LUXEMBURG

EQS-News: Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

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Mittwoch, März 13, 2024
Marketing, Growth, Adjustment, GFG, ANZ, Correction, NMV, Gross margin, Environment, Retail

Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

Key Points: 
  • Correction of a release from 06/03/2024, 08:00 CET/CEST - GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS
    The issuer is solely responsible for the content of this announcement.
  • As a result, we achieved Adjusted EBITDA breakeven in Q4, and maintained a healthy Gross Margin.
  • However, GFG partially offset this volume impact by maintaining growth in Average Order Value, increasing 6.9% in Q4.
  • This guidance reflects ongoing market challenges which have been observed in similar topline trends in the first two months of 2024 compared to Q4 2023.

EQS-News: GLOBAL FASHION GROUP REPORTS Q4 & FY 2023 RESULTS

Retrieved on: 
Mittwoch, März 13, 2024
Marketing, Growth, Adjustment, GFG, ANZ, NMV, Gross margin, Environment

Luxembourg, 6 March 2024 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, demonstrated resilience in executing its strategic initiatives amidst market headwinds to achieve breakeven Adjusted EBITDA and a Gross Margin improvement in Q4.

Key Points: 
  • Luxembourg, 6 March 2024 - Global Fashion Group S.A. (“GFG”), the leading online fashion and lifestyle destination in LATAM, SEA and ANZ, demonstrated resilience in executing its strategic initiatives amidst market headwinds to achieve breakeven Adjusted EBITDA and a Gross Margin improvement in Q4.
  • As a result, we achieved Adjusted EBITDA breakeven in Q4, and maintained a healthy Gross Margin.
  • However, GFG partially offset this volume impact by maintaining growth in Average Order Value, increasing 6.9% in Q4.
  • This guidance reflects ongoing market challenges which have been observed in similar topline trends in the first two months of 2024 compared to Q4 2023.

EQS-News: Logwin 2023 with satisfactory development in a difficult market environment

Retrieved on: 
Mittwoch, März 13, 2024
Corporate social responsibility, Atmosphere, ESMA, CSR, Sale, Atmosphere of Earth, EUR, Annual, Lithium

Grevenmacher (Luxembourg) – The Logwin Group achieved a satisfactory revenue and earnings performance in 2023 in a difficult market environment.

Key Points: 
  • Grevenmacher (Luxembourg) – The Logwin Group achieved a satisfactory revenue and earnings performance in 2023 in a difficult market environment.
  • At EUR 91.7m, the operating result (EBITA) in the 2023 financial year was below the previous year (2022: EUR 120.1m) as well.
  • By contrast, the Logwin Group's net result increased to EUR 80.2m thanks to an improved financial result and the reassessment of deferred tax assets.
  • The Logwin Group recorded a cash inflow from operating activities of EUR 107.9m (2022: EUR 169.6m).

EQS-News: H2APEX meets forecast for the fiscal year 2023 and expects revenue to more than double in 2024

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Mittwoch, März 13, 2024
CFO, Investment, Growth, Sale, Annual report, EUR, Automation, EPC, WKN, Lithium

For the current fiscal year 2024, the company expects its growth course to continue and to more than double its revenue from the previous year to EUR 35 million to EUR 40 million.

Key Points: 
  • For the current fiscal year 2024, the company expects its growth course to continue and to more than double its revenue from the previous year to EUR 35 million to EUR 40 million.
  • In the past fiscal year, we successfully ramped up our business and met our revenues forecast.
  • Accordingly, we plan to achieve positive operating cash flow as early as the coming fiscal year and positive adjusted EBITDA in 2026.
  • H2APEX will publish the final figures and the annual report for the 2023 fiscal year on April 30, 2024.

EQS-News: Adler Group S.A.: Chairman of the Board of Directors Stefan Kirsten resigns from office for health reasons

Retrieved on: 
Mittwoch, März 13, 2024
Health, AGM, Trust, Annual, Management

• Prof Dr A. Stefan Kirsten: Adler Group is stabilised and can determine its own future, albeit in an extremely difficult market environment.

Key Points: 
  • • Prof Dr A. Stefan Kirsten: Adler Group is stabilised and can determine its own future, albeit in an extremely difficult market environment.
  • • New Chairman Stefan Brendgen: Due to Stefan Kirsten's tireless efforts, Adler Group could be stabilised over the last years.
  • Luxembourg 19 February 2024 – Prof Dr A. Stefan Kirsten resigns from his office as Chairman of the Board of Directors of Adler Group S.A. with immediate effect for health reasons and is leaving the Board.
  • Stefan Brendgen, member of the Board, will assume the office of Chairman of the Board of Directors with immediate effect.

Grand City Properties S.A. announces FY 2023 results with robust operational growth and stable LTV

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Mittwoch, März 13, 2024
FFO, EPRA, Growth, GCP, LTV, Grand City Properties, Financial statement, Risk, Acceleration, FY, Publication, Bank statement, Environment, Security (finance)

Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.

Key Points: 
  • Adjusted EBITDA of €320 million in FY 2023, higher by 4% as compared to €308 million in FY 2022.
  • EPRA LTV (considering perpetual notes as debt) as of December 2023 is 48%, up from 46% in December 2022 due to negative property revaluation.
  • Luxembourg, March 13, 2024 – Grand City Properties S.A. (“GCP” or the “Company”) announces results for the financial year 2023 with robust operational performance, strong liquidity position and conservative financial leverage maintained.
  • In 2023, GCP continued its proactive approach of strengthening liquidity, reducing refinance risk and maintaining a conservative financial profile with stable LTV ratio.

EQS-News: CPI PROPERTY GROUP – Hotels joint venture and stake sale

Retrieved on: 
Mittwoch, März 13, 2024
Partnership, CEE, CPI, Sale, BHP

CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce the sale of a 50% stake in a subsidiary owning a portfolio of eight hotel properties in the Czech Republic, along with the signing of a joint venture agreement with Best Hotel Properties (“BHP”).

Key Points: 
  • CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce the sale of a 50% stake in a subsidiary owning a portfolio of eight hotel properties in the Czech Republic, along with the signing of a joint venture agreement with Best Hotel Properties (“BHP”).
  • The joint venture includes many of the Group’s hotel properties in the Czech Republic, including Clarion Congress Hotel Prague, Mamaison Residence Downtown Prague, and Comfort Hotel Prague City East, among others, as well as CPI Hotels a.s., the hotels operator.
  • The gross transaction value was approximately €347 million, for which a 50% stake totals c.€173 million.
  • CPIPG and BHP entered into a long-term joint venture agreement to manage the investment, where CPI Hotels will continue to operate these hotels.

EQS-News: Larissa Esser Assumes Role as Managing Director at IPO sponsor SMG Holding

Retrieved on: 
Mittwoch, März 13, 2024
IPO, Growth, JLL, SMG, Security (finance)

Luxembourg, March 5, 2024 – SMG Holding, an IPO sponsor and investor focussed on the European medium-sized business sector, is pleased to announce the appointment of Larissa Esser to a new key role within the organization.

Key Points: 
  • Luxembourg, March 5, 2024 – SMG Holding, an IPO sponsor and investor focussed on the European medium-sized business sector, is pleased to announce the appointment of Larissa Esser to a new key role within the organization.
  • Larissa Esser’s main focus will be on the hospitality and real estate strategy, where she brings a wealth of experience, network and a proven track record of success to her new position, making her a valuable addition to the SMG Holding team.
  • Dr. Stefan Petrikovics, CEO of SMG Holding, comments: “With Larissa’s background in hospitality, real estate investment banking and property brokerage worldwide with firms including Eastdil Secured, JLL and NH Hotels, she is well-equipped to drive SMG Holding's strategic priorities forward.
  • "I am beyond excited to take on this new challenge and contribute to the accelerated growth of SMG Holding," said Larissa Esser.

EQS-News: HomeToGo to Announce Full Year 2023 Financial Results and 2024 Outlook on 26 March 2024

Retrieved on: 
Mittwoch, März 13, 2024
CFO, Interest, Q&A, Frankfurt Stock Exchange, HTG, Broadcasting

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • Luxembourg, 13 March 2024 - HomeToGo SE (Frankfurt Stock Exchange: HTG) will publish its financial results for the full year and fourth quarter of 2023 (ending 31 December 2023) and its outlook for 2024 at 7:00 am CET on 26 March 2024.
  • Dr. Patrick Andrae, Co-founder and CEO, and Steffen Schneider, CFO, will present the full year results and the outlook in a conference call at 10:00 am CET, followed by a Q&A session for research analysts and investors.
  • The presentation will be held via a live audio webcast, and will be in English, hosted at: https://www.webcast-eqs.com/hometogo-2023-fy
    Interested participants can register in advance for the conference call - with the opportunity to take part in the Q&A session - at the following address: https://services.choruscall.it/DiamondPassRegistration/register?confirma...
    Following the call, a recording of the audio webcast will be made available on HomeToGo's Investor Relations website: ir.hometogo.de .

EQS-News: Befesa delivered €182m adjusted EBITDA despite a persistently challenging year 2023

Retrieved on: 
Mittwoch, März 13, 2024
EV, Zinc, LTIR, Growth, ESG, LME, Hazardous waste, Steel Dust, Health, Safety, Steel, AGM, Policy, Electricity, EPS, EAF, TC, Beauty salon

The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.

Key Points: 
  • The recycled volumes of aluminium salt slags increased by 12% to 361 kt in 2023, with an average capacity utilisation of around 77%.
  • On base metal prices, zinc LME prices were persistently low compared to the prior year and averaged €2,450 per tonne in 2023 (-26% yoy).
  • Further information on ESG at Befesa during 2023 will be provided in the Befesa ESG Report 2023, which will be published in June 2024.
  • Despite the current market challenges, Befesa recognises a significant growth opportunity in China and maintains a positive midterm outlook.