Federal Executive Boards

EQS-News: GEA resolves new EUR 400 million share buyback program and cancellation of shares amounting to EUR 700 million

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Wednesday, November 8, 2023

Federal Executive Boards, ESG, Treasury, Acquisition, Supervision, Research, Annual, School, EUR, European Commission, Share repurchase, GEA, Viva con Agua de Sankt Pauli, Reinsurance, Cryptocurrency, EU

“The share buyback program is testament to our conviction in GEA’s operational strength and the objectives of our Mission 26 growth strategy,” explains CEO Stefan Klebert.

Key Points:

“The share buyback program is testament to our conviction in GEA’s operational strength and the objectives of our Mission 26 growth strategy,” explains CEO Stefan Klebert.
This pertains to shares purchased under the 2021/2022 share buyback program, which amounted to a total volume of approximately EUR 300.5 million.
“Thanks to our strong balance sheet, we are able to finance the share buyback program through current liquidity and future operating cash flow,” says GEA CFO Bernd Brinker.
596/2014) in conjunction with the provisions of the Delegated Regulation of the EU Commission (Regulation (EU) 2016/1052).

EQS-News: Porsche expands partnership with Google

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Tuesday, November 7, 2023

Federal Executive Boards, SVP, PCM, Android, Speech, Google Maps, Ecosystem, Partnership, Google Play, Mobile phone, Porsche

Porsche will offer Google services for navigation, speech, and app ecosystem in future vehicle generations, and plans to start production in the middle of the decade.

Key Points:

Porsche will offer Google services for navigation, speech, and app ecosystem in future vehicle generations, and plans to start production in the middle of the decade.
This integration of the Google ecosystem will include Google Maps, Google Assistant, and a wide variety of apps available through the Google Play Store.
The PCM will thus become an integral part of the digital ecosystem of Porsche customers worldwide, making offering Google built-in a next step for Porsche on this path.
The partnership between Porsche and Google is a long-term venture.

EQS-News: Krones records strong growth in first three quarters of 2023 and significantly improves profitability

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Tuesday, November 7, 2023

Federal Executive Boards, Tax, Food, EBITDA, Workforce, Acquisition, Creativity, EBIT, Environment, Growth, ROCE, Depreciation, Drink, EBT, Video game, Bookkeeping, Cryptocurrency, Clothing, Krones

After a successful first half of the year, the third quarter of 2023 also went well for Krones.

Key Points:

After a successful first half of the year, the third quarter of 2023 also went well for Krones.
The company significantly improved profitability in a challenging environment in the first three quarters of 2023.
In addition, the company aims to further improve profitability and forecasts an EBITDA margin of 9% to 10% in 2023.
In addition, Krones aims to further improve profitability and plans an EBITDA margin of 9% to 10% for the group in 2023 (2022: 8.9%).

EQS-News: Porsche expands partnership with Google

Retrieved on:

Tuesday, November 7, 2023

Federal Executive Boards, SVP, PCM, Android, Speech, Google Maps, Ecosystem, Partnership, Google Play, Mobile phone, Porsche

Porsche will offer Google services for navigation, speech, and app ecosystem in future vehicle generations, and plans to start production in the middle of the decade.

Key Points:

Porsche will offer Google services for navigation, speech, and app ecosystem in future vehicle generations, and plans to start production in the middle of the decade.
This integration of the Google ecosystem will include Google Maps, Google Assistant, and a wide variety of apps available through the Google Play Store.
The PCM will thus become an integral part of the digital ecosystem of Porsche customers worldwide, making offering Google built-in a next step for Porsche on this path.
The partnership between Porsche and Google is a long-term venture.

EQS-News: Drägerwerk AG & Co. KGaA: Dräger significantly increases net sales and earnings in the first nine months of 2023

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Tuesday, November 7, 2023

Growth, Federal Executive Boards, Tax, EBIT, EUR, Anesthesia, Lithium

“During the first nine months of the current fiscal year, we significantly increased our net sales and earnings.

Key Points:

“During the first nine months of the current fiscal year, we significantly increased our net sales and earnings.
Earnings development in the first nine months of 2023 was positively impacted in particular by the high net sales growth and improved gross margin.
Earnings after taxes also improved significantly to EUR 47.1 million (9 months 2022: EUR -112.7 million).
Dräger's net sales increased by 12.6 percent (net of currency effects) to EUR 788.5 million (Q3 2022: EUR 724.6 million).

EQS-News: R. STAHL with significant increase in sales and earnings in the first nine months of 2023 – earnings forecast for full-year 2023 raised

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Tuesday, November 7, 2023

EBITDA, Growth, Management by exception, Federal Executive Boards, LNG, Uncertainty, Fine chemical, Rare-earth element, Cryptocurrency

R. STAHL expects sales for full-year 2023 to increase to the upper range of the target corridor of € 305 million to € 320 million.

Key Points:

R. STAHL expects sales for full-year 2023 to increase to the upper range of the target corridor of € 305 million to € 320 million.
The company is raising its forecast for EBITDA pre exceptionals to between € 35 million and € 40 million (previously: € 30 million to € 36 million).
Waldenburg, 7 November 2023 - R. STAHL with very successful conclusion to the first three quarters of 2023.
Based on the current macroeconomic, sector-specific and company-specific situation, the Executive Board is raising its earnings forecast for full-year 2023.

Greenlight Capital Sends Letter to Special Committee of Vitesco Technologies Regarding Schaeffler AG Tender Offer and Merger Proposal

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Monday, November 6, 2023

Greenlight Capital, Inc. (“Greenlight”), today sent the following letter to the Special Committee of the Supervisory Board of Vitesco Technologies Group AG (“Vitesco”) and Mr. Andreas Wolf, Chairman of the Executive Board and Chief Executive Officer of Vitesco, regarding Schaeffler AG’s (“Schaeffler”) proposed €91.00 per share cash tender offer for all outstanding shares of Vitesco and proposed three-step transaction to merge Vitesco into Schaeffler.

Key Points:

Greenlight Capital, Inc. (“Greenlight”), today sent the following letter to the Special Committee of the Supervisory Board of Vitesco Technologies Group AG (“Vitesco”) and Mr. Andreas Wolf, Chairman of the Executive Board and Chief Executive Officer of Vitesco, regarding Schaeffler AG’s (“Schaeffler”) proposed €91.00 per share cash tender offer for all outstanding shares of Vitesco and proposed three-step transaction to merge Vitesco into Schaeffler.
To: Special Committee of the Supervisory Board of Vitesco Technologies Group AG and Mr. Andreas Wolf, Chairman of the Executive Board (CEO)
Dear members of the Special Committee and Mr. Wolf,
Funds managed by Greenlight Capital, Inc. and its affiliates collectively hold approximately 3.5% of Vitesco Technologies Group AG (“Vitesco”) shares outstanding.
We identified Vitesco as the winner in “Electrification” post spin-off from Continental AG and we have been a supportive long-term shareholder.
Vitesco could initiate this spinoff process and aim to implement the spinoff before Schaeffler would have time to propose its undesirable share-for-share merger.

SAP Turns Every Developer Into a Generative AI Developer at SAP TechEd in 2023

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Thursday, November 2, 2023

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.

Key Points:

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.
As organizations aim to derive business value from generative AI, effective collaboration between professional and citizen developers is essential.
SAP is launching SAP Build Code solutions, which streamline cooperation with business experts who use the low-code SAP Build solutions launched at SAP TechEd in 2022.
For details on all the announcements made at SAP TechEd in 2023, please visit our news guide here .

SAP Turns Every Developer Into a Generative AI Developer at SAP TechEd in 2023

Retrieved on:

Thursday, November 2, 2023

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.

Key Points:

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.
As organizations aim to derive business value from generative AI, effective collaboration between professional and citizen developers is essential.
SAP is launching the SAP Build Code solutions, which streamline cooperation with business experts who use the low-code SAP Build solutions launched at SAP TechEd in 2022.
For details on all the announcements made at SAP TechEd in 2023, please visit our news guide here .

SAP Turns Every Developer Into a Generative AI Developer at SAP TechEd in 2023

Retrieved on:

Thursday, November 2, 2023

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.

Key Points:

BANGALORE, India, Nov. 2, 2023 /PRNewswire/ -- At the SAP TechEd event in 2023, SAP SE (NYSE: SAP) announced a comprehensive series of generative AI capabilities and advancements aimed at empowering developers of all skill levels to supercharge their businesses in the age of AI.
As organizations aim to derive business value from generative AI, effective collaboration between professional and citizen developers is essential.
SAP is launching SAP Build Code solutions, which streamline cooperation with business experts who use the low-code SAP Build solutions launched at SAP TechEd in 2022.
For details on all the announcements made at SAP TechEd in 2023, please visit our news guide here .