Tallinna Vesi's first-quarter sales were €16 million
GlobeNewswire· 2025-04-25 06:00
Financial Performance - AS Tallinna Vesi's sales in Q1 2025 reached €16 million, a 5.9% increase from Q1 2024, driven by higher consumption volumes and a price change [1] - The company's net profit for Q1 2025 was €3.44 million, up €0.43 million from the previous year, influenced by the price change for water services and reduced interest costs [2] - Key financial indicators include a gross profit of €6.59 million (up 8.6% YoY) and an operating profit of €4.49 million (up 8.7% YoY) [16] Operational Developments - The company is investing €61 million in 2025 to enhance infrastructure and ensure service continuity, with a focus on adapting to climate changes [4] - In Q1 2025, Tallinna Vesi produced 2.2 GWh of energy from a new combined heat and power plant, reducing costs by €250,000 [3] - The water loss rate in the distribution network improved to 15.88%, down from 16.55% a year earlier, due to ongoing monitoring and rehabilitation efforts [11] Environmental Initiatives - Tallinna Vesi's commitment to sustainability was recognized in a Kantar Emor survey, ranking it among the top five green infrastructure companies [9] - The company removed over 240 tonnes of debris and significant amounts of nitrogen and phosphorus from wastewater in Q1 2025, contributing to the cleanliness of the Baltic Sea [10] - The installation of smart meters for 67% of customers aims to enhance leak detection and environmental conservation [14] Customer Engagement and Community Involvement - The company continues to promote the benefits of drinking tap water and participated in career fairs to attract talent [8] - An outage map was made available on the company's website to inform consumers about planned and emergency water interruptions [7] Infrastructure Improvements - By the end of Q1 2025, approximately 7 kilometers of pipelines were rehabilitated or constructed, with a focus on no-dig methods to minimize disruption [12][13] - The treatment process at the wastewater treatment plant is being upgraded to improve efficiency in debris removal [6]
Digitalist Group Plc’s Business Review, 1 January – 31 March 2025
GlobeNewswire· 2025-04-25 06:00
Core Insights - Digitalist Group Plc has reported improvements in both turnover and profitability for Q1 2025 compared to the same period in 2024, with turnover reaching EUR 4.5 million, an increase of nearly 16% from EUR 3.9 million [2][8] - The company's EBITDA for Q1 2025 was EUR -0.1 million, an improvement from EUR -0.4 million in Q1 2024, indicating the effectiveness of cost-saving measures [3][8] - The Swedish market remains a strong revenue driver, while the Finnish market presents challenges, yet the company has managed to increase revenue through established relationships [4] Financial Performance - Turnover: EUR 4.5 million (EUR 3.9 million), increase of 15.6% [8] - EBITDA: EUR -0.1 million (EUR -0.4 million), -3.0% of turnover (-10.4%) [8] - EBIT: EUR -0.3 million (EUR -0.6 million), -5.9% of turnover (-15.8%) [8] - Net income: EUR -1.0 million (EUR -1.0 million), -23.0% of turnover (-27.0%) [8] - Number of employees: 123 (125), reduction of 1.6% [8] Future Outlook - The company expects turnover and EBITDA to improve in 2025 compared to 2024, with sufficient working capital anticipated to meet requirements over the next 12 months [9]
Non-Executive Director Appointment
GlobeNewswire· 2025-04-25 06:00
Appointment Announcement - Northern 3 VCT PLC has appointed David Ovens as a non-executive director effective from 24 April 2025 [1] - David Ovens will also serve on the Company's audit, nomination, and management engagement committees [1] Experience and Background - David Ovens brings 30 years of experience in the investment industry and is currently the Joint Managing Director of Archangel Investors [1][2] - He has extensive venture capital experience, having previously served as Chair of SIS Ventures and trustee of Social Investment Scotland [2] - His corporate finance experience includes roles at Bank of Scotland, Noble Grossart, and Noble & Company [2] Additional Roles - David currently serves as Chair of the Board of Scottish Athletics and as a non-executive director of UK Athletics [3] - He is also a General Council Assessor for the University of Edinburgh Court [3] Compliance - There are no disclosures required under UKLR 6.4.8 R of the UK Listing Rules regarding David Ovens' appointment [3]
Texaf: 1st QUARTER ACTIVITIES
GlobeNewswire· 2025-04-25 06:00
Core Insights - The document contains regulated information regarding the quarterly financial results of the company, highlighting key performance metrics and strategic developments [1] Financial Performance - The company reported a quarterly revenue of €X million, representing a Y% increase compared to the previous quarter [1] - Net profit for the quarter was €Z million, showing a growth of A% year-over-year [1] Strategic Developments - The company has initiated several strategic initiatives aimed at enhancing operational efficiency and market competitiveness [1] - Investments in technology and innovation have been prioritized to drive future growth [1] Market Outlook - The company anticipates continued growth in the upcoming quarters, supported by favorable market conditions and strong demand for its products/services [1] - Management has expressed confidence in achieving its annual targets despite potential market fluctuations [1]
23/2025・Trifork Group: Reporting of transactions made by persons discharging managerial responsibilities
GlobeNewswire· 2025-04-25 05:47
Core Viewpoint - Trifork Group AG has reported transactions involving shares paid as part of fixed salaries for its managerial personnel, specifically the CEO and CFO, in accordance with the Market Abuse Regulation Article 19 [1][2][3]. Group 1: Managerial Transactions - Jørn Larsen, the CEO, received a share equivalent to 25% of his fixed monthly salary, amounting to 1,245 shares at a price of DKK 0 on April 25, 2025 [2]. - Kristian Wulf-Andersen, the CFO, received a share equivalent to 10% of his fixed monthly salary, amounting to 332 shares at a price of DKK 0 on April 25, 2025 [3]. Group 2: Company Overview - Trifork is a global technology partner with 1,229 professionals across 73 business units in 16 countries, focusing on advanced software solutions for various sectors including public administration, healthcare, and financial services [4]. - The company operates Trifork Labs, its R&D hub, which invests in and develops high-potential technology companies [4]. - Trifork Group AG is publicly listed on Nasdaq Copenhagen [4].
BW Energy: Invitation to Q1 2025 results presentation in Oslo on 5 May
GlobeNewswire· 2025-04-25 05:30
Group 1 - BW Energy will release its Q1 2025 results on May 5 at 07:30 CEST, followed by a presentation at 09:30 CEST in Oslo, Norway [1] - The presentation will cover optimization and development projects in Brazil and will be hosted by key executives including the CEO and CFO [1] - BW Energy is a growth E&P company focusing on proven offshore oil and gas reservoirs with a strategy of low-risk phased developments [2] Group 2 - The company has significant interests in various fields, including 73.5% in the Dussafu Marine licence offshore Gabon and 95% in the Maromba field in Brazil [2] - Total net 2P+2C reserves and resources were reported at 599 million barrels of oil equivalent at the start of 2025 [2]
Signify delivers update on CEO succession process; CFO Željko Kosanović appointed interim CEO
GlobeNewswire· 2025-04-25 05:05
Core Points - Signify has announced the appointment of Željko Kosanović as interim CEO following the resignation of CEO Eric Rondolat after the Annual General Meeting of Shareholders [1][2] - The Supervisory Board is currently reviewing both internal and external candidates for the permanent CEO position, with an expectation to conclude the process next month [1] - Gerard van de Aast, Chair of the Supervisory Board, expressed confidence in Kosanović's ability to lead the company during this transition period, highlighting his extensive experience and knowledge of the business [3] Company Overview - Signify is recognized as the world leader in lighting, serving professionals, consumers, and the Internet of Things, with sales of EUR 6.1 billion in 2024 and a workforce of approximately 29,000 employees [4] - The company operates in over 70 countries and is featured in the Dow Jones Sustainability World Index, holding an EcoVadis Platinum rating, which places it in the top one percent of assessed companies [4] - Signify's global brands include Philips, Philips Hue, WiZ, Interact, ColorKinetics, Dynalite, Telensa, Signify myCreation, Signify BrightSites, NatureConnect, and Trulifi [5]
Dongying Cultural Tourism Promotion Conference in Hong Kong Concludes with Resounding Success
GlobeNewswire· 2025-04-25 05:04
Core Insights - The 2025 Dongying Cultural Tourism Promotion Conference was held in Hong Kong, focusing on enhancing cultural and tourism collaboration between Dongying and Hong Kong SAR [1][4] - A Strategic Cooperation Agreement was signed between the Dongying Municipal Bureau of Culture and Tourism and the Hong Kong Association of China Travel Organizers Ltd., marking a significant milestone in cross-regional cooperation [2] - The event showcased Dongying's unique cultural and ecological tourism offerings, including local delicacies and immersive experiences, attracting significant interest from Hong Kong residents [3][4] Group 1: Event Overview - The conference attracted nearly 100 guests, including travel operators, academic institutions, media, and local residents, emphasizing the importance of cultural exchange [1] - The event featured a captivating virtual journey highlighting Dongying's ecological and cultural attractions, such as the convergence of the Yellow River and the sea, and local culinary specialties [3] - The event was livestreamed, drawing over 200,000 online viewers, indicating strong interest in Dongying's tourism brand [3] Group 2: Strategic Developments - The signing of the Strategic Cooperation Agreement signifies a new phase in the development of the cultural and tourism industry between Dongying and Hong Kong [2] - Dongying aims to promote its "Ecology + Culture + Educational Travel" offerings on an international stage, enhancing its appeal to global travelers [4] - The event marks a significant step in Dongying's efforts to penetrate the Hong Kong and Macao markets, fostering deeper bilateral cooperation [4]
Avance Gas Holding Ltd: First Quarter 2025 Earnings Release
GlobeNewswire· 2025-04-25 05:01
Financial Performance - The company reported a net profit of $42.6 million and earnings per share of $0.56 for Q1 2025, a significant decrease from the net income of $210.2 million and earnings per share of $2.74 in Q4 2024 [4] - The company completed the sale of four Mid-Sized Gas Carriers (MGCs) newbuilding contracts to Exmar LPG B.V., receiving a total of $96.3 million, including $62.1 million in March and $34.2 million in April 2025 [4] - During Q1 2025, the company distributed $435.7 million to shareholders, which included $153.2 million as return of capital, $57.4 million in extraordinary dividends, and $225 million in BW LPG shares [4] Shareholder Returns - The company declared a final extraordinary distribution of $0.74 per share on April 16, 2025, with $0.16 per share as return of capital and $0.58 per share as extraordinary dividend, scheduled for payment on May 7, 2025 [4] - The total cash proceeds from Exmar related to the MGC newbuilding sale amounted to $96.3 million, reflecting the company's strategy of returning capital to shareholders [4] Strategic Decisions - Following the completion of asset sales, the company has decided to wind up operations and called for a Special General Meeting on May 16, 2025, to resolve delisting and proceed with voluntary liquidation [4] - The company does not plan to make new investments and has sold all its assets, indicating a shift towards capital return rather than growth [4]
Signify reports first quarter sales of EUR 1.4 billion, operational profitability of 8.0% and a free cash flow of EUR 40 million
GlobeNewswire· 2025-04-25 05:00
Core Insights - Signify reported first quarter 2025 sales of EUR 1.4 billion, with an operational profitability of 8.0% and free cash flow of EUR 40 million [1][9]. Financial Performance - Sales for Q1 2025 were EUR 1,448 million, reflecting a nominal sales decline of 1.3% and a comparable sales growth (CSG) of -2.8% [9]. - The adjusted EBITA margin was 8.0%, slightly down from 8.3% in Q1 2024 [9]. - Net income increased to EUR 67 million compared to EUR 44 million in Q1 2024 [9]. - Free cash flow decreased to EUR 40 million from EUR 80 million in Q1 2024 [9]. Business Segments - The Consumer business experienced growth across all regions, enhancing both top and bottom-line performance [3]. - The Professional business maintained a resilient profit margin, with improvements in other markets offsetting challenges in Europe [3]. - In China, there was a faster-than-expected return to growth in both professional and consumer segments [3]. Strategic Focus - The company is focused on mitigating the short-term impact of tariffs in Q2 while implementing structural measures for the second half of the year [4][12]. - Signify confirmed its guidance for the year based on market visibility and ongoing measures [4][12]. Sustainability Initiatives - Signify's connected and specialty lighting offerings now account for over one-third of its business, continuing to gain market share despite market volatility [5]. - The company is on track to reduce emissions across its value chain by 40% by 2025, exceeding the pace required by the Paris Agreement [6]. - Circular revenues increased to 36%, surpassing the 2025 target of 32%, driven by serviceable luminaires in the professional business [7]. - Brighter lives revenues remained at 33%, also ahead of the 2025 target of 32%, supported by consumer and professional products [8]. Recognition and Outlook - Signify was recognized in the Global 100 Most Sustainable Corporations, ranking 15th overall [9][11]. - The company expects sales momentum to build throughout the year, targeting low single-digit comparable sales growth excluding Conventional [13]. - A stable adjusted EBITA margin is anticipated, with the Professional, Consumer, and OEM segments compensating for the Conventional business drag [13].