Annual Financial Report and Notice of AGM
Globenewswire· 2025-07-25 06:00
Group 1 - The annual report and financial statements of Northern 2 VCT PLC for the year ended 31 March 2025 have been submitted to the National Storage Mechanism [1] - A circular to shareholders, including the notice of the 2025 Annual General Meeting scheduled for 6 August 2025, has also been released [1] - Copies of the Annual Report and the Circular are available on the Company's website [2]
Management changes in Inbank’s subsidiary companies
Globenewswire· 2025-07-25 05:30
Group 1 - AS Inbank has updated its group-wide governance principles, leading to management changes across significant subsidiaries [1] - As of July 10, 2025, Marko Varik was recalled from the Supervisory Board of AS Inbank Finance and appointed to its Management Board, which now includes Piret Paulus and Margus Kastein [2] - The Supervisory Board of AS Inbank Finance now consists of Priit Põldoja, Evelin Lindvers, and Ivar Kurvits [2] Group 2 - As of May 26, 2025, the new Management Board Members of Inbank Ventures OÜ are Margus Kastein and Ivar Kurvits, along with Marko Varik [3] - As of June 2, 2025, Gatis Bergs was recalled from the Management Board of Inbank Latvia SIA, which now includes Dainis Skrinda, Juris Filipovs, and Margus Kastein [3] Group 3 - Inbank is a financial technology company with an EU banking license, connecting merchants, consumers, and financial institutions on its embedded finance platform [4] - Inbank partners with over 5,600 merchants and has more than 941,000 active contracts, collecting deposits across 7 European markets [4] - Inbank bonds are listed on the Nasdaq Tallinn Stock Exchange [4]
BW Energy: Invitation to Q2 2025 and half-year results presentation 01 August
Globenewswire· 2025-07-25 05:30
Group 1 - BW Energy will release its second quarter and half-year 2025 results on August 1, 2025, at 07:00 CEST, followed by a conference call at 14:00 CEST hosted by CEO Carl K. Arnet and CFO Brice Morlot [1] - The conference call can be accessed via various international dial-in numbers, with a specific conference code provided for participants [2] - BW Energy is a growth exploration and production (E&P) company focusing on proven offshore oil and gas reservoirs through low-risk phased developments, with significant interests in various fields and licenses [3] Group 2 - The company holds a 73.5% interest in the producing Dussafu Marine license offshore Gabon, a 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, and a 95% interest in the Kudu field in Namibia [3] - BW Energy's total net 2P+2C reserves and resources were reported to be 599 million barrels of oil equivalent at the start of 2025 [3]
Vallourec Second Quarter 2025 Results
Globenewswire· 2025-07-25 05:30
Core Insights - Vallourec reported its second quarter 2025 results, showcasing resilience in its business model despite challenges in shipments and market conditions [1][4]. Financial Performance - Group EBITDA for Q2 2025 was €187 million, reflecting a 10% sequential decline but slightly above guidance midpoint, with a strong EBITDA margin of 22% [6][10]. - Tubes EBITDA margin improved by 76 basis points sequentially to 19%, although Tubes EBITDA declined by 13% due to lower volumes [6][10]. - Mine & Forest EBITDA decreased by 15% sequentially, impacted by lower market prices and higher costs, yet maintained a strong margin of 52% [6][10]. - Total cash generation amounted to €57 million, with adjusted free cash flow at €88 million [6][10]. Shareholder Returns - The company returned €370 million to shareholders through dividends of €1.50 per share and the repurchase of 1.2 million shares in Q2 2025 [4][6]. Operational Developments - The Brazil Performance Program is ahead of schedule, with significant operational simplifications completed, including the closure of a legacy Plug mill [5][7]. - Cost savings initiatives exceeded the target of €150 per tonne, enhancing operational efficiency [7]. Market Outlook - Q3 2025 Group EBITDA is projected to range between €195 million and €225 million, with expectations for improved performance in the second half of 2025 compared to the first half [4][6]. - The international OCTG market remains resilient, with recent contract awards indicating strong demand for Vallourec's premium products [8][9]. - In the US, market prices improved due to steel tariffs, and while oil drilling activity has decreased, gas drilling has rebounded, supporting demand for Vallourec's products [9].
BUREAU VERITAS - Robust organic revenue growth and strong margin increase in H1 2025 as the LEAP | 28 strategy execution accelerates; Confirmed 2025 outlook
Globenewswire· 2025-07-25 05:30
Core Insights - Bureau Veritas reported robust organic revenue growth of 6.7% in H1 2025, with total revenue reaching EUR 3,192.5 million, up 5.7% year-on-year [5][22] - The company achieved an adjusted operating profit of EUR 491.5 million, reflecting an 8.8% increase compared to H1 2024, with an adjusted operating margin of 15.4%, up 44 basis points year-on-year [5][23] - Bureau Veritas confirmed its full-year 2025 outlook, expecting mid-to-high single-digit organic revenue growth and continued margin improvements [4][19] H1 2025 Key Figures - Revenue: EUR 3,192.5 million, up 5.7% year-on-year [7] - Adjusted operating profit: EUR 491.5 million, up 8.8% [7] - Adjusted net profit: EUR 292.4 million, up 1.4% [7] - Attributable net profit: EUR 322.3 million, up 37.6% [7] - Free cash flow: EUR 168.0 million, down 11.5% year-on-year [7] H1 2025 Highlights - Strong organic growth across various sectors, with nearly a third of the portfolio achieving double-digit growth [8] - Significant contributions from Marine & Offshore and Industry segments, driven by trends in decarbonization and energy transition [8] - The company completed six bolt-on acquisitions, contributing approximately EUR 60 million in annualized revenue [5][11] Strategic Developments - Bureau Veritas executed a EUR 200 million share buyback program, representing about 1.5% of the company's shares [9][10] - Changes in the Executive Committee were announced to enhance strategy execution and operational efficiency [6][14] - The company aims to create new strongholds in fast-growing sectors and expand leadership positions in existing markets [12][13] Financial Position - Adjusted net financial debt stood at EUR 1,254.7 million, with a stable adjusted net debt/EBITDA ratio of 1.11x [34][36] - The company maintained a solid financial structure with EUR 867.5 million in cash and cash equivalents as of June 30, 2025 [34][36] - Working capital requirement decreased to EUR 439.0 million, representing 6.8% of revenue [33] Business Segment Performance - Marine & Offshore revenue increased by 10.6%, with a strong order book growth of 22.7% year-on-year [37][38] - Agri-Food & Commodities reported a 5.0% organic growth, with double-digit growth in Metals & Minerals [45][47] - The Industry division achieved 12.3% organic growth, driven by strong energy spending and demand for decarbonization services [52][53] Market Outlook - Bureau Veritas anticipates continued strong cash flow with a cash conversion rate above 90% [19] - The company is focused on executing its LEAP | 28 strategy, aiming for high single-digit total revenue growth and consistent margin improvements through 2028 [20][21]
Bureau Veritas expands its footprint in new strongholds through acquisitions in Cybersecurity, Nuclear and Transition Services
Globenewswire· 2025-07-25 05:25
Core Insights - Bureau Veritas is expanding its presence in Cybersecurity, Nuclear, and Transition Services through three targeted acquisitions, enhancing its portfolio in high-growth markets [1][2]. Group 1: Acquisitions Overview - The company has signed an agreement to acquire Dornier Hinneburg in Germany, which will strengthen its capabilities in the nuclear sector, focusing on technical advisory services and radiation protection related to decommissioning nuclear facilities. This subsidiary generated €14 million in revenue in 2024 and employs 108 experts [5]. - Bureau Veritas is acquiring the Institute For Cyber Risk (IFCR) in Denmark to establish a foothold in the Nordic cybersecurity market. IFCR specializes in Governance, Risk, and Compliance (GRC), offensive security, and cybersecurity training, generating €3 million in revenue in 2024 with a team of 25 skilled professionals [5]. - The acquisition of EcoPlus in South Korea will enhance Bureau Veritas' sustainability consulting services, particularly in Life Cycle Assessment (LCA) certification. EcoPlus is a growing startup with approximately €1 million in revenue and integrates 12 skilled engineers [5]. Group 2: Strategic Intent - These acquisitions align with Bureau Veritas' LEAP I 28 strategy, which focuses on a targeted portfolio approach to accelerate growth and create new strongholds in high-growth markets [2][5]. - The company aims to expand its geographical footprint and deliver greater value to customers in specialized fields through these strategic moves [2].
Signify reports second quarter sales of EUR 1.4 billion, operational profitability of 7.8% and a free cash flow of EUR 36 million
Globenewswire· 2025-07-25 05:00
Core Insights - Signify reported second quarter sales of EUR 1.4 billion, with an operational profitability of 7.8% and a free cash flow of EUR 36 million [1][10]. Financial Performance - Comparable sales growth was -1.4%, with a topline growth of 0.8% when excluding the Conventional business [3][10]. - The Professional business saw a return to growth, particularly in North America and connected lighting sales [3]. - The Consumer business achieved its third consecutive quarter of growth, driven by demand for connected home products [3]. - The adjusted EBITA margin was 7.8%, slightly down from 7.9% in Q2 2024 [10]. - Net income for the quarter was EUR 57 million, compared to EUR 63 million in Q2 2024 [10]. - Free cash flow decreased to EUR 36 million from EUR 51 million in the same quarter last year [10]. Strategic Initiatives - Signify's sustainability program, "Brighter Lives, Better World 2025," aims to double its positive impact on the environment and society [6]. - The company is ahead of schedule to reduce greenhouse gas emissions by 40% by 2025, surpassing the pace required by the Paris Agreement [7]. - Circular revenues increased to 37%, exceeding the 2025 target of 32% [8]. - Brighter lives revenues remained at 33%, also above the 2025 target of 32% [9]. Outlook - The company confirmed guidance for low single-digit growth excluding the Conventional business and a free cash flow generation of 7-8% of sales [5][13]. - EBITA margin guidance was adjusted to a range of 9.6% to 9.9% [5][13]. Recognition and Diversity - Signify was recognized as one of Europe's most sustainable corporations and received accolades for its sustainability efforts [12]. - The percentage of women in leadership positions remained at 27%, which is below the company's 2025 ambitions [11].
Press Release: Sanofi’s Sarclisa approved in the EU for the treatment of transplant-eligible newly diagnosed multiple myeloma
Globenewswire· 2025-07-25 05:00
Sanofi’s Sarclisa approved in the EU for the treatment of transplant-eligible newly diagnosed multiple myeloma Approval based on GMMG-HD7 phase 3 study demonstrating that Sarclisa with VRd induction treatment significantly improved MRD negativity benefit and prolonged PFS compared to VRd aloneWith the first global approval in TE NDMM, Sarclisa is now approved in the EU across all lines of therapy, regardless of transplant eligibility Paris, July 25, 2025. Following the positive opinion by the European Medi ...
Orange Belgium and Proximus sign a Memorandum of Understanding to expand fiber deployment and increase access to gigabit networks in Wallonia
Globenewswire· 2025-07-25 04:50
Core Points - Orange Belgium and Proximus have signed a Memorandum of Understanding (MoU) to collaborate on expanding fiber deployment and improving access to gigabit networks in Wallonia [1][3] - The collaboration aims to benefit approximately 1.4 million homes and businesses in medium-to-low population density areas, while maintaining independent network rollouts in densely populated areas [3][5] - The partnership will enable around 70% of homes in Wallonia to be covered by Fiber-to-the-Home (FTTH) networks [5] Fiber Deployment Strategy - Proximus will continue to roll out FTTH to 600,000 homes and businesses in medium-density areas through its joint venture Unifiber [4] - In less densely populated areas, both companies will work together to make FTTH networks accessible to about 200,000 homes and businesses, using cost-efficient deployment methods [5] - Proximus will utilize Orange Belgium's Hybrid Fiber Coax (HFC) network to offer services to approximately 600,000 homes in sparsely populated zones, providing gigabit speeds [6] Benefits of Collaboration - The joint approach will minimize construction disruptions, accelerate deployment, and improve coordination with local authorities, leading to better cost control [7] - The MoU is a result of discussions following announcements from the Belgian Institute for Postal Services and Telecommunications (BIPT) and the Belgian Competition Authority (BCA) regarding potential collaborations [8] Future Developments - Further details on the cooperation agreement will be communicated after formal signing, expected in the fourth quarter [9] - Both companies emphasize the importance of collaboration for enhancing digitalization in Belgium, aiming for a win-win situation for citizens, businesses, and operators [11]
Green Technology Metals Announces Large, High-Grade Rubidium Resource at Seymour Project, Ontario
Globenewswire· 2025-07-25 03:58
Core Viewpoint - Green Technology Metals Ltd has announced a maiden Rubidium Mineral Resource at its Seymour Project in Ontario, Canada, which is expected to convert previously considered waste into a valuable by-product stream [1][2][4]. Group 1: Rubidium Resource Details - The maiden Rubidium Mineral Resource estimate at the Seymour Project includes 8.3 million tonnes at 0.27% Rb₂O, equating to approximately 23,000 tonnes of contained Rb₂O, with a high-grade component of 3.4 million tonnes at 0.40% Rb₂O, representing around 13,600 tonnes of contained Rb₂O [9]. - Rubidium is recognized as a critical mineral by the United States and Japan, with a market price of approximately USD $1,060 per kilogram for high-purity material, highlighting its importance in advanced electronics, aerospace, quantum computing, and defense applications [4][6]. Group 2: Strategic Implications - The discovery of Rubidium mineralization adds significant strategic value to the Seymour Project, positioning it as one of the largest high-grade Rubidium resources on the ASX and the most substantial in Canada [6]. - The company's vertically integrated strategy aims to maximize resource value and support a sustainable, diversified critical minerals supply chain by exploring the recovery of Rubidium as a low-cost by-product alongside its core lithium operations [5][7]. Group 3: Future Outlook - The company plans to conduct targeted test work to better understand Rubidium's recovery potential and further integrate this opportunity within its broader strategy and government engagement initiatives [7].