Workflow
The Bonduelle Group confirms the sale of its packaged salad business in France
Globenewswire· 2025-07-18 06:30
Core Viewpoint - The Bonduelle Group has confirmed the sale of its packaged salad business in France to the LSDH Group, effective July 17, 2025, as part of a strategic move to focus on fresh delicatessen markets amid declining salad consumption in France [2][3][4]. Group 1: Sale Details - The sale of the packaged salad business was initially announced on August 29, 2024, and became effective on July 17, 2025 [2][3]. - The divested business represented approximately 3.5% of Bonduelle's turnover, equating to €80 million for the 2024-2025 financial year [4]. Group 2: Strategic Focus - The Bonduelle Group aims to accelerate its activities in the fresh delicatessen market in France and Europe following the divestment [3][4]. - The LSDH Group will continue to use the Bonduelle brand for packaged salads in France through a licensing agreement [3][4]. Group 3: LSDH Group Overview - The LSDH Group is a family business with over 100 years of history, operating in six regions with ten production sites in France [8][9]. - The group employs 2,250 individuals and emphasizes social, societal, and environmental commitments in its operations [9].
INVL Technology terminated agreement with investment advisor
Globenewswire· 2025-07-18 06:29
Core Viewpoint - INVL Technology has terminated its agreement with Corum Group to enhance flexibility in exploring alternative strategic options for divesting its portfolio companies while continuing ongoing negotiations with potential buyers [3][5]. Group 1: Termination of Agreement - The company terminated the contract with the Zurich branch of Corum Group International on 17 July 2025, with certain terms remaining in force for a 12-month tail period [4]. - The decision was made to provide greater flexibility in exploring other divestment possibilities [3][5]. Group 2: Ongoing Sales Process - Despite the challenging economic conditions affecting B2B technology companies in Europe, the US, and Canada, the company continues to pursue the sale of its portfolio companies and has interested parties [5]. - Negotiations with potential buyers are ongoing, and the company is not halting the divestment process [2][5]. Group 3: Portfolio Performance - The portfolio companies are performing well, and their results will be reflected in the report for the first half of the year, which is expected to be published at the end of August [5]. Group 4: Company Overview - INVL Technology invests in IT businesses and is managed by INVL Asset Management, a leading alternative asset manager in the Baltics [5][6]. - The company owns and manages cybersecurity company NRD Cyber Security, GovTech company NRD Companies, and Baltic IT company Novian [6].
MoneyHero Group Announces Winners of the SingSaver Best-Of Awards
Globenewswire· 2025-07-18 06:11
Core Insights - The inaugural MoneyHero Group Presents: SingSaver Best-Of Awards was held on July 17, 2025, to recognize excellence and innovation in Singapore's personal finance sector [1][2] - The event highlighted the importance of financial literacy and collaboration within the personal finance ecosystem in Singapore [2][3] Event Details - The gala was attended by over 170 guests, including senior executives from financial institutions, industry experts, and media representatives [2] - A total of 45 awards were presented across various categories, including credit cards, digital banks, investment products, and insurance [3] Award Highlights - Notable winners included: - Best Credit Card for Travel Rewards: UOB Visa Signature Card - Best Credit Card for Dining: HSBC Live+ Credit Card - Best Digital Bank for Seamless Onboarding: Trust Bank - Best Overall Travel Insurance Plan: FWD Premium - Best Global Insurance Provider: Allianz Partners [4] Company Commitment - MoneyHero's CEO, Rohith Murthy, emphasized the company's commitment to fostering innovation and collaboration in the personal finance sector [3] - The event aimed to strengthen partnerships and support the growth of the personal finance ecosystem in Singapore [3] Company Overview - MoneyHero Limited operates as a leading personal finance aggregation and comparison platform in Greater Southeast Asia, with a presence in Singapore, Hong Kong, Taiwan, and the Philippines [8] - The company had over 260 commercial partner relationships and approximately 5.7 million Monthly Unique Users as of March 31, 2025 [8]
AB Akola Group temporarily postpones construction of biomethane plant in Kaišiadorys
Globenewswire· 2025-07-18 06:00
Core Viewpoint - AB Akola Group has temporarily postponed the construction of a biomethane gas production plant in the Kaišiadorys district, which is part of its long-term development strategy to address rising energy costs, excess biological waste, and climate impact reduction [1][2]. Investment and Financial Aspects - The biomethane power plant project is expected to process up to 140,000 tons of organic waste annually, generate 85 GWh of renewable energy, and reduce CO2 emissions by up to 29,000 tons per year, with an estimated payback period of less than 7.5 years [1]. - The project was planned to receive €19.4 million in investments, with an application for European Union funding submitted for its implementation [5]. Current Operations and Future Plans - Despite the postponement, the company continues to implement sustainable organic waste management solutions, transferring poultry manure to farmers and planning to direct part of this waste to a newly built biogas plant in Lukšiai [4]. - AB Akola Group is currently focusing on constructing a biofuel plant in Lukšiai, which is the first project of this scale for the group, with plans for further investments to enhance sustainability and profitability after its completion [3]. Company Overview - AB Akola Group is the largest agricultural and food production group in the Baltic States, employing over 5,000 people and operating along the entire food production chain [6]. - For the first nine months of the 2024/2025 financial year, the consolidated revenue of the group exceeded EUR 1,165 million, reflecting a 3.59% increase compared to the same period in the previous year [6].
Half-yearly financial report 30 June 2025
Globenewswire· 2025-07-18 06:00
Core Insights - The company reported strong half-year results with a confirmation of the expected net result per share despite an increase in the number of shares due to the optional dividend [1] Financial Performance - Net rental income increased by 15.2% to €36.7 million compared to €31.8 million at 30 June 2024 [1] - The net result from core activities per share rose by 16.2% to €2.72 at 30 June 2025, up from €2.34 at 30 June 2024 [1] - The fair value of the investment property portfolio increased by 11.3% compared to 31 December 2024 [1] Asset Valuation - There was a decrease in net asset value per share to €78.79, reflecting a decline of 3.9% from €82.02 in 2024 [1] - The EPRA occupancy rate slightly decreased by 0.4% to 96.6% for the entire portfolio, down from 97.0% at 31 December 2024, attributed to a significantly higher number of pop-up contracts by year-end [1] Debt and Outlook - The company maintained a healthy debt ratio of 34.5% at 30 June 2025, compared to 28.4% at 31 December 2024 [1] - The outlook for net result from core activities is maintained between €5.35 and €5.45 per share [1]
Bank of Åland Plc: Half-Year Financial Report for the period January - June 2025
Globenewswire· 2025-07-18 06:00
Financial Performance - The company reported a net operating profit of EUR 34.7 million for the first half of 2025, marking a 7% increase from EUR 32.5 million in the same period of 2024 [8] - The return on equity (ROE) for the first half of 2025 was 19.2%, up from 18.2% in the previous year [8] - Earnings per share increased by 9% to EUR 1.86 compared to EUR 1.71 in the first half of 2024 [8] Asset Management - The second quarter of 2025 saw a net inflow of new client investments amounting to EUR 328 million, leading to a total of over EUR 11 billion in actively managed assets [2] - The volume of actively managed assets increased by 4% from EUR 10.66 billion in Q1 2025 to EUR 11.06 billion in Q2 2025 [9] Income Sources - Net interest income decreased by 9% to EUR 47.9 million for the first half of 2025, down from EUR 52.7 million in the same period of 2024 [7] - Net commission income rose by 13% to EUR 42.6 million in the first half of 2025, compared to EUR 37.7 million in the previous year [7] Expenses and Impairments - Total expenses increased by 2% to EUR 76.5 million for the first half of 2025, up from EUR 74.9 million in the same period of 2024 [8] - Net impairment losses on financial assets decreased significantly to EUR 0.7 million from EUR 1.7 million, resulting in a loan loss level of 0.04% [8] Market Conditions - The company noted that lower market interest rates have pressured net interest income, but increased commission income has helped offset this decline [3] - Lending activity began to increase cautiously during the quarter, with market interest rates having halved since their peak over a year and a half ago [4]
Aedifica NV/SA – Update on the progress of Aedifica’s and Cofinimmo’s case with the Belgian Competition Authority
Globenewswire· 2025-07-18 06:00
Group 1 - The article does not provide specific information regarding Aedifica's financial performance or strategic initiatives [1] - There is a mention of additional information being available on Aedifica's website, indicating ongoing communication and transparency with stakeholders [1] - The press release is available in multiple languages, suggesting a focus on diverse investor relations and communication strategies [1]
Norsk Hydro: Voluntary termination of power purchase agreement with Cloud Snurran AB
Globenewswire· 2025-07-18 06:00
Group 1 - Hydro has agreed to a settlement for the long-term power purchase agreement (PPA) with Cloud Snurran AB, allowing for compensation of up to EUR 90 million for the voluntary termination of the PPA [1][2] - The PPA was originally signed in 2018, with Hydro entitled to an annual baseload supply of 300 GWh from 2020 to 2030, and 550 GWh from 2031 to 2049 [1] - Cloud Snurran AB has faced financial difficulties, resulting in non-delivery of volumes to Hydro since November 2024 [1][2] Group 2 - The Svea Court of Appeal approved Cloud Snurran AB's reorganization application under the Swedish Restructuring Act, which overturned a previous decision by the Stockholm District Court [2] - The reorganization process has been terminated, and Hydro's compensation will depend on future sales processes and an agreed value sharing mechanism [2] Group 3 - Hydro's Norwegian smelters have a robust sourcing situation through 2030, with an average annual equity hydropower production of 9.4 TWh and a contract portfolio of around 8.5 TWh per year [3] - The company is actively pursuing various sourcing options to meet the demand for cost-competitive renewable power as existing long-term power agreements will expire at the end of 2030 [3] Group 4 - The settlement is expected to become effective in July 2025, subject to the fulfillment of certain closing requirements [4]
Notification pursuant to the Finnish Securities Act Chapter 9, Section 10 regarding change in holdings and voting rights
Globenewswire· 2025-07-18 06:00
Company Overview - Aspocomp Group Plc specializes in printed circuit board (PCB) technology design, testing, and logistics services throughout the entire lifecycle of a product [6][7] - The company serves customers in telecommunications, automotive, industrial electronics, and semiconductor testing sectors, with a significant portion of its net sales generated from exports [7] Shareholding Notification - On July 17, 2025, Mr. Mikko Montonen's holdings in Aspocomp Group Plc fell below the 5 percent threshold, amounting to 335,911 shares, which corresponds to 4.90 percent of the total shares and voting rights [2][3] - The total number of shares in Aspocomp Group Plc is 6,849,240, with each share entitling one voting right [4]
Realkredit Danmark reports net profit of DKK 2,455 million for the first half of 2025
Globenewswire· 2025-07-18 05:31
Financial Performance - Realkredit Danmark reported a net profit of DKK 2,455 million for the first half of 2025, an increase from DKK 2,129 million in the same period of 2024, primarily driven by a net reversal of loan impairment charges and lower expenses [5][6][9] - Total expenses decreased to DKK 425 million in H1 2025 from DKK 511 million in H1 2024, attributed to the discontinuation of payments to the fully funded Resolution Fund and reductions in operating expenses [6][9] Loan and Credit Quality - The underlying credit quality remained strong, with loan impairment charges reflecting a net reversal of DKK 129 million in H1 2025, compared to a charge of DKK 227 million in H1 2024 [9] - The average loan-to-value ratio decreased to 50% at the end of June 2025 from 53% at the end of 2024, supported by stable market values and increasing house prices [9] Market Outlook and Initiatives - The outlook for the housing market in Denmark is positive, bolstered by strong macroeconomic indicators and lower inflation, with a notable increase in commercial lending activity [5][6] - Realkredit Danmark and Danske Bank launched initiatives in home finance, including the Danske BoligStart concept aimed at young home finance customers, and removed additional margins on new loans with interest-only periods for lower loan-to-value ratios [2][3] - The company is enhancing digital solutions, including a new housing universe in Danske Mobile Banking, to provide customers with better access to home finance information and services [4][9] Green Financing - There has been a consistent increase in demand for green financing, with total lending across green loan types reaching DKK 30 billion by the end of H1 2025 [9] - The company expanded the purposes for loans for energy improvements, allowing personal customers to borrow at favorable rates for installing battery solutions for surplus electricity [9]