Executive Board of the European Central Bank

Highlights - Appointment of a Member of the Executive Board of the European Central Bank - Committee on Economic and Monetary Affairs

Retrieved on: 
Tuesday, October 17, 2023

Appointment of a Member of the Executive Board of the European Central Bank

Key Points: 
  • Appointment of a Member of the Executive Board of the European Central Bank
    12-10-2023 - 18:17
    The term of Fabio Panetta, Member of the Executive Board of the ECB, will end on 31 October 2023.
  • In accordance with Article 283 TFEU the European Council has consulted Parliament on the Council recommendation to appoint Piero Cipollone as a new member of the Executive Board of the ECB.
  • On Monday 9 October, from 16.00 to 17.00, ECON members had an exchange of views with Piero Cipollone, the candidate selected for the position and then voted in favour for the appointment on the same day, with 30 votes in favour, 3 votes against and 2 abstentions.

EQS-News: Endor AG publishes half-year report 2023

Retrieved on: 
Thursday, August 31, 2023

Consolidated revenues of EUR 41.3 million in the first six months, in line with budget despite decline

Key Points: 
  • Consolidated revenues of EUR 41.3 million in the first six months, in line with budget despite decline
    Revenue turnaround in second quarter, up 39% compared to previous quarter
    Landshut, 31 August 2023 – Endor AG today published its half-year report 2023.
  • According to the report, the company's consolidated revenues in the first six months of 2023 amounted to EUR 41.3 million, compared to EUR 79.3 million in the previous year (-48%).
  • For the full year 2023, the Executive Board of Endor AG expects consolidated revenues to remain roughly at the previous year's level (Range EUR 105 to 125 million) and an EBITDA margin in the lower double-digit range.
  • Endor AG will hold an investor call on the current figures on 5 September at 15:00 (CEST).

Highlights - Exchange of views with Fabio Panetta, Member of the Executive Board of the ECB - Committee on Economic and Monetary Affairs

Retrieved on: 
Thursday, August 31, 2023

Exchange of views with Fabio Panetta, Member of the Executive Board of the ECB

Key Points: 
  • Exchange of views with Fabio Panetta, Member of the Executive Board of the ECB
    30-08-2023 - 10:19
    On 4 September, from 16:00 to 17:00, Mr Fabio Panetta, member of the ECB Executive Board and Chair of the Task Force on Central Bank Digital Currency, will inform ECON Members about the progress made regarding the digital euro project.
  • In January 2020, the ECB Governing Council created the Eurosystem's High-Level Task Force on Central Bank Digital Currency.
  • In October that same year, the Task Force produced a report on the digital euro.
  • In July 2021, the Governing Council decided to launch an "investigation phase" of the digital euro project, which is expected to last 2 years.

EQS-News: FRIWO AG: FRIWO impacted by declining demand in segment e-mobility in the second quarter - production accelerates within the Indian joint venture

Retrieved on: 
Thursday, August 10, 2023

As a result, turnover in the second quarter of 2023, at 28.8 million euros, was substantially below the comparable figure for the previous year (44.2 million euros).

Key Points: 
  • As a result, turnover in the second quarter of 2023, at 28.8 million euros, was substantially below the comparable figure for the previous year (44.2 million euros).
  • At the six-month mark, the company reported revenues of 59.7 million euros, down from 73.2 million euros (H1-2022).
  • At the end of the first half of the year, earnings were down 1.7 million euros (H1-2022: 0.1 million euros).
  • This includes substantial pre-production costs for the Indian joint venture and negative currency effects.

EQS-News: PSI with strong industrial business and one-time expenses in the Electrical Networks business in the first half-year

Retrieved on: 
Thursday, July 27, 2023

Group net income deteriorated accordingly to −8.7 million euros (June 30, 2022: 4.4 million euros).

Key Points: 
  • Group net income deteriorated accordingly to −8.7 million euros (June 30, 2022: 4.4 million euros).
  • At 169 million euros, new orders were 12.7% higher than in the same period of the previous year (June 30, 2022: 150 million euros).
  • At 197 million euros, the order backlog at June 30, 2023 exceeded the prior-year figure by 4.8% (June 30, 2022: 188 million euros).
  • In fiscal year 2022, PSI generated annual sales of just under 250 million euros with more than 2,200 employees in 17 countries.