- Orders up 13%¹; book-to-bill ratio² of 1.04x
- Group operational EBITDA³ impacted by loss in Power Systems (PS)
- Decisive step change actions implemented in PS
- Cash from operations up by more than $300 million
- Successful execution of announced portfolio pruning
Zurich, Switzerland, 23-7-2014 — /EuropaWire/ — ABB today reported strong order growth, stable revenues and a significant increase in cash from operations for the second quarter of 2014. The lower operational EBITDA margin mainly reflects ongoing project-related challenges in the Power Systems (PS) division.
Orders4 of $10.6 billion were 14 percent higher (13 percent on a like-for-like basis²) compared with the same quarter in 2013. Base orders accelerated and large orders grew more than 70 percent. The positive growth momentum was supported across all regions.
“Last October we said that we will drive organic growth through penetration, innovation and expansion and now we are delivering results,” said ABB Chief Executive Officer Ulrich Spiesshofer. “Our focused actions are paying off and support overall increased order momentum. In the second quarter we saw encouraging growth in our two largest markets, the US and China.”
The strong order intake resulted in a positive book-to-bill ratio of 1.04x. ABB delivered steady revenues of $10.2 billion despite the lower opening order backlog.
Group operational EBITDA was impacted by a loss in the PS division related to ongoing project charges in large engineering, procurement and construction (EPC) projects for offshore wind and solar power generation. New management has taken strict actions to de-risk the PS portfolio and adjust capacity. In addition to the exit from the solar EPC business, ABB is implementing a new business model for offshore wind EPC. “As said previously, PS is likely to weigh on earnings in the coming quarters. Spiesshofer said. “We are driving the PS turnaround as a top priority and made good progress in lowering the exposure.”
Operational EBITDA margin² was stable to higher for the remaining divisions, excluding the expected dilutive impact of the Power-One acquisition in Discrete Automation and Motion. Cash from operations improved by more than 60 percent to $888 million in the quarter.
ABB successfully executed on its announced strategic portfolio pruning of businesses that have limited synergies with the rest of the portfolio. “Since October last year, we have moved quickly on our commitment to optimize the portfolio in a value-creating way and to strengthen the focus on the core,” Spiesshofer said.
“For the second half of the year we will continue to push hard on our organic growth initiatives in a mixed market environment,” he said. “We will drive our relentless execution on cash and further step up the momentum on cost savings. We are confident that our balanced growth and execution initiatives will yield positive results for our shareholders.”
ABB will host a capital markets day on September 9 in London to communicate its new strategy and financial targets as well as priorities for value creation and capital allocation.
2014 Q2 and half-year key figures | |||||
![]() | Q2 14 | Q2 13 | Change | ||
---|---|---|---|---|---|
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local | Like-for-like² |
Orders | 10’567 | 9’312 | 13% | 14% | 13% |
Order backlog(end June) | 27’089 | 28’292 | -4% | -5% | ![]() |
Revenues | 10’190 | 10’225 | 0% | 0% | -1% |
Income from operations | 1’052 | 1’188 | -11% | ![]() | ![]() |
as % of revenues | 10.3% | 11.6% | ![]() | ![]() | ![]() |
Operational EBITDA | 1’331 | 1’561 | -15% | ![]() | ![]() |
as % of operational revenues² | 13.0% | 15.2% | ![]() | ![]() | ![]() |
Net income | 636 | 763 | -17% | ![]() | ![]() |
Basic net income per share ($) | 0.28 | 0.33 | ![]() | ![]() | ![]() |
Cash flow from operating activities | 888 | 543 | 64% | ![]() | ![]() |
![]() | |||||
![]() | H1 14 | H1 13 | Change | ||
---|---|---|---|---|---|
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local | Like-for-like² |
Orders | 20’925 | 19’804 | 6% | 7% | 6% |
Order backlog(end June) | ![]() | ![]() | ![]() | ![]() | ![]() |
Revenues | 19’661 | 19’940 | -1% | 0% | -1% |
Income from operations | 1’907 | 2’240 | -15% | ![]() | ![]() |
as % of revenues | 9.7% | 11.2% | ![]() | ![]() | ![]() |
Operational EBITDA | 2’602 | 3’019 | -14% | ![]() | ![]() |
as % of operational revenues² | 13.2% | 15.1% | ![]() | ![]() | ![]() |
Net income | 1’180 | 1’427 | -17% | ![]() | ![]() |
Basic net income per share ($) | 0.51 | 0.62 | ![]() | ![]() | ![]() |
Cash flow from operating activities | 843 | 320 | 163% | ![]() | ![]() |
Summary of Q2 results
Growth overview
Demand for power distribution systems and equipment from utility customers remained steady in the quarter while utility investments in power transmission remained selective. Industrial demand varied by region and end market, with positive trends in sectors such as oil and gas and general industry and continued weakness in mining. Infrastructure markets were also mixed. Construction markets were mainly flat to slightly weaker while rail and marine transportation demand was positive.
Total orders received were up 14 percent in the quarter (13 percent on a like-for-like basis). Approximately half of the increase resulted from higher large orders (above $15 million), particularly the $400-million HVDC (high-voltage direct current) power link order won in Canada. Base orders (below $15 million) were up 9 percent (7 percent like-for-like) on growth in most of ABB’s early-cycle product businesses. Large orders represented 14 percent of total orders received in the quarter, compared to 9 percent in the same quarter in 2013.
Service orders increased 12 percent and represented 17 percent of total orders, unchanged versus the year-earlier quarter.
Revenues were flat in the second quarter (down 1 percent like-for-like). Higher revenues in the Discrete Automation and Motion division compensated a revenue decline in Process Automation and Power Systems divisions where opening order backlogs were lower compared to the same quarter a year earlier. Service revenues were flat and represented 16 percent of total revenues, unchanged compared to the same quarter a year earlier.
The order backlog at the end of June amounted to $27.1 billion, a decrease of 5 percent compared to the end of the same quarter in 2013 but 5 percent higher than at the end of 2013.
Orders received and revenues by region | ![]() | ||||
---|---|---|---|---|---|
![]() | Orders received | ![]() | ![]() | ![]() | |
![]() | Q2 14 | Q2 13 | Change | ![]() | |
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local | Like-for-like |
Europe | 3’262 | 3’149 | 4% | 1% | -1% |
The Americas | 3’531 | 2’736 | 29% | 33% | 31% |
Asia | 2’798 | 2’494 | 12% | 14% | 13% |
Middle East and Africa | 976 | 933 | 5% | 5% | 5% |
ABB Group | 10’567 | 9’312 | 13% | 14% | 13% |
![]() | ![]() | ||||
---|---|---|---|---|---|
![]() | Revenues | ![]() | ![]() | ![]() | |
![]() | Q2 14 | Q2 13 | Change | ![]() | |
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local | Like-for-like |
Europe | 3’615 | 3’421 | 6% | 3% | 3% |
The Americas | 2’939 | 3’052 | -4% | -1% | -3% |
Asia | 2’698 | 2’783 | -3% | -1% | -2% |
Middle East and Africa | 938 | 969 | -3% | -3% | -3% |
ABB Group | 10’190 | 10’225 | 0% | 0% | -1% |
Orders were mixed across Europe. For example, orders increased in Russia, the Netherlands and Germany and declined in Norway, the UK and France.
The strong order development in the Americas partly reflects the large power transmission order won in Canada in the quarter, as well as a double-digit order increase in the US and a significant increase in Brazil compared with the low levels of 2013.
Asian order growth was led by double-digit increases in China—especially in Power Products and Discrete Automation and Motion—Indonesia, and South Korea. Orders decreased in India.
Orders increased in the Middle East and Africa—including strong double-digit growth in Saudi Arabia—mainly on higher demand in the power divisions.
Orders received and revenues by division | ![]() | ||||
---|---|---|---|---|---|
![]() | Orders received | ![]() | ![]() | ![]() | |
![]() | Q2 2014 | Q2 2013 | Change | ||
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local currency | Like-for-like |
Discrete Automation and Motion | 2’667 | 2’392 | 11% | 11% | 7% |
Low Voltage Products | 1’939 | 1’980 | -2% | -1% | 0% |
Process Automation | 2’044 | 1’788 | 14% | 15% | 16% |
Power Products | 2’766 | 2’596 | 7% | 7% | ![]() |
Power Systems | 1’767 | 1’307 | 35% | 39% | ![]() |
Corporate and other(incl. inter-division eliminations) | (616) | (751) | ![]() | ![]() | ![]() |
ABB Group | 10’567 | 9’312 | 13% | 14% | 13% |
![]() | ![]() | ||||
---|---|---|---|---|---|
![]() | Revenues | ![]() | ![]() | ![]() | |
![]() | Q2 2014 | Q2 2013 | Change | ||
$ millions unlessotherwise indicated | ![]() | ![]() | US$ | Local currency | Like-for-like |
Discrete Automation and Motion | 2’543 | 2’362 | 8% | 7% | 3% |
Low Voltage Products | 1’936 | 1’929 | 0% | 1% | 3% |
Process Automation | 2’012 | 2’130 | -6% | -5% | -2% |
Power Products | 2’662 | 2’781 | -4% | -3% | ![]() |
Power Systems | 1’810 | 1’962 | -8% | -7% | ![]() |
Corporate and other(incl. inter-division eliminations) | (773) | (939) | ![]() | ![]() | ![]() |
ABB Group | 10’190 | 10’225 | 0% | 0% | -1% |
Discrete Automation and Motion: A combination of growth initiatives and higher demand in early-cycle businesses serving general industry and discrete manufacturing drove order growth in the quarter, led by a solid increase in base orders. Large orders were lower. Increased revenues in robotics and service more than offset the impact of a lower opening order backlog in large motors and medium-voltage drives compared to the same quarter in 2013.
Low Voltage Products: Orders were stable compared with the same period a year earlier and, excluding the previously-announced divestments, the remaining ongoing business improved. Revenue growth was driven mainly by product businesses and systems.
Process Automation: Both large and base orders improved in the second quarter, driven mainly by the strength of the marine and pulp and paper sectors. Demand from the mining industry was up but remained at low levels. Orders grew in the Americas and Asia. Orders were flat in Europe and down slightly in the Middle East and Africa. Revenues were lower as the execution of the strong order backlog in oil and gas was offset mainly by a decline in marine and mining revenues. Increased lifecycle service revenues in the quarter were offset by lower full service revenues.
Power Products: Both large and base orders increased in the second quarter, supported by the distribution and industry sectors and continued selective investments on large transmission projects. Order growth was driven by emerging markets, including China, India and Brazil. Orders also increased in North America but were lower in Europe. The lower revenues in the quarter mainly reflect the lower opening order backlog.
Power Systems: An increase in large orders, mainly the $400-million HVDC (high-voltage direct current) link project in Canada, drove the strong order improvement in the second quarter, although base orders also grew at a double-digit pace. Utilities remain cautious in their power transmission investments and ABB continues to be selective, focusing on margin and pull-through. Revenues were lower than the previous year impacted by the lower opening order backlog and the execution delays in selected projects.
Earnings overview
Operational EBITDA
Operational EBITDA in the second quarter of 2014 amounted to $1.3 billion, 15 percent below the year-earlier period, primarily the result of the continued weak operational performance in Power Systems, mainly related to EPC projects in offshore wind and solar power generation. The operational EBITDA margin was steady to higher in all other divisions (excluding the dilutive impact of the Power-One acquisition in the Discrete Automation and Motion division).
Cost savings and further productivity improvements more than compensated pricing pressures.
Net income
Net income for the quarter amounted to $636 million and included $333 million of depreciation and amortization, of which approximately $100 million of amortization was related to acquisitions. Restructuring-related charges amounted to $40 million.
Net income also includes after-tax gains of approximately $60 million from divestitures in the quarter.
Basic earnings per share amounted to $0.28 in the second quarter compared to $0.33 in the same quarter a year earlier.
Earnings and cash flows by division | ||||
![]() | Operational EBITDA | ![]() | ![]() | |
---|---|---|---|---|
![]() | Q2 2014 | Q2 2013 | Change US$ | |
$ millions unlessotherwise indicated | ![]() | ![]() | ![]() | ![]() |
Discrete Automation and Motion | 443 | 428 | 4% | ![]() |
Low Voltage Products | 364 | 367 | -1% | ![]() |
Process Automation | 248 | 252 | -2% | ![]() |
Power Products | 393 | 409 | -4% | ![]() |
Power Systems | (24) | 159 | n/a | ![]() |
Corporate and other(incl. inter-division eliminations) | (93) | (54) | ![]() | ![]() |
ABB Group | 1’331 | 1’561 | -15% | ![]() |
![]() | ||||
---|---|---|---|---|
![]() | Operational EBITDA margin | ![]() | ||
![]() | Q2 2014 | Q2 2013 | ![]() | |
$ millions unlessotherwise indicated | ![]() | ![]() | ![]() | ![]() |
Discrete Automation and Motion | 17.4% | 18.1% | ![]() | ![]() |
Low Voltage Products | 18.8% | 19.0% | ![]() | ![]() |
Process Automation | 12.3% | 11.8% | ![]() | ![]() |
Power Products | 14.8% | 14.7% | ![]() | ![]() |
Power Systems | -1.3% | 7.9% | ![]() | ![]() |
Corporate and other(incl. inter-division eliminations) | ![]() | ![]() | ![]() | ![]() |
ABB Group | 13.0% | 15.2% | ![]() | ![]() |
![]() | ||||
---|---|---|---|---|
![]() | Cash flow from operating activities | |||
![]() | Q2 2014 | Q2 2013 | Change US$ | |
$ millions unlessotherwise indicated | ![]() | ![]() | ![]() | ![]() |
Discrete Automation &and Motion | 374 | 326 | 15% | ![]() |
Low Voltage Products | 273 | 255 | 7% | ![]() |
Process Automation | 206 | 163 | 26% | ![]() |
Power Products | 189 | 223 | -15% | ![]() |
Power Systems | 54 | (151) | n/a | ![]() |
Corporate and other(incl. inter-division eliminations) | (208) | (273) | ![]() | ![]() |
ABB Group | 888 | 543 | 64% | ![]() |
Discrete Automation and Motion: The operational EBITDA increased on higher revenues while the operational EBITDA margin decline reflects the dilutive impact from Power-One, acquired in the third quarter of 2013. Excluding that impact, the division’s operational EBITDA margin was slightly higher than in the year-earlier period.
Low Voltage Products: Operational EBITDA margin declined due to an unfavorable revenue mix and increased investments to drive organic sales growth.
Process Automation: The operational EBITDA margin improvement reflects solid project execution out of the order backlog in the oil and gas business and continued strict cost control.
Power Products: The operational EBITDA margin was maintained at a steady level as a result of continued cost savings and solid execution.
Power Systems: The operational EBITDA loss reflects the continued impact of project-related charges, mainly in engineering, procurement and construction (EPC) contracts in solar power generation and in offshore wind. Lower revenues also affected earnings.
Balance sheet and cash flow
Total debt2 at the end of the second quarter amounted to around $9 billion, approximately $1 billion higher than at the end of 2013, reflecting increased short-term borrowing. Net debt2 at the end of the second quarter increased to approximately $3 billion compared with $1.5 billion at the end of 2013.
ABB reported cash flow from operations of $888 million in the second quarter, an increase of more than $300 million compared with the second quarter in 2013. Cash flow from the divisions improved by $280 million as the result of successful net working capital management efforts, especially in receivables and inventory management. Net working capital as a share of revenues2 amounted to 17 percent, as in the second quarter of 2013.
Divestitures
In line with its strategy to continuously optimize the portfolio and to focus on driving profitable growth in the core automation and power businesses, ABB announced in June an agreement to divest Thomas & Betts’ steel structures business for $600 million in an all-cash transaction. The deal is expected to be closed in the third quarter of 2014, subject to regulatory clearances. ABB also divested the Power Solutions business of Power-One for approximately $120 million and completed the previously-announced sale of Thomas & Betts’ heating, ventilation and air conditioning business for approximately $260 million.
Outlook
The long-term demand outlook for ABB’s businesses remains clearly positive. The need for efficient and reliable electricity transmission and distribution will continue to increase, driven by factors such as: accelerating urbanization in emerging markets; actions to address global warming; the rapidly increasing power needs from digitization; and the refurbishment of aging power grids. At the same time, demand for industrial automation solutions will grow as customers strive to improve productivity, efficiency, product quality, and safety. ABB is well positioned to tap these opportunities for long-term profitable growth with its strong market presence, broad geographic and business scope, technology leadership and financial strength.
In the short term, there are positive early-cycle macroeconomic signs, for example, in the US. However, there remain uncertainties related to the speed and strength of economic development in some emerging markets. Growth in Europe is expected to continue the pattern seen in the second quarter and to vary by country and sector.
In this market environment, ABB’s management team aims to systematically drive profitable organic growth through increased market penetration, generating more revenues from our pipeline of new product innovations, and expanding into new attractive market segments. In addition, management intends to accelerate business-led collaboration, such as further developing the service business, driving the successful integration of acquired businesses and increasing ABB’s productivity by focusing stronger on the needs of customers. A third priority is relentless execution, especially in the areas of cost savings, cash flow generation and returning the Power Systems division to higher and more consistent returns.
More information
The 2014 Q2 results press release and presentation slides are available on the ABB News Center at www.abb.com/news and on the Investor Relations homepage at www.abb.com/investorrelations.
ABB will host a media conference call starting at 9:30 a.m. Central European Time (CET). The event will be accessible by conference call. U.K. callers should dial +44 203 059 58 62. From Sweden, the number is +46 85 051 00 31, and from the rest of Europe, +41 58 310 50 00. Callers from the US and Canada should +1 866 291 41 66 (toll-free) or +1 631 570 56 13 (local tariff). Lines will be open 15 minutes before the start of the conference. Audio playback of the call will start one hour after the call ends and will be available for 24 hours: Playback numbers: +44 207 108 6233 (U.K.), +41 91 612 4330 (rest of Europe) or +1 631 982 4566 (U.S./Canada). The code is 18397, followed by the # key.
A conference call for analysts and investors is scheduled to begin today at 2:00 p.m. CET (1:00 p.m. BST, 8:00 a.m. EDT). Callers should dial +1 866 291 41 66 from the US/Canada (toll-free), +1 631 570 5613 (US/Canada local tariff), +44 203 059 58 62 from the U.K., +46 8 5051 00 31 from Sweden or +41 58 310 50 00 from the rest of the world. Callers are requested to phone in 10 minutes before the start of the call. The recorded session will be available as a podcast one hour after the end of the conference call and can be downloaded from our website.
Investor calendar 2014 | |
---|---|
Capital Markets Day | September 9, 2014 |
Third-quarter 2014 results | October 22, 2014 |
Fourth-quarter 2014 results | February 5, 2015 |
ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 145,000 people.
Important notice about forward-looking information
This press release includes forward-looking information and statements as well as other statements concerning the outlook for our business. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, including global economic conditions, the economic conditions of the regions and industries that are major markets for ABB Ltd. These expectations, estimates and projections are generally identifiable by statements containing words such as “expects,” “believes,” “estimates,” “targets,” “plans”, “is likely” or similar expressions. However, there are many risks and uncertainties, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets. The important factors that could cause such differences include, among others, business risks associated with the volatile global economic environment and political conditions, costs associated with compliance activities, raw materials availability and prices, market acceptance of new products and services, changes in governmental regulations and currency exchange rates and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although ABB Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved.
Ulrich Spiesshofer, CEO
¹ | Orders up 13 percent on a like-for-like basis. See the “Supplemental Financial Information” attachment to the press release. |
² | For non-GAAP measures, see the “Supplemental Financial Information” attachment to the press release. |
³ | See reconciliation of operational EBITDA to Income from continuing operations before taxes in Note 13 to the Interim Consolidated Financial Information (unaudited) |
4 | Management discussion of orders and revenues focuses on local currency changes. U.S. dollar changes are reported in the results tables. |
You can download/view the PDF format of this press release, the financial statements (only available in English), the Notes to the Interim Consolidated Financial Information (financial notes) and Supplemental financial information also only available in English. Appendices are not included in this Web page.
- BREAKING NEWS: New Podcast “Spreading the Good BUZZ” Hosted by Josh and Heidi Case Launches July 7th with Explosive Global Reach and a Mission to Transform Lives Through Hope and Community in Recovery
- Cha Cha Cha kohtub krüptomaailmaga: Winz.io teeb koostööd Euroopa visionääri ja staari Käärijäga
- Digi Communications N.V. announces Conditional stock options granted to Executive Directors of the Company, for the year 2025, based on the general shareholders’ meeting approval from 25 June 20244
- Cha Cha Cha meets crypto: Winz.io partners with European visionary star Käärijä
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2024, as approved by the Company’s OGSM from 25 June 2024
- “Su Fortuna Se Ha Construido A Base de La Defraudación Fiscal”: Críticas Resurgen Contra Ricardo Salinas en Medio de Nuevas Revelaciones Judiciales y Fiscaleso
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2024 financial year
- SOILRES project launches to revive Europe’s soils and future-proof farming
- Josh Case, ancien cadre d’ENGIE Amérique du Nord, PDG de Photosol US Renewable Energy et consultant d’EDF Amérique du Nord, engage aujourd’hui toute son énergie dans la lutte contre la dépendance
- Bizzy startet den AI Sales Agent in Deutschland: ein intelligenter Agent zur Automatisierung der Vertriebspipeline
- Bizzy lance son agent commercial en France : un assistant intelligent qui automatise la prospection
- Bizzy lancia l’AI Sales Agent in Italia: un agente intelligente che automatizza la pipeline di vendita
- Bizzy lanceert AI Sales Agent in Nederland: slimme assistent automatiseert de sales pipeline
- Bizzy startet AI Sales Agent in Österreich: ein smarter Agent, der die Sales-Pipeline automatisiert
- Bizzy wprowadza AI Sales Agent w Polsce: inteligentny agent, który automatyzuje budowę lejka sprzedaży
- Bizzy lanza su AI Sales Agent en España: un agente inteligente que automatiza la generación del pipeline de ventas
- Bizzy launches AI Sales Agent in the UK: a smart assistant that automates sales pipeline generation
- As Sober.Buzz Community Explodes Its Growth Globally it is Announcing “Spreading the Good BUZZ” Podcast Hosted by Josh Case Debuting July 7th
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2024 Annual Report
- Escándalo Judicial en Aumento Alarma a la Opinión Pública: Suprema Corte de México Enfrenta Acusaciones de Favoritismo hacia el Aspirante a Magnate Ricardo Salinas Pliego
- Winz.io Named AskGamblers’ Best Casino 2025
- Kissflow Doubles Down on Germany as a Strategic Growth Market with New AI Features and Enterprise Focus
- Digi Communications N.V. announces Share transaction made by a Non-Executive Director of the Company with class B shares
- Salinas Pliego Intenta Frenar Investigaciones Financieras: UIF y Expertos en Corrupción Prenden Alarmas
- Digital integrity at risk: EU Initiative to strengthen the Right to be forgotten gains momentum
- Orden Propuesta De Arresto E Incautación Contra Ricardo Salinas En Corte De EE.UU
- Digi Communications N.V. announced that Serghei Bulgac, CEO and Executive Director, sold 15,000 class B shares of the company’s stock
- PFMcrypto lancia un sistema di ottimizzazione del reddito basato sull’intelligenza artificiale: il mining di Bitcoin non è mai stato così facile
- Azteca Comunicaciones en Quiebra en Colombia: ¿Un Presagio para Banco Azteca?
- OptiSigns anuncia su expansión Europea
- OptiSigns annonce son expansion européenne
- OptiSigns kündigt europäische Expansion an
- OptiSigns Announces European Expansion
- Digi Communications NV announces release of Q1 2025 financial report
- Banco Azteca y Ricardo Salinas Pliego: Nuevas Revelaciones Aumentan la Preocupación por Riesgos Legales y Financieros
- Digi Communications NV announces Investors Call for the presentation of the Q1 2025 Financial Results
- Digi Communications N.V. announces the publication of the 2024 Annual Financial Report and convocation of the Company’s general shareholders meeting for June 18, 2025, for the approval of, among others, the 2024 Annual Financial Report, available on the Company’s website
- La Suprema Corte Sanciona a Ricardo Salinas de Grupo Elektra por Obstrucción Legal
- Digi Communications N.V. announces the conclusion of an Incremental to the Senior Facilities Agreement dated 21 April 2023
- 5P Europe Foundation: New Initiative for African Children
- 28-Mar-2025: Digi Communications N.V. announces the conclusion of Facilities Agreements by companies within Digi Group
- Aeroluxe Expeditions Enters U.S. Market with High-Touch Private Jet Journeys—At a More Accessible Price ↗️
- SABIO GROUP TAKES IT’S ‘DISRUPT’ CX PROGRAMME ACROSS EUROPE
- EU must invest in high-quality journalism and fact-checking tools to stop disinformation
- ¿Está Banco Azteca al borde de la quiebra o de una intervención gubernamental? Preocupaciones crecientes sobre la inestabilidad financiera
- Netmore and Zenze Partner to Deploy LoRaWAN® Networks for Cargo and Asset Monitoring at Ports and Terminals Worldwide
- Rise Point Capital: Co-investing with Independent Sponsors to Unlock International Investment Opportunities
- Netmore Launches Metering-as-a-Service to Accelerate Smart Metering for Water and Gas Utilities
- Digi Communications N.V. announces that a share transaction was made by a Non-Executive Director of the Company with class B shares
- La Ballata del Trasimeno: Il Mediometraggio si Trasforma in Mini Serie
- Digi Communications NV Announces Availability of 2024 Preliminary Financial Report
- Digi Communications N.V. announces the recent evolution and performance of the Company’s subsidiary in Spain
- BevZero Equipment Sales and Distribution Enhances Dealcoholization Capabilities with New ClearAlc 300 l/h Demonstration Unit in Spain Facility
- Digi Communications NV announces Investors Call for the presentation of the 2024 Preliminary Financial Results
- Reuters webinar: Omnibus regulation Reuters post-analysis
- Patients as Partners® Europe Launches the 9th Annual Event with 2025 Keynotes, Featured Speakers and Topics
- eVTOLUTION: Pioneering the Future of Urban Air Mobility
- Reuters webinar: Effective Sustainability Data Governance
- Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario
- Digi Communications N.V. Announces the release of the Financial Calendar for 2025
- USA Court Lambasts Ricardo Salinas Pliego For Contempt Of Court Order
- 3D Electronics: A New Frontier of Product Differentiation, Thinks IDTechEx
- Ringier Axel Springer Polska Faces Lawsuit for Over PLN 54 million
- Digi Communications N.V. announces the availability of the report on corporate income tax information for the financial year ending December 31, 2023
- Unlocking the Multi-Million-Dollar Opportunities in Quantum Computing
- Digi Communications N.V. Announces the Conclusion of Facilities Agreements by Companies within Digi Group
- The Hidden Gem of Deep Plane Facelifts
- KAZANU: Redefining Naturist Hospitality in Saint Martin ↗️
- New IDTechEx Report Predicts Regulatory Shifts Will Transform the Electric Light Commercial Vehicle Market
- Almost 1 in 4 Planes Sold in 2045 to be Battery Electric, Finds IDTechEx Sustainable Aviation Market Report
- Digi Communications N.V. announces the release of Q3 2024 financial results
- Digi Communications NV announces Investors Call for the presentation of the Q3 2024 Financial Results
- Pilot and Electriq Global announce collaboration to explore deployment of proprietary hydrogen transport, storage and power generation technology
- Digi Communications N.V. announces the conclusion of a Memorandum of Understanding by its subsidiary in Romania
- Digi Communications N.V. announces that the Company’s Portuguese subsidiary finalised the transaction with LORCA JVCO Limited
- Digi Communications N.V. announces that the Portuguese Competition Authority has granted clearance for the share purchase agreement concluded by the Company’s subsidiary in Portugal
- OMRON Healthcare introduceert nieuwe bloeddrukmeters met AI-aangedreven AFib-detectietechnologie; lancering in Europa september 2024
- OMRON Healthcare dévoile de nouveaux tensiomètres dotés d’une technologie de détection de la fibrillation auriculaire alimentée par l’IA, lancés en Europe en septembre 2024
- OMRON Healthcare presenta i nuovi misuratori della pressione sanguigna con tecnologia di rilevamento della fibrillazione atriale (AFib) basata sull’IA, in arrivo in Europa a settembre 2024
- OMRON Healthcare presenta los nuevos tensiómetros con tecnología de detección de fibrilación auricular (FA) e inteligencia artificial (IA), que se lanzarán en Europa en septiembre de 2024
- Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării
- Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale
- The Road to Sustainable Electric Motors for EVs: IDTechEx Analyzes Key Factors
- Infrared Technology Breakthroughs Paving the Way for a US$500 Million Market, Says IDTechEx Report
- MegaFair Revolutionizes the iGaming Industry with Skill-Based Games
- European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten
- Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation
- Digi Communications N.V. confirms the full redemption of €450,000,000 Senior Secured Notes
- AT&T Obtiene Sentencia Contra Grupo Salinas Telecom, Propiedad de Ricardo Salinas, Sus Abogados se Retiran Mientras Él Mueve Activos Fuera de EE.UU. para Evitar Pagar la Sentencia
- Global Outlook for the Challenging Autonomous Bus and Roboshuttle Markets
- Evolving Brain-Computer Interface Market More Than Just Elon Musk’s Neuralink, Reports IDTechEx
- Latin Trails Wraps Up a Successful 3rd Quarter with Prestigious LATA Sustainability Award and Expands Conservation Initiatives ↗️
- Astor Asset Management 3 Ltd leitet Untersuchung für potenzielle Sammelklage gegen Ricardo Benjamín Salinas Pliego von Grupo ELEKTRA wegen Marktmanipulation und Wertpapierbetrug ein
- Digi Communications N.V. announces that the Company’s Romanian subsidiary exercised its right to redeem the Senior Secured Notes due in 2025 in principal amount of €450,000,000
- Astor Asset Management 3 Ltd Inicia Investigación de Demanda Colectiva Contra Ricardo Benjamín Salinas Pliego de Grupo ELEKTRA por Manipulación de Acciones y Fraude en Valores
- Astor Asset Management 3 Ltd Initiating Class Action Lawsuit Inquiry Against Ricardo Benjamín Salinas Pliego of Grupo ELEKTRA for Stock Manipulation & Securities Fraud
- Digi Communications N.V. announced that its Spanish subsidiary, Digi Spain Telecom S.L.U., has completed the first stage of selling a Fibre-to-the-Home (FTTH) network in 12 Spanish provinces
- Natural Cotton Color lancia la collezione "Calunga" a Milano
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Editor's pick archive....