ROCE

Marvell Joins the Linux Foundation's SONiC as Premier Member

Retrieved on: 
Thursday, November 17, 2022

SANTA CLARA, Calif., Nov. 17, 2022 /PRNewswire/ -- Marvell Technology, Inc. (NASDAQ: MRVL), a leader in data infrastructure semiconductor solutions, announced today it has joined the Linux Foundation's SONiC and that John DaCosta, vice president of product marketing, Switch Business Unit, is now a member of the Governing Board. SONiC is an open-source network operating system (NOS) based on Linux that runs on switches. Marvell has joined SONiC as a Premier Member with the goal of extending SONiC beyond its initial use in data center networking applications to storage, edge, and data processing. Marvell intends to leverage SONiC-driven data infrastructure to open new market opportunities for the company.

Key Points: 
  • Marvell has joined SONiC as a Premier Member with the goal of extending SONiC beyond its initial use in data center networking applications to storage, edge, and data processing.
  • "We are pleased to welcome Marvell to the Linux Foundation and the SONiC community," said Arpit Joshipura, general manager, Networking, Edge, and IoT at the Linux Foundation.
  • "I am pleased to represent Marvell as the newest member of the SONiC Governing Board," said John DaCosta, vice president product marketing, Switch Business Unit at Marvell.
  • "We are excited to seeMarvellbecome a premier member of Linux Foundation's SONiC project and look forward to further innovation as they contribute to the open-source SONiC community."

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter Group delivers a pre-tax profit in excess of € 1 billion in the first nine months of 2022

Retrieved on: 
Friday, November 11, 2022

Construction work on the project has commenced, and the first orders have been placed for the equipment and facilities.

Key Points: 
  • Construction work on the project has commenced, and the first orders have been placed for the equipment and facilities.
  • As Gunnar Groebler, Salzgitter AGs Chief Executive Officer, comments: The summer of 2022 stood under the slogan of Green light for green steel.
  • We continue to adhere to our sales and earnings guidance for the financial year 2022.
  • Against the backdrop of numerous uncertainties, a first look at the new financial year is subdued, but not pessimistic.

EQS-News: CEWE in Q3 with strong growth and significantly improved result

Retrieved on: 
Friday, November 11, 2022

Q3 turnover up 14.3% to 151.4 million euros, EBIT improves by a strong 3.1 million euros

Key Points: 
  • Q3 turnover up 14.3% to 151.4 million euros, EBIT improves by a strong 3.1 million euros
    Oldenburg, 11 November 2022.
  • CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) reported strong growth in all its business segments in the third quarter of 2022.
  • In comparison with the previous year, Group turnover rose by 14.3%, to 151.4 million euros (Q3 2021 turnover: 132.4 million euros), with Group EBIT also improving clearly, by 3.1 million euros to 1.1 million euros (Q3 2021 EBIT: -2.1 million euros).
  • Photofinishing turnover rose considerably in Q3, by 13.0% to 120.2 million euros (Q3 2021: 106.3 million euros).

EQS-News: technotrans with strong 9-month-performance: Revenue and earnings forecast confirmed in the upper range

Retrieved on: 
Friday, November 11, 2022

After a very strong third quarter, Group revenue rose by 13 % to 176.8 million (previous year: 156.6 million).

Key Points: 
  • After a very strong third quarter, Group revenue rose by 13 % to 176.8 million (previous year: 156.6 million).
  • At 5.9 %, the EBIT margin reached the upper end of the forecast (previous year: 5.3 %).
  • The Board of Management confirms the forecast of achieving a Group revenue at the upper end of the range between 220 and 230 million and an EBIT margin at the upper end of the range between 5.0 % and 6.0 % in the 2022 financial year.
  • At 5.9%, the EBIT margin reached the upper end of the forecast range (previous year: 5,3 %).

Enerflex Ltd. Reports Strong Third-quarter 2022 Results, Underscored by Successful Acquisition of Exterran Corporation and $100 Million of Energy Transition Bookings

Retrieved on: 
Wednesday, November 9, 2022

ROCE is a measure that analyzes the operating performance and efficiency of the Company's capital allocation decisions.

Key Points: 
  • ROCE is a measure that analyzes the operating performance and efficiency of the Company's capital allocation decisions.
  • The ratio is calculated by taking EBIT for the 12-month trailing period, which is then divided by capital employed.
  • Capital employed is debt and equity less cash and cash equivalents for the trailing four quarters.
  • Enerflex is a premier integrated global provider of energy infrastructure and energy transition solutions, delivering natural gas processing, compression, power generation, refrigeration, cryogenic, and produced water solutions.

New InfiniBand Specification Enables Data Centers with Enhanced Switch Density and Scale Out Features

Retrieved on: 
Wednesday, November 9, 2022

The new 1.6 specification enables the build out of 256-port top-of-rack (ToR) switches, up from 64-ports.

Key Points: 
  • The new 1.6 specification enables the build out of 256-port top-of-rack (ToR) switches, up from 64-ports.
  • Additional features in the 1.6 specification include extended OpCodes for generalized transport function classes, as well as for enhanced Memory Placement Extensions (MPE) that will further reduce latency in distributed memory applications.
  • Volume 1 Release 1.6 includes two major updates, one of which is the support for large radix switches, enabling significant cost and power reduction.
  • The other significant addition is the new MPE Verify Operation which provides data verification without the need for ULP techniques.

Interim report for the first nine months of 2022 – full-year EBITDA guidance increased and strategic milestones achieved with new partnerships and acquisitions

Retrieved on: 
Monday, November 7, 2022

Today, rsteds Board of Directors approved the interim report for the first nine months of 2022.

Key Points: 
  • Today, rsteds Board of Directors approved the interim report for the first nine months of 2022.
  • EBITDA excluding new partnerships increased by 3.8 billion and amounted to DKK 14.4 billion.
  • We have increased our full-year EBITDA guidance with DKK 1 billion to DKK 21-23 billion excluding earnings from new partnerships during the year, i.e.
  • In these unprecedented times, I am very pleased that we have been able to increase our EBITDA guidance to DKK 21-23 billion for the year.

EQS-News: GEA raises outlook for 2022 following strong third quarter

Retrieved on: 
Monday, November 7, 2022

Our profitable growth accelerated in the third quarter again despite the supply chain challenges and the impact of the war in the Ukraine.

Key Points: 
  • Our profitable growth accelerated in the third quarter again despite the supply chain challenges and the impact of the war in the Ukraine.
  • Based on our very good performance in the first nine months, we have raised our outlook for fiscal year 2022.
  • In the third quarter of 2022, order intake rose by 1.6 percent to a high level of EUR1,371.7 million (Q3 2021: EUR1,349.9 million).
  • In September 2022, manager magazin named GEA the 2022 Investors Darling of the MDAX index.

EQS-News: Lenzing AG: Lenzing responds with savings program to earnings development

Retrieved on: 
Monday, November 7, 2022

Both the earnings trend and the significant deterioration in the market environment led the Lenzing Managing Board to launch a reorganization and cost reduction program.

Key Points: 
  • Both the earnings trend and the significant deterioration in the market environment led the Lenzing Managing Board to launch a reorganization and cost reduction program.
  • The program is already being implemented and is expected to save at least EUR70 mn in costs annualized once fully implemented.
  • For this reason we have launched a global program that will already lead to initial cost savings in the short term and also strengthens Lenzing for the long term, comments Stephan Sielaff, Lenzing Group CEO.
  • Given this deterioration in the market environment, Lenzing suspended its earnings guidance for the 2022 financial year on September 19, 2022.

EQS-News: Krones AG: Krones continues profitable growth under difficult conditions

Retrieved on: 
Monday, November 7, 2022

Krones recorded stable growth under difficult conditions in the first nine months of 2022.

Key Points: 
  • Krones recorded stable growth under difficult conditions in the first nine months of 2022.
  • Krones has raised its guidance for revenue growth in the full year 2022.
  • Krones continues to expect an EBITDA margin of 8% to 9% and ROCE of 10% to 12%.
  • This means the company continues to expect an EBITDA margin of 8% to 9% and ROCE of 10% to 12% in 2022.