NIO Inc. to Report Unaudited First Quarter 2025 Financial Results on Tuesday, June 3, 2025
GlobeNewswire· 2025-05-21 09:30
SHANGHAI, May 21, 2025 (GLOBE NEWSWIRE) -- NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced that it will report its unaudited financial results for the first quarter ended March 31, 2025 on Tuesday, June 3, 2025, before the open of the U.S. markets. The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on June 3, 2025 (8:00 PM Beijing/Hong Kong/Singapore Time ...
Decisions of the annual general meeting of shareholders
GlobeNewswire· 2025-05-21 09:24
Nordecon AS (registry code 10099962, address Toompuiestee 35, 10149 Tallinn) annual general meeting of shareholders was held on 21 May 2025 at 10.00 a.m. in the conference centre of Radisson Blu Hotel Olümpia, room Sigma (Liivalaia 33, 10118 Tallinn). The shareholders of Nordecon AS made the following decisions according to the proposed agenda: Agenda item No. 1. Approval of the Company’s annual report for 2024 and proposal for the allocation of profit RESOLUTION No. 1 To approve the Company’s consolidated ...
Subsea7 awarded contract offshore West Africa
GlobeNewswire· 2025-05-21 09:16
Core Insights - Subsea 7 S.A. has been awarded a significant subsea contract in West Africa, involving the transportation and installation of flexible pipelines, umbilicals, and associated subsea components for a floating production, storage, and offloading (FPSO) vessel [1][3] - The contract is classified as sizeable, with a value between $50 million and $150 million [3] - Project management and engineering work will commence immediately in the UK and France, with offshore activities expected to start in 2026 [2] Company Overview - Subsea 7 is recognized as a global leader in delivering offshore projects and services, focusing on creating sustainable value and being a preferred partner in the energy industry [3] - The company emphasizes its ability to provide cost-effective and reliable offshore solutions through close collaboration with clients [3]
WeRide Announces Plan to Expand Commercial Robotaxi Services to 15 Additional Cities Globally
GlobeNewswire News Room· 2025-05-21 09:10
Core Insights - WeRide Inc. reported its unaudited financial results for Q1 2025, highlighting a total revenue of RMB72.4 million (US$10.0 million), a 1.8% increase from the same period in 2024, despite global economic uncertainties [15][4][14] - The company expanded its robotaxi services through strategic partnerships, notably with Uber, which includes a US$100 million equity investment and the launch of services in 15 additional cities [3][4][14] - WeRide's gross profit margin remained stable at 35% in Q1 2025, with a significant increase in revenue contribution from the robotaxi business [4][18] Financial Performance - Total revenue for Q1 2025 was RMB72.4 million (US$10.0 million), compared to RMB71.2 million in Q1 2024 [15] - Revenue from the robotaxi business was RMB16.1 million (US$2.2 million), contributing 22.3% of total revenue, up from 11.9% in the same period of 2024 [4][15] - The company reported a net loss of RMB385.1 million (US$53.1 million), an improvement from a net loss of RMB468.1 million in Q1 2024 [21][37] Strategic Partnerships and Expansion - WeRide expanded its partnership with Uber to include 15 additional cities, enhancing its robotaxi services and aiming for scalable operations [3][4][14] - The company launched its robotaxi services in Dubai in collaboration with the Dubai Road and Transport Authority and Uber, marking a significant step in international expansion [4][3] - WeRide and Tencent Cloud entered into an expanded strategic cooperation agreement to support autonomous driving R&D and commercialization efforts [3] Regulatory Approvals and Technological Advancements - WeRide obtained multiple regulatory approvals for commercial deployments in both domestic and international markets, facilitating its expansion efforts [4] - The company received the first batch of driverless road-testing licenses for its robovan W5 in Guangzhou, China, marking a significant regulatory milestone [8] - WeRide launched fully driverless robotaxi testing in Abu Dhabi, the first of its kind in the Middle East, and introduced a 24-hour autonomous ride-hailing network in Guangzhou [11][4] Research and Development - R&D expenses increased to RMB325.7 million (US$44.9 million) in Q1 2025, reflecting a 17.3% increase from RMB277.6 million in Q1 2024, driven by personnel-related expenses and professional service fees [21] - The company is focused on enhancing its technological leadership and expanding its end-to-end mass-market ADAS solutions [14][21] Market Position and Future Outlook - WeRide is positioned as a global leader in autonomous mobility, with operations in over 30 cities across 10 countries [32] - The company aims to make autonomous driving accessible and affordable, with ongoing efforts to diversify revenue streams and expand its market presence [14][4]
WeRide Inc. Announces US$100 Million Share Repurchase Program
GlobeNewswire· 2025-05-21 09:10
Core Viewpoint - WeRide Inc. has authorized a share repurchase program to buy back up to US$100 million of its Class A ordinary shares over the next 12 months, reflecting confidence in its business fundamentals and long-term outlook [1][2]. Company Overview - WeRide is a global leader in the autonomous driving industry and the first publicly traded robotaxi company, with operations in over 30 cities across 10 countries [3]. - The company offers a versatile and adaptable autonomous driving platform, WeRide One, which addresses various transportation needs across mobility, logistics, and sanitation [3]. - WeRide was recognized in Fortune Magazine's 2024 "The Future 50" list, highlighting its innovative position in the industry [3]. Share Repurchase Program - The share repurchase program is intended to be executed in the open market at prevailing prices, through privately negotiated transactions, block trades, or other legally permissible means, depending on market conditions [2]. - The program will be funded from the company's existing cash balance, demonstrating a commitment to returning capital to shareholders while investing in growth [2].
Nasdaq Copenhagen A/S accepts delisting of Svitzer’s shares
GlobeNewswire· 2025-05-21 09:05
Core Viewpoint - Svitzer Group A/S has requested the delisting of its shares from Nasdaq Copenhagen, which has been accepted, with the last trading day set for May 22, 2025, due to a compulsory acquisition by APMHI Invest A/S starting May 23, 2025 [1][2]. Company Overview - Svitzer is a leading global provider of towage and marine services, assisting large vessels in maneuvering in and out of ports and terminals [4]. - The company operates approximately 450 vessels and serves around 2,000 customers across more than 140 ports and 40 terminals in 37 countries [4]. - Founded in 1833, Svitzer plays a crucial role in critical port infrastructure [4].
Bang & Olufsen secures DKK 300 million in refinanced credit facility
GlobeNewswire· 2025-05-21 09:04
Group 1 - Bang & Olufsen A/S has successfully refinanced and increased its revolving credit facility by DKK 100 million, totaling DKK 300 million with a two-year term and a possible one-year extension [1] - The refinancing is part of a broader strategy to strengthen the company's financial foundation and flexibility, supporting strategic acceleration in the coming years [2] - The revolving credit facility is linked to the company's sustainability targets, emphasizing its commitment to a more circular and regenerative future [2] Group 2 - Nordea acted as the Sole Lender for the refinancing, while Monte Debt Advisory served as the debt advisor [3]
Precore Gold Announces Appointment of Jacques Trottier, PhD as Head of Its Advisory Board
GlobeNewswire· 2025-05-21 09:00
Core Insights - Precore Gold Corp. has appointed Mr. Jacques Trottier, PhD, as head of its Advisory Board, bringing over 35 years of experience in geology and mining [1][4] - Mr. Trottier is recognized for significant gold discoveries, including over 1 million ounces at the Perron Gold Project in Quebec, with an average diluted grade of 5.26 grams per tonne [2][3] - The company is focused on exploration projects with strong gold discovery potential, aiming to generate shareholder returns in politically stable, mining-friendly jurisdictions [7][8] Company Background - Precore Gold Corp. is a Canadian junior gold exploration company dedicated to building a solid portfolio of exploration projects [7] - The company emphasizes environmental, social, and corporate governance (ESG) standards in its operations [8] Mr. Jacques Trottier's Contributions - Mr. Trottier has a proven track record, having discovered two copper-gold porphyry systems in Peru and the Shahuindo Gold Mine, which produces approximately 135,000 ounces of gold per year [3][4] - His familiarity with the Arikepay Project in Peru is expected to enhance the company's exploration efforts, with potential for new gold discoveries [5][6] Leadership Statements - The Executive Chairman of Precore Gold expressed confidence in Mr. Trottier's contributions, highlighting his leadership qualities and industry connections [5][6] - The company anticipates that the combined expertise of its executive team will lead to significant gold discoveries and benefits for shareholders [6]
Construction contract in Estonia (Rail Baltica Ülemiste passenger terminal)
GlobeNewswire· 2025-05-21 09:00
Core Points - AS Merko Ehitus Eesti has signed a construction contract for the Rail Baltica Ülemiste international passenger terminal in Tallinn with OÜ Rail Baltic Estonia [1] - The terminal building, named "Linda," is designed by Zaha Hadid Architects and will span across the planned Rail Baltica railway and existing Estonian Railways infrastructure [2] - The terminal will feature a 180-meter long section crossing the railway, rising approximately 20 meters above street level, with three platforms totaling about 1,250 meters in length [3] - The contract value is approximately 85 million euros, with a construction deadline set for October 2028 [4] - AS Merko Ehitus Eesti is a recognized construction company in Estonia, providing services in general construction, civil engineering, and residential construction [4] Company Information - AS Merko Ehitus group operates in Estonia, Latvia, and Lithuania, employing 605 people as of the end of 2024, with a revenue of EUR 539 million for that year [4]
Atos positioned as a Leader in the 2025 Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services report
GlobeNewswire· 2025-05-21 09:00
Press Release Atos positioned as a Leader in the 2025 Gartner® Magic Quadrant™ for Outsourced Digital Workplace Services report Paris, France – May 21, 2025 – Atos today announces that it has been positioned as a Leader by Gartner in its 2025 Magic Quadrant for Outsourced Digital Workplace Services (ODWS), based on its Completeness of Vision and Ability to Execute. This is the ninth consecutive year that Atos has been placed in the Leaders quadrant in a Gartner Magic Quadrant report dedicated to Outsourced ...