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New Board of Directors Elected for Jøtul Holdings / Nytt Styre Valgt For Jøtul Holdings
Globenewswire· 2025-06-10 16:30
Core Viewpoint - Jøtul AS has successfully completed a recapitalization and debt reduction through a significant debt-to-equity conversion in April 2025, positioning the company for future growth and operational improvements [1][9]. Company Restructuring - The next step in the restructuring process is to operationalize and accelerate a profitable growth strategy for Jøtul, with Erik Øyno appointed as executive chairman alongside board members Julie Berg and Ole Kristian Sivertsen [2][10]. - Shareholders have granted a company owned by Øyno subscription rights of up to 5% of the shares on terms equal to the equity conversion completed in April [2][10]. Leadership Experience - Erik Øyno brings decades of CEO experience, having previously led Protan, Aktiv Kapital, and Byggmakker, focusing on growth and profitability improvements [3][11]. - Julie Berg has extensive CFO experience, currently serving as CFO of Mainstream and previously at Aker Carbon Capture, with over 20 years in auditing and advisory roles [4][12]. - Ole Kristian Sivertsen has significant international experience in various executive roles, including CEO and CFO, and has worked in corporate restructuring and finance for decades [5][13]. Shareholder Confidence - The company's shareholders have confidence in Jøtul's potential and have selected board members dedicated to continuous improvement and driving the business forward [6][14]. - With a robust and healthy balance sheet, Jøtul is well-equipped to seize new opportunities and enhance its competitive position in the market [6][14]. Strategic Vision - Øyno emphasizes that with an improved financial foundation and focused ownership structure, Jøtul can accelerate and expand its strategic priorities, reinforcing its position as one of the largest producers of stoves and fireplaces in Europe [7][15].
Earnings Estimates Rising for HNI (HNI): Will It Gain?
ZACKS· 2025-05-13 17:21
Core Viewpoint - HNI is positioned as a strong investment opportunity due to significant revisions in earnings estimates, indicating a positive earnings outlook and potential for continued stock price growth [1][2]. Earnings Estimate Revisions - Analysts have shown increasing optimism regarding HNI's earnings prospects, leading to higher earnings estimates which are expected to positively influence the stock price [2]. - The current-quarter earnings estimate is $0.84 per share, reflecting a year-over-year increase of +6.33%, with a 15.07% rise in the Zacks Consensus Estimate over the last 30 days [6]. - For the full year, HNI is projected to earn $3.49 per share, representing a +14.05% change from the previous year, with a 7.06% increase in the consensus estimate over the past month [7][8]. Zacks Rank and Performance - HNI has achieved a Zacks Rank 2 (Buy), indicating favorable estimate revisions that suggest strong future performance [9]. - Historically, stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have significantly outperformed the S&P 500, with Zacks 1 stocks averaging a +25% annual return since 2008 [3][9]. Stock Performance - HNI shares have increased by 16.2% over the past four weeks, reflecting investor confidence in the company's earnings growth prospects [10].
Tulikivi Corporation Interim report 1–3/2025: Difficult operating environment, increasing order flow
Globenewswire· 2025-05-09 10:00
TULIKIVI CORPORATION INTERIM REPORT 9 MAY 2025 AT 1 PM - The Tulikivi Group’s first-quarter net sales were EUR 6.0 million (EUR 8.5 million, 1–3/2024).- The Tulikivi Group’s first-quarter operating profit was EUR -0.7 (0.3) million and the profit before taxes was EUR -0.9 (0.1) million.- The equity ratio at the end of the review period was 49.4 per cent (49.5).- Order books stood at EUR 4.3 (5.4) million at the end of the review period.- The environmental permit process for the Suomussalmi talc project is m ...