Latest news with #MEUR
Yahoo
6 days ago
- Business
- Yahoo
ASSA ABLOY acquires Kingspan Door Components in Belgium
STOCKHOLM, June 4, 2025 /PRNewswire/ -- ASSA ABLOY has acquired Kingspan Door Components, a Belgian manufacturer offering a large range of high-quality door panels for sectional doors for both residential and industrial applications. "I am very pleased to welcome Kingspan Door Components to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY. "Integrating Kingspan Door Components into the Entrance Systems Division allows us to expand our innovative and competitive component portfolio. This will enable us to provide our customers with an even broader selection of high-quality sectional door panels," says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. Kingspan Door Components was founded in 1983 and has some 70 employees. The main office and factory are located in Leuze-En-Hainaut, Belgium. Kingspan Door Components will be part of Sectional Doors and Components in the business segment Industrial within the Entrance Systems Division. Sales for 2024 amounted to about MEUR 25 (approx. MSEK 290). The acquisition will initially be dilutive to EPS. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: About ASSA ABLOY ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places. This information was brought to you by Cision The following files are available for download: Press release (PDF) kingspan-door-components-photo-panels View original content: SOURCE ASSA ABLOY Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 days ago
- Business
- Yahoo
ASSA ABLOY acquires Kingspan Door Components in Belgium
STOCKHOLM, June 4, 2025 /PRNewswire/ -- ASSA ABLOY has acquired Kingspan Door Components, a Belgian manufacturer offering a large range of high-quality door panels for sectional doors for both residential and industrial applications. "I am very pleased to welcome Kingspan Door Components to ASSA ABLOY. This acquisition delivers on our strategy to strengthen our position in mature markets through adding complementary products and solutions to our core business," says Nico Delvaux, President and CEO of ASSA ABLOY. "Integrating Kingspan Door Components into the Entrance Systems Division allows us to expand our innovative and competitive component portfolio. This will enable us to provide our customers with an even broader selection of high-quality sectional door panels," says Massimo Grassi, Executive Vice President of ASSA ABLOY and Head of Entrance Systems Division. Kingspan Door Components was founded in 1983 and has some 70 employees. The main office and factory are located in Leuze-En-Hainaut, Belgium. Kingspan Door Components will be part of Sectional Doors and Components in the business segment Industrial within the Entrance Systems Division. Sales for 2024 amounted to about MEUR 25 (approx. MSEK 290). The acquisition will initially be dilutive to EPS. For more information, please contact: Nico Delvaux, President and CEO, tel. no: +46 8 506 485 82Erik Pieder, CFO and Executive Vice President, tel. no: +46 8 506 485 72 Björn Tibell, Head of Investor Relations, tel. no: +46 70 275 67 68, e-mail: About ASSA ABLOY ASSA ABLOY is the global leader in access solutions. Every day we help people feel safe, secure and experience a more open world. We operate worldwide with 63,000 employees and sales of SEK 150 billion, with leading positions in areas such as efficient door openings, trusted identities and entrance automation. Our innovations enable safe, secure and convenient access to physical and digital places. This information was brought to you by Cision The following files are available for download: Press release (PDF) kingspan-door-components-photo-panels View original content: SOURCE ASSA ABLOY Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Havila Kystruten AS: First quarter 2025 accounts
SummaryHavila Kystruten delivered further improvements in both revenue and profitability in the first quarter of 2025. The company reported a strengthened operating result (EBITDA), primarily driven by top-line growth. In Q1 2025, Havila Kystruten generated revenues of MNOK 350, an increase of 20% from MNOK 293 in the same period last year. The growth was mainly due to a 35% increase in average cabin revenue (ACR), which rose from NOK 3,350 to NOK 4,600. Onboard sales per guest night remained stable compared to last year, despite expected growth. More challenging weather than normal resulted in cancelled excursions, thus negatively impacting onboard sales. The occupancy rate ended at 61%, down from 68% in Q1 2024. The decline was due to an unusually high occupancy last year, partly because of rebooked guests following previous cancellations, but with lower ACR. However, it is worth noting a better balance in booking between northbound and southbound routes in 2025, due to several successful initiatives. The cabin factor (guests per cabin) increased from 1.77 to 1.86. Operating costs in the first quarter amounted to MNOK 339, up from MNOK 310 in the same period last year. Wage costs increased by MNOK 11, driven by general wage growth and strengthening of the organization. Wage costs are expected to stabilize going forward. Other operating expenses increased by MNOK 15, mainly due to higher sales and marketing costs as well as generally increased operating expenses, including maintenance. Fuel costs (LNG) were MNOK 10 higher than expected, due to low LNG stocks in Europe during the winter. These costs are expected to decline in coming quarters based on forward market pricing. The first quarter of 2025 resulted in an EBITDA of MNOK 11, a significant improvement from negative MNOK 18 in the same period in 2024, underlying the positive trajectory for the company. The company's results and balance sheet continue to be affected by currency fluctuations, particularly between NOK and EUR, which in the first quarter led to an unrealized foreign exchange gain. The company's value-adjusted equity is solidly positive at MNOK 3,419, based on market-adjusted vessel values using external broker assessments and indicative newbuild costs totaling MEUR 692. Operational efficiency in the fleet was very high during the quarter, with 100% operational uptime, excluding weather related cancellations. At the same time, Havila Kystruten continued its targeted sustainability efforts. CO₂ emissions were reduced by 35% compared to the baseline figures from Coastal Route in 2017. The company also achieved its ambitious target to reduce food waste to under 75 grams per guest night, with an actual result of 68 grams in the first quarter. The company has initiated preparations to refinance its existing secured debt and has engaged advisors to identify a suitable long-term solution tailored to both the company's situation and the secured debt market. This preparatory work has resulted in some increased administrative costs in the first quarter. Trading outlookAs of today, 61% of capacity for 2025 is booked, corresponding to approximately 81% of the annual target for cabin nights. Occupancy for Q2 2025 currently stands at 73% with one month remaining in the quarter, compared to 69% in the same period last year. A more balanced distribution between northbound and southbound routes has increased flexibility and enabled more sales closer to departure. At the same time, campaigns for Q4 started later than last year, which is expected to contribute to increased annual occupancy. For 2026, 21% of capacity is already booked at significantly higher average prices (ACR) than for 2025. Early bookings provide a basis for expectations of continued top-line growth and improved EBITDA margins. The market for travel to Norway is growing. Havila Kystruten's modern and environmentally friendly fleet has been well received, as documented by several international awards. The company's sustainability profile provides a clear competitive advantage that strengthens opportunities for price increases and higher occupancy. With an increasingly experienced organization and continuous improvements in digital sales channels, the focus is on increasing direct bookings, which historically have yielded higher prices closer to departure. The company will actively balance occupancy and price to maximize margins throughout the year. Measures to increase onboard sales are ongoing, with targeted pricing and product promotion initiatives aimed at increasing revenue from ancillary services and experiences. The strategy of shorter trips is established and under development. There is considered significant potential for increased occupancy and a broader customer base with a lower average age than historically, especially in segments with high willingness to pay. Targeted marketing and commercial initiatives have been implemented to realize this potential. Contacts:Chief Executive Officer: Bent Martini, +47 905 99 650Chief Financial Officer: Aleksander Røynesdal, +47 413 18 114This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments HKY Q1 2025 Report HKY Q1 2025 Result PresentationSign in to access your portfolio
Yahoo
05-05-2025
- Business
- Yahoo
AKVA group ASA: New land based contract signed
Reference is made to the stock exchange announcement published on January 14 where AKVA group ASA ('AKVA') was awarded a contract from Laxey EHF ('Laxey') related to a module 2 of a re-use grow-out facility for Atlantic Salmon at Westman Islands, Iceland. The realization of the contract and AKVA's delivery was subject to Laxey obtaining the necessary financing. This condition was met today as Laxey announced a MEUR 130 combined equity and debt financing related to the project. The estimated contract value related to AKVA's delivery to module 2 is MEUR 20. Dated: 5 May 2025AKVA group ASA Web: CONTACTS: Knut Nesse Chief Executive Officer Phone: +47 51 77 85 00 Mobile: +47 91 37 62 20 E-mail: knesse@ Meinkøhn Chief Financial Officer Phone: +47 51 77 85 00 Mobile: +47 98 20 67 76 E-mail: rmeinkohn@ *** This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements according to section 5-12 of the Norwegian Securities Trading Act. The information was submitted for publication by Ronny Meinkøhn (CFO) (contact details as set out above) on 5 May 2025 at 12:30 CET. About AKVA group ASA AKVA group ASA is a global technology and service partner that deliver technology and services that helps solve biological challenges within the aquaculture industry. Good operational performance and fish welfare ensures sustainability and profitability for the customer. This is the premise for everything we deliver, from single components to services and complete installations. In-depth aquaculture knowledge, extensive experience and a high capacity for innovation characterizes and enables us to deliver the best solutions for both land based and sea based fish in to access your portfolio
Yahoo
12-02-2025
- Business
- Yahoo
Year End Report 2024
Highlights The Company added a total of 50 GWh of annual long-term proportionate power generation through acquisitions in 2024, reflecting a five percent increase in long-term power generation, of which 20 GWh was added in the fourth quarter. Power generation amounted to 907 GWh for the year, in line with the updated outlook, and power generation of 287 GWh during the fourth quarter marks the Company's highest ever quarterly production. Reached the ready-to-permit milestone for the Company's first large-scale project in the UK, a 1.4 GW solar and 500 MW battery project, and initiated a sales process to assess divestment options. Achieved carbon neutrality for Scope 1 and 2 carbon emissions. Consolidated financials – 12 months Cash flows from investing activities amounted to MEUR 32.6 and was positively impacted by the sale of the Leikanger hydropower plant in the second quarter. Cash flows from operating activities amounted to MEUR -6.3. Proportionate financials – 12 months Achieved electricity price amounted to EUR 34 per MWh, which resulted in a proportionate EBITDA of MEUR 7.0. Proportionate net debt of MEUR 65.0, with significant liquidity headroom available through the MEUR 170 revolving credit facility. Financial Summary Orrön Energy owns renewables assets directly and through joint ventures and associated companies and is presenting proportionate financials to show the net ownership and related results of these assets. The purpose of the proportionate reporting is to give an enhanced insight into the Company's operational and financial results. Expressed in MEUR 1 Jan 2024-31 Dec 202412 months 1 Oct 2024-31 Dec 20243 months 1 Jan 2023-31 Dec 202312 months 1 Oct 2023-31 Dec 20233 months Consolidated financials Revenue 25.7 7.1 28.0 8.4 EBITDA -1.6 -2.5 -5.1 -0.9 Operating profit (EBIT) -17.5 -6.3 -17.0 -4.4 Net result -13.3 -6.6 -7.6 8.0 Earnings per share – EUR -0.05 -0.02 -0.03 0.03 Earnings per share diluted – EUR -0.05 -0.02 -0.03 0.03 Proportionate financials1 Power generation (GWh) 907 287 765 226 Average price achieved per MWh – EUR 34 30 47 43 Operating expenses per MWh – EUR 17 14 18 16 Revenue 30.7 8.7 36.2 9.6 EBITDA 7.0 0.1 5.3 1.3 Operating profit (EBIT) -12.9 -4.8 -11.0 -3.2 1 Proportionate financials represent Orrön Energy's proportionate ownership (net) of assets and related financial results, including joint ventures. For more details see section Key Financial Data in the Year End Report 2024. Comment from Daniel Fitzgerald, CEO of Orrön Energy AB'2024 marks another year of good progress despite challenging market conditions. We added around 50 GWh of long-term annual power generation through value-accretive acquisitions in Sweden, strengthened our balance sheet with the sale of the Leikanger hydropower asset, and launched our first sales process in the UK having reached the ready-to-permit stage on a project with 1.4 GW solar generation capacity and a 500 MW battery. In response to the volatile market conditions experienced in 2024, we initiated voluntary production curtailments across a portion of our portfolio, and started providing ancillary services to the market via some of our windfarms. These initiatives have helped us to reduce the impact of negatively priced hours and take advantage of alternative revenue streams. We remain focused on delivering profitable growth and are consistently looking for ways to improve performance during challenging market environments. Proportionate power generation amounted to 907 GWh for the year, which was in line with our updated outlook. We delivered a record quarterly power generation of 287 GWh in the fourth quarter, despite the impact of voluntary production curtailments during periods of low electricity prices. While the overall power generation in 2024 was impacted by lower-than-average wind speeds, we hope to see more normalised weather conditions in 2025, following four consecutive years of wind speeds below the historical long-term average. Taking into account this variability, the acquisitions made in 2024, and the potential for future curtailment, we expect our power generation in 2025 to be between 900 and 1,050 GWh, which gives some margin both for weather and market conditions. Capitalising on market opportunitiesThe renewable energy industry continued to face headwinds in 2024, as elevated interest rates, inflation, and periods of low electricity prices led to downward pressures on valuations and stock prices across the sector. Uncertainty in the US and political shifts across Europe further impacted investor confidence regarding the pace and support for the energy transition. However, the long-term fundamentals for renewable energy remain strong, where onshore wind and solar continue to have the lowest breakeven cost by a significant margin compared to other sources. Despite political or economic headwinds, these investments are poised to stand the test of time. We maintained our strategic focus, adding over 50 GWh of long-term proportionate power generation in 2024 at a cost of less than 0.5 MEUR per MW. We have now replaced 50 percent of the production sold of the Leikanger asset, at a significantly lower unit cost, demonstrating a highly accretive and efficient recycling of capital. In the Nordics, electricity prices remained highly volatile, which impacted our financial results. This was largely driven by periods of oversupply due to lower seasonal demand, high hydrological balances, elevated gas storage and surplus electricity from interconnected European markets. Looking ahead, energy demand is forecast to grow, fuelled by GDP growth, continued electrification and increased power needs for data centres and artificial intelligence. First UK project reached ready-to-permit stage, sales process commenced We continued advancing our project development platform in the fourth quarter, and I am excited to announce that we achieved a significant milestone by having our first large-scale project in the UK reach the ready-to-permit stage. The project is a 1.4 GW solar and 500 MW co-located battery development, and we have initiated a sales process to evaluate divestment options. This is the first project from our pipeline to reach this milestone, and we expect to have a number of follow-on projects reaching the same stage in 2025 both in the UK and Germany. In the UK, two key regulatory reforms are currently ongoing; the Clean Power 2030 Action Plan and the grid connections reform. Both aim to simplify and enhance the ability for renewable energy projects to obtain a grid connection more efficiently based on zonal capacity expectations. These reforms have had an impact on our prioritisation of projects and created some uncertainty for investors in the UK, and we will continue to monitor developments aiming to ensure our projects remain well-positioned in this evolving regulatory landscape. Financially resilientWe remain in a financially robust position, with liquidity headroom exceeding MEUR 100. Proportionate revenues and other income amounted to MEUR 8.9 for the fourth quarter and MEUR 42.1 for the year, which was impacted by low electricity prices, resulting in a proportionate EBITDA of MEUR 0.1 for the fourth quarter and MEUR 7.0 for the year. Our full-year expenditure guidance for 2025 remains largely in line with 2024 and the business strategy remains unchanged as we enter the new year. Entering the next chapter of growthLooking ahead to 2025 and beyond, I believe this will be a transformational period for Orrön Energy on many fronts. The Nordic business continues its organic growth with a good pipeline of projects, 1,000 GWh of long-term proportionate power generation and plenty of acquisition opportunities. The UK and German teams are rapidly reaching key milestones and we expect to see results from our project sales throughout 2025, with a material pipeline of opportunities to follow. We have now passed the halfway point of the Sudan legal case, and expect the District Court trial to finish during the second quarter of 2026, which will significantly reduce our future legal costs and positively impact our financial results thereafter. With the end of the Sudan trial in sight and our two organic growth platforms running, we can now start shaping the next strategic growth chapter for our business, and over the next year we will explore new opportunities to expand our portfolio and unlock additional value for our shareholders. I would like to thank our shareholders for their continued support and look forward to sharing updates on the exciting growth opportunities that lie ahead of us.' WebcastListen to Daniel Fitzgerald, CEO and Espen Hennie, CFO commenting on the report and presenting the latest developments in Orrön Energy and its future growth strategy together with members of Orrön Energy's management team at a webcast during the Company's Capital Markets Day today at 14.00 CET. The presentation will be followed by a question-and-answer session. Follow the presentation live on the below webcast link: further information, please contact: Robert ErikssonCorporate Affairs and Investor RelationsTel: +46 701 11 26 Jenny Sandström Communications LeadTel: +41 79 431 63 Energy is an independent, publicly listed (Nasdaq Stockholm: 'ORRON') renewable energy company within the Lundin Group of Companies. Orrön Energy's core portfolio consists of high quality, cash flow generating assets in the Nordics, coupled with greenfield growth opportunities in the Nordics, the UK, Germany and France. With financial capacity to fund further growth and acquisitions, and backed by a major shareholder, management and Board with a proven track record of investing into, leading and growing highly successful businesses, Orrön Energy is in a unique position to create shareholder value through the energy transition. This information is information that Orrön Energy AB is required to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the contact persons set out above, at 07.30 CET on 12 February 2025. Forward-looking statements Statements in this press release relating to any future status or circumstances, including statements regarding future performance, growth and other trend projections, are forward-looking statements. These statements may generally, but not always, be identified by the use of words such as 'anticipate', 'believe', 'expect', 'intend', 'plan', 'seek', 'will', 'would' or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that could occur in the future. There can be no assurance that actual results will not differ materially from those expressed or implied by these forward-looking statements due to several factors, many of which are outside the company's control. Any forward-looking statements in this press release speak only as of the date on which the statements are made and the company has no obligation (and undertakes no obligation) to update or revise any of them, whether as a result of new information, future events or otherwise. Attachment Q4 2024 Report EnglishSign in to access your portfolio
