Tag Archives: Financial

Outokumpu Oyj repurchased 877 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) In its latest move, Outokumpu has finalized the repurchase of its own shares as per the announced buyback program. On February 9, 2024, the company acquired 877 shares at an average price of 4.114 EUR per share, amounting … Read the full press release

Yara Reports Lower Fourth-Quarter Earnings but Sees Positive Market Trends for 2024

(IN BRIEF) Yara, a leading fertilizer company, announced its fourth-quarter financial results, revealing a decline in earnings compared to the previous year due to lower market prices and one-off position effects. Despite this, the company’s EBITDA stood at USD 586 … Read the full press release

Saab Achieves Strong Growth in 2023: Year-End Report Highlights and Strategy Execution Update

(IN BRIEF) Saab releases its year-end report for 2023, showcasing significant growth and positive performance indicators. President and CEO Micael Johansson highlights the company’s successful navigation through a changing market reality, with notable increases in orders, sales, and investments in … Read the full press release

Outokumpu Oyj repurchased 9,603 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded the repurchase of its own shares according to the schedule outlined on February 8, 2024. The company disclosed the completion of share repurchases across various trading venues, totaling 9,603 … Read the full press release

Unilever Reports Full Year 2023 Results: Focus on Sustainability and Growth Action Plan

(IN BRIEF) Unilever has announced its financial results for the full year 2023, revealing an underlying sales growth of 7.0% driven by positive volumes. Despite challenges such as adverse currency impacts and net disposals, the company achieved a turnover of … Read the full press release

Cargotec Initiates Written Procedures to Amend Terms of Senior Unsecured Notes

(IN BRIEF) Cargotec Corporation has commenced written procedures to solicit consents, waivers, and decisions to amend the terms and conditions of its senior unsecured notes due in 2025 and 2026. This action is in relation to the partial demerger of … Read the full press release

Outokumpu Oyj repurchased 472,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, on February 7, 2024, finalized its repurchase of its own shares as part of a previously announced buyback program initiated on November 29, 2023. Under this program, Outokumpu had aimed to repurchase a maximum of 11 million … Read the full press release

Outokumpu’s Resilience Shines Through: Solid Earnings Despite Challenging Stainless Steel Market

(IN BRIEF) Despite facing headwinds in the stainless steel market, Outokumpu Oyj has managed to maintain solid financial performance in 2023. The company’s adjusted EBITDA for the year amounted to EUR 517 million, although experiencing a decline compared to previous … Read the full press release

Volkswagen Group Enhances Transparency by Adding Fitch Ratings to Assess Creditworthiness

(IN BRIEF) The Volkswagen Group, with annual financing requirements of approximately €20 billion, is a regular participant in the international bond markets. To provide greater transparency to investors, Volkswagen AG and Volkswagen Financial Services AG have decided to engage Fitch … Read the full press release

Outokumpu Oyj repurchased 245,903 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On February 1, 2024, Outokumpu, a Finnish stainless steel manufacturer, successfully completed its share buyback program, repurchasing a total of 245,903 of its own shares across various trading venues at an average price of EUR 3.99 per share, … Read the full press release

Skanska AB Reports Conversion of Class A to Class B Shares and Adjusted Total Voting Rights

(IN BRIEF) Skanska AB has announced the conversion of 15,960 Class A shares to Class B shares in accordance with its articles of association. This conversion, mandated by the Swedish Financial Instruments Trading Act, reduces the company’s total voting rights, … Read the full press release

Outokumpu Oyj repurchased 126,817 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) On January 30, 2024, Outokumpu announced the successful completion of its share repurchase program, with a total cost of EUR 507,792.07. The program, initiated on November 29, 2023, aimed to repurchase a maximum of 11 million shares with … Read the full press release

UK Businesses Embracing Open Banking Report Significant Time and Cost Savings

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) According to a survey by Payit™ by NatWest, two-thirds of larger UK businesses are familiar with open banking, with users reporting an annual time saving of 150 hours compared to non-users. Business leaders utilizing open banking in their … Read the full press release

European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

(IN BRIEF) The European Investment Bank (EIB) has successfully issued a new EUR 3 billion 15-year EARN bond, set to mature on February 15, 2039. The bond offers an annual coupon of 3% and was priced at 99.072%. With demand … Read the full press release

CEOs Express Confidence in Revenue Growth and M&A Opportunities Amidst Global Economic Challenges

(IN BRIEF) According to the latest EY CEO Outlook Pulse survey, global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024, despite acknowledging the prevailing global economic headwinds. The survey of 1,200 CEOs across 21 … Read the full press release

ING Repurchases Nearly 3.9 Million Shares in Ongoing €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has disclosed that it repurchased a total of 3,875,832 shares between January 22 and January 26, 2024, as part of its €2.5 billion share buyback program announced in November 2023. These shares were acquired at an average … Read the full press release

Outokumpu Oyj repurchased 315,800 own shares as part of its share buyback program

(IN BRIEF) On January 29, 2024, Outokumpu has successfully completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 315,800 shares across different trading venues … Read the full press release

INEOS Launches Senior Secured Notes Offering to Raise €2 Billion for Strategic Purposes

(IN BRIEF) INEOS Holdings Limited’s subsidiary, INEOS Finance plc, has initiated an offering of euro and U.S. dollar-denominated senior secured notes due 2029, aiming to raise approximately €2 billion. The proceeds from this financing will serve various purposes, including refinancing … Read the full press release

Wacker Chemie Reports Significant Decline in Sales and Earnings for 2023 Amid Weak Market Conditions

(IN BRIEF) Wacker Chemie AG has announced a substantial year-over-year decline in its 2023 sales and earnings due to a persistently weak market environment. Preliminary figures show the company’s sales dropped by 22 percent to approximately €6.40 billion, primarily attributed … Read the full press release

ABN AMRO Secures €250 Million Financing from EIB to Boost Sustainable Investments for Dutch Businesses

(IN BRIEF) ABN AMRO has successfully secured €250 million in financing from the European Investment Bank (EIB), which will be matched by the bank itself, resulting in a total of €500 million in new loans available to Dutch businesses. This … Read the full press release