Friedrich

EQS-News: MBB SE grows revenues by 8% to €691 million in the first nine months with an EBITDA margin of 7%

Retrieved on: 
Wednesday, December 13, 2023
Acquisition, MBB SE, Final good, Infrastructure, Growth, Service, MBB, Aumann, Technological applications of superconductivity, DTS, Friedrich, EBITDA, Automation, ISIN, Natural gas, Pharmaceutical industry, Fine chemical

The decline in the adjusted EBITDA margin to 7.2% is primarily due to one-off project-related costs at Friedrich Vorwerk.

Key Points: 
  • The decline in the adjusted EBITDA margin to 7.2% is primarily due to one-off project-related costs at Friedrich Vorwerk.
  • The MBB Group's net liquidity totalled €392.4 million after nine months, of which €320.6 million was attributable to the holding company MBB SE.
  • The Service & Infrastructure segment generated revenues of €350.0 million in the first nine months, corresponding to a year-on-year increase of 3.0%.
  • For the current financial year, MBB continues to expect revenues of €850-900 million and an EBITDA margin at the lower end of the forecast range of 8-10%.

Artmarket.com: Interview with digital artist Josh Pierce, whose NFT 'Flow' is on the cover of the Artprice 2023 Contemporary Art Market Report

Retrieved on: 
Monday, October 30, 2023
Knowledge, Digital, Sotheby, Sale, Exhibition, Photography, Life, Creativity, Non-fungible token, Friends, Artificial intelligence, Human, Intuition, Nature, Sotheby's, LED, Growth, Friedrich, Art Basel, Ecosystem, Symbiosis, Goldsworthy, Eye, Hand, Poetry, Music, Art history, Neon, Romanticism, Annual report, Consciousness, NFT, Visual communication, Cryptocurrency, Creative industries, Jewellery, Entertainment, Video game, Artprice, Blockchain

"Digital creation brings a wonderful breath of fresh air to the art world" enthuses thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice.

Key Points: 

Artmarket.com: Interview with digital artist Josh Pierce, whose NFT 'Flow' is on the cover of the Artprice 2023 Contemporary Art Market Report

Retrieved on: 
Monday, October 30, 2023
Knowledge, Digital, Sotheby, Sale, Exhibition, Photography, Life, Creativity, Non-fungible token, Friends, Artificial intelligence, Human, Intuition, Nature, Sotheby's, LED, Growth, Friedrich, Art Basel, Ecosystem, Symbiosis, Goldsworthy, Eye, Hand, Poetry, Music, Art history, Neon, Romanticism, Annual report, Consciousness, NFT, Visual communication, Cryptocurrency, Creative industries, Jewellery, Entertainment, Video game, Artprice, Blockchain

"Digital creation brings a wonderful breath of fresh air to the art world" enthuses thierry Ehrmann, CEO of Artmarket.com and Founder of Artprice.

Key Points: 

CNH Industrial announces Senior Leadership Team appointment

Retrieved on: 
Thursday, June 1, 2023
CNHI, New Holland Agriculture, Friedrich, CASE, Workplace, Agriculture, Construction, IH, CNH Industrial, Mercedes-Benz Group, CNH, Miller, Sustainability, Investment, Breaking New Ground, Engineering, Digital, Volkswagen Group, R, Information officer, News, NYSE, Management, Heavy equipment

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the appointment of Friedrich Eichler as Chief Technology Officer (CTO).

Key Points: 
  • CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) today announces the appointment of Friedrich Eichler as Chief Technology Officer (CTO).
  • He assumes his CTO role in CNH Industrial from Marc Kermisch who previously served on an ad interim basis.
  • CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company.
  • For more information and the latest financial and sustainability reports visit: cnhindustrial.com
    For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

EQS-News: MBB SE grows by 17% in the first quarter to €201 million in revenues with €14 million EBITDA

Retrieved on: 
Monday, May 15, 2023
Friedrich, Treasury, Infrastructure, Service, Hanke, Final good, Share repurchase, MBB, EBITDA, MBB SE, ISIN, DTS, Automation, Technological applications of superconductivity, Video game, Aumann

Adjusted EBITDA decreased by 7.0% to €13.8 million in the same period, corresponding to an EBITDA margin of 6.8%.

Key Points: 
  • Adjusted EBITDA decreased by 7.0% to €13.8 million in the same period, corresponding to an EBITDA margin of 6.8%.
  • Net liquidity reached €383.8 million at the end of the first quarter, of which €332.5 million was attributable to the holding MBB SE.
  • For the 2023 financial year, MBB continues to expect revenues of €850 - €900 million with an adjusted EBITDA margin of 9% - 11%.
  • The automation specialist Aumann grew by 24.2% to €55.7 million in revenues in the first quarter and almost tripled its adjusted EBITDA to €3.7 million.

Rheem® Launches HotWave® Multipurpose Hose Sprayer

Retrieved on: 
Monday, October 24, 2022
Transfer, Residual-current device, F, GFCI, Friedrich, PETS, Multimedia, Technology, Temperature, Groundwater, Industry, Water, Paloma, Safety, HVACR, Heat, Amazon (company), View, Heating, ventilation, and air conditioning, Online shopping

ATLANTA, Oct. 24, 2022 /PRNewswire/ -- Rheem®, a leading global manufacturer of water heating and HVACR products, announces the launch of HotWave®, the multipurpose hose sprayer. Providing tankless water heating technology for outdoor use - HotWave innovation makes cleaning dirt and grime fast and easy.

Key Points: 
  • ATLANTA, Oct. 24, 2022 /PRNewswire/ -- Rheem , a leading global manufacturer of water heating and HVACR products, announces thelaunch of HotWave , the multipurpose hose sprayer.
  • HotWave's plug-and-play design attaches to a garden hose and allows users to heat and access water from a single source.
  • With a maximum temperature of up to 115 F, HotWave water temperatures may be adjusted instantly.
  • "Rheem is bringing its tankless water heating technology outside the home with HotWave," said David Calkins, product manager at Eemax, a division of Rheem.

RHEEM® LAUNCHES PROFESSIONAL PRESTIGE® SMART ELECTRIC WATER HEATER WITH DEMAND RESPONSE

Retrieved on: 
Monday, September 26, 2022
Transfer, Rheem Manufacturing Company, Rheem, Econet, Efficiency, UEF, Paloma, Demand response, Water, HVACR, Multimedia, View, Friedrich, Renewable energy, Mobile phone

ATLANTA, Sept. 26, 2022 /PRNewswire/ -- Rheem, a leading global manufacturer of water heating and HVACR products has unveiled the enhanced Rheem® Professional Prestige® Smart Electric Water Heater with LeakGuard™ and Demand Response. Providing homeowners with advanced electric solutions designed to comply with new energy regulations, Rheem now offers seamless connection to the electric grid.

Key Points: 
  • ATLANTA, Sept. 26, 2022 /PRNewswire/ -- Rheem, a leading global manufacturer of water heating and HVACR products has unveiled the enhanced Rheem Professional Prestige Smart Electric Water Heater with LeakGuardand Demand Response.
  • The demand response ready water heater line may lower energy bills by reducing usage during peak demand hours and through utility rebates and incentives.
  • Another major benefit of the Professional Prestige Smart Electric Water Heater with Demand Response includes LeakGuard, an integrated leak detection and prevention system with factory installed auto water shut-off valve, which limits leaks to no more than 20 ounces of water.
  • Rheem will also launch Professional Classic Plus Smart Electric and Professional Classic Electric water heaters with demand response as part of the line.

Latham & Watkins Expands Real Estate Practice in Los Angeles

Retrieved on: 
Monday, September 19, 2022
Real estate, LOS, Office, University of California, Los Angeles, Winston & Strawn, Watkins, View, Growth, Partnership, United Kingdom, Loyola Marymount University, Foreign Legal Consultant, Lawyer, Latham & Watkins, Multimedia, University, Kingdom, Friedrich, JD, Financial services

LOS ANGELES, Sept. 19, 2022 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Matthew Friedrich has joined the firm's Los Angeles office as a partner in the Real Estate Practice and member of the Corporate Department. Friedrich represents private equity investors, operators, and developers on a range of complex commercial real estate transactions and financings.

Key Points: 
  • Matthew Friedrich brings diverse experience advising private and institutional real estate investors, developers, and operators in commercial real estate transactions.
  • LOS ANGELES, Sept. 19, 2022 /PRNewswire/ -- Latham & Watkins LLP1 is pleased to announce that Matthew Friedrich has joined the firm's Los Angeles office as a partner in the Real Estate Practice and member of the Corporate Department.
  • "Matt is a welcome addition to Latham, our Los Angeles office, and the West Coast region," said Larry Seymour, Office Managing Partner in Los Angeles.
  • "His experience with complex real estate transactions integrates seamlessly with Latham's offerings and our extensive REITs Industry Group, and his presence on the West Coast further strengthens our position as a premier full-service real estate practice."

DGAP-News: DEUTZ AG: DEUTZ appoints Dr. Petra Mayer to the Board of Management

Retrieved on: 
Tuesday, August 23, 2022
DGAP, COO, University, Technology, Continental, Management, Hand, Engineering, EBIT, News, Solution, Friedrich, Lifting, Board, ZF Friedrichshafen, Board of directors, Supervisory board, Senior, ZF, Siva Power, Board of Management St. Molaga's National School v The Secretary General of the Department of Education and Science, University of Erlangen–Nuremberg, Industry, Security (finance), Autoliv

Dr. Petra Mayer to join the Board of Management as COO on November 1, 2022

Key Points: 
  • Dr. Petra Mayer to join the Board of Management as COO on November 1, 2022
    The Supervisory Board of DEUTZ AG is continuing its restructuring of the Board of Management.
  • Dr. Petra Mayer will be joining the Board of Management on November 1, 2022.
  • Dietmar Voggenreiter, Chairman of the Supervisory Board at DEUTZ AG: The reorganisation of the Board of Management is progressing well.
  • Dr. Sebastian C. Schulte, Chief Executive Officer of DEUTZ AG: I am very much looking forward to working with Petra Mayer on the Board of Management.

Rheem® IKONIC™ Establishes the New Standard in Tankless Gas Water Heaters with Super High Efficiency, Smart, Sustainable Technology

Retrieved on: 
Tuesday, August 2, 2022
Transfer, View, Carbon footprint, Water, Wi-Fi, Industry, SR, Water loss, Temperature, Rheem, Multimedia, Paloma, TDR, Heat, S, Vii, Efficiency, Bath, Friedrich, Propane, NOx, HVACR, BTU, Heating, ventilation, and air conditioning, Online shopping, Video game console, Hydraulic machinery

ATLANTA, Aug. 2, 2022 /PRNewswire/ -- Rheem®, a leading global manufacturer of water heating and HVACR products, announces the launch of Rheem IKONIC™, a super high efficiency condensing gas tankless water heater. This new product line elevates the industry standard for energy efficient, environmentally friendly water heating products while offering homeowners smart control.

Key Points: 
  • iii
    With integrated Wi-Fi Technology, Rheem IKONIC provides users with complete control of the unit from anywhere.
  • "Rheem IKONIC combines high efficiency and industry leading sustainability with all the durability and functionality that a homeowner needs."
  • vii Based on comparison of Rheem IKONIC S/SR models against similar models from leading tankless brands.
  • viii Based on comparison of Rheem IKONIC S/SR models against similar models from leading tankless brands.