AMERICAS

EQS-News: GRAMMER AG On Track After First Nine Months 2023

Retrieved on: 
Tuesday, November 7, 2023
Tax, Commercial vehicle, NEV, Original equipment manufacturer, EBIT, Growth, Supervisory board, COVID-19, Plug-in, Plant, EUR, CFO, Ursensollen, Semiconductor, Video game, Drug, AMERICAS

Grammer Group earnings before interest and taxes (EBIT) increased significantly in the first three quarters of 2023 to EUR 30.5 million (01–09 2022: EUR 2.5 million).

Key Points: 
  • Grammer Group earnings before interest and taxes (EBIT) increased significantly in the first three quarters of 2023 to EUR 30.5 million (01–09 2022: EUR 2.5 million).
  • In APAC, revenue increased sharply by 25.0% to EUR 382.4 million in the first nine months of 2023 (01–09 2022: EUR 305.8 million).
  • Revenue in AMERICAS decreased slightly by 3.2% to EUR 476.4 million in the first nine months of 2023 (01–09 2022: EUR 492.4 million).
  • Jurate Keblyte, CFO of GRAMMER AG: “After the first nine months of 2023 we are on track despite market headwinds and our earnings are far higher than in the previous year.

Singleton Schreiber Files Class Action Against 3M, TYCO, Dupont, BASF, and Several Other Corporations Alleging Contamination of Private Water Supplies in Town of Campbell

Retrieved on: 
Tuesday, October 17, 2023
Kidney cancer, Drinking water, Environment, FC, Singleton, Knowledge, La Crosse Regional Airport, BASF, La Crosse, Wisconsin, PFAS, AFFF, LSE, PLC, AGC, Thyroid disease, PFOA, FORD, Groundwater, Complaint, Risk, Never Let Me Go (Placebo album), Disease, City, AMERICAS, PFOS, Federal court, Loss, Testicular cancer, Human, Cosmetics, Town

CAMPBELL, Wis., Oct. 16, 2023 /PRNewswire/ -- Singleton Schreiber, with its co-counsel from Fitzpatrick, Skemp & Butler, filed two class action lawsuits in Wisconsin Federal Court against corporations they allege manufactured firefighting foam or its components.

Key Points: 
  • CAMPBELL, Wis., Oct. 16, 2023 /PRNewswire/ -- Singleton Schreiber, with its co-counsel from Fitzpatrick, Skemp & Butler, filed two class action lawsuits in Wisconsin Federal Court against corporations they allege manufactured firefighting foam or its components.
  • The Complaints claim that the manufacturers' foam contaminated hundreds of private wells on residential property in the Town of Campbell.
  • The firms also filed two class action complaints against the City of La Crosse, which used AFFF firefighting foam at the La Crosse Airport  located on French Island on which the Town of Campbell is located.
  • In the property damage complaints, plaintiffs and class members are residential property owners with private wells seeking compensation for loss in value to property and annoyance, discomfort and inconvenience, among other damages.

Global Polymer Producer VINAVIL Expands in Western United States with NAGASE Specialty Materials

Retrieved on: 
Wednesday, September 27, 2023
Functional Materials, Adhesive, Partnership, AMERICAS, Polymer, Research, Polyvinyl acetate, DTM, Chemical industry, Humidity, NSM, Water, Health, Textile, Safety, Petrochemical

ITASCA, Ill., Sept. 27, 2023 /PRNewswire-PRWeb/ -- VINAVIL Americas, a leading global producer of polymers for industry, announces its immediate expansion into the Western United States with the appointment of NAGASE Specialty Materials NA LLC as distributor for that market. As a result, customers in western states can more readily access VINAVIL's customized technologies, including adhesives, PVAc, vinyl acetate/vinyl versatate, VeoVa™, styrene/acrylic, and acrylic polymers. NSM will continue to represent VINAVIL in the Southwest, Midwest and Southeast United States.

Key Points: 
  • VINAVIL Americas, a leading global producer of polymers for industry, announces its appointment of NAGASE Specialty Materials NA LLC as distributor for VINAVIL's customized technologies, including adhesives, PVAc, vinyl acetate/vinyl versatate, VeoVa™, styrene/acrylic, and acrylic polymers in the Western United States.
  • ITASCA, Ill., Sept. 27, 2023 /PRNewswire-PRWeb/ -- VINAVIL Americas , a leading global producer of polymers for industry, announces its immediate expansion into the Western United States with the appointment of NAGASE Specialty Materials NA LLC as distributor for that market.
  • NSM will continue to represent VINAVIL in the Southwest, Midwest and Southeast United States.
  • "The entire NAGASE Specialty Materials team is excited to expand our strategic relationship with VINAVIL to the West Coast," said Al Bernhardt, NSM's vice president Functional Materials.

EQS-News: GRAMMER AG: Significant Increase in Revenue and Earnings in First Half of 2023

Retrieved on: 
Tuesday, August 22, 2023
Semiconductor, Original equipment manufacturer, COVID-19, Tax, EBIT, Commercial vehicle, Plant, EUR, CFO, Growth, Video game, Cryptocurrency, AMERICAS, Ursensollen

GRAMMER also achieved a significant increase in earnings before interest and taxes (EBIT) to EUR 18.5 million in the first half of 2023 (01–06 2022: EUR –12.5 million).

Key Points: 
  • GRAMMER also achieved a significant increase in earnings before interest and taxes (EBIT) to EUR 18.5 million in the first half of 2023 (01–06 2022: EUR –12.5 million).
  • APAC and EMEA with significant revenue growth; operating earnings improve for all regions
    GRAMMER generated revenue of EUR 639.8 million in the EMEA region in the first half of 2023 (01–06 2022: EUR 577.0 million) – a year-on-year increase of 10.9%.
  • Revenue in the APAC region rose by 38.8% to EUR 246.0 million in the first half of 2023 (01–06 2022: EUR 177.2 million).
  • The Commercial Vehicles Division saw an increase in revenue of 21.9% to EUR 76.4 million (01–06 2022: EUR 62.7 million).

EQS-News: TeamViewer SE: Q2 2023: TeamViewer reports 12% Revenue growth and strong Adjusted EBITDA margin of 41% – well on track to reach full year guidance

Retrieved on: 
Tuesday, August 1, 2023
Treasury, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Particular, Marketing, Q2, FCFE, TeamViewer, Free cash flow, SMB, Share repurchase, Report, EBITDA, Net income, CFO, EPS, Annual general meeting, Film industry, Bank, Satellite navigation device, AMERICAS, EUR, Adjustment

In Q2 2023, the item also comprises expenses for targeted marketing measures in connection with the launch of TeamViewer Remote.

Key Points: 
  • In Q2 2023, the item also comprises expenses for targeted marketing measures in connection with the launch of TeamViewer Remote.
  • With a decreasing non-recurring cost base, the (unadjusted) EBITDA increased by 13% to EUR 53.4m in Q2 2023.
  • Mainly due to a significantly improved financial result and positive tax effects, the Net Income grew by 191% yoy to EUR 34.0m in Q2 2023.
  • The resulting cash conversion metrics in relation to the Adjusted (Revenue) EBITDA were 93% (+20 pp) and 74% (+27 pp).

eMazzanti Technologies Ranked One of World's Best Managed Service Providers

Retrieved on: 
Thursday, June 22, 2023
Microsoft, Digital technology, AMERICAS, Government, MSP, Organization, Adviser, ECARE, Growth, Health, Retail

HOBOKEN, N.J., June 22, 2023 /PRNewswire-PRWeb/ -- eMazzanti Technologies, a NYC area MSP and IT consultant, today announced that the company has been named as one of the world's best managed service providers in the prestigious 2023 Channel Futures MSP 501 rankings.

Key Points: 
  • For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing.
  • Channel Futures on Monday named eMazzanti Technologies to its annual MSP 501 list that ranks the top 501 managed service providers in the world.
  • "Hybrid workforce security, cloud, and revenue-enhancing managed services make our clients more competitive," said Jennifer Mazzanti, CEO, eMazzanti Technologies.
  • The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.

Roosevelt County Water Coop Sues 3M, DuPont, Raytheon, Several Others Over PFAS Contamination

Retrieved on: 
Tuesday, June 13, 2023
Drinking water, Cannon Air Force Base, PFOA, Complaint, District court, Soil, Environment, AFFF, Roosevelt County, EPA, UTC, BASF, Safety, AMERICAS, Airport, AGC, United States Environmental Protection Agency, Water, LTD, United Technologies, PFAS, JOHN, Fire, Groundwater, Health, Environmental remediation, INC

Per- and polyfluoroalkyl substances ("PFAS"), including perfluorooctanoic acid ("PFOA") and perfluorooctane sulfonic acid ("PFOS"), have been detected in the water around Portales, which provides the water used by the Roosevelt County Water Coop.

Key Points: 
  • Per- and polyfluoroalkyl substances ("PFAS"), including perfluorooctanoic acid ("PFOA") and perfluorooctane sulfonic acid ("PFOS"), have been detected in the water around Portales, which provides the water used by the Roosevelt County Water Coop.
  • The suit specifically calls out how these corporations manufactured and sold aqueous film forming foam ("AFFF"), which contains forever chemicals.
  • The highly contaminated groundwater from the base is moving toward the Roosevelt County Water Co-op properties and PFAS has been detected in drinking water wells around Portales.
  • The PFAS from the base has contaminated surrounding properties and has resulted in significant damage which is still in the process of being assessed.

Improved Carbon Accounting for Biogas Projects Underway

Retrieved on: 
Thursday, May 11, 2023
Other Energy, Environmental Policy, Oil, Gas, Other Natural Resources, Environmental Issues, Coal, Mining, Minerals, Sustainability, Alternative Energy, Energy, Natural Resources, Environment, Climate Change, Carbon, Communication, Eco, LCA, AMERICAS, Policy, Electricity, Menon, Human, RNG, GHG, LCFS, Greenhouse gas, Soil, ABC, Biogas, Renewable energy, Livestock

The American Biogas Council (ABC), a national trade association and voice of the U.S. biogas industry, has engaged EcoEngineers (Eco), a renewable energy and carbon consulting, auditing and advisory firm, to plan, develop and publish a new carbon accounting methodology to measure the carbon intensity of all biogas projects by the end of 2023.

Key Points: 
  • The American Biogas Council (ABC), a national trade association and voice of the U.S. biogas industry, has engaged EcoEngineers (Eco), a renewable energy and carbon consulting, auditing and advisory firm, to plan, develop and publish a new carbon accounting methodology to measure the carbon intensity of all biogas projects by the end of 2023.
  • “Outside of the transportation sector in California, no accepted standard exists to measure the total carbon impact of biogas projects,” said Patrick Serfass, executive director of the ABC.
  • Biogas systems reduce emissions, but their carbon intensity often ranges from a 50 - 700% reduction in carbon emissions compared to fossil fuels.
  • “It could be game-changing.”
    To find out more about the BIOGAS AMERICAS 2023 workshop, “Measuring the Carbon Impact of Biogas & RNG Projects,” or to register, please visit, https://biogasamericas.com/ .

EQS-News: TeamViewer SE: TeamViewer well on track to meet 2023 guidance: Q1 Revenue growth of 13% and strong Adjusted EBITDA growth of 18%

Retrieved on: 
Wednesday, May 3, 2023
Financial Oversight and Management Board for Puerto Rico, Workforce, Enterprise, Billings, Montana, Marketing, FCFE, TeamViewer, USD, Free cash flow, Public expenditure, Share repurchase, EUR, EBITDA, Investment, CFO, R, Lithium, Bank, AMERICAS

other income/expenses and bad debt expenses of EUR 2.4m in Q1 2023 and EUR 4.4m in Q1 2022.

Key Points: 
  • other income/expenses and bad debt expenses of EUR 2.4m in Q1 2023 and EUR 4.4m in Q1 2022.
  • Like in Q1 2022, the largest portion of the marketing expenses in Q1 2023 was made up of sponsorships.
  • The resulting cash conversion metrics in relation to the Adjusted (Revenue) EBITDA were 100% (+32 pp) and 80% (+40 pp).
  • The Q1 2023 Adjusted (Revenue) EBITDA margin at 42% was 2 percentage points stronger yoy.

EQS-News: Good Start to 2023 Financial Year for GRAMMER AG

Retrieved on: 
Friday, April 28, 2023
Semiconductor, TMD, COVID-19, Tax, Automotive industry, EBIT, Commercial vehicle, Plant, Depression, EUR, Grammer, FX, CFO, Growth, Film industry, Video game, Cryptocurrency, AMERICAS, Ursensollen

GRAMMER AG recorded a considerable year-on-year increase in Group revenue of 14.4% to EUR 589.1 million (Q1 2022: EUR 515.0 million).

Key Points: 
  • GRAMMER AG recorded a considerable year-on-year increase in Group revenue of 14.4% to EUR 589.1 million (Q1 2022: EUR 515.0 million).
  • Group earnings before interest and taxes (EBIT) rose significantly to EUR 11.7 million in the first quarter of 2023 (Q1 2022: EUR -1.2 million).
  • GRAMMER Group’s operating EBIT also improved significantly to EUR 13.9 million (Q1 2022: EUR -2.5 million), resulting in an operating EBIT margin of 2.4% (Q1 2022: -0.5%).
  • Operating EBIT improved to EUR -9.3 million in the first quarter of 2023 (Q1 2022: EUR -16.9 million).