AAA

EQS-News: Successful completion of a record year for Redcare Pharmacy: growth 49%, adj. EBITDA margin up 3.7pp to 3%; guidance achieved in all its elements.

Retrieved on: 
Mercredi, mars 13, 2024

Successful completion of a record year for Redcare Pharmacy: growth 49%, adj.

Key Points: 
  • Successful completion of a record year for Redcare Pharmacy: growth 49%, adj.
  • EBITDA margin 3% for full year 2023, +3.7pp vs. 2022, with major improvements in both DACH and International segments.
  • Full-year guidance for 2024: continuation of both fast sales growth (30-40%) and solidly positive margins (adj.
  • Following positive margins in all four quarters, (iii) the adjusted EBITDA margin for the full year was 3% (guidance range of 1.5% to 3%).

stc Group and Ludium Lab partner to expand cloud gaming services in Saudi Arabia

Retrieved on: 
Mercredi, mars 13, 2024

stc Group, a global leader in digital transformation and Ludium Lab, the top streaming and virtualization technology provider, today announced the launch of the Sora Stream cloud gaming solution in Saudi Arabia.

Key Points: 
  • stc Group, a global leader in digital transformation and Ludium Lab, the top streaming and virtualization technology provider, today announced the launch of the Sora Stream cloud gaming solution in Saudi Arabia.
  • This collaboration demonstrates stc Group commitment to providing its users with innovative and high-value products that enhance their digital experiences.
  • "We appreciate stc Group’s confidence in our technology and its future development, and we are very proud to offer our cloud gaming solution in Saudi Arabia", says Juan José Martín, CEO of Ludium Lab.
  • "The latest updates to our platform offer potential stc Group users the possibility to enjoy cloud gaming, which is already a reality".

EQS-News: Strong financial year 2023: KION more than doubles adjusted EBIT and margin with outstanding free cash flow

Retrieved on: 
Mercredi, mars 13, 2024

The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).

Key Points: 
  • The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).
  • Following a loss in the previous financial year, the Supply Chain Solutions segment achieved a positive adjusted EBIT margin of
    1.5 percent with an adjusted EBIT of € 44.3 million (2022: € -45.6 million).
  • Free cash flow in 2024 will be in positive territory in line with the expected healthy financial performance but will be below the high free cash flow of the previous year.
  • Adjusted EBIT for ITS is expected to improve to between € 850 million and € 950 million with a double-digit adjusted EBIT margin.

Portal Announces Binance Listing: Revolutionizing Gaming with Web3

Retrieved on: 
Mercredi, février 28, 2024

Ecosystem token, $PORTAL, will be listed on the dominant global powerhouse exchange, Binance, on Thursday February 29, at 10am UTC.

Key Points: 
  • Ecosystem token, $PORTAL, will be listed on the dominant global powerhouse exchange, Binance, on Thursday February 29, at 10am UTC.
  • Portal is onboarding one billion gamers into a fully interoperable ecosystem that redefines the gaming experience.
  • $PORTAL listing on Binance is the first step in this journey, a landmark moment in a history of gaming stretching back to the 1980s.
  • eSports is a pivotal pillar in Portal’s mission to change the way the mainstream gaming world interacts with Web3 gaming.

Shape Memory Medical Completes $38 Million in Financing to Advance Endovascular Embolization

Retrieved on: 
Lundi, mars 4, 2024

Shape Memory Medical Inc., developer of custom shape memory polymers for endovascular markets, announced today that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus LLC, and Emergent Medical Partners II, L.P..

Key Points: 
  • Shape Memory Medical Inc., developer of custom shape memory polymers for endovascular markets, announced today that it has completed $38 million in Series C financing led by Earlybird Venture Capital and with the participation of new and existing investors, including HBM Healthcare Investments (Cayman) Ltd., WexMed II LLC, HBM-Medfocus LLC, and Emergent Medical Partners II, L.P..
    “With this financing, we are well positioned to accelerate the clinical and market development of shape memory polymer technology for aortic and peripheral vascular markets,” said Ted Ruppel, president and CEO of Shape Memory Medical.
  • “The funds will support the execution of the AAA-SHAPE Pivotal Trial, a randomized controlled study comparing EVAR plus sac management with IMPEDE-FX RapidFill to stand-alone EVAR.
  • The Company’s proprietary shape memory polymer is a low-density, porous embolic material that is crimped for catheter delivery and self-expands upon contact with blood for rapid conversion to organized thrombus.
  • Thom Rasche, Partner at Earlybird Venture Capital and the newest addition to the Shape Memory Medical Board commented, “Shape Memory Medical’s approach to embolization is highly differentiated.

KBRA Assigns AAA, Stable Outlook to State of Wisconsin Transportation Revenue Bonds

Retrieved on: 
Vendredi, mars 1, 2024

KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2024 Series 2 to be issued by the State of Wisconsin (the State).

Key Points: 
  • KBRA assigns a long-term AAA rating with a Stable Outlook to the Transportation Revenue Refunding Bonds, 2024 Series 2 to be issued by the State of Wisconsin (the State).
  • Concurrently, KBRA affirms the long-term AAA rating with a Stable Outlook on approximately $1.5 billion of outstanding Transportation Revenue Bonds (TRBs).
  • TRBs are secured by a first lien pledge of Program Income, including vehicle Registration Fees and Other Registration-Related fees.
  • The rating actions reflect the following key credit considerations:
    Steady growth in pledged revenues, aided by proactive legislative rate adjustments, enables strong MADS coverage.

AM Best Affirms Credit Ratings and Assigns National Scale Rating to ICICI Lombard General Insurance Company Limited

Retrieved on: 
Vendredi, mars 1, 2024

AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of ICICI Lombard General Insurance Company Limited (ICICI Lombard) (India).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of ICICI Lombard General Insurance Company Limited (ICICI Lombard) (India).
  • Concurrently, AM Best has assigned the India National Scale Rating (NSR) of aaa.IN (Exceptional) to ICICI Lombard.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

Aqara Kicks off Smart Lock U200 Crowdfunding Campaign

Retrieved on: 
Mardi, février 27, 2024

Aqara, a leading provider of smart home solutions, is excited to initiate the crowdfunding campaign for its latest home access solution, the Smart Lock U200, on Kickstarter .

Key Points: 
  • Aqara, a leading provider of smart home solutions, is excited to initiate the crowdfunding campaign for its latest home access solution, the Smart Lock U200, on Kickstarter .
  • Aqara is also working to add the HomeKey support to the U200 lock, which allows iOS users to unlock by simply tapping a compatible iPhone and Apple Watch.
  • As an integral part of a connected home, the U200 smart lock seamlessly works with other smart home accessories, allowing users to create a fully automated and customized smart home experience.
  • The Aqara Smart Lock U200 is now available for pre-order on Kickstarter at https://www.kickstarter.com/projects/aqara-u200/smartlock for those looking to be among the first to explore the latest in home access technologies.

GoldenTree Asset Management Announces Closing of $449 Million CLO Under GLM Strategy

Retrieved on: 
Lundi, février 26, 2024

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.

Key Points: 
  • GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $449 million collateralized loan obligation (“CLO”) to be managed by GLM III.
  • With the closing of this CLO, GoldenTree Loan Management US CLO 19 (“GLM US CLO 19”), GoldenTree has issued 25 CLOs totaling over $14 billion under its GLM CLO strategy.
  • Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations.
  • GLM US CLO 19 will initially be backed by a 96% ramped $434 million portfolio of primarily senior secured loans as of closing and will have a five-year reinvestment period and a two-year non call period.

Lenovo Group: Third Quarter Results 2023/24

Retrieved on: 
Jeudi, février 22, 2024

To further build its unique position in the AI-era, Lenovo is continuing its investment commitments in innovation.

Key Points: 
  • To further build its unique position in the AI-era, Lenovo is continuing its investment commitments in innovation.
  • IDG delivered a strong quarter with revenue resuming growth thanks to a clear strategy, consistent investment in innovation, and operational excellence.
  • Lenovo has a unique opportunity to develop a fully unified AI experience that spans users’ digital ecosystems, including PC, tablets, and smartphones.
  • Lenovo has been recognized for several ESG achievements over the past quarter, including:
    Maintaining the highest possible score in the annual MSCI ESG ratings with a AAA rating.