Profit | Jotup

Half-Year Report 2020

Retrieved on:

Monday, July 13, 2020

Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit

STOCKHOLM, July 13, 2020 /PRNewswire/ -- JANUARY 1 - JUNE 30, 2020

Key Points:

STOCKHOLM, July 13, 2020 /PRNewswire/ -- JANUARY 1 - JUNE 30, 2020
In emerging markets, which accounted for 36% of net sales, organic net sales increased 2.3%
The Group's net sales declined 11.4% in the second quarter of 2020 compared with the corresponding period a year ago.
Adjusted EBITA for the second quarter of 2020 increased 1% compared with the same period a year ago.
Sales were negatively affected by the COVID-19 pandemic and related lockdowns as well as inventory adjustments following the stockpiling that took place among consumers and distributors in March 2020.
The Group's adjusted gross margin for the second quarter of 2020 increased 3.2 percentage points to 32.2% compared with the corresponding period a year ago.

ITAB Publishes EBITDA Guidance for the Financial Year 2020 and its mid-term Profitability Ambition and Announces the Intention to Carry out a Capital Raise to Strengthen ITAB's Financial Position

Retrieved on:

Friday, July 10, 2020

Finance, Economy, Money, Corporate finance, Fundamental analysis, Private equity, Earnings before interest, taxes, depreciation, and amortization, Profit, Restructuring

The total restructuring costs for the One ITAB transformation plan are estimated to be in the range of 275 to 325 MSEK during the financial years 2020 - 2022.

Key Points:

The total restructuring costs for the One ITAB transformation plan are estimated to be in the range of 275 to 325 MSEK during the financial years 2020 - 2022.
Following the capital raise, the Board of Directors believes that ITAB will be better balanced in its financing between equity and debt elements.
ITAB will provide further information in relation to the capital raise once available and report on any changes to the EBITDA guidance as deemed necessary.
The information was submitted for publication at 1.00 p.m. on 10 July 2020.

Cansortium Inc. Reports First Quarter Financial Results; Reiterates Full Year 2020 Outlook

Retrieved on:

Tuesday, July 7, 2020

Finance, Cannabis culture, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit, Money, OTC Markets Group, Dispensary, Cannabis shop, Economy

MIAMI, July 7, 2020 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated provider of premium-quality medical cannabis, today announced financial results for its first quarter ended March 31, 2020 and reiterated its full year 2020 outlook.

Key Points:

MIAMI, July 7, 2020 /PRNewswire/ - Cansortium Inc. (CSE:TIUM.U) (OTCQB: CNTMF) ("Cansortium" or the "Company"), a vertically-integrated provider of premium-quality medical cannabis, today announced financial results for its first quarter ended March 31, 2020 and reiterated its full year 2020 outlook.
We believe that revenue growth and profitability will continue to strengthen through the remainder of 2020."
During the first quarter of 2020, the Company opened its 19th medical marijuana dispensary in Panama City, FL.
Reconciliations from EBITDA and Adjusted EBITDA to Net Loss are included in the accompanying financial schedules.

Goodfood Delivers Net Income and Positive EBITDA¹ for the First Time in Company History Through Continued Strong Growth and Operational Excellence

Retrieved on:

Wednesday, July 8, 2020

For the first nine months of Fiscal 2020, the Company invested $5.8 million in capital expenditures.

Key Points:

For the first nine months of Fiscal 2020, the Company invested $5.8 million in capital expenditures.
The Company still expects to spend around $10 million in capital expenditures in Fiscal 2020.
As an essential service in Canada, Goodfood continued to operate throughout the pandemic and experienced an acceleration of growth in demand.
EBITDA is defined as net income or loss before net finance expenses (income), depreciation and amortization expense and income tax expense.

CoreLogic Raises Full Year 2020 Financial Guidance and Provides Guidance for 2021 and 2022

Retrieved on:

Tuesday, July 7, 2020

Data management, Technology, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Finance, Fundamental analysis, Economy, Earnings before interest, taxes, depreciation, and amortization, Private equity, Profit, Forward-looking statement, Money, CoreLogic, Financial ratio, GAAP

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities.

Key Points:

CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities.
Risks and uncertainties exist that may cause the results to differ materially from those set forth in these forward-looking statements.
This press release contains certain non-GAAP financial measures, such as adjusted EBITDA and adjusted EPS, which are provided only as supplemental information.
The Company believes that its presentation of these non-GAAP measures provides useful supplemental information to investors and management regarding the Companys financial condition and results of operations.

DGAP-News: home24 SE: Trading Update: home24 revises outlook for 2020 upward after very strong Q2 2020

Retrieved on:

Wednesday, July 1, 2020

Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit

Significant improvement in profitability with positive adjusted EBITDA throughout the first half of 2020, not only in Q2 2020 as previously announced.

Key Points:

Significant improvement in profitability with positive adjusted EBITDA throughout the first half of 2020, not only in Q2 2020 as previously announced.
Cash position improved to c. EUR 46 million at the end of Q2 (Q1 2020: EUR 43 Million).
The outlook for 2020 is revised upward: home24 plans with a currency-adjusted revenue growth of at least +15% (previously in the range of +10% to +20%).
Berlin, 1 July 2020 - home24 SE ("home24", the "Company") expects a significant currency-adjusted revenue growth of c. 45% in Q2 2020 based on preliminary financials.

Sinovac Reports Unaudited First Quarter 2020 Financial Results

Retrieved on:

Tuesday, June 30, 2020

FDA, Health, Infectious diseases, Clinical trials, Pharmaceutical, Biotechnology, Profit, Economy, Finance, Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Net operating loss, Money, Income, Net income

Selling, general and administrative expenses in the first quarter of 2020 decreased 30.2% to $16.5 million from $23.6 million in the prior year period.

Key Points:

Selling, general and administrative expenses in the first quarter of 2020 decreased 30.2% to $16.5 million from $23.6 million in the prior year period.
Net loss in the first quarter of 2020 was $7.4 million, compared to net income of $3.6 million in the prior year period.
Non-GAAP adjusted EBITDA was a loss of $7.3 million in the first quarter of 2020, compared to income of $6.8 million in the prior year period.
Non-GAAP net loss in the first quarter of 2020 was $7.0 million, compared to income of $4.0 million in the prior year period.

Forterra Announces Preliminary Second Quarter 2020 Net Sales and Adjusted EBITDA¹

Retrieved on:

Tuesday, June 30, 2020

Fundamental analysis, Profit, Earnings before interest, taxes, depreciation, and amortization, Private equity

Preliminary Second Quarter 2020 Financial Results:

Key Points:

Preliminary Second Quarter 2020 Financial Results:
The Company expects net sales for the second quarter 2020 to be in the range of $410 million to $430 million, compared to $410 million in the prior year quarter.
As a result, the Company expects the Adjusted EBITDA margin1 for the second quarter to be in the rage of 17.9% to 20.0%, compared to 15.2% in the prior year quarter.
Adjusted EBITDA margin represents Adjusted EBITDA as a percentage of net sales.
Management compensates for these limitations by using Adjusted EBITDA and Adjusted EBITDA margin as supplemental financial metrics and in conjunction with results prepared in accordance with GAAP.

Bragg Gaming Group Achieves 44 Per Cent Revenue Growth in the First Quarter

Retrieved on:

Tuesday, June 30, 2020

Fundamental analysis, Profit, Bragg, Earnings before interest, taxes, depreciation, and amortization, Brag

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Bragg Gaming Group Inc. (TSXV: BRAG, OTC: BRGGF) (Bragg, the Group or the Company) today released its financial results for the three-months ended March 31, 2020.

Key Points:

TORONTO, June 30, 2020 (GLOBE NEWSWIRE) -- Bragg Gaming Group Inc. (TSXV: BRAG, OTC: BRGGF) (Bragg, the Group or the Company) today released its financial results for the three-months ended March 31, 2020.
Bragg is pleased to announce that the Company continued its strong upward revenue and Adjusted EBITDA*growth trajectory over the quarter, achieving 44 per cent revenue growth year-over-year and 100 per cent Adjusted EBITDA growth year-over-year.
The Groups financial outperformance continued into the second quarter of 2020 with revenue expected to be up by circa 30 per cent from the previous quarter.
Bragg Gaming Group Inc. (TSXV:BRAG, OTC:BRGGF) is an innovative B2B online gaming solution provider.

Hanwei Energy Services Reports Year End Fiscal 2020 Financial and Operational Results

Retrieved on:

Saturday, June 27, 2020

Earnings before interest, taxes, depreciation, and amortization, Fundamental analysis, Private equity, Profit

The increase was due to new upstream, distribution projects from both new accounts and existing repeat clients in this market.

Key Points:

The increase was due to new upstream, distribution projects from both new accounts and existing repeat clients in this market.
The reduction in netback per barrel was due to the combination of lower production with higher repairs and maintenance costs.
Adjusted EBITDA from continuing operations for the year ended March 31, 2020 was negative $0.9 million as compared to negative $0.5 million for the prior year.
The plant started reopening in early March 2020 with a graduated, multi-phase plan taking into account health and safety protocols particular to the COVID-19 situation.