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Month: August 2024

INVL Baltic Sea Growth Fund-backed FERN Group launches EUR 8 million public bond offering

FERN Group, a leading engineering solutions group in Lithuania and a portfolio company of the INVL Baltic Sea Growth Fund, the foremost private equity fund in the Baltic region, on 29 August 2024 is starting an offering of EUR 8 million of bonds. The bonds will be offered publicly to retail and institutional investors in the Baltics. The new FERN Group bond issue has a maturity of 2 years. By way of auction, investors can choose an annual coupon rate between 8.5% and 9.5%, where coupon will be paid quarterly. The bonds will be secured by the surety of INVL Baltic Sea Growth Fund in the amount of EUR 8 million. “We aim to raise funds from investors in the capital markets, with EUR 5 million earmarked for refinancing existing liabilities and other corporate needs,” says Vilija Zapalskienė, CEO of FERN Group and its subsidiaries. Vidas Venckus,...

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Galantas Report Financial Results for the Quarter Ended June 30, 2024

TORONTO, Aug. 29, 2024 (GLOBE NEWSWIRE) — Galantas Gold Corporation (TSX-V & AIM: GAL; OTCQX: GALKF) (“Galantas” or the “Company”) is pleased to announce its unaudited financial results for the Quarter ended June 30, 2024. Financial Highlights Highlights of the second quarter 2024 results, which are expressed in Canadian Dollars, are summarized below:All figures denominated in Canadian Dollars (CDN$)Quarter EndedJune 30  2024 2023Revenue $ 0   $ 0  Cost and expenses of operations $ (30,318 ) $ (72,881 )Loss before the undernoted $ (30,318 ) $ (72,881 )Depreciation $ (107,281 ) $ (128,989 )General administrative expenses $ (1,507,639 ) $ (1,187,896 )Foreign exchange gain (loss) $ (31,399 ) $ 34,250  Unrealized gain on derivative fair value adjustment $ 85,018   $ 0  Net...

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BW Energy: Second Quarter and First-Half 2024 Results

BW ENERGY: SECOND QUARTER AND FIRST-HALF 2024 RESULTS HIGHLIGHTSQ2 2024 EBITDA of USD 75.9 million and net profit of USD 14.5 million H1 2024 EBITDA of USD 185.6 million and net profit of USD 61.9 million H1 2024 gross production of 5.7 million barrels with 4.6 million barrels net to the Company Operating cash flow of USD 85.1 million and cash position of USD 244.2 million at 30 June First oil from Hibiscus South in early March, five months after initial discovery Second Hibiscus South well confirms northern extension with good reservoir quality 23 million additional barrels of reserves after successful drilling on Hibiscus / Hibiscus South Signed USD 150 million gross sale and leaseback for MaBoMo production facility Successfully issued USD 100 million of five-year senior unsecured bonds  Golfinho prepayment facility extended and increased  “We...

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WISeKey Subsidiary WISe.ART Presents NFTs from The Three Gates of Wisdom

  Imagery from the award-winning AI film now available on the WISe.ART Platform Geneva, Switzerland – August 29, 2024: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, announced today that its WISe.ART subsidiary is featuring NFT imagery from the award-winning film ‘The Three Gates of Wisdom’ on its platform – https://platform.wise.art/. The short film, created using both traditional filming methods and AI by artist Devy Man, was recently awarded the Jury Special Price during the 2024 Cannes Film Festival and has already been nominated at multiple other events like London, the upcoming Mostra in Venice and, Manheim in Germany. The images will also be shown physically at Le Verdaine,...

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Azerion publishes interim Q2 and H1 2024 results

Platform growth and improved efficiency driving performance  Highlights of Q2 2024Total Revenue of € 138.7 million in Q2 2024, up 24% from € 111.7 million in Q2 2023 (excluding the social card games portfolio divested in Q3 2023), mainly driven by higher advertising spend across the Platform Segment particularly in Direct sales and Automated auction sales and the integration of past acquisitions.  Adjusted EBITDA in Q2 2024 of € 17.5 million, up 22% compared to € 14.4 million in Q2 2023 (excluding the social card games portfolio divested in Q3 2023), largely driven by revenue growth in the Platform, the benefits from the cost savings and efficiencies from the integration of previous acquisitions and the successful launch of Habbo Hotel Origins. 28% growth in Platform advertising revenue to € 104.4 million in Q2 2024, compared to € 81.3...

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Vow ASA: Results for the first half-year 2024

Oslo, 29 August 2024: For the first half-year, Vow ASA (OSE: VOW) had revenues of NOK 485.0 million, representing an increase of 8.1 per cent from NOK 448.7 million for the same period in 2023. All business segments contributed to the growth. EBITDA before non-recurring items was NOK 26.1 million, corresponding to a margin of 5.4 per cent. The results for the first half-year of 2024 represent a marked progress from the second half of 2023, when reassessments of project accounts and balance sheet items resulted in operating losses. Over the recent months, Vow has delivered on cost reduction programs with estimated annual cost savings in the range of NOK 40-50 million for FY 2024 compared with FY 2023. “Over the past period, Vow has been through a significant turnaround showcasing enhanced operational efficiency. With a solid order backlog,...

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Kaldvik AS (KLDVK): Q2 2024 Results

KALDVIK AS (KLDVK) reports Operating income in Q2 amounted to NOKm 62.0 (NOKm 20.6), while the operating profit/loss before fair value adjustment of biomass was NOKm -14.7 (NOKm -23.6). Harvest amounted to 514 tonnes in Q2 2024 (0 tonnes) Web cast will be at 11:00 CET 29 August 2024 on the following link on Teams: https://t.ly/-E3AP Attached is the presentation and report for Q2 2024. Kaldvik, 29 August 2024 Contacts: Guðmundur Gíslason, CEO of KALDVIK AS: +354 8960426 (mobile)   This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading ActAttachmentsKaldvik AS Q2 2024 presentationKaldvik AS Q2 2024 report

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Half Year Results 2024: strong performance in all segments underpins record year outlook

Highlights 1H24Orderbook stands at 7.6 billion euro, matching the peak levels of the last four quarters Group turnover grew 30% year-over-year to 1.9 billion euro, with solid growth in all contracting segments EBITDA amounted to 345 million euro, or 18.0% of turnover, up from 222 million euro, or 15.0% of turnover in the first half 2023 Net profit amounted to 141 million euro, compared to 30 million euro a year ago Capital expenditure amounted to 167 million euro, compared to 216 million euro for the first half in 2023 Strong free cash flow generation in the first half of the year, amounting to 278 million euro compared to -178 million euro a year ago; resulting in a halving of net financial debt to 352 million euro from 715 million euro a year agoAttachmentP2024 DEME 1H24 results ENG

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IBA Reports Half Year 2024 Results

GROUP REVENUES UP 21.9% ACCELERATED BACKLOG CONVERSION IN PROTON THERAPY AND OTHER ACCELERATORS STRONG GROSS MARGIN IMPROVEMENT AND BREAKEVEN REBIT Louvain-la-Neuve, Belgium, 29 August 2024 – IBA (Ion Beam Applications S.A), the world leader in particle accelerator technology, today announces its consolidated results for the first half of 2024.(EUR 000) H1 2024 H1 2023 Variance Variance %Total Revenues 206 452​ 169 418​ 37 034​ 21.9%​  Proton Therapy 107 724​ 95 082​ 12 642​ 13.3%​  Other Accelerators 70 078​ 41 354​ 28 724​ 69.5%​  Dosimetry 28 649​ 32 982​ -4 333​ -13.1%​REBITDA 6 776 -13 859 20 635 148.9%    % of Revenues 3.3% -8.2%    REBIT 43 -20 296 20 339 100.2%    % of Revenues 0.0% -12.0%    Profit Before Tax -6 818 -22 656 15 838 69.9%    % of Revenues -3.3% -13.4%    NET RESULT -10...

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Vow ASA: Amendments of covenants and efforts to strengthen the balance sheet

Oslo, 29 August 2024: Reference is made to the report for the first half-year of 2024 being published today. It follows from said report that Vow ASA (the “Company”) requires amended covenants in its existing NOK 575 million debt facility with DNB Bank ASA in order to avoid a covenant breach in Q3 or Q4 2024. The Company has agreed amended debt facilities with improved covenant headroom subject to (i) agreement on final documents, and (ii) strengthening of the Company’s balance sheet by raising new equity amounting to a minimum of NOK 125 million. The Company is currently operating on the basis of an ambition to raise up to NOK 150 million in new equity to improve the Company’s liquidity position in order to execute on the current orderbook as well as on new growth initiatives and strengthen the balance sheet by way of debt prepayments...

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