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Bolloré : Stable revenue for Q1 2025
Globenewswire· 2025-04-29 15:40
Company Overview - Bolloré Group reported a revenue of 782 million euros for Q1 2025, reflecting a 0.2% increase at constant scope and exchange rates, and a 4.2% increase on a reported basis compared to Q1 2024 [2][4] - The revenue growth included an additional 29 million euros from scope changes, primarily due to the acquisition of Chantelat's business by Bolloré Energy [2] Revenue by Activity - Bolloré Energy generated 675 million euros in revenue, a slight decrease of 0.2% due to lower selling prices for petroleum products, which was offset by higher sales volumes [7][8] - The industrial activities segment reported revenue of 78 million euros, up 1.5%, driven by increased sales of 6-meter buses and growth in film revenue, despite a decline in specialized terminals [7][8] - Other sectors, including Agricultural Assets and Holdings, saw a significant increase in revenue, reaching 29 million euros, which is a 40.2% rise [4] Recent Events - Bolloré SE filed three alternative buyout offers followed by mandatory squeeze-outs for shares of Compagnie du Cambodge, Financière Moncey, and Société Industrielle et Financière de l'Artois on September 13, 2024 [5] - The Autorité des marchés financiers (AMF) declared these offers non-compliant on April 17, 2025, with further grounds to be published later [6] - A Paris Court of Appeal ruling on April 22, 2025, determined that Bolloré SE controls Vivendi SE, which may affect future public buyout offers related to Vivendi [10] Share Repurchase Program - On March 17, 2025, Bolloré SE's Board of Directors decided to cancel 21,374,391 treasury shares purchased under the share buyback program [11] - Following this cancellation, Bolloré SE holds 16.1 million shares, acquired for 86.3 million euros, representing 0.6% of the share capital as of April 25, 2025 [12]
CW Petroleum Corp (OTCQB: CWPE) Reports Revenues for Year-End 2024, Q1-2025, No Effects from Tariffs
Globenewswire· 2025-04-28 11:00
Core Insights - CW Petroleum Corp reported audited financial results for Year-End 2024 and unaudited results for Q1-2025, highlighting its position as a leading provider of Specialty Renewable and Hydrocarbon Motor Fuels [1][2] Financial Performance - For Year-End 2024, revenues were $8.00 million, a decrease from $9.31 million in 2023, representing a decline of approximately 14% [5] - EBITDA for 2024 was $150,236, significantly lower than $754,440 in 2023, indicating a decrease of about 80% [5] - The net loss for 2024 was $(47,478), contrasting with a net income of $449,293 in 2023 [5] - In Q1-2025, revenues were $1.59 million, down from $1.94 million in Q1-2024 [5] - EBITDA for Q1-2025 was $40,970, an increase from $32,905 in Q1-2024 [5] - The net loss for Q1-2025 was $(4,183), an improvement from a net loss of $(23,713) in Q1-2024 [5] Company Overview - CW Petroleum Corp, incorporated in 2011 and based in Texas, specializes in supplying and distributing Biodiesel, Biodiesel Blends, Renewable Gasoline, and proprietary gasoline blends [3] - The company is licensed by the EPA and various states to distribute Diesel Fuel and Gasoline, operating in states including Texas, Louisiana, and California [3]
Pegasus Tech Ventures to host a Startup Pitch Competition during San Francisco Climate Week
Prnewswire· 2025-04-22 13:00
Group 1 - Pegasus Tech Ventures will host a Startup Pitch Contest during San Francisco Climate Week on April 23, 2025, focusing on emerging energy solutions [1] - The winning startup will receive an invitation to the Startup World Cup Grand Finale, competing for a $1,000,000 investment [1] - The regional Startup Pitch Contest is co-sponsored by Marathon Petroleum Corporation, the largest fuels manufacturer in the U.S. [3] Group 2 - Marathon Petroleum and Pegasus Tech Ventures are collaborating to identify and invest in emerging technology companies within the energy sector [4] - This partnership aims to enhance operational performance and embed sustainability throughout Marathon Petroleum's value chain [4] - Marathon Petroleum has invested in several emerging technology companies with the support of Pegasus Tech Ventures [4] Group 3 - Pegasus Tech Ventures operates with over $2 billion in assets under management and has invested in over 270 companies globally [6] - The firm offers a unique Venture Capital-as-a-Service (VCaaS) model for corporations seeking to partner with innovative technology startups [6] - Pegasus Tech Ventures has partnered with over 40 corporations, including Marathon, ASUS, and SEGA [6] Group 4 - The Startup World Cup is the leading startup pitch competition globally, hosting over 100 regional events across more than 60 countries [7] - The Grand Finale of the Startup World Cup will take place on October 17, 2025, in San Francisco [7] - Winning startups from regional events compete for a $1 million cash investment at the Grand Finale [7] Group 5 - The Startup Pitch Contest will focus on areas such as energy industry modernization, energy supply chain optimization, artificial intelligence, machine learning, and climate technologies [8]
Why This Beaten-Down Oil Stock Could Skyrocket 51% in 2025
MarketBeat· 2025-04-15 11:01
Over the past two weeks, the world has been shaken into a new paradigm as President Trump has rolled out an aggressive new plan for global trade through tariffs between the United States and its biggest trading partners. While reports suggest that most countries have approached the United States to negotiate the state of these tariffs, one loose end is still filling markets with uncertainty. And that country is China. Marathon Petroleum TodayMPCMarathon Petroleum$124.87 +1.44 (+1.17%) 52-Week Range$115.10▼ ...
强强联手!宁德时代携手中国石化,计划布局万座换电,智能车ETF泰康(159720)近1周新增规模居同类产品第一
Xin Lang Cai Jing· 2025-04-02 06:43
Group 1 - CATL and Sinopec signed a cooperation framework agreement to deepen their long-term strategic partnership, aiming to build a nationwide battery swapping ecosystem with a target of constructing at least 500 battery swapping stations this year and expanding to 10,000 stations in the long term [1] - The collaboration will create an integrated service network encompassing "people, vehicles, energy, and life," providing standardized and scalable support for achieving carbon neutrality goals [1] - The cooperation marks a new phase in the systematic construction of the battery swapping ecosystem [1] Group 2 - The State-owned Assets Supervision and Administration Commission (SASAC) plans to strategically restructure state-owned automobile enterprises to enhance industry concentration and accelerate the creation of a world-class automotive group with global competitiveness and independent core technologies [1] - The restructuring is expected to benefit the domestic auto parts supply chain by altering the competitive landscape and providing more project opportunities [1] Group 3 - The Smart Car ETF Taikang (159720) has seen a significant increase in scale, growing by 2.8697 million yuan in the past week, ranking first among comparable funds [1] - The latest share count for Smart Car ETF Taikang reached 84.8124 million, marking a one-month high [1] - The ETF closely tracks the CSI Smart Electric Vehicle Index, which includes listed companies involved in various aspects of the smart electric vehicle industry [2][3]