SBF

DGAP-News: SBF publishes 2021 consolidated financial statements and plans significant growth for 2022

Retrieved on: 
Friday, May 13, 2022 - 12:08pm

Group sales grow by 45.7% to 31.2 million (2020: 21.4 million)

Key Points: 
  • Group sales grow by 45.7% to 31.2 million (2020: 21.4 million)
    Significant growth expected for 2022: sales of more than 40 million
    Leipzig, May 13, 2022 SBF AG (ISIN: DE000A2AAE22; WKN A2AAE2, SBF), a listed supplier of LED lighting systems for rolling stock and industry, today published its audited consolidated financial statements for 2021.
  • With a significant increase in revenue and earnings, the fiscal year 2021 marks a record level in the company's development.
  • The realization of hidden reserves in inventories acquired from Lunux Lighting GmbH in 2020 resulted in extraordinary income of 1.4 million.
  • In the Rolling Stock business segment, sales in the annual financial statements of SBF Spezialleuchten GmbH rose to 21.5 million, with EBITDA of 3.8 million.

UNDETERRED BY HIGH GAS PRICES, 77% OF CANADIANS ARE PLANNING TO TRAVEL THIS SUMMER

Retrieved on: 
Thursday, May 12, 2022 - 8:55pm

The poll found that nearly all (91%) Canadians are planning to reinstate activities that they had to set aside over the past few years.

Key Points: 
  • The poll found that nearly all (91%) Canadians are planning to reinstate activities that they had to set aside over the past few years.
  • Rising gas prices are a consideration, but not a deterrent
    The increasing price of gas has certainly added a new consideration for road tripping this summer.
  • Those planning trips are finding ways to save on gas, like ensuring their vehicle is properly serviced (20%), however 27% of respondents are so excited about their summer road trips that they aren't worried about saving on gas.
  • Four in ten (39%) Canadians are planning to take more vacation time this summer than they did last year.

Vallourec: Restart of operations at the iron ore mine in Brazil

Retrieved on: 
Wednesday, May 4, 2022 - 7:00am

Meudon (France), May 4th, 2022 Vallourec announces that it has restarted operations partially at its iron ore mine, after having obtained the approval of the mining authorities to resume them for a period of 3 months, without using the waste pile.

Key Points: 
  • Meudon (France), May 4th, 2022 Vallourec announces that it has restarted operations partially at its iron ore mine, after having obtained the approval of the mining authorities to resume them for a period of 3 months, without using the waste pile.
  • Under these temporary conditions, it is targeted to progressively ramp up from 70% to full capacity.
  • Vallourec continues to, in parallel, prepare the return to normal operations, which will be subject to the validation of the stability of the waste pile by the mining and state environmental authorities.
  • In the United States, Vallourec has established a sponsored Level 1 American Depositary Receipt (ADR) program (ISIN code: US92023R4074, Ticker: VLOWY).

Bureau Veritas Appoints Marissa Minardi as Vice President of Corporate Social Responsibility and Environment for North America

Retrieved on: 
Tuesday, May 3, 2022 - 4:00pm

NEW YORK, May 3, 2022 /PRNewswire/ -- Bureau Veritas , a world leader in testing, inspection and certification, today announced Marissa Minardi has been appointed Vice President of Corporate Social Responsibility and Environment for North America, effective immediately.

Key Points: 
  • NEW YORK, May 3, 2022 /PRNewswire/ -- Bureau Veritas , a world leader in testing, inspection and certification, today announced Marissa Minardi has been appointed Vice President of Corporate Social Responsibility and Environment for North America, effective immediately.
  • Minardi will report directly to Shawn Till, EVP and CEO of Bureau Veritas North America.
  • "We are pleased to welcome Marissa to the Bureau Veritas family," said Shawn Till, EVP and CEO, Bureau Veritas, North America.
  • "I am proud to assume the role of vice president of corporate social responsibility and environment at Bureau Veritas North America," said Marissa Minardi, Vice President of Corporate Social Responsibility and Environment,Bureau Veritas, North America.

Vallourec announces investment in Closed Loop Geothermal Company GreenFire Energy

Retrieved on: 
Tuesday, May 3, 2022 - 7:01am

Vallourec and GreenFire Energy have been working together since 2019 on several successful Closed- Loop Geothermal demonstrators in various fields.

Key Points: 
  • Vallourec and GreenFire Energy have been working together since 2019 on several successful Closed- Loop Geothermal demonstrators in various fields.
  • While conventional systems rely on the exploitation of geothermal resources in very specific areas, Advanced Geothermal Systems such as the one developed by GreenFire Energy - could unlock the possibility of producing energy virtually anywhere.
  • Thanks to its THERMOCASE VIT solution, Vallourec is also at the forefront in the development of closed loop geothermal technology and systems.
  • GreenFire Energy develops and implements innovative geothermal technology to accelerate the worlds transition to clean, continuous renewable energy.

Bureau Veritas Announces Opening of Food Safety and Quality Testing Laboratory in the United States

Retrieved on: 
Monday, May 2, 2022 - 5:00pm

The new laboratory offers rapid pathogen testing as well as microbiology indicator analyses to ensure the safety of food and agriculture commodities.

Key Points: 
  • The new laboratory offers rapid pathogen testing as well as microbiology indicator analyses to ensure the safety of food and agriculture commodities.
  • Bureau Veritas' Reno laboratory is apart of its broader network of agri-food accredited microbiology and chemistry laboratories in North America.
  • Bureau Veritas is a world leader in laboratory testing, inspection and certification services.
  • Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40 ESG, CAC Next 20 and SBF 120 indices.

Ulrika Wising is appointed Senior Vice President Energy Transition of Vallourec and joins the Executive Committee

Retrieved on: 
Monday, May 2, 2022 - 5:03pm

Meudon (France), 2 May 2022 Vallourec, a world leader in premium tubular solutions, announces the appointment of Ulrika Wising as Senior Vice President Energy Transition.

Key Points: 
  • Meudon (France), 2 May 2022 Vallourec, a world leader in premium tubular solutions, announces the appointment of Ulrika Wising as Senior Vice President Energy Transition.
  • She joins the Group's Executive Committee and reports to Philippe Guillemot, Chairman of the Board of Directors and Chief Executive Officer.
  • She will strengthen our focus and commitments to energy transition and will be responsible for accelerating and developing new profitable business opportunities for the Group.
  • After obtaining a PhD in Chemical Engineering from Chalmers University in Gothenburg, Ulrika forged a career in the energy transition.

DGAP-News: SBF achieves record revenues and earnings in the 2021 financial year and provides positive outlook

Retrieved on: 
Thursday, April 28, 2022 - 8:04am

Rudolf Witt, Member of the Management Board of SBF AG comments: "The year 2021 was extremely successful and eventful for us.

Key Points: 
  • Rudolf Witt, Member of the Management Board of SBF AG comments: "The year 2021 was extremely successful and eventful for us.
  • In a challenging market environment with the global supply chain issue and the Corona pandemic, both revenue and profit increased significantly.
  • Nevertheless, our figures make it clear that we have positioned SBF robustly for the future with consistency and foresight.
  • In the 'Industrial Lighting' business area, SBF offers modern and smart LED systems for efficient lighting of roads, railroad stations and industrial plants.

BOEM Approves Bureau Veritas' Nomination as a Certified Verification Agent (CVA)

Retrieved on: 
Wednesday, April 27, 2022 - 4:00pm

NEW YORK, April 27, 2022 /PRNewswire/ -- Bureau Veritas today announced that the U.S. Bureau of Ocean Energy Management (BOEM) had approved its nomination as Certified Verification Agent (CVA) for the US Wind, Inc. (US Wind) MarWin project, offshore of Maryland.

Key Points: 
  • NEW YORK, April 27, 2022 /PRNewswire/ -- Bureau Veritas today announced that the U.S. Bureau of Ocean Energy Management (BOEM) had approved its nomination as Certified Verification Agent (CVA) for the US Wind, Inc. (US Wind) MarWin project, offshore of Maryland.
  • This approval of the nomination demonstrates that Bureau Veritas meets the strict CVA criteria, and successfully maintains adherence to highly regulated qualifications requirements set forth by BOEM.
  • Bureau Veritas works closely with US Wind as an independent third-party verification agent for its MarWin offshore wind project.
  • "We are excited to be appointed as the Certified Verification Agent by US Wind.

First quarter 2022: Performing well

Retrieved on: 
Thursday, April 21, 2022 - 4:47pm

That said, compared to Q1 2020 and Q1 2019, the citizens segment has shown 39% and 52% organic growth, respectively.

Key Points: 
  • That said, compared to Q1 2020 and Q1 2019, the citizens segment has shown 39% and 52% organic growth, respectively.
  • Profitability is up compared to the first quarter of 2021 and in line with the objectives for the year.
  • The generation of free cash flow from operations has similarly increased and is also in line with expectations.
  • The company is part of the SBF 120 and Mid-60 indices and is eligible for the Deferred Settlement Service (SRD).