Core Insights - The Finnvera Group reported a significant decline in profit to EUR 16 million in 2025, primarily due to the return of a fund payment commitment of EUR 349 million to the State Guarantee Fund, despite a strong operating result of EUR 365 million [4][10][20]. Financial Performance - The operating result for the period was strong at EUR 365 million, but the total profit was reduced to EUR 16 million after the return of the fund payment commitment [4][10]. - The Group's net interest income decreased by 13% to EUR 121 million, and net fee and commission income fell by 16% to EUR 167 million compared to the previous year [22][28]. - Realised credit losses were significantly lower at EUR 36 million, down 70% from the previous period, contributing positively to the operating result [23][28]. Financing Activities - Finnvera granted domestic loans and guarantees amounting to EUR 1.0 billion, a 10% increase from EUR 0.9 billion in 2024 [5][15]. - Export credit guarantees and special guarantees surged to EUR 7.0 billion, a 143% increase from EUR 2.9 billion in 2024, reflecting strong financing volumes for the cruise shipping sector [8][15]. - The volume of export credits granted reached EUR 5.6 billion, an increase of 837% from EUR 0.6 billion in the previous year, although EUR 3.1 billion of this financing fell through [9][15]. Balance Sheet and Reserves - The total balance sheet increased by 5% to EUR 15.5 billion, while contingent liabilities rose by 12% to EUR 16.8 billion [2][4]. - Non-restricted equity and assets of the State Guarantee Fund increased by 17% to EUR 2.5 billion, indicating a strengthening of reserves for potential losses [2][4]. - Expected credit losses on the balance sheet items decreased by 14% to EUR 1.0 billion [2][4]. Strategic Developments - Finnvera updated its organizational structure to better serve Finnish companies' growth and internationalization needs [11]. - The company became a shareholder in the European Investment Fund (EIF) to enhance its integration into EU financing facilities, particularly for SMEs [12]. - A legislative overhaul was completed to improve Finnvera's operational flexibility and transparency, set to take effect in 2026 [13]. Outlook - The business outlook for 2026 anticipates moderate growth in the Finnish economy, with expectations for increased demand for domestic financing and export credit guarantees [34][35]. - Finnvera aims to support growth in emerging markets and enhance financing for innovative and scalable start-ups [37][40].

With the Straits Times Index (SGX: ^STI) at record highs, emotions are also running high – they vary from anxiety that stocks are going to crash, to the fear of missing out (FOMO) should stocks keep appreciating. However, price itself is not the be-all and end-all of things. Today, we examine how to approach stocks at all-time highs using a pragmatic, emotion-free approach.Why Stocks Hit Multi-Year HighsThere are many reasons why a stock could be at multi-year highs. Common reasons include sustained earning ...

Core Insights - Crédit Agricole Group reported strong financial results for 2025, with revenues of €39,558 million, up 3.9% year-on-year, and net income of €8,754 million, an increase of 1.3% compared to 2024 [1][34][33] - The company plans to increase its dividend to €1.13 per share, reflecting a 3% increase from 2024 [2] - The ACT 2028 Strategic Plan is on track, with a focus on growth across all business lines and a strong emphasis on digitalization and international expansion [3][7] Financial Performance - Revenues for Crédit Agricole S.A. reached €28,079 million, a 3.3% increase from 2024, while operating expenses rose by 4.9% to €15,628 million [1][54] - The cost/income ratio for Crédit Agricole S.A. was 55.7%, up 0.9 percentage points from the previous year, indicating a slight increase in operational efficiency [1][54] - The cost of risk increased by 6.6% to €1,973 million, reflecting a cautious approach to credit risk management [1][35] Customer Growth and Market Position - The Group gained 2.1 million new customers in 2025, with significant growth in retail banking, particularly in France [6][10] - On-balance sheet deposits totaled €847 billion, up 1.2% year-on-year, while outstanding loans reached €895 billion, a 1.7% increase [10][41] - The property and casualty insurance equipment rate rose to 44.7%, indicating a growing customer base in insurance products [10][41] Business Line Performance - The Asset Management division saw net inflows of €21 billion in the fourth quarter, driven by strong performance in both passive and active management [12][64] - Insurance revenues reached €13.1 billion in the fourth quarter, up 20.4% year-on-year, contributing to a record annual revenue of €52.4 billion [59] - Corporate and Investment Banking reported record revenues for both the quarter and the full year, benefiting from strong capital markets activity [14][5] Strategic Initiatives and Future Outlook - Crédit Agricole is set to launch several strategic initiatives in 2026, including a digital savings platform in Germany and enhanced offerings for young customers [16][20] - The Group aims to capture 8 million new customers by 2028, positioning itself as a leading bank for young people and expanding its market share in Europe [19][21] - Continued investment in energy transition financing is a priority, with low-carbon financing exposure increasing significantly [24][25]

Tornator Grew to a New Level: Group Revenue EUR 232 Million and Balance Sheet EUR 4 Billion – Forest Assets Exceeded 800,000 Hectares Financial Statements release - 3 February 2026 at 3 pm SUMMARY FOR THE PERIOD 1 January – 31 December 2025 ·Turnover increased to EUR 232.2 million (+9.0%). Strong demand raised timber sales prices early in the year, and well-planned timber sales batches met customer needs throughout the year. ·Adjusted operating profit rose again to a new record of EUR 168.4 million (154.1 ...

Core Insights - Evergreen Marine has upgraded its fleet to Inmarsat's NexusWave bonded connectivity solution, enhancing crew experience and accelerating digitalisation [1][2][3] Group 1: Company Developments - Evergreen Marine is the first Taiwanese operator to implement the NexusWave solution, reinforcing its long-standing partnership with Inmarsat Maritime [1] - The upgrade to NexusWave introduces bonded, multi-network connectivity, providing fast speed, unlimited data, and always-on performance for crew and operations [2] - The solution is designed to enhance crew welfare, strengthen cybersecurity, and support operational excellence [3] Group 2: Technological Advancements - NexusWave leverages the ViaSat-3 ultra-high-capacity network, enabling scalable platforms for predictive analytics and real-time monitoring across the fleet [2] - The solution is secure-by-design and engineered to scale with demand, aligning with Evergreen's growth plans [2][3] - The transition to NexusWave is part of Evergreen's 'Evergreen IT' modernisation programme, aimed at continuous innovation for customers [1][3]

Germany’s digital minister has taken on the Herculean task of weaning the country off the fax machine. Greece offers three broad lessons in digitalisation https://t.co/FNH8l6XsOq ...

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Core Insights - The company faced difficult market conditions in Q3 2025, impacting overall performance, with trade policy uncertainty and geopolitical tensions affecting key markets differently [2][3] - Despite challenges, the company remains financially robust and continues to invest in capacity expansion, decarbonisation, and digitalisation [3] Financial Performance - Revenue for the first nine months of 2025 reached 2,910 MEUR, a 1% increase compared to the previous year, with 2024 acquisitions contributing a 2 percentage point positive impact [4] - Q3 2025 revenue was 963 MEUR, reflecting a 2% increase in local currencies and a 1% increase in reported figures, again aided by 2024 acquisitions [4] - EBITDA for the first nine months was 665 MEUR, with a margin of 22.9%, down 1.7 percentage points year-over-year [4] - Q3 2025 EBITDA was 215 MEUR, with a margin of 22.3%, down 2.9 percentage points compared to Q3 2024 [4] - EBIT decreased by 11% to 457 MEUR in the first nine months, with a margin of 15.7%, down 2.1 percentage points year-over-year [4] - Q3 2025 EBIT decreased by 14% to 150 MEUR, with a margin of 15.5%, down 2.6 percentage points compared to Q3 2024 [4] Investments and Cash Flow - Total investments in the first nine months of 2025 amounted to 307 MEUR, focusing on new factories in North America and India, production expansion in Romania, and electrification of existing production lines [4] - Cash flow from operations before financial items and tax was 579 MEUR in the first nine months, down from 684 MEUR the previous year [4] Shareholder Information - The company initiated a share buy-back program, purchasing 3,259,800 B shares for a total of 119 MEUR during the first nine months of 2025 [4] - Shareholders can request conversion of A shares to B shares from 26 November 2025 until 10 December 2025 [4] Outlook - Revenue is expected to remain at last year's level in local currencies, with EBIT margin projected between 14-15% [4]