Forecasting

EQS-News: Fiscal year 2023: FORVIA HELLA increases sales and improves profitability

Retrieved on: 
Wednesday, April 10, 2024

Accordingly, Group-wide sales in the fiscal year 2023 increased by 12.7 percent to €8.1 billion on a currency-adjusted basis compared to the previous year.

Key Points: 
  • Accordingly, Group-wide sales in the fiscal year 2023 increased by 12.7 percent to €8.1 billion on a currency-adjusted basis compared to the previous year.
  • Taking exchange rate effects into account, reported sales improved by 10.3 percent to €8.0 billion (calendar year 2022: €7.2 billion1).
  • For the fiscal year 2024 (1 January to 31 December 2024), FORVIA HELLA expects to generate currency and portfolio-adjusted Group sales of between around €8.1 and 8.6 billion.
  • The annual report for fiscal year 2023 is now available on the website of HELLA GmbH & Co. KGaA .

EQS-News: 2023 financial year: ElringKlinger records improved earnings and high nomination volume for e-mobility applications

Retrieved on: 
Wednesday, April 10, 2024

This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."

Key Points: 
  • This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."
  • In the financial year just ended, the Group managed to increase revenue by 2.7% to EUR 1,847.1 million (2022: EUR 1,798.4 million).
  • Thus, net income attributable to shareholders of ElringKlinger AG amounted to EUR 39.3 million in 2023 (2022: EUR -89.1 million).
  • This will be driven in particular by the high volume of nominations that ElringKlinger received for e-mobility applications in 2023."

EQS-News: secunet Security Networks AG: Audited annual financial statements and annual report for 2023 and forecast for 2024

Retrieved on: 
Wednesday, April 10, 2024

[Essen / Germany, 22 March 2024] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), Germany's leading cybersecurity company and IT security partner of the Federal Republic of Germany, today published its audited annual financial statements and annual report for 2023 as well as its forecast for 2024.

Key Points: 
  • [Essen / Germany, 22 March 2024] secunet Security Networks AG (ISIN DE0007276503, WKN 727650), Germany's leading cybersecurity company and IT security partner of the Federal Republic of Germany, today published its audited annual financial statements and annual report for 2023 as well as its forecast for 2024.
  • secunet Group's earnings before interest and taxes (EBIT) amounted to 43.0 million euros in the 2023 financial year (previous year: 47.0 million euros).
  • In the 2023 financial year, secunet Group generated consolidated net income for the period of 29.0 million euros (previous year: 31.3 million euros).
  • The net income of secunet Security Networks AG under German commercial law amounted to 30.5 million euros (previous year: 36.9 million euros).

EQS-News: Fiscal year 2023: Profitability and cash flow exceeded expectations

Retrieved on: 
Wednesday, April 10, 2024

Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, is today publishing its consolidated financial statements for fiscal year 2023.

Key Points: 
  • Vitesco Technologies, a leading international provider of modern drive technologies and electrification solutions for sustainable mobility, is today publishing its consolidated financial statements for fiscal year 2023.
  • Thanks to improved profitability and despite higher investments and the financial burden from the contract manufacturing business with Continental, free cash flow amounted to €84.9 million in fiscal year 2023 (2022: €123.2 million).
  • CFO Sabine Nitzsche: “We fully achieved – and in some cases exceeded – our published guidance for all of the main financial KPIs.
  • The company is also forecasting a negative free cash flow of around €350 million in 2024, owing mainly to negative effects from reduced contract manufacturing activities and the repayment of start-up financing to Continental.

KPMG Announces Google Cloud Center of Excellence to Advance Responsible Adoption of Generative AI

Retrieved on: 
Wednesday, April 3, 2024

KPMG will bring Google Cloud technology to its workforce and build trusted GenAI solutions that accelerate business transformation for clients

Key Points: 
  • The expanded partnership features the establishment of a KPMG Google Cloud Center of Excellence (CoE) that will combine Google Cloud's leading AI technologies with KPMG's industry knowledge and deep functional expertise to support business transformation for enterprise clients.
  • The CoE will combine Gemini AI models, Vertex AI and other leading Google Cloud technology with KPMG industry and product expertise, to help enterprises drive and deploy generative AI innovation.
  • As part of the CoE, Google Cloud will work with KPMG to upskill KPMG professionals on Google Cloud AI technologies.
  • This will help rapidly boost existing GenAI skills and help KPMG further deliver generative AI solutions to drive innovation for KPMG clients and the firm itself.

SBA Recognizes 2024 Government Contractors and 8(a) Graduate of the Year

Retrieved on: 
Friday, April 5, 2024

These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.

Key Points: 
  • These fuzes are used in electro-mechanical rocket, missile, artillery, mortar, and tank devices for the Department of Defense and domestic prime contractors.
  • Cetechs won the 2018 SBA Emerging Leaders Program Graduate Award, the 2019 Arizona Small Business Development Center Success Award, and the 2020 Goldman Sachs Award.
  • The Dwight D. Eisenhower Award for Excellence recognizes other small business prime contractors that have excelled in utilizing small businesses as suppliers and subcontractors within various industries.
  • Additionally, it collaborated with various SBA District Offices, Small Business Development Centers, and APEX Accelerators to educate and network with small businesses.

Operational Security Solutions (OSS) Further Digitizes its Cash Logistics Offering with Morphis, Inc.; Adding SmartSafe and ATM Solutions

Retrieved on: 
Thursday, April 4, 2024

Following the announcement of its web portal offering, OSS has now worked with Morphis to integrate the digital platform into all aspects of its cash logistics services including its SmartSafe program, provisional crediting system (where available), and ATM servicing.

Key Points: 
  • Following the announcement of its web portal offering, OSS has now worked with Morphis to integrate the digital platform into all aspects of its cash logistics services including its SmartSafe program, provisional crediting system (where available), and ATM servicing.
  • All through one simple to use dashboard, customers of OSS are given full transparency into their cash logistics.
  • “In our mission to exceed customer expectations, embracing digital transformation was not only inevitable but crucial,” said Scott Solomon, Chief Executive Officer of Operational Security Solutions.
  • OSS has partnered with a leading SmartSafe supplier and is now offering full SmartSafe integration solutions including equipment procurement, installation and training to businesses and financial institution partners nationwide.

Intelligencia AI Awarded U.S. Patent for Its Accurate and Transparent Probability of Drug Success Assessments

Retrieved on: 
Tuesday, April 2, 2024

NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- Intelligencia AI , a provider of AI-powered solutions that support data-driven decision-making in drug development, today announced that the U.S. Patent and Trademark Office (USPTO) issued U.S. Patent No.

Key Points: 
  • NEW YORK, April 02, 2024 (GLOBE NEWSWIRE) -- Intelligencia AI , a provider of AI-powered solutions that support data-driven decision-making in drug development, today announced that the U.S. Patent and Trademark Office (USPTO) issued U.S. Patent No.
  • The patent includes the company’s flagship solution, Intelligencia Portfolio Optimizer , and its underlying methodology.
  • The on-demand solution enables customers to objectively assess the probability of technical and regulatory success (PTRS) and phase transition probabilities.
  • This patent has been a long time in the making and marks a significant milestone in signifying Intelligencia AI as a pioneer and a leader in applying AI to de-risk clinical development and enhance decision-making through accurate, AI-driven probability of success (PoS).”

Fobi AI Signs Data License Agreement with Asahi Canada to Deliver Enhanced Data Analytics & Insights

Retrieved on: 
Tuesday, April 2, 2024

VANCOUVER, BC, April 02, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the Company has signed a data license agreement with Asahi Canada, a subsidiary of Asahi International Limited.

Key Points: 
  • VANCOUVER, BC, April 02, 2024 (GLOBE NEWSWIRE) -- Fobi AI Inc. (FOBI:TSXV) (FOBIF:OTCQB) (the "Company" or "Fobi"), an industry leader in harnessing AI and data intelligence to enable digital transformation, is pleased to announce that the Company has signed a data license agreement with Asahi Canada, a subsidiary of Asahi International Limited.
  • Rob Anson, CEO of Fobi AI, emphasizes: “Operators don't need more data; they require plug-and-play tools like the Fobi Data Exchange.
  • Under this agreement, Fobi will provide Asahi Canada with a fully automated data intelligence tool, offering real-time analytics, insights, and forecasting capabilities.
  • Colin Foley, Director of Field Sales at Asahi Canada, states: "We're super excited to be partnering with Fobi to power our analytics and insights in the private channel in Western Canada.

Netstock Launches Excess Redistribution to Help Businesses Strategically Optimize Inventory

Retrieved on: 
Tuesday, April 2, 2024

BOSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Netstock , a leading supply chain planning solution provider for small and medium-sized businesses, today announced the launch of Excess Redistribution, an innovative new feature that empowers businesses with the ability to instantly identify and redistribute excess inventory.

Key Points: 
  • BOSTON, April 02, 2024 (GLOBE NEWSWIRE) -- Netstock , a leading supply chain planning solution provider for small and medium-sized businesses, today announced the launch of Excess Redistribution, an innovative new feature that empowers businesses with the ability to instantly identify and redistribute excess inventory.
  • Excess inventory is a longstanding problem hindering efficient business operations, resulting in tied-up valuable capital and soaring storage costs.
  • With Excess Redistribution, businesses also have a way to redeploy existing excess inventory to other locations where those same items are running low.
  • “At Netstock, we understand managing inventory levels is a balancing act and optimizing inventory to meet demand efficiently is of critical importance for businesses.