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 ...
DEME completes Havfram acquisition
GlobeNewswire· 2025-05-02 05:30
DEME COMPLETES HAVFRAM ACQUISITIONFollowing the announcement on April 9, 2025, of its agreement to acquire Havfram, an international offshore wind contractor based in Norway, DEME (Euronext: DEME) has now successfully completed the acquisition. The transaction, valued at approximately 900 million euros, has passed all customary closing conditions. Attachment P2025 DEME Project Havfram v20250502 ENG ...
Aalberts N.V.: Aalberts reports first quarter 2025 results
GlobeNewswire· 2025-05-02 05:30
Utrecht, 2 May 2025 Aalberts reports first quarter 2025 resultsIn the first quarter Aalberts realised EUR 778.3 million revenue, which translates into 3.3% organic revenue decline compared to the first quarter of last year. We realised EUR 105.7 million EBITA or 13.6% EBITA margin. In challenging market environments, we continued our focus on cost out and inventory optimisation initiatives. The added value margin remained on a good level. Thanks to our local footprint, supply chain and pricing excellence, ...
ING completes share buyback and announces new programme of up to €2.0 billion
GlobeNewswire· 2025-05-02 05:05
Core Viewpoint - ING has completed its previous share buyback program and announced a new program with a maximum total amount of €2.0 billion aimed at improving its CET1 ratio [1][2][3]. Group 1: Share Buyback Program - The completed share buyback program involved the repurchase of 125,848,305 ordinary shares at an average price of €15.84, totaling approximately €1.99 billion [1]. - In the final week of the previous program, 6,872,040 shares were repurchased at an average price of €17.12, amounting to about €117.68 million [2]. - The new share buyback program is set to commence on 2 May 2025 and is expected to conclude by 27 October 2025 [3]. Group 2: CET1 Ratio Impact - As of the end of Q1 2025, ING's CET1 ratio stood at 13.6%, significantly above the required 10.76% [3]. - The new share buyback program is projected to impact the CET1 ratio by approximately 59 basis points [3]. Group 3: Regulatory Approval and Compliance - The European Central Bank (ECB) has approved the new share buyback program, which will adhere to the Market Abuse Regulation and the authority to acquire up to 20% of issued shares [4]. - ING has established a non-discretionary arrangement with a financial intermediary to facilitate the buyback process [4].
Idorsia issues invitation to the 2025 Annual General Meeting of Shareholders
GlobeNewswire· 2025-05-02 05:00
Core Points - Idorsia Ltd has announced the date for its Annual General Meeting (AGM) to be held on May 28, 2025, to approve the Annual Report for the year ending December 31, 2024 [1] - The Chairman of the Board, Jean-Paul Clozel, expressed gratitude towards the Board members and noted that Dr. Sophie Kornowski will not seek re-election, while all other members will stand for re-election [2] - The company aims to amend its Articles of Association regarding share capital to enhance financing flexibility [2] Company Overview - Idorsia Ltd is focused on discovering, developing, and commercializing transformative medicines, with a strong scientific core and a commitment to challenging accepted medical paradigms [6][8] - The company is headquartered near Basel, Switzerland, and is positioned within a European biotech hub, emphasizing its capabilities in drug discovery, particularly in small-molecule drugs [7][8] AGM Agenda Highlights - The AGM will include votes on the Annual Report 2024, Consolidated Financial Statements 2024, and Statutory Financial Statements 2024 [7] - Other key agenda items include the appropriation of available earnings, discharge of the Board of Directors, amendments to share capital, and re-elections of Board members and statutory auditors [7]
Statkraft submits plan to upgrade Nore power plant for 4 billion NOK
GlobeNewswire· 2025-05-02 05:00
Core Viewpoint - Statkraft is applying for a license to upgrade the Nore hydropower plants with a budget of 4 billion NOK to enhance electricity production and stabilize prices in Norway [1][2]. Company Overview - Statkraft is a leading international hydropower company and Europe's largest generator of renewable energy, with operations in over 20 countries and around 7,000 employees [14]. Project Details - The Nore hydropower plants consist of Nore I, operational since 1928 with a capacity of 212 MW and annual production of 1150 GWh, and Nore II, operational since 1946 with a capacity of 60 MW and over 300 GWh annual production [10]. - The upgrade aims to nearly double the capacity from 274 MW to 500 MW and increase annual production from approximately 200 GWh to about 1700 GWh under the preferred alternative [6]. - An alternative plan would increase the combined capacity by 65 MW and production by around 150 GWh [6]. Future Plans - Statkraft plans to build a next-generation hydropower system and initiate five major upgrades by 2030, with the Nore plants upgrade being a significant step [2][8]. - The company aims to increase its installed capacity in Norway by over 20 percent, providing an additional 1500 to 2500 MW of capacity through various upgrades [8]. Environmental and Economic Considerations - Upgrading existing hydropower plants is seen as a way to enhance capacity and energy production while considering environmental impacts [3][9]. - The company acknowledges that such upgrades require substantial investments and are often only marginally profitable, necessitating careful assessment of various factors [9]. Licensing Process - The license application will be processed by the Norwegian Water Resources and Energy Directorate (NVE), followed by a hearing process, with the Ministry of Energy making the final decision [13].
ING posts 1Q2025 net result of €1,455 million, with strong growth in customer balances and fee income
GlobeNewswire· 2025-05-02 04:59
Core Insights - ING Group reported a net result of €1,455 million for 1Q2025, with a profit before tax of €2,124 million and a CET1 ratio of 13.6% [1][3] Financial Performance - Total income increased due to strong growth in deposits and higher mortgage volumes, with resilient commercial net interest income and a significant rise in fee income [3][7] - Operating expenses slightly decreased quarter-on-quarter, while year-on-year increases were in line with guidance, reflecting inflation and client acquisition costs [3][7] - Risk costs were €313 million, below the through-the-cycle average, indicating a high-quality loan portfolio [3] Retail Banking Highlights - The mobile primary customer base grew by 174,000, primarily in Germany, the Netherlands, Spain, and Poland [4] - Retail core deposits increased by €17 billion, mainly in Germany, and core lending rose by €9 billion, with €6 billion in residential mortgages [4] - Mortgage applications surged to 125,000, a 20% increase year-on-year, and retail fee income rose by 18% year-on-year [4] Wholesale Banking Insights - Total income remained stable, with strong results in Financial Markets despite muted lending volumes [5] - Fee income in Wholesale Banking increased quarter-on-quarter, driven by higher fees from Global Capital Markets and Trade Finance [5] Sustainability Initiatives - ING mobilized €30 billion in sustainable volume, a 23% increase compared to last year, and launched services to assist customers in reducing their environmental footprint [6][8] Shareholder Returns - The company announced a €2.0 billion share buyback program as part of its strategy to move capital towards target levels [7][8] CEO's Perspective - The CEO emphasized the bank's role in supporting growth amid geopolitical and macroeconomic uncertainties, highlighting the importance of understanding client needs [2][9]
Bunker Hill Announces Amendments to Outstanding RSUs
GlobeNewswire· 2025-05-02 03:25
Core Points - Bunker Hill Mining Corp. has amended the vesting schedule for 3,891,096 restricted stock units (RSUs) from May 1, 2025, to June 1, 2025 [1][2] - The RSUs were granted under the amended RSU Plan on November 2, 2022, July 4, 2023, and March 13, 2024 [1] - The amendments to the RSUs are subject to approval from the TSX Venture Exchange [3] Financial Disclosure - The company clarified that the RSUs granted on November 17, 2022, were actually granted on November 2, 2022, with the first two increments vesting on March 31, 2023, and 2024, respectively [2] - The final increment of the November 2022 RSUs will now vest on June 1, 2025 [2] Company Overview - Bunker Hill Mining Corp. is focused on revitalizing its historic mining asset in the Coeur d'Alene mining district, which contains significant zinc, lead, and silver deposits [4] - The company aims to maximize shareholder value while responsibly harnessing mineral wealth through modern exploration techniques and sustainable practices [4]
UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2025 (UPDATED)
GlobeNewswire News Room· 2025-05-02 01:42
Core Viewpoint - UMH Properties, Inc. reported a solid first quarter of 2025 with increased total income and improved financial metrics, reflecting the strength of its long-term business plan and operational resilience [2][7]. Financial Performance - Total Income for Q1 2025 was $61.2 million, up 6% from $57.7 million in Q1 2024 [2][4]. - Net Loss Attributable to Common Shareholders for Q1 2025 was $271,000 or $0.00 per diluted share, compared to a net loss of $6.3 million or $0.09 per diluted share in Q1 2024 [2][4]. - Funds from Operations (FFO) for Q1 2025 was $18.2 million or $0.22 per diluted share, a 10% increase from $14.0 million or $0.20 per diluted share in Q1 2024 [3][4]. - Normalized FFO for Q1 2025 was $18.8 million or $0.23 per diluted share, up 5% from $15.0 million or $0.22 per diluted share in Q1 2024 [3][4]. Operational Highlights - Same-property occupancy increased by 113 sites from year-end 2024, totaling 94.6% occupancy at the end of Q1 2025 [7]. - The company converted 109 new homes from inventory to revenue-generating rental homes, expanding its rental portfolio to approximately 10,400 homes [7]. - Gross sales revenue for home sales reached $6.7 million, with expectations for growth as the peak selling season approaches [7]. Acquisitions and Growth Strategy - The company acquired two fully occupied communities in New Jersey for approximately $24.6 million, enhancing its portfolio [8]. - Two additional communities in Maryland, containing 191 sites, are under contract for a total purchase price of $14.6 million, expected to close in Q2 2025 [7][8]. Dividend and Shareholder Returns - The annual dividend was increased for the fifth consecutive year to $0.90 per share, reflecting a total increase of $0.18 or 25% over the past five years [7][8]. - The company issued approximately 515,000 shares of common stock, generating gross proceeds of $9.4 million, and approximately 49,000 shares of Series D Preferred Stock, generating gross proceeds of $1.1 million [8]. Full Year Guidance - The company maintains its full-year 2025 guidance for normalized FFO in the range of $0.96-$1.04 per diluted share, with a midpoint expectation of $1.00 per diluted share [7][20].
First National Bank Alaska Declares Dividend for Second Quarter 2025
GlobeNewswire· 2025-05-02 00:49
Core Point - The company declared a cash dividend of $4.00 per share, payable on June 15, 2025, to shareholders of record as of June 1, 2025 [1] Summary by Relevant Sections - **Dividend Declaration**: A cash dividend of $4.00 per share was announced during the Board of Directors Meeting held on April 30, 2025 [1] - **Payment Details**: The dividend will be distributed on June 16, 2025 [1]