Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Wienerberger Exceeds Market Expectations with Strong 2023 Performance and Focuses on Sustainable Growth

(IN BRIEF) Wienerberger, an Austrian building materials company, reports robust full-year results for 2023, with total revenues reaching €4.2 billion and operating EBITDA hitting €811 million, driven by increased infrastructure and renovation activities. Despite challenges like inflation and rising interest … Read the full press release

Skanska AB Sets Agenda for Upcoming Annual General Meeting

(IN BRIEF) Skanska AB (publ), a leading construction and development company, has announced its Annual General Meeting (AGM) scheduled for March 27, 2024, in Stockholm, Sweden. Shareholders are invited to attend or vote by proxy, with key agenda items including … Read the full press release

Fresenius Projects Robust Earnings Growth in 2024 Following Successful 2023

(IN BRIEF) Fresenius had a strong finish in 2023, with a robust fourth quarter performance. They project accelerated earnings growth in 2024 due to the momentum from their #FutureFresenius initiatives. Achieving their raised outlook for FY/23, the company saw continued … Read the full press release

KUKA Showcases AI-driven Robot Programming and Innovations at Hannover Messe

(IN BRIEF) Automation company KUKA gears up for Hannover Messe in April, focusing on innovation and young research talent. The KUKA Innovation Award highlights robotics solutions tailored for various industries, while at the Microsoft stand, KUKA demonstrates how artificial intelligence … Read the full press release

Ingka Group’s Investment Arm Acquires 23,883 Hectares of Forestland Across the Baltics for Responsible Forest Management

(IN BRIEF) Ingka Investments, the investment arm of Ingka Group, has acquired 23,883 hectares of land, including 19,276 hectares of forestland, across Finland, Estonia, and Latvia. This acquisition aligns with their commitment to responsible forest management. The properties contain a … Read the full press release

Kalmar Secures Order for Electric and Hybrid Straddle Carriers to Enhance Sustainability at Hutchison Ports ECT Rotterdam

(IN BRIEF) Kalmar, a subsidiary of Cargotec, has finalized a deal to provide Hutchison Ports ECT Rotterdam with two fully electric and eight hybrid straddle carriers for its ECT Delta terminal, as part of a fleet renewal initiative. Scheduled for … Read the full press release

ESET Research Exposes Operation Texonto: Russian-Aligned Disinformation Campaign Targets Ukrainians

(IN BRIEF) ESET Research uncovered Operation Texonto, a disinformation and psychological operations (PSYOPs) campaign utilizing spam emails to influence Ukrainian citizens, suggesting Russia’s superiority in the ongoing conflict. The campaign consisted of two waves in November and December 2023, spreading … Read the full press release

Outokumpu Oyj repurchased 183,340 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 20, 2024, Outokumpu finalized the repurchase of its own shares as part of a previously announced buyback program. The transactions, conducted across various trading venues, resulted in the acquisition of 183,340 shares at a total cost … Read the full press release

ANDRITZ to Implement NOx Reduction System for TPC Group’s Power Boiler in Houston

(IN BRIEF) International technology group ANDRITZ has secured an order from TPC Group to install a Selective Catalytic Reduction (SCR) system aimed at reducing nitrogen oxides (NOx) emissions at the power boiler located in Houston, TX, USA. TPC Group’s decision … Read the full press release

Airbus and Singapore Economic Development Board Partner to Establish Sustainable Aviation Hub

(IN BRIEF) Airbus has signed a Memorandum of Understanding (MOU) with the Singapore Economic Development Board (EDB) to pave the way for the establishment of a Sustainable Aviation Hub in Singapore. This hub, to be hosted within Airbus’ Singapore Campus … Read the full press release

Trilogy NextGen Unveils Private 5G Network at TBN Studio, Revolutionizing Broadcasting

(IN BRIEF) Trilogy NextGen introduces a cutting-edge private 5G network deployment at Trinity Broadcasting Network’s (TBN) new PLEX studio in Dallas-Fort Worth, leveraging Microsoft Azure private multi-access edge compute (MEC) and Ericsson’s 5G Radio Dot System. This innovative network enables … Read the full press release

Siemens Unveils Veloce™ CS: Next-Gen Hardware-Assisted Verification and Validation System

(IN BRIEF) Siemens Digital Industries Software launches the Veloce™ CS system, a groundbreaking hardware-assisted verification and validation solution merging hardware emulation, enterprise prototyping, and software prototyping. Built on advanced integrated circuits including Siemens’ Crystal accelerator chip and the AMD Versal™ … Read the full press release

Savills Bolsters Central London Dilapidations Team with Key Appointments

(IN BRIEF) Savills has reinforced its central London dilapidations and lease management team with the addition of Adam Nash as Director and Ollie Hill as Associate. With nearly 20 years of experience, Adam brings a wealth of expertise in dilapidations, … Read the full press release

CapMan Social Real Estate Fund Expands Portfolio with Acquisition of Porcelænshaven Property in Copenhagen

(IN BRIEF) CapMan Social Real Estate (CMSRE) has acquired Porcelænshaven, a historic office and educational property in Frederiksberg, Copenhagen, fully leased to Copenhagen Business School (CBS). With 19,300 m2 of lettable space, the property, nestled near Frederiksberg Gardens, dates back … Read the full press release

Covestro and RWE Forge Long-Term Pact for Green Energy Supply

(IN BRIEF) Covestro and RWE have inked a substantial long-term power purchase agreement (PPA) aimed at bolstering Covestro’s Antwerp production site in Belgium with renewable energy from offshore wind turbines in the North Sea. This collaboration, spanning from 2026 to … Read the full press release

BAE Systems Applauds Commonwealth’s Surface Combatant Review for Australian Naval Fleet

(IN BRIEF) The Commonwealth of Australia’s Surface Combatant Review (SCR) announcement marks a significant milestone in the establishment of a next-generation naval surface fleet, with particular implications for BAE Systems Australia’s operations. The confirmation of the Hunter Class Frigate Program’s … Read the full press release

EBRD’s €22 Million Loan to Boost Tbilisi’s Waste Management System

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €22 million loan to Tbilservice Group, aimed at enhancing Tbilisi’s solid waste management and disposal system. This funding, co-financed by the Green Climate Fund, will facilitate the … Read the full press release

LSEG Sets New Standard with 26 Weeks’ Global Paid Parental Leave

(IN BRIEF) London Stock Exchange Group (LSEG) announces a groundbreaking enhancement to its parental leave policy, introducing 26 weeks of fully paid leave for all employees welcoming a child into their family, effective from July 1, 2024. This move, irrespective … Read the full press release

Telefónica Unveils ‘100 Years Leading Change’ Showcase at MWC Barcelona

(IN BRIEF) Telefónica, celebrating its Centenary in 2024, is set to showcase its most innovative offerings at the Mobile World Congress (MWC) in Barcelona. Under the theme ‘100 Years Leading Change’, the company will exhibit cutting-edge connectivity solutions, sustainable technologies, … Read the full press release

Kapsch TrafficCom Implements MLFF Tolling System on Vital French Highways

(IN BRIEF) Kapsch TrafficCom has been awarded a tolling contract by APRR (Autoroutes Paris-Rhin-Rhône) to implement a Multi-Lane Free Flow (MLFF) tolling system on key autoroutes in France. This project involves installing nearly 30 gantries along approximately 430 kilometers of … Read the full press release