, MSEK 60 (61). Earnings per share –1%, SEK 3.11 (3.14).January 1 – June 30, 2024Net sales MSEK 1,348 (1,282). Currency adjusted growth +5%. EBITA +10%, MSEK 169 (153). EBITA margin 12.5 (12.0) %. Profit after tax +36%, MSEK 114 (83), excl. the reversed provision of earn-out +2%, MSEK 85 (83).1) Earnings per share +36%, SEK 5.86 (4.30), excl. the reversed provision of earn-out +2%, SEK 4.39 (4.30) 1)FINANCIAL SUMMARY  Apr-Jun Apr-Jun Jan-Jun Jan-Jun Jul-Jun   Jan- DecMSEK 2024 2023 2024 2023 2023/2024...