Realignment

KVH Announces Transformative Initiatives

Retrieved on: 
Tuesday, February 13, 2024
Hardware, KVH, Starlink, Eutelsat, Communication, Wind, Integration, Realignment, Workforce, Management

MIDDLETOWN, R.I., Feb. 13, 2024 (GLOBE NEWSWIRE) -- KVH Industries, Inc. (“KVH” or the “Company”) (Nasdaq: KVHI), today announced plans to wind down its hardware manufacturing operations to focus on strengthening its position as a streamlined provider of multi-orbit, multi-channel, integrated communications solutions. This development follows the Company’s recently announced additions of Starlink and Eutelsat OneWeb to its connectivity portfolio and its exclusive maritime agreement with Kognitive Networks. The Company also announced changes to its management team.

Key Points: 
  • David Tolley, Chairman of KVH, commented, “Today’s announcement is the culmination of the Board’s extensive examination for how to best position KVH for the future as our markets continue to evolve.
  • During this process, KVH plans to manufacture enough maritime satellite connectivity and satellite television terminals needed to meet demand for the foreseeable future.
  • KVH will continue to conduct its equipment repair and refurbishments, warehousing and shipping and receiving activities at the Middletown, Rhode Island location.
  • KVH expects to release earnings and host a conference call in early March to discuss the Company’s ongoing strategic evolution along with fourth quarter and full-year 2023 results.

EQS-News: Mutares increases consolidated revenues by 27% after nine months – largest exit in the Company's history successfully completed in the third quarter

Retrieved on: 
Thursday, December 14, 2023
Food, Peugeot, SMP, Depreciation, Tier 2, Realignment, Sale, CIE Automotive, Tax, Rasche, Investment, EBITDA, Maschinenfabrik Liezen und Gießerei, ISIN, Tier 1, Growth, Retail Food Group, Steyr Motors GmbH, Acquisition, Mobility, Restaurant, Automotive industry, Goods, Film industry, Lithium, Real estate, Fine chemical, EUR, Arriva, Palmia, Mutares

Portfolio Income3) amounted to EUR 76.5 million for the reporting period (previous year: EUR 49.4 million).

Key Points: 
  • Portfolio Income3) amounted to EUR 76.5 million for the reporting period (previous year: EUR 49.4 million).
  • At Group level, Mutares generated revenues of EUR 3,402.5 million in the first nine months of the fiscal year 2023 (previous year: EUR 2,677.6 million).
  • On the sales side, Mutares successfully completed a total of six transactions in the nine-month period of 2023.
  • Revenues in the Automotive & Mobility segment amounted to EUR 1,357.1 million in the reporting period (previous year: EUR 707.8 million).

EQS-News: Mutares SE & Co. KGaA: Mutares increases consolidated revenues by 30% in the first half of the year – significant increase in profitability in all segments

Retrieved on: 
Thursday, August 10, 2023
Tax, Steyr Motors GmbH, Interest, Goods, SMP, Realignment, Automotive industry, Singapore Police Service Good Service Medal, Sale, Retail, EBITDA, Retail Food Group, BEW, Acquisition, Investment, Depreciation, Modern Academy For Engineering & Technology, ISIN, RTS Flexible Systems Ltd v Molkerei Alois Müller GmbH & Co KG, Growth, Mobility, Peugeot Motocycles, Earnings, Film industry, Lithium, Rare-earth element, EUR, Mutares, Palmia

A significant increase in revenues was achieved both at the Company level ("Mutares Holding") and at the Group level ("Mutares Group").

Key Points: 
  • A significant increase in revenues was achieved both at the Company level ("Mutares Holding") and at the Group level ("Mutares Group").
  • The net income of Mutares Holding amounts to EUR 13.2 million in the first half of the year (H1 2022: EUR 14.2 million).
  • The Mutares Group generated revenues of EUR 2,273.6 million in the first half of 2023 (H1 2022: EUR 1,754.6 million).
  • Revenues in the Automotive & Mobility segment amounted to EUR 932.0 million in the reporting period (H1 2022: EUR 457.5 million).

Hyzon Motors, Inc. Announces First Quarter 2023 Financial and Operational Results

Retrieved on: 
Thursday, June 8, 2023
FCEV, Intellectual property, Executive, Table, Investment, ISO, Realignment, Sarbanes–Oxley Act, CHRO, GAAP, Research, Chief technology officer, Ratio, Membrane electrode assembly, Accounting, Government, Certification, Revenue, Public expenditure, Performance Food Group, EBITDA, Cost, Engineering, Jia Jia, R, Adjustment, PFG, American Honda Motor Company, Hyundai ix35 FCEV, Satellite navigation device, Rail transport, Audit, Management, 3D printing, Cryptocurrency, Renewable energy, Wabtec, Juve, Hyzon Motors, Caterpillar

ROCHESTER, N.Y., June 8, 2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) ("Hyzon" or the "Company"), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles ("FCEVs"), announced its first quarter 2023 financial results and provided a business update.

Key Points: 
  • ROCHESTER, N.Y., June 8, 2023 /PRNewswire/ -- Hyzon Motors Inc. (NASDAQ: HYZN) ("Hyzon" or the "Company"), a high-power hydrogen fuel cell technology developer and global supplier of zero-emission heavy-duty fuel cell electric vehicles ("FCEVs"), announced its first quarter 2023 financial results and provided a business update.
  • During the first quarter of 2023, net loss was $30.3 million, EBITDA was $(29.3) million and adjusted EBITDA was $(27.3) million.
  • Reported unrestricted cash, cash equivalents, and short-term investments of $209.0 million as of March 31, 2023, and approximately $185 million as of May 31, 2023.
  • These non-GAAP financial measures have been reconciled to the nearest GAAP measure in the tables under "Non-GAAP Financial Measures" within this press release.

EQS-News: Mutares publishes annual report 2022 and records renewed growth: Mutares Holding's net income rises to record level of EUR 72.9 million in 2022 and is expected to continue to grow strongly in 2023

Retrieved on: 
Tuesday, April 18, 2023
Singapore Armed Forces Good Service Medal, Saskatchewan River Sturgeon Management Board, LMS, Goods, Modern Academy For Engineering & Technology, Annual, Tax, Realignment, Record, Automotive industry, EBITDA, Acquisition, Tomos, Investment, ISIN, Depreciation, Growth, Mobility, Annual report, Annual general meeting, Renewable energy, Film industry, Lithium, Cryptocurrency, EUR, Mutares

Net income of the Mutares Holding increased by 44% to EUR 72.9 million (previous year: EUR 50.7 million).

Key Points: 
  • Net income of the Mutares Holding increased by 44% to EUR 72.9 million (previous year: EUR 50.7 million).
  • The Mutares Group generated consolidated revenues of EUR 3,751.7 million in the financial year 2022 (previous year: EUR 2,504.0 million).
  • In the Automotive & Mobility segment, revenues increased to EUR 1,081.6 million in the financial year 2022 (previous year: EUR 719.9 million).
  • Adjusted EBITDA amounted to EUR 24.8 million in the financial year 2022 (previous year: EUR -13.2 million).

EQS-News: Mutares with high transaction activity and strong growth in the first nine months of 2022 

Retrieved on: 
Friday, November 11, 2022
Harvest, Modern Academy For Engineering & Technology, Income, Mobility, Realignment, Singapore Police Service Good Service Medal, Investment, Group, Mutares, ISIN, Environment, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Sale, Depreciation, STS Group, Time, EBITDA, Adjustment, Goods, Automotive industry, Growth, Technology, Tax, Acquisition, EUR, Film, Fine chemical

The course of business in the reporting period was characterized, in particular, by continued high level of transaction activity.

Key Points: 
  • The course of business in the reporting period was characterized, in particular, by continued high level of transaction activity.
  • The increase is attributable to the high transaction activity and a consequently enlarged portfolio.
  • The Mutares Group generated revenues of EUR 2,677.6 million in the first nine months of financial year 2022 (previous year: EUR 1,762.7 million).
  • The significant growth is mainly a result of the high transaction activity in the second half of 2021 as well as in the reporting period.

DGAP-News: Mutares SE & Co. KGaA: Mutares increases consolidated revenues by 60% in the first half of the year – Target of at least EUR 4.0 billion consolidated revenues for 2022

Retrieved on: 
Thursday, August 11, 2022
Peer Raben, Allegheny Technologies, ISIN, Investment, Sale, Group, Saskatchewan River Sturgeon Management Board, History, Earnings, Raben Group, EBITDA, COVID-19, EXI, Acquisition, Interest, STS Group, Depreciation, Mobility, Goods, Net income, Technology, Automotive industry, Tax, Good Service Medal, Bronze, Realignment, Solution, NIU College of Engineering and Engineering Technology, Film, Renewable energy, Mutares, EUR

Revenues and dividends from the portfolio result in the so-called "Portfolio Income", which amounts to EUR 32.6 million for the first half of 2022 (H1 2021: EUR 23.0 million).

Key Points: 
  • Revenues and dividends from the portfolio result in the so-called "Portfolio Income", which amounts to EUR 32.6 million for the first half of 2022 (H1 2021: EUR 23.0 million).
  • The Mutares Group generated revenues of EUR 1,754.6 million in the first half of 2022 (H1 2021: EUR 1,093.9 million).
  • Segment EBITDA amounted to EUR -40.3 million in the first half of 2022 (H1 2021: EUR -2.6 million), while Adjusted EBITDA was EUR -36.5 million (H1 2021: EUR 4.7 million).
  • Revenues of the Goods & Services segment amounted to EUR 746.8 million in the first half of 2022 (H1 2021: EUR 327.9 million).

DGAP-News: Mutares SE & Co. KGaA: Successful first quarter of 2022 – High transaction activity and full acquisition pipeline with more than EUR 11 billion revenue volume

Retrieved on: 
Tuesday, May 10, 2022
NIU College of Engineering and Engineering Technology, Semiconductor, Investment, Engineering & Technology, ISH, Singapore Armed Forces Good Service Medal, EXI, EBITDA, STS Group, Goods, Tax, Mutares, EUR, LMS, Depreciation, ISIN, Mobility, Sale, Realignment, Solution, Technology, Growth, Automotive industry, IPO, Acquisition, Security (finance), Film, Bank, Siemens Energy, Group

Both on the level of the company ("Mutares Holding") and in the Group ("Mutares Group") significant growth in revenues was recorded.

Key Points: 
  • Both on the level of the company ("Mutares Holding") and in the Group ("Mutares Group") significant growth in revenues was recorded.
  • At Group level, Mutares generated consolidated revenues of EUR 852.5 million in the first quarter of financial year 2022 (previous year: EUR 493.8 million).
  • As a result, Group EBITDA amounted to EUR - 14.3 million in the first quarter of 2022 (previous year: EUR + 53.8 million).
  • In the Automotive & Mobility segment, revenues increased to EUR 234.1 million in the first quarter of 2022 (previous year: EUR 187.0 million).

DGAP-News: Financial year 2021: Net profit of Mutares Holding rises to record level of EUR 50.7 million, further increase to at least EUR 72.0 million expected for 2022

Retrieved on: 
Tuesday, April 12, 2022
EBITDA, Financial Oversight and Management Board for Puerto Rico, Realignment, Automotive industry, Management, ISIN, Depreciation, Education, Annual, CFA, Sale, Allegheny Technologies, Poste italiane, SE, Investment management, ATI, Solution, Tax, Income, Policy, Singapore Armed Forces Good Service Medal, Uncertainty, IPO, Goods, Technology, Lords Institute of Engineering & Technology, EXI, ISH, NCC, Investment, Growth, Company, SFC, COVID-19, STS Group, EUR, Mobility, Interiors, Acquisition, LMS, Film, Retail, Vallourec, Mutares, Chimera (genetics), Group

At Group level, Mutares generated consolidated revenues of EUR 2,504.0 million in financial year 2021 (previous year: EUR 1,583.9 million).

Key Points: 
  • At Group level, Mutares generated consolidated revenues of EUR 2,504.0 million in financial year 2021 (previous year: EUR 1,583.9 million).
  • In the Automotive & Mobility segment, revenues increased to EUR 719.9 million in financial year 2021 (previous year: EUR 602.4 million).
  • Revenues in the Goods & Services segment grew to EUR 912.4 million in financial year 2021 (previous year: EUR 446.7 million).
  • Adjusted EBITDA was EUR -13.2 million in financial year 2021 (previous year: EUR -17.0 million).

Kellton Tech Announces Strategic Business Restructuring, Integrates Global Operations to Meet Growth Aspirations

Retrieved on: 
Wednesday, March 16, 2022
Deloitte Technology Fast 500, Intelligence, Solution, Technology, Development, Partnership, Realignment, Kellton Tech, SME, Forbes, Billion, Fortune 500, BSE, Growth, Enablement, Marketing, Fine chemical

As part of this, Kellton Tech has integrated its global operations to improve client services and become an even stronger partner of choice for digital transformation and innovation.

Key Points: 
  • As part of this, Kellton Tech has integrated its global operations to improve client services and become an even stronger partner of choice for digital transformation and innovation.
  • Speaking on the initiative, Krishna Chintam - Global CEO and Managing Director - Kellton Tech, said:
    "At Kellton Tech, our business model is rooted in relevance.
  • Kellton Tech is a global technology consulting and IT services company founded on the belief of exploring 'Infinite Possibilities with Technology.'
  • With operations across the US, Europe, India, and the Asia Pacific and a global team of 1500+ employees, Kellton Tech enables clients to use technology as their competitive advantage.