Tag Archives: Financial

SIX Reports Strong Operational Performance Despite Non-Cash Value Adjustments

(IN BRIEF) Despite facing significant non-cash value adjustments, SIX concluded 2023 with a robust operating result, reflecting a 3.5% growth in total operating income and a 6.7% increase in EBITDA. The company’s diversified business model propelled operational success across various … Read the full press release

Swiss Re Proposes New Chairman and Enhances Board Composition Ahead of AGM

(IN BRIEF) Swiss Re has announced its proposals for its upcoming Annual General Meeting (AGM) on April 12, 2024, including the re-election of Jacques de Vaucleroy as a Board member and his election as Chairman, along with the nomination of … Read the full press release

Nagarro Reports 6.5% Year-on-Year Revenue Growth for 2023, Despite Moderation in Gross Profit and Adjusted EBITDA

(IN BRIEF) Nagarro, a global digital engineering leader, announced its preliminary unaudited financial numbers for the full year ending December 31, 2023. Despite achieving a revenue growth of 6.5% year-on-year, reaching €912.0 million, the company faced challenges in gross profit … Read the full press release

Volkswagen Group’s Robust Financial Results Set Stage for Accelerated Transformation in 2024

(IN BRIEF) Despite facing challenging conditions in 2023, Volkswagen Group achieved robust financial results, showcasing its resilience and adaptability. With a strong focus on electrification and a flexible product strategy, the Group successfully met customers’ needs globally. The year also … Read the full press release

LEGO Group Reports Resilient Growth Amidst Challenging Toy Market: 2023 Financial Overview

(IN BRIEF) The LEGO Group announced its full-year earnings for 2023, showcasing a two percent revenue growth to DKK 65.9 billion despite a tough toy market environment. Operating profit stood solid at DKK 17.1 billion, reflecting accelerated investments in strategic … Read the full press release

Ørsted Successfully Concludes Tender Offer for Hybrid Capital Securities

(IN BRIEF) Ørsted A/S has finalized its invitation to holders of its EUR 500,000,000 2.25% green hybrid capital securities due in 3017 to tender their securities for purchase by Ørsted for cash. With EUR 249,544,000 in aggregate principal amount of … Read the full press release

Shell Announces Dividend Payments for Fourth Quarter 2023

(IN BRIEF) The Board of Shell plc has disclosed the dividend payments for the fourth quarter of 2023, which were initially announced on February 1, 2024. Shareholders had the option to receive dividends in US dollars, euros, or pounds sterling, … Read the full press release

Aviva Unveils Insights into Women’s Investment Habits and Launches Tailored Guidance with ‘NextDefense’

(IN BRIEF) Aviva has released findings shedding light on women’s investment behaviors, revealing that while most women engage in regular saving and investing, many still face barriers to investment. The study indicates that women tend to prioritize easy access to … Read the full press release

NatWest Regional PMI® Survey: UK Business Activity Grows, Confidence Improves

(IN BRIEF) The latest NatWest Regional PMI® survey reveals that business activity expanded across most UK regions in February, accompanied by an uptick in business confidence fueled by rising demand. While regions such as London saw robust growth, others like … Read the full press release

BP Announces Early Tender Results for $1.3 Billion Cash Tender Offer

(IN BRIEF) BP p.l.c. (“BP”) disclosed the early tender outcomes for its cash tender offer conducted by its wholly-owned subsidiary BP Capital Markets p.l.c. to purchase for cash any validly tendered and accepted Notes, up to an aggregate principal amount … Read the full press release

Shell Announces Dividend Payments for Q4 2023 in Multiple Currencies

(IN BRIEF) Shell plc’s Board has disclosed the dividend payments for the fourth quarter of 2023, which was announced earlier at US$0.344 per ordinary share. Shareholders were given the option to receive their dividends in US dollars, euros, or pounds … Read the full press release

Husqvarna Group Boosts Green Initiatives with Successful SEK 1,750 Million Bond Placement

(IN BRIEF) Husqvarna Group, a leading manufacturer of outdoor power products, announces the successful placement of a SEK-denominated green bond worth 1,750 million over a 3-year term. The bond issuance, conducted under the company’s Medium Term Note Program, signifies Husqvarna … Read the full press release

Basilea Pharmaceutica Celebrates Milestone Payment as Cresemba® Sales Soar in Asia Pacific and China

(IN BRIEF) Basilea Pharmaceutica Ltd (SIX: BSLN) announced a significant milestone with a USD 1.25 million payment triggered by the robust sales performance of its antifungal medication, Cresemba® (isavuconazole), in the Asia Pacific region and China by its license partner … Read the full press release

FI Mortgage Report Highlights Strain on Households Amidst Economic Recession

(IN BRIEF) The Finansinspektionen (FI) mortgage report released reveals the ongoing pressure faced by Swedish households, exacerbated by rising interest rates and other expenses amidst a recessionary economy. The report indicates a significant decline in new mortgagors compared to previous … Read the full press release

ING Releases 2023 Annual Report Highlighting Resilience and Sustainability Commitments

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

(IN BRIEF) ING has published its 2023 Annual Report, offering stakeholders an overview of its strategy, business activities, and performance throughout the year. Despite facing numerous challenges such as geopolitical tensions, economic shocks, and climate-related disasters, ING has navigated successfully … Read the full press release

Allianz Trade Launches Comprehensive Payment Solutions for B2B E-commerce with Allianz Trade Pay

(IN BRIEF) Allianz Trade has introduced Allianz Trade Pay, a suite of services tailored to the needs of B2B e-commerce activities. This new offering encompasses various solutions, including trade credit insurance, fraud protection, digital buyer onboarding, and instant financing through … Read the full press release

Vienna Stock Exchange Facilitates Continuous Trading of Austrian Government Bonds, Enhancing Investor Accessibility

(IN BRIEF) A milestone development has unfolded as Austrian government bonds become continuously tradable on the Vienna Stock Exchange, allowing investors to engage in buying and selling activities throughout trading hours. Market makers such as Erste Group and Raiffeisen Bank … Read the full press release

Henkel Achieves Robust Growth and Strategic Advancements Amid Challenging Market Conditions

(IN BRIEF) Henkel reports strong business performance for 2023, with sales reaching 21.5 billion euros and a significant increase in operating profit (EBIT) by 10.2 percent, alongside other notable achievements. The company’s purposeful growth agenda, including the accelerated merger of … Read the full press release

BBVA Launches €781 Million Share Buyback Program as Part of Shareholders’ Distributions

(IN BRIEF) BBVA is set to commence a new share buyback program on Monday, March 4th, amounting to €781 million, following approval from the European Central Bank. This buyback, constituting part of the regular distributions for 2023, is a component … Read the full press release

Generali Completes Disposal of TUA Assicurazioni to Allianz

(IN BRIEF) Generali has finalized the sale of TUA Assicurazioni S.p.A. to Allianz, in line with the company’s strategic objectives outlined in its “Lifetime Partner 24: Driving Growth” strategy in Italy. This move aims to drive profitable growth, streamline operations … Read the full press release

Allianz Completes Acquisition of Tua Assicurazioni from Assicurazioni Generali

(IN BRIEF) Allianz S.p.A. has finalized the acquisition of Tua Assicurazioni S.p.A. from Assicurazioni Generali S.p.A. for 280 million euros, as previously announced on October 12, 2023. With regulatory approvals secured, Allianz anticipates a 1-percentage-point increase in its P/C market … Read the full press release

Fugro Reports Robust Growth and Enhanced Profitability in 2023, Unveils Strategic Expansion Plans

(IN BRIEF) Fugro, a global leader in geo-data solutions, announces a strong performance in 2023 with notable revenue growth of 27.5% to EUR 2.2 billion, propelled by heightened client demand in energy markets. The company demonstrates significant improvement across all … Read the full press release

KPN’s Integrated Annual Report 2023: Advancing Connected Growth and Sustainability

(IN BRIEF) KPN unveils its Integrated Annual Report 2023 titled “Connected Growth,” highlighting a year of significant achievements and strategic advancements. The report emphasizes KPN’s commitment to expanding digital connectivity across the Netherlands, with notable growth in all segments and … Read the full press release

Beiersdorf AG Achieves Record Sales of €9.5 Billion in 2023, Driven by Double-Digit Growth in Consumer Segment

(IN BRIEF) Beiersdorf AG, a global leader in skincare, has reported exceptional financial results for fiscal year 2023, with group sales reaching a record high of €9.5 billion, marking a significant organic increase of 10.8%. The Consumer Business Segment experienced … Read the full press release

Outokumpu Oyj repurchased 71,000 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded its share repurchase program, acquiring a total of 71,000 of its own shares across trading venues CEUX and XHEL. The company initiated the buyback program on November 29, 2023, … Read the full press release

ANDRITZ Reports Record-Breaking Financial Performance for 2023, Projects Growth in 2024

(IN BRIEF) International technology conglomerate ANDRITZ has announced unprecedented financial achievements for the fiscal year 2023, marking a second consecutive year of record highs. The company reported a remarkable surge in revenue, net income, and EBITA, reaching 8.7 billion EUR, … Read the full press release

Schroders Tops Forest 500 Assessment for Second Consecutive Year, Urgent Action Needed on Deforestation

(IN BRIEF) Schroders celebrates its recognition as the leading financial institution in Global Canopy’s Forest 500 annual assessment, reaffirming its commitment to addressing deforestation in investment operations and supply chains. The report, evaluating companies and financial institutions across key commodities, … Read the full press release

San Francisco Retains Top Spot in Schroders’ Global Cities Index, London Climbs to Second Place

(IN BRIEF) San Francisco maintains its leading position in Schroders’ Global Cities Index for the second consecutive year, driven by the resilience of its tech sector despite social challenges. London ascends to second place, surpassing its 2023 ranking, despite slower … Read the full press release

Ahold Delhaize Releases 2023 Annual Report: Demonstrates Resilience and Commitment to Sustainability

(IN BRIEF) Ahold Delhaize unveils its 2023 Annual Report, highlighting its financial and non-financial performance amidst challenging circumstances. The report underscores the company’s dedication to creating value for customers and communities while advancing towards a healthier and sustainable food system. … Read the full press release

Uniper Achieves Exceptional Financial Success in 2023, Anticipates Lower Earnings in 2024

(IN BRIEF) Uniper reports outstanding financial results for the 2023 fiscal year, with adjusted EBIT reaching €6,367 million, a significant improvement from the previous year. The company’s strategic hedging transactions and operational enhancements contributed to this success, particularly in its … Read the full press release

Infineon Enhances Growth Strategy with Streamlined Sales Organization

(IN BRIEF) Infineon Technologies AG is embarking on a path of ambitious growth by revamping its sales organization structure, effective from March 1. The restructuring will see the sales team organized into three customer-centric Sales Segments: “Automotive”, “Industrial & Infrastructure”, … Read the full press release

Holcim Surpasses Expectations with Record-Breaking 2023 Results, Achieving Strategy 2025 Milestones Ahead of Schedule

(IN BRIEF) Holcim, a global leader in building materials, has reported stellar financial results for the full year of 2023, with net sales reaching CHF 27.009 billion and recurring EBIT hitting CHF 4.76 billion. These figures represent an organic growth … Read the full press release

Outokumpu Oyj repurchased 60,404 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 60,404 of its own shares across various trading venues, amounting to EUR 249,067.53. This move follows the announcement of a share buyback program of up to 11 … Read the full press release

EQT Private Capital Asia Completes Block Trade, Exits Stake in India’s CMS Info Systems

(IN BRIEF) EQT Private Capital Asia has finalized the sale of its remaining 26.7 percent stake in CMS Info Systems Limited, India’s foremost cash management company, through a USD 187 million block trade. During EQT’s ownership, CMS strengthened its market … Read the full press release

Outokumpu Oyj repurchased 543,921 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has concluded its share repurchase program, acquiring a total of 543,921 of its own shares across various trading venues. This initiative, part of a larger buyback program announced in November 2023, aimed to repurchase up to 11 … Read the full press release

BP Announces Cash Tender Offer for Notes

(IN BRIEF) BP p.l.c. has initiated a cash tender offer through its subsidiary, BP Capital Markets p.l.c., to acquire any validly tendered and accepted Notes issued by the Offeror, up to an aggregate principal amount of $1,000,000,000. The Tender Offer, … Read the full press release

AXA Launches Tender Offer for Subordinated Notes in Debt Optimization Move

(IN BRIEF) AXA has initiated an any and all cash tender offer for two series of its subordinated notes, including the GBP 350,000,000 Fixed to Floating Rate Undated Deeply Subordinated Notes issued on July 6, 2006, and the GBP 723,925,000 … Read the full press release

Infineon Technologies AG Initiates Share Buyback Program for Employee Participation

(IN BRIEF) Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) has announced its decision, approved by the Supervisory Board, to acquire up to 7,000,000 shares via the stock exchange, with a total purchase price of up to €300 million. The … Read the full press release

Outokumpu Oyj repurchased 267,107 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu finalized its share repurchase program on February 23, 2024, acquiring a total of 267,107 of its own shares across various trading venues. The company’s buyback initiative, initiated on November 29, 2023, aimed to repurchase a maximum of … Read the full press release

Wolters Kluwer Earns HousingWire’s 2024 Tech100 Mortgage Award for Compliance Solutions Excellence

(IN BRIEF) Wolters Kluwer Compliance Solutions has been honored with the HousingWire 2024 Tech100 Mortgage Award, recognizing its innovative contributions to the U.S. mortgage industry. The award highlights Wolters Kluwer’s leadership in loan compliance technology and services, facilitating compliance certainty, … Read the full press release