Workflow
TomTom and GeoInt deepen partnership to drive innovation in African Telematics and Mobility
Globenewswire· 2025-11-06 06:30
Core Insights - TomTom has renewed its partnership with GeoInt, enhancing their collaboration in providing location-based solutions across various industries in Africa [1][9] - The partnership allows GeoInt to utilize TomTom's advanced APIs and map data for improved fleet management and operational efficiency [3][4] Company Overview - TomTom is a location technology specialist headquartered in Amsterdam, with over 30 years of experience in shaping mobility solutions [8] - GeoInt is a geospatial technology company focused on enhancing business and societal outcomes through data-driven insights, operating across Africa [9] Partnership Details - The renewed agreement enables GeoInt to leverage TomTom's maps, traffic, and geocoding APIs for real-time fleet tracking and route optimization [3][4] - This collaboration has been ongoing for more than two decades, reinforcing GeoInt's leadership in fleet management in Africa, with over 1.8 million connected vehicles in South Africa [4] Industry Impact - The integration of TomTom's location technology is expected to improve safety and operational efficiency for fleet operators [3] - The partnership aims to enhance logistics and fleet operations, providing localized accuracy and reliable support for connected mobility solutions [6]
DFDS INITIATES COST REDUCTION PROGRAMME & LOWERS 2025 OUTLOOK
Globenewswire· 2025-11-06 06:28
Core Viewpoint - DFDS is initiating a Cost Reduction Programme aimed at achieving DKK 300 million in cost savings by 2026 to enhance financial performance and competitiveness in a changing market environment [2][3][7] Group 1: Cost Reduction Programme - The Cost Reduction Programme will primarily involve a reduction of approximately 400 office-based positions and other specific cost initiatives across the organization [3][7] - A one-off cost of around DKK 100 million is expected to be incurred in Q4 2025, mainly related to redundancies [3][7] Group 2: Financial Outlook - The EBIT outlook for 2025 has been lowered to DKK 600-750 million from a previous estimate of DKK 800-1,000 million, largely due to uncertainties in Q4 2025 for Mediterranean ferry and logistics activities [4][7] - The full-year 2025 Adjusted free cash flow is now expected to be around DKK 0.9 billion, down from a prior estimate of DKK 1.0 billion [4][7] Group 3: Company Overview - DFDS operates a transport network in Europe with an annual revenue of DKK 30 billion and employs approximately 16,500 full-time staff [6][8]
Arab League Mission in China Presents Honorary Title to Dr. Lingyun Xiang
Globenewswire· 2025-11-06 06:28
Core Points - The League of Arab States (LAS) honored Dr. Lingyun Xiang with the title of "China–Arab League Ambassador for Friendship and Exchange" for his contributions to diplomacy and economic cooperation between China and Arab countries [2][3] - Ambassador Fahmy highlighted Dr. Xiang's role in enhancing connectivity and promoting bilateral investment and collaboration [3] - Dr. Xiang expressed gratitude for the honor and committed to furthering dialogue and collaboration between Chinese enterprises and Arab nations [4] Summary by Sections - **Recognition and Honor**: Dr. Lingyun Xiang received the honorary title from the LAS for his significant contributions to China-Arab relations [2][3] - **Ambassador's Remarks**: Ambassador Fahmy acknowledged Dr. Xiang's efforts in bridging China and the Arab world, emphasizing the importance of his work in investment and industrial collaboration [3] - **Dr. Xiang's Commitment**: Dr. Xiang pledged to use his expertise to foster economic development and cultural exchange between the regions [4] - **Dr. Xiang's Credentials**: He is recognized as a Lifetime Academician and Fellow in various prestigious institutions, showcasing his extensive involvement in international economic cooperation [5] - **Future Collaboration**: The ceremony signifies the increasing momentum of exchanges between LAS and China, indicating potential for future cooperation [6]
DEMIRE reports expected decline in earnings as a result of property sales in the first three quarters of 2025
Globenewswire· 2025-11-06 06:15
Core Insights - DEMIRE Deutsche Mittelstand Real Estate AG reported an expected decline in earnings for the first nine months of 2025, primarily due to a targeted reduction in its real estate portfolio [1][5]. Financial Performance - Rental income decreased to EUR 41.4 million compared to EUR 50.6 million in the same period of 2024, reflecting a decline in profit from real estate rentals and write-downs on loans [2][6]. - Earnings before interest and taxes (EBIT) fell to EUR -28.1 million, worsening from EUR -13.8 million in 2024 [2][11]. - Funds from operations (FFO I) after tax, before minorities and interests on shareholder loans dropped to EUR 8.3 million from EUR 23.0 million in the previous year [3][11]. Portfolio and Market Performance - Despite a smaller portfolio, letting performance remained stable at 56,200 m², with 18% from new leases and 82% from contract extensions [4]. - The EPRA vacancy rate increased to 17.4% as of September 30, 2025, up from 15.1% at the end of 2024 [4][12]. - The market value of the DEMIRE portfolio decreased to approximately EUR 735.3 million from EUR 779.3 million [5][12]. Strategic Focus - The company is focusing on operational efficiency and asset management to ensure stable rental performance, while also implementing energy savings in its portfolio [5]. - The net asset value (NAV) per share fell to EUR 1.80 from EUR 2.45, reflecting the negative results for the period [5][12]. - The company confirmed its guidance for 2025, expecting rental income between EUR 52.0 million and EUR 54.0 million, and FFO I between EUR 5.0 million and EUR 7.0 million [6][8]. Liquidity and Debt Management - The average nominal cost of debt remained stable at 4.43% per annum, while net debt decreased to EUR 362.2 million from EUR 371.1 million [6][7]. - Cash and cash equivalents increased to EUR 49.8 million, driven by property sales [7].
VALLOUREC AWARDED FURTHER VOLUMES FOR TOTALENERGIES’ GAS GROWTH INTEGRATED PROJECT IN IRAQ
Globenewswire· 2025-11-06 06:01
Core Insights - Vallourec has been awarded a second contract by TotalEnergies to supply tubular solutions for the drilling of 48 wells as part of the Associated Gas Upstream Project 2 (AGUP2) in Iraq, which is a key component of the Gas Growth Integrated Project (GGIP) [1][2] - The AGUP2 project aims to enhance oil production capacity to 210,000 barrels per day and gas production to 154 million standard cubic feet per day while reducing routine flaring and supporting Iraq's low-carbon energy transition [1][2] - Vallourec will deliver over 30,000 tons of premium tubular solutions for this new phase, including approximately 3,000 tons of anti-corrosion coated Premium Line Pipe products [3] Company Overview - Vallourec is recognized as a global leader in premium tubular solutions, catering to energy markets and demanding industrial applications, including oil and gas wells and new generation power plants [4] - The company employs nearly 13,000 individuals across more than 20 countries, focusing on delivering innovative and competitive tubular solutions [4] Financial and Market Information - Vallourec is listed on Euronext in Paris and is part of several indices, including CAC Mid 60, SBF 120, and Next 150 [5] - The company has established a sponsored Level 1 American Depositary Receipt (ADR) program in the United States, with a parity set at 5:1 between ADR and ordinary shares [5]
2025 9 months and III quarter consolidated unaudited interim report
Globenewswire· 2025-11-06 06:00
COMMENTARY FROM MANAGEMENT Merko Ehitus generated revenue of EUR 74 million in the third quarter of 2025 and EUR 242 million in the first 9 months of the year. Net profit for Q3 amounted to EUR 15.0 million, while net profit for the 9-month period was EUR 36.7 million. So far this year, Merko has handed over 55% more apartments and commercial premises to buyers than in the first nine months of last year. According to the management of Merko Ehitus, the third quarter, some of the most significant constructio ...
Interim Report Q3 2025: Solid quarter with 1% organic growth, 11% EBITA margin and DKK 410 million cash flow
Globenewswire· 2025-11-06 06:00
Highlights The Hearing division delivered 7% organic revenue growth driven by the continued strong performance of ReSound Vivia, enabling broad-based market share gains. The divisional profit margin ended at 34%, driven by positive operating leverage, but partly offset by negative country mixThe Enterprise division continued to experience positive sell-out growth outside of Europe, driven by strong channel execution and market leading innovation, while Europe continued to be challenged due to market uncerta ...
Pharming Group reports third quarter 2025 financial results with significant growth in revenue, profitability and cash flow
Globenewswire· 2025-11-06 06:00
Total third quarter 2025 revenues increased by 30% to US$97.3 million, compared to third quarter 2024RUCONEST® third quarter revenue increased by 29% to US$82.2 million, compared to third quarter 2024, reflecting sustained growth in patients and prescribersJoenja® (leniolisib) third quarter revenue increased by 35% to US$15.1 million, compared to third quarter 2024, reflecting strong growth in patients on therapy FDA granted priority review of sNDA for leniolisib for children aged 4 to 11 years with APDS wi ...
DNO Posts Solid Third Quarter Results; Launches Fast-Track Kjøttkake Tie-Back
Globenewswire· 2025-11-06 06:00
Oslo, 6 November 2025 – DNO ASA, the Norwegian oil and gas operator, today reported record revenue of USD 547 million and operating profit of USD 222 million in the third quarter of 2025, both more than double the previous quarter’s figures. Net production grew to 115,400 barrels of oil equivalent per day (boepd), with 77,300 boepd from the North Sea, including the acquired Sval Energi AS assets, 34,900 boepd from the Kurdistan region of Iraq and 3,100 boepd from West Africa. DNO expects to further increase ...
ArcelorMittal reports third quarter 2025
Globenewswire· 2025-11-06 06:00
Luxembourg, November 6, 2025 - ArcelorMittal (referred to as “ArcelorMittal” or the “Company” or the "Group") (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results1 for the three-month and nine-month periods ended September 30, 2025. 3Q 2025 key highlights: Safety focus: Protecting employee health and safety is a core value of the Company. LTIF rate of 0.76x in 3Q 2025. In the first year of our three-year safety transfor ...