05142024Tue
Last updateWed, 15 May 2024 10am
>>

HANZA: Interim report January–March 2024

HANZA reports a slowdown in the economy, which has been responded to with an efficiency program. This, combined with a recently completed acquisition and new sales activities, means that both growth and margins are expected to increase. The Board decided in the quarter to increase the financial targets for 2025. At the same time, HANZA's strong financial position opens up for opportunities for further acquisitions.


Oneflow interim report Q1 2024: Steering towards profitability

Oneflow publishes its interim report for the first quarter of 2024:

Net sales increased 41.6% to MSEK 30.8 (21.7). Share of Net sales outside Sweden increased to 33% (28) with paying users in 39 countries.
EBIT was MSEK -21.5 (-23.5), with an EBIT margin of -70% (-108).
Net income for the period amounted to -21.3 (-22.8).
Basic earnings per share amounted to SEK -0.84 (-0.91) and diluted to SEK -0.84 (-0.91).
Total ARR YoY increased 41% to MSEK 140.6 (99.6). Net New ARR for the first quarter increased 25.4% to MSEK 11.2 (9.0).
During the quarter cash-flow from current operations amounted to MSEK -7.6 (-9.4).
Total cash and cash equivalents amounted to MSEK 78.1 (188.0).

Fortaco sells its heavy project business in Hungary

Fortaco has signed an agreement to sell its heavy project business in Jászberény, Hungary to Cyclus GmbH (50%) and Ask US Management s.r.o. (50%). The current Managing Director, Mr. Uwe Sträter to continue as Managing Director and one of the owners. The transaction is part of the strategic evaluation of Fortaco’s marine, energy, and heavy project businesses announced on 28 February 2024.

eschbach's new headquarters in Bad Säckingen: A hub for innovation, collaboration and digitalization

eschbach, a leading global software provider for the chemical and pharmaceutical industries, is celebrating the opening of its new headquarters in the heart of Bad Säckingen, southern Germany.

The modern-designed headquarters is far more than just an office building; it embodies eschbach's vision of an innovation center where creativity, collaboration and technology come together. At eschbach, great importance is attached to hybrid working and the compatibility of family and career. “When the mind is free, new forward-looking ideas are born,” says Andreas Eschbach, founder and CEO.

DOMO Chemicals responds to surging demand in China with its new TECHNYL polyamide production plant

Opening the new Jiaxing plant bolsters commitment to staying close to its customers
Potential capacity up to 50,000 tons to serve growing demand for the automotive, electronics, energy and industrial and consumer goods sectors
TECHNYL® polyamides provide intelligent solutions for China’s growth markets in the green energy and mobility sectors

Syensqo is born following overwhelming support of shareholders on demerger of Solvay

Solvay’s extraordinary shareholders’ meeting supported the separation with 99.53% of positive votes, giving official birth to Syensqo

As the Extraordinary General Shareholders’ Meeting of Solvay SA/NV closed today with massive support (+99.53%) of shareholders, Syensqo SA/NV will be officially demerged from Solvay effective at midnight.

Syensqo invests in Bioeutectics, a start-up producing green solvents

The investment, made through Syensqo’s venture capital fund, will contribute to bring more sustainable products and processes to market

Syensqo Ventures, the group’s venture capital fund, participated in the $2.1 million financing round for Bioeutectics, alongside Fen Ventures, Atento Capital and SOSV (IndieBio).

Syensqo strengthens position in beauty biotech with the acquisition of ceramides-specialist JinYoung Bio

With this strategic acquisition, Syensqo sets the stage to extend its beauty care portfolio into renewable skin care specialties

Syensqo announced today the completion of the acquisition of JinYoung Bio, a specialty cosmetic ingredients supplier based in South Korea. This investment marks a significant step in expanding Syensqo’s portfolio toward more natural and high-value specialty skin care solutions with both functional and active ingredients.

SACMI Group sells its SACMI Beverage Business Unit to Omnia Technologies

Agreement to be closed by the end of summer. For SACMI, an opportunity to make best use of the experience and skills gained in over twenty years in the industry by offering the business new growth and development opportunities with Omnia, whose strategy aims to establish one of the world’s biggest automatic beverage packaging system makers
The SACMI Group announces the sale of its Beverage Business Unit to Omnia Technologies, a global group with Italian roots that provides automation technology and expertise in the food, beverage and pharmaceutical sectors.

Koenig & Bauer reporting its figures for the first quarter of 2024 and announcing further details of the “Spotlight” focus programme

As expected, Group revenue of €253.2m and EBIT of €-10.2m lower than in the previous year in a challenging market environment
Sheetfed with an encouraging sequential improvement in order intake, Digital & Webfed with a slight increase in revenue, Special set to benefit from a very high order backlog as the year continues
“Spotlight” focus programme particularly aims at enhancing earnings and efficiency in the Digital & Webfed and Special segments and requires governance adjustments
Further “Spotlight” measures are planned for Group-wide projects and at the Holding
Outlook for 2024 confirmed: operating EBIT margin and revenue stable at the previous year’s level; “Spotlight” will also help the Group achieve its EBIT margin target of 6–7% by 2026 on Group revenue of €1.5bn


  • Latest Post

  • Most Read

  • Twitter

Who's Online

We have 15262 guests and one member online

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.