Kalmar and Transnet Port Terminals continue sustainability-focused collaboration with significant order for hybrid straddle carriers
Globenewswire· 2025-11-07 08:00
Core Insights - Kalmar Corporation has secured a significant order to supply 16 hybrid straddle carriers to Transnet Port Terminals (TPT) for operations at Cape Town and Port Elizabeth container terminals, with delivery expected in Q2 2026 [1][3]. Group 1: Company Overview - Kalmar is a global leader in sustainable material handling equipment and services, operating in over 120 countries and employing approximately 5,200 people. In 2024, the company's sales reached approximately EUR 1.7 billion [5]. - Transnet Port Terminals provides integrated cargo handling services across Southern Africa, operating 16 sea-cargo terminals and a diverse fleet of equipment including diesel electric straddle carriers and RTGs [2]. Group 2: Order Details - The hybrid straddle carriers will be the first of their kind delivered to a customer in Southern Africa, with 12 units designated for Port Elizabeth and 4 for Cape Town [3]. - The new machines are expected to significantly reduce fuel consumption, noise, and carbon emissions, aligning with TPT's commitment to improving efficiency and sustainability [4]. Group 3: Strategic Partnership - TPT views the hybrid straddle carriers as crucial for enhancing operational excellence and sustainability in cargo handling, highlighting the strong partnership with Kalmar [4]. - Kalmar emphasizes its role as a partner in TPT's journey towards more sustainable and cost-efficient operations, reflecting a long-standing supplier-customer relationship [4].
Hofseth BioCare ASA: Terms of the Subsequent Offering
Globenewswire· 2025-11-07 07:55
Core Points - The company Hofseth Biocare ASA (HBC) is proceeding with a Subsequent Offering of up to 16,666,666 new Ordinary Shares, aiming to raise approximately NOK 30 million [2][3] - Eligible shareholders will receive non-transferable subscription rights, allowing them to subscribe for one Offer Share for each 0.1134 existing share held as of the Record Date [4] - The subscription period for the Subsequent Offering is set from 10 November 2025 to 20 November 2025 [5] Offering Details - The Subsequent Offering is conditional upon necessary corporate resolutions being passed, including an extraordinary general meeting on 20 November 2025 [7] - The due date for payment for the Offer Shares is expected to be on 26 November 2025, with shares becoming listed on Euronext Oslo Børs around 2 December 2025 [6] - Over-subscription is permitted, and any remaining Offer Shares may be allocated to strategic investors at the Board's discretion [3][5] Legal and Regulatory Information - A national prospectus will be published in accordance with the Norwegian Securities Trading Act, and it will be available on the company's website prior to the subscription period [6] - The announcement is not an offer to sell or a solicitation to purchase any securities and is subject to specific legal restrictions in certain jurisdictions [10][15]
Research Update
Globenewswire· 2025-11-07 07:12
Scancell Holdings plc Scancell holds oral presentation of positive Phase 2 data on Immunobody® iSCIB1+ in late-stage melanoma at SITC 2025 Data from SCOPE trial show a potential new benchmark in efficacy, durability, immune responses and safety Progression-free survival (PFS) for iSCIB1+ in target population at 11 months is 78%, compared with historic 12 months PFS of 46% with doublet checkpoint therapy of ipilimumab and nivolumab Development plans for iSCIB1+ accelerated including regulatory and partner ...
Vodafone and AST SpaceMobile Announce New EU Satellite Constellation and Select Germany for European Sovereign Satellite Operations Centre
Globenewswire· 2025-11-07 07:00
Core Insights - Vodafone Group and AST SpaceMobile have chosen Germany for their main Satellite Operations Centre to enhance mobile broadband connectivity across Europe, particularly in underserved areas and for emergency services [1][5][7] Group 1: Satellite Operations Centre - The Satellite Operations Centre will manage satellite connectivity for mobile network operators (MNOs) in Europe, ensuring widespread mobile broadband access [1][2] - The centre's location will be finalized near Munich or Hannover, depending on negotiations [1] - The establishment of the centre is part of a joint venture, SatCo, aimed at providing a sovereign satellite solution for Europe [7] Group 2: Satellite Network and Services - AST SpaceMobile is developing the first space-based cellular broadband network that can be accessed directly by smartphones, targeting both commercial and government applications [2] - The planned satellite constellation will include a 'command switch' feature for European oversight and security, allowing for the management of encryption keys and satellite beam direction [3][9] - The constellation will support public protection and disaster relief (PPDR) by providing reliable connectivity to emergency responders [4][5] Group 3: Infrastructure and Operations - The Operations Centre will monitor extraterrestrial events and manage terrestrial issues, housing ground-based gateway stations for secure links between the satellite constellation and terrestrial networks [6] - The strategic location in Germany will facilitate the integration of satellite services with existing mobile telecom networks, enhancing connectivity across Europe [9] - The planned satellite system aims to support frequency bands suitable for PPDR communications, aligning with the EU Critical Communication System vision [5][9]
Construction contract (Päädeva–Orgita and Haimre road sections and traffic junction)
Globenewswire· 2025-11-07 07:00
Group 1: Project Overview - Nordecon group company Tariston AS has signed a contract with the Estonian Transport Administration for the construction of the Päädeva–Orgita road section and Haimre traffic junction on National Road 4 (E67), upgrading them to a 2+2 lane road [1] - The project includes the construction of Orgita and Haimre viaducts, one pedestrian tunnel, two wildlife crossings, and one livestock tunnel, along with various collector and connecting roads [1] Group 2: Financial Details - The total cost of the contract is 27.78 million euros plus value added tax, with completion expected by September 2027 [2] Group 3: Company Profile - Nordecon is a group of construction companies focused on construction project management and general contracting in buildings and infrastructures, operating in Estonia, Ukraine, and Sweden [3] - The consolidated revenue of Nordecon Group in 2024 was 224 million euros, and the company employs approximately 425 people [3] - Nordecon AS has been listed on the main list of the Nasdaq Tallinn Stock Exchange since May 18, 2006 [3]
Stolt-Nielsen Limited Executive Management Update
Globenewswire· 2025-11-07 07:00
Core Points - Stolt-Nielsen Limited announced the retirement of CFO Jens F. Grüner-Hegge in the second half of 2026, with Alex Ng appointed as CFO Designate effective August 1, 2026 [1][2] - Jens F. Grüner-Hegge will assist in the transition until November 30, 2026, and is expected to be nominated as a non-executive Director upon retirement, pending shareholder approval [2][3] - CEO Udo Lange praised Jens F. Grüner-Hegge's 33 years of service and his significant contributions to the company's strategy [3][4] - Alex Ng, who joined Stolt-Nielsen in 2020, has over 20 years of experience in finance and M&A, previously working at Barclays Investment Bank [5] Company Overview - Stolt-Nielsen Limited is a long-term investor and manager focused on logistics, distribution, and aquaculture, with a portfolio that includes Stolt Tankers, Stolthaven Terminals, and Stolt Tank Containers [6]
Eesti Energia Group Unaudited Results for Q3 2025
Globenewswire· 2025-11-07 07:00
Sales Revenues and Profitability - The energy market faced challenges in Q3 2025, with sales revenue declining to EUR 282.7 million, a 27% decrease year-on-year. EBITDA fell to EUR 27.9 million (-31% year-on-year), and the reported net loss for the quarter was EUR 66.0 million [1][2] - Adjusted EBITDA, excluding temporary fair-value changes, was EUR 32.5 million, down 25% year-on-year. The adjusted net loss was EUR 61.4 million, which included impairments of EUR 39 million for shale oil production assets [1][2] Market Conditions - Lower profitability was attributed to declining electricity prices in the Baltics and reduced shale-oil sales volumes due to maintenance shutdowns. However, the distribution segment showed strong performance [2] - The CFO highlighted significant developments in the Baltic energy sector, including desynchronization from the Russian grid, which enhances energy independence and creates opportunities for Eesti Energia [3] Strategic Developments - The company plans to focus on completing ongoing developments and improving efficiency throughout 2025, with structural changes set to take effect in 2026, introducing three business lines: Distribution, Electricity, and Industry [4] - The strategic direction aims to establish a balanced portfolio of renewable generation, dispatchable power, and flexibility services to ensure reliable service and long-term value creation [5] Renewable Generation and Electricity Sales - Sales revenue from renewable generation and electricity sales decreased to EUR 152.6 million, a 31% decline year-on-year, primarily due to lower market prices despite stable sales volumes [5] - Renewable electricity output increased by 5% to 369 GWh, driven by new wind farms, while retail electricity sales volumes decreased by 6% [6] Non-Renewable Electricity Production - Revenue from non-renewable electricity production dropped by 60% year-on-year to EUR 15.4 million, with production from oil-shale-based units down 83% due to maintenance and low market prices [7] - The segment EBITDA was EUR -6.6 million, marking a decline compared to the previous year [8] Distribution Segment - Distribution service revenue increased by 12% year-on-year to EUR 73.1 million, supported by a 4% increase in sales volume [11] - Distribution EBITDA improved significantly to EUR 27.4 million (+55% year-on-year), driven by higher margins and increased sales volume [11] Shale Oil Segment - The shale-oil segment experienced a 69% decrease in sales revenue to EUR 11.6 million, with sales volume down 60% to 37 thousand tonnes [12] - Segment EBITDA was EUR -6.2 million, reflecting lower margins and significantly reduced sales volumes [13] Other Products and Services - Revenue from other products and services increased by 11% year-on-year to EUR 30.0 million, driven by growth in flexibility and frequency-reserve services [14] - EBITDA for this segment rose to EUR 4.3 million, with notable increases in flexibility services [15] Investments - The Group's investments in Q3 2025 totaled EUR 104.4 million, a 37% decrease year-on-year, as large renewable projects near completion [16] - Distribution-network investments reached EUR 40.7 million, supporting upgrades and reliability improvements [17] Financing and Liquidity - The Group's borrowings at the end of Q3 2025 amounted to EUR 1.637 billion, with a strong liquidity buffer of EUR 644 million [18] - Key financing developments included the acquisition of the remaining 2.8% stake in Enefit Green, leading to its delisting [19] Future Outlook - The Group is preparing for a transformation starting in 2026, which will enhance profitability and competitiveness through a simplified structure [22] - Strategic changes are expected to drive earnings growth and strengthen cash flows while supporting the transition to a carbon-neutral energy system [23]
AKVA group ASA: Q3 2025 financial reporting
Globenewswire· 2025-11-07 07:00
Financial Performance - AKVA group reported Q3 2025 revenue of NOK 1,112 million, a 19% increase from NOK 936 million in Q3 2024 [1][2] - EBITDA rose to NOK 148 million in Q3 2025 from NOK 128 million in Q3 2024, an increase of NOK 20 million [1][2] - Total order intake for Q3 2025 was NOK 786 million, down from NOK 803 million in Q3 2024 [1][2] Segment Performance - Sea Based (SB) revenue for Q3 2025 was NOK 770 million, up from NOK 740 million in Q3 2024; however, EBITDA slightly increased to NOK 113 million from NOK 112 million [2][3] - Land Based (LB) revenue surged to NOK 308 million in Q3 2025 from NOK 162 million in Q3 2024, with EBITDA rising to NOK 22 million from NOK 5 million [5] - Digital (DI) segment revenue remained stable at NOK 34 million, with EBITDA increasing to NOK 12 million from NOK 11 million [6] Regional Performance - Nordic region revenue increased from NOK 528 million in Q3 2024 to NOK 545 million in Q3 2025 [3] - Revenue in the Americas decreased from NOK 156 million in Q3 2024 to NOK 134 million in Q3 2025 [3] - Europe and Middle East (EME) revenue rose significantly from NOK 55 million in Q3 2024 to NOK 91 million in Q3 2025 [4] Order Backlog and Outlook - Order backlog at the end of Q3 2025 was NOK 2,363 million, slightly down from NOK 2,367 million in Q3 2024 [10] - The company anticipates strong order intake in Q4 2025, supporting continued revenue growth into 2026 [11] Balance Sheet - Working capital as a percentage of 12 months rolling revenue increased to 10.5% from 7.3% [8] - Total assets and total equity were NOK 4,239 million and NOK 1,373 million respectively, maintaining an equity ratio of 32.4% [8][9]
Notice of Results and Investor Presentation
Globenewswire· 2025-11-07 07:00
Core Points - Amaroq Ltd. will release its Q3 2025 Financial Results on November 14, 2025, at 07:00 GMT, followed by a remote presentation for investors and analysts at 09:00 GMT [2] Company Overview - Amaroq Ltd. is an independent mine development corporation focused on exploring and developing mineral resources in Greenland, particularly gold and strategic metals [6] - The company's principal asset is a 100% interest in the Nalunaq Gold mine, along with a portfolio of other gold and strategic metal assets in Southern Greenland [6] - Amaroq is incorporated under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, which is registered under the Greenland Companies Act [6]
Hofseth BioCare ASA: THIRD QUARTER 2025 FINANCIAL REPORT
Globenewswire· 2025-11-07 07:00
Core Insights - HBC reported total operating revenues of NOK 54.9 million in Q3 2025, down from NOK 67.9 million in the same period last year, attributed to lower commodity prices and a weaker U.S. dollar [1] - The company experienced an EBITDA of NOK -21.1 million, with operational EBITDA at NOK -12.9 million, excluding non-recurring costs [2] - Cash and cash equivalents decreased by NOK 2.6 million, ending at NOK 65.5 million, while total liquidity, including credit facilities, was NOK 67.0 million at quarter-end [3] Financial Performance - The Midsund plant processed 5,288 tonnes of raw material, marking the highest quarterly volume in HBC's history, with a gross margin improvement to 35% from 28% [8] - Human Nutrition B2B sales surged by 200% year-over-year, driven by products like OmeGo® and ProGo®, which also won the NutraIngredients-USA "Healthy Aging" Award [8] - Consumer & Pet Health (B2C) revenues grew by 30%, supported by new European listings and product extensions [8] Product Development and Innovation - HBC focuses on sustainability and optimal utilization of natural resources, converting salmon industry by-products into health-improving ingredients [4] - Key products include ProGo®, OmeGo®, and CalGo® / NT-II®, which have shown various health benefits, including improved iron metabolism and bone health [5][6] - HBC has established academic partnerships and secured patents for its discoveries, leading to the formation of HBC Immunology, which is developing therapeutics for prostate and ovarian cancer [6] Market Position and Strategy - HBC is listed on Oslo Børs under the ticker "HBC" and emphasizes scientific evidence in its product development [7] - The company aims to enhance its equity and liquidity position following a successful private placement in October 2025 [3]