Sydbank delivers a highly satisfactory profit in Q3 2025 and further clarifies profit forecast for 2025
Globenewswire· 2025-10-29 07:49
Core Insights - Sydbank reported a profit after tax of DKK 710 million for Q3 2025, an increase from DKK 567 million in Q2 2025, indicating strong financial performance [1] - The bank's return on equity stands at 17.4%, reflecting effective business expansion and customer acquisition across corporate, retail, and private banking segments despite macroeconomic challenges [1] Financial Performance - For the first three quarters of 2025, core income reached DKK 4,986 million, while total income was DKK 5,190 million, showing a decline from DKK 5,447 million and DKK 5,670 million in 2024 respectively [3][4] - Core earnings before impairment for Q3 2025 were DKK 917 million, up from DKK 814 million in Q2 2025, while core earnings for the same period were DKK 899 million compared to DKK 752 million in Q2 2025 [3] - The bank expects profit after tax for the full year 2025 to be in the range of DKK 2,400-2,600 million, an upward revision from the previous forecast of DKK 2,200-2,600 million [2] Income Breakdown - Net interest income for Q1-Q3 2025 was DKK 2,750 million, down from DKK 3,356 million in 2024, with Q3 2025 net interest income at DKK 901 million, slightly up from DKK 899 million in Q2 2025 [4] - Trading income for Q3 2025 increased to DKK 77 million from DKK 63 million in Q2 2025, while total income for Q3 2025 was DKK 1,728 million, up from DKK 1,698 million in Q2 2025 [3]
Gabriel Holding A/S’s calculated and unaudited result for the continuing operations for the financial year 2024/25 exceeds the previously announced expectations.
Globenewswire· 2025-10-29 07:49
Core Insights - The company expects revenue for continuing operations in the financial year 2024/25 to be between DKK 510–520 million and an operating profit (EBIT) of DKK 35–40 million, compared to DKK 19.7 million in 2023/24 [1] - The annual report for 2024/25 is set to be published on 20 November 2025, showing a revenue increase to DKK 516.0 million, a growth of DKK 32.5 million (7%) from DKK 483.5 million last year, and an EBIT of DKK 44 million [2] - Original expectations for 2023/24 were a revenue of DKK 485–530 million and an EBIT of DKK 20–30 million, with actual revenue realized at the upper end of expectations due to improved productivity [3] Financial Performance - The preliminary calculated and unaudited EBIT for the combined continuing and discontinued operations was DKK 28 million, up from DKK 10.9 million in 2023/24 [4] - The overall performance reflects strong progress in continuing operations globally and effective execution of the FurnMaster business in Europe, despite a negative contribution from the FurnMaster business in Mexico due to ongoing restructuring [4] Business Operations - The Group's global furniture manufacturing activities, FurnMaster, are still up for sale and are classified as discontinued operations [3]
Francois Guetat joins Suominen as COO
Globenewswire· 2025-10-29 07:35
Core Viewpoint - Suominen Corporation has appointed Francois Guetat as Chief Operating Officer, effective November 3, 2025, following the departure of Darryl Fournier [1][4]. Group 1: Leadership Changes - Francois Guetat brings over 20 years of global experience in operations, supply chain, and manufacturing excellence, previously serving as SVP of Integrated Supply Chain at Kalmar [2]. - Darryl Fournier, the outgoing COO, will remain with Suominen until the end of January 2026 to focus on strategic projects [4]. Group 2: Company Overview - Suominen manufactures nonwovens as roll goods for wipes and other applications, with a vision to lead in nonwovens innovation and sustainability [5]. - The company's net sales in 2024 were EUR 462.3 million, and it employs over 700 professionals across Europe and the Americas [5].
Suominen Corporation’s Interim Report for January 1 – September 30, 2025: Profitability affected by exceptional events, outlook reduced
Globenewswire· 2025-10-29 07:30
Core Insights - Suominen Corporation's profitability has been negatively impacted by exceptional events, leading to a reduced outlook for 2025 compared to previous expectations [2][10][75] Financial Performance - In Q3 2025, net sales decreased by 11% year-over-year to EUR 99.8 million, while for the first nine months of 2025, net sales decreased by 8% to EUR 317.1 million [2][12] - Comparable EBITDA for Q3 2025 was EUR 3.4 million, slightly up from EUR 3.3 million in Q3 2024, while for the first nine months, it decreased to EUR 10.7 million from EUR 12.8 million in the same period of 2024 [6][16] - The company reported a profit for the period of EUR -2.0 million in Q3 2025, an improvement from EUR -3.2 million in Q3 2024, and a loss of EUR -8.2 million for the first nine months compared to EUR -6.1 million in the same period of 2024 [15][18] Operational Challenges - Two significant incidents at US plants during Q3 2025, including an equipment failure and flooding, negatively impacted production and resulted in an estimated EUR 2.8 million loss in comparable EBITDA [6][10] - Cash flow from operations improved significantly to EUR 15.7 million in Q3 2025, compared to a negative cash flow of EUR -2.6 million in Q3 2024 [21] Market and Outlook - The company has revised its full-year guidance for 2025, now expecting comparable EBITDA to be lower than in 2024, which was EUR 17.0 million [2][10][75] - The demand for nonwoven products is expected to recover in the second half of the year, but the recovery has been slower than anticipated due to earlier supply chain disruptions [4][68] Sustainability Initiatives - Suominen received a Gold Medal from EcoVadis for the second consecutive year, placing it in the top 2% of companies in the textile manufacturing industry [9][25] - The company aims for over two-thirds of its raw materials to be plant-based and for more than half of its new R&D initiatives to focus on sustainable products [28]
Ignitis Group to present 9M 2025 results on 12 November
Globenewswire· 2025-10-29 07:00
Group Overview - AB "Ignitis grupė" will release its 9M 2025 results on Wednesday, 12 November 2025 [1] - An earnings call for investors and analysts will take place on the same day at 1:00 pm Vilnius / 11:00 am London time [1] Investor Engagement - Investors can join the earnings call online or by phone after registering [1] - Questions can be directed to the Group's Investor Relations team in advance or live during the earnings call [1] Additional Resources - Presentation slides will be available for download prior to the call [2] - The First nine months 2025 interim report, Fact Sheet (in Excel), and other published documents will also be available for download [2] - Contact information for Communications and Investor Relations is provided for further inquiries [2]
Board Update
Globenewswire· 2025-10-29 07:00
Core Viewpoint - Kenmare Resources plc has announced the appointment of Ekaterina (Katia) Ray as an independent Non-Executive Director, alongside other changes to its Board of Directors, aimed at strengthening the company's governance and strategic direction [2][3]. Group 1: Board Changes - Katia Ray has been appointed as an independent Non-Executive Director and member of the Remuneration Committee, effective immediately [2]. - Graham Martin will retire from the Board after nine years of service, effective January 31, 2026 [8]. - Elaine Dorward-King will take on the role of Senior Independent Director, while Katia Ray will chair the Remuneration Committee and Deirdre Somers will chair the Nomination Committee [8]. Group 2: Background of Katia Ray - Katia Ray has over 25 years of senior-level experience in the mining sector, including roles at FTSE 100 companies across Europe, Africa, North America, and Asia [5]. - She has held various senior positions in sales, marketing, business development, and change management during her 15 years at Rio Tinto [5]. - Katia founded her consultancy, KPNB Limited, in 2009, providing strategic advice to multinational corporations and private equity firms [6]. Group 3: Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [2]. - The Moma mine accounts for approximately 6% of global titanium feedstocks, supplying customers in over 15 countries [9].
Mowi ASA (OSE:MOWI): Notice to Extraordinary General Meeting
Globenewswire· 2025-10-29 07:00
Mowi ASA will conduct an Extraordinary General Meeting on 20 November 2025. Please find attached the notice to the meeting, including proposal from the Nomination Committee. Mowi's acquisition of Nova Sea AS has been completed, and the Extraordinary General Meeting is held to elect former chair and owner of Nova Sea AS, Aino Olaisen, as a new member of the Board of Directors of Mowi. The Nomination Committee 's recommendation to the Extraordinary General Meeting is that Aino Olaisen is elected as a new memb ...
ING to appoint Ida Lerner as chief financial officer
Globenewswire· 2025-10-29 07:00
ING to appoint Ida Lerner as chief financial officer ING announced today that Ida Lerner will be appointed chief financial officer of ING. Until recently, Ida served as chief financial officer at Norwegian bank DNB. She will succeed Tanate Phutrakul who will step down from his position at ING’s Annual General Meeting in April 2026 as announced in July 2025. Effective 1 April 2026, Ida will be appointed as member of the Management Board Banking. The Supervisory Board will propose to shareholders to appoint ...
PST Group AB shares will be removed from the Baltic Main List on 12 December 2025
Globenewswire· 2025-10-29 06:43
Core Point - Nasdaq Vilnius has changed the effective date for the delisting of PST Group AB shares from December 31, 2025, to December 12, 2025 [1] Summary by Sections - **Delisting Information** - PST Group AB shares (PTR1L, ISIN code LT0000101446) will be delisted from the Main List after the trading session on December 12, 2025, marking the last day for trading these shares on Nasdaq Vilnius [1]
Financial Statement, first nine months of 2025
Globenewswire· 2025-10-29 06:35
Core Insights - Jyske Realkredit A/S has approved its financial statement for the first nine months of 2025, indicating a formal acknowledgment of its financial performance during this period [1]. Financial Performance - The financial statement covers the performance metrics and results for the first three quarters of 2025, which are detailed in the attached document [2].