Devaluation

EQS-News: Blue Cap AG publishes 2023 annual report and proposes dividend of EUR 0.65 per share

Retrieved on: 
Freitag, Mai 3, 2024

Group revenue in financial year 2023 at EUR 273.3 million, adjusted EBITDA margin of 8.5%

Key Points: 
  • Group revenue in financial year 2023 at EUR 273.3 million, adjusted EBITDA margin of 8.5%
    Munich, 24 April 2024 - Blue Cap AG ("Blue Cap") today confirms the preliminary figures communicated on 13 March with its audited annual figures for the 2023 financial year.
  • Consolidated revenue(1) totalled EUR 273.3 million (previous year: EUR 291.3 million).
  • The operating result (adjusted EBITDA(2)) totalled EUR 23.2 million (previous year: EUR 27.5 million), which corresponds to a margin of 8.5% (previous year: 9.3%) of total operating performance.
  • The NAV as at 31 December 2023 was EUR 112.3 million (31 December 2022: EUR 160.8 million) or EUR 25 per share.

EQS-News: Adler Group with robust operational performance in 2023

Retrieved on: 
Freitag, Mai 3, 2024

By year-end 2023, the rental portfolio amounted to 25,043 units, of which 17,738 units are in the Berlin area.

Key Points: 
  • By year-end 2023, the rental portfolio amounted to 25,043 units, of which 17,738 units are in the Berlin area.
  • The FY 2023 results reflect Adler Group’s successful disposals of portfolio assets, in order to generate liquidity, cover financial maturities and to reposition the portfolio.
  • Commenting the financial performance, Thomas Echelmeyer, CFO of Adler Group, said: “We successfully addressed all our financial obligations due in 2023, secured new financing in a challenging environment and ensured sufficient liquidity.” In the fourth quarter 2023, Adler Group placed €191m of 1.5 lien notes with annual PIK interest amount of 21% due end July 2025.
  • Referring to the outlook for 2024, Thierry Beaudemoulin explained: “2024 has started with a robust operational performance again.

O`KEY GROUP REPORTS AUDITED FINANCIAL RESULTS FOR FY 2023

Retrieved on: 
Freitag, Mai 3, 2024

Group EBITDA was almost flat YoY at RUB 17,026 mln, while EBITDA margin decreased by 0.2 pps YoY to 8.2% in FY 2023.

Key Points: 
  • Group EBITDA was almost flat YoY at RUB 17,026 mln, while EBITDA margin decreased by 0.2 pps YoY to 8.2% in FY 2023.
  • Net finance costs increased by 28.8%, or by RUB 1,625 mln, YoY to RUB 7,267 mln in FY 2023.
  • In FY 2023, net foreign exchange loss amounted to RUB 1,074 mln compared to a RUB 313 mln gain in FY 2022.
  • Consequently, the Group reported a RUB 2,878 mln net loss in FY 2023 compared to the profit of RUB 242 mln in FY 2022.

EQS-News: Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Mittwoch, April 10, 2024

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

Aroundtown SA announces FY 2023 results with strong liquidity and solid operations

Retrieved on: 
Mittwoch, April 10, 2024

Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.

Key Points: 
  • Liquidity balance increased to €3 billion and net debt reduced by €0.9 billion during 2023.
  • Aroundtown (‘the Company’ or ‘AT’) announces results for the year 2023 in the top range of full year guidance, successfully navigating a volatile macroeconomic environment.
  • €1 billion in new bank debt during 2023 from a variety of different banks, utilizing the strong banking relationships.
  • You can find the Consolidated Report for FY 2023 on AT’s website under Investor Relations > Publications > Financial Reports or under this link:

EQS-News: PUMA’s 2023 financial performance impacted by extraordinary Argentine peso devaluation

Retrieved on: 
Dienstag, Januar 30, 2024

Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.

Key Points: 
  • Excluding the extraordinary devaluation of the Argentine peso, PUMA delivered currency-adjusted sales growth above 8%, driven by the continued brand momentum and robust demand for its products.
  • The accounting treatment of the hyperinflationary economy Argentina and its significant devaluation of the Argentine peso mid of December resulted in an extraordinary impact on fourth quarter and financial year results for 2023.
  • Despite the extraordinary devaluation of the Argentine peso, fourth-quarter EBIT was strong with approx.
  • The devaluation of the Argentine peso especially impacted the fourth quarter financial result, resulting in a net income of approx.

XTM Provides Investor Update on QRails Acquisition and Financing

Retrieved on: 
Dienstag, Oktober 31, 2023

XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.

Key Points: 
  • XTM Inc. (“XTM” or the “Company”) (QB: XTMIF / CSE:PAID / FSE:7XT), a Miami, Toronto, Denver and London-based Fintech creator of payment innovation including fully certified Earned Wage Access (EWA) through its QRails AnyDay™ product provided an update today on the QRails acquisition and financing.
  • XTM closed the acquisition XTM Closes QRails Acquisition in August 2023.
  • XTM, as a publicly traded company, faced complexities in bringing together Canadian and U.S. businesses, resulting in six-months to close the transaction.
  • XTM and QRails’ B2B business model results in a low cost of acquisition and the financial leverage of each integration.

THE COUNSELORS OF REAL ESTATE® REVEALS ANNUAL TOP TEN ISSUES AFFECTING REAL ESTATE FOR 2024

Retrieved on: 
Donnerstag, Oktober 5, 2023

CHICAGO, Oct. 5, 2023 /PRNewswire/ -- The Counselors of Real Estate®, a global organization of commercial property advisors, today released its annual report on the Top Ten Issues Affecting Real Estate® for the upcoming year. Since 2012, the report has identified the current and emerging issues Counselors expect to have the most significant influence on real estate. As the real estate industry faces an extraordinary era of unpredictability, the effect of political unrest and global economic health is the leading concern of the 1,000-member organization in its 2024 report, with office occupancy and valuations, the housing shortage and artificial intelligence (AI) rounding out the top four issues.

Key Points: 
  • CHICAGO, Oct. 5, 2023 /PRNewswire/ -- The Counselors of Real Estate®, a global organization of commercial property advisors, today released its annual report on the Top Ten Issues Affecting Real Estate ® for the upcoming year.
  • Since 2012, the report has identified the current and emerging issues Counselors expect to have the most significant influence on real estate.
  • "The Counselors of Real Estate proactively recognizes crucial themes so we can pinpoint trends and note their evolution and subsequent bearing on real estate," said William McCarthy, CRE®, global chair of The Counselors of Real Estate.
  • "This next year will be crucial to real estate with the upcoming election at the local, regional and national level," said McCarthy.

Tingo Group, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Donnerstag, August 31, 2023

Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.

Key Points: 
  • Net revenues of Tingo Group for the second quarter 2023, were $977.2 million, compared to $12.0 million for the second quarter 2022, up 8,072%.
  • Gross profit of Tingo Group for the second quarter 2023, was $346.0 million, compared to gross profit of $2.1 million for the second quarter 2022.
  • Operating profit of Tingo Group for the second quarter 2023, was $181.7 million, compared to a loss of $13.8 million for the second quarter 2022.
  • EBITDA1 of Tingo Group for the second quarter 2023, was $283.1 million, compared to a EBITDA1 Loss of $12.2 million for the second quarter 2022.