Month: August 2024

Today, Svitzer Group A/S (Svitzer) has published its interim report for the first half of 2024, showing solid financial performance.  Q2 2024 highlights (Q2 2023 in brackets)Revenue of DKK 1,583m (DKK 1,408m), corresponding to 12% growth in constant exchange rates, with growth across all four operating segments Adjusted EBITDA of DKK 482m (DKK 419m), driven by the revenue growth, leading to a margin of 30.4% Gross CAPEX of DKK 309m (DKK 314m) divided into growth CAPEX of DKK 188m and dry-docking, fleet renewal and other CAPEX of DKK 121m.Svitzer CEO, Kasper Friis Nilaus, comments: “We are pleased to be able to continue our solid financial and operational performance in Q2 2024 with revenue growth of 12% in constant exchange rates and a 15% increase in adjusted EBITDA. The performance is based on our diversified global footprint, which...

On the 14th of August 2024 at 9:00 (EET) AB KN Energies holds a conference webinar for its shareholders, investors, mass media representatives and other stakeholders. The presentation is held in English. The webinar is hosted by KN Chief Financial Officer Tomas Tumėnas who will introduce the Group’s financial results for the six months of 2024 and will answer the participant questions. Webinar presentation is enclosed.Tomas Tumėnas, Chief Financial Officer, +370 46 391772AttachmentKN_activity results for_HY1_2024

AB KN Energies (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the six months ended 30 June 2024. Key financial indicators for the 1-6 months of 2024:EUR millions Group Company  1-6 months of 2024 1-6 months of 2023 1-6 months of 2024 1-6 months of 2023Revenue 42.6 42.4 40.8 40.9EBITDA 21.7 16.7 20.7 16.2Net profit (loss) 1.5 8.1 0.8 7.7Adjusted net profit (loss) 6.3 3.3 5.7 2.9Management comment: In January-June this year, the Group’s revenue was 1% higher than in the same period a year ago (H1 2024: EUR 42.6 million; H1 2023: EUR 42.4 million), while EBITDA grew by 30% (H1 2024: EUR 21.7 million; H1 2023: EUR 16.7 million) and adjusted net profit by EUR 4.4 million (H1 2024: EUR 6.3 million; H1 2023: EUR 1.9 million). Despite...

INVESTOR NEWS no. 61 – 14 August 2024 Ferry – freight: Total volumes in July 2024 were 9.4% above 2023 and up 6.3% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023. North Sea volumes were just above 2023 as volumes between the Continent and the UK picked up offsetting lower automotive volumes. Mediterranean volumes were in July above 2023 driven by higher volumes between Türkiye and France. Channel volumes continued in July to be above 2023 as did volumes on the Baltic Sea routes. For the last twelve months 2024-23, the total transported freight lane metres increased 4.1% to 40.4m from 38.8m in 2023-22. The increase was 2.0% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure. Ferry – passenger: The number of passengers...

INVESTOR NEWS no. 61 – 14 August 2024 Ferry – freight: Total volumes in July 2024 were 9.4% above 2023 and up 6.3% adjusted for the addition of Strait of Gibraltar routes in 2024 and closure of the Calais-Tilbury route in 2023. North Sea volumes were just above 2023 as volumes between the Continent and the UK picked up offsetting lower automotive volumes. Mediterranean volumes were in July above 2023 driven by higher volumes between Türkiye and France. Channel volumes continued in July to be above 2023 as did volumes on the Baltic Sea routes. For the last twelve months 2024-23, the total transported freight lane metres increased 4.1% to 40.4m from 38.8m in 2023-22. The increase was 2.0% adjusted for the addition of Strait of Gibraltar routes and the Calais-Tilbury route closure. Ferry – passenger: The number of passengers...

Ad hoc announcement pursuant to Art. 53 of the Listing Rules of SIX Exchange Figures for the first half of 2024 Increased profitability and earnings in challenging end marketsSlight downturn in sales: -4% currency adjusted Increased profitability: EBITDA margin 8.7% (PY 7.7%); +7% absolute Rise in net income: +71% Significant increase in cash flow: +194% «Accelerate» performance program on schedule Consolidation of ZNL joint venture in ChinaSteinhausen, 14 August 2024 – In a challenging environment, Schweiter Technologies generated net sales of CHF 527.8 million, a year-on-year decrease of -6% (-4% after currency adjustments). The measures adopted to ensure price discipline, greater efficiency and reduced costs proved effective and the growth of profitability and earnings was sustained, despite the lower sales volume. The Group achieved...

GILLIG H2BUSGILLIG H2BUSHexagon Purus, a world leading supplier of zero emission mobility solutions, has entered into a multi-year supply agreement with GILLIG, a leading designer and manufacturer of heavy-duty transit buses in the United States, for supply of hydrogen fuel storage systems for their new fuel cell powered transit buses. The delivery of hydrogen fuel storage systems will be supplied from Hexagon Purus’ facility in Westminster, United States Driving Energy Transformation “Introducing a hydrogen-powered Fuel Cell bus into our product lineup signifies GILLIG’s commitment to advancing sustainable public transportation technologies. It’s about offering a solution that’s not only flexible enough to fit every fleet but also matured through our thoughtful approach to product development, ensuring reliability...