Month: August 2024

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...

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, Aug. 15, 2024 (GLOBE NEWSWIRE) —  High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) has released its’ second quarter financial and operating results. The unaudited consolidated financial statements, management discussion & analysis (“MD&A”), for the three and six months ended June 30, 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. Completion of Reorganization On June 17, 2024, the Corporation held its Annual and Special General Meeting where the Corporation’s...

WESTLAKE VILLAGE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT), please note that in the section of Recent Corporate Highlights, in the third bullet point, the date for the extended maturity should be August 2029, not June 2029. The corrected release follows:Second quarter net product revenues for ZORYVE® franchise of $30.9M, with $17.3M for ZORYVE (roflumilast) cream 0.3%, and $13.6M for ZORYVE (roflumilast) topical foam, 0.3%; sales growth of 547% vs. Q2 ’23 and 43% vs. Q1 ’24 Continued gross-to-net (GTN) improvement with blended GTN across products now in the high 50 percent range, improving from the low 60 percent range last quarter Sustained growth in prescriptions for both cream and foam, with total U.S. franchise...

QUEBEC CITY, Canada, Aug. 14, 2024 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech” or the “Company”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, for ADAS, AD and parking applications, is pleased to announce financial results for its fiscal third quarter 2024, which ended on June 30, 2024. “This quarter, we continued to make excellent progress with OEM and Tier 1 automotive customers, improved software maturity and extended feature performance with our key technology partners, including Arm and Texas Instruments,” stated LeddarTech’s President and CEO, Frantz Saintellemy. “We believe that the automotive industry increasingly recognizes the maturity of our LeddarVision software for fusion and...