Nordic American Tankers Ltd (NYSE: NAT) – The company is in an active phase of development
GlobeNewswire· 2025-05-09 09:54
Friday, May 9, 2025 Dear Shareholders and Investors, The first months of 2025 since the end of 2024 has been the most active period in Nordic American (NAT) for several years. The path forward is up. Dividend is a priority. As per previous communication to the market, we are in the process of acquiring two or three vessels and to sell a few ships. We have purchased two vessels, declared purchase options on two of our lease financed ships and subsequently refinanced them. As a part of our total plan, tw ...
Change in the composition of the Management Board
GlobeNewswire· 2025-05-09 09:30
Group 1 - Innar Kaasik is resigning from his position as a member of the Management Board of Enefit Green effective June 7, 2025 [1] - Innar Kaasik has been part of the Management Board since 2017 and previously served as CEO of Enefit Taastuvenergia [1] - A recruitment process will be initiated to find a new member for the Management Board, focusing on enhancing income potential and developing a long-term plan for the Iru cogeneration plant [2] Group 2 - Juhan Aguraiuja and Argo Rannamets will continue their roles as members of the Management Board of Enefit Green [2]
Delta, Korean Air to strengthen partnerships with WestJet
GlobeNewswire· 2025-05-09 09:00
Delta, Korean Air to strengthen partnerships with WestJet Delta and Korean to acquire independent equity stakes totaling 25% in WestJet for US$550 million from Onex Partners and its affiliated funds and co-investors (the “Onex Group”)Agreement will further align airlines’ interests, expand customer benefits and strengthen connectivity between Canada and North America, Europe and Asia and beyond Delta Air Lines and Korean Air will strengthen their respective partnerships with WestJet through the purchase of ...
Himax to Debut Breakthrough Ultra-Luminous Miniature Dual-Edge Front-lit LCoS Microdisplay at SID Display Week 2025
GlobeNewswire· 2025-05-09 07:50
Setting the Standard for Next-Gen AR Applications and Optical Systems with Industry-Leading Brightness, Power Efficiency and an Ultra-Compact Form FactorTAINAN, Taiwan, May 09, 2025 (GLOBE NEWSWIRE) -- Himax Technologies, Inc. (Nasdaq: HIMX) (“Himax” or “Company”), a leading supplier and fabless manufacturer of display drivers and other semiconductor products, today announced the unveiling of its miniature ultra-luminous Dual-Edge Front-lit LCoS microdisplay at Display Week 2025. Organized by the Society fo ...
APMH Invest has obtained all necessary regulatory approvals for the all-cash recommended purchase offer for the shares in Svitzer
GlobeNewswire· 2025-05-09 07:21
Core Viewpoint - APMH Invest A/S has received all necessary regulatory approvals to proceed with its all-cash voluntary recommended purchase offer for Svitzer Group A/S shares, with the offer set to expire on May 14, 2025 [2][3][5]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large seaborne vessels in maneuvering in and out of ports and terminals. The company operates over 450 vessels and serves approximately 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4].
Middlefield Canadian Income PCC: Director/PDMR Shareholding
GlobeNewswire· 2025-05-09 06:00
Core Viewpoint - Middlefield Canadian Income PCC announced a transaction involving the purchase of Redeemable Participating Preference Shares by Middlefield Limited, a company associated with director Dean Orrico, indicating active management involvement in the company's equity [1][2]. Group 1: Transaction Details - The transaction involved the purchase of 50,000 Redeemable Participating Preference Shares at a price of £1.21 each, totaling £60,500 [1][2]. - The transaction occurred on 7 May, 2025, on the London Stock Exchange [2]. - Persons closely associated with Mr. Orrico hold a total of 220,000 Redeemable Participating Preference Shares, representing 0.21% of the Fund's issued share capital, excluding treasury shares [2]. Group 2: Company Information - Middlefield Limited serves as the investment manager for Middlefield Canadian Income PCC [2]. - The legal entity identifier for the company is 2138007ENW3JEJXC8658 [1].
Notice on the reduction of the authorised capital
GlobeNewswire· 2025-05-09 06:00
Core Points - The Company has decided to reduce its authorised capital by cancelling 107,480 of its own ordinary registered shares acquired during a share buy-back process [1][2] - The authorised capital will decrease from EUR 11,689,050.30 to EUR 11,533,204.30 as a result of this cancellation [2] - After the registration of the new Articles of Association, the authorised capital will be divided into 7,953,934 ordinary registered shares, each with a nominal value of EUR 1.45 [3]
Cornish Metals Hosts Her Royal Highness the Princess Royal at South Crofty
GlobeNewswire· 2025-05-09 06:00
Core Insights - Cornish Metals Inc. has successfully re-opened the New Cook's Kitchen shaft at its South Crofty tin project, marking a significant milestone in its operations [1][3][4] - The company recently completed a £57.4 million fundraising round, which included a £28.6 million strategic investment from the UK Government's National Wealth Fund, indicating strong governmental support for domestic tin production [2][4] - The South Crofty project aims to provide a secure and sustainable domestic supply of tin, which is classified as a critical mineral in several countries, including the UK, USA, and Canada [4] Company Developments - The visit from Her Royal Highness The Princess Royal included tours of various operational aspects of the South Crofty project, highlighting the company's commitment to transparency and community engagement [2][5] - The refurbishment of the New Cook's Kitchen shaft is essential for mine re-entry at lower levels, which is crucial for the future production of tin [3][4] - The company emphasizes the importance of developing Western sources of tin to reduce reliance on international markets, particularly as Asia currently controls over two-thirds of global mine supply [4] Industry Context - Tin is increasingly recognized for its role in electronics and energy transition technologies, making its domestic production vital for the UK and other Western nations [4] - The lack of primary tin production in Europe and North America underscores the strategic importance of the South Crofty project in securing a long-term domestic supply [4]
Solar A/S: No. 5 2025 Revenue returns to growth
GlobeNewswire· 2025-05-09 05:59
Core Insights - The company reported Q1 2025 revenue of DKK 3,223 million, an increase from DKK 3,030 million in Q1 2024, indicating a positive trend in financial performance [5] - EBITDA for Q1 2025 was DKK 74 million, down from DKK 88 million in Q1 2024, with an EBITDA margin of 2.3% compared to 2.9% in the previous year [5] - The company confirmed its EBITDA guidance for 2025, projecting between DKK 530 million and DKK 600 million [5][6] Financial Performance - Organic growth improved significantly to 6.5% in Q1 2025, recovering from a decline of -15.4% in Q1 2024 [2][5] - Cash flow from operating activities was negative at DKK -88 million in Q1 2025, compared to a positive DKK 7 million in Q1 2024 [5] - The gearing ratio (NIBD/EBITDA) increased to 2.4 times from 2.1 times year-over-year, indicating a higher level of debt relative to earnings [5] Operational Changes - The company initiated measures to optimize its operating model, including cost containment and staff reductions, resulting in restructuring costs of approximately DKK 40 million in Q1 2025 [3] - Transition costs of DKK 12 million were incurred in Q1 2025 due to the fast-tracking of the new logistics center in Kumla, which is expected to lead to savings of approximately DKK 60 million in the future [4][5] Market Outlook - The company anticipates a recovery in 2025, although the timing and strength of this recovery have become more unpredictable [4][8] - The overall market and main segments have rebounded, contributing to the positive organic growth reported [2]
MT Højgaard Holding A/S: Good start to 2025
GlobeNewswire· 2025-05-09 05:56
First Quarter Results - MT Højgaard Holding reported a revenue increase of 14% to DKK 2,625 million, attributed to higher activity levels and faster project progress [7] - Operating profit (EBIT) rose by 5% to DKK 99 million, with MT Højgaard Danmark benefiting from high efficiency and good capacity utilization [7] - The loss from discontinued operations decreased significantly from DKK 68 million to DKK 13 million following the winding up of international activities [7] Order Intake and Order Book - The order intake increased for the fourth consecutive quarter, rising from DKK 1.3 billion to DKK 2.6 billion, with construction partnerships accounting for 26% of the intake [7] - The order book at the end of the quarter stood at DKK 11.8 billion, with additional future projects valued at DKK 5.1 billion [7] Outlook for 2025 - The full-year outlook remains unchanged, supported by a healthy order book and strong market growth segments [3][4] - Revenue is forecasted to be around DKK 10.0-10.5 billion, with 85% of expected revenue already contracted [7] - Operating profit (EBIT) is anticipated to be between DKK 400-450 million, with expectations of lower losses in discontinued operations [7]