Category Archives: Business

Business Press Releases & News distributed via EuropaWire

French private equity firm PAI Partners to acquire Roompot from Gilde Buy Out Partners, BNP Paribas Fortis, management and founder Henk van Koeveringe

PARIS, 15-Aug-2016 — /EuropaWire/ — Roompot Vakanties will be acquired by the French private equity firm PAI Partners. Both parties have agreed to the transaction, subject to the finalisation of the advisory process with Roompot’s works council and the completion of … Read the full press release

Deutsche Börse AG: We welcome that a large majority of our shareholders has approved the industry-defining merger of Deutsche Börse Group and London Stock Exchange Group

Additional acceptance period will expire on 12 August 2016, 24:00 hours (CEST) NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE … Read the full press release

United Internet 1H2016: Sales up 7.0%; EBITDA grows 15.8%

490,000 new customer contracts in the first half-year Sales up 7.0% to EUR 1,951.2 million EBITDA grows 15.8% to EUR 400.3 million and EBIT by 28.2% to EUR 303.4 million EUR 254.6 million non-cash-effective writedown on Rocket Internet shares EPS of EUR -0.25, without Rocket … Read the full press release

Ageas to initiate EUR 250 million share buy-back programme of its outstanding common stock

BRUSSELS, 10-Aug-2016 — /EuropaWire/ — Ageas announces today that the Board of Directors has decided to initiate a new share buy-back programme of its outstanding common stock for an amount of EUR 250 million (1). This follows the shareholder authorisation granted … Read the full press release

Novozymes 1H2016: sales grew by 3% organically; on track to reach our full-year profit target

2016 full-year earnings outlook maintained; organic sales outlook adjusted to 2-4% Bagsvaerd, Denmark, 10-Aug-2016 — /EuropaWire/ — In the first half of 2016, sales grew by 3% organically and were flat in DKK compared with the first half of 2015. EBIT … Read the full press release

German Association of the Automotive Industry: German commercial vehicle business proved to be stable in July despite having fewer working days

Record demand for vans continues BERLIN, 09-Aug-2016 — /EuropaWire/ — Although July this year had two working days less than July 2015, Germany’s new registrations of commercial vehicles almost equaled the volume recorded in the same month last year. A total … Read the full press release

Der MAHLE Konzern verkauft seine Industriefiltersparte an den Filterspezialisten Filtration Group Corporation

Der MAHLE Konzern verkauft seine Industriefiltersparte an den Filterspezialisten Filtration Group Corporation mit Hauptsitz in Chicago/USA. Über den Kaufpreis der Transaktion, die unter dem Vorbehalt der kartellrechtlichen Zustimmung steht, haben beide Parteien Stillschweigen vereinbart. STUTTGART, 09-Aug-2016 — /EuropaWire/ — Die MAHLE … Read the full press release

Creative Approach Saves Germany’s E-Commerce Industry

YEREVAN, 09-Aug-2016 — /EuropaWire/ — The success of thousands of German businesses is in jeopardy, hindered by the oversubscribed domain extension .DE. Soon, there will be no domains left for new businesses to register. As the country code top-level domain (ccTLD) … Read the full press release

Production jubilee for Audi Q5: The millionth SUV drove off the assembly line at Audi’s main plant in Ingolstadt

Production jubilee for mid-range SUV Plant Director Albert Mayer: “The international success of the Audi Q5 is due to the outstanding performance of our team” Best-selling premium SUV in its segment: nearly 1.6 million deliveries worldwide INGOLSTADT, 08-Aug-2016 — /EuropaWire/ — This Thursday (08/06/16), the one-millionth Audi Q5 drove … Read the full press release

Audi 1H2016: 950,000 automobiles delivered and revenue increase to €30.1 billion

Growth in cars delivered and revenue Operating return on sales before special items of 8.8 percent Audi CEO Rupert Stadler: “We are applying the earnings from our core business operations and develop strategic areas for the future” CFO Axel Strotbek: … Read the full press release

Klaus Josef Lutz appointed Chairman of the Management Board of BayWa AG until 2022

MUNICH, 04-Aug-2016 — /EuropaWire/ — On 3 August 2016, the Supervisory Board of BayWa AG, Munich, unanimously voted to appoint Klaus Josef Lutz (58) as Chairman of the Management Board for an additional term of office until 2022. This decision extends Lutz’ existing … Read the full press release

Fiat Chrysler Automobiles: FCA US sold 180,727 units in July 2016, up 0.3 percent YoY

Jeep® and Ram Truck brands both up 5 percent year-over-year Sales of Jeep Renegade up 57 percent in July versus same month in 2015 Ram ProMaster and Ram ProMaster City vans drive brand increase in July All-new 2017 Fiat 124 … Read the full press release

Gruppo Editoriale L’Espresso S.p.A. and ITEDI S.p.A. set out the terms of the proposed integration between the two companies

LONDON, 04-Aug-2016 — /EuropaWire/ — Gruppo Editoriale L’Espresso S.p.A. (“GELE“) and ITEDI S.p.A. (“Itedi“), in  furtherance of the memorandum of understanding dated March 2nd of this year, announced today the signing of a framework agreement, which sets out the terms of … Read the full press release

XING AG posts significantly increased revenues in 1H2016; paying members in the D-A-CH region now 914,000

Total revenues rise by 21 per cent B2B E-Recruiting segment grows by 29 per cent EBITDA increases by 29 per cent, profits rise by 34 per cent HAMBURG, 04-Aug-2016 — /EuropaWire/ — XING AG, operator of the leading online business network … Read the full press release

BAE Systems 1H2016: Despite economic and political uncertainties, governments in our major markets continue to prioritise national security

LONDON, 03-Aug-2016 — /EuropaWire/ — Ian King, BAE Systems’ Chief Executive, said: “In the first half of 2016, BAE Systems performed well. Despite economic and political uncertainties, governments in our major markets continue to prioritise national security, with strong demand for … Read the full press release

Austrian Airlines CFO Heinz Lachinger on 1H2016: We continue to expect an increase in the adjusted EBIT compared to the entire year 2015

Finance Results • Austrian Airlines improves adjusted EBIT by EUR 17 million to minus EUR 0.1 million • 2.2% rise in passenger volume in the first half-year 2016 • Outlook 2016: Targeted increase in adjusted EBIT, but no longer expected … Read the full press release

London Stock Exchange: New China-focused ETF from ICBC Credit Suisse Asset Management (International) Company Limited (“ICBCCS”)

Tenth RQFII ETF to list on London Stock Exchange ICBC Credit Suisse Asset Management (International) Company Limited becomes seventh Chinese ETF issuer on London Stock Exchange ETF launched in partnership with WisdomTree Further cements LSEG’s position as partner of choice … Read the full press release

ArcelorMittal Europe 2Q2016: significantly higher operating profit compared to 1Q

Luxembourg, 29-Jul-2016 — /EuropaWire/ — ArcelorMittal Europe has reported its second quarter 2016 results, with a €340m operating profit for the three months to 30 June 2016 – significantly higher than the €77m operating profit reported in the first quarter … Read the full press release

ENGIE 1H2016: Resilient results; 2016-18 transformation plan well on track; accelerated digital transformation

PARIS, 29-Jul-2016 — /EuropaWire/ — During the first half results presentation, Isabelle Kocher, Chief Executive Officer of ENGIE, stated: “The 2016-18 transformation plan announced end February is well on track. Over the first six months of 2016 we have already achieved … Read the full press release

Volkswagen Group 1H2016: figures show that our operating business is sound

Operating profit before special items for the first six months up on the prior-year figure Volkswagen Passenger Car brand turns in a robust performance in the second quarter CFO Witter: “Group can build on its high earnings power“ Wolfsburg, 28-Jul-2016 … Read the full press release