Core Insights - Oma Savings Bank Plc reported a challenging first quarter in 2025, with high costs and declining market interest rates negatively impacting results [1][2] - The bank's comparable profit before taxes for Q1 2025 was EUR 4.6 million, a significant decrease from EUR 25.6 million in the same period last year [3][12] - The company is focused on strengthening its operations and customer relationships while addressing the challenges posed by increased costs and regulatory scrutiny [2][10] Financial Performance - The net interest income decreased by 18.3% year-on-year, totaling EUR 46.9 million, primarily due to lower market interest rates [5][13] - Total operating income fell by 19% compared to the previous year, amounting to EUR 60.1 million [12][13] - Total operating expenses increased by 31.9%, driven by costs associated with the risk management action plan and personnel growth [13][14] Risk Management and Provisions - Impairment losses on financial assets totaled EUR -22.3 million, with one-third related to updates in the expected credit loss (ECL) calculation model [7][13] - A provision of EUR 3.0 million was made in anticipation of potential sanctions from the Finnish Financial Supervisory Authority (FIN-FSA) due to identified deficiencies [8][15] Customer and Employee Engagement - Customer and employee satisfaction levels remain high, with the bank gaining 10,000 new customers following the acquisition of Handelsbanken [9][10] - The bank has a strong customer base of over 200,000 and continues to focus on providing personalized services [9][20] Outlook and Guidance - The company maintains its earnings guidance for 2025, expecting comparable profit before taxes to be between EUR 65–80 million, likely below the midpoint of this range [15][18] - The outlook is influenced by ongoing high costs related to IT investments and the uncertain economic environment [16][18]

Core Insights - Lleida.net achieved its best quarterly performance ever in Q1 2025, with sales of €5.29 million, representing a 12% increase year-over-year [1] - The company reported an EBITDA of €1.22 million, up 84%, marking the highest in its history [1] - Operating profit reached €716,000, a significant increase of 387% compared to Q1 2024 [2] - Pre-tax profit stood at €641,000, up 477% from the previous year, also the best in the company's history [2] Financial Performance - The company's cost control policy, internal reorganization, and commercial expansion in Europe and Latin America contributed to these results [2] - All business lines showed stability, with the Registered Electronic Contracting product line growing by 31% and the commercial SMS line by 29% [4] - Lleida.net reduced its net financial debt by 7% in the quarter, amounting to nearly €500,000 [4] Strategic Initiatives - The company has focused on developing standard products, which currently account for 48% of total sales [4] - Lleida.net has implemented an innovation policy to adapt its technology to meet current and future customer needs [5] - The Recovery Plan launched in November 2023 has been acknowledged by the CEO as a successful strategy to regain market position and shareholder confidence [3] Company Background - Founded in 1995, Lleida.net is a leading provider of certification, notification, and registered electronic signature services in Europe [5] - The company holds over 300 patents in its business segment across more than 60 countries [5] - Lleida.net has been listed on multiple exchanges, including BME Growth in Madrid, Euronext Paris, and OTCQX in New York for 10 years [6]

Core Viewpoint - Inventiva has successfully completed the enrollment of the Phase 3 NATiV3 study for lanifibranor in MASH and has initiated the second tranche of its structured financing, raising €115.6 million in gross proceeds to support the drug's development [1][2][4]. Financing Details - The second tranche of structured financing amounts to €115.6 million gross (net proceeds of €108.5 million) [1][4]. - The financing was led by existing investors from the first tranche, including New Enterprise Associates, BVF Partners LP, and Samsara BioCapital [3]. Use of Proceeds - The net proceeds from the T2 Transaction will primarily be used to finance the development of lanifibranor in MASH, particularly the continuation of the NATiV3 Phase 3 clinical trial [4]. Financial Position - As of December 31, 2024, the company's cash and cash equivalents were €96.6 million, which was projected to cover operational needs until mid-Q3 2025 [5]. - Following the T2 Transaction, the company estimates sufficient net working capital to meet obligations for the next 12 months, extending financing capabilities until the end of Q3 2026 [6]. Future Funding Needs - The company will require additional funding to achieve long-term objectives for lanifibranor's development and potential commercialization through public offerings, private placements, or strategic partnerships [7]. Transaction Characteristics - The T2 Transaction involves the issuance of 42,488,883 new shares at a subscription price of €1.35 per share, with attached warrants [9][12]. - The Board confirmed that all conditions for the issuance of the second tranche have been satisfied, including the completion of enrollment in the NATiV3 study [10][11]. Shareholder Impact - The issuance of new shares and warrants will dilute existing shareholders, with significant changes in ownership percentages expected post-transaction [23][25][29].

Company Overview - INVL Technology is an investment company focused on IT businesses, managing companies such as NRD Cyber Security, NRD Companies, and Novian [2] - The company is managed by INVL Asset Management, a leading alternative asset manager in the Baltics [4] Financial Performance - As of December 2024, INVL Technology reported an equity and net asset value of EUR 51.43 million, representing an 18.2% increase year-over-year [2] - The value per share of its equity and NAV was EUR 4.2896, reflecting a growth of 19% [2] - The audited net profit for 2024 was EUR 8.09 million, which is 56.6% higher than in 2023 [2] Valuation Update - Enlight Research has updated its valuation of INVL Technology, raising the target price for its shares to EUR 4.12 from EUR 4.01 [1] - Prior to this update, INVL Technology's share price was EUR 3.4 on the Nasdaq Vilnius stock exchange [1] M&A Activity - In March of the previous year, INVL Technology entered into an agreement with Corum Group International for M&A advisory services related to the sale of its portfolio of businesses [3] Investment Strategy - INVL Technology is a closed-end investment company that is required to exit its investments by mid-July 2026 and distribute the proceeds to shareholders [4]

Group 1 - Dawn Health has secured EUR 11.5 million in funding from existing investors to scale its platform and product suite for next-generation pharmaceutical digital health solutions [1] - The company has developed a platform tailored for the pharmaceutical industry, which has been adopted by major players like Merck and Novartis [2] - The Dawn Platform enhances patient care and outcomes through advanced capabilities in AI, data analytics, and clinical integrations, supporting therapy companions and disease management programs [3] Group 2 - The CEO of Dawn Health emphasized the ambition to lead in digital health and improve patient lives globally, with the new funding aimed at expanding market reach [4] - Since a major investment in December 2021, Dawn Health has significantly increased its revenue and workforce, now employing over 100 people [5] - Dawn Health specializes in Software as a Medical Device (SaMD) and Digital Therapeutics (DTx), focusing on chronic conditions and patient-centric solutions [6]

Core Insights - Infortar, Estonia's largest investment holding company, reported a 20% increase in turnover for Q1 2025, reaching €447 million, with total assets nearly doubling to €2.6 billion and investments tripling to €22 million [1][14][17] - The consolidation of Tallink's results into Infortar's financial statements led to a net loss of €14.6 million for Q1 2025, primarily due to Tallink's seasonal losses and an income tax expense [2][16] - The company has diversified its operations across agriculture, industry, and services, becoming a market leader in each sector [3] Financial Performance - In Q1 2025, Infortar's sales revenue increased by €74.7 million compared to Q1 2024, largely due to the consolidation of Tallink Grupp [14] - The EBITDA for the maritime transport segment was negative at €-3.8 million, while the energy segment reported €31.8 million, and the real estate segment's EBITDA was €3.4 million [15] - The net profit attributable to Infortar's owners was €-4.5 million, a significant decline from a profit of €62.2 million in Q1 2024 [16] Sector Performance - The maritime transport segment faced challenges due to low consumer confidence and economic conditions in core markets, resulting in a loss of €33 million for Tallink in Q1 2025 [4][7] - The energy segment remained profitable despite a 19% decrease in natural gas consumption in the Finnish-Baltic region, attributed to an exceptionally warm winter [9][11] - The real estate segment experienced significant growth, expanding its portfolio by nearly 50% over the past year [5] Investment and Strategy - Infortar's total investments in Q1 2025 amounted to approximately €22 million, with a focus on expanding its agricultural sector presence [17] - The company maintains a strong balance sheet with free liquidity of €153 million, allowing for continued investment and adherence to its dividend policy [6][19] - Infortar operates in seven countries and has diversified its activities beyond its main sectors, including construction, agriculture, and mineral resources [24]

Core Points - The company AB KN Energies has selected AB Kauno tiltai as the contractor for the Klaipėda LNG terminal electrification project through an international public procurement process [1] - The contract for the engineering, procurement, and construction works is valued at EUR 19.3 million, excluding VAT [2] - The contractor will design and install the electrical cable necessary for the LNG floating storage regasification unit (FSRU) "Independence," which will run through Klaipėda city and beneath the Curonian Lagoon [3] - A subsidy agreement was signed in April 2025, allocating EUR 6 million from the EU's Modernisation Fund Program for the project, with the remaining funds to be borrowed from commercial banks [4] - The project has received approval from the National Energy Regulatory Council for inclusion in the regulated asset base and is expected to be completed within three years [5]

Core Points - Orange announces changes in its Executive Committee, appointing Jérôme Hénique as CEO of Orange France and Yasser Shaker as CEO of Orange Middle East and Africa [2][3][4] Group 1: Executive Appointments - Jérôme Hénique will transition from CEO of Orange Middle East and Africa to CEO of Orange France, effective June 1, 2025, while remaining on the Group Executive Committee [2][3] - Yasser Shaker, currently CEO of Orange Egypt, will take over as CEO of Orange Middle East and Africa starting July 1, 2025, and will also join the Group Executive Committee [3][4] Group 2: Leadership Insights - Christel Heydemann, CEO of Orange Group, expressed gratitude towards Jean-François Fallacher for his contributions and confidence in the new appointees, highlighting their experience and potential for growth [4] - Jérôme Hénique has a strong background in the region, having overseen 18 countries and more than 135 million customers, contributing to significant revenue and EBITDAaL growth [6] Group 3: Company Overview - Orange reported revenues of €40.3 billion in 2024 and had a total customer base of 294 million as of March 31, 2025, including 256 million mobile customers [9][10] - The company operates in 26 countries and is recognized as a leading provider of global IT and telecommunications services [11]

Core Insights - SAGA Metals Corp. has announced promising drill results from its 2025 maiden drill program at the Radar Ti-V-Fe Project in Labrador, Canada, indicating significant mineralization potential [1][10][12] Exploration and Drilling Details - The initial drill program consisted of 7 holes totaling 2,200 meters, targeting a magnetic anomaly identified in previous surveys, with drilling reaching depths of 200 meters [2][11] - The drilling confirmed the presence of a titanomagnetite mineralization system, which is advantageous for simplified metallurgical processing [10][12] Key Drill Results - Significant intercepts from the first two holes include: - HEZ-01: 31.5 meters grading 25.95% Fe, 5.34% TiO₂, and 0.28% V₂O₅ [6][7] - HEZ-04: 50 meters grading 24.49% Fe, 4.74% TiO₂, and 0.305% V₂O₅ [6][7] - High-grade samples from HEZ-01 and HEZ-04 showed exceptional grades, with some samples exceeding 60% titanomagnetite content [10][12] Geological Context and Future Plans - The Radar Property encompasses a 20 km long oxide layering zone, with the current drilling covering only 1/40th of this area [11][16] - The company plans to expand exploration systematically, utilizing magnetic surveys followed by targeted drilling to identify the most prospective targets [11][13] Company Overview - SAGA Metals Corp. is focused on the exploration of critical minerals, including titanium, vanadium, and iron ore, which are essential for the green energy transition [20][22] - The company also holds other significant projects, including the Double Mer Uranium Project and the Legacy Lithium Property, positioning it strategically in the mining sector [20][21]

Core Insights - Arco Vara AS has appointed Darja Bolshakova as the new Chief Financial Officer, bringing 15 years of experience in the financial sector [1] - Bolshakova has held senior positions in various companies, focusing on financial reporting, investment strategies, fund administration, and M&A transactions [1] - Kristina Mustonen, CEO of Arco Vara AS, emphasized the importance of strong financial leadership for the company's growth and stability [2] Company Leadership - Darja Bolshakova will also serve as a Management Board member in all Estonian subsidiaries of Arco Vara AS [2] - Bolshakova holds a master's degree in finance from the University of Tartu, enhancing her qualifications for the CFO role [1] Strategic Importance - The selection of Bolshakova was influenced by her diverse experience in sectors such as real estate development, private equity, and international investment portfolios [2] - Mustonen believes that Bolshakova's analytical skills and experience in value-based decision-making will support the company's sustainable growth [2]