Bavarian Nordic Receives Marketing Authorization for Chikungunya Vaccine for Persons Aged 12 and Older in the United Kingdom
GlobeNewswire· 2025-05-02 06:30
COPENHAGEN, Denmark, May 2, 2025 – Bavarian Nordic A/S (OMX: BAVA) announced today that the UK Medicines and Healthcare products Regulatory Agency (MHRA) has granted marketing authorization in the United Kingdom (UK) for VIMKUNYA® (recombinant, adsorbed) for active immunization for the prevention of disease caused by chikungunya virus in individuals 12 years and older. The vaccine was approved following MHRA review under the international recognition procedure, which is a targeted assessment that recognize ...
Schouw & Co. to initiate share buy-back programme of up to DKK 120 million
GlobeNewswire· 2025-05-02 06:20
The Board of Directors of Aktieselskabet Schouw & Co. has decided to initiate a share buy-back programme of up to DKK 120 million to be executed during the period 5 May to 31 December 2025. The share buy-back programme is initiated pursuant to the authorisation granted to the Board of Directors by the annual general meeting on 10 April 2025, which authorises the company to acquire treasury shares at a nominal value of 20% in total of the company’s share capital. Currently, Schouw & Co. holds 2,041,993 trea ...
Interim report – first quarter of 2025
GlobeNewswire· 2025-05-02 06:05
Core Viewpoint - Schouw & Co. reported a Q1 2025 performance that met expectations despite a turbulent environment, with limited direct impact from the turmoil on operations, although customer caution is noted [1][3]. Financial Performance - Revenue reached DKK 7.9 billion, reflecting a 1% increase [6] - EBITDA was DKK 565 million, showing a 13% decrease [6] - Cash flows from operations improved by DKK 29 million, totaling DKK 220 million [6] - Earnings per share decreased to DKK 4.94, down 20% [6] - Return on invested capital (ROIC) excluding goodwill was 12.5%, a decrease of 1.0 percentage points [6] - Full-year EBITDA guidance remains unchanged [6] Business Model and Strategy - The business model of Schouw & Co. demonstrates its value during challenging times, with a significant portion of revenue being non-cyclical [4] - The company benefits from a highly diversified product offering and a global presence, positioning it as a steady performer amid turbulence [4] - Schouw & Co. is focused on leveraging its financial strength and versatility to pursue long-term attractive investments [4]
Shell plc First Quarter 2025 Interim Dividend
GlobeNewswire· 2025-05-02 06:02
Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q1 2025 [1] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling [2] - The payment date for the dividend is set for June 23, 2025 [5] Dividend Details - The equivalent dividend payments in pounds sterling and euros will be announced on June 9, 2025 [3] - For American Depositary Shares (ADSs), the dividend will be US$ 0.716 per ADS, with each ADS representing two ordinary shares [4] - The ex-dividend date for ordinary shares is May 15, 2025, and for ADSs, it is May 16, 2025 [5] Dividend Timetable - Announcement date: May 2, 2025 [5] - Record date: May 16, 2025 [5] - Closing of currency election date: June 2, 2025 [5] Additional Information - Shareholders can participate in Dividend Reinvestment Plans (DRIPs) to reinvest dividends into purchasing more shares [8] - Tax treatment of dividends should be consulted with a tax advisor [7]
Shell Plc 1st Quarter 2025 Unaudited Results
GlobeNewswire· 2025-05-02 06:00
Core Insights - Shell plc reported a significant decrease in income attributable to shareholders in Q1 2025, amounting to $4.78 billion, down from $7.36 billion in Q1 2024, reflecting a 35% decline [1][3] - Adjusted earnings for Q1 2025 were $5.58 billion, a 52% increase from $3.66 billion in Q4 2024, driven by lower exploration well write-offs and higher product margins [1][2] - The company experienced a cash flow from operating activities of $9.28 billion, a decrease of 29% compared to Q4 2024 [1][4] Financial Performance - Total revenue for Q1 2025 was $69.23 billion, an increase from $66.28 billion in Q4 2024 [73] - Adjusted EBITDA for Q1 2025 was $15.25 billion, up 7% from $14.28 billion in Q4 2024 [1] - Free cash flow was reported at $5.32 billion, reflecting a decrease from $8.73 billion in Q4 2024 [1] Segment Analysis Integrated Gas - Income for the Integrated Gas segment was $2.79 billion in Q1 2025, up from $1.74 billion in Q4 2024 [19] - Adjusted earnings increased to $2.48 billion, a 15% rise from $2.17 billion in Q4 2024 [19] - LNG sales volumes reached 16.49 million tonnes, a 6% increase compared to Q4 2024 [19] Upstream - The Upstream segment reported income of $2.08 billion, a significant increase from $1.03 billion in Q4 2024 [27] - Adjusted earnings rose to $2.34 billion, a 39% increase from $1.68 billion in Q4 2024 [27] - Total production available for sale was 1.86 million boe/d, slightly down from 1.86 million boe/d in Q4 2024 [27] Marketing - The Marketing segment saw income rise to $814 million, a substantial increase from $103 million in Q4 2024 [33] - Adjusted earnings were $900 million, reflecting a 7% increase from $839 million in Q4 2024 [33] - Cash flow from operating activities was $1.91 billion, up from $1.36 billion in Q4 2024 [33] Chemicals and Products - The Chemicals and Products segment reported a loss of $77 million, an improvement from a loss of $276 million in Q4 2024 [42] - Adjusted earnings for the segment were $449 million, a significant increase from a loss of $229 million in Q4 2024 [42] - Cash flow from operating activities was $130 million, down from $2.03 billion in Q4 2024 [42] Renewables and Energy Solutions - The Renewables and Energy Solutions segment reported a loss of $247 million, an improvement from a loss of $1.23 billion in Q4 2024 [52] - Adjusted earnings were negative at $42 million, an improvement from a loss of $311 million in Q4 2024 [52] - Cash flow from operating activities was $367 million, a decrease from $850 million in Q4 2024 [52] Shareholder Distributions - Total shareholder distributions in Q1 2025 amounted to $5.5 billion, including $3.3 billion in share repurchases and $2.2 billion in cash dividends [8] - The dividend declared for Q1 2025 was $0.3580 per share, consistent with the previous quarter [1][8] Outlook - The company expects cash capital expenditure for the full year 2025 to be between $20 billion and $22 billion [66] - Integrated Gas production is projected to be approximately 890 - 950 thousand boe/d in Q2 2025 [67] - Upstream production is expected to be around 1,560 - 1,760 thousand boe/d, reflecting the SPDC divestment [68]
New member of the Executive Management of Realkredit Danmark A/S
GlobeNewswire· 2025-05-02 06:00
Core Viewpoint - Realkredit Danmark A/S is expanding its Executive Management by appointing Robert Wagner, effective June 1, 2025, to enhance its leadership team and ensure robust succession planning [1][3]. Group 1: Management Changes - Robert Wagner will join the Executive Management of Realkredit Danmark A/S on June 1, 2025, while continuing his role as Chief Risk Officer [1][2]. - The Executive Management team will consist of Kamilla Hammerich Skytte (CEO), Bjarne Aage Jørgensen, and Robert Wagner starting from June 1, 2025 [5]. Group 2: Robert Wagner's Background - Robert Wagner has been with the Danske Bank Group since 2008, holding significant roles in Group Risk Management and CFO areas over the past 17 years [2]. - He has been instrumental in risk management, capital management, and regulatory affairs, showcasing his expertise in these critical areas [2][4]. Group 3: Leadership Perspectives - Christian Bornfeld, Chairman of the Board, emphasized that Wagner's addition strengthens the Executive Management's competencies and enhances customer focus [3]. - CEO Kamilla Hammerich Skytte expressed confidence in Wagner's insights and contributions, highlighting his long-standing experience in risk management [4].
Middlefield Canadian Income PCC - Proposed Rollover into UCITS ETF
GlobeNewswire· 2025-05-02 06:00
Core Viewpoint - Middlefield Canadian Income PCC and its Fund plan to propose a transaction allowing shareholders to exchange their shares for those in a newly established UCITS ETF, aimed at enhancing liquidity and addressing the discount to NAV [5][9][17] Group 1: Transaction Details - The proposed transaction involves the voluntary winding up of the Company and the Fund, with shareholders given the option to receive shares in the new ETF or cash close to the Company's NAV per share [5][6] - The ETF will be actively managed by Middlefield Limited and will maintain the existing investment objective focused on high-quality Canadian and US large-cap companies [5][10][14] - Shareholders can choose to retain their investment through the ETF, opt for a cash exit, or a combination of both [6][18] Group 2: Shareholder Engagement - The Company received a requisition notice from Saba Capital Management proposing a scheme for shareholders to transition to a UK-listed investment vehicle, which led to discussions and the temporary withdrawal of the requisition [7][8] - The Board consulted with major shareholders, including Saba, to formulate proposals that would best serve shareholder interests [8][9] Group 3: ETF Structure and Benefits - The ETF is expected to have a lower total expense ratio (TER) than the current Company TER, targeted to be below 1%, and will trade close to its NAV due to its structure [11][14] - The ETF aims to provide quarterly distributions similar to current dividends and may utilize financial derivative instruments to support its dividend policy [14][15] - Middlefield has a successful track record of rolling closed-end funds into ETFs, with several of its funds ranked among the top-performing Canadian ETFs [12] Group 4: Timeline and Future Steps - The establishment of the ETF and the circular relating to the transaction are expected to be sent to shareholders by August 2025, pending regulatory and tax approvals [16]
Bank of Åland Plc to cut prime rate
GlobeNewswire· 2025-05-02 06:00
Core Point - The Bank of Åland Plc has decided to decrease its prime rate by 0.25 percentage points, from 2.50% to 2.25%, effective May 16, 2025, due to falling market interest rates [1]. Group 1 - The prime rate cut reflects the bank's response to the current market conditions [1]. - The new prime rate will be implemented on May 16, 2025 [1].
Company announcement for the first quarter results 2025
GlobeNewswire· 2025-05-02 05:31
Company announcement number 37/2025 2 May 2025 Company announcement for the first quarter results 2025 Kamilla Hammerich Skytte, CEO, comments on the first quarter of 2025: “The financial performance for the first quarter was satisfactory. Relative to the same period in 2024, the underlying business was performing at a similar level, while the first quarter of 2025 benefited from a net loan impairment reversal. During the first quarter, the loan-to-value ratio fell to 51%; This is a continuing indication of ...
Solid results for the first quarter of 2025 driven by good customer activity across the business and strong credit quality in an uncertain global environment. Net profit of DKK 5.8 billion.
GlobeNewswire· 2025-05-02 05:30
Press releaseDanske BankBernstorffsgade 40DK-1577 København VTel. + 45 45 14 14 002 May 2025Page 1 of 3 Solid results for the first quarter of 2025 driven by good customer activity across the business and strong credit quality in an uncertain global environmentNet profit of DKK 5.8 billion. Carsten Egeriis, Chief Executive Officer, comments on the financial results: “For Danske Bank, the first quarter of 2025 was a continuation of our satisfactory and stable performance in 2024. We delivered solid results i ...