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]

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]

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]

FORNEBU, Norway, May 9, 2025 /PRNewswire/ -- In 2021, Kristian Røkke, Chairman of Aker Horizons ASA (the "Company"), participated in a share-based investment program in which the Company sold shares in its subsidiary Aker Horizons Holding AS for NOK 25 million. NOK 10 million were paid in cash by Kristian, and NOK 15 million were financed through a loan from the Company. The share program was settled in 2024 with a total loss for Kristian of NOK 23.8 million.As part of the settlement, the shares were transf ...

Core Insights - Bavarian Nordic A/S reported a strong performance in Q1 2025, with revenue increasing by 62% year-over-year to DKK 1,347 million, driven by growth in both Travel Health and Public Preparedness segments [2][7] - The company achieved an EBITDA margin of 31%, significantly up from 3% in the same quarter of 2024, and maintains its full-year revenue guidance of DKK 5,700-6,700 million with an EBITDA margin of 26-30% [2][7] Travel Health - Travel Health revenue rose by 52% to DKK 680 million, primarily due to increased demand for rabies and tick-borne encephalitis (TBE) vaccines [7] - The company is ahead of its strategic goal of achieving an average annual growth rate of 10-12% in this segment until 2027 [2] Public Preparedness - Public Preparedness revenue surged by 83% to DKK 629 million, exceeding expectations due to the advancement of larger existing orders into Q1 [7] - The FDA approved the freeze-dried version of the JYNNEOS vaccine for smallpox and mpox, supporting ongoing contracts with the US government for stockpiling [4] New Product Developments - The chikungunya vaccine, Vimkunya, was approved in the US and EU, with commercial launch in the US occurring in March 2025 and plans for European markets in the first half of 2025 [8][13] - A strategic partnership was established with Biological E. Limited to enhance vaccine access in low- and middle-income countries [8] Financial Activities - In January 2025, Bavarian Nordic completed a share buy-back program worth DKK 150 million to adjust its capital structure [5]

Core Viewpoint - NKT A/S reported an 11% organic revenue growth in Q1 2025, with operational EBITDA reaching EUR 81 million, reflecting the company's ongoing commitment to high-voltage projects and strategic investments in production capacity [1][3]. Financial Performance - Revenue for Q1 2025 was EUR 630 million, an increase of EUR 96 million from Q1 2024, corresponding to an 11% organic growth [2][3]. - Operational EBITDA increased to EUR 81 million from EUR 75 million in Q1 2024, with an operational EBITDA margin of 12.9%, down from 14.1% in the previous year [2][4]. - The financial outlook for 2025 remains unchanged, with expected revenues between EUR 2.37 billion and EUR 2.52 billion and operational EBITDA projected at approximately EUR 330 million to EUR 380 million [2]. Business Segments - In the Solutions segment, revenue increased to EUR 388 million from EUR 321 million, with operational EBITDA of EUR 57 million [9]. - The Applications segment saw revenue rise to EUR 203 million from EUR 153 million, with operational EBITDA of EUR 18 million [9]. - The Service & Accessories segment reported revenue of EUR 70 million, slightly down from EUR 74 million, but operational EBITDA increased to EUR 13 million [9]. Order Backlog and Investments - At the end of Q1 2025, the high-voltage order backlog stood at EUR 10.7 billion, slightly up from EUR 10.6 billion at the end of Q4 2024 [5]. - The company is progressing with its high-voltage investment program, with significant developments at the Karlskrona site in Sweden, expected to enhance production capacity by 2027 [8]. Cash Flow and Debt - Free cash flow for Q1 2025 was negative at EUR -308 million, primarily due to ongoing investments and changes in working capital [7]. - NKT maintained a robust balance sheet with net interest-bearing debt of EUR -953 million at the end of Q1 2025 [7].

Core Insights - Brunel International N.V. reported a challenging first quarter in 2025 due to geopolitical uncertainty and a weakening economic environment, leading to project delays and a decrease in permanent recruitment fees [3][6] - The company experienced a EUR 3 million year-on-year decrease in permanent fees, marking the first decline in two years, as clients postponed direct hires across core markets [3][8] - Despite current challenges, there are promising opportunities due to a talent shortage and planned investments, particularly in the Americas and the Middle East & India [4][6] Financial Performance - Total revenue for Q1 2025 was EUR 310.5 million, down 11% year-on-year (down 10% organically) [8] - Gross profit decreased to EUR 56.5 million, down 18% (down 17% organically) [8] - Underlying EBIT fell to EUR 8.4 million, down 44% (down 35% organically) [8] Cost Management - The cost reduction program successfully lowered operating costs by EUR 6 million to EUR 48.1 million, a decrease of 11% [8] - The company is focusing on improving efficiencies and executing its IT and AI strategy to enhance conversion rates and reduce routine task time [5][6] Market Outlook - The macroeconomic uncertainty is expected to persist in the near term, but growth prospects remain positive, especially outside Europe [6] - New projects are anticipated to start in the second quarter, particularly in the Americas and the Middle East & India, with progress in the Defence and Energy sectors in the DACH region [4][6]

Company Overview - Honkarakenne Plc is a pioneer in log construction, focusing on developing wood construction with nearly EUR 10 million invested in production and technology over the past five years [1][4] - The company has delivered over 90,000 buildings in more than 50 countries, making it the world's best-selling log house brand and the largest Finnish export company in the industry [2][8] - Founded in 1958 and listed on Nasdaq Helsinki since 1987, Honkarakenne is recognized for its strong brand and ecological building solutions [6][9] Financial Performance - In 2024, the company's net sales reached EUR 36.7 million, with exports accounting for 29% of total sales [3][8] - The equity ratio at the end of 2024 was 59.7%, and net financial liabilities were EUR -0.5 million, indicating a stable financial position [7] Market Strategy - Honkarakenne is focusing on expanding its presence in international markets, particularly in Scandinavia, Central Europe, and Asia, with growth potential in new regions [3][4] - The company is emphasizing the B2B segment, targeting public construction projects and tourist destinations where the ecological benefits of wood construction are crucial [5] Product Development - Significant investments have been made in production technology, including a new lamella planer and a product line of non-settling CLT logs, to support a wider product portfolio [4] - Innovations in the 21st century include various new concepts and collections aimed at enhancing the quality and versatility of log construction [9]

Core Insights - AKVA group reported a strong Q1 2025 with revenue of MNOK 1,013, a 29% increase from Q1 2024 [1][2] - EBITDA rose from MNOK 67 in Q1 2024 to MNOK 113 in Q1 2025, indicating improved profitability [1][3] - The total order intake for Q1 2025 was BNOK 1.2, up from MNOK 917 in Q1 2024, with a backlog of BNOK 2.8 at the end of March 2025 [1][2] Financial Performance - The Sea Based segment generated revenue of MNOK 804 in Q1 2025, up from MNOK 646 in Q1 2024, with EBITDA and EBIT margins improving to 11.9% and 7.0% respectively [3] - The Land Based segment saw revenue increase to MNOK 176 from MNOK 101, with EBITDA turning positive at MNOK 10 [4] - Digital segment revenue decreased slightly to MNOK 32 from MNOK 37, but EBITDA improved to MNOK 7 [5] Order Intake and Backlog - Order intake for Q1 2025 was MNOK 1,200, supported by a significant contract from Cermaq Chile [2][3] - The order backlog at the end of Q1 2025 was MNOK 2,799, with 55% related to Land Based Technology [9] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 8.9% from 11.3% [6] - Cash and unused credit facilities amounted to MNOK 500, up from MNOK 283 [6] Dividend and Shareholder Returns - The company declared a dividend of NOK 1 per share for the first half of 2025, with plans for reassessment for the second half [8] Outlook and Future Plans - AKVA group anticipates continued strong momentum in deep farming concepts and aims for a minimum revenue of BNOK 4.0 and EBIT of 6% in 2025 [10]

Serve Robotics Inc. (NASDAQ:SERV) Q1 2025 Results Earnings Conference Call May 8, 2025 5:00 PM ET Company Participants Aduke Thelwell - Head of Communications and Investor Relations Ali Kashani - Co-Founder and Chief Executive Officer Brian Read - Chief Financial Officer Conference Call Participants Operator Thank you for standing by and welcome to Serve Robotics First Quarter 2025 Earnings Conference Call. Please be advised that today's conference call is being recorded. I would now like to hand the confer ...