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Kraton and International Paper Execute Strategic Continuity of Services Agreement
Prnewswire· 2025-08-21 16:16
HOUSTON, Aug. 21, 2025 /PRNewswire/ -- Kraton Corporation, a leading global producer of specialty polymers and high-value biobased products derived from pine chemicals, today announced the execution of agreements with International Paper, a global leader in sustainable packaging solutions, to maintain uninterrupted site services at Kraton's Savannah, Georgia facility. These agreements underscore the companies' shared commitment to ensuring supply reliability, operational continuity, and support for the long ...
Stantec reports second quarter 2025 results, delivering over 20% growth in adjusted earnings per share and increases its 2025 outlook
Globenewswire· 2025-08-13 21:00
Core Insights - Stantec reported strong financial results for Q2 2025, with net revenue reaching $1.6 billion, a 6.9% increase year-over-year, driven by 4.8% organic growth across all regions and business units [3][8][14] - The company has revised its 2025 guidance upward, expecting net revenue growth of 10% to 12%, adjusted EBITDA margin of 17% to 17.4%, and adjusted EPS growth of 18.5% to 21.5% [5][6][12] - Stantec's contract backlog increased to $7.9 billion, reflecting a 9.9% year-over-year growth, with notable organic growth contributions from all regional units [8][21] Financial Performance - Net revenue for Q2 2025 was $1.6 billion, up $103.4 million from Q2 2024, with organic growth of 4.8% [3][14] - Adjusted EBITDA rose 15.0% to $284.4 million, with an adjusted EBITDA margin of 17.8%, a 120 basis point increase from the previous year [3][14] - Diluted EPS increased by 63.0% to $1.19, while adjusted EPS grew 21.4% to $1.36 [3][14] Regional Performance - Canada achieved organic growth of 6.2%, the United States 4.4%, and Global operations 4.3% [3][20] - The Water segment saw significant organic growth of 12.4%, while Energy & Resources delivered 9.5% organic growth [3][14] Acquisitions and Strategic Moves - Stantec completed several acquisitions, including Ryan Hanley, Cosgroves, and Page, enhancing its capabilities in various sectors [4][8][14] - The acquisition of Page, a 1,400-person firm, is expected to strategically complement Stantec's Buildings business [8][14] Outlook and Guidance - The company has increased its guidance for 2025, reflecting strong year-to-date performance and the impact of recent acquisitions [5][6][12] - Adjusted net income is expected to exceed 8.8% of net revenue, with adjusted ROIC projected to be above 12.5% [12][14] Backlog and Cash Flow - Contract backlog reached $7.9 billion, indicating approximately 12 months of work, with 9% organic growth contributing to this increase [8][21] - Operating cash flows increased by 79.4% to $134.0 million, demonstrating solid operational performance and effective collection efforts [14][17]
Societe Generale: Information regarding executed transactions within the framework of a share buyback program
Globenewswire· 2025-08-11 15:47
INFORMATION REGARDING EXECUTED TRANSACTIONS WITHIN THE FRAMEWORK OF A SHARE BUY-BACK PROGRAM Regulated Information Paris, 11 August 2025 (In accordance with article 5 of Regulation (EU) No 596/2014 on Market Abuse Regulation and article 3(3) of Delegated Regulation (EU) 2016/1052 supplementing Regulation (EU) No 596/2014 through regulatory technical standards concerning the conditions applicable to buy-back programs and stabilization measures) As announced on Thursday 31 July 2025, Societe Generale started ...
Cerro de Pasco Resources Reports 2025 Fiscal Year-End Financial Results and Strategic Milestones
Globenewswire· 2025-07-30 11:55
Core Viewpoint - Cerro de Pasco Resources Inc. has significantly improved its financial position through strategic realignment and the sale of non-core assets, achieving a net income of $24.6 million for the fiscal year ended March 31, 2025, compared to a net loss in the previous period [1][4]. Financial Performance - Net income for FY 2025 was $24.6 million, a turnaround from a net loss of $29.3 million in FY 2024 [3][4]. - Earnings per share increased to $0.06 from a loss of $0.09 per share in the prior period [3][4]. - Cash balance rose to $11.5 million, with positive working capital of $6.3 million, compared to a deficit of $55.0 million in the previous year [3][4]. - Shareholders' equity improved to $6.7 million, reversing a deficit of $40.8 million [3][4]. - Total assets decreased to $16.3 million from $37.4 million, while total liabilities dropped significantly to $9.6 million from $78.2 million [3][4]. Strategic Developments - The sale of the Santander mine in August 2024 eliminated over $70 million in liabilities and allowed the company to focus on the Quiulacocha Tailings Project [5]. - The company raised over $17 million through private placements, enhancing liquidity and shareholder alignment [5]. - An easement agreement was signed with Activos Minerales S.A.C. in May 2024, enabling a 40-hole drilling program at Quiulacocha [5]. Future Outlook - The company is advancing technical, environmental, and permitting activities at Quiulacocha, aiming to deliver its Preliminary Feasibility Study (PFS) and achieve near-term development milestones [6]. Company Overview - Cerro de Pasco Resources focuses on developing its 100% owned El Metalurgista mining concession, which consists of silver-rich mineral tailings and stockpiles from over a century of mining operations [7]. - The strategy includes reprocessing and environmental remediation of historic mining waste, aiming to unlock value while supporting sustainable development [7].
Roche’s Board of Directors proposes exchange of Genussscheine for participation certificates (Partizipationsscheine)
Globenewswire· 2025-07-22 16:45
Core Viewpoint - Roche is proposing a modernization of its capital structure, which includes the exchange of existing non-voting equity securities for participation certificates, subject to shareholder approval at the 2026 Annual General Meeting [1][3][9]. Group 1: Capital Structure Changes - The Board of Directors will propose to shareholders the exchange of non-voting equity securities ("Genussscheine") for participation certificates with a nominal value of CHF 0.001 each [1][3]. - To ensure equal treatment, the nominal value of bearer shares will be reduced from CHF 1.00 to CHF 0.001, with a cash repayment of CHF 0.999 per bearer share, totaling CHF 106,584,309 [2][9]. - The participation certificates will be listed on the SIX Swiss Exchange and will have the same dividend entitlement and liquidation proceeds as bearer shares [3][9]. Group 2: Discontinuation of Printed Materials - Roche will cease issuing printed dividend vouchers after the payment of the dividend for the financial year 2025 and the completion of the capital structure changes [4][6]. - Home custodians are encouraged to submit printed certificates and dividend vouchers to a depository bank for conversion into intermediated securities to ensure smooth future dividend payments [5][6]. Group 3: Future Practices - The transition to intermediated securities aligns with modern market practices, and Roche will no longer issue printed certificates for any equity securities in the future [6][9].
Gulf Air to Add up to 18 Boeing 787 Dreamliners to its Widebody Fleet
Prnewswire· 2025-07-17 21:03
Core Viewpoint - Gulf Air has signed an agreement with Boeing for the purchase of 12 787 Dreamliner jets, with options for six additional jets, as part of its strategy to expand its international network and modernize its fleet [1][4]. Group 1: Agreement Details - The agreement will increase Gulf Air's firm order book to 14 787 Dreamliners, supporting approximately 30,000 jobs across the U.S. [1] - Gulf Air aims to grow its all-787 widebody fleet, potentially adding up to 18 Dreamliners [2]. Group 2: Strategic Importance - The chairman of Gulf Air Group, Khalid Taqi, emphasized that this agreement is a transformative step in the airline's growth journey, enhancing its global footprint and sustainability goals [4]. - The 787 Dreamliner is recognized for its fuel efficiency, range, and passenger experience, serving as the backbone of Gulf Air's long-haul operations to over 50 destinations [4]. Group 3: Partnership and Technology - Boeing's president and CEO, Stephanie Pope, highlighted the long-standing partnership with Gulf Air and the significance of the 787 Dreamliner in connecting more passengers and destinations [5]. - Since its introduction in 2011, the 787 Dreamliner family has opened over 425 new nonstop routes and carried more than 1 billion passengers globally [5].
AgEagle Aerial Systems Advances Global Expansion as Drone and Sensor Technologies Propel Growth in Brazil's Sugarcane Industry
GlobeNewswire News Room· 2025-07-16 12:00
Core Insights - AgEagle Aerial Systems Inc. has partnered with Atvos Agroindustrial S.A. to deploy five advanced eBee X drones integrated with MicaSense™ S.O.D.A. 3D mapping cameras, enhancing agricultural efficiency and sustainability in Brazil's biofuel sector [1][2] Company Overview - AgEagle is a leading provider of advanced drone and aerial imaging solutions, focusing on full stack UAS, sensors, and software solutions for various industries including agriculture, energy, and government [5] Partnership Details - Atvos is utilizing AgEagle's drone technologies across its 1.2 million acres of sugarcane to improve productivity, environmental stewardship, and reduce operational costs [2][4] - The partnership aims to enhance agricultural practices through precision mapping and data-driven decision-making [2] Technological Impact - Drone flights conducted 60 to 90 days post-planting yield precision maps with a spatial resolution of 3 cm, improving machinery travel accuracy to within 15 cm and potentially increasing sugarcane yields by an estimated 5% [3] - High-resolution drone imagery is used for crop failure analysis, identifying gaps in planting greater than 50 cm, which enhances mechanized operations [7] Environmental and Economic Benefits - The deployment of AgEagle's systems aligns with Atvos' R$11 billion (USD $1.89 billion) investment in diversifying its biofuel portfolio, reflecting a commitment to innovation and sustainable growth [4] - Targeted weed control through pre-harvest drone mapping allows for precise herbicide application, significantly reducing chemical usage and costs while minimizing environmental impact [7]
AW超市北京首秀,健康有机与沉浸式体验掀起消费新风尚
Sou Hu Cai Jing· 2025-07-13 20:13
Core Insights - AW supermarket, a global new retail brand, made a significant impact during its grand opening in Beijing, attracting large crowds even before official operating hours [1] - The supermarket spans 5,000 square meters and offers nearly 6,000 product varieties, with over 50% being fresh produce and 25% being organic products, aligning with consumer demand for healthy living [3] - AW supermarket aims to promote healthy organic living, ensuring all organic vegetables, fruits, and seafood are rigorously tested and digitally traceable, leading to high demand for organic products on opening day [4] Product Offering and Consumer Engagement - The supermarket features diverse consumer experiences, including a tasting event for bluefin tuna, which drew significant attention, and reasonably priced oysters imported from France [5] - A unique wine tasting area offers 10 selected wines from premium global regions daily from July 8 to September 1, catering to consumer interest in wine tasting and showcasing market differentiation [7] Technological and Environmental Initiatives - AW supermarket employs robots for customer service, enhancing the shopping experience and attracting families with children through interactive technology [9] - The supermarket has eliminated traditional plastic bags in favor of paper and biodegradable options, demonstrating a commitment to sustainability and reducing environmental impact [9] Market Positioning and Industry Impact - The supermarket's success is attributed to its combination of health-focused offerings, experiential shopping, and environmental practices, setting a new benchmark in the competitive retail market [9]
The subsidiary of Hepsor AS, Hepsor Phoenix 4 OÜ, has signed a construction contract for the development of apartment buildings at Manufaktuuri 12
Globenewswire· 2025-07-10 05:00
Core Insights - Hepsor Phoenix 4 OÜ has signed a construction contract for the M12 development project in Tallinn, valued at 7.0 million euros, with completion expected in the second half of 2026 [1][3] - The M12 project will feature two apartment buildings with a total of 49 apartments and a saleable area of 3,090 m² [1] - The development emphasizes energy efficiency and sustainability, incorporating smart home systems, electric vehicle charging, solar panels, and storage for bicycles and strollers [2] Company Developments - The M12 project is the fourth collaboration between Hepsor and the Tolaram Group in the Manufaktuuri quarter, following the completion of 421 homes in previous projects, with 96% sold [4] - Construction for the first phase of the Manufaktuuri Factory project, which will add 152 new homes, is planned to start in the third quarter of 2025 [4] - Hepsor AS has developed 2,076 homes and nearly 36,300 m² of commercial space over 14 years, and is recognized for implementing innovative engineering solutions for energy efficiency [4]
Helping Protect the Oceans | Tony Chang | TEDxHuawen Global Institute Youth
TEDx Talks· 2025-07-02 15:41
Increase public attention to the issue of marine debris and encourage actions to protect marine ecosystems and promote sustainable development. Helping Protect the Oceans - Reduce Marine Pollution This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at https://www.ted.com/tedx ...