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Siili Solutions Plc, Half-year report, 1 January–30 June 2025 (unaudited)
Globenewswire· 2025-08-12 06:00
Financial Performance - Revenue for the first half of 2025 was EUR 57.5 million, a decline of 2.8% year-on-year, attributed to challenging market conditions and fewer working days compared to the previous year [3][12] - Adjusted EBITA for the same period was EUR 2.6 million, representing 4.5% of revenue, down from 5.6% in the previous year [8][15] - The second quarter revenue was EUR 27.6 million, reflecting a decline of 5.9% year-on-year, with adjusted EBITA at EUR 1.3 million, or 4.7% of revenue [8][12] Strategic Developments - The company is implementing a data and AI-driven strategy, having taken significant steps in the first half of the year to support clients in their AI transformation [4][10] - The Advisory business area launched in March 2025 has started strongly, indicating a positive response to the updated operational model [6][8] - The company has strengthened its position in the security-critical sector through strategic partnerships with organizations such as NATO Communications and Information Agency [6][8] Employee and Operational Changes - The average number of employees during the reporting period was 921, a decrease from 987 in the previous year, reflecting efficiency-improvement measures [14][15] - Over 400 employees completed AI training, enhancing the company's expertise in AI-powered software development [7][8] - The company has acquired a majority stake in Integrations Group Oy, further strengthening its competence profile [7][8] Financial Outlook - Revenue for 2025 is projected to be between EUR 108 million and EUR 130 million, with adjusted EBITA expected to range from EUR 4.7 million to EUR 7.7 million [2][3] - The company aims to maintain a net debt-to-EBITDA ratio below two and plans to pay dividends corresponding to 30-70% of net profit annually [9][10] Cash Flow and Financing - Cash flow from operations decreased significantly to EUR 1.5 million, a decline of 69.6% year-on-year, primarily due to reduced net profit and trade payables [18][20] - The company reported cash flow from investing activities of EUR -5.3 million, which included payments for acquisitions [19][20] - At the end of the reporting period, cash and cash equivalents totaled EUR 15.9 million, with EUR 2.5 million in unused credit facilities [21][22]
ISS increases its share buyback programme by DKK 500 million and commences second tranche
Globenewswire· 2025-08-12 05:31
Core Viewpoint - ISS A/S has increased its share buyback programme by DKK 500 million, now totaling up to DKK 3,000 million, to redistribute excess cash to shareholders and meet obligations from share-based incentive programmes [1][2][4]. Group 1: Share Buyback Programme Details - The second tranche of the share buyback programme will be up to DKK 1,750 million, commencing today and concluding by 13 February 2026 [1][4]. - The first tranche of approximately DKK 1,250 million was completed on 8 August 2025 [4]. - The programme is authorized to acquire treasury shares up to 15% of ISS' share capital [2]. Group 2: Regulatory Compliance - The share buyback programme is conducted in accordance with the Market Abuse Regulation and the Safe Harbour Regulation [3]. Group 3: Operational Framework - The maximum total consideration for shares to be bought back is up to DKK 3,000 million, with a maximum nominal value of shares to be acquired being DKK 22 million [6]. - Shares may be purchased on Nasdaq Copenhagen and other trading venues, with daily purchase limits set at 25% of the average daily trading volume over the preceding 20 days [6]. - The purchase price for treasury shares must not deviate by more than 10% from the quoted price at the time of acquisition [6]. Group 4: Company Overview - ISS is a global provider of workplace and facility service solutions, employing 325,000 individuals and generating DKK 83.7 billion in revenue in 2024 [5][7].
Enlight Research updated equity research on EfTEN Real Estate Fund AS
Globenewswire· 2025-08-12 05:30
Core Viewpoint - Enlight Research has updated the equity research and price target for EfTEN Real Estate Fund AS, increasing the target price to a fair value of 22.86 euros, which is 1.6% higher than the previous analysis and nearly 20% higher than the last closing price on the Tallinn Stock Exchange [1]. Group 1: Financial Performance - The fair value of EfTEN Real Estate Fund AS shares is set at 22.86 euros under the base scenario [1]. - The new target price reflects a 1.6% increase compared to the analysis published in December [1]. - The target price is almost 20% higher than the last closing price of the stock [1]. Group 2: Operational Highlights - EfTEN Real Estate Fund AS is experiencing increasing dividend distributions [2]. - The fund has high occupancy rates in logistics, retail, and elderly care segments [2]. - There are early signs of decreasing vacancy rates in the office segment [2]. - The real estate portfolio is conservatively priced [2].
Cabka H1 2025 Results on Track: Delivering on Key Milestones with Improved Visibility for H2
Globenewswire· 2025-08-12 05:30
Core Insights - Cabka N.V. has reported its unaudited results for the first half of 2025, indicating a slight decline in total sales but early signs of improved commercial momentum, particularly in the US market [1][4][26] Financial Performance - Total sales for H1 2025 amounted to €90.0 million, a decrease of 2% compared to H1 2024 [7][10] - Gross operating margin improved to 51.7%, up 220 basis points from 49.5% in H1 2024 [7][8] - Operational EBITDA decreased to €9.1 million, down 13% year-on-year, primarily due to a deliberate reduction in inventory [7][16] - The net result for H1 2025 was a loss of €4.7 million, compared to a loss of €1.9 million in H1 2024, reflecting a 147% decline [7][30] Sales Breakdown - Sales in Europe were €57.7 million, an 8% decrease from €62.8 million in H1 2024, attributed to market volatility and customer hesitance [11] - US sales increased by 9% to €12.0 million, supported by a new commercial strategy and improved capacity utilization [12] - Customized solutions sales remained steady, while contract manufacturing saw a significant rebound, increasing by 24% [11] Cost Management - The company achieved a €5.8 million inventory reduction as part of its Shift program, which also contributed to improved cash flow from operations [5][13] - Operating expenses decreased by €0.5 million year-on-year, with notable savings in personnel expenses [14] Cash Flow and Debt Management - Cash from operating activities improved to €0.2 million, a significant recovery from a cash outflow of €4.4 million in H1 2024 [17] - Total cash balance as of June 30, 2025, was €3.0 million, down from €4.7 million at the end of 2024 [20] Capital Expenditures - CAPEX for H1 2025 was €5.4 million, a 42% decrease from €9.3 million in H1 2024, reflecting a disciplined approach to capital expenditures [9][24] - Investments were split between replacement & maintenance and expansion & automation initiatives [25] Strategic Outlook - The company remains confident in its guidance for 2025, expecting sales and EBITDA to be at least in line with 2024, bolstered by a strengthening order book [26][28] - The Shift program is yielding tangible results, contributing to a leaner cost base and improved operational efficiency [27] Environmental, Social, and Governance (ESG) - Cabka's commitment to circularity is evident, with 87% of raw material intake sourced from recycled materials [32] - The company received a Platinum Medal from EcoVadis, reflecting its leadership in sustainability management [33][34]
Sampo plc’s share buybacks 11 August 2025
Globenewswire· 2025-08-12 05:30
Group 1 - Sampo plc announced a share buyback program of up to EUR 200 million, which commenced on 7 August 2025 [1][2] - On 11 August 2025, Sampo plc acquired a total of 329,001 A shares at an average price of EUR 9.80 per share [1] - Following the transactions, Sampo plc owns a total of 985,898 A shares, representing 0.04% of the total number of shares [2] Group 2 - The share buyback program is in compliance with the Market Abuse Regulation (EU) 596/2014 and the Commission Delegated Regulation (EU) 2016/1052 [1] - The authorization for the buyback program was granted by Sampo's Annual General Meeting on 23 April 2025 [1]
Interim report for 1 January – 30 June 2025
Globenewswire· 2025-08-12 05:30
Company Announcement Copenhagen, 12 August 2025No. 47/2025 Interim report for 1 January – 30 June 2025 Continued robust financial development. Second tranche of the share buyback programme increased by DKK 500 million to DKK 1,750 million Highlights Financial performance Organic growth was 3.8% in Q2 2025 (Q2 2024: 5.8%), and 4.1% in H1 2025 (H1 2024: 5.9%), mainly driven by price increases and projects and above-base work, partially offset by net negative contract wins as previously communicated.Operating ...
Change in composition of the Supervisory Board of ForFarmers
Globenewswire· 2025-08-12 05:30
Lochem, 12 August 2025 Change in composition of the Supervisory Board of ForFarmers ForFarmers today announces that Erwin Wunnekink, member of the Supervisory Board, has decided to step down from his position as of 1 November 2025. Mr Wunnekink has indicated that he will pursue a new professional opportunity elsewhere, which is not compatible with his role on the Supervisory Board of ForFarmers. "It is unfortunate that Erwin Wunnekink will leave ForFarmers earlier than planned, ahead of his scheduled depart ...
Novartis ianalumab Phase III trial meets primary endpoint in ITP, demonstrating statistically significant improvement in time to treatment failure
Globenewswire· 2025-08-12 05:15
Ianalumab prolonged the duration of safe platelet levels during and after treatment in patients with primary immune thrombocytopenia (ITP) previously treated with corticosteroids1,2 Patients treated with ianalumab also experienced a significantly higher rate of sustained improvements in platelet count, the key secondary endpoint of the study1 Ianalumab, administered as four once-monthly doses in the ITP setting, could offer long-term disease control through a short course of treatment and potentially allo ...
LHV Group results in July 2025
Globenewswire· 2025-08-12 05:00
July was characterised by strong growth in business volumes. The LHV Group’s consolidated loan portfolio increased by EUR 33 million month-on-month, reaching EUR 5.03 billion. Deposit volume increased by EUR 260 million, reaching EUR 7.62 billion. The volume of the funds managed by LHV increased by EUR 33 million, reaching EUR 1.60 billion. Payments related to financial intermediaries amounted to 6.8 million in July. In July, AS LHV Group earned EUR 10.5 million in consolidated net profit. Among subsidiarie ...
TextMagic AS 2025 6 months consolidated unaudited interim report
Globenewswire· 2025-08-12 05:00
In the first half of 2025, revenue amounted to €7,115 thousand (H1 2024: €7,809 thousand). The decline was mainly due to a more competitive pricing strategy that was implemented on the Textmagic platform. EBITDA was €2,581 thousand (H1 2024: €3,149 thousand), and the operating loss totaled to €123 thousand (H1 2024: operating profit of €1,097 thousand). Profitability was negatively affected by an increase in amortization expenses of €652 thousand, resulting from the higher volume of development activities i ...