Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 JUNE 2024 AT 1:10 P.M. (EEST) Cargotec updates its outlook for 2024 due to the completion of the Kalmar demerger Cargotec Corporation (“Cargotec”) announced on 26 June 2024 that Cargotec’s Board of Directors has decided to complete the partial demerger of Cargotec (the “Demerger”) and that the completion of the Demerger and the incorporation of Kalmar as a separate new company would be registered on 30 June 2024. Cargotec updates its outlook for 20...
Cargotec has decided to complete the partial demerger of Cargotec; trading in Kalmar’s class B shares is expected to commence on 1 July 2024 CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 JUNE 2024 AT 1:00 P.M. (EEST) Cargotec has decided to complete the partial demerger of Cargotec; trading in Kalmar’s class B shares is expected to commence on 1 July 2024 The Board of Directors of Cargotec Corporation (“Cargotec”) has today decided to notify the Finnish Trade Register of the completion of the partial demerger of Cargotec (the “Demerger”) so that the completion of the Demerg...
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 25 Selskabsmeddelelse nr. 42 Spar Nord offentliggjorde i selskabsmeddelelse nr. 10 2024 et aktietilbagekøbsprogram på op til 500 mio. kr. Aktietilbagekøbet blev indledt 12. februar 2024. Aktietilbagekøbet sker med henblik på at nedsætte bankens aktiekapital med de under programmet købte aktier, og foretages i henhold til EU-Kommissionens forordning nr. 596/2014 af 16. april 2014 (”Markedsmisbrugsforordningen”). Under aktietilbagekøbsprogrammet er der i foregående uge gennemført følgende transaktioner: Antal AktierGe...
Share buybacks in Spar Nord Bank – transactions in week 25 Company announcement no. 42 In company announcement no. 10 2024, Spar Nord announced a share buyback programme of up to DKK 500 million. The share buyback was initiated on 12 February 2024. The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”). In last week the following transactions were made under the share buyback programme. Number of sharesAverage purc...
We forecast Q2 EBITDA of NOK1,057m, up 2% YOY, driven by a slight improvement in Silicones’ margins. Despite lowering our 2024–2025e Si and FeSi prices by 1–4% due to a decline in silicon metal prices over past months, we have raised our 2025–2026e EPS by 2% on improvements in Silicones and Carbon Solutions. We reiterate our HOLD and NOK20 target price, as we continue to see challenging conditions due to excess supply of silicones with depressed prices. The results are due at 07:00 CET on 12 Jul...
AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C: target price of £0.65 per share: Flow rate of high impact horizontal well above expectations – The first CN Horizontal well (CNB HZ-1) from the Carrizales Norte B pad has been on production since 14 June at a rate of 3,150 bbl/d (~1.6 mbbl/d net) with less than 1% water cut while still recovering load fluid. The flow rate is currently constrained with the ESP operating on the minimum setting. The flow ra...
Today, the Norwegian Offshore Directorate (NOD) published preliminary NCS production figures for May and field-by-field data for April. May production was ~3% above NOD’s prognosis, but down c7% MOM due to higher maintenance-related activities. We highlight that Johan Sverdrup’s water cut continues to edge higher, standing at 16% in April (up 1%-point from March). On a company-specific basis, April production for both Aker BP and Vår Energi was relatively stable MOM and remains within (Vår Energ...
>Q2 2024e: the last difficult quarter - For Q2 2024, we expect sales to decline -6.3% on an organic basis (vs -7.3% previously and -5% for the consensus), including a price effect of +1.1% and a volume effect of 7.4%. For Q2, the group is targeting a mid-single-digit decline in organic sales. For the Industrial division, we anticipate a decline of -6% in Q2, which should mark the end of: i/ the destocking phase at a number of OEMs and ii/ the negative impact of...
>T2 2024e : dernier trimestre compliqué - Pour le T2 2024, nous anticipons un recul organique du CA de -6.3% (vs -7.3% précédemment et -5% attendu par le consensus), incluant +1.1% d’effet prix et -7.4% pour les volumes. Le groupe vise pour le T2 une baisse organique du CA « mid single digit ». Pour la division Industrial, nous anticipons un recul de -6% lors du T2 qui devrait marquer la fin : i/ de la phase de déstockage chez certains OEMs et ii/ de l’impact né...
Spar Nord opjusterer finansielle forventninger Selskabsmeddelelse nr. 41 Spar Nord hæver forventningerne for årets basisindtjening før nedskrivninger til 2.600-3.000 mio. kr. og for resultat efter skat til 1.950-2.250 mio. kr. I årsrapporten for 2023 udtrykte Spar Nord en forventning til basisindtjeningen før nedskrivninger for hele 2024 på 2.400-2.900 mio. kr., mens årets nettoresultat forventedes at blive i niveauet 1.700-2.100 mio. kr. Primært på baggrund af højere nettorenteindtægter, herunder en højere markedsrente end forventet ved indgangen til året, opjusterer Spar Nord sin ...
Spar Nord upgrades its financial guidance Company announcement no. 41 Spar Nord upgrades its full-year guidance for core earnings before impairment to DKK 2,600-3,000 million and for profit after tax to DKK 1,950-2,250 million. In its 2023 Annual Report, Spar Nord guided for full-year 2024 core earnings before impairment of DKK 2,400-2,900 million and profit after tax in the DKK 1,700-2,100 million range. Primarily on the back of higher net interest income, including higher market rates than expected going into 2024, Spar Nord upgrades its full-year guidance for core earnings before...
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