Goods

EQS-News: Third acquisition in 2024: Mutares has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB

Retrieved on: 
Wednesday, April 10, 2024
EUR, Holding company, Supervisory board, Frankfurt Stock Exchange, Acquisition, SDAX, Goods, Regulated market, MUX, HQ, Porcelain

Third acquisition in 2024: Mutares has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB

Key Points: 
  • Third acquisition in 2024: Mutares has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB
    The issuer is solely responsible for the content of this announcement.
  • Third acquisition in 2024: Mutares has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB
    Munich, April 10, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement to acquire Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. from Eltel AB.
  • In business since 1961 and 1949 respectively, Eltel Networks Energetyka S.A. and Eltel Networks Engineering S.A. are among the leading providers of electrical power engineering services in Poland with revenues of approx.
  • Robin Laik, CEO of Mutares, comments: "With the acquisition of Eltel Networks Energetyka and Eltel Networks Engineering, we are signing our first transaction in Poland strengthening our Goods & Services segment in the field of electrical power engineering & construction services.

EQS-News: Second acquisition in 2024: Mutares has signed an agreement for the transfer of Magirus from Iveco Group

Retrieved on: 
Wednesday, April 10, 2024
EXM, EUR, Growth, Supervisory board, Frankfurt Stock Exchange, Iveco, CFO, Acquisition, SDAX, Goods, IVG, Airport, Regulated market, MUX, HQ

Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG).

Key Points: 
  • Munich, March 13, 2024 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has signed an agreement for the transfer of Magirus from Iveco Group (EXM: IVG).
  • Due to the required unbundling measures, the transaction is expected to be completed no later than January 2025.
  • Mark Friedrich, CFO of Mutares, comments on the transaction: “Magirus is a typical Mutares acquisition where the company stands for a reputed brand with high quality and represents a compelling value proposition.
  • As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.

FreightCar America, Inc. Announces CEO Transition

Retrieved on: 
Monday, March 18, 2024
Executive, Goods, FreightCar America, Engineering, Lead, Management

CHICAGO, March 18, 2024 (GLOBE NEWSWIRE) -- FreightCar America, Inc. (Nasdaq: RAIL), a diversified manufacturer of railroad freight cars, announced effective May 1, 2024, the appointment of Nicholas J. Randall, the Company’s current Chief Operating Officer, as President and Chief Executive Officer and member of the Company’s Board of Directors. Mr. Randall will succeed James R. Meyer who has been appointed as the Company’s Executive Chairman of the Board of Directors. William D. Gehl, the Company’s current Chairman, will remain on the Board of Directors and serve as Lead Independent Director.

Key Points: 
  • Mr. Randall will succeed James R. Meyer who has been appointed as the Company’s Executive Chairman of the Board of Directors.
  • William D. Gehl, the Company’s current Chairman, will remain on the Board of Directors and serve as Lead Independent Director.
  • Mr. Randall, with more than 20 years of global experience working in and leading engineering and manufacturing operations at world-class companies, joined FreightCar America in 2023 as Chief Operating Officer.
  • Since joining the Company, Mr. Randall has managed FreightCar America’s operations and overseen the completion of its manufacturing campus in Castaños, Mexico.

China B2C E-Commerce Market 2024: B2C E-Commerce Market Value in China is Set to Surpass EUR 3 Trillion by 2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, March 18, 2024
Technology, Electronic Commerce, Online, Goods, Product category, Country, Total, Physical, B2C, Online shopping

Retail E-Commerce Share of Total Retail Sales, in % of Total Retail Sales, 2022e

Key Points: 
  • Retail E-Commerce Share of Total Retail Sales, in % of Total Retail Sales, 2022e
    Share of Total Payments Value Made Up by China's B2C E-Commerce Market, in %, 2022
    Breakdown of Retail E-Commerce Market, by Country, in %, 2022
    Overview of B2C E-Commerce Market Trends, February 2024
    Total B2C E-Commerce Market Value, in USD trillion, 2023e & 2027f
    B2C E-Commerce Sales, in USD trillion, in % of Total Retail Sales, 2023e-2027f
    Year-On-Year Growth of B2C E-Commerce Sales, in %, 2022 & 2023e
    Share of Online Retail Sales of Physical Goods Making Up Total Retail Sales of Physical Goods, in %, 2023
    Cross-Border B2C E-Commerce Import And Export Value, in CNY trillion, H1 2022 & H1 2023
    Number of People Working in the B2C E-Commerce Sector, in millions, 2018 & 2023
    Number of Online Shoppers, in millions, And Share of Internet Users, in %, June 2021-June 2023
    Growth of Online Retail Sales of Physical Goods, by Product Category, in % of Year-On-Year Change, 2023
    Top 3 Domestic B2C E-Commerce Platforms, in % of Total B2C E-Commerce Market, 2023e
    Online Retail Sales Value in Rural Areas, in CNY trillion, H1 2022 & H1 2023
    Online Retail Sales Value of Agricultural Products, in CNY billion, H1 2022 & H1 2023
    Share of Rural Online Merchants And Online Stores That Sell Agricultural Products Through Livestreaming, in %, H1 2023
    Livestreaming Retail E-Commerce Buyers, in millions, in % of Year-On-Year Change, 2023e-2026f
    Number of B2C E-Commerce Livestreaming Users, in millions, December 2022 & June 2023
    Overview of Discount B2C E-Commerce Market, February 2024

Apartment construction sustains housing starts in Canada's Largest cities

Retrieved on: 
Wednesday, March 27, 2024
GST, Federation, NHS, CMHC, Insurance, Goods, Student, Housing, Consumption tax

Clearly the demand for housing exists, particularly in rental, but financing costs could become too heavy for homebuilders to begin construction on large multi-family projects at the same pace seen in 2023."

Key Points: 
  • Clearly the demand for housing exists, particularly in rental, but financing costs could become too heavy for homebuilders to begin construction on large multi-family projects at the same pace seen in 2023."
  • The Apartment Construction Loan Program (ACLP) is the largest program in the federal government's National Housing Strategy (NHS) and provides low-cost loans to eligible purpose-built rental developers.
  • In January 2024, the federal government announced the Apartment Construction Loan Program (ACLP) would make low-cost loans available to homebuilders for the construction of more housing for university students on- and off-campus.
  • In September 2023, the federal government committed to removing the Goods and Services Tax (GST) on all new qualifying rental housing construction.

China B2C E-Commerce Market Report 2024, Featuring Key Players Alibaba, Amazon, Cluse, JD.com, Meta, Pinduoduo, Shein, Taobao and Tmall, Temu, TikTok and Walmart

Retrieved on: 
Tuesday, March 5, 2024
Online, Country, Product category, Total, B2C, Goods, Physical, Online shopping

Retail E-Commerce Share of Total Retail Sales, in % of Total Retail Sales, 2022e

Key Points: 
  • Retail E-Commerce Share of Total Retail Sales, in % of Total Retail Sales, 2022e
    Share of Total Payments Value Made Up by China's B2C E-Commerce Market, in %, 2022
    Breakdown of Retail E-Commerce Market, by Country, in %, 2022
    Overview of B2C E-Commerce Market Trends, February 2024
    Total B2C E-Commerce Market Value, in USD trillion, 2023e & 2027f
    B2C E-Commerce Sales, in USD trillion, in % of Total Retail Sales, 2023e-2027f
    Year-On-Year Growth of B2C E-Commerce Sales, in %, 2022 & 2023e
    Share of Online Retail Sales of Physical Goods Making Up Total Retail Sales of Physical Goods, in %, 2023
    Cross-Border B2C E-Commerce Import And Export Value, in CNY trillion, H1 2022 & H1 2023
    Number of People Working in the B2C E-Commerce Sector, in millions, 2018 & 2023
    Number of Online Shoppers, in millions, And Share of Internet Users, in %, June 2021-June 2023
    Growth of Online Retail Sales of Physical Goods, by Product Category, in % of Year-On-Year Change, 2023
    Top 3 Domestic B2C E-Commerce Platforms, in % of Total B2C E-Commerce Market, 2023e
    Online Retail Sales Value in Rural Areas, in CNY trillion, H1 2022 & H1 2023
    Online Retail Sales Value of Agricultural Products, in CNY billion, H1 2022 & H1 2023
    Share of Rural Online Merchants And Online Stores That Sell Agricultural Products Through Livestreaming, in %, H1 2023
    Livestreaming Retail E-Commerce Buyers, in millions, in % of Year-On-Year Change, 2023e-2026f
    Number of B2C E-Commerce Livestreaming Users, in millions, December 2022 & June 2023
    Overview of Discount B2C E-Commerce Market, February 2024

EQS-News: Mutares has successfully completed the acquisition of SRT Group from Geopost SA

Retrieved on: 
Tuesday, December 26, 2023
HQ, Supervisory board, Regulated market, MUX, Mutares, Goods, EUR, Frankfurt Stock Exchange, Food, City, Acquisition

Provider of urban on-demand last mile delivery services for food, grocery, and retail players

Key Points: 
  • Provider of urban on-demand last mile delivery services for food, grocery, and retail players
    Munich, November 30, 2023 – Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has successfully completed the acquisition of SRT Group ("Stuart") from Geopost SA.
  • The company will strengthen the Goods & Services segment as a new platform while further increasing Mutares’ presence in the logistics and transport sector across Europe.
  • As the portfolio grows, so do consulting revenues, which together with portfolio dividends and exit proceeds accrue to the Mutares Holding.
  • 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: Mutares increases consolidated revenues by 27% after nine months – largest exit in the Company's history successfully completed in the third quarter

Retrieved on: 
Thursday, December 14, 2023
Food, Peugeot, SMP, Depreciation, Tier 2, Realignment, Sale, CIE Automotive, Tax, Rasche, Investment, EBITDA, Maschinenfabrik Liezen und Gießerei, ISIN, Tier 1, Growth, Retail Food Group, Steyr Motors GmbH, Acquisition, Mobility, Restaurant, Automotive industry, Goods, Film industry, Lithium, Real estate, Fine chemical, EUR, Arriva, Palmia, Mutares

Portfolio Income3) amounted to EUR 76.5 million for the reporting period (previous year: EUR 49.4 million).

Key Points: 
  • Portfolio Income3) amounted to EUR 76.5 million for the reporting period (previous year: EUR 49.4 million).
  • At Group level, Mutares generated revenues of EUR 3,402.5 million in the first nine months of the fiscal year 2023 (previous year: EUR 2,677.6 million).
  • On the sales side, Mutares successfully completed a total of six transactions in the nine-month period of 2023.
  • Revenues in the Automotive & Mobility segment amounted to EUR 1,357.1 million in the reporting period (previous year: EUR 707.8 million).

HOUSING STARTS FLAT IN MAJOR MARKETS FOR FIRST HALF OF 2023

Retrieved on: 
Thursday, October 5, 2023
CMHC, Government, Real, SGE, GST, Local government in Canada, Legislation, City, HAF, Goods and services tax (Canada), Goods, Department of Finance Canada, Consumption tax, HSR, Real estate

This contrasts with Montréal, which is more reflective of the current, more challenging, context, such as higher financing and construction costs."

Key Points: 
  • This contrasts with Montréal, which is more reflective of the current, more challenging, context, such as higher financing and construction costs."
  • On September 21, 2023, the Government of Canada introduced legislation that would remove the federal component of the Goods and Services Tax (GST) on new purpose-built rental housing projects.
  • The HAF is a $4 billion application-based initiative designed to help cities, towns, and Indigenous governments unlock new housing supply.
  • CMHC's housing starts data for July and August, 2023, shows a continuation of the overall trend observed in this report as new home construction remained relatively flat at the national level.

Federal government should remove GST on residential energy

Retrieved on: 
Thursday, September 28, 2023
Excise, Tax, Hospice, Commons, Goods, GST, House of Commons of Canada, Consumption tax, Propane, The Income-tax Act, 1961, Goods and services tax (Canada), Parliament, Plasma protein binding, C-56, Shannon Watt, CPA, Heat, Federation, House, Property management

Heating is a fundamental necessity in Canada.”

Key Points: 
  • Heating is a fundamental necessity in Canada.”
    The CPA has been recommending that the federal government make the GST zero-rated for residential energy since 2021.
  • Currently, residential energy is subject to the GST.
  • “We saw the hardships homeowners faced in paying residential energy bills last winter.
  • The federal government, working with the provinces, can take an important leadership role by eliminating the GST from residential energy bills.