Workflow
Kalmar completes STS crane repair project for JNPA in Mumbai
GlobeNewswire· 2025-05-02 07:00
Core Viewpoint - Kalmar has successfully completed a repair project for a ship-to-shore (STS) crane at the Nhava Sheva Freeport Terminal (NSFT) in Mumbai, India, in collaboration with the Jawaharlal Nehru Port Authority (JNPA) [6][7]. Company Summary - Kalmar Corporation is a global leader in sustainable material handling equipment and services, operating in over 120 countries with approximately 5,200 employees. In 2024, the company reported sales of approximately EUR 1.7 billion [10]. - The company specializes in heavy material handling equipment and services for ports, terminals, distribution centers, manufacturing, and heavy logistics [10]. Industry Summary - JNPA is a significant government-owned container handling port in India, responsible for around 50% of the total containerized cargo volume at the country's major ports [7]. - The STS cranes at NSFT are essential for the loading and unloading of intermodal containers, highlighting the importance of maintaining such equipment for operational efficiency [8].
EXA Infrastructure selects Nokia to expand international connectivity network capabilities
GlobeNewswire· 2025-05-02 07:00
Core Insights - EXA Infrastructure has selected Nokia's optical transport solution to enhance its international connectivity network capabilities, addressing the growing demand for cost-effective connectivity between major data centers [1][3] - The upgraded network will feature a modernized 1.2T-per-channel capacity, providing improved high-capacity and low-latency connectivity services across EXA Infrastructure's international network [1][8] - The collaboration follows a successful trial of Nokia's ICE7 solution in Europe, which demonstrated high performance and cost efficiency [3][4] Company Overview - EXA Infrastructure, headquartered in London, operates a critical fiber network spanning 155,000 km across 37 countries, including six transatlantic cables and the lowest-latency link between Europe and North America [2] - The company provides essential infrastructure for governments and enterprises, focusing on hyperscale and ultra-low latency networks for data centers [2] Technological Advancements - The integration of Nokia's 1830 Global Express (GX) platform and ICE7 coherent optics will enable EXA Infrastructure to enhance its service offerings, increasing network capacity by up to 15% while reducing power and cost per bit by as much as 50% [5][8] - The transition from existing ICE6-based infrastructure to ICE7 is designed to meet the surging bandwidth demands in the AI era, ensuring sustainability and efficiency in power consumption [4][5]
Golar entered into 20-year agreements for 5.95mtpa nameplate capacity in Argentina – one of the world’s largest FLNG development projects.
GlobeNewswire· 2025-05-02 06:32
Core Viewpoint - Golar LNG Limited has announced the Final Investment Decision for a 20-year re-deployment charter of the FLNG Hilli and signed agreements for a 20-year charter for the MKII FLNG, both to be operated offshore Argentina, which is expected to significantly enhance the company's earnings backlog and commodity exposure [1][2][4]. Group 1: Charter Agreements - The two FLNG agreements are projected to contribute US$ 13.7 billion in earnings backlog over 20 years, before adjustments based on US-CPI and commodity-linked tariff upside [2]. - For every US$ 1/mmbtu increase above US$ 8/mmbtu, Golar expects an additional US$ 100 million in earnings when both FLNGs are operational [2]. - SESA has the option to reduce the term of the agreement to 12 years for FLNG Hilli and 15 years for MKII FLNG, subject to a 3-year notice and payment of a fee [2]. Group 2: Commodity Linked Tariff - Golar will receive 25% of realized FOB prices above a threshold of US$ 8/mmbtu, with no cap on the upside for gas prices [3]. - A mechanism allows for a partial reduction in charter hire if FOB prices fall below US$ 7.5/mmbtu, down to a floor of US$ 6/mmbtu, with a maximum accumulated discount capped at US$ 210 million [3]. - Any outstanding discounted charter hire amounts will be repaid through additional upside sharing if FOB prices exceed US$ 7.5/mmbtu [3]. Group 3: Project Support and Infrastructure - The project has received full support from the National and Provincial Governments in Argentina, including a 30-year LNG export authorization and qualification for the Incentive Regime for Large Investments [5]. - The FLNGs will be located offshore in the Gulf of San Matias, monetizing gas from the Vaca Muerta formation, which is the world's second-largest shale gas resource [6]. - SESA plans to construct a dedicated pipeline from Vaca Muerta to the Gulf of San Matias to supply gas to the FLNGs, enhancing operational efficiencies [6]. Group 4: Company and Market Position - Golar LNG Limited is a leading maritime LNG infrastructure company, recognized for pioneering floating LNG projects and currently positioned as a pure play FLNG provider [10]. - The partnership with leading Argentinian gas producers through SESA is expected to establish Argentina as a significant LNG exporter, leveraging the vast resources of the Vaca Muerta formation [7].
Meriaura Group Plc’s business review for January–March 2025
GlobeNewswire· 2025-05-02 06:30
Meriaura Group PlcBusiness review, insider information 2 May 2025 at 8.30 am (CEST) Meriaura Group Plc’s business review for January–March 2025 The Group’s key figures and significant events in January–March 2025• Revenue in January–March amounted to EUR 21.4 million (January–March 2024: EUR 17.9 million).• EBITDA was EUR 1.4 (1.2) million, or 6.8% of revenue.• The operating result (EBIT) was EUR -0.1 (-0.2) million, or -0.3% of revenue.• The result was EUR -0.5 (-0.5) million, or -2.5% of revenue.• On 29 J ...
Nxera Pharma Operational Highlights and Consolidated Results for the First Quarter 2025
GlobeNewswire· 2025-05-02 06:30
Tokyo, Japan and Cambridge, UK, 2 May 2025 – Nxera Pharma (“the Company” or “Nxera”; TSE: 4565) provides an update on operational activities and reports its consolidated results for the first quarter ended 31 March 2025. The full report can be found here. Chris Cargill, President and CEO of Nxera, commented: “As we mark one year since our transformation from Sosei Heptares to Nxera Pharma, I am incredibly proud of the progress we’ve made and how we have evolved. Our new identity has unified the Group and h ...
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]