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Press release: Q3: continued sales and earnings progress
Globenewswire· 2025-10-24 05:30
Core Insights - The company reported a Q3 sales growth of 7.0% at constant exchange rates (CER) and a business earnings per share (EPS) of €2.91, reflecting a strong performance despite a high base of comparison from the previous year [1][4][5] Sales Performance - Newly launched medicines and vaccines contributed significantly, with a growth of 40.8% [4] - Dupixent sales increased by 26.2%, surpassing €4 billion in quarterly global sales for the first time, and €3 billion in the US [4][5] - Overall, IFRS net sales reported for Q3 2025 were €12,434 million, a 2.3% increase, while year-to-date (YTD) sales reached €32,323 million, up 5.9% [8] Financial Metrics - Business EPS rose by 13.2% at CER and 7.0% at actual exchange rates, reaching €2.91 [5][6] - Business operating income for Q3 was €4,445 million, up 2.7%, with a YTD increase of 5.9% [8] - Free cash flow for Q3 was reported at €2,994 million, a decrease of 6.1%, while YTD free cash flow was €5,452 million, an increase of 50.8% [8] Research and Development - The company achieved two regulatory approvals: Wayrilz in the US for immune thrombocytopenia and Tzield in China for delaying the onset of stage 3 type 1 diabetes [7] - Positive phase 3 readouts were reported for amlitelimab in atopic dermatitis and Fluzone HD for influenza in patients aged 50 and above [7] - The company initiated three new phase 3 studies and received three new regulatory designations [7] Strategic Initiatives - The acquisition of Vigil Neuroscience was completed, enhancing the early-stage pipeline [8] - The company committed an additional $625 million to Sanofi Ventures, focusing on innovative biotech and digital health investments [5] - A €5 billion share buyback program is set to be completed by the end of 2025, with 86.1% executed to date [5][8] Guidance and Outlook - The company anticipates high single-digit sales growth at CER for 2025 and a strong business EPS rebound with low double-digit growth at CER before share buyback [4][6]
ONWARD Medical Successfully Raises Over EUR 50 Million in Capital Increase
Globenewswire· 2025-10-24 05:30
Core Insights - ONWARD Medical N.V. successfully raised EUR 50.85 million through an accelerated bookbuild offering, issuing 11.3 million new ordinary shares at an issue price of EUR 4.50 per share [1][2][5] Company Overview - ONWARD Medical is a leading neurotechnology company focused on therapies to restore movement and function in individuals with spinal cord injuries and other movement disabilities [10][11] - The company has developed the ARC Therapy and has received 10 Breakthrough Device designations from the FDA for its technologies [10] Investment Details - The private placement was supported by existing and new investors, including Ottobock SE & Co. KGaA as a cornerstone investor and healthcare specialist investor Invus [2][5] - The net proceeds from the private placement are expected to extend the company's cash runway through at least the end of 2026 [4][5] Use of Proceeds - The funds will be allocated as follows: - 40% for product development, clinical studies, and regulatory activities for the investigational ARC-IM System - 30% to expand sales and operations for the commercialization of the ARC-EX System - 20% to support quality and administrative activities - 5% for working capital and general corporate purposes - 5% to cover financing costs, including existing debt obligations [6] Market Activity - Trading of ONWARD Medical's shares was temporarily suspended during the bookbuilding period and is set to resume on October 24, 2025 [7] - The new shares are expected to be listed on Euronext Brussels, Euronext Amsterdam, and Euronext Paris on October 28, 2025 [8]
Bank of Åland Plc: Financial information and Annual General Meeting, 2026
Globenewswire· 2025-10-24 05:30
Core Points - The financial calendar for Bank of Åland Plc outlines key reporting dates for 2025 and 2026 [1] Financial Reporting Schedule - Year-end Report for 2025 is scheduled for February 4, 2026 [1] - The Annual Report and Capital and Risk Management Report for 2025 will be published on February 25, 2026 [1] - Interim Report for January-March 2026 is set for April 28, 2026 [1] - Half-Year Financial Report for January-June 2026 will be released on July 17, 2026 [1] - Interim Report for January-September 2026 is planned for October 23, 2026 [1] Annual General Meeting - The Annual General Meeting for 2026 is scheduled for March 30, 2026 [1]
Global Media First Drive of G700: A Comprehensive Validation of GAIA Hybrid Off-Road Architecture
Globenewswire· 2025-10-24 05:02
Core Insights - The G700, an all-new hybrid off-road vehicle, was showcased at the Hongyangshan Automotive Sports Park, emphasizing innovation and future mobility [1] Performance and Technology - The G700 demonstrated exceptional all-terrain capabilities during field tests, effectively navigating challenging courses with its Intelligent XWD System, which showcased superior recovery and control [3][5] - The GAIA Chassis, featuring electromagnetic air suspension and a Hydroformed One-Piece Frame Rail, provided enhanced comfort by absorbing impacts on rough terrain [6] - The Intelligent X Mode integrates ADAS vision with multi-dimensional perception data, automatically adjusting driving strategies based on road conditions, receiving positive feedback from media participants [8] Hybrid Technology - The GAIA iDM-O system, JETOUR's flagship hybrid off-road technology, combines a 2.0T engine with dual electric motors, delivering a maximum system torque of 1,135 N·m for effective low-speed climbing and recovery [9] - The G700 achieves impressive acceleration, going from 0-100 km/h in just 4.6 seconds, and boasts a combined range of 1,400 km with a fuel consumption of only 8.8L/100 km, highlighting its performance and energy efficiency [10] Future Outlook - JETOUR aims to redefine premium hybrid off-road vehicles through advanced intelligent manufacturing, aspiring to become the "World's Leading Hybrid Off-road Brand" [11]
Signify reports third quarter sales of EUR 1.4 billion, operational profitability of 9.7% and a free cash flow of EUR 71 million
Globenewswire· 2025-10-24 05:00
Core Insights - Signify reported third quarter sales of EUR 1.4 billion, with an operational profitability of 9.7% and free cash flow of EUR 71 million [1][9]. Financial Performance - Sales for Q3 2025 were EUR 1,407 million, reflecting a nominal sales decline of 8.4% and a comparable sales growth (CSG) of -3.9%, or -2.7% excluding the Conventional business [9]. - The adjusted EBITA margin was 9.7%, down from 10.5% in Q3 2024 [9]. - Net income decreased to EUR 76 million from EUR 108 million in Q3 2024 [9]. - Free cash flow was EUR 71 million, down from EUR 119 million in Q3 2024 [9]. Market Conditions - The market is facing challenges, including subdued demand and price pressure in Europe, along with a slower-than-expected US market [2]. - The OEM business has experienced reduced demand and price pressure, particularly due to the impact of two major customers [4]. Business Segments - The Consumer business continues to grow, driven by a strong brand and successful expansion of the Hue portfolio [3]. - The Professional segment performed well in project business and connected lighting, including agricultural lighting, with both segments delivering robust margins [3]. Future Outlook - The company expects comparable sales growth of -2.5% to -3.0%, or -1.0% to -1.5% excluding Conventional, and an adjusted EBITA margin of 9.1% to 9.6% [5][16]. - Free cash flow generation is anticipated to be around 7% of sales [5][16]. Sustainability Initiatives - Signify is ahead of schedule to achieve its 2025 target of reducing greenhouse gas emissions by 40% compared to the 2019 baseline [8]. - Circular revenues increased to 37%, surpassing the 2025 target of 32%, primarily from serviceable luminaires in the Professional business [10]. - Brighter lives revenues rose to 34%, exceeding the 2025 target of 32%, with contributions from both Professional and Consumer products [11]. Leadership and Diversity - The percentage of women in leadership positions remained at 27%, which does not align with the company's 2025 ambitions, prompting continued efforts to enhance diversity [12].
Prospectus Approved for Listing of DNO’s USD 400 Million Hybrid Bonds on Oslo Stock Exchange
Globenewswire· 2025-10-24 05:00
Core Viewpoint - DNO ASA has received approval from the Financial Supervisory Authority of Norway for the listing of its 10.75 percent USD 400 million subordinated hybrid callable bonds on the Oslo Stock Exchange, with trading expected to commence on 24 October 2025 [1]. Company Overview - DNO ASA is a Norwegian oil and gas operator founded in 1971, making it Norway's oldest oil company. It was the first to list on the Oslo Stock Exchange in 1981 [3]. - The company operates in the Middle East, North Sea, and West Africa, holding stakes in various onshore and offshore licenses at different stages of exploration, development, and production [3].
Hiab's interim report January–September 2025: Profitability affected by lower sales in the US
Globenewswire· 2025-10-24 05:00
Core Insights - Hiab's profitability has been negatively impacted by lower sales in the US market, leading to a decrease in comparable operating profit margin to 11.4% [10][15][17] - The company has maintained its outlook for 2025, estimating a comparable operating profit margin above 13.5% [4][20] Financial Performance - In Q3 2025, orders received decreased by 3% to EUR 351 million compared to EUR 361 million in Q3 2024 [9][10] - Sales in Q3 2025 fell by 11% to EUR 346 million from EUR 388 million in Q3 2024, with a notable organic decrease of 8% in constant currencies [10][17] - The order book at the end of Q3 2025 was EUR 557 million, down 12% from EUR 636 million at the end of 2024 [9][10] - Services sales increased to 34% of total sales, up from 29% in the previous year [9][10] Segment Performance - The Equipment segment saw a 17% decline in sales to EUR 230 million in Q3 2025, while the Services segment experienced a 4% increase to EUR 116 million [22] - The comparable operating profit for the Equipment segment decreased by 48% to EUR 20.2 million, while the Services segment's profit increased by 24% to EUR 27.3 million [22] Cash Flow and Debt - Cash flow from operations before finance items and taxes was EUR 69 million, a decrease of 53% from EUR 147.6 million in Q3 2024 [14][17] - The company reported a strong net cash position of EUR 308 million following the sale of MacGregor, enhancing its capacity for future investments [19] Strategic Developments - Hiab has initiated a program targeting a EUR 20 million reduction in costs by 2026 to address current market challenges [18] - The company continues to focus on growth in key segments, particularly in North America and Services, while also prioritizing business excellence and M&A activities [18] Market Outlook - Despite current challenges, Hiab remains confident in achieving its long-term growth targets, aiming for over 7% annual growth [18][20] - The company has set ambitious climate targets, which are currently under validation by the Science Based Targets initiative (SBTi) [20]
X4 Pharmaceuticals Announces Pricing of $135 Million Underwritten Public Offering
Globenewswire· 2025-10-24 04:37
Core Viewpoint - X4 Pharmaceuticals has announced a public offering of 45,860,000 shares of common stock priced at $2.90 per share, aiming to raise approximately $135 million to fund the development of its drug mavorixafor and for general corporate purposes [1][2]. Group 1: Offering Details - The public offering includes pre-funded warrants for up to 700,000 shares at a price of $2.899 each, with an exercise price of $0.001 per share [1]. - The offering is expected to close on October 27, 2025, pending customary closing conditions [1]. - Underwriters have a 30-day option to purchase an additional 6,984,000 shares at the public offering price [1]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund the pivotal Phase 3 development of mavorixafor for chronic neutropenic disorders, along with general administrative expenses, capital expenditures, and working capital [2]. Group 3: Company Background - X4 Pharmaceuticals focuses on developing therapies for rare hematology diseases, with mavorixafor being an orally available CXCR4 antagonist currently marketed in the U.S. as XOLREMDI® [5]. - The company is conducting a global Phase 3 clinical trial (4WARD) for mavorixafor in patients with chronic neutropenic disorders [5].
RESILIENT PERFORMANCE IN FIRST NINE MONTHS – STRATEGIC ACTIONS TO DRIVE GROWTH AND PROFITABILITY 
Globenewswire· 2025-10-24 03:00
Core Insights - Sika demonstrated resilience in the first nine months of 2025, achieving a sales increase of 1.1% in local currencies despite challenging construction markets, particularly in China [2][3][6] - The company is implementing strategic actions, including structural adjustments and an investment program, to drive growth and profitability [3][12][13] Financial Performance - Sales in Swiss francs decreased to CHF 8.58 billion from CHF 8.91 billion, reflecting a foreign currency impact of -4.9% primarily due to a weak US dollar [2][6] - The material margin improved to 55.0% from 54.7%, while the EBITDA margin expanded to 19.2% from 19.1% [2][6] - Operating profit before depreciation (EBITDA) was CHF 1.64 billion, down from CHF 1.70 billion in the previous year [2][6] Regional Performance - In the EMEA region, sales grew by 2.1% in local currencies, with strong performance in the Middle East and Africa [5][7] - The Americas region saw a sales increase of 2.9% in local currencies, although growth softened due to US trade policy uncertainties [7] - The Asia/Pacific region experienced a decline of -3.9% in local currencies, primarily due to the downturn in China's construction sector [8][9] Strategic Initiatives - Sika is undertaking structural adjustments in response to weak markets, particularly in China, with anticipated one-off costs of CHF 80 to 100 million in 2025 [6][12] - The "Fast Forward" program aims to enhance operational excellence and customer value through digital acceleration, with investments of CHF 120 to 150 million expected to yield annual savings of CHF 150 to 200 million [12][13] - The company plans to reduce its workforce by up to 1,500 employees as part of these adjustments [6][12] Outlook - For 2025, Sika anticipates a modest increase in local currency sales and an EBITDA margin of approximately 19% after one-off costs [13][14] - The medium-term target includes an EBITDA margin of 20-23% and a revised growth guidance of 3-6% in local currencies [14]
Meridian Corporation Reports Third Quarter 2025 Results and Announces a Quarterly Dividend of $0.125 per Common Share
Globenewswire· 2025-10-23 21:49
Core Insights - Meridian Corporation reported a net income of $6.7 million for Q3 2025, representing a 19% increase from the previous quarter, driven by improved margins and strong loan growth [2][5][7] - The net interest margin rose to 3.77%, up from 3.20% in Q3 2024, reflecting a favorable interest rate environment and effective asset management [2][5][14] - Total assets remained stable at $2.5 billion, with a slight increase in portfolio loans and total deposits [20][21][22] Financial Performance - Net income for Q3 2025 was $6.7 million, or $0.58 per diluted share, up $1.1 million from the prior quarter [5][31] - Pre-provision net revenue (PPNR) increased to $11.5 million, a 35% improvement from Q3 2024 [5][7] - The return on average assets and return on average equity were 1.04% and 14.42%, respectively, indicating strong profitability metrics [5][31] Loan and Deposit Growth - Commercial loans, excluding leases, increased by $54.2 million, or 3% from the prior quarter, with significant contributions from commercial and industrial segments [5][21] - Total deposits rose by $20.7 million, or 1.0%, led by an increase in interest-bearing deposits [22][24] Non-Interest Income and Expenses - Total non-interest income decreased by $1.3 million, or 11.8%, primarily due to a decline in SBA loan income and net gains on the sale of mortgage servicing rights [16][18] - Non-interest expenses increased slightly by $189 thousand, or 0.9%, with notable increases in salaries and employee benefits [19][21] Asset Quality - Non-performing loans rose to $55.4 million, with a ratio of non-performing loans to total loans increasing to 2.53% [25][26] - The provision for credit losses decreased to $2.9 million, reflecting improved asset quality management [15][27] Capital and Equity - Total stockholders' equity increased by $10 million to $188 million, supported by net income and stock issuance [24][32] - The Community Bank Leverage Ratio was reported at 9.41%, indicating a solid capital position [24][32]