Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC

EQS-News: Francotyp-Postalia achieves earnings at the previous year's level in the first nine months of 2023

Retrieved on: 
Sunday, December 10, 2023

Berlin, November 23, 2023 –Francotyp-Postalia Holding AG (ISIN DE000FPH9000) today announced its financial results for the first nine months of 2023.

Key Points: 
  • Berlin, November 23, 2023 –Francotyp-Postalia Holding AG (ISIN DE000FPH9000) today announced its financial results for the first nine months of 2023.
  • Revenue of EUR 182.5 million declined by 3.3% compared to EUR 188.7 million in the same period of the previous year.
  • EBITDA for the first nine months of 2023 includes release of provisions of EUR 2 million due to changes in restructuring plans.
  • Free cash flow totaled EUR 5.6 million in the reporting period compared to EUR 6.9 million in the same period of the previous year.

Once More SIXT Achieves Record Revenue, While Reaching Over One Billion Euros in a Single Quarter for the First Time

Retrieved on: 
Wednesday, November 8, 2023

At EUR 1.13 billion (+13.2% compared to the same quarter of the previous year), SIXT thus also achieved a record revenue in the third quarter – same as in the first two quarters of 2023.

Key Points: 
  • At EUR 1.13 billion (+13.2% compared to the same quarter of the previous year), SIXT thus also achieved a record revenue in the third quarter – same as in the first two quarters of 2023.
  • This is particularly noteworthy as many strategic investments and, above all, exogenous effects had an impact on the result.
  • The significant changes in market conditions for electric vehicles in recent months had a negative impact on earnings as well.
  • Germany) SIXT recorded revenue of EUR 1.2 billion, an increase of 14.9% compared to the same period of last year.

EQS-News: SMT Scharf AG upgrades revenue and earnings guidance on the strength of preliminary Q3 2023 results 

Retrieved on: 
Tuesday, November 7, 2023

In addition to the revenue growth in the third quarter, cost savings realised within the SMT Scharf Group as well as currency effects exerted a positive effect.

Key Points: 
  • In addition to the revenue growth in the third quarter, cost savings realised within the SMT Scharf Group as well as currency effects exerted a positive effect.
  • Hans Joachim Theiss, CEO of SMT Scharf AG, comments: “The third quarter was characterised by a brightening of the business climate in mining markets that are relevant to the SMT Scharf Group.
  • SMT Scharf AG had last forecast consolidated revenue of EUR 73.0 million and negative EBIT of EUR -3.3 million.
  • SMT Scharf generates a large share of its revenue in growing foreign markets such as China, Russia, Poland and South Africa.

EQS-News: Q3 2023: ElringKlinger announces improved earnings and cash flow metrics

Retrieved on: 
Tuesday, November 7, 2023

In the Asia-Pacific region, ElringKlinger generated revenue of EUR 79.8 million in the period from July to September 2023 (Q3 2022: EUR 101.4 million).

Key Points: 
  • In the Asia-Pacific region, ElringKlinger generated revenue of EUR 79.8 million in the period from July to September 2023 (Q3 2022: EUR 101.4 million).
  • After deducting income tax expenses, ElringKlinger recorded net income for the period of EUR 4.7 million (Q3 2022: EUR 3.9 million).
  • ElringKlinger generated operating free cash flow of EUR 11.7 million in the third quarter of 2023 (Q3 2022: EUR -10.2 million).
  • As a result, cash flow improved significantly compared to the two previous quarters as well as on a year-on-year basis.

EQS-News: Mutares has entered into exclusive negotiations to acquire 80% equity of the TeamTex group from Nania Developpement and Credit Mutuel Equity

Retrieved on: 
Tuesday, November 7, 2023

Manufacturer of child restraint systems, specialized in plastic injection moulding and blow moulding

Key Points: 
  • Manufacturer of child restraint systems, specialized in plastic injection moulding and blow moulding
    Munich, October 30, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has entered into exclusive negotiations with Nania Developpement to acquire 80% of the TeamTex Management and its subsidiaries (“TeamTex”) from Nania Developpement and Credit Mutuel Equity.
  • TeamTex manufactures child restraint systems (car seats and accessories) thanks to its plastic injection moulding and blow moulding capabilities.
  • The realization of the considered transaction is still dependent on final agreements with the company’s sellers and stakeholders and is expected in Q4 2023.
  • Headquartered in Charvieu-Chavagneux, France, the company employs close to 250 employees, with manufacturing capacity of over 17,000 units per day.

EQS-News: Stable in a challenging market environment through growth in core business and successful sales

Retrieved on: 
Tuesday, November 7, 2023

7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.

Key Points: 
  • 7% growth in rental business – Full occupancy - Almost no rent losses – Completion of 1,800 newly built rental units.
  • Our successful sales and joint venture agreements demonstrate the attractiveness of our portfolio and support our debt reduction,” says Rolf Buch, CEO of Vonovia SE.
  • Sales in all sales categories – New construction projects sold to CBRE for €357 million – Second venture partner agreed.
  • Overall, Vonovia has already generated around €3.7 billion sales revenue for debt reduction through sales and joint venture capital, including €1.7 billion since August.

EQS-News: Tenth acquisition in 2023: Mutares has successfully completed the acquisition of Walor International and its subsidiaries

Retrieved on: 
Tuesday, November 7, 2023

Munich, October 31, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Walor International from its shareholders Lorinvest, BNP Paribas Développement and Sodero Gestion.

Key Points: 
  • Munich, October 31, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of Walor International from its shareholders Lorinvest, BNP Paribas Développement and Sodero Gestion.
  • The company will strengthen the Mutares Group’s strong presence in the production of metal parts for automotive OEMs and Tier-1 suppliers.
  • Walor International is headquartered in Laval, France, and employs more than 1,200 staff across 11 production sites worldwide.
  • The shares of Mutares SE & Co. KGaA are traded on the Regulated Market of the Frankfurt Stock Exchange under the symbol "MUX" (ISIN: DE000A2NB650).

EQS-News: Twelfth acquisition in 2023: Mutares has signed an agreement to acquire the Prénatal activities in the Netherlands

Retrieved on: 
Tuesday, November 7, 2023

The Company will enter into an exclusive license agreement to utilize and promote Prénatal and its portfolio brands in the Netherlands.

Key Points: 
  • The Company will enter into an exclusive license agreement to utilize and promote Prénatal and its portfolio brands in the Netherlands.
  • Prénatal (Netherlands) has a leading position both as an e-commerce and brick-and-mortar store, selling a wide variety of products and brands.
  • In the Netherlands, Prénatal consists of Prénatal Moeder en Kind BV (‘PMK’) and its 100% subsidiary WIJ Special Media BV (‘WSM’).
  • Mark Friedrich, CFO of Mutares, comments: "With the acquisition of Prénatal in the Netherlands, we are further strengthening our Retail & Food segment.

Fresenius Medical Care appoints Craig Cordola as new Management Board member for Care Delivery

Retrieved on: 
Tuesday, October 31, 2023

WALTHAM, Mass., Oct. 31, 2023 /PRNewswire/ -- Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, has appointed Craig Cordola (52) as new Management Board member for the globally operating Care Delivery segment.

Key Points: 
  • WALTHAM, Mass., Oct. 31, 2023 /PRNewswire/ -- Fresenius Medical Care, the world's leading provider of products and services for individuals with renal diseases, has appointed Craig Cordola (52) as new Management Board member for the globally operating Care Delivery segment.
  • Michael Sen, Chairman of the Supervisory Board of Fresenius Medical Care Management AG, said: "We are delighted to have Craig Cordola join the Management Board of Fresenius Medical Care as the leader of the global Care Delivery organization.
  • With this expertise, he will be a crucial player in the Management Board in implementing Fresenius Medical Care's turnaround and focusing on patient care."
  • Craig Cordola said: "I am excited to join Fresenius Medical Care, the global leader in kidney care and leading healthcare brand across this industry.

EQS-News: At ECEC 2023, global compliance leaders tackle the future of compliance

Retrieved on: 
Thursday, October 26, 2023

The event, featuring insightful sessions from more than 30 thought leaders, underscored EQS Group’s commitment to fostering global dialogue and shaping the future of compliance, particularly in a constantly evolving landscape.

Key Points: 
  • The event, featuring insightful sessions from more than 30 thought leaders, underscored EQS Group’s commitment to fostering global dialogue and shaping the future of compliance, particularly in a constantly evolving landscape.
  • Successfully navigating challenges during times of crises was one of the key points of discussion during the event.
  • The possibilities and limits of AI in compliance were explored in depth in a dynamic conversation between compliance professionals and lawyers.
  • Every year, the ECEC Award recognizes an outstanding compliance project, and this year saw a record number of submissions, from 25 organizations.