Ignitis Group has agreed to sell 49% of its shares in Vilnius CHP
Globenewswire· 2026-02-25 07:00
AB “Ignitis grupė“ (hereinafter – the Group) informs that on 24 February 2026, as part of its asset rotation program and in order to ensure proper implementation of the decision of the European Commission (hereinafter – the EC), it has agreed with Quaero European Infrastructure Fund III, a fund managed by Quaero Capital SA (hereinafter – Quaero Capital), on the sale of a 49% stake in UAB Vilniaus kogeneracinė jėgainė (hereinafter – Vilnius CHP) managed by the Group. This is one of the largest foreign direct ...
VINCI launches an issue of bonds exchangeable for existing ordinary shares of Groupe ADP due 2031 for a nominal amount of €500m
Globenewswire· 2026-02-25 07:00
Core Viewpoint - VINCI is launching a €500 million bond exchangeable for existing ordinary shares of Groupe ADP, aiming to monetize part of its stake at a premium compared to the reference price [1][2]. Group 1: Bond Details - The bonds will mature in 5 years, with a maturity date set for 4 March 2031, and will carry a coupon rate between 0.75% and 1.25% per annum, payable semi-annually starting from 4 September 2026 [3][4]. - The initial exchange price is expected to be set at a premium of 30% to 35% above the reference share price, determined by the Volume Weighted Average Price (VWAP) on Euronext Paris [3][4]. - If fully exchanged at maturity, VINCI will retain approximately 4.9% of Groupe ADP's share capital [4]. Group 2: Use of Proceeds - The proceeds from the bond issuance will be utilized for general corporate purposes [5]. Group 3: Offering Process - The bonds will be offered through an accelerated book building process exclusively to qualified investors, without a public offering [6][8]. - VINCI has committed to a lock-up period concerning its shares in Groupe ADP for 90 days post-issue date, with certain exceptions [7]. Group 4: Key Characteristics - Total amount of the bond issue is €500 million, with an issue price of 100% of the principal amount [7]. - The bonds will have a principal amount of €100,000 for each bond, and the exchange period will commence 41 calendar days after the issue date [7][30].
Novonesis' Annual Report 2025
Globenewswire· 2026-02-25 06:57
Core Insights - Novonesis achieved strong organic sales growth of 7% in 2025, with an adjusted EBITDA margin of 37.1% and robust cash flow despite currency challenges [1][4] - The company anticipates a positive start to 2026, projecting continued growth across all sales areas and margin expansion [1][4] Financial Performance - Organic sales growth was broad-based, with Food & Health segment growing at 8% and Planetary Health at 6% [4] - Emerging Markets saw a 9% organic growth, while Developed Markets grew by 6% [4] - Adjusted net profit increased by 17%, and free cash flow before acquisitions was EUR 770.4 million, representing 19% of sales [4] - Proposed dividend of DKK 4.25 per share, with a payout ratio of 58.4% of adjusted net profit for 2025 [4] Strategic Developments - The company launched 33 new products in 2025, with innovations from the last five years accounting for 25% of sales [4] - Novonesis achieved all six environmental and social targets for 2025 and is on track for future commitments [4] 2026 Outlook - The company expects organic sales growth between 5-7% for 2026, with some uncertainty regarding consumer sentiment [4] - The outlook includes approximately 1%-point contribution from positive pricing and sales synergies, alongside a near 1%-point negative impact from exiting certain countries [4] - Adjusted EBITDA margin is projected to be between 37-38%, with expected margin expansion despite currency headwinds [4]
Outlook for 2026 and new share buyback
Globenewswire· 2026-02-25 06:53
Group 1: Outlook for 2026 - AL Sydbank projects moderate growth in the Danish economy for 2026, with profit after tax expected to be in the range of DKK 3,500-4,000 million, assuming the Danish central bank maintains the certificate of deposit rate [1] Group 2: Share Buyback Program - The Board of Directors has approved a share buyback program amounting to DKK 1,100 million, aimed at reducing the Bank's share capital [2] - The share buyback program will commence on March 2, 2026, and is scheduled to be completed by January 31, 2027 [3] - Danske Bank A/S has been selected to manage the share buyback program, which will adhere to the Safe Harbour rules as per EU regulations [4] Group 3: Purchase Guidelines - Shares will not be purchased at a price exceeding the higher of the last independent trade price or the highest current independent purchase bid on the trading venue [5] - Daily purchases will be limited to 25% of the average daily volume of shares traded in the preceding 20 trading days [5] - AL Sydbank will disclose the number and value of repurchased shares every week on the first banking day [5] Group 4: Program Flexibility - AL Sydbank reserves the right to suspend or terminate the share buyback program at any time, with such decisions to be announced publicly [6]
Notice convening the Annual General Meeting
Globenewswire· 2026-02-25 06:51
Group 1 - The Annual General Meeting of AL Sydbank A/S is scheduled for Thursday, March 19, 2026, at 3:00 PM [1] - The notice and agenda for the general meeting have been attached to the announcement [1]
Ageas reports full-year 2025 results
Globenewswire· 2026-02-25 06:30
Core Insights - Ageas reported strong financial results for the full year 2025, highlighting a transformational year for the company [1][2] - The company achieved a 9% increase in inflows, with a notable 33% rise in net operating results, reaching EUR 1.65 billion [1][2] - Ageas proposed a gross cash dividend of EUR 3.75, reflecting its commitment to shareholders [1][2] Financial Performance - Total inflows reached EUR 19.6 billion, marking a 9% increase compared to 2024 [1] - The net operating result was EUR 1.65 billion, up 33% from the previous year [1] - Free cash flow amounted to EUR 774 million, representing a 19% increase year-over-year [1] - The proposed gross cash dividend for 2025 is EUR 3.75, a 7% increase from 2024 [1] Strategic Developments - The acquisition of esure positioned Ageas as the 3rd largest personal lines insurer in the UK, while full ownership of Belgium's leading insurer AG was secured [2] - The Elevate27 strategy gained momentum, allowing the company to raise financial targets twice during the year [2] - Key strategic initiatives included a focus on ageing, SMEs, and enhanced use of Data & AI [2] Sustainability and ESG Performance - Ageas made significant progress in sustainability, earning positive recognition from employees and customers [2] - The company ranks in the top quartile with three of the five ESG rating agencies it engages with [2] - The portfolio of sustainable products continued to grow, reflecting the trust of customers and employees [2]
BUREAU VERITAS - Sector-leading organic revenue growth of 6.5% in FY 2025, strong margin improvement to 16.3% in FY 2025, positive growth outlook with continued margin expansion in 2026 and new EUR 200 million share buyback
Globenewswire· 2026-02-25 06:30
Core Insights - Bureau Veritas achieved sector-leading organic revenue growth of 6.5% in FY 2025, with a strong margin improvement to 16.3% [1][4][10] - The company has a positive growth outlook for 2026, expecting continued margin expansion and a new EUR 200 million share buyback program [1][4][8] Financial Performance - Full-year revenue reached EUR 6,466.4 million, up 6.5% organically, with Q4 organic growth at 6.3% [4][9][40] - Adjusted operating profit increased to EUR 1,052.9 million, a 5.7% rise from EUR 996.2 million in FY 2024, with an adjusted operating margin of 16.3% [4][9][37] - Adjusted net profit was EUR 631.4 million, up 1.7% from EUR 620.7 million in FY 2024, with adjusted EPS at EUR 1.42, reflecting a 2.8% increase [4][9][47] - Free cash flow totaled EUR 824.2 million, a 3.9% organic increase, with cash conversion at 107% [4][9][50] Strategic Developments - The company executed nine bolt-on acquisitions in 2025, contributing EUR 96 million in annualized revenue, while also divesting two non-core activities [4][20][21] - The LEAP I 28 strategy is progressing, with a focus on enhancing operational leverage and functional scalability [4][5][20] - A new organizational structure was implemented to accelerate strategy execution and improve alignment across geographic platforms [4][26][28] Market Trends and Growth Drivers - Strong organic growth was driven by increased energy investments, digital infrastructure development, and demand for corporate risk assessment solutions [4][10][20] - The Americas region saw organic revenue growth of 4.0%, Europe at 4.1%, Asia-Pacific at 8.2%, and the Middle East & Africa at 16.6% [4][40] Shareholder Returns - Bureau Veritas achieved double-digit shareholder returns, supported by a 9% EPS growth at constant currency and a proposed dividend of EUR 0.92 per share, up 2.2% year-on-year [4][13][14] - The new EUR 200 million share buyback program represents approximately 1.5% of outstanding share capital [4][8][13]
Yuhang Economic Development Zone: "Qihang Road" Connects to a New Industrial Future
Globenewswire· 2026-02-25 06:19
Core Insights - The Hangzhou Municipal Government has approved new station names for Metro Line 10 and the Hangzhou-Deqing Intercity Railway, enhancing regional connectivity and industrial development [1] - Yuhang Economic Development Zone is positioned as a key industrial platform in Hangzhou, focusing on smart manufacturing and attracting various industries [3][5] Group 1: Transportation and Infrastructure - Two stations in Yuhang Economic Development Zone have been renamed to reflect their significance in regional transportation: Renhe South Station is now "Dongshanyang Station," and Renhe North Station is "Qihang Road Station" [1] - Qihang Road Station serves as the northern terminus of Metro Line 10's extension and a critical transfer hub for the Hangzhou-Deqing Intercity Railway, enhancing connectivity between Hangzhou and surrounding areas [1] Group 2: Economic Development Zone Overview - Yuhang Economic Development Zone is strategically located in the Yangtze River Delta, providing exceptional geographical advantages and access to major transportation routes [3] - The zone emphasizes smart manufacturing, focusing on new equipment, new materials, and new energy, forming a "One Smart, Three New" industrial system [5] Group 3: Innovation and Research - The zone has partnered with Zhejiang University to establish the Advanced Electrical Equipment Innovation Center, which focuses on research in new energy vehicle systems and intelligent robotics [6] - Over 570,000 square meters of incubation space are available, supporting the growth of enterprises at all stages [6] Group 4: Supportive Policies - Yuhang Economic Development Zone offers substantial support policies for attracting global resources, including equipment subsidies and R&D grants for eligible projects [7] - Specific incentives are provided for integrated circuit and robotics enterprises, promoting industry growth [7] Group 5: Comprehensive Development - The zone is advancing its development philosophy of enhancing the environment, technology, and smart manufacturing to support industrial upgrading [8] - Educational, medical, and residential amenities are being developed to support talent and enterprises, including schools and commercial complexes [8] Group 6: Future Outlook - Yuhang Economic Development Zone aims to enhance its smart manufacturing capabilities and achieve national-level economic and technological development status through continuous improvements in its ecosystem and business environment [9]
NORBIT – Advanced negotiations regarding a NOK 115 million contract
Globenewswire· 2026-02-25 06:15
Core Insights - NORBIT is in advanced negotiations for a contract manufacturing order valued at approximately NOK 115 million with a European client in the defence and security sector, expected to be delivered in Q2 2026 [1] - The company recently received another order worth approximately NOK 80 million for deliveries in the same quarter, indicating strong demand in the defence and security market [1] Industry Context - The defence and security market is experiencing strong activity, with a short delivery window once contracts are awarded, necessitating preparedness and scalable capacity [2] - Agility and trust are essential for successful partnerships in this market, and the company emphasizes its role in enhancing security and resilience [2] Company Overview - NORBIT is a global provider of tailored technology, structured into three business segments: Oceans, Connectivity, and Product Innovation & Realization [3] - The Oceans segment focuses on technology solutions for maritime markets, Connectivity provides wireless solutions for identification and tracking, and Product Innovation & Realization offers R&D services and contract manufacturing [3] - The company is headquartered in Trondheim, employs around 700 people, and has manufacturing capabilities in Europe and North America [3]
Vopak announces a multi-year share buyback program of up to EUR 500 million and commences the first tranche of up to EUR 100 million
Globenewswire· 2026-02-25 06:02
Core Viewpoint - Vopak has announced a multi-year share buyback program of up to EUR 500 million, with the first tranche of up to EUR 100 million set to commence on 26 February 2026 [1][3]. Group 1: Share Buyback Program - The multi-year share buyback program is part of a broader shareholder distribution initiative totaling around EUR 1.7 billion through year-end 2030 [2]. - The first tranche of the share buyback program will run from 26 February 2026 to no later than 26 February 2027, subject to board and shareholder approvals [3]. - The share buyback will be executed under the safe harbour regime of the Market Abuse Regulation and within the limits of existing authority granted at the 2025 Annual General Meeting [3]. Group 2: Dividend Policy - Vopak has enhanced its progressive dividend policy, aiming to increase its dividend per share by 5% or more annually [2]. Group 3: Execution and Oversight - The share buyback program will be conducted by an independent intermediary, allowing for open market transactions during both open and closed periods [4]. - There are no agreements with existing shareholders regarding their participation in the share buyback program, which is separate from any share transactions related to long-term incentive programs for employees [4]. Group 4: Communication and Updates - Vopak will provide weekly updates on the progress of the share buyback program through press releases and transaction details on its website [5].