Suominen Corporation’s Interim Report for January 1 – September 30, 2025: Profitability affected by exceptional events, outlook reduced
Globenewswire· 2025-10-29 07:30
Core Insights - Suominen Corporation's profitability has been negatively impacted by exceptional events, leading to a reduced outlook for 2025 compared to previous expectations [2][10][75] Financial Performance - In Q3 2025, net sales decreased by 11% year-over-year to EUR 99.8 million, while for the first nine months of 2025, net sales decreased by 8% to EUR 317.1 million [2][12] - Comparable EBITDA for Q3 2025 was EUR 3.4 million, slightly up from EUR 3.3 million in Q3 2024, while for the first nine months, it decreased to EUR 10.7 million from EUR 12.8 million in the same period of 2024 [6][16] - The company reported a profit for the period of EUR -2.0 million in Q3 2025, an improvement from EUR -3.2 million in Q3 2024, and a loss of EUR -8.2 million for the first nine months compared to EUR -6.1 million in the same period of 2024 [15][18] Operational Challenges - Two significant incidents at US plants during Q3 2025, including an equipment failure and flooding, negatively impacted production and resulted in an estimated EUR 2.8 million loss in comparable EBITDA [6][10] - Cash flow from operations improved significantly to EUR 15.7 million in Q3 2025, compared to a negative cash flow of EUR -2.6 million in Q3 2024 [21] Market and Outlook - The company has revised its full-year guidance for 2025, now expecting comparable EBITDA to be lower than in 2024, which was EUR 17.0 million [2][10][75] - The demand for nonwoven products is expected to recover in the second half of the year, but the recovery has been slower than anticipated due to earlier supply chain disruptions [4][68] Sustainability Initiatives - Suominen received a Gold Medal from EcoVadis for the second consecutive year, placing it in the top 2% of companies in the textile manufacturing industry [9][25] - The company aims for over two-thirds of its raw materials to be plant-based and for more than half of its new R&D initiatives to focus on sustainable products [28]
Ignitis Group to present 9M 2025 results on 12 November
Globenewswire· 2025-10-29 07:00
Group Overview - AB "Ignitis grupė" will release its 9M 2025 results on Wednesday, 12 November 2025 [1] - An earnings call for investors and analysts will take place on the same day at 1:00 pm Vilnius / 11:00 am London time [1] Investor Engagement - Investors can join the earnings call online or by phone after registering [1] - Questions can be directed to the Group's Investor Relations team in advance or live during the earnings call [1] Additional Resources - Presentation slides will be available for download prior to the call [2] - The First nine months 2025 interim report, Fact Sheet (in Excel), and other published documents will also be available for download [2] - Contact information for Communications and Investor Relations is provided for further inquiries [2]
Board Update
Globenewswire· 2025-10-29 07:00
Core Viewpoint - Kenmare Resources plc has announced the appointment of Ekaterina (Katia) Ray as an independent Non-Executive Director, alongside other changes to its Board of Directors, aimed at strengthening the company's governance and strategic direction [2][3]. Group 1: Board Changes - Katia Ray has been appointed as an independent Non-Executive Director and member of the Remuneration Committee, effective immediately [2]. - Graham Martin will retire from the Board after nine years of service, effective January 31, 2026 [8]. - Elaine Dorward-King will take on the role of Senior Independent Director, while Katia Ray will chair the Remuneration Committee and Deirdre Somers will chair the Nomination Committee [8]. Group 2: Background of Katia Ray - Katia Ray has over 25 years of senior-level experience in the mining sector, including roles at FTSE 100 companies across Europe, Africa, North America, and Asia [5]. - She has held various senior positions in sales, marketing, business development, and change management during her 15 years at Rio Tinto [5]. - Katia founded her consultancy, KPNB Limited, in 2009, providing strategic advice to multinational corporations and private equity firms [6]. Group 3: Company Overview - Kenmare Resources plc is a leading global producer of titanium minerals and zircon, operating the Moma Titanium Minerals Mine in northern Mozambique [2]. - The Moma mine accounts for approximately 6% of global titanium feedstocks, supplying customers in over 15 countries [9].
Mowi ASA (OSE:MOWI): Notice to Extraordinary General Meeting
Globenewswire· 2025-10-29 07:00
Mowi ASA will conduct an Extraordinary General Meeting on 20 November 2025. Please find attached the notice to the meeting, including proposal from the Nomination Committee. Mowi's acquisition of Nova Sea AS has been completed, and the Extraordinary General Meeting is held to elect former chair and owner of Nova Sea AS, Aino Olaisen, as a new member of the Board of Directors of Mowi. The Nomination Committee 's recommendation to the Extraordinary General Meeting is that Aino Olaisen is elected as a new memb ...
ING to appoint Ida Lerner as chief financial officer
Globenewswire· 2025-10-29 07:00
ING to appoint Ida Lerner as chief financial officer ING announced today that Ida Lerner will be appointed chief financial officer of ING. Until recently, Ida served as chief financial officer at Norwegian bank DNB. She will succeed Tanate Phutrakul who will step down from his position at ING’s Annual General Meeting in April 2026 as announced in July 2025. Effective 1 April 2026, Ida will be appointed as member of the Management Board Banking. The Supervisory Board will propose to shareholders to appoint ...
PST Group AB shares will be removed from the Baltic Main List on 12 December 2025
Globenewswire· 2025-10-29 06:43
Core Point - Nasdaq Vilnius has changed the effective date for the delisting of PST Group AB shares from December 31, 2025, to December 12, 2025 [1] Summary by Sections - **Delisting Information** - PST Group AB shares (PTR1L, ISIN code LT0000101446) will be delisted from the Main List after the trading session on December 12, 2025, marking the last day for trading these shares on Nasdaq Vilnius [1]
Financial Statement, first nine months of 2025
Globenewswire· 2025-10-29 06:35
Core Insights - Jyske Realkredit A/S has approved its financial statement for the first nine months of 2025, indicating a formal acknowledgment of its financial performance during this period [1]. Financial Performance - The financial statement covers the performance metrics and results for the first three quarters of 2025, which are detailed in the attached document [2].
Interim Financial Report Q1-Q3 2025
Globenewswire· 2025-10-29 06:30
Core Insights - Jyske Bank has raised its profit expectations for 2025 to DKK 4.9bn-5.3bn, up from DKK 3.8bn-4.6bn, driven by positive developments in financial markets and strong credit quality [2][10] - The Danish economy is experiencing growth, with rising employment and housing market activity, while inflation remains controlled [3] Financial Performance - Earnings per share increased by 3% to DKK 62.5 in Q1-Q3 2025 compared to the previous year, despite lower short-term interest rates [2][11] - Core income decreased by 4% to DKK 9,942m, primarily due to a drop in net interest income following a reduction in the policy rate [10][12] - Core expenses fell by 1% to DKK 4,732m, although underlying expenses rose by 1% when adjusted for non-recurring items [10][13] - Loan impairment charges resulted in an income of DKK 22m, reflecting solid credit quality [10][14] Strategic Developments - The company is focusing on enhancing customer experience through investments in digitization and sustainability [4][5] - Jyske Bank has improved its customer satisfaction ratings, ranking first among corporate customers and achieving significant improvements among personal customers [6] - The consolidation of employees in the Glass Cube at Kalvebod Brygge has fostered a stronger professional environment and improved customer advisory services [7] Sustainability Initiatives - Sustainability is increasingly integrated into Jyske Bank's value proposition, with new green products and partnerships to support customers' green transitions [8]
Sampo plc’s share buybacks 28 October 2025
Globenewswire· 2025-10-29 06:30
Core Points - Sampo plc has initiated a share buyback program with a maximum limit of EUR 200 million, which commenced on 7 August 2025 [1][2] - On 28 October 2025, Sampo plc acquired a total of 293,553 A shares at an average price of EUR 9.78 per share [1] - Following the transactions, Sampo plc now holds a total of 19,601,134 A shares, representing 0.73% of the total shares outstanding [2] Summary by Category Share Buyback Program - The share buyback program was announced on 6 August 2025 and is in compliance with the Market Abuse Regulation (EU) 596/2014 [1] - The program is based on the authorization granted by Sampo's Annual General Meeting on 23 April 2025 [1] Transaction Details - On 28 October 2025, the daily buyback volumes and average prices were as follows: - AQEU: 1,991 shares at EUR 9.77 - CEUX: 116,530 shares at EUR 9.78 - TQEX: 28,201 shares at EUR 9.79 - XHEL: 146,831 shares at EUR 9.78 - The total buyback volume for the day was 293,553 shares at an average price of EUR 9.78 [1] Ownership Status - After the disclosed transactions, Sampo plc owns 19,601,134 A shares, which is 0.73% of the total number of shares [2]
Alm. Brand A/S - Interim report for Q3
Globenewswire· 2025-10-29 06:21
Core Insights - The company reported satisfactory Q3 results, leading to an upgrade of profit before tax by DKK 150 million, excluding special costs [1] - The CEO highlighted a strong inflow of new customers and progress in the merger of Codan and Alm. Brand, aiming to meet ambitious financial targets for 2025 [1][2] Financial Performance - Guidance for the insurance service result has been raised by DKK 100 million, now specified to DKK 1.75-1.85 billion [3] - Investment result guidance increased by DKK 50 million to DKK 300 million [3] - Q3 2025 insurance service result showed a profit of DKK 535 million, up from DKK 400 million, with a combined ratio improving to 82.2 from 85.7 [3] - Insurance revenue grew by 7.5% to DKK 3,006 million, driven by a 9.9% increase in Personal Lines premiums [3] - The underlying claims experience improved by 3.2 percentage points to 61.4, aided by favorable developments in Commercial Lines [3] - The expense ratio improved to 15.8 from 17.1, reflecting the group's cost-reduction objectives [3] - Synergy initiatives generated a positive accounting effect of DKK 158 million in Q3 2025, with expectations to realize over DKK 600 million in synergies for 2025 [3] - The investment result was satisfactory at DKK 66 million, with shares and bonds contributing positively [3] - Consolidated profit before tax reached DKK 452 million, up from DKK 376 million [3] - The company maintained a high SCR ratio of 254% in Q3 2025 based on PIM approval [3]