U.K. Inflation Gains Pace, Likely Keeping Bank of England From Fresh Rate Cuts
Consumer prices were 3.8% higher in July than the same month last year, up from 3.6% in June, the Office for National Statistics said Wednesday. That increase was higher than the 3.7% forecast from a consensus of economists polled by The Wall Street Journal.
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Sono Group N.V. Reports Second Quarter and First Half 2025 Results: Net Income of €8.0 Million for H1 and Continued Commercial Momentum in Solar Mobility
H1 2025 net income of €8.0 million primarily driven by fair value adjustments; disciplined cost base and improved operating cash use; progress on OEM collaborations and brand architecture MUNICH, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as 'Sono' or the 'Company', parent company to Sono Motors GmbH, hereafter referred to as 'SonoSolar' or 'Subsidiary'), the solar technology company, today announced its financial results for the second quarter ended June 30, 2025 and the first half of 2025. H1 2025 Financial Highlights Net income of €8.0 million, reflecting primarily gains from fair value changes in convertible notes; Q2 2025 net loss of €0.8 million, a 44% reduction in net loss from Q2 2024. Cash used in operating activities of €3.5 million in H1 2025, a significant improvement from €15.9 million in H1 2024. Maintained revenue generation consistent with the Company's commercialization roadmap, driven by initial deliveries and customer acceptances. Sustained tight expense control as G&A expenses were reduced 21% in H1 2025 and 35% in Q2 2025 compared to previous year. The company will continue to keep a tight control over G&A expenses as it attempts to scale its business. Business Updates and Outlook OEM momentum and real-world validation. MAN Truck & Bus, one of Europe's leading commercial vehicle manufacturers, is equipping its series vehicles with Sono's solar technology as a factory-installed option. In parallel, Ford is testing high-voltage vehicle-integrated photovoltaics (VIPV) on the E-Transit under the EU-funded SolarMoves project—clear signals of deepening OEM engagement and product maturity. Commercial rollout focus. Sono is progressing from pilots to early deployments in priority use cases—particularly refrigerated trailer transport and electric trucks—consistent with its accelerated rollout plan. Recent installations demonstrate scalability and readiness for broader field adoption. Market visibility and pipeline. At Transport Logistic 2025, the Company showcased solar-integrated solutions for commercial vehicles (including refrigerated applications). Brand architecture aligned to strategy. Post-quarter, the operating subsidiary began using the 'SonoSolar' brand, sharpening the Company's positioning as a solar mobility integrator for commercial vehicles, from the previous solar auto manufacturer, while the legal entity remains Sono Motors GmbH. George O'Leary, Managing Director and CEO, said: 'We are closely watching our spending as we attempt to scale in the large OEM market. I am pleased with our reduction in G&A expenses in H1 2025 and Q2 2025 and we will continue to monitor closely as we continue to work with the OEM market on generating orders in Q3 and Q4 2025.' Sono remains very disciplined and execution-oriented, with a commercialization roadmap centered on OEM driven customer value and partner-led scale. The Company will continue to update stakeholders when programs progress and milestones are achieved. The full unaudited quarterly report on Form 10-Q for the period ended June 30, 2025, is available on the Company's investor relations website at and filed with the U.S. Securities and Exchange Commission. ABOUT SONO GROUP N.V. Sono Group N.V. (OTCQB: SEVCF) and its wholly owned subsidiary Sono Motors GmbH, operating under the brand name SonoSolar, are on a pioneering mission to accelerate the revolution of mobility by making every commercial vehicle solar. Our disruptive solar technology has been developed to enable seamless integration into all types of commercial vehicles to reduce the impact of CO2 emissions and pave the way for climate-friendly mobility. For more information about Sono Group N.V., SonoSolar, and their solar solutions, visit and Follow us on social media: LinkedIn, Facebook, BlueSky, Truth Social, and X. FORWARD-LOOKING STATEMENTS This press release may contain forward-looking statements. The words "expect", "anticipate", "intend", "plan", "estimate", "aim", "forecast", "project", "target", 'will' and similar expressions (or their negative) identify certain of these forward-looking statements. These forward-looking statements are statements regarding the intentions, beliefs, or current expectations of the Company and its subsidiary Sono Motors GmbH (together, the 'companies'). Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and could cause the companies' actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. These risks, uncertainties and assumptions include, but are not limited to, risks, uncertainties and assumptions with respect to: the Company's ability to uplist to the Nasdaq Capital Market, including meeting the initial listing requirements; the Company's ability to satisfy the conditions precedent set forth in its recent securities purchase agreement ('Securities Purchase Agreement') and exchange agreement ('Exchange Agreement') entered into with YA II PN, Ltd. ('Yorkville'); the timing of closing the transactions contemplated by the Securities Purchase Agreement and the Exchange Agreement; the impact of the transactions contemplated by the Exchange Agreement and Securities Purchase Agreement on the Company's operating results; our ability to maintain relationships with creditors, suppliers, service providers, customers, employees and other third parties in light of the performance and credit risks associated with our constrained liquidity position and capital structure; our ability to comply with OTCQB continuing standards; our ability to achieve our stated goals; our strategies, plan, objectives and goals, including, among others, the successful implementation and management of the pivot of our business to exclusively retrofitting and integrating our solar technology onto third party vehicles; our ability to raise the additional funding required beyond the investment from Yorkville to further develop and commercialize our solar technology and business as well as to continue as a going concern. For additional information concerning some of the risks, uncertainties and assumptions that could affect our forward-looking statements, please refer to our filings with the U.S. Securities and Exchange Commission ('SEC'), including our Annual Report on Form 20-F for the year ended December 31, 2023, which are accessible on the SEC's website at and on our website at Many of these risks and uncertainties relate to factors that are beyond our ability to control or estimate precisely, such as the actions of courts, regulatory authorities and other factors. Readers should therefore not place undue reliance on these statements, particularly not in connection with any contract or investment decision. Except as required by law, the Company assumes no obligation to update any such forward-looking statements. CONTACT: Press:press@ | Investors:ir@ | LinkedIn: FINANCIAL RESULTS (amounts in € thousands, except share and per share data) CONDENSED CONSOLIDATED BALANCE SHEETS €k June 30, 2025 December 31, 2024 ASSETS Current Assets Cash 339 1,354 Inventory 298 304 Prepaid taxes 536 531 Prepaid expenses and other 100 103 Total Current Assets 1,273 2,292 Property, plant and equipment 121 129 Right of use lease assets 602 630 TOTAL ASSETS 1,996 3,051 LIABILITIES AND SHAREHOLDERS' EQUITY Current Liabilities Accounts payable and accrued expenses 697 575 Lease liability, current portion 167 58 Convertible notes payable at fair value 15,341 24,035 VAT payable - 487 Other current liabilities 12 5 Total Current Liabilities 16,217 25,160 Long-Term Liabilities Lease liability, long term portion 435 572 Total Liabilities 16,652 25,732 Shareholders' Equity Ordinary Shares 28 28 High Voting Shares 20 20 Additional paid-in capital 298,699 298,699 Accumulated deficit (313,403 ) (321,428 ) Total Shareholders' Equity (14,656 ) (22,681 ) TOTAL EQUITY AND LIABILITIES 1,996 3,051 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) €k Q2 2025 Q2 2024 H1 2025 H1 2024 Revenue 25 – 51 – Cost of sales 19 – 39 – Gross margin 6 – 12 – Operating Expenses and Costs Selling and distribution expenses 244 193 474 243 General and administrative expenses 1,137 1,740 2,281 2,874 Research and development 525 336 968 557 Gain on deconsolidation/reconsolidation – (756 ) – (63,491 ) Other operating income (128 ) (82 ) (132 ) (70 ) Total Operating Expenses and Costs 1,778 1,431 3,591 (59,887 ) (Loss)/Income from Operations (1,772 ) (1,431 ) (3,579 ) 59,887 Other Income (Expenses) Income from changes in fair value of convertible note payable carried at fair value 813 847 11,144 21,909 Gain/(Loss) on foreign currency transactions 147 (859 ) 460 (2,357 ) Total other income / (expense) 960 (12 ) 11,604 19,552 NET (LOSS) / INCOME (812 ) (1,443 ) 8,025 79,439 Net (loss) / income per share to common shareholders: Basic, € (0.56 ) (1.00 ) 5.53 54.82 Diluted, € (0.56 ) (1.00 ) 0.74 4.62 Weighted average number of common shares: Basic, € 1,449,991 1,449,293 1,449,919 1,449,094 Diluted, € 1,449,991 1,449,293 10,874,054 17,194,420 Sign in to access your portfolio
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Innovation Meets Real-World Impact in Season 5 of Trane Technologies' Healthy Spaces Podcast
SWORDS, Ireland, August 20, 2025--(BUSINESS WIRE)--Trane Technologies (NYSE:TT), a global climate innovator, announces the launch of Season 5 of Healthy Spaces, a climate technology podcast that explores the innovations transforming buildings and transport systems into more sustainable solutions. "Challenging what's possible for a sustainable world begins with listening," said Scott Tew, Global Head of Sustainability Strategy and Vice President, Trane Technologies. "This season we're talking with people leading research and developing new technologies across the climate space, from AI and electrification to circularity and using ice to heat. We hope to inspire our listeners with actionable insights to advance their work in innovation and sustainability." Scott Tew is joined as a co-host by Dominique Silva, Regional Marketing Leader, EMEA, Trane Technologies. Season 5 launched with "Harnessing Heat – The Tech Solution for Cooler Buildings," a conversation with Stan Van Hastenberg, Sustainability Lead at global health company Organon, and Jose La Loggia, Group President EMEA at Trane Technologies, about reducing energy and cost through thermal management systems. More new episodes are available now and include: "Connecting the Dots: Unlocking Innovation with Systems Thinking," a conversation with Mauro Atalla, Chief Technology & Sustainability Officer of Trane Technologies, about how culture is a catalyst for sustainability. "Embodied Carbon – First Movers of the Built Environment," – a conversation with Nollaig Forrest, Chief Marketing and Corporate Affairs Officer of Amrize, and Cal Krause, Trane Technologies' Operational Impacts Manager and Trellis 30 under 30 recipient, about how innovations in materials like cement and steel could turn buildings into carbon sinks. "Cool Air, Hot Takes – Get the Scoop on Decarbonization," – a conversation with Charlie Jelen and Dan Gentry, the hosts of Trane's Cool Air, Hot Takes podcast, about the world of buildings, HVAC and energy. Additional episodes will be released biweekly through the fall, exploring topics such as data center cooling, the business case for sustainability and how AI can reduce energy demand. With more than 250,000 downloads, Healthy Spaces has been #1 on the Apple Podcasts Technology chart twice. Healthy Spaces Season 5 is now streaming on Apple Podcasts, Spotify and for the first time, full episodes are available to watch on YouTube. About Trane Technologies Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Visit View source version on Contacts Media Contact: Travis Bullard+1-919-802-2593Media@ Investors Contact: Zachary Nagle+1-704-990-3913InvestorRelations@ Sign in to access your portfolio
Yahoo
15 minutes ago
- Yahoo
TSX futures subdued as investors await Jackson Hole conference
(Reuters) -Futures tracking Canada's main stock index were flat on Wednesday, as investors await the U.S. Federal Reserve's annual symposium later this week for clues on the monetary policy path. The futures on the S&P/TSX index were down 0.02% as of 06:05 a.m. ET (1005 GMT), while futures tracking Wall Street's benchmark S&P 500 fell 0.1%. Investors avoided outsized bets as they looked ahead to remarks from Fed chair Jerome Powell at the Jackson Hole symposium on Friday that could potentially sway market expectations for future interest rate cuts. Later on Wednesday, expectations for U.S. policy easing will also be tested by the release of minutes from the Fed's last policy meeting, where two officials dissented from the majority "hold" verdict - the first such split since 1993. According to the CME Group's FedWatch tool, traders are pricing in at least two rate cuts by the end of 2025. Ahead of the Fed minutes, gold prices ticked up but hovered near three-week lows. Copper prices remained steady. [GOL/] [MET/L] Oil prices gained over 1% after report of a drop in U.S. crude inventories. [O/R] Canada's new housing price index, due at 08:30 a.m. ET, is the only noteworthy indicator in a data-light day. In corporate news, High Arctic Energy Services on Tuesday announced the resignation of Mike Maguire as CEO. The S&P/TSX composite index fell on Tuesday, dragged by significant declines for technology and mining shares. Tuesday's losses, however, were contained by a cooler domestic inflation report. The data firmed expectations for a Bank of Canada rate cut at the October meeting, with the odds reaching about 60%. FOR CANADIAN MARKETS NEWS, CLICK ON CODES: TSX market report [.TO] Canadian dollar and bonds report [CAD/] [CA/] Reuters global stocks poll for Canada Canadian markets directory ($1 = 1.3878 Canadian dollars)
