Month: May 2025

Bavarian Nordic Announces Interim Results for the First Three Months of 2025

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

COPENHAGEN, Denmark, May 9, 2025 – Bavarian Nordic A/S (OMX: BAVA) announced today its interim financial results and business progress for the first three months of 2025.Revenue for the first three months increased by 62% to DKK 1,347 million, reflecting a strong performance in both Travel Health and Public Preparedness.Travel Health revenue increased by 52% to DKK 680 million compared to the first quarter of 2024, primarily driven by increased demand for rabies and tick-borne encephalitis (TBE) vaccines. Public Preparedness revenue increased by 83% to DKK 629 million compared to the first quarter of 2024. This exceeded initial expectations due to successful efforts to advance the deliveries of a few, but larger, existing orders into the first quarter. Other revenue was DKK 37 million.The operating profit (EBITDA) was DKK 420 million,...

NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

Company Announcement 9 May 2025Announcement No. 16 NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m NKT CEO Claes Westerlind says: – In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of EUR 81m. We executed on our ongoing investments across production sites and announced the completion of the medium-voltage capacity expansions in Falun and Velke Mezirici. Additionally, in April we concluded Q1 negotiations and signed a supply agreement with Hydro, strengthening our European value chain and ensuring security of aluminium supply until 2033. These steps underscore our commitment to business excellence and our strategic focus on supporting the energy transition and enhancing value for both our customers and shareholders. Financial...

TGS announces Q1 2025 results

Written by Customer Service on May 9, 2025. Posted in Earnings Releases And Operating Results.

OSLO, Norway (9 May 2025) – TGS today reports interim financial results for Q1 2025. Financial highlights:Strong multi-client performance driven by high interest for data in frontier areas Multi-client investment of USD 130 million supported by solid pre-commitments from clients Significant year-over-year improvement in asset utilization secured solid contract revenues Order inflow of USD 302 million during Q1 2025 – total order backlog of USD 600 million Strong cash flow reducing net debt to USD 453 million from USD 500 million at the end of 2024 Solid balance sheet allows for stable dividend payment of USD 0.155 per share to be paid in Q2 2025 Guidance for gross operating expenses and capital expenditures lowered to approximately USD 1,000 million and approximately USD 135 million, respectively, in response to increased macro...

TGS Successfully Commenced an Active North Europe Summer Season

Written by Customer Service on May 9, 2025. Posted in Public Companies.

Oslo, Norway (May 9 2025) – TGS, a leading provider of energy data and intelligence, is pleased to announce a significant increase in acquisition activity in Northern Europe this summer. TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel, doubling the Company’s capacity compared to 2024. All the three seismic streamer vessels have successfully mobilized, according to plan, and are currently engaged in production on 4D seismic contracts. These vessels will continue with additional 4D programs. TGS has been awarded a total of seven 4D contracts in Northern Europe this summer, amounting to approximately 280 acquisition days. Towards the end of the season TGS will acquire multi-client data. In addition to the ongoing 4D acquisition projects, the Ramform Vanguard mobilized...

Zealand Pharma announces closing of collaboration and license agreement with Roche

Written by Customer Service on May 9, 2025. Posted in Public Companies.

Company announcement – No. 12 / 2025 Zealand Pharma announces closing of collaboration and license agreement with Roche Copenhagen, Denmark, May 9, 2025 – Zealand Pharma A/S (“the Company” or “Zealand Pharma”) (Nasdaq: ZEAL) (CVR-no. 20045078), a biotechnology company focused on the discovery and development of innovative peptide-based medicines, today announces that all closing conditions in the collaboration and license agreement with Roche announced on March 12, 2025 have been satisfied, including regulatory conditions, and the agreement has become effective. “We are incredibly excited to launch this partnership, which represents a step change to realize Zealand Pharma’s vision of becoming a key player in the future management of obesity. Roche ticked all the right boxes for what we were looking for in a partner and we look...

Finning to sell 4Refuel

Written by Customer Service on May 9, 2025. Posted in Public Companies.

VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — Finning International Inc. (TSX: FTT) (“Finning” or the “Company” or “we”, “our” or “us”) announced today that we have entered into a definitive agreement to sell 100% of our mobile on-site refueling business, operating through our subsidiaries 4Refuel Holdings Limited, Midnight Holding, Inc., and their respective affiliates (collectively “4Refuel”), to affiliates of H.I.G. Capital (“H.I.G.”) for a total purchase price of up to $400 million, subject to customary closing adjustments (the “Transaction”). Including leases and other indebtedness of approximately $50 million, the total implied transaction value is approximately $450 million. 4Refuel is a leading North American mobile on-site liquid refueling company providing on-site wheel-to-wheel and bulk fuel delivery...

Wintrust Financial Corporation Announces Pricing of $425 Million Preferred Stock Offering

Written by Customer Service on May 9, 2025. Posted in Public Companies.

ROSEMONT, Ill., May 08, 2025 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”) (Nasdaq: WTFC) today announced that it has priced an underwritten public offering of 17 million depositary shares with a liquidation preference of $25.00 per share (the “Depositary Shares”) for gross proceeds of $425 million before deducting underwriting discounts and other estimated offering expenses. Each Depositary Share represents a 1/1,000th interest in a share of Wintrust’s 7.875% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series F. The offering is expected to close on May 22, 2025, subject to customary closing conditions. Wintrust intends to use the net proceeds from the offering for general corporate purposes, which may include the redemption of all or a portion of its outstanding shares of Series D preferred stock...

The Keg Royalties Income Fund announces May 2025 cash distribution

Written by Customer Service on May 9, 2025. Posted in Dividend Reports And Estimates.

VANCOUVER, British Columbia, May 08, 2025 (GLOBE NEWSWIRE) — The Keg Royalties Income Fund (the “Fund”) (TSX: KEG.UN) today announced that its May 2025 distribution of $0.0946 per unit has been declared and is payable to unitholders of record as at May 21, 2025. The May 2025 distribution will be paid on May 30, 2025. The Fund is a limited purpose, open-ended trust established under the laws of the Province of Ontario that, through The Keg Rights Limited Partnership, a subsidiary of the Fund, owns certain trademarks and other related intellectual property used by Keg Restaurants Ltd. (“KRL”). In exchange for use of those trademarks, KRL pays the Fund a royalty of 4% of gross sales of Keg restaurants included in the royalty pool. With approximately 10,000 employees, over 100 restaurants and annual system sales exceeding $700 million,...

Source Energy Services Reports Q1 2025 Results

Written by Customer Service on May 8, 2025. Posted in Earnings Releases And Operating Results.

CALGARY, Alberta, May 08, 2025 (GLOBE NEWSWIRE) — TSX: SHLE Source Energy Services Ltd. (“Source” or the “Company”) is pleased to announce its financial results for the three months ended March 31, 2025. Q1 2025 PERFORMANCE HIGHLIGHTS Key achievements for the quarter ended March 31, 2025 include the following:realized record sand sales volumes of 1,041,223 metric tonnes (“MT”) and sand revenue of $162.9 million, an increase of $29.9 million or 22% from the first quarter of 2024; generated total revenue of $208.6 million, a $39.0 million increase from the first quarter last year; realized gross margin of $36.8 million and Adjusted Gross Margin(1) of $46.2 million, increases of 3% and 7%, respectively, when compared to the three months ended March 31, 2024; reported net income of $23.6 million, an increase of $21.7 million from...

Oak Ridge Financial Services, Inc. Announces First Quarter 2025 Results and 17% Increase in Quarterly Cash Dividend

Written by Customer Service on May 8, 2025. Posted in Earnings Releases And Operating Results.

OAK RIDGE, N.C., May 08, 2025 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the first three months of 2025 and an increase of $0.02, or 17%, in its quarterly cash dividend to $0.14 per common share. First Quarter 2025 HighlightsEarnings per share were $0.57, up from $0.56 in the fourth quarter of 2024 and $0.50 in the first quarter of 2024. Return on equity of 10.04%, compared to 9.63% for the prior quarter and 9.31% for the first quarter of 2024. Net Income was $1.6 million, up from $1.5 million in the fourth quarter of 2024 and $1.4 million in the first quarter of 2024. Tangible book value per common share of $23.50 as of period end, compared to $23.02 at the end of the prior...

Month: May 2025

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