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Gilat Awarded Over $60 Million for Stellar Blu ESA Sidewinder Terminals
Globenewswire· 2025-08-20 11:06
Core Insights - Gilat Satellite Networks Ltd. has secured over $60 million in orders for its Stellar Blu ESA Sidewinder in-flight connectivity terminals from a leading satellite operator, with deliveries expected within the next 12 months [1][2] Group 1: Orders and Deliveries - The orders include hundreds of additional Sidewinder ESA terminals, supporting new airline fleet awards for retrofit and the first production run for Boeing's OEM linefit terminal [2] - Deliveries of the ordered terminals are anticipated to occur within the next year [1] Group 2: Product and Market Strategy - The Stellar Blu Sidewinder ESA is positioned to redefine airborne connectivity, catering to the performance and flexibility demands of modern aviation customers [3] - The current momentum is expected to open significant opportunities in high-value markets, including VVIP and special mission aircraft, by providing advanced connectivity solutions [3] Group 3: Company Overview - Gilat Satellite Networks is a global leader in satellite-based broadband communications, with over 35 years of experience in developing technology solutions for satellite and ground connectivity [4] - The company offers a comprehensive portfolio that includes cloud-based platforms, high-performance satellite terminals, and integrated ground systems for both commercial and defense markets [4][5] - Gilat's products support various applications, including government and defense, in-flight connectivity, broadband access, and critical infrastructure, while adhering to stringent service level requirements [5]
Lánasjóður sveitarfélaga - Árshlutauppgjör og kynningarfundur
Globenewswire· 2025-08-20 11:03
Group 1 - The board of the Municipal Loan Fund is expected to approve the interim financial statements for the first six months of 2025 at a board meeting on August 21, 2025, with the results to be published thereafter [1] - An open presentation for market participants will be held on August 22 at 12:00 PM at the fund's office, where the CEO Óttar Guðjónsson will present the fund's performance and financial status, followed by a Q&A session [1] - Participants can attend the meeting remotely via Teams and are requested to confirm their attendance by emailing ottar@lanasjodur.is, indicating whether they will attend in person or online [2]
Eton Pharmaceuticals to Participate at 2025 Wells Fargo Healthcare Conference
Globenewswire· 2025-08-20 10:50
Group 1 - Eton Pharmaceuticals, Inc is an innovative pharmaceutical company focused on developing and commercializing treatments for rare diseases [3] - The company currently has eight commercial rare disease products, including KHINDIVI™, INCRELEX, and Nitisinone [3] - Eton has five additional product candidates in late-stage development, such as ET-600 and ZENEO hydrocortisone autoinjector [3] Group 2 - Eton's executive leadership team will host 1x1 meetings at the 2025 Wells Fargo Healthcare Conference from September 3-5, 2025 in Boston, MA [1] - Interested parties can schedule a meeting by contacting their Wells Fargo institutional sales representative [2]
H World Group Limited Reports Second Quarter and Interim of 2025 Unaudited Financial Results
Globenewswire· 2025-08-20 10:15
Core Viewpoint - H World Group Limited reported strong financial results for the second quarter and first half of 2025, driven by network expansion and an asset-light strategy, despite a modest decline in revenue per available room (RevPAR) [5][22]. Financial Performance - Total revenue for the second quarter of 2025 was RMB6.4 billion (US$897 million), a 4.5% year-over-year increase, with revenue from the Legacy-Huazhu segment increasing by 5.7% to RMB5.1 billion [5][8]. - Net income attributable to H World Group Limited was RMB1.5 billion (US$215 million) in Q2 2025, reflecting a 44.7% year-over-year increase [22]. - EBITDA (non-GAAP) for Q2 2025 was RMB2.5 billion (US$344 million), compared to RMB1.9 billion in Q2 2024 [23][24]. Operational Highlights - As of June 30, 2025, H World operated 12,137 hotels with 1,184,915 rooms, including 12,016 hotels from Legacy-Huazhu and 121 from Legacy-DH [2][41]. - The company opened 595 hotels in Q2 2025, contributing to a total of 2,947 hotels in the pipeline [2][5]. - The average daily room rate (ADR) for Legacy-Huazhu was RMB290, down from RMB296 in Q2 2024, while the occupancy rate was 81.0% [6]. Segment Performance - Revenue from manachised and franchised hotels in Q2 2025 was RMB2.8 billion (US$400 million), representing a 22.8% year-over-year increase [12][13]. - Revenue from the Legacy-DH segment was RMB1.3 billion, showing a slight increase of 0.1% year-over-year [5][9]. - Adjusted EBITDA from the Legacy-Huazhu segment was RMB2.1 billion in Q2 2025, compared to RMB1.9 billion in Q2 2024 [24][25]. Cash Flow and Dividend - Operating cash inflow for Q2 2025 was RMB2.7 billion (US$371 million) [26]. - The board declared a cash dividend of approximately US$250 million, equating to US$0.081 per ordinary share [29]. Guidance - For Q3 2025, H World expects revenue growth in the range of 2%-6%, or 4%-8% excluding Legacy-DH, with manachised and franchised revenue growth projected at 20%-24% [30].
Alvotech appoints Patrik Ling as VP of Investor Relations Scandinavia
Globenewswire· 2025-08-20 10:05
Company Overview - Alvotech is a global biotech company focused on the development and manufacture of biosimilar medicines for patients worldwide [5] - The company aims to be a leader in the biosimilar space by delivering high-quality, cost-effective products and services through a fully integrated approach [5] - Alvotech has two approved biosimilars, Humira® (adalimumab) and Stelara® (ustekinumab), marketed in multiple global markets [5] - The current development pipeline includes nine disclosed biosimilar candidates targeting various conditions such as autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer [5] Recent Developments - Patrik Ling has joined Alvotech as VP Investor Relations Scandinavia, based in Stockholm [1] - Ling has over 25 years of experience in the life-science industry, previously serving as a Senior Equity Analyst at DNB Carnegie [2] - His expertise in both pharmaceuticals and finance is expected to enhance Alvotech's efforts to broaden its shareholder base in Scandinavia [3] Strategic Focus - Alvotech is expanding its portfolio of products and has established a new base of R&D operations in Sweden [4] - The company emphasizes the importance of biosimilars in meeting the growing demand for high-quality biologics and controlling healthcare costs [4] - Alvotech has formed strategic commercial partnerships to enhance its global reach and leverage local expertise across various markets, including the US, Europe, Japan, China, and parts of South America, Africa, and the Middle East [5]
H1, 2025 Reporting
Globenewswire· 2025-08-20 09:47
Core Insights - The H1 2025 report indicates stronger performance compared to H1 2024, with improvements in topline, margins, bottom-line, and inventories [2][6] - Glunz & Jensen Holding A/S is currently unable to assess the impact of trade tariffs on demand and profitability for the remainder of 2025 [2][3] Financial Performance - Revenue for H1 2025 reached DKK 74.5 million, up from DKK 64.9 million in H1 2024 [6] - Gross profit increased to DKK 19.6 million in H1 2025, with a gross profit margin of 26.3%, compared to DKK 15.0 million and 23.1% in H1 2024 [6] - EBITDA for the period was DKK 9.5 million, significantly higher than DKK 4.1 million in H1 2024 [6] - Profit before tax for H1 2025 was DKK 6.3 million, compared to DKK 1.0 million in H1 2024, resulting in an EPS of DKK 2.7 versus DKK 0.4 [6] Strategic Initiatives - The improved margins are attributed to the implementation of Plan-2026, which focuses on operational consolidation, purchasing strategies, new market exploration, updated go-to-market approaches, product launches, and organizational adjustments [6] - Plan-2026 is reported to be on track [6] Asset Management - Following a mandate from the annual general meeting, Glunz & Jensen has initiated a formal review process for the potential sale of Selandia Park A/S or its assets, with market assessments and identification of potential buyers underway [4]
NIO Inc. to Report Unaudited Second Quarter 2025 Financial Results on Tuesday, September 2, 2025
Globenewswire· 2025-08-20 09:30
Core Viewpoint - NIO Inc. will report its unaudited financial results for the second quarter ended June 30, 2025, on September 2, 2025, before the U.S. markets open [1]. Group 1: Financial Reporting - The earnings conference call will take place at 8:00 AM U.S. Eastern Time on September 2, 2025 [2]. - A live and archived webcast of the conference call will be available on the Company's investor relations website [2]. Group 2: Conference Call Participation - Participants wishing to join the conference call must register in advance and dial in 10 minutes prior to the call [3]. - Replay of the conference call will be accessible by phone until September 9, 2025, with specific numbers provided for different regions [3]. Group 3: Company Overview - NIO Inc. is a pioneer in the global smart electric vehicle market, founded in November 2014, with a mission of "Blue Sky Coming" [4]. - The company focuses on innovative technology and user experience, offering premium smart electric vehicles under the NIO brand, family-oriented vehicles through the ONVO brand, and high-end electric cars with the FIREFLY brand [4].
Correction: AB Akola Group twelve months: the second-best year in the Group‘s history
Globenewswire· 2025-08-20 09:27
Financial Performance - AB Akola Group's consolidated revenue for the 2024/2025 financial year exceeded EUR 1,580 million, representing a 4.9% increase year-over-year [1][3] - The Group's net profit increased by 151.4% to EUR 62.6 million, with EBITDA rising by 51.5% to EUR 111 million [2][3] - The fourth quarter of the 2024/2025 financial year saw consolidated revenue of EUR 414 million, an 8.6% increase from EUR 381 million in the previous year [3] Business Segments - The 'Food Production' segment generated EUR 449.1 million in revenue, with operating profit increasing by 95.6% to EUR 40 million [5] - The poultry business was a major contributor, with gross profit soaring by 103% to EUR 68.9 million, supported by favorable market conditions [6][8] - The 'Partners for Farmers' segment generated EUR 1,151.3 million in revenue, with operating profit improving to EUR 29.4 million [11] Agricultural Performance - The 'Farming' segment reported EUR 47.6 million in revenue, a 9.3% increase, with gross profit at EUR 12.9 million [15] - Agricultural companies harvested 3% more compared to the previous year, driven by strong winter crop yields [16] Market Trends - Consumer preference for sustainable protein sources is rising, while alternative protein prices remain elevated [7] - EU broiler production costs have remained stable or slightly lower, improving producer margins [8] - There is a growing appreciation for higher quality poultry meat raised without antibiotics in Lithuania and Latvia [8][9] Challenges and Opportunities - The poultry market faced challenges from outbreaks of Highly Pathogenic Avian Influenza (HPAI), particularly in Poland and Italy [7] - The 'Other Products and Services' segment generated EUR 20.8 million in revenue, with stable profitability despite rising input costs [17][18]
Sai Life Sciences secures SBTi validation for near-term climate targets
Globenewswire· 2025-08-20 09:21
Core Insights - Sai Life Sciences Limited has received validation from the Science Based Targets initiative (SBTi) for its near-term greenhouse gas (GHG) emissions reduction targets, emphasizing its commitment to sustainability in the pharmaceutical value chain [1][2]. Sustainability Commitments - The company aims to reduce absolute scope 1 and 2 GHG emissions by 58.8% by FY2035 from a FY2024 base year [2]. - Additionally, it plans to cut scope 3 GHG emissions by 63.8% per INR value added within the same timeframe, covering various categories such as purchased goods and services, capital goods, and employee commuting [2]. Recent Achievements - Sai Life Sciences has made significant investments in its sustainability agenda, achieving 96% reliance on renewable energy in FY25 at its Bidar facility, which resulted in a reduction of 16,038 metric tons of CO₂ emissions [7]. - Currently, 54% of the company's total energy consumption comes from renewable sources, with a target of reaching 70% by FY27 and 80% by 2030 [7]. Strategic Partnerships - The company is collaborating with DHL GoGreen to reduce logistics-related emissions by 90% [7]. - It has also become the first India-headquartered company to join the Pharmaceutical Supply Chain Initiative (PSCI) [7]. Organizational Overview - Sai Life Sciences is a leading integrated contract research, development, and manufacturing organization (CRDMO) that collaborates with over 300 global pharmaceutical and biotech companies [4].
Vow ASA: Covenant waiver obtained
Globenewswire· 2025-08-20 08:56
Company Overview - Vow ASA is a leader in the cruise market for wastewater purification and waste valorisation, providing technology and solutions that facilitate industries' transition to a fossil-free future by converting biomass and waste into valuable resources and clean energy [4] - The company operates through its subsidiaries Scanship, C.H. Evensen, and Etia, focusing on preventing pollution and generating clean energy for various industries [2] Technology and Solutions - Vow's advanced technologies enable industry decarbonisation and material recovery, converting biomass, sewage sludge, plastic waste, and end-of-life tyres into clean energy, low carbon fuels, and renewable carbon [3] - The solutions offered by the company are scalable, standardised, patented, and thoroughly documented, demonstrating a proven capability to deliver [3] Financial Update - On 15 July 2025, Vow ASA announced a restatement of EBITDA in the Q1 2025 report and an expected one-off EBITDA charge in the H1/Q2 2025 accounts, which led to a breach of financial covenants under its loan facilities with DNB [1] - Following discussions with DNB, the company has obtained a formal waiver for the reporting periods ending on 30 June 2025 [1]