Ormat Technologies(ORA)
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Aura Declares Dividend of US$0.40 per share and US$0.1333 per BDR based on Q1 2025 Results, resulting in a Dividend Yield of 11%¹ in the LTM
Globenewswire· 2025-05-06 00:13
The Dividend is not subject to withholding taxes at the time of payment by the Company. Rodrigo Barbosa, President & CEO commented, "In 2020, we outlined Aura's strategic vision to the market, focusing on three key pillars: (i) advancing greenfield projects to boost production, (ii) investing in exploration to grow Resources and Reserves, and (iii) pursuing M&A opportunities while also committing to pay dividends to our shareholders. Since then, we have successfully commissioned and ramped up Almas, expande ...
Aura Announces Q1 2025 Financial and Operational Results
Globenewswire· 2025-05-05 23:34
Core Viewpoint - Aura Minerals Inc. has reported its Q1 2025 financial and operational results, highlighting a strong start to the year with expectations for improved performance in upcoming quarters, particularly with the Borborema project entering commercial production in Q3 2025 [2][4]. Financial Performance - Total production in Q1 2025 was 60,087 gold equivalent ounces (GEO), a decrease of 10% from Q4 2024 and 12% from Q1 2024 [2][4]. - Net revenue for Q1 2025 reached $161.8 million, a 23% increase compared to Q1 2024 but a 6% decrease from Q4 2024 [2][6]. - Adjusted EBITDA for Q1 2025 was $81.5 million, marking a 53% increase year-over-year and setting a record high for the company [2][6]. Production Details - The Borborema project has commenced operations and is expected to produce between 33,000 and 40,000 ounces in 2025, with commercial production anticipated by Q3 2025 [4][5]. - Aranzazu produced 20,456 GEO in Q1 2025, a 10% decrease from Q4 2024, primarily due to reduced ore milled and increased maintenance downtime [4][6]. - Minosa's production totaled 17,654 GEO, reflecting a 9% decrease from the previous quarter, attributed to lower ore grades [6]. Cost Metrics - Cash cost per GEO sold was $1,149, a 5% increase from Q4 2024, while All In Sustaining Cost (AISC) was $1,461, up 6% from the previous quarter [2][6]. - The net debt at the end of Q1 2025 was $271.9 million, with a net debt-to-last-12-months EBITDA ratio of 0.92x [2][6]. Market Conditions - The average realized gold sales price in Q1 2025 was $2,786 per ounce, an 8% increase from Q4 2024 and 39% higher than Q1 2024 [6]. - Average copper sales prices rose to $4.26 per pound, reflecting a 3% increase from Q4 2024 and 11% higher than the same period in 2024 [6]. Strategic Outlook - The company is focused on developing efficient operations and has set a benchmark for ESG performance with the Borborema project, which incorporates renewable energy and local water resources [5][6]. - Management anticipates a supportive economic environment for commodity prices in the short to medium term, despite potential volatility [7].
Aura Announces Confidential Submission Of Draft Registration Statement For Proposed U.S. Public Offering
Globenewswire· 2025-05-05 23:16
Core Viewpoint - Aura Minerals Inc. has confidentially submitted a draft registration statement to the SEC for a proposed public offering of its common shares in the United States, aiming to enhance shareholder value and improve stock liquidity [1][2][3] Company Overview - Aura is a mid-tier gold and copper production company focused on operating and developing projects in the Americas, with five operating mines and several development projects [6] - The company owns over 630,000 hectares of mineral rights, indicating significant exploration potential [6] Proposed Public Offering - The public offering will include the registration and listing of common shares in the U.S., expected to commence after SEC review and subject to market conditions [2][3] - The specific number of shares and price range for the offering have not yet been determined [2] Strategic Goals - The U.S. listing is part of Aura's strategy to unlock value for shareholders and consolidate liquidity in the U.S. equity market [3]
Orange: Appointments to the Executive Committee of Orange
Globenewswire· 2025-05-05 06:00
Core Points - Orange announces changes in its Executive Committee, appointing Jérôme Hénique as CEO of Orange France and Yasser Shaker as CEO of Orange Middle East and Africa [2][3][4] Group 1: Executive Appointments - Jérôme Hénique will transition from CEO of Orange Middle East and Africa to CEO of Orange France, effective June 1, 2025, while remaining on the Group Executive Committee [2][3] - Yasser Shaker, currently CEO of Orange Egypt, will take over as CEO of Orange Middle East and Africa starting July 1, 2025, and will also join the Group Executive Committee [3][4] Group 2: Leadership Insights - Christel Heydemann, CEO of Orange Group, expressed gratitude towards Jean-François Fallacher for his contributions and confidence in the new appointees, highlighting their experience and potential for growth [4] - Jérôme Hénique has a strong background in the region, having overseen 18 countries and more than 135 million customers, contributing to significant revenue and EBITDAaL growth [6] Group 3: Company Overview - Orange reported revenues of €40.3 billion in 2024 and had a total customer base of 294 million as of March 31, 2025, including 256 million mobile customers [9][10] - The company operates in 26 countries and is recognized as a leading provider of global IT and telecommunications services [11]
Earnings Preview: Ormat Technologies (ORA) Q1 Earnings Expected to Decline
ZACKS· 2025-04-30 15:07
Core Viewpoint - Ormat Technologies (ORA) is anticipated to report a year-over-year decline in earnings despite an increase in revenues for the quarter ending March 2025, with the actual results being a significant factor influencing the stock price in the near term [1][2]. Earnings Expectations - The consensus estimate for Ormat Technologies is an earnings per share (EPS) of $0.59, reflecting a year-over-year decrease of 9.2%, while revenues are projected to be $234.55 million, representing a 4.6% increase from the previous year [3]. - The consensus EPS estimate has been revised 7.41% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings outlook [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Ormat Technologies is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -20.34%, which indicates a bearish sentiment among analysts [10][11]. - The stock currently holds a Zacks Rank of 3, making it challenging to predict a consensus EPS beat [11]. Historical Performance - In the last reported quarter, Ormat Technologies was expected to post earnings of $0.47 per share but exceeded expectations with actual earnings of $0.72, resulting in a surprise of +53.19% [12]. - Over the past four quarters, the company has surpassed consensus EPS estimates three times [13]. Conclusion - While Ormat Technologies does not appear to be a strong candidate for an earnings beat, it is essential for investors to consider other factors when making investment decisions ahead of the earnings release [16].
Orange: Orange Business and Shiftmove enter exclusive negotiations for the acquisition of Océan by Shiftmove
Globenewswire· 2025-04-30 06:18
Core Viewpoint - Shiftmove has entered exclusive negotiations to acquire Océan, the fleet management division of Orange Business, as part of a strategic move to consolidate its market presence and enhance growth potential [1][4]. Company Overview - Océan manages nearly 170,000 vehicles for corporate clients and public organizations across France, providing services that optimize costs, enhance safety, and support environmental commitments [2][3]. - Shiftmove aims to become the European leader in digital fleet solutions by 2027, with a focus on managing over one million vehicles and establishing a strong presence in France and across Europe [7][14]. Strategic Intent - The acquisition aligns with Orange Business's strategy to refocus its portfolio and optimize investments in key areas, while Shiftmove seeks to build synergies and enhance its market position through this transaction [4][8]. - Océan has 20 years of experience in the fleet management sector, evolving from geolocation to embedded telematics, and aims to be a leading provider in France [5][6]. Market Context - The telematics market is undergoing significant transformation, with increasing innovation and complex customer expectations, prompting Océan to focus on operational excellence and strategic partnerships [6]. - Shiftmove's recent establishment in France and its acquisition of Optimum Automotive in October 2024 have strengthened its capabilities, serving 17,000 corporate customers with over 500,000 vehicles [14].
Orange: Orange posts robust first-quarter results and confirms its 2025 targets
Globenewswire· 2025-04-24 05:30
Core Insights - Orange reported strong first-quarter results for 2025, achieving revenues of €9,911 million, a 0.6% increase year-on-year, and confirmed its financial targets for the year [1][6][11] - The company's EBITDAaL grew by 3.2% to €2,480 million, reflecting solid retail performance and operational efficiency improvements [8][41] - The Africa & Middle East region was a significant growth driver, with revenues increasing by 12.8% to €2,047 million, supported by strong mobile data and digital service offerings [21][22] Financial Performance - Total revenues for Q1 2025 reached €9,911 million, up from €9,849 million in Q1 2024, driven by retail services growth of 2.4% [1][5] - EBITDAaL for the quarter was €2,480 million, marking a 3.2% increase compared to €2,402 million in the previous year [8][41] - eCAPEX for the quarter was €1,463 million, a 6.6% increase from €1,372 million in Q1 2024 [8][41] Regional Performance - In France, revenues decreased by 1.3% to €4,297 million, but retail services excluding PSTN grew by 1.5% [15][16] - The Africa & Middle East region saw exceptional growth, with mobile data revenues up 21.0% and Orange Money revenues up 22.1% [21][22] - Europe remained stable with revenues of €1,746 million, a slight decrease of 0.2%, while retail services grew by 2.5% [24][25] Business Segments - Orange Cyberdefense reported solid growth of 8% in the B2B market, primarily driven by performance in France [4] - The Orange Business segment experienced a revenue decline of 4.9% to €1,851 million, impacted by lower fixed-only and mobile revenues [28] - TOTEM, the TowerCo, achieved revenues of €178 million, up 2.5% year-on-year, with a tenancy ratio of 1.43 co-tenants per site [30][31] Strategic Developments - The company signed three agreements with trade unions in France to enhance employment and career path planning, focusing on training and recruitment [5] - MASORANGE, the joint venture in Spain, reported a 2.6% revenue increase and achieved significant synergies, targeting over €300 million in synergies for 2025 [34][36][37]
Orange: Orange files an application to cease to be a reporting issuer in Canada
Globenewswire· 2025-04-18 17:08
Core Viewpoint - Orange S.A has applied to cease being a reporting issuer in Canada to reduce reporting costs and complexity while maintaining corporate governance standards and transparency [1][4]. Group 1: Application Details - Orange has submitted an application to the Autorité des Marchés Financiers and the Ontario Securities Commission for an order to stop being a reporting issuer in all provinces and territories of Canada [1][2]. - If granted, Orange will no longer be required to file financial statements and other continuous disclosure documents in Canada [2]. Group 2: Disclosure Commitments - After ceasing to be a reporting issuer, Orange will continue to provide Canadian securityholders with all required disclosure materials under French securities laws, available on its website [3]. - Continuous disclosure materials mailed to securityholders in France will also be sent to Canadian securityholders who opted to receive such materials [3]. Group 3: Strategic Rationale - The decision to cease reporting is aimed at improving internal simplification and efficiency, aligning with Orange's strategic goals [4]. - The move is expected to have no impact on Orange's clients, partners, or its commercial presence in Canada [4]. Group 4: Company Overview - Orange is a leading telecommunications operator with revenues of €40.3 billion in 2024 and a workforce of 127,000 employees globally [5]. - The company serves 291 million customers worldwide, including 253 million mobile and 22 million fixed broadband customers [5]. - Orange is also a prominent provider of IT and telecommunication services to multinational companies under the Orange Business brand [6].
Orange: Shareholders' Meeting 21 May 2025 - Details concerning the availability of information on the Combined Ordinary and Extraordinary Shareholders' Meeting
Globenewswire· 2025-04-18 13:16
Press releaseIssy-les-Moulineaux, 18 April 2025 Combined Ordinary and Extraordinary Shareholders’ Meeting of21 May 2025 Details concerning the availability of information on the Combined Ordinary and Extraordinary Shareholders’ Meeting The Orange combined Ordinary and Extraordinary Shareholders’ Meeting will be held on Wednesday 21 May 2025 at 3:00 pm CET at the Salle Pleyel - 252, rue du Faubourg-Saint-Honoré, 75008 Paris, France. The meeting notices were published on 24 February and 18 April 2025 in the ...
Aura Announces Q1 2025 Production Results
Globenewswire· 2025-04-10 11:00
ROAD TOWN, British Virgin Islands, April 10, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) is pleased to announce Q1 2025 preliminary production results from the Company’s four operating mines: Aranzazu, Apoena, Minosa and Almas. Total production in Q1 2025 reached 60,087 gold equivalent ounces (“GEO”)1, 9% below the fourth quarter of 2024 and a 7% decrease compared to the same period last year at constant metal prices. The Company remains on t ...