Global Campus Gen-Z Leaders Exchange Program Concludes in Beijing
Globenewswire· 2025-07-24 07:09
Company:huanqiu.com Contact Person: Liu Leqi Email: liuleqi@huanqiu.com Website: www.huanqiu.com Telephone: 0086-010-65361101 City: Beijing, China The event concluded with Gen-Z leaders and distinguished guests endorsing the Global Youth Initiative, calling on universities worldwide to adopt principles of openness, collaboration, and mutual benefit to build lasting cooperative frameworks. By integrating online and in-person engagement, the initiative aims to foster interdisciplinary, cross-cultural, and tra ...
Webinar - presentation of the financial results of Liven AS for Q2 and 6 months of 2025
Globenewswire· 2025-07-24 07:00
The webinar will be held on Google Meet. Pre-registration is not required, but please note that no further reminder will be sent. All interested parties are invited to join the Estonian webinar on 31 July at 13:00 (EEST) via the link: https://meet.google.com/fpb-czit-rwz. Questions can be asked during the webinar or in advance by sending them at least one hour before the webinar to e-mail: investor@liven.ee. On Thursday, 31 July, at 13:00 (EEST), Liven AS CEO Andero Laur and CFO Joonas Joost will host a Web ...
cBrain positioned as first-mover supporting new U.S. standards for environmental permitting
Globenewswire· 2025-07-24 06:38
Core Insights - cBrain is positioned as a first-mover in supporting new U.S. federal standards for environmental permitting, as defined by the White House Council on Environmental Quality (CEQ) [1][6] - The company has developed a fully digital permitting solution that enhances quality and transparency while reducing case processing times [2][6] - The growing global emphasis on environmental assessment and permitting presents a significant market opportunity for cBrain [3][4] Company Strategy - cBrain has identified environmental permitting as a key international vertical in its expanded growth strategy, aiming to establish a leading global position with its cBrain F2 Environmental Permitting solution [4] - A dedicated team has been formed to support the international scaling of the F2 Environmental Permitting solution, viewing it as a strategic entry point into the U.S. market [4][6] Regulatory Context - In April 2025, the White House issued an Executive Order for federal agencies to adopt digital technologies for environmental permitting, followed by the CEQ's release of a Permitting Technology Action Plan [5] - cBrain quickly aligned its F2 Environmental Permitting solution with these new federal data standards, demonstrating the adapted solution to U.S. federal authorities in July 2025 [6]
INVL Renewable Energy Fund I company REFI Sun aims to raise up to EUR 15 million in public bond offering
Globenewswire· 2025-07-24 06:30
Core Viewpoint - INVL Renewable Energy Fund I is raising up to EUR 15 million through a bond offering by REFI Sun, targeting retail and institutional investors in the Baltic countries from July 28 to August 15 [1][4]. Group 1: Bond Offering Details - The bonds have a maturity of 2.5 years with a fixed interest rate expected to be between 7.5% and 8.5%, announced upon completion of the offering, and interest will be paid quarterly [2]. - The minimum investment amount for the bond offering is set at EUR 1,000 [4]. - The lead arranger for the bond program is Artea Bank, with participation from Evernord, LHV Pank, and Signet Bank as distribution partners [5]. Group 2: Fund's Investment Strategy - The funds raised will primarily refinance a previous loan and support the construction of solar power plants in Romania and Poland, where the fund sees significant growth potential [3][8]. - The total capacity of projects in development in Poland and Romania is 389 MW, with investments expected to exceed EUR 250 million [8][9]. - As of June 2025, the fund has invested over EUR 90 million in the acquisition and construction of solar projects, with completion expected by the end of 2027 [9]. Group 3: Fund Background and Performance - The INVL Renewable Energy Fund I was established on July 20, 2021, focusing on early- and mid-stage renewable energy projects in the EU and EEA [11]. - The fund has successfully raised EUR 73.9 million from investors through investment units and bonds to date [10]. - In February 2025, the fund's company REFI Energy completed an EUR 8 million bond offering with strong demand, indicating investor confidence in the fund's management [7].
Grigeo Group AB invests more than EUR 106 million in expansion of hygiene paper business
Globenewswire· 2025-07-24 06:30
Investment Overview - Grigeo Group AB has announced an investment exceeding EUR 106 million to expand its tissue paper production capacity in Lithuania and Poland [1][5] - The project includes the installation of a new generation double-width paper machine, which will increase annual production capacity to 140 thousand tons, along with two automated paper base conversion lines in Lithuania and one in Poland [1] Financial Details - Over EUR 97 million will be allocated for the modernization and expansion of Grigeo Tissue's production facilities in Grigiškės, while EUR 9 million will be invested in the expansion of Grigeo Tissue sp. z o.o.'s facilities in Poland [2] - The investment loan of EUR 55.2 million for business development in Lithuania is provided by SEB bank AB, and Santander Bank Polska is providing EUR 6.5 million in investment financing in Poland [2] - Grigeo Group AB will contribute EUR 44.3 million to the investment [2] Employment Impact - The project is expected to create up to 80 new jobs in Lithuania and Poland [3] - This investment marks the largest project in the history of Grigeo Group AB [3]
Orange: Orange Cyberdefense acquires Swiss cybersecurity specialist ensec
Globenewswire· 2025-07-24 06:30
Core Insights - Orange Cyberdefense has acquired 100% of ensec, a Swiss cybersecurity company, to enhance its presence in Switzerland [1][5] - The acquisition aims to strengthen Orange Cyberdefense's capabilities in the German-speaking regions of Switzerland, complementing its existing operations in the French-speaking areas [2][4] - This move aligns with Orange Cyberdefense's strategy to become a leading cybersecurity player in Europe and to provide comprehensive cybersecurity solutions [5][6] Company Overview - Orange Cyberdefense has been operating in Switzerland since 2022 and has established a strong reputation, particularly in offensive security solutions, with over 100 cybersecurity experts [3][8] - The acquisition of ensec adds approximately 40 highly trained experts and a customer portfolio of over 130 clients in sensitive sectors such as finance, retail, and energy [4][8] - The combined expertise of both companies is expected to enhance service delivery and customer proximity, allowing for rapid responses to client needs [7][9] Strategic Implications - The acquisition is seen as an opportunity to leverage synergies between Orange Cyberdefense and Orange Business, enhancing their global sales capabilities [5][6] - This strategic move is part of Orange Cyberdefense's broader ambition to deliver sustainable growth and digital trust through expert-led cybersecurity services [6][10] - The integration of ensec is expected to create a dynamic cybersecurity champion in Switzerland, benefiting both employees and partners [9]
AS Tallink Grupp Unaudited Consolidated Interim Report for the Q2 2025
Globenewswire· 2025-07-24 06:00
Core Insights - AS Tallink Grupp reported a net loss of EUR 2.5 million in Q2 2025, a significant decline from a net profit of EUR 6.1 million in Q2 2024, indicating challenges in profitability [3][11] - The Group's total revenue decreased by EUR 3.1 million to EUR 207.0 million compared to EUR 210.0 million in the same quarter last year, reflecting operational difficulties [3][21] - Passenger numbers increased by 2.5% year-on-year, totaling 1,488,128 passengers, while cargo units transported saw a significant decline of 22.8% [2][21] Financial Performance - The Group's unaudited EBITDA for Q2 2025 was EUR 37.4 million, down from EUR 46.6 million in Q2 2024, indicating a decrease in operational efficiency [3][21] - Gross profit declined by EUR 7.8 million to EUR 39.1 million compared to EUR 46.8 million in the same quarter last year [9][21] - Revenue from route operations, the Group's core business, decreased by EUR 1.0 million to EUR 167.8 million compared to Q2 2024 [4][21] Segment Analysis - The Estonia-Finland route saw a 4.9% increase in passenger numbers, but cargo units transported decreased by 23.9%, with revenue remaining stable at EUR 84.6 million [5][21] - Finland-Sweden routes experienced a 2.8% increase in passengers, with revenue rising by EUR 1.8 million to EUR 60.4 million, despite a 32.4% drop in cargo units [6][21] - Estonia-Sweden routes faced a 10.9% decrease in passengers and a revenue drop of EUR 2.9 million to EUR 22.9 million, reflecting operational challenges [7][21] Investments and Financial Position - The Group's investments in Q2 2025 amounted to EUR 8.4 million, primarily for maintenance and refurbishment of vessels [15][21] - As of June 30, 2025, the Group's net debt was EUR 459.7 million, down from EUR 569.1 million at the end of Q1 2025, improving the net debt to EBITDA ratio to 3.6 [16][21] - Cash and cash equivalents increased to EUR 36.0 million from EUR 15.9 million at the end of Q1 2025, indicating improved liquidity [17][21] Operational Challenges - Demand was affected by low consumer and business confidence, economic challenges in core markets, and global geopolitical tensions [13][21] - The Group operated 13 vessels at the end of Q2 2025, including 3 vessels on charter and 2 vessels in lay-up, reflecting operational adjustments [13][21]
Chief Executive Officer of Ignitis Renewables has been appointed
Globenewswire· 2025-07-24 06:00
AB "Ignitis grupė" (hereinafter – the Group) informs that on 23 July 2025 the Board of its subsidiary UAB "Ignitis renewables" (hereinafter – Ignitis Renewables) appointed the Chief Executive Officer (hereinafter – CEO) of Ignitis Renewables. The position will be assumed by Frank Oomen, a senior executive with a strong track record in renewables. The new Ignitis Renewables CEO is starting his five-year term from 1 September 2025. The new CEO has over 15 years of leadership experience in various energy compa ...
Akropolis Group has received an international sustainability rating
Globenewswire· 2025-07-24 06:00
The sustainability rating, research and analysis company Sustainable Fitch, which is a part of the international financial rating market leader Fitch Group, published its first sustainability rating report on Akropolis Group. This report reflects how the company operates in the Environmental, Social, and Governance (ESG) areas. The report assigned the leading Baltic shopping and entertainment centres development and management company Akropolis Group the rating of 2 points on a scale of 1 to 5, where 1 is t ...
INTERIM REPORT FOR THE SECOND QUARTER OF 2025 (UNAUDITED)
Globenewswire· 2025-07-24 06:00
Company Overview - The second quarter of 2025 showed a cautious yet gradual recovery in the real estate market, supported by market stability, declining interest rates, and a downward trend in Euribor [1] - Arco Vara focused on sales activities in Estonia while enhancing its development portfolio and making strategic adjustments [1] Key Developments - The acquisition of the Luther Quarter property in Tallinn marks a significant milestone, representing Arco Vara's next flagship development project with potential for a multifunctional urban environment [2] - The vision for the Luther development includes creating a balanced environment with residential units, workplaces, cafes, culture, and public spaces, including a central green park [3] - The company aims to build a vibrant urban quarter that integrates with the city's broader fabric, promoting self-sustaining neighborhoods [4] Financial Performance - Sales revenue for the first half of 2025 reached €3,093 thousand, an increase of €1,160 thousand compared to the same period in 2024 [13] - The operating profit (EBIT) for the first half of 2025 was €265,000, with a net loss of €43,000, showing improvement from an operating loss of €310,000 and a net loss of €687,000 in the first half of 2024 [13] - Total assets approximately doubled to €79,046 thousand as of June 30, 2025, primarily due to the acquisition of new development projects [15] Project Updates - In the Rannakalda development, five additional apartments were sold, totaling 97 out of 113 units sold by the end of the quarter, with a goal to complete sales by the end of 2025 [6] - The Soodi 6 project received a long-anticipated building permit, with construction commencing on June 30, 2025, and five additional apartments reserved during the quarter [7] - Construction also began on the Spordi development, with successful pre-sales and six apartments reserved, enhancing Arco Vara's portfolio in the Kristiine residential district [8] Future Outlook - Key focus areas for Q3 include completing sales for remaining apartments in Kuldlehe, selling additional units in Rannakalda, and ongoing design and construction activities in Luther, Spordi, and Soodi 6 projects [11] - The Arcojärve detailed plan is nearing adoption, which is crucial for future urban developments [9]