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Business Upturn
04-08-2025
- Business
- Business Upturn
BTS Group AB (publ) announces earnings update for the second quarter and lowered outlook for 2025
By GlobeNewswire Published on August 4, 2025, 11:00 IST P R E S S R E L E A S E Stockholm, August 4, 2025 BTS Group AB (publ) announces earnings update for the second quarter and lowered outlook for 2025 STOCKHOLM, SWEDEN – BTS Group AB (publ), a leading global consultancy specializing in strategy execution, change, and people development, today announces an earnings update for the second quarter 2025. The company is expected to report net sales of approximately SEK 720 (730) and an EBITA of SEK 85 (110) in the second quarter. As a consequence, the outlook for 2025 has changed from a better EBITA than last year to the company anticipating a worse EBITA than last year. The deviation in profit stems entirely from BTS North America, which is experiencing negative revenue growth, mainly due to inefficient go-to-market and sales operations. Additionally, the current unfavorable USD exchange rate as well as severance and other one-time costs in the quarter have contributed to the reduced results. A program to get back to growth of revenue and profit in North America has been implemented, with new leadership of BTS North America, a new strategy and organization for marketing and sales. BTS Other Markets, BTS Europe, and the previously acquired executive coaching business of Boda in North America are continuing to show healthy growth of revenues and EBITA. For more information, please contact: Jessica Skon, CEO +1 (415) 203 1760 Michael Wallin, Head of investor relations [email protected] +46 8-587 070 02 +46 708-78 80 19 This information is information that BTS Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out above, at 08:00 CEST on August 4, 2025. About BTS Group AB BTS is a global professional services firm headquartered in Stockholm, Sweden. BTS has about 1,200 professionals in 38 offices located on six continents. BTS competes in both talent and HR consulting as well as the traditional consulting markets. BTS's services support a broad range of client challenges including top-to-bottom and on-demand leadership development, talent selection and readiness, strategy creation andstrategy implementation, as well as culture and broad-scale change. For over 35 years, BTS has been focused on the people-side of change and on powering better performance using proprietary simulation, learning, coaching, and assessment methodologies. We partner with nearly 1,200 organizations, including over 40 of the world's 100 largest global corporations. BTS is a public company listed on the Nasdaq Stockholm exchange and trades under the symbol BTS B. For more information, please visit . Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
24-07-2025
- Business
- Yahoo
Rapala VMC Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
RAPALA VMC CORPORATION, Major shareholder announcements, July 24, 2025 at 12:00 p.m. EEST Rapala VMC Corporation has received a notification pursuant to Chapter 9, Section 5 of the Securities Markets Act from Sycamore Partners Management, L.P. (New York, U.S.) on July 23, 2025. According to the notification, the aggregate ownership of Cermak Road LLC in Rapala VMC Corporation's shares (ISIN: FI0009007355) decreased below five (5) per cent threshold on July 23, 2025. Total position of person(s) subject to the notification:% of shares and voting rights % of shares and voting rights through financial instruments Total of both in % Total number of shares and voting rights of issuer Resulting situation on the date on which threshold was crossed or reached below 5% - below 5% 39,000,000 Position of previous notification (if applicable) 9.66% - 9.66%Notified details of the resulting situation on the date on which the threshold was crossed or reached: A: Shares and voting rightsNumber of shares and voting rights % of shares and voting rights Class /type of shares Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7) Direct(SMA 9:5) Indirect(SMA 9:6 and 9:7) FI0009007355 - below 5% - below 5% SUBTOTAL A below 5% below 5% B: Financial Instruments according to SMA 9:6a None notified Information in relation to the person subject to the notification obligation (Item 8): Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: Name % of shares andvoting rights % of shares and voting rights through financial instruments Total of both Sycamore Partners Management, L.P. 0% 0% 0% Sycamore Partners III, L.P. 0% 0% 0% Cermak Road LLC below 5% 0% below 5% Further, according to the notification: 'Sycamore Partners Management, L.P. is the investment adviser to Sycamore Partners III, L.P. The beneficial owners listed in Item 8 hold a passive interest in Rapala VMC.' Rapala VMC Corporation Cyrille ViellardPresident and Chief Executive Officer Additional InformationFor additional information, please contact: Tuomo Leino, Investor Relations (tel. +358 9 7562 540) About Rapala VMC CorporationRapala VMC Group is the world's leading fishing tackle company with a largest distribution network in the industry. The Group is a global market leader in fishing lures, treble hooks and fishing related knives and tools. The main manufacturing facilities are in Finland, France, Estonia, and the UK. The Group's brand portfolio includes leading brands in the industry such as Rapala, VMC, Sufix, 13Fishing as well as Okuma in Europe. The Group, with net sales of EUR 221 million in 2024, employs some 1 400 people in approximately 40 countries. Rapala VMC Corporation's share is listed and traded on the Nasdaq Helsinki stock exchange since 1998. 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
07-05-2025
- Business
- Yahoo
JLT Mobile Computers AB (publ) publishes interim report for January–March 2025
JLT Mobile Computers AB Växjö, Sweden, 7th May 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers for demanding environments, publishes its interim report for the period January–March 2025 today. Summary of key figures Order intake 59.7 MSEK (33.7) Net sales 36.0 MSEK (37.7) Operating profit 0.9 MSEK (0.8) Profit after taxes 0.7 MSEK (0.5) Cashflow +2.0 MSEK (-1.7) In short After a period of low demand in our target markets, we observed a recovery in the first quarter of the year. The cost-cutting measures implemented in 2024 have also started to yield results, and JLT reports an operating profit of MSEK 0.9 (0.8) after three previous quarters with a loss. During the quarter, JLT secured several major deals, including an order form a leading US food producer worth MSEK 22 plus service agreements, which contributed to a high order intake. In total, the order intake amounted to MSEK 60, compared to MSEK 34 in the same period last year. More than two-thirds of the quarter's sales were made to US customers in USD. During the quarter the weaker USD had a negative impact on the gross margin, which ended at 38% (44) JLT continues to free up capital by reducing inventory, which at the end of the quarter amounted to MSEK 33, a decrease of MSEK 7.4 from the same period las year and MSEK 4.9 from the beginning of the year. Cashflow was positive and amounted to MSEK 2.0 (-1.7) The full interim report is attached to this press release and available for download at the company's website, Additional financial information is available online on JLT's investor pages. This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact persons set out below, at 1:00 pm CET on Wednesday, May 7, 2025. Reader Enquiries JLT Mobile Computers Group Certified Adviser Per Holmberg, CEO Eminova Fondkommission AB Tel.: +46 70 361 3934 Tel.: +46 08 684 211 10 adviser@ About JLT Mobile Computers JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for demanding environments. 30 years of development and manufacturing experience have enabled JLT to set the standard in rugged computing, combining outstanding product quality with expert service, support and solutions to ensure trouble-free business operations for customers in warehousing, transportation, manufacturing, mining, ports and agriculture. JLT operates globally from offices in Sweden, France, and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and the share has been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at
Yahoo
28-04-2025
- Business
- Yahoo
FINGRID GROUP – MANAGEMENT'S REVIEW 1.1.−31.3.2025
Fingrid follows a six-month reporting period in compliance with the Securities Markets Act and publishes Management's Reviews for the first three and nine months of the year; the Management's Reviews contain key information illustrating the company's financial and other development. The information presented in the Management's Review relates to Fingrid Group's performance in January–March 2025 and the corresponding period of 2024, unless otherwise indicated. The figures presented here have been drawn up in accordance with the International Financial Reporting Standards (IFRS). The Management's Review is not an interim report in accordance with the IAS 34 standard. The figures are unaudited. The transmission reliability rate of Fingrid's transmission system was high, at 100 (99.99991) per cent, and the availability of electricity was good. Due to a mild winter, electricity consumption in Finland decreased from January to March, amounting to 23.8 (24.6) terawatt hours. The emissions from the electricity consumed in Finland decreased. The company estimates that the gross capital expenditure in 2025–2028 will amount to roughly EUR 1.7 billion, EUR 623 million of which is committed. 432 (528) MW in renewable production capacity was connected to the main grid. Turnover for January–March was significantly lower than in the previous year. The balance service's share of the company's turnover decreased to 47 (59) per cent due to lower imbalance power prices. The costs of maintaining the electricity system are subject to volatility. Fingrid's share of the accrued congestion income was EUR 71.4 (75.0) million. Fingrid's income on the financial transmission rights (FTR) issued on the Finland–Estonian border amounted to EUR 13.5 (15.2) million, and the congestion income credited to their holders was EUR 26.9 (11.4) million. Fingrid used congestion income for investments and to cover operational costs. Operating profit, excluding the change in the fair value of derivatives linked to operational activities, was EUR 119.5 (119.8) million. The allowed regulatory profit remained at the previous year's level. Profit before taxes was EUR 103.1 (81.0) million. The company's financial position remained figures 1−3/25 1−3/24 change % 1−12/24 Turnover M€ 370.7 472.9 -21.6 1,269.3 Operating result* M€ 119.5 119.8 -0.3 238.9 Result before taxes* M€ 115.9 118.1 -1.9 227.4 Result for the period M€ 81.6 64.9 25.7 149.2 Net cash flow from operations M€ 220.8 36.7 502.0 190.9 Accumulated congestion income M€ 98.2 86.4 13.7 327.5 Capital expenditure, gross M€ 93.0 77.0 20.8 520.9 Interest-bearing net borrowings M€ 872.0 672.2 29.7 1,021.7 EBITDA ** M€ 351.1 293.8 19.5 329.3 System security % 100.0 99.99991 0.0 99.9995 Electricity consumption in Finland TWh 23.8 24.61 -3.4 82.75 Lost-time injuries frequency (LTIF) ** 3.1 9.2 -66.3 4.8 Emission factor, electricity consumed in Finland gCO2/kWh 36 49 -27.6 33 Renewable production connected to the main grid MW 432 528 -18.2 1,600 * Excluding the change in the fair value of derivatives ** 12-month rolling sumReview by the President & CEO: Mild winter contributed to good adequacy of electricity, market advanced towards 15-minute time unit 'In compliance with Fingrid's forecasts, the winter of 2024–2025 was relatively problem-free, thanks to the reliably functioning power system and unusually mild weather. The fault detected in the EstLink 2 transmission cable on Christmas Day would have jeopardized the adequacy of electricity supply in exceptional circumstances. 'The unusually warm weather decreased the consumption of electricity, with the consumption peak on 4 February as low as 13,314 megawatts. The mild winter also helped keep the maintenance costs of the electricity system in check. The distribution of electricity consumption over the hours of the day demonstrated the increased impact of the day-ahead market: consumption tended to shift from high-priced hours to less expensive times of the day. The preparations for repairs on the damaged EstLink 2 transmission connection have progressed. According to the current repair schedule, the connection is due to resume its operation in mid-July. In early March, it was announced by Fingrid and the Estonian TSO Elering, the 50/50 owners of the EstLink 2 transmission connection, that the companies have decided to waive enforcement of the seizure of the Eagle S, the vessel suspected of damaging the cable, due to the financial risk involved. The TSOs will instead seek damages by legal action. During the first weeks of the year, public concerns were voiced as to whether Fingrid is capable of connecting new industrial-scale consumers to the main grid in southern Finland. The consumption of electricity has increased faster than expected in the region, while at the same time local adjustable generation capacity has been phased out and electricity imports from Russia have discontinued. The already concluded main grid connection agreements will be implemented on schedule. The availability of the main grid connection capacity in southern Finland will be less strained in 2027–2028, once the investments to reinforce the main grid are completed. The capability to connect new consumption in southern Finland is facilitated by the ability of new consumption to adjust its use of electricity and close cooperation between Fingrid, the local DSO and the customer. The first quarter of 2025 saw major steps towards a 15-minute electricity market. The 15-minute Market Time Unit was introduced on the intraday electricity market between Finland and Estonia in January and between the Nordic countries in March. The go-live of the Nordic 15-minute balancing power markets took place successfully in early March. These markets are a precondition for a pan-European transition to 15-minute day-ahead markets in June 2025.' Main business events The consumption of electricity in Finland in January–March amounted to 23.8 (24.6) terawatt hours. During this period, the electricity Fingrid transmitted to its customers amounted to 18.8 (18.7) terawatt hours, which represents 79.0 (76.2) per cent of Finland's total consumption. Fingrid transmitted in its grid a total of 81.3 (79.3) per cent of the total electricity transmission in Finland. The electricity supply was not in jeopardy as the electricity system and domestic generation capacity operated reliably. The unusually warm weather of the winter 2024–2025 also contributed to the lower electricity consumption, compared with the previous winter. The consumption peak on 4 February remained as low as 13,314 megawatts. 432 (528) MW in renewable production capacity was connected to the main grid, consisting of 285 (491) MW of wind power and 147 (37) MW of solar power. A new wind power production record was set on 18 March 2025, with Finnish wind power parks generating a total of 7,296 MW. The second transmission connection between Finland and Estonia, EstLink 2, experienced a failure in December 2024. The repairs of the broken cable are progressing and, according to current information, the EstLink 2 connection will return to commercial operation in mid-July. The new Nordic mFRR energy action market, a key component of the power system reserve markets, was rolled out successfully in March. The start of operations was a major joint undertaking between the Finnish, Swedish, Norwegian and Danish TSOs and electricity market parties. The mFRR market has experienced significant price volatility and several high peaks in balancing power prices. The transition to 15-minute granularity on the electricity market progressed as planned during the period under review, increasing confidence that the adoption of 15-minute trading on the day-ahead market in summer 2025 will also be successful. The intra-day market went over to 15-minute trading between Finland and Estonia in January and between the Nordics in March. Fingrid achieved an excellent result in the International Transmission Operations and Maintenance Study (ITOMS), which assesses the efficiency and quality of electricity transmission system operators. The system security of Fingrid's main grid was once again rated as high, achieving the best score of the benchmarked companies. The cost-effectiveness of Fingrid's maintenance operations also improved in comparison to other companies. Legal proceedings and proceedings by authorities On 2 January 2024, Fingrid appealed to the Market Court against the Energy Authority's decision on the terms and conditions of balance service. The appeal mainly concerns the collateral model for balance responsible parties presented in the decision. In November 2023, the Energy Authority issued a decision on the terms and conditions for balance responsible parties, which include the principles for how collateral requirements are determined. The Energy Authority's decision includes major changes to the current collateral terms and conditions and sets apart Finland's collateral model from that used in other Nordic countries. The most significant changes to the current collateral model include a major reduction in the required collaterals, elimination of the requirement to provide an adequate additional collateral and a possible collateral ceiling. The reduction of collaterals required from a balance responsible party will increase joint liability for counterparty risks among the all balance responsible parties. On 29 January 2024, Fingrid appealed to the Market Court against the Energy Authority's decision on the methods concerning the specification of the profit for the electricity transmission grid operations for the sixth regulatory period 1 January 2024–31 December 2027 and seventh regulatory period 1 January 2028–31 December 2031. According to Fingrid's assessment, the decision on the regulatory methods is a significant weakening of the electricity transmission grid operations' reasonable profit regulatory method that expired at year-end. In Fingrid's view, the assessment of impacts in preparing the regulatory model decision has been deficient and there are still issues open to interpretation related to the presented decision. The decision weakens Fingrid's ability to invest. Fingrid's goal is a solution that would also enable the future development of the grid, allowing the hundreds of billions in green transition investments in Finland to be implemented as planned. On 15 February 2024, Fingrid appealed to the Market Court against the decision given by the Energy Authority on 11 January 2024 on the scope of the national transmission system operator's systems responsibility regarding the grid connection of the OL3 nuclear power plant. Teollisuuden Voima Oyj ('TVO') lodged a request for an investigation with the Energy Authority on 25 May 2022 related to the claims by TVO that Fingrid has neglected its obligation to develop the main grid as stated in the Finnish Electricity Market Act and/or other applicable legislation, and that, as a result, it has placed unlawful restrictions on connecting the Olkiluoto 3 nuclear power plant to the grid, and that Fingrid is in breach of its administrative obligations linked to carrying out its public administrative task. The Energy Authority states in its decision of 11 January 2024 that Fingrid fulfilled its development, connection and transmission obligations in accordance with the Electricity Market Act. The Energy Authority also found the 1,300 MW power limit specified in Fingrid's connection terms justified and did not find Fingrid to have restricted Olkiluoto 3's access to the grid. In its decision, the Energy Authority sees, however, that Olkiluoto 3's protection scheme falls under Fingrid's responsibility based on a transmission system operator's protection scheme as intended by legislation and that Fingrid is in breach of Article 9 of the Commission Regulation (EU) 2017/1485 establishing a guideline on electricity transmission system operation and its obligation in line with Section 10, Subsection 1 of the Act on the Control of the Electricity and Natural Gas Market (2013/590) to bring the determination principles for fees it applies before the Energy Authority for approval prior to their implementation. In accordance with the Energy Authority's decision, Fingrid submitted its proposal concerning the determination principles for fees related to the OL3 protection scheme on 30 April 2024. The Energy Authority issued its decision on the determination principles for fees on 30 December 2024. According to the decision, TVO shall bear the costs for reimbursements to response resources connected to system protection and for the construction, maintenance and use of data communication connections. The decision states that Fingrid shall bear the costs for acquiring the response resources and awarding contracts, managing the protection scheme and the tests to be carried out on the response resources for system protection, as well as for the maintenance of the measurement and monitoring system for system protection in Fingrid's operation control system. Fingrid and TVO have agreed on provisional fee arrangements for Olkiluoto 3's protection scheme as of 1 January 2025. The agreement is based on the decision issued by the Energy Authority on the costs for the protection scheme on 30 December 2024. The provisional fee arrangements for the protection scheme do not directly affect the legal proceedings concerning the protection scheme's extent, which are still ongoing in the Market Court. Fingrid received an expropriation permit for the widening of the Torna–Lautakari right-of-way for the neutral line on 27 October 2022. In the kick-off meeting for the expropriation procedure on 1 December 2022, the expropriation committee decided that the expropriating party is obligated to assume responsibility for the tree stands within the scope of the rights and restrictions set in the expropriation permit, unless otherwise agreed. The final meeting of the expropriation procedure was held on 16 November 2023. Fingrid appealed against the decision concerning the Torna–Lautakari tree stands' expropriation to the Southwest Finland District Court's Land Rights Court on 22 December 2023. Events after the review period On 2 April 2025, Fingrid Oyj's Annual General Meeting approved the financial statements for 2024 and decided on the distribution of dividends in compliance with the proposal for dividend distribution presented in the financial statements. The first instalment of the dividend, totalling EUR 90,187,800.00, was paid on 7 April 2025. Eeva-Liisa Virkkunen was elected as a new member of the Board of Directors and also as the new Chair of the Board, and Leena Mörttinen was re-elected as the Deputy Chair of the Board. Jero Ahola, Anne Jalkala and Mikko Mursula were re-elected as Board members. The company has not changed its earnings guidance from what is stated in the Financial Statements Bulletin of 4 March 2025. Further information: Asta Sihvonen-Punkka, President & CEO+358 30 395 5235 or +358 50 573 9053 Jukka Metsälä, Chief Financial Officer +358 30 395 5213 or +358 40 563 3756 Fingrid is Finland's transmission system operator. We secure reliable electricity for our customers and society, and shape the clean, market-oriented power system of the future. Fingrid delivers. Responsibly. in to access your portfolio
Yahoo
24-04-2025
- Business
- Yahoo
Europi Property Group publishes Annual and Sustainability Report 2024
STOCKHOLM, April 24, 2025 /PRNewswire/ -- The Annual and Sustainability Report 2024 is now available on the company's website For further information, please contact: Jonathan Willén, CEO, Europi Property Group +46 (0) 8 411 55 77 E-mail: info@ About Europi ( Europi Property Group is a pan-European real estate investment company with offices in London and Stockholm, investing discretionary capital across all segments with a flexible investment strategy. Europi has since inception completed public and private transactions of more than €700m in gross asset value alongside its established network of local operating partners and completed four successful exits. By combining a truly entrepreneurial, active ownership approach with focus on social and environmental sustainability, Europi generates long term value and positive impact for all stakeholders. This information is information that Europi Property Group AB (publ) is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 16:30 CET on 24 April 2025. This information was brought to you by Cision The following files are available for download: Europi Annual and Sustainability Report 2024 View original content: Sign in to access your portfolio
