Workflow
Changes in the Management Board of Tallinna Sadam subsidiary TS Shipping
Globenewswire· 2025-11-20 11:20
Group 1 - TS Shipping OÜ has recalled Damir Utorov from the Management Board effective from 30.11.2025, after he joined the company in May 2013 and served as a board member since July 2023 [1][2] - The Supervisory Board expressed gratitude for Utorov's contributions, particularly in chartering the multifunctional icebreaker Botnica and establishing international contacts [2] - TS Shipping is in the process of recruiting a new member for its Management Board, which currently consists of two members, including Chairman Vahur Ausmees [2] Group 2 - Tallinna Sadam is one of the largest cargo and passenger port complexes in the Baltic Sea region, operating through subsidiaries that provide various shipping and ferry services [3] - OÜ TS Laevad offers ferry services between the Estonian mainland and its largest islands, while OÜ TS Shipping charters the icebreaker Botnica for icebreaking and offshore services [3] - The Tallinna Sadam group also holds a stake in AS Green Marine, which specializes in waste management services [3]
Results for the first nine months
Globenewswire· 2025-11-20 11:02
Core Insights - Landsvirkjun's operations remained solid in Q3, with improved reservoir conditions and no expected curtailment of electricity deliveries this winter [1] - Revenue from electricity sales increased by 7% year-on-year, driven by an 8% rise in aluminium prices linked to contracts [2] - Profit from core operations decreased by 14% year-on-year, impacted by a fine from the Competition Authority and higher electricity transmission costs [2] Financial Performance - The financial position is strong, with net debt decreasing by USD 39 million since the start of the year and an equity ratio of 63.1% [3][6] - Return on equity for the first nine months of the year rose to 7.8%, up from 6.9% in the same period of 2024 [3] - Profit from core operations in Q3 was USD 56 million, with cash from operations at USD 46 million [6] Operational Challenges - A significant breakdown at customer Norðurál's aluminium smelter in October did not affect Q3 results, but its financial implications for Landsvirkjun are under assessment [4]
Clearmind Medicine Accelerate FDA-Approved Alcohol Use Disorder Clinical Trial by Activating Fifth Elite Global Medical Site
Globenewswire· 2025-11-20 11:01
Prestigious Hadassah Medical Center Joins Yale, Johns Hopkins, Tel Aviv Sourasky and IMCA, in Evaluating the Company’s proprietary non-hallucinogenic MEAI-based oral drug candidate Vancouver, Canada, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Clearmind Medicine Inc. (Nasdaq: CMND), (FSE: CWY0) (“Clearmind” or the "Company"), a clinical-stage biotech company focused on discovery and development of novel neuroplastogen-derived therapeutics to solve major under-treated health problems, today announced the initiation of ...
Osisko Intersects 138 Metres Averaging 1.45% Cu in South Extension at Gaspé
Globenewswire· 2025-11-20 11:00
Includes 64.5 Metres Averaging 2.70% CuMONTREAL, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Osisko Metals Incorporated (the “Company or "Osisko Metals") (TSX: OM; OTCQX: OMZNF; FRANKFURT: 0B51) is pleased to announce new drill results from the Gaspé Copper Project, located in the Gaspé Peninsula of Eastern Québec. Osisko Metals CEO Robert Wares commented: “These latest results continue to confirm significant higher-grade mineralization in the southern extension, with hole 30-1136 returning 64.5 metres averaging 2.70 ...
Stella-Jones Unveils 2026-2028 Financial Objectives and Outlines its Future Growth Plans
Globenewswire· 2025-11-20 11:00
Core Viewpoint - Stella-Jones Inc. is set to unveil its financial objectives and capital allocation priorities for the 2026-2028 period, emphasizing a growth strategy focused on operational excellence and value creation for stakeholders [1][2]. Financial Objectives - The company has introduced a three-year financial objective framework, starting with the Q4 2026 financial reports, to maintain a three-year outlook [3]. - Key financial targets for 2026-2028 include: - Annual Sales: Targeting approximately $4,000 million by 2028, up from approximately $3,500 million [4]. - Annual Organic Sales Growth: Aiming for a compound annual growth rate (CAGR) of 4-5%, compared to 4.5% CAGR for 2023-2025 [4]. - EBITDA Margin: Targeting 17.5-18.5%, slightly below the 17.9% margin achieved in 2023-2025 [4]. - Earnings Per Share (EPS): Aiming for greater than 10% CAGR, a new metric introduced for better alignment with growth strategy [4]. Capital Allocation Strategy - The company expects to maintain an EBITDA-to-free cash flow conversion rate of approximately 50% [5]. - Key priorities in the capital allocation strategy include: - Broadening its vision to be the supplier of choice for utilities and railroads [5]. - Targeting annual sales of approximately $4 billion by 2028, supported by the current asset base [5]. - Maintaining an elevated EBITDA margin of 17.5-18.5% [5]. - Introducing an EPS growth target of greater than 10% to align with strategic objectives [5]. - Shifting to an opportunistic share repurchase strategy in line with growth priorities [5]. Maintenance and Growth Capital Expenditures - The company plans to invest approximately 2.5% of sales annually in maintenance capital expenditures, translating to $85 to $95 million per year [6]. - Strategic growth opportunities will involve investments in capital expenditures and value-accretive acquisitions [6]. Commitment to Financial Health - Stella-Jones is committed to maintaining an investment-grade credit rating and a net debt-to-EBITDA ratio within the range of 2.0x-2.5x, with some flexibility for working capital and strategic investments [7]. Key Assumptions - The financial targets for 2026-2028 are based on several assumptions, including organic sales growth in wood utility poles and railway ties, and the impact of recent acquisitions [13].
Sono Group N.V. Reports Third Quarter 2025 Results: Stronger Balance Sheet and Nasdaq Uplisting Mark Key Milestones
Globenewswire· 2025-11-20 11:00
Nine month (9M) 2025 net income of €6.6 million primarily driven by fair value adjustments; revenue begins to reflect initial commercialization; continued progress on OEM collaborationsMUNICH, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (Nasdaq: SSM) (hereafter referred to as “Sono” or the “Company”, parent company to Sono Motors GmbH, hereafter referred to as “Sono Solar” or “Subsidiary”), the solar technology company, today announced its financial results for the third quarter ended September 30, 20 ...
KBR and Axiom Space Successfully Test Next-Generation Spacesuit in Critical Step Toward Returning to the Moon
Globenewswire· 2025-11-20 11:00
Core Insights - KBR and Axiom Space have successfully completed the first uncrewed thermal vacuum test of the AxEMU Pressure Garment, which is intended for the Artemis III mission, marking a significant milestone in human space exploration [1][2][3] Company and Industry Summary - The AxEMU spacesuit is designed to support astronauts during the Artemis III mission, the first crewed lunar landing in over 50 years, and the test evaluated its thermal performance and advanced materials [1][2] - This test is part of a series of increasingly complex evaluations leading to the suit qualification phase with NASA, with over 700 hours of crewed pressurized time already achieved [2][5] - KBR's Aerospace Environment Protection Laboratory (AEPL) in San Antonio, Texas, conducted the test, which is historically significant as it is the same facility where Apollo astronauts trained [3][4] - The AxEMU is currently in the critical design phase, and the successful test provided data to inform its performance and readiness for operational use on the lunar surface [5][6] - KBR's role in this project is part of the Exploration Extravehicular Activity Services (xEVAS) contract, aimed at developing a next-generation spacesuit that is versatile, reliable, and adaptable for future space exploration missions [5][6]
RadNet’s DeepHealth Announces Wichita Radiological Group as First Operations Suite™ Customer
Globenewswire· 2025-11-20 11:00
Cloud-native platform selected to modernize operations, help improve efficiency and strengthen patient-centered care coordination across multi-site network RadNet’s DeepHealth Announces First Operations Suite™ Customer RadNet’s DeepHealth Announces First Operations Suite™ Customer SOMERVILLE, Mass., Nov. 20, 2025 (GLOBE NEWSWIRE) -- DeepHealth, a wholly owned subsidiary of RadNet, Inc. (NASDAQ: RDNT) and a leader in AI-powered health informatics, today announced Wichita Radiological Group (WRG) has sel ...
Hofseth BioCare ASA: Extraordinary General Meeting completed
Globenewswire· 2025-11-20 10:30
Company Overview - Hofseth BioCare ASA (HBC) is a Norwegian consumer and pet health company focused on sustainability and optimal utilization of natural resources [1] - The company upcycles by converting side streams of the salmon industry into health-improving ingredients for humans and pets [1] Product Offerings - HBC's key products include ProGo®, a mix of bioactive peptides and collagen, OmeGo®, a whole salmon oil, and CalGo® / NT-II® salmon bone powder [2] - ProGo® enhances iron metabolism, leading to increased energy and vitality [3] - OmeGo® provides immune health benefits and aids recovery from viral infections [3] - CalGo® supports bone and joint health, promoting healthy aging and active lifestyles [3] Scientific Research and Development - HBC emphasizes scientific evidence, resulting in academic partnerships and unique health benefit discoveries [3] - The company has secured patents for its findings and has identified potential therapeutics, leading to the establishment of HBC Immunology (HBCI) [3] - HBCI has raised external finance for its lead program targeting prostate cancer and ovarian cancer, along with a molecule aimed at asthma treatment [3] Corporate Structure and Location - HBC is headquartered in Ålesund, Norway, with branches in Oslo, London, Zürich, and Palo Alto [4] - The company is listed on the Oslo Stock Exchange under the ticker "HBC" [4]
Steering Sustainability Through Changes: World Maritime Merchants Forum 2025 Held in Hong Kong
Globenewswire· 2025-11-20 10:08
Core Insights - The World Maritime Merchants Forum 2025 focused on driving high-quality development in the maritime value chain amid global changes, with over 1,300 leaders and experts in attendance [1][3] Group 1: Forum Highlights - The theme of the 2025 Forum was "Steering Sustainability Through Changes," emphasizing the need for sustainable development in the global shipping industry [3] - Key leaders, including government officials and industry executives, participated, highlighting the importance of collaboration and innovation in the maritime sector [3][5][6] Group 2: Hong Kong's Role - Hong Kong is positioned as a super-connector for international maritime enterprises, facilitating the integration of Mainland shipping companies into global markets [6][9] - The city aims to leverage its strengths in high-end services such as shipping finance, maritime law, and insurance to enhance the maritime ecosystem [8][9] Group 3: Technological Innovation and Sustainability - Continuous investment in technological innovation and collaborative partnerships is deemed essential for promoting green and intelligent transformation in the shipping industry [7][20] - The Forum released the "Net-Zero Guide" to support the global shipping industry's low-carbon transition, consolidating emissions-reduction requirements into actionable steps [22] Group 4: Regulatory and Policy Developments - The Hong Kong government is implementing tax incentives and flexible arrangements to attract global shipping enterprises and enhance competitiveness [10][16] - New industry standards for greenhouse gas emissions in marine fuels were introduced, providing benchmarks for shipping companies in their low-carbon efforts [24] Group 5: Future Initiatives - The Forum proposed initiatives to strengthen international cooperation and develop fair global shipping governance, emphasizing the need for a collaborative approach to address industry challenges [17][19] - Hong Kong is committed to establishing an integrated transport system to support green shipping corridors and enhance the overall maritime infrastructure [15][16]