Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

ArcelorMittal Flat Carbon Europe reports €303 million Q3 operating loss

ArcelorMittal Flat Carbon Europe reports €303 million Q3 operating loss

Luxembourg, 8-11-2012 — /europawire.eu/ — ArcelorMittal today announced results for its Flat Carbon Europe segment for the third quarter of 2012. The segment recorded an operating loss of €303 million which includes restructuring costs but excludes interest and tax costs. The … Read the full press release

AUDI AG: Europa-Absatz steigt im Oktober um 4,2 Prozent

AUDI AG: Europa-Absatz steigt im Oktober um 4,2 Prozent

– Rund 123.600 Auslieferungen weltweit im Oktober, plus 13,9 Prozent – Vertriebschef de Meo: „In China Rekordabsatz aus dem Gesamtjahr 2011    bereits im Oktober übertroffen“ – Neue Generation des Audi Q5 stärkt Europa-Geschäft Ingolstadt, 8-11-2012 — /europawire.eu/ — Die AUDI AG ist mit einem erneut … Read the full press release

Mergers: Commission approves Outokumpu’s acquisition of Inoxum, subject to conditions

Brussels, 8-11-2012 — /europawire.eu/ — Following an in-depth review, the European Commission has cleared under the EU Merger Regulation the proposed acquisition of Inoxum, the stainless steel division of ThyssenKrupp of Germany, by the Finnish stainless steel company Outokumpu. The approval is … Read the full press release

Fiat S.p.A. announces plans to issue notes denominated in Swiss Francs

Turin, 8-11-2012 — /europawire.eu/ — Fiat S.p.A. announces that it intends to proceed, subject to market conditions, with a note issuance denominated in Swiss Francs. The benchmark issuance for the Swiss market is to be issued by Fiat Finance and Trade Ltd., … Read the full press release

Launch of the second Generation €uro Students’ Award

8-11-2012 — /europawire.eu/ — The second Generation €uro Students’ Award – a competition for secondary school students resident in the euro area – was launched on 1 November 2012 as a joint initiative by the European Central Bank (ECB) and 11 … Read the full press release

Valcárcel at Nicosia informal council urges Member States to grant adequate funding for cohesion

Brussels, 8-11-2012 — /europawire.eu/ — Valcárcel at Nicosia informal council urges Member States to grant adequate funding for cohesion The President of the Committee of the Regions (CoR), Ramón Luis Valcárcel, intervened at the informal meeting of the Ministers responsible for Cohesion … Read the full press release

WeSC: Styrelsen för WeSC offentliggör fullt garanterad företrädesemission om cirka 21 MSEK

8-11-2012 — /europawire.eu/ — Styrelsen för WeSC AB (publ) (”WeSC” eller ”Bolaget”) har beslutat att genomföra en nyemission om cirka 21 MSEK med företrädesrätt för Bolagets aktieägare. Styrelsens beslut är villkorat av godkännande vid extra bolagsstämma den 23 november 2012. · … Read the full press release

AF Gruppen’s (AFG) Invitation to presentation of Q3 2012 results

8-11-2012 — /europawire.eu/ — AF Gruppen’s (AFG) presentation of the Q3 results 2012 will take place on Friday November 9 at 0830. Those who are in interested in attending the presentation, are kindly asked to notify AF Gruppen by mail to … Read the full press release

EU signs financing agreements with Algeria for € 58 million of European grants

Brussels, 8-11-2012 — /europawire.eu/ — The European Union and Algeria have signed three financing agreements – for grants worth a total € 58 million – on the protection of cultural heritage, support for reform in the transport sector and support for youth employment. Catherine … Read the full press release

WeSC: Försäljningen för Q2 uppgick till 100 MSEK motsvarande en tillväxt på 30 procent

8-11-2012 — /europawire.eu/ — WeSC:s försäljning under det andra kvartalet som avslutades den 31 oktober 2012 för det förkortade verksamhetsåret 2012 (maj – december 2012) uppgick till drygt 100 MSEK vilket motsvarar en tillväxt om cirka 30 procent jämfört med en … Read the full press release

Bank crisis rules need a dose of realism and more detail

The European Commission’s bank crisis resolution plans focus too closely on individual troubled banks, and must do more to address crises that could infect an entire banking sector, commented MEPs on the draft legislation tabled in the Economic and Monetary … Read the full press release

Husqvarna Group plans cost structure improvements

7-11-2012 — /europawire.eu/ — Husqvarna Group plans measures to improve the Group’s cost structure. The measures include layoffs in several countries, including Sweden. The proposed measures include a reduction of approximately 600 employees, whereof almost half are in Sweden, mainly in … Read the full press release

Speech by Frans van Houten at Euronext Beurstrommeldag “Investing in the Future” (English)

Speech by Frans van Houten at Euronext Beurstrommeldag “Investing in the Future” (English)

7-11-2012 — /europawire.eu/ — Ladies and Gentlemen, I am delighted to be speaking to you at this ‘Beurstrommeldag’ (‘stock exchange drum day’). It provides an excellent opportunity for me to share with you my thoughts on innovation, entrepreneurship and competitive strength. … Read the full press release

Joint funding of European-African research projects agreed

Brussels, 7-11-2012 — /europawire.eu/ — The first initiative of European and African countries to jointly fund collaborative research projects will be agreed today during a visit by Research, Innovation and Science Commissioner Máire Geoghegan-Quinn to Cape Town. The calls, to be launched … Read the full press release

Atos Worldline launches its first contactless portable terminal in Europe

YOXIMO sets new standard with its screen integrated contactless reader Paris, 7-11-2012 — /europawire.eu/ — Atos Worldline, Atos core expertise in Hi-Tech transactional services, launches its first contactless portable terminal, YOXIMO, a new European standard in portable contactless payment terminals. Its integrated … Read the full press release

abertis’ recurrent net profit up 6% to €536Mn in the first nine months of 2012

6-11-2012 — /europawire.eu/ — The Group focuses its strategy on internationalisation, debt reduction and strengthening its dividend policy Revenues: €2,992Mn (+1%). Recurrent EBITDA: €1,958Mn (+3%). Recurrent total net profit: €536Mn (+6%). Total net profit: €1,003Mn (+69%) Net debt: €12,512Mn (-10%). abertis’ Board … Read the full press release

voestalpine reducing earnings expectations by EUR 100 million for FY 2012/13 despite development in the first half according to expectations

* according to IFRS all results after Purchase Price Allocation (PPA) ** before minority interest and hybrid capital interest

With an EBITDA of EUR 730 million and EBIT of EUR 441 million based on almost stable revenues in the first half of 2012/13 voestalpine is well on track to repeat the (adjusted) earnings figures of the business year 2011/12. … Read the full press release

State aid: Commission approves Cypriot bank guarantee scheme

Brussels, 6-11-2012 — /europawire.eu/ — The European Commission has authorised, under EU State aid rules, a Cypriot state guarantee scheme for credit institutions until 31 December 2012. The purpose of the scheme is to facilitate the access of eligible credit institutions to … Read the full press release

Better Spending and Effectiveness for Cohesion Policy to Deliver Growth and Jobs

Informal Council/Nicosia, 6-11-2012 — /europawire.eu/ — Ladies and Gentlemen, Effectiveness must be central to our discussions as we focus on Cohesion Policy investments clearly towards the creation of growth and jobs. This meeting takes place at a crucial point in time. The … Read the full press release

Member States and Commission must manage spending better – say EU Auditors

Luxembourg, 6-11-2012 — /europawire.eu/ — The 2011 accounts present fairly the financial position of the European Union and the results of its operations and its cash flows for the year.Revenue and commitments were free from material error. However, payments were affected by material error, with an estimated error rate … Read the full press release