ROCE

EQS-News: Krones significantly increases revenue and profitability in 2023 – Executive Board forecasts continuation of profitable growth path in 2024

Retrieved on: 
Wednesday, March 13, 2024
Acquisition, ROCE, Annual report, Growth, Creativity, Tax, News, Uncertainty, EBT, Workforce, Depreciation, Bookkeeping

For the full year 2024, the Executive Board forecasts revenue growth of 9% to 13% with an improved EBITDA margin of 9.8% to 10.3% and ROCE of 17% to 19%.

Key Points: 
  • For the full year 2024, the Executive Board forecasts revenue growth of 9% to 13% with an improved EBITDA margin of 9.8% to 10.3% and ROCE of 17% to 19%.
  • Based on the preliminary figures for 2023, Krones has continued on its profitable growth path and met the financial targets projected for the Group.
  • Krones thus met the upgraded growth target of 11% to 13% published in July 2023 (previously: 8% to 11%).
  • Krones’ EBITDA margin increased to 9.7% (previous year: 8.9%)
    Despite increased procurement prices and a change in the product mix, Krones’ profitability improved significantly in 2023.

EQS-News: GEA sees earnings rise again in fiscal year 2023 and proposes dividend increase

Retrieved on: 
Wednesday, March 13, 2024
Annual general meeting, ROCE, Share repurchase, Supervisory board, GEA, Climate, Food, Growth, Treasury, Climate change, Health care, EUR, DAX, Organic, Policy, Annual, Environment, Renewable energy

Group revenue rose by 8.4 percent organically and by 4.0 percent on a reported basis to EUR 5,373 million.

Key Points: 
  • Group revenue rose by 8.4 percent organically and by 4.0 percent on a reported basis to EUR 5,373 million.
  • “In the face of the numerous challenges in fiscal year 2023, we managed to further improve our key financial figures.
  • EBITDA before restructuring expenses rose by EUR 62 million, or 8.7 percent, to EUR 774.3 million (2022: EUR 712.0 million).
  • Group profit for fiscal year 2023 came to EUR 392.8 million (2022: EUR 401.4 million).

EQS-News: Strong financial year 2023: KION more than doubles adjusted EBIT and margin with outstanding free cash flow

Retrieved on: 
Wednesday, March 13, 2024
ROCE, ITS, Supervisory board, Customer, Research, Climate, Investment, Construction, Targets, KION Group, Growth, Supply, Frankfurt, KION, Automation, AAA, MSCI, Science Based Targets initiative, Electricity, Annual, Science, SCS, Retail

The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).

Key Points: 
  • The Industrial Trucks & Services segment again achieved a double-digit adjusted EBIT margin of 10.0 percent, corresponding to an adjusted EBIT of € 848.5 million (2022: € 420.5 million).
  • Following a loss in the previous financial year, the Supply Chain Solutions segment achieved a positive adjusted EBIT margin of
    1.5 percent with an adjusted EBIT of € 44.3 million (2022: € -45.6 million).
  • Free cash flow in 2024 will be in positive territory in line with the expected healthy financial performance but will be below the high free cash flow of the previous year.
  • Adjusted EBIT for ITS is expected to improve to between € 850 million and € 950 million with a double-digit adjusted EBIT margin.

GeoPark Reports Fourth Quarter and Full-Year 2023 Results

Retrieved on: 
Wednesday, March 6, 2024
Energy, Professional Services, Environmental, Social and Governance (ESG), Oil, Gas, Carbon, ROCE, Geopark, Barrel, Share repurchase, Carbon Disclosure Project, ESG, CDP, Climate, Public expenditure, Hand, Environment, Eastern Standard

GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).

Key Points: 
  • GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator, and consolidator, reports its consolidated financial results for the three-month period ended December 31, 2023 (“Fourth Quarter” or “4Q2023”) and for the year ended December 31, 2023 (“Full Year” or “FY2023”).
  • In 2023, GeoPark delivered $451.9 million Adjusted EBITDA, an EBITDA margin of 60%, and $111.1 million of net profit.
  • Improved operating results during 4Q2023 translated into $117.8 million Adjusted EBITDA for 4Q2023, the highest of 2023.
  • Andrés Ocampo, Chief Executive Officer of GeoPark, said: “The fourth quarter marked a strong finish to a challenging year on the production front.

VERSABANK REPORTS RESULTS FOR FIRST QUARTER FISCAL 2024: CONTINUED ROBUST GROWTH IN POINT-OF-SALE RECEIVABLE PURCHASE PROGRAM DRIVES 41% YEAR-OVER-YEAR INCREASE IN EPS TO ANOTHER NEW RECORD[1]

Retrieved on: 
Wednesday, March 6, 2024
Acquisition, ROCE, Commercial property, Real estate, CMHC, VersaBank, OCC, POS, CRE, Growth, Computer security, Calendar, Digital, OSFI, Commercial, Consolidated, DRTC, Common equity, RPP

While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."

Key Points: 
  • While this had a slight dampening effect on first quarter results, we expect that this strategic adjustment will enhance ROE and contribute to stronger growth in subsequent quarters throughout the year."
  • "2024 is unfolding slightly ahead of expectations for our Point-of-Sale Receivable Purchase Program, providing continued confidence in our ability to surpass our next total asset milestone of $5 billion during the 2024 fiscal year.
  • Total assets increased 22% year-over-year and 3% sequentially to a record $4.3 billion, with the increase driven primarily by 7% growth in Digital Banking Operations' Point of Sale Receivable Purchase Program (POS/RPP) portfolio.
  • DBG's gross profit amounts are included in DRTC's consolidated revenue which is reflected in non-interest income in VersaBank's consolidated statements of income and comprehensive income.

NEXANS DELIVERS ROBUST PERFORMANCE IN 2023

Retrieved on: 
Thursday, February 15, 2024
Acquisition, Generation, Annual general meeting, ROCE, Aluminium, Engagement, Biophysical environment, Carbon accounting, Sale, Social responsibility, Climate, GHG, Umbilical, Policy, Science Based Targets initiative, Environment, Annual, Science, TriMet, Cryptocurrency

These two acquisitions add €500 million current sales in Electrification and enhance Nexans' global portfolio in key segments.

Key Points: 
  • These two acquisitions add €500 million current sales in Electrification and enhance Nexans' global portfolio in key segments.
  • Adjusted EBITDA reached €665 million in 2023, up by a strong +8.2% versus €616 million in 2022.
  • Adjusted EBITDA margin was strong at 10.2% versus 9.1% in 2022, supported by cable businesses and illustrating Nexans’ value-driven model and embedded focus on performance.
  • Notable developments in 2023 included:
    The accelerated deployment of the E3 performance model to ensure the convergence of Economic, Engagement and Environment pillars.

Annual report for 2023 – strong underlying results and strategic progress in a challenging year

Retrieved on: 
Wednesday, February 7, 2024
Partnership, Traction, DKK, Growth, Annual report, Wind, Hornsea, ROCE, Renewable energy

Excluding new partnerships and cancellation fees, EBITDA amounted to DKK 24.0 billion, above our guidance of DKK 20-23 billion.

Key Points: 
  • Excluding new partnerships and cancellation fees, EBITDA amounted to DKK 24.0 billion, above our guidance of DKK 20-23 billion.
  • Mads Nipper, Group President and CEO of Ørsted, says:
    “Despite a year with strong underlying business progress, 2023 marked a year with substantial challenges for Ørsted.
  • Despite the short-term challenges, our traction and underlying momentum was strong in 2023.
  • We delivered strong operational results in 2023 with an adjusted EBITDA slightly above our guidance and with several important milestones achieved.

Capital Markets Update: Ørsted presents updated business plan following comprehensive portfolio review – Thomas Thune Andersen steps down as Chair at upcoming AGM

Retrieved on: 
Wednesday, February 7, 2024
Nature, DKK, Growth, CFO, FFO, Wind, Capital market, Carbon, ROCE, IRR, Ørsted (company), Public utility, Pleasure, Renewable energy

In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.

Key Points: 
  • In response to this, Ørsted is implementing measures to ensure a robust balance sheet, supporting long-term growth and capital structure resilience towards 2030.
  • However, Ørsted has revisited its portfolio to prioritise growth options with the highest potential for value creation and lower risks.
  • DKK 35 billion of capital expenditure relief in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.
  • DKK 3 billion of development expenditure reductions in 2024-2026 compared to the numbers presented at the Capital Markets Day in June 2023.

EQS-News: Aurubis achieves strong Q1 2023/24 result

Retrieved on: 
Tuesday, February 6, 2024
Copper, Lead, Tin, Calendar, Nickel, Zinc, History, Aurubis, Sustainability, Tax, Recycling, Development, Custom, MDAX, Selenium, BOB, Frankfurt Stock Exchange, Metal, ROCE, ASPA, Natural Resources, News, Annual general meeting, Palladium, Electricity, Webcast, EBT

Lower energy costs for electricity and gas positively impacted the result in contrast to Q1 of the previous year.

Key Points: 
  • Lower energy costs for electricity and gas positively impacted the result in contrast to Q1 of the previous year.
  • A lower metal result due chiefly to falling metal prices for nickel, palladium and copper had a counteracting effect.
  • “Our € 111 million quarterly result shows that Aurubis continues to deliver strong results, even in challenging times.
  • * Because the IFRS result includes measurement effects of metal price fluctuations from unrealized transactions and other factors, Aurubis discloses an operating result (EBT) that differs from the IFRS result.

EQS-News: Infineon with robust Q1 FY 2024. Market environment outside automotive remains weak. Weaker currency and markets are leading to an adjustment of FY 2024 outlook

Retrieved on: 
Tuesday, February 6, 2024
PSS, Kulim District, Research, ROCE, Internet, GIP, Investment, ATV, Power, Acquisition, Silicon, Depreciation, Free cash flow, Connected, EST, Cash flow, Webcast, CSS, Video game

The Segment Result in the first quarter of the 2024 fiscal year amounted to €831 million, compared with €1,044 million in the prior quarter.

Key Points: 
  • The Segment Result in the first quarter of the 2024 fiscal year amounted to €831 million, compared with €1,044 million in the prior quarter.
  • The first-quarter Non-Segment Result was a net loss of €129 million, compared with a net loss of €132 million in the prior quarter.
  • Operating profit for the first quarter of the 2024 fiscal year reached €702 million, compared with €912 million in the previous three-month period.
  • The tax expense in the first quarter of the 2024 fiscal year amounted to €134 million, compared with €163 million in the prior quarter.