Capital expenditure

EQS-News: CPI PROPERTY GROUP publishes financial results for 2023

Retrieved on: 
Wednesday, April 10, 2024
WAULT, EUR, CPI, Growth, Capital expenditure, ICR, Environment, GSG, Hotel, Webcast, CEE, NAV, EPRA, Investment, LTV, FFO

CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.

Key Points: 
  • CPI PROPERTY GROUP (hereinafter “CPIPG”, the “Company” or together with its subsidiaries the “Group”), a leading European landlord, hereby publishes audited financial results for the financial year ended 31 December 2023.
  • “CPIPG’s results in 2023 demonstrate the resilient and high-yielding nature of real estate in the CEE region,” said David Greenbaum, CEO.
  • The Group raised over €2.5 billion of secured and unsecured external financing in 2023, including €1.2 billion of fresh cash.
  • CPIPG will host a webcast in relation to its financial results for 2023.

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

Retrieved on: 
Wednesday, April 10, 2024
Annual, Forecasting, Growth, Supervisory board, Capital expenditure, Friedrich Nietzsche, Public expenditure, Capital, Software, Bank statement, Vitesco Technologies, Investment, Silicon, Renewable energy

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.

Exela Technologies Holdings, Inc. Reports Full Year 2023 Results

Retrieved on: 
Thursday, April 4, 2024
Automation, Capital expenditure, Growth, Data science, Information, FAO, Adjustment, Investment, Cloud computing, Exela Technologies, Transaction, Beauty salon

“2023 was a challenging year with focus on stabilizing revenues and recovering from the effects of our network outage in 2022.

Key Points: 
  • “2023 was a challenging year with focus on stabilizing revenues and recovering from the effects of our network outage in 2022.
  • We maintained our focus on cost management and leveraging automation, and have 2023 initiatives in process continuing into 2024 to achieve our margin improvement goals.
  • We improved gross margins and operating income, however we did not accomplish all of our goals in 2023 and have room to grow,” said Par Chadha, Executive Chairman of Exela Technologies.
  • Net Loss: Net loss for 2023 was $124.4 million ($125.1 attributable to Exela Technologies Inc), an improvement of $291.4 million compared with a net loss of $415.6 million in 2022.

Radius Recycling Reports Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Thursday, April 4, 2024
GAAP, Senior, Webcast, Capital expenditure, Calendar, Metal, Public expenditure, Investment, Recycling, Transport

PORTLAND, Ore., April 04, 2024 (GLOBE NEWSWIRE) -- Radius Recycling, Inc. (NASDAQ: RDUS) today reported results for the second quarter of fiscal 2024 ended February 29, 2024.

Key Points: 
  • Results for the second quarter include a benefit from average inventory accounting of approximately $2 per ferrous ton, compared to a detriment of $1 per ferrous ton in the first quarter of fiscal 2024.
  • The Company recognized insurance recoveries of $2 million in the second quarter, compared to $4 million in the first quarter of fiscal 2024, in connection with previously submitted claims related to certain property damage and business interruption matters that had occurred in prior periods.
  • The Company expects fiscal 2024 capital expenditures to be approximately $80 million, including the completion of our nonferrous technology initiatives and investments to support recycling services expansion.
  • During the second quarter, the Company returned capital to shareholders through its 120th consecutive quarterly dividend.

Microvast Reports 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024
PP&E, Webcast, Capital expenditure, Table, Investment, Event, Central Time, Reinsurance

Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023

Key Points: 
  • Record quarterly revenue of $104.6 million, up 61.4% year over year in Q4 2023
    Gross margin increased from 4.4% to 18.7%, a 14.3 percentage point improvement year over year, with Q4 2023 gross margin of 22.0% compared to 3.4% in Q4 2022
    STAFFORD, Texas, April 01, 2024 (GLOBE NEWSWIRE) -- Microvast Holdings, Inc. (NASDAQ:MVST) (“Microvast” or the “Company”), a technology innovator that designs, develops and manufactures lithium-ion battery solutions, announced today its consolidated financial results for the fourth quarter and full fiscal year ended December 31, 2023 (“Q4 2023” and “FY 2023,” respectively).
  • “We achieved record revenue in the fourth quarter of 2023 bringing our full year revenue growth to 49.9% and we delivered these revenues at a gross margin close to our targeted level.
  • To get the U.S. to the same mature and steady state requires us to secure financing to complete Clarksville Phase 1A.
  • Continued regional efficiencies and utilization increases, providing a Company gross margin target of 20% to 25%
    Company management will host a conference call and webcast on April 1, 2024, at 4:00 p.m. Central Time, to discuss the Company's financial results.

Lifecore Biomedical Provides Business Update Outlining Fiscal 2024 Outlook and Year-to-date Progress

Retrieved on: 
Monday, April 1, 2024
Olive, Fermentation, Capital expenditure, Sale, Annual report, Acceleration, Video game

CHASKA, Minn., April 01, 2024 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (NASDAQ: LFCR) (“Lifecore” or the “Company”), a fully integrated contract development and manufacturing organization (“CDMO”), today provided a business update, including certain select preliminary financial data, outlook for full year fiscal 2024, the status of its development portfolio and pipeline and capacity expansion.

Key Points: 
  • In FY24, purchases of property, plant and equipment excludes capitalized interest as interest is paid-in-kind on the term debt.
  • The Company believes that its capital structure remains in a stable condition following its comprehensive refinancing in May 2023.
  • The Company has furnished a supplementary investor presentation related to its ongoing business to assist investors with current information about the business.
  • Lifecore’s fiscal 2024 performance to date is consistent with its prior expectations, including an acceleration in revenue that began in the fiscal second quarter and further accelerated during the second half of the fiscal year.

XBP Europe Holdings, Inc. Reports Full Year 2023 Results

Retrieved on: 
Monday, April 1, 2024
Capital expenditure, Growth, TCV, Bill, Operating cost, Sale, XBP, Adjustment, Bookkeeping

LONDON and SANTA MONICA, Calif., April 01, 2024 (GLOBE NEWSWIRE) -- XBP Europe Holdings, Inc. (“XBP” or the “Company”) (NASDAQ: XBP), a pan-European integrator of bills and payments and related solutions and services seeking to enable the digital transformation of its clients, announced today its financial results for the full year ended December 31, 2023.

Key Points: 
  • “We start the year as a newly listed public company, having completed our long-awaited business combination towards the very end of 2023.
  • We will keep our employees and the investor community apprised of our progress in the coming weeks and months,” said Andrej Jonovic, Chief Executive Officer of XBP.
  • Net Loss: Net loss for 2023 was $11.0 million, compared with a net loss of $7.9 million in 2022.
  • Adjusted EBITDA(1): Adjusted EBITDA for 2023 was $11.6 million, a decrease of 20.0% compared to $14.5 million in 2022.

Oxford: Owner of Tommy Bahama, Lilly Pulitzer and Johnny Was Reports Fourth-Quarter and Full-Year Fiscal 2023 Results; Posts 11% Annual Sales Growth; Announces 3% Increase in Quarterly Dividend

Retrieved on: 
Thursday, March 28, 2024
Employment, Growth, EPS, Lilly Pulitzer, Capital expenditure, Acquisition, Life, DTC, GAAP, Inventory, Video game

For the fourth quarter, full-price DTC sales were $265 million in fiscal 2023 compared to $258 million in the prior year fourth quarter.

Key Points: 
  • For the fourth quarter, full-price DTC sales were $265 million in fiscal 2023 compared to $258 million in the prior year fourth quarter.
  • Full-price e-commerce sales of $478 million increased $66 million, or 16% for the year, including a $53 million increase for Johnny Was.
  • Outlet sales of $73 million increased $7 million, or 10% for the year, including a $3 million increase for Johnny Was.
  • Capital expenditures in fiscal 2024 are expected to be approximately $200 million compared to $74 million in fiscal 2023.

Universal Stainless Reports Record Sales; Full Year 2023 Net Income Highest Since 2018

Retrieved on: 
Thursday, March 28, 2024
PIN, VAR, Telephone, Capital expenditure, Public expenditure, Insurance, Traction, Universal, USAP, Beauty salon

Net sales were up 12% to a record $79.8 million in the 2023 fourth quarter compared with the third quarter of 2023.

Key Points: 
  • Net sales were up 12% to a record $79.8 million in the 2023 fourth quarter compared with the third quarter of 2023.
  • Full year 2023 net sales increased 42%, to a record $285.9 million from $202.1 million in 2022.
  • Fourth quarter 2023 aerospace sales increased 15% sequentially to a record $61.9 million, or 77.6% of sales, compared with $54.0 million, or 75.7% of sales, in the third quarter of 2023.
  • Operating income rose 9% to $4.8 million in the fourth quarter of 2023 from $4.4 million in the 2023 third quarter.

36% of US Employees Don’t Believe Their Workplace Enables Them to Work Productively

Retrieved on: 
Wednesday, March 27, 2024
Research, Temperature, Health, Organization, Capital expenditure, Entrepreneurship, REX, Tenant, CRE, OPEX, NOI, Workplace, Chase, Management

BOSTON, March 27, 2024 (GLOBE NEWSWIRE) -- HqO, the world’s leading real estate experience platform, announced today the release of its 2024 “State of Real Estate Experience (REX)” report. Leveraging global data from close to 400,000 employees across nearly 200 organizations, this report brings focus to the challenges and opportunities in front of property owners, operators, occupiers and investors, all through the lens of real estate end-users. With proprietary customer sentiment and preference data, HqO’s State of REX provides a crucial roadmap to understanding and navigating the complex CRE terrain by highlighting key REX trends reshaping the CRE industry, the 2024 in-office must-haves, and an overview of the strategic approach businesses must adopt to succeed.

Key Points: 
  • 43% of global employees do not believe their workplace contributes to environmental sustainability.
  • 89% of global employees feel that when they are in the office, focused work at a desk is the most important activity they need their workplace to support.
  • While a staggering 80% of U.S. employees agree that the design of their workplace is important to them, a much lower 36% believe their workplace enables them to work productively.
  • Yet HqO data indicates that nearly half (43%) of employees do not believe that their workplace contributes to environmental sustainability.