Vorstand

EQS-News: SMA Group continues on growth path: First half year with significant increase in sales and earnings as well as faster profitability improvement in all segments

Retrieved on: 
Thursday, August 10, 2023
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SMA Group continues on growth path: First half year with significant increase in sales and earnings as well as faster profitability improvement in all segments

Key Points: 
  • SMA Group continues on growth path: First half year with significant increase in sales and earnings as well as faster profitability improvement in all segments
    The issuer is solely responsible for the content of this announcement.
  • The Home Solutions segment more than doubled its sales to €327.3 million (H1 2022: €135.5 million) in the first half of the year.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased significantly from €15.9 million in the first half of 2022 to €125.3 million.
  • The SMA Group is solidly financed and generated a positive free cash flow of €80.6 million in the first half of 2023.

Shanghai Electric Shares A Long-term Cooperation Opportunity with Siemens, Strengthening Innovation in New Energy and Healthcare

Retrieved on: 
Tuesday, July 11, 2023
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SHANGHAI, July 11, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) ("the Company") discussed the long-term cooperation opportunity with Siemens to boost technological innovation in the healthcare and energy sectors in a recent visit paid by the top executives from Siemens Healthineers and Siemens Energy.

Key Points: 
  • SHANGHAI, July 11, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) ("the Company") discussed the long-term cooperation opportunity with Siemens to boost technological innovation in the healthcare and energy sectors in a recent visit paid by the top executives from Siemens Healthineers and Siemens Energy.
  • Karim Amin acknowledged the remarkable achievements of collaboration between Shanghai Electric and Siemens and offered insights into Siemens Energy's business development.
  • "Siemens Energy aims to deepen strategic cooperation with Shanghai Electric to support China's effort to achieve energy transformation.
  • Since the acquisition of Westinghouse Electric over two decades ago, Siemen has been a key partner of Shanghai Electric in the energy sector, with the two companies co-developing clean, efficient power solutions with a joint venture, Shanghai Electric Power Generation Equipment.

Shanghai Electric Shares A Long-term Cooperation Opportunity with Siemens, Strengthening Innovation in New Energy and Healthcare

Retrieved on: 
Monday, July 10, 2023
Partnership, Shanghai Electric, COVID-19, Carbon, Vorstand, Siemens Healthineers, Acquisition, Westinghouse Electric Corporation, Siemens Energy Sector, Growth, RMB, Siemens Energy, Rail transport, Renewable energy, Siemens (unit)

SHANGHAI, July 10, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) ("the Company") discussed the long-term cooperation opportunity with Siemens to boost technological innovation in the healthcare and energy sectors in a recent visit paid by the top executives from Siemens Healthineers and Siemens Energy.

Key Points: 
  • SHANGHAI, July 10, 2023 /PRNewswire/ -- Shanghai Electric (SEHK:2727, SSE:601727) ("the Company") discussed the long-term cooperation opportunity with Siemens to boost technological innovation in the healthcare and energy sectors in a recent visit paid by the top executives from Siemens Healthineers and Siemens Energy.
  • Karim Amin acknowledged the remarkable achievements of collaboration between Shanghai Electric and Siemens and offered insights into Siemens Energy's business development.
  • "Siemens Energy aims to deepen strategic cooperation with Shanghai Electric to support China's effort to achieve energy transformation.
  • Since the acquisition of Westinghouse Electric over two decades ago, Siemen has been a key partner of Shanghai Electric in the energy sector, with the two companies co-developing clean, efficient power solutions with a joint venture, Shanghai Electric Power Generation Equipment.

EQS-News: VIB Vermögen AG: Annual General Meeting approves all agenda items

Retrieved on: 
Tuesday, July 4, 2023
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VIB Vermögen AG ("VIB"), a company specializing in the development, acquisition and portfolio management of commercial properties from the logistics and light industrial asset class, resolved all agenda items at today's General Meeting in line with the recommendation of the management.

Key Points: 
  • VIB Vermögen AG ("VIB"), a company specializing in the development, acquisition and portfolio management of commercial properties from the logistics and light industrial asset class, resolved all agenda items at today's General Meeting in line with the recommendation of the management.
  • The other items on the agenda also met with approval: BDO AG, Wirtschaftsprüfungsgesellschaft, Munich was appointed as auditor for the financial year 2023.
  • In addition, the Annual General Meeting resolved necessary amendments to the Articles of Association for the future conduct of meetings.
  • The update of Supervisory Board remuneration in connection with the modification in accounting policy in 2022 was approved today.

EQS-News: ABO Wind AG: Change of legal form to partnership limited by shares would open up great potential

Retrieved on: 
Saturday, June 10, 2023
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The Managing Board is convinced that the considered change of the legal form of ABO Wind AG (stock corporation) into a partnership limited by shares (abbreviation in German: KGaA) would open up new perspectives for the company and open up considerable further share price potential for long-term oriented shareholders.

Key Points: 
  • The Managing Board is convinced that the considered change of the legal form of ABO Wind AG (stock corporation) into a partnership limited by shares (abbreviation in German: KGaA) would open up new perspectives for the company and open up considerable further share price potential for long-term oriented shareholders.
  • Looking ahead, it would be good if ABO Wind had the opportunity to grow in equity capital as the third pillar of financing.
  • In this situation, the Managing Board sees a change of legal form to a partnership limited by shares as a means of choice.
  • An Ahn & Bockholt family company as general partner could determine the management of a future partnership limited by shares.

EQS-News: SMA Group continues to grow: Significant increase in sales and earnings in the first quarter of 2023

Retrieved on: 
Thursday, May 11, 2023
SMA, G, Tax, EBIT, Vorstand, Niestetal, CG Power and Industrial Solutions, EBITDA, SMA Solar Technology, Investment, Elevate p/b Home Solution–Soenens, Depreciation, Growth, Commercial, Drug, Video game, Cryptocurrency

SMA Group continues to grow: Significant increase in sales and earnings in the first quarter of 2023

Key Points: 
  • SMA Group continues to grow: Significant increase in sales and earnings in the first quarter of 2023
    The issuer is solely responsible for the content of this announcement.
  • From January to March 2023, the SMA Group reported a 66.5% increase in sales to €367.2 million (Q1 2022: €220.6 million).
  • The Commercial & Industrial Solutions segment also posted a significant sales increase of 41.9%, from €56.5 million to €80.2 million.
  • We saw a significant increase in sales and earnings across all three segments,” said SMA Chief Executive Officer Jürgen Reinert.

OCC Announces Three New Board Members, Member Elections at Annual Stockholder Meeting

Retrieved on: 
Tuesday, May 9, 2023
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Additionally, OCC announced the re-election of Craig S. Donohue as Executive Chairman, the re-election of three Member Directors and appointment of four additional Exchange Directors.

Key Points: 
  • Additionally, OCC announced the re-election of Craig S. Donohue as Executive Chairman, the re-election of three Member Directors and appointment of four additional Exchange Directors.
  • Before joining the firm in 2021, he was the Head of Risk Management for ICE Clear Europe in London.
  • Craig S. Donohue was unanimously re-elected as Executive Chairman of the OCC Board of Directors.
  • The vote took place during OCC’s annual stockholder meeting on April 28.

EQS-News: Lenzing AG: Lenzing on track for recovery after anticipated difficult start to the financial year

Retrieved on: 
Wednesday, May 3, 2023
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As a consequence, earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 66.2 percent year-on-year to EUR 29.7 mn in the first quarter of 2023.

Key Points: 
  • As a consequence, earnings before interest, tax, depreciation and amortization (EBITDA) decreased by 66.2 percent year-on-year to EUR 29.7 mn in the first quarter of 2023.
  • Lenzing launched a reorganization and cost-cutting program in the third quarter of 2022 and is fully on track with its implementation.
  • As part of the investments at the site in Purwakarta (Indonesia), Lenzing is creating additional capacity for LENZING™ ECOVERO™ fibers.
  • These and other measures are aimed at positioning Lenzing in the best possible way for the expected market recovery.

EQS-News: init innovation in traffic systems SE: Newly created Managing Board position of Chief Human Resources Officer

Retrieved on: 
Friday, April 28, 2023
HR, SE, Vorstand, Human resources, Growth, Supervisory board, CHRO, West Coast of Vancouver Island Aquatic Management Board, MBA, Ludwigshafen University of Applied Sciences, Munz, Human resource management, Management

init innovation in traffic systems SE: Newly created Managing Board position of Chief Human Resources Officer

Key Points: 
  • init innovation in traffic systems SE: Newly created Managing Board position of Chief Human Resources Officer
    The issuer is solely responsible for the content of this announcement.
  • init innovation in traffic systems SE announces that Mr. Jörg Munz, previously group HR Director at init SE, will be appointed to the newly created Managing Board position of Chief Human Resources Officer (CHRO) with effect from 1 May 2023.
  • The creation of the Managing Board position will address the growing demands in Human Resources, particularly in relation to the complexity of the work environment and the need to attract and retain talented and engaged employees.
  • That is why we are delighted to welcome him as a member of the Managing Board," explains Hans-Joachim Rühlig, Chairman of the Supervisory Board.

EQS-News: init innovation in traffic systems SE increases profit by 33 per cent

Retrieved on: 
Friday, March 31, 2023
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Revenue grows by 8.3 per cent to EUR 191.3m (2021: EUR 176.7m)

Key Points: 
  • Revenue grows by 8.3 per cent to EUR 191.3m (2021: EUR 176.7m)
    init innovation in traffic systems SE (ISIN DE 0005759807) has overcome the crises of 2022 and is forecasting double-digit growth in 2023.
  • According to the report, revenue rose by 8.3 per cent in 2022 to set a new record of EUR 191.3m (2021: EUR 176.7m).
  • Growth in the next financial year is forecast to be 10 to 15 per cent, which is also in line with the company's long-term objective.
  • This represents another rise of 20 per cent on the last record set in 2021 (EUR 179.2m).