Federal Executive Boards

EQS-News: freenet AG: freenet continues to impress with strong customer growth in IPTV and specifies 2023 guidance

Retrieved on: 
Monday, December 25, 2023
Investment, Federal Executive Boards, Marketing, Growth, Corridor, EUR

At the same time, free cash flow increased by 6.3% to EUR 199.1 million (prior-year period: EUR 187.3 million).

Key Points: 
  • At the same time, free cash flow increased by 6.3% to EUR 199.1 million (prior-year period: EUR 187.3 million).
  • Increased service revenues and an overall stable overhead cost base in relation to growth are the main reasons for the increased profitability.
  • In view of this development and the continued positive business outlook, the Executive Board is raising its guidance for EBITDA in the current financial year to between EUR 495 and EUR 505 million (initial: EUR 480 - EUR 500 million) and narrowing its expectations for free cash flow to the upper end of the guidance range (EUR 260 - EUR 270 million; initial: EUR 250 - EUR 270 million).
  • This already takes into account the company's investments in raising awareness of the "freenet" and "waipu.tv" brands in the form of extensive marketing activities.

EQS-News: Aurubis achieves good full-year result of € 349 million despite extraordinary effects caused by criminal activities

Retrieved on: 
Thursday, December 21, 2023
EBITDA, Probability, Growth, Federal Executive Boards, Sustainability, Nickel, EBT, ROCE, Recycling, Metal, Supervision, News, Zinc, PMR, Tin, Selenium, Frankfurt Stock Exchange, Natural Resources, Annual, Safety, Insurance, Lead, Complex, Tax, Copper, MDAX, María Elena Álvarez-Buylla Roces, Webcast, Security (finance), Cryptocurrency, Renewable energy, Aurubis

After the record result in fiscal year 2021/22, the deviations were mainly attributable to the financial impact of the criminal activities directed against Aurubis.

Key Points: 
  • After the record result in fiscal year 2021/22, the deviations were mainly attributable to the financial impact of the criminal activities directed against Aurubis.
  • *
    “We can be pleased with the result of the past fiscal year, considering that it is the third-best result in company history – especially in light of the damages caused by the criminal activities directed against Aurubis.
  • Good operating performance coupled with high market demand for our products are clear proof of Aurubis’ potential.
  • The financial impact on the result deriving from the criminal activities directed against Aurubis was significant as well.

Bellevue Asset Management AG – Are healthcare stocks poised for a comeback?

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Thursday, December 21, 2023
Annual report, Post office box, Vertex Pharmaceuticals, Novo Nordisk, Investment, Capital, Intuitive Surgical, Diabetes, CRISPR Therapeutics, Montreux Healthcare Fund, SIX Swiss Exchange, ChatGPT, Acquisition, Artificial intelligence, Health care, Lux, Growth, AI, Grand Canal Dock, Eli Lilly, Economics, Judgement, Risk, University of Zurich, Clinical trial, AG, House, CNMV, Prospectus, Biotechnology, Hematology, Thermo Fisher Scientific, Doctor of Philosophy, DNA, Genome, Roche, History, Therapy, Failure, Health, D, Patient, Obesity, CHF, Medtech, South, TEL, Harmony Row, Research, SICAV, University, Federal Executive Boards, News, DSM-IV codes, Pharmaceutical industry, Medical device, Cryptocurrency, Libre, Amgen

Bellevue Asset Management AG – Are healthcare stocks poised for a comeback?

Key Points: 
  • Bellevue Asset Management AG – Are healthcare stocks poised for a comeback?
  • In his investment outlook for 2024, Cyrill Zimmermann, a member of Bellevue Asset Management’s Executive Board and Head of Healthcare Funds & Mandates, explains why it is probably only a matter of time before healthcare stocks are rediscovered by the wider investment community.
  • In view of this dynamic situation, Bellevue Asset Management launched Bellevue Obesity Solutions in November, a fund that invests in the most attractive companies across the entire value chain for obesity treatment and management.
  • Dr. Cyrill Zimmermann is Head of Healthcare Funds & Mandates and a member of the Executive Board of Bellevue Asset Management.

NVIDIA Introduces Generative AI Foundry Service on Microsoft Azure for Enterprises and Startups Worldwide

Retrieved on: 
Wednesday, November 15, 2023
Cloud, Machine learning, Getty, DNA, Data science, SAP, Telecommunications, Collection, Triton, Element, Amdocs, Federal Executive Boards, NVIDIA, SAP SE, First officer (aviation), DGX, Microsoft Azure, Software, Ohimai Amaize, Partnership, SE, AI, Business, Microsoft, Silicon, RAG, LLM, Joule, Video game, Customer service, Sales, Azure

SEATTLE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Microsoft Ignite— NVIDIA today introduced an AI foundry service to supercharge the development and tuning of custom generative AI applications for enterprises and startups deploying on Microsoft Azure.

Key Points: 
  • With NVIDIA AI Foundation Models, Train on NVIDIA DGX Cloud, Deploy With NVIDIA AI Enterprise Software
    SEATTLE, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Microsoft Ignite— NVIDIA today introduced an AI foundry service to supercharge the development and tuning of custom generative AI applications for enterprises and startups deploying on Microsoft Azure.
  • The NVIDIA AI foundry service pulls together three elements — a collection of NVIDIA AI Foundation Models , NVIDIA NeMo ™ framework and tools, and NVIDIA DGX™ Cloud AI supercomputing services — that give enterprises an end-to-end solution for creating custom generative AI models.
  • “With NVIDIA’s generative AI foundry service on Microsoft Azure, we’re providing new capabilities for enterprises and startups to build and deploy AI applications on our cloud.”
    NVIDIA’s AI foundry service can be used to customize models for generative AI-powered applications across industries, including enterprise software, telecommunications and media.
  • NVIDIA AI Enterprise is also available on Azure Marketplace , providing businesses worldwide with broad options for production-ready AI development and deployment of custom generative AI applications.

AWS Unveils Next Generation AWS-Designed Chips

Retrieved on: 
Tuesday, November 28, 2023
Data Management, Technology, Other Technology, Networks, Internet, Hardware, Cloud, Zendesk, Amazon Elastic Compute Cloud, NVIDIA, Databricks, Memory, SE, Workload, Amazon ElastiCache, Generative, Safety, Organization, Multimedia, SAP, AMZN, AI, Discovery, Stripe, Mosaic, Amazon (company), DirecTV, Federal Executive Boards, Computing, Machine learning, Pinterest, SAP SE, Computer and network surveillance, AMD, Honeycomb, Datadog, F1, Snowflake, AWS Lambda, LLM, Data management, Research, FMS, Amazon Relational Database Service, EFA, Nielsen, Comcast, Intel, Fortnite, EC2, AWS Graviton, 3D, AWS, Environment, Amazon Aurora, Epic, Video game, Graviton, Amazon, Anthropic principle

“Silicon underpins every customer workload, making it a critical area of innovation for AWS,” said David Brown, vice president of Compute and Networking at AWS.

Key Points: 
  • “Silicon underpins every customer workload, making it a critical area of innovation for AWS,” said David Brown, vice president of Compute and Networking at AWS.
  • Graviton is supported by many AWS managed services, including Amazon Aurora, Amazon ElastiCache, Amazon EMR, Amazon MemoryDB, Amazon OpenSearch, Amazon Relational Database Service (Amazon RDS), AWS Fargate, and AWS Lambda, bringing Graviton’s price performance benefits to users of those services.
  • AWS already provides the broadest and deepest choice of Amazon EC2 instances featuring ML chips, including the latest NVIDIA GPUs, Trainium, and Inferentia2.
  • “We are working closely with AWS to develop our future foundation models using Trainium chips.

Hilti Group Measures Circularity with SAP Business Technology Platform

Retrieved on: 
Wednesday, November 22, 2023
BCG, Construction, NYSE, Organization, SAP, Recycling, Electronics, History, Database, Running, Boston Consulting Group, Circular economy, Federal Executive Boards, Automation, SAP SE, Hilti, Software, Work, SE, Environment, Customer success, Lumber

WALLDORF, Germany, Nov. 22, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that The Hilti Group , a global leader providing innovative hardware, software and services to the construction industry, is using the Circelligence solution to increase the circularity of its resources.

Key Points: 
  • WALLDORF, Germany, Nov. 22, 2023 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced that The Hilti Group , a global leader providing innovative hardware, software and services to the construction industry, is using the Circelligence solution to increase the circularity of its resources.
  • Developed by Boston Consulting Group (BCG), an SAP global strategic partner, the Circelligence tool, built on SAP Business Technology Platform (SAP BTP), uses BCG's "Circelligence" methodology to help Hilti maximize the value of raw materials and resources.
  • Prioritizing the circular economy and sustainability, Hilti is embedding circularity in its operations, a move that establishes the benchmark for sustainable practices in the construction industry.
  • "With the help of our partner Boston Consulting Group, Hilti will now be leveraging the power of SAP Business Technology Platform to use more contextual data across their processes to get closer to their vision of helping to create a circular economy."

SAP and the Mercedes-AMG PETRONAS F1 Team Join Forces to Drive Efficiency On and Off the Racetrack

Retrieved on: 
Tuesday, November 21, 2023
Cloud, NYSE, Engineering, SAP, SAP Business Connector, Mercedes-AMG, Mercedes-Benz in Formula One, Federal Executive Boards, Artificial intelligence, Formula, SAP SE, Formula One, Partnership, SE, US F1 Team, Architecture, Management

As an Official Team Partner, SAP is teaming up with the Mercedes-AMG PETRONAS F1 Team to accelerate operational efficiency and unlock new data insights to deliver performance gains.

Key Points: 
  • As an Official Team Partner, SAP is teaming up with the Mercedes-AMG PETRONAS F1 Team to accelerate operational efficiency and unlock new data insights to deliver performance gains.
  • The Mercedes-AMG PETRONAS F1 Team plans to navigate this complex course by using the SAP S/4HANA Finance solution to allocate, save and use resources more efficiently.
  • SAP is proud to partner with the Mercedes-AMG PETRONAS F1 Team to make sure its operations are as fine-tuned as its cars."
  • "We are delighted to announce SAP as an Official Team Partner of the Mercedes-AMG PETRONAS F1 Team," said Toto Wolff, CEO and Team Principal, Mercedes-AMG PETRONAS F1 Team.

EQS-News: Turnover of the Sto Group down by 4.1 % to EUR 1,325.5 million in the first nine months of 2023

Retrieved on: 
Thursday, December 14, 2023
Finance, Telephone, News, Heat, Federal Executive Boards, Workforce, EBIT, Inventory, Weather, Uncertainty, Gesellschaft mit beschränkter Haftung, EBT, Intangibles, Security (finance), Lithium, Music, Cryptocurrency, EUR

In the first nine months of 2023, Sto SE & Co. KGaA's consolidated turnover amounted to EUR 1,325.5 million and was hence down 4.1 % on the previous year (previous year: EUR 1,381.6 million).

Key Points: 
  • In the first nine months of 2023, Sto SE & Co. KGaA's consolidated turnover amounted to EUR 1,325.5 million and was hence down 4.1 % on the previous year (previous year: EUR 1,381.6 million).
  • as at the end of September (previous year: EUR 786.2 million), less currency translation effects of 1.4%.
  • In Germany, the turnover volume fell by 5.6 % year-on-year to EUR 561.8 million (previous year: EUR 595.4 million).
  • EBIT is expected to fall between EUR 118 million and EUR 143 million (2022: EUR 129.7 million) and EBT between EUR 117 million and EUR 142 million (2022: EUR 128.3 million).

EQS-News: DATAGROUP and STACKIT Form Strong Cloud Partnership

Retrieved on: 
Thursday, December 14, 2023
Cloud, Federal Executive Boards, Schwarz, Growth, WKN, Partnership, Video game, AI

On 1 October 2023, DATAGROUP SE (WKN A0JC8S) and STACKIT have formed a long-term partnership covering cloud infrastructure and cloud services.

Key Points: 
  • On 1 October 2023, DATAGROUP SE (WKN A0JC8S) and STACKIT have formed a long-term partnership covering cloud infrastructure and cloud services.
  • STACKIT Cloud, the German data-sovereign cloud alternative to American hyperscalers will be connected with DATAGROUP’s CORBOX cloud, so customer can take full advantage of both cloud environments without any difficulty.
  • This means that DATAGROUP customers can seamlessly use STACKIT Power in their infrastructure, while enjoying DATAGROUP’s fully managed outsourcing services on the STACKIT infrastructure.
  • Cloud expert STACKIT offers a large, scalable, efficient, and sovereign cloud landscape, optimally suited for native cloud applications.

EQS-News: EVN AG: Business development in the 2022/23 financial year

Retrieved on: 
Thursday, December 14, 2023
Heat, 2022–23 Salvadoran gang crackdown, DB Netze, EBITDA, Kilowatt-hour, EVN, EVN Group, Verbund, Investment, RAG, Weather, Capital expenditure, Growth, Plant, Financial result, Climate, Policy, Annual general meeting, Electricity, Federal Executive Boards, Wind, Drinking water, Film industry, Renewable energy, Cryptocurrency, Lithium, EUR, Weinviertel, EBIT

Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.
  • In the international project business, the largely completed wastewater treatment plant in Kuwait led to lower revenue.
  • This decline – which was already reported during the financial year – is attributable to the energy supply company EVN KG, where the development of earnings was significantly impaired by several factors.
  • Revaluations of EUR 3.2m were recorded to plants operated by EVN Wärme and EVN Wasser.