Category Archives: Business

Business Press Releases & News distributed via EuropaWire

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

EDF Announces Leadership Changes to Drive Renewable Energy Growth

(IN BRIEF) EDF Renewables, a prominent player in renewable energy, is proposing Béatrice Buffon as its new Chairman and CEO. This change follows the decision of Bruno Bensasson, the current Chairman and CEO, to step down to pursue other opportunities. … Read the full press release

TotalEnergies Marks 100 Years of Energy Innovation and Leadership

(IN BRIEF) TotalEnergies is celebrating its 100th anniversary, marking a century of innovation and leadership in the global energy sector. Founded in 1924 as Compagnie Française des Pétroles, the company started in France without local oil resources but quickly expanded … Read the full press release

ArcelorMittal Refines Segment Reporting and EBITDA Definition for Enhanced Clarity

(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release

Daimler Truck AG Secures €5 Billion Revolving Credit Line to Enhance Financial Flexibility

(IN BRIEF) Daimler Truck AG has finalized a new revolving credit line worth €5 billion, capitalizing on favorable market conditions to replace its existing syndicated credit line set to mature. Coordinated by BNP Paribas, Deutsche Bank, and LBBW, with participation … Read the full press release

Jenoptik Reports Strong Financial Performance for Fiscal Year 2023, Expects Continued Growth

(IN BRIEF) Jenoptik AG announces impressive financial results for the fiscal year 2023, highlighted by a considerable increase in revenue and profitability. The company’s photonics business, particularly in the semiconductor equipment sector, drove significant organic revenue growth of 8.7 percent … Read the full press release

Enhanced Support Program Boosts Mature Students’ Transition to University in Cornwall

(IN BRIEF) Truro and Penwith College, in collaboration with the University of Exeter, has expanded its Mature Access Pathway program, aimed at facilitating mature students’ transition to university education and career advancement. This initiative offers tailored support, including workshops, talks, … Read the full press release

Kumba Iron Ore Achieves IRMA 75 Performance Level, Demonstrating Commitment to Responsible Mining

(IN BRIEF) Kumba Iron Ore Limited, a subsidiary of Anglo American plc, has announced that its Sishen and Kolomela mines in South Africa have attained the Initiative for Responsible Mining Assurance’s (IRMA) IRMA 75 level of performance. This achievement underscores … Read the full press release

New Research by The Alan Turing Institute Highlights Potential of Large Language Models in Finance

(IN BRIEF) The Alan Turing Institute has released a groundbreaking report suggesting that Large Language Models (LLMs) could revolutionize efficiency and safety within the finance sector. The research explores how LLMs can detect fraud, generate financial insights, and automate customer … Read the full press release

ASSA ABLOY Expands Hospitality Portfolio with Acquisition of Nomadix and Global Reach

(IN BRIEF) ASSA ABLOY, a global leader in access solutions, has announced its agreement to acquire Nomadix and Global Reach, prominent providers of Wi-Fi access and engagement platform solutions for the hospitality and commercial real estate sectors in the US … Read the full press release

Logicor Expands Nordic Footprint with Strategic Land Acquisitions in Sweden

(IN BRIEF) On March 27, 2024, Logicor, a prominent player in European logistics real estate, finalized the acquisition of two greenfield land plots in key logistics hubs in Sweden. With plans to develop over 100,000 sqm of new logistics space, … Read the full press release

Investor AB Calls Annual General Meeting for May 7, 2024: Details and Participation Guidelines

(IN BRIEF) Investor AB has announced the convening of its Annual General Meeting (AGM) scheduled for May 7, 2024, at China Teatern in Stockholm, Sweden. Shareholders are encouraged to participate either in person or via advance voting. The meeting will … Read the full press release

Investor AB Announces Board of Directors Nominations for 2024 Annual General Meeting

(IN BRIEF) Investor AB’s Nomination Committee has submitted proposals for the upcoming Annual General Meeting on May 7, 2024, regarding the composition of the Board of Directors. The committee suggests thirteen members, including notable re-elections such as Gunnar Brock, Magdalena … Read the full press release

Investor AB Achieves Strong Performance and Sustainability Milestones in 2023

(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 … Read the full press release

PNE AG Exceeds Expectations with Strong Financial Performance and Expansion Strategy

(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release

Adyen Partners with Riverty to Introduce 14-Day Invoice Buy Now, Pay Later Solution

(IN BRIEF) Adyen collaborates with Riverty, a part of the Bertelsmann Group, to offer merchants in the DACH region a new 14-day invoice Buy Now, Pay Later (BNPL) payment method seamlessly integrated into Adyen’s fintech platform. This partnership aims to … Read the full press release

BBVA Exceeds Renewable Energy Goals and Reduces Carbon Footprint

(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release

NIRAS and Egis Join Forces to Propel Offshore Wind Development in France

(IN BRIEF) NIRAS and Egis announce a strategic partnership aimed at bolstering consultancy and engineering services in the realm of renewable energies, particularly offshore wind projects in France. With NIRAS’s extensive experience in global offshore wind and Egis’s strong foothold … Read the full press release

AstraZeneca and Sanofi’s Beyfortus Receives Approval in Japan for Prophylaxis against Respiratory Syncytial Virus

(IN BRIEF) AstraZeneca and Sanofi celebrate the approval of Beyfortus (nirsevimab) in Japan by the Ministry of Health, Labour, and Welfare for preventing lower respiratory tract disease (LRTD) caused by respiratory syncytial virus (RSV) in neonates, infants, and children entering … Read the full press release

AstraZeneca’s Truqap Gets Green Light in Japan for Advanced Breast Cancer Treatment

(IN BRIEF) AstraZeneca announces the approval of Truqap (capivasertib) in combination with Faslodex (fulvestrant) by the Japanese Ministry of Health, Labour, and Welfare (MHLW) for treating adult patients with unresectable or recurrent hormone receptor-positive, HER2-negative breast cancer. The approval, based … Read the full press release

Hexagon Embraces Digital Distribution for Annual Reports, Promoting Sustainability

(IN BRIEF) Hexagon, a leading technology company, announces the availability of its Annual Report and Sustainability Report for 2023 on its website, hexagon.com. Striving for sustainability, the company opts for digital distribution but offers printed copies upon request. Additionally, the … Read the full press release

Deutsche Bank Secures 400 Million SGD in Senior Non-Preferred Notes, Further Broadening Investor Base

(IN BRIEF) Deutsche Bank has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, marking its second venture into the SGD market. The funds will be used for general corporate purposes. Jonathan Blake, Deutsche Bank’s Head of Issuance … Read the full press release

EBRD Launches Risk-Sharing Framework with PBZ to Boost Financing for Croatian Businesses

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) initiates a new risk-sharing framework with Privredna banka Zagreb d.d. (PBZ), offering up to €75 million in guarantees to share partner banks’ exposure to local enterprises in Croatia. PBZ, part … Read the full press release

EBRD Extends €50 Million Loan to Fraport TAV for Antalya Airport Upgrades

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a €50 million loan to Fraport TAV Antalya Yatirim Yapim ve Isletme (FTA) in Türkiye, aimed at financing the completion of upgrades to Antalya Airport. These enhancements, including … Read the full press release

European Investment Bank Boosts Polish Economy with €600 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release

Infineon Unveils SSO10T TSC Package: Revolutionizing Automotive Power Designs

(IN BRIEF) Infineon Technologies AG launches the SSO10T TSC package, integrating OptiMOS™ MOSFET technology with a direct top-side cooling concept, ensuring superior thermal performance in automotive electronic control units. This innovative package facilitates a compact double-sided PCB design, significantly reducing … Read the full press release

Heidelberg Materials Secures Major Funding for Groundbreaking Carbon Capture Project in Indiana

(IN BRIEF) Heidelberg Materials has been granted up to US$500 million in funding by the US Department of Energy to advance industrial-scale carbon capture, transport, and storage (CCUS) at its cement plant in Mitchell, Indiana. This significant investment marks a … Read the full press release

Borealis and AKVA Group Launch World’s First Renewable Plastic Workboat Hull, Redefining Aquaculture Sustainability

(IN BRIEF) Borealis and AKVA Group have collaborated to introduce a groundbreaking innovation in sustainable aquaculture: the world’s first workboat hull crafted from renewable plastic. Utilizing Borealis’ Bornewables™ range of renewable polyolefins, AKVA Group’s iconic Polarcirkel series now boasts a … Read the full press release

CEB Approves €1.3 Billion in Loans Across Europe for Social Sector Investments

(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release

Sony Study Reveals Persisting Mental Health Challenges Among European Surgeons and Oncologists

(IN BRIEF) A recent survey conducted by Sony Healthcare Europe indicates that 95% of surgeons and oncologists across Europe experienced negative mental health issues in 2023, a level comparable to the aftermath of the pandemic in 2021. The survey of … Read the full press release

BT and Zscaler Strengthen Partnership to Deliver Enhanced Managed Security Services

(IN BRIEF) Zscaler, Inc. and BT have announced an expanded partnership to offer a comprehensive suite of managed security services based on the Zscaler AI-driven Zero Trust Exchange™ cloud security platform. BT will become the first global service provider to … Read the full press release

Hachette Livre Partners with Gallmeister, Expanding Distribution Reach

(IN BRIEF) Hachette Livre announces a strategic partnership with Gallmeister, an esteemed independent publisher known for its commitment to quality literature worldwide. As part of the collaboration, Hachette Livre will acquire a minority stake in Sequoia, Gallmeister’s distribution arm, and … Read the full press release

Merck Expands M LabTM Collaboration Center in Shanghai, Enhancing Biopharmaceutical Capabilities

(IN BRIEF) Merck, a prominent science and technology company, announces a €14 million expansion of its M LabTM Collaboration Center in Shanghai, bolstering its support for the biopharmaceutical industry in China. The expansion includes new facilities such as a biology … Read the full press release

Skanska Secures USD 211M Contract Amendment for Beaverton High School Rebuild Project

(IN BRIEF) Skanska announces a contract amendment worth USD 211 million with Beaverton School District for the Beaverton High School Rebuild Project in Oregon, USA. The project involves constructing a new three-story high school building spanning approximately 28,000 square meters … Read the full press release

GfK Consumer Climate Report: German Sentiment Improves Slowly

(IN BRIEF) The latest GfK Consumer Climate Report reveals a gradual improvement in consumer sentiment in Germany, with slight increases in economic expectations and income optimism. However, the willingness to buy remains low despite rising income, reflecting persistent consumer uncertainty … Read the full press release

Husqvarna Launches New Models of Robotic Lawn Mowers for Medium-Sized Gardens

(IN BRIEF) Husqvarna Group, a leader in robotic lawn care, unveils two new models of Husqvarna Automower® designed specifically for medium-sized gardens. The Automower 310E NERA and 410XE NERA integrate seamlessly with Husqvarna’s EPOS satellite navigation system and introduce the … Read the full press release

ABN AMRO Collaborates with DGTL Festival for Interactive Art Installation Promoting Cultural Equality

(IN BRIEF) ABN AMRO has partnered with DGTL festival for its 2024 edition in Amsterdam, featuring the DGTL Dome interactive art installation. Initiated in collaboration with the Amsterdam Stedelijk Museum and DGTL, the DGTL Dome serves as a platform for … Read the full press release

OMV Releases Comprehensive Sustainability Report 2023, Demonstrating Progress and Commitment

(IN BRIEF) OMV has unveiled its Sustainability Report 2023, providing insights into the company’s management and performance across key Environmental, Social, and Governance (ESG) aspects. Aligned with the UN 2030 Agenda for Sustainable Development and OMV Strategy 2030, the report … Read the full press release

UN Adopts International Day of Play to Champion Children’s Rights

(IN BRIEF) In a landmark decision, the United Nations has adopted an International Day of Play, slated for June 11th, to underscore the significance of play in children’s development. Backed by global partners and research highlighting the crucial role of … Read the full press release

Study Reveals Higher Prevalence of Lewy Body Disease in Middle-Aged Population

(IN BRIEF) A recent study by the University of Helsinki and the University of Tampere suggests that Lewy body disease, the second most common brain degenerative disorder after Alzheimer’s, may be more prevalent in middle-aged individuals than previously believed. Utilizing … Read the full press release