ROCE

Data Based Analysis League Tables of The Largest Cement, Concrete, Aggregates and Asphalt Companies Globally

Retrieved on: 
Wednesday, June 7, 2023

LONDON, June 7, 2023 /PRNewswire/ -- Data Based Analysis is today publishing its latest league tables of the largest companies globally in the cement, concrete, aggregates and asphalt industries.

Key Points: 
  • LONDON, June 7, 2023 /PRNewswire/ -- Data Based Analysis is today publishing its latest league tables of the largest companies globally in the cement, concrete, aggregates and asphalt industries.
  • Based on cement capacity, 4 of 6 largest companies are headquartered in China as are 6 of the top 9 when ranked on 2022 cement sales volumes.
  • China National Building Material Company Limited (CNBM) is the largest cement company globally and Anhui Conch the second largest, ranked both by current capacity and 2022 sales volume.
  • Indian companies continue to rise up the league tables and now account for 4 of the largest 25 companies when ranked by capacities, with Ultratech leading at no.7.

ConocoPhillips Provides Notice that it is Exercising its Preemption Right to Purchase the Remaining 50% Interest in Surmont

Retrieved on: 
Friday, May 26, 2023

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Key Points: 
  • ConocoPhillips currently holds a 50% interest as operator of Surmont and will own 100% upon closing.
  • “Long-life, low sustaining capital assets like Surmont play an important role in our deep, durable and diverse low cost of supply portfolio.
  • Additionally, the transaction is structured as an asset purchase and the tax pools will be commensurate with the purchase price of the asset, including associated contingent payments.
  • ConocoPhillips is also a member of the Pathways Alliance, working to advance carbon capture and storage in Alberta.

Chevron Announces Agreement to Acquire PDC Energy

Retrieved on: 
Monday, May 22, 2023

Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share.

Key Points: 
  • Chevron Corporation (NYSE: CVX) announced today that it has entered into a definitive agreement with PDC Energy, Inc. (NASDAQ: PDCE) to acquire all of the outstanding shares of PDC in an all-stock transaction valued at $6.3 billion, or $72 per share.
  • Based on Chevron’s closing price on May 19, 2023 and under the terms of the agreement, PDC shareholders will receive 0.4638 shares of Chevron for each PDC share.
  • The acquisition of PDC provides Chevron with high-quality assets expected to deliver higher returns in lower carbon intensity basins in the United States.
  • “PDC’s attractive and complementary assets strengthen Chevron’s position in key U.S. production basins,” said Chevron Chairman and CEO Mike Wirth.

Jonathan Milner Announces That He is Taking Steps to Call an Extraordinary General Meeting of Abcam Shareholders

Retrieved on: 
Wednesday, May 17, 2023

Jonathan Milner intends to solicit shareholder support to replace the Chairman of the Board, Peter Allen, with himself as Executive Chairman.

Key Points: 
  • Jonathan Milner intends to solicit shareholder support to replace the Chairman of the Board, Peter Allen, with himself as Executive Chairman.
  • Jonathan Milner has issued an open letter to Abcam shareholders today, the full text of which follows.
  • More recently, I asked the Board to facilitate my calling of an Extraordinary General Meeting to permit the shareholders to act on my proposals for Board change, without success.
  • Toward that end I ask that you please watch for further communications regarding the intended Extraordinary General Meeting.

EQS-News: CEWE starts the 2023 business year with a strong Q1

Retrieved on: 
Thursday, May 11, 2023

CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) has made an excellent start to the 2023 business year.

Key Points: 
  • CEWE Stiftung & Co. KGaA (SDAX, ISIN: DE 0005403901) has made an excellent start to the 2023 business year.
  • At the same time, Group EBIT improved by 3.0 million euros to 5.1 million euros (Q1 2022: 2.1 million euros).
  • Photofinishing turnover increased by +12.0% to 126.1 million euros in the first quarter of 2023 (Q1 2022: 112.6 million euros).
  • In the typically seasonally weak first quarter, the business unit improved EBIT slightly to -0.2 million euros (Q1 2022: -0.3 million euros).

EQS-News: Aurubis AG: Aurubis continues growth course: Multimetal company raises full-year forecast based on strong half-year result

Retrieved on: 
Thursday, May 11, 2023

Aurubis publicized this result according to preliminary figures in an ad hoc release on April 21, 2023 and simultaneously raised the full-year forecast for operating EBT.

Key Points: 
  • Aurubis publicized this result according to preliminary figures in an ad hoc release on April 21, 2023 and simultaneously raised the full-year forecast for operating EBT.
  • The multimetal supplier now anticipates an operating EBT between € 450 and 550 million.
  • These positive effects offset the significant drop in sulfuric acid revenues and a decline in demand for flat rolled products.
  • “Aurubis continued its positive development with a second quarter on par with the exceptionally good previous year,” Aurubis CEO Roland Harings explains.

EQS-News: Salzgitter Aktiengesellschaft: Salzgitter AG with successful first quarter of 2023

Retrieved on: 
Wednesday, May 10, 2023

The result includes a contribution of € 29.3 million from Aurubis AG (Q1 2022: € 61.9 million), an investment included at equity (IFRS accounting).

Key Points: 
  • The result includes a contribution of € 29.3 million from Aurubis AG (Q1 2022: € 61.9 million), an investment included at equity (IFRS accounting).
  • The after-tax result came in at € 140.5 million (Q1 2022: € 368.8 million), which brings basic earnings per share to € 2.57 (Q1 2022: € 6.80).
  • The net financial position grew by more than € 100 million compared with the year-earlier figure (€ –498.1 million; Q1 2022: € –619.7 million).
  • As Gunnar Groebler, Salzgitter AG’s Chief Executive Officer, comments:
    “The encouraging start to the financial year 2023 has delivered proof of the effectiveness of our ‘Salzgitter AG 2030’ corporate strategy.

EQS-News: technotrans starts the 2023 financial year with double-digit revenue and EBIT growth

Retrieved on: 
Tuesday, May 9, 2023

The thermal management specialist generated consolidated revenue of € 68.3 million in the first three months of the 2023 financial year (previous year: € 56.7 million).

Key Points: 
  • The thermal management specialist generated consolidated revenue of € 68.3 million in the first three months of the 2023 financial year (previous year: € 56.7 million).
  • EBIT improved by 13.7 % to € 3.5 million (previous year: € 3.1 million) with an EBIT margin of 5.2 % (previous year: 5.5 %).
  • The technotrans Board of Management confirms its expectation of achieving consolidated revenue of between € 255 million and € 265 million in the 2023 financial year, with an EBIT margin between 6.2 % and 7.2 %.
  • In the first quarter, technotrans recorded double-digit percentage growth in consolidated revenue and EBIT.

EQS-News: GEA raises outlook for 2023 following strong first quarter

Retrieved on: 
Friday, May 5, 2023

GEA now expects ROCE to be more than 32.0 percent at constant exchange rates (previously: at least 29.0 percent).

Key Points: 
  • GEA now expects ROCE to be more than 32.0 percent at constant exchange rates (previously: at least 29.0 percent).
  • In the first quarter of 2023, the share of service revenue increased from 36.2 percent to 36.6 percent.
  • Earnings per share before restructuring expenses came to EUR 0.54 in the first quarter, compared with EUR 0.43 in the prior-year quarter.
  • Following a strong first quarter, GEA has raised its outlook for fiscal year 2023.

EQS-News: Krones AG: Krones made a very good start to the 2023 financial year

Retrieved on: 
Friday, May 5, 2023

Based on the positive first-quarter trend, Krones is confident of meeting the forecast for 2023.

Key Points: 
  • Based on the positive first-quarter trend, Krones is confident of meeting the forecast for 2023.
  • The strong demand means that Krones’ order backlog further increased in the first three months of 2023.
  • Krones’ revenue from January to March 2023 increased by a substantial 21.4% year on year, from €987.2 million to €1,198.8 million.
  • At group level, Krones is forecasting an EBITDA margin of 9% to 10% for 2023 (2022: 8.9%).