IFRS 16

Magnit notifies on the disposal of shares by the entity under the issuer’s control

Retrieved on: 
Wednesday, June 8, 2022
LSE, Forward-looking statement, IFRS 16, London, London Stock Exchange, City, RUB, EBITDA, MOEX, Bookkeeping, Magnit

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Magnit's local shares are listed on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT).
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Magnit notifies on the disposal of shares by the entity under the issuer’s control

Retrieved on: 
Tuesday, June 7, 2022
LSE, Forward-looking statement, IFRS 16, London, London Stock Exchange, City, RUB, EBITDA, MOEX, Bookkeeping, Magnit

As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.

Key Points: 
  • As of March 31, 2022, Magnit operated 45 distribution centers and 26,605 stores in 3,946 cities and towns throughout 7 federal regions of the Russian Federation.
  • In accordance with the audited IFRS 16 results for FY 2021, Magnit had revenues of RUB 1,856 billion and an EBITDA of RUB 214 billion.
  • Magnit's local shares are listed on the Moscow Exchange (MOEX: MGNT) and its GDRs on the London Stock Exchange (LSE: MGNT).
  • Magnit does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances.

Leases Return to Pre-Pandemic Levels but at Post-Pandemic Prices – New LeaseQuery Report

Retrieved on: 
Tuesday, June 7, 2022
Consulting, Other Retail, Banking, Commercial Building & Real Estate, Accounting, Technology, Construction & Property, Professional Services, Retail, Software, Finance, Benchmark, VP, IFRS, IASB, Transport, GASB, Software, Education, Environment, Accounting, Organization, Map, Solution, Multimedia, Risk, Technology, Compliance, FASB, Industry, Efficiency, IFRS 16, Health, Death, ASC, Lease, Retail, Property management

The average number of leases companies hold has returned to or exceeded pre-pandemic levels, according to the latest 2022 Lease Benchmark Report from accounting technology provider, LeaseQuery .

Key Points: 
  • The average number of leases companies hold has returned to or exceeded pre-pandemic levels, according to the latest 2022 Lease Benchmark Report from accounting technology provider, LeaseQuery .
  • When it comes to lease types, equipment, land and vehicle leases are relatively steady, but building leases have not yet returned to 2019 levels.
  • Headlines around the death of the office or storefront have been greatly exaggerated, says Jennifer Booth , VP of Accounting at LeaseQuery .
  • However, financial services, logistics and transportation, manufacturing and retail leases are flat or lower than pre-pandemic levels.

DGAP-News: Gerry Weber International AG: FY 2021 sees GERRY WEBER return to profitability

Retrieved on: 
Monday, May 30, 2022
Income, COVID-19, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, EBITDA, EUR, Environment, Annual, Woman, Mission statement, Aktiengesellschaft, KPMG, Wholesaling, Consolidated, Â, IFRS, Group, EBIT, Collection, IFRS 16, Extraordinary general meeting, CFO, Business, CEO, Film, Retail, Retail

The reports are available online at:

Key Points: 
  • The reports are available online at:
    GERRY WEBER International AG was able to clearly improve its earnings position in the fiscal year 2021.
  • Sales in GERRY WEBER Groups E-Commerce segment rose by an impressive 29.5% to EUR 42.1 million (previous year: EUR 32.5 million).
  • Headquartered in Halle/Westphalia and employing some 2,200 people, GERRY WEBER International AG is one of the largest fashion and lifestyle companies in Europe.
  • In addition to the GERRY WEBER brand, the GERRY WEBER Group also owns the younger TAIFUN brand and the plus-size brand SAMOON.

DGAP-News: Asklepios Kliniken: Sound growth despite challenging environment in first quarter of 2022

Retrieved on: 
Wednesday, May 25, 2022
Well, Investment, EBITDA, EUR, Environment, Patient, Government, Solution, Coronavirus, COVID-19, EAT, Social responsibility, Efficiency, Time, Hospital, Asclepius, IFRS, IFRS 16, CFO, Growth, Nursing, CEO, Animal, Renewable energy, Group

In a first quarter dominated by the war in Ukraine and the continuing effects of the coronavirus pandemic, Asklepios made a robust start to a challenging 2022 financial year.

Key Points: 
  • In a first quarter dominated by the war in Ukraine and the continuing effects of the coronavirus pandemic, Asklepios made a robust start to a challenging 2022 financial year.
  • Despite a challenging environment with rising costs for staff and materials, operating EBITDA was increased to EUR 100.3 million (3M 2021: EUR 89.9 million).
  • The most important driving factor for the positive development in the first quarter was growth in patient numbers.
  • Despite the challenging environment, Asklepios made substantial investments in its roughly 170 healthcare facilities.

LeaseQuery Forms New Reseller Partnership With Cherry Bekaert

Retrieved on: 
Tuesday, May 17, 2022
Banking, Technology, Accounting, Professional Services, Small Business, Security, Other Technology, Software, Networks, Other Professional Services, Legal, Insurance, Electronic Design Automation, Human Resources, Data Management, Finance, Consulting, FASB, Risk, Software, Careers advisory service, Cherry Bekaert, Disclosure, Public sector, Solution, Government, IASB, GASB, Efficiency, Accounting, Partnership, Compliance, Technology, IFRS, Intelligence, IFRS 16, Growth, ASC, Property management, Audit

LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced a reseller partnership with Cherry Bekaert LLP, a leading accounting and advisory firm offering specialized solutions across various industries.

Key Points: 
  • LeaseQuery , a leading provider of software built to simplify the complexities of accounting, today announced a reseller partnership with Cherry Bekaert LLP, a leading accounting and advisory firm offering specialized solutions across various industries.
  • LeaseQuery has partnered with Cherry Bekaert as a select reseller for its lease accounting software.
  • As a reseller, Cherry Bekaert can now offer its clients a trusted solution that takes lease accounting through mandatory compliance with government regulations and beyond.
  • Cherry Bekaert is excited to enhance and further grow our relations with LeaseQuery, said Christian Fuellgraf, Government & Public Sector Leader and Principal, Advisory Services.

Delta Galil Reports Strong First Quarter 2022 Results Reflecting Record Q1 Sales, EBIT, Net Income and EPS

Retrieved on: 
Monday, May 16, 2022
Online Retail, Retail, Luxury, Other Retail, Department Stores, Specialty, Income, Company, EBITDA, EPS, Private Securities Litigation Reform Act, Wolford, Woman, Delta Galil Industries, COVID-19, Tel Aviv Stock Exchange, Man, SG, Name, Adidas, IFRS, EBIT, Wilson, IFRS 16, Growth, CEO, Online gambling, Mobile phone, Holding company, Video game, Bank, Natural gas, Eminence

Q1 sales reached record levels for the fifth consecutive quarter, increasing 16% to $483.9 million, from $416.1 million in Q1 2021.

Key Points: 
  • Q1 sales reached record levels for the fifth consecutive quarter, increasing 16% to $483.9 million, from $416.1 million in Q1 2021.
  • Net income reached record levels as well, up 26% to $18.9 million, compared to $15.1 million in Q1 2021.
  • Q1 earnings per share (EPS) amounted to a record level, up 18% to $0.67, from $0.57 in Q1 2021.
  • Isaac Dabah, CEO of Delta Galil, stated: We are pleased with our strong first quarter results, which marked five consecutive quarters of record quarter revenue and seven consecutive quarters of record quarter operating margins.

DGAP-News: Wacker Neuson SE: Dynamic start to 2022 for the Wacker Neuson Group

Retrieved on: 
Tuesday, May 10, 2022
Investment, Czech Republic, EMEA, EBIT, EUR, IFRS 16, NWC, Coronavirus, Czech, Board of directors, Pressure, Lender option borrower option, Health, IFRS, Federal Executive Boards, CEO, Construction, Technology, Research, Executive, Kramer, PP, Growth, Risk, Agriculture, Film, Video game, Renewable energy, Group

Despite continued supply chain challenges, our teams succeeded once again in meeting dynamic demand for our products and delivered another quarter of strong growth.

Key Points: 
  • Despite continued supply chain challenges, our teams succeeded once again in meeting dynamic demand for our products and delivered another quarter of strong growth.
  • At the same time, the coronavirus pandemic and continued supply chain disruptions are still impacting operating workflows and resulting in rework.
  • Along with the high cost of materials and rising energy prices, these factors are putting our gross margin under pressure, explains Dr. Karl Tragl, Chairman of the Executive Board and CEO of the Wacker Neuson Group.
  • The definition of net financial debt as applied by the Wacker Neuson Group does not include lease liabilities in accordance with IFRS 16.

Loomis interim report January - March 2022

Retrieved on: 
Wednesday, May 4, 2022
Board, Tax, CEO, IFRS, Board of directors, IFRS 16, EBITA, Interest, Acquisition

Operating income (EBITA) for the period was SEK 516 million (358) and EBITA operating margin was 9.2percent (8.0).

Key Points: 
  • Operating income (EBITA) for the period was SEK 516 million (358) and EBITA operating margin was 9.2percent (8.0).
  • Excluding Loomis Pay, the operating margin amounted to 10.0 percent (8.7).
  • The Board of Directors of Loomis AB has, as previously announced, appointed Aritz Larrea as new President and CEO of the company.
  • Aritz Larrea will take up the position on May 23, 2022.

Equinor first quarter 2022

Retrieved on: 
Wednesday, May 4, 2022
Roncador Bank, Communication, Investment, Senior, Risk management, NYSE, Tax, Comparison, CO2, Norwegian State Educational Loan Fund, IFRS 16, Renewable resource, NCS, Capital, Gullfaks oil field, OSE, Marketing, IFRS, SIF, Kilowatt-hour, Hammerfest, Sale, Share repurchase, Danske Commodities, CEO, Farm, Annual, Wind, USD, Video game, Petroleum, Renewable energy, Software, Holding company, Coal, Bank, Security (finance), Equinor

Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022.

Key Points: 
  • Equinor (OSE: EQNR, NYSE: EQNR) reports adjusted earnings of USD 18.0 billion and USD 5.18 billion after tax in the first quarter of 2022.
  • The first quarter of 2022 was characterised by:
    The invasion of Ukraine impacting already tight energy markets, increasing commodity prices and volatility.
  • In the first quarter Equinor completed 4 exploration wells offshore with no commercial discoveries and 4 wells were ongoing at quarter end.
  • The first quarter 2022 capital distribution is based on a continuation of high commodity prices from second half of 2021 and strong earnings into first quarter of 2022.