Tag Archives: profitability

CANCOM Group Reports Strong Financial Performance for 2023, Forecasts Significant Growth for 2024

(IN BRIEF) CANCOM Group concluded the 2023 fiscal year with remarkable financial results, including a 17.8% increase in revenue to €1,522.7 million and a notable rise in EBITDA to €115.7 million. CEO Rüdiger Rath attributes this success to strategic acquisitions … Read the full press release

Tibnor, Subsidiary of SSAB, Plans Cost-saving Measures Including Staff Reduction to Improve Profitability

(IN BRIEF) Tibnor, a subsidiary of SSAB, has announced plans to adjust its operations in response to lower demand and profitability. The measures, intended to achieve annual cost savings of around SEK 150 million, will encompass all Tibnor business areas … Read the full press release

Cargotec Reports Record-High Profitability in Half-Year 2023 Financial Report

(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release

CMD23: Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume

Volkswagen Group Unveils Strategic Realignment and Performance Programs to Boost Profitability and Cash Flow: Priority is value over volume

(IN BRIEF) Volkswagen Group has announced a strategic realignment and the launch of performance programs to enhance profitability and cash flow. At its Capital Markets Day, the Group emphasized leadership principles focused on customer orientation and entrepreneurship. Each brand will … Read the full press release

HUGO BOSS AG reported increased sales and profitability in the first nine months of 2013

 Accelerating growth momentum in Group’s own retail business supports sales expansion in third quarter Rise in sales and significantly higher gross profit margin drive operating profit increase Management forecasts sales and earnings improvements of between 6% and 8% for 2013 as … Read the full press release

The oldest private bank in Luxembourg Banque Internationale à Luxembourg (BIL) announced H1-2013 financial results

Clear return to profitability after only one year under the new shareholders Sustained growth of commercial activities Strong net income growth from 18 to 67 million euros as at June 30, 2013 A 5% increase in the customer deposit balance … Read the full press release

Ahlstrom reports slight increase in net sales and profitability in its January-June 2013 interim report

Ahlstrom Corporation STOCK EXCHANGE RELEASE August 7, 2013 at 09.00 a.m. 08-8-2013 — /EuropaWire/ — This is a summary of Ahlstrom’s January-June 2013 interim report. The complete January-June 2013 interim report with tables is attached to this release and available at www.ahlstrom.com … Read the full press release

Telenor Group reported NOK 25.7 billion of revenues in Q2 2013, growth of 2%

23-7-2013 — /EuropaWire/ — In the second quarter of 2013, Telenor Group reported revenues of NOK 25.7 billion, representing an organic revenue growth of 2%. EBITDA before other items was NOK 8.86 billion, EBITDA margin was 34%, and operating cash flow … Read the full press release

Altran Board of Directors proposed €0.09 payout per share for shareholders’ approval

20-5-2013 — /europawire.eu/ — The Board of Directors of the Altran group will submit a proposed payout of €0.09 per share for shareholders’ approval at the Annual General Meeting on 28 June 2013. This payout will be financed from funds held … Read the full press release

EADS Reports Improved Q1 2013 Results, Full Year 2013 Guidance Reaffirmed

• Revenues increase 9 percent to € 12.4 billion  • EBIT* before one-off rises 56 percent to € 741 million • Net Income rises 91 percent to € 241 million Amsterdam 14-5-2013 — /europawire.eu/ — EADS (stock exchange symbol: EAD) achieved … Read the full press release

ABB reported its first-quarter 2013 results, highlighting revenue growth and improved operational profitability

Improved portfolio and geographic balance generates solid results in a mixed market Revenues steady to higher in all divisions1; Thomas & Betts on track Operational EBITDA2 and margin higher, continued solid execution on cost savings Zurich, Switzerland, 26-4-2013 — /europawire.eu/ — ABB … Read the full press release