GEG | Jotup

EQS-News: Hypoport SE: further slight rise in the volume of mortgage finance transactions

Retrieved on:

Thursday, October 26, 2023

Insurance, FIO, Housing, Pressure, GEG, Growth, SMART, Heat, AG, Cryptocurrency, Real estate, Arms industry, EP Europace

Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent

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Europace transaction volume rises by 7 per cent compared with Q2 2023; transaction volume per sales day falls by 2 per cent
Berlin, 20 October 2023: The volume of mortgage finance transactions on Europace rose slightly in the third quarter compared with the preceding quarter.
The volume of mortgage finance transactions rose by 9 per cent to €14 billion (volume per sales day: down by 1 per cent).
On FINMAS, the sub-marketplace for institutions in the savings banks sector, the volume of transactions rose by 13 per cent compared with the second quarter to reach €1.9 billion (volume per sales day: up by 3 per cent).
“Back in the third quarter of last year, we saw an unprecedented slump in the volume of mortgage finance transactions,” said Ronald Slabke, Chief Executive Officer of Hypoport SE, explaining the reasons for the small increase in the mortgage finance volume.

Great Elm Group Reports Fiscal 2023 Fourth Quarter and Full Year Financial Results

Retrieved on:

Wednesday, September 20, 2023

WALTHAM, Mass., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2023.

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WALTHAM, Mass., Sept. 20, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal fourth quarter and year ended June 30, 2023.
GEG collected incentive fees from Great Elm Capital Corp. (“GECC") for the first time in the Company’s history, totaling $1.0 million for the fourth quarter.
On May 15, 2023, GEG’s Board of Directors appointed Keri Davis as Chief Financial Officer of Great Elm, expanding upon her role as Chief Financial Officer of GECC.
Discussion of Financial Results for the Fiscal Year Ended June 30, 2023
Total revenue for the fiscal year ended June 30, 2023 increased 92% to $8.7 million from $4.5 million in the prior fiscal year.

EQS-News: Hypoport SE: Hypoport see a slight fall in revenue amid sluggish market conditions

Retrieved on:

Monday, August 14, 2023

Partnership, Housing, Insurance, EBIT, EBITDA, United States building energy codes, GEG, Real estate, Video game, EP Europace

Berlin, 14 August 2023: In the second quarter of 2023, the Hypoport Group’s revenue and earnings fell slightly compared with the first quarter of 2023.

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Berlin, 14 August 2023: In the second quarter of 2023, the Hypoport Group’s revenue and earnings fell slightly compared with the first quarter of 2023.
By contrast, the Credit Platform segment, which centres around the online B2B lending marketplace Europace, delivered a solid performance in Q2 2023.
Europace did record a slight fall in transaction volume* of 5 per cent to €16 billion against the backdrop of a sluggish overall market and discussions in the media about the German Buildings Energy Act (GEG).
The increase in revenue meant that EBITDA improved by 7 per cent to €7.1 million and EBIT by 9 per cent to €4.3 million.

EQS-News: Hypoport SE: further slight rise in the volume of mortgage finance transactions per working day

Retrieved on:

Wednesday, July 19, 2023

Insurance, Uncertainty, Pressure, Housing, Policy, AG, FIO, Government, Heat, Environment, SMART, GEG, Arms industry, Cryptocurrency, Real estate, EP Europace

However, the volume per working day, which takes into account the higher number of public holidays in the second quarter, was up by a modest 3 per cent.

Key Points:

However, the volume per working day, which takes into account the higher number of public holidays in the second quarter, was up by a modest 3 per cent.
The volume of mortgage finance transactions edged down by 3 per cent to €13 billion but rose by 5 per cent per working day.
Compared with the first quarter of 2023, the transaction volume in the building finance product group fell by 15 per cent to €1.8 billion in the second quarter of 2023 (down by 7 per cent per working day).
In the cooperative banking sector, institutions used the dedicated GENOPACE sub-marketplace to generate a volume of €2.7 billion, representing a rise of 5 per cent (13 per cent per working day).

Implenia wins building construction contracts in Germany and Switzerland worth a total of over CHF 170 million

Retrieved on:

Thursday, June 1, 2023

This technically demanding project involves the creation of large clear-span spaces for the rehearsal stages using a steel composite construction familiar from bridge construction.

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This technically demanding project involves the creation of large clear-span spaces for the rehearsal stages using a steel composite construction familiar from bridge construction.
Implenia, as an integrated construction and real estate services provider, will provide many of the services from its own Divisions.
BCL Building Construction Logistics, part of the Implenia Group, will ensure that the construction site is properly organised for smooth, safe and sustainable operation.
The two contracts are worth over CHF 30 million in total.

Great Elm Group, Inc. Announces CFO Transition

Retrieved on:

Monday, May 15, 2023

Asset management, Senior, University, Financial services, PwC, Audit, Great Elm, Certified Public Accountant, University of Massachusetts Amherst, CFO, Treasurer, Greenbriar Capital Corp, GEG, Management

The Board of Directors unanimously appointed Keri Davis as CFO effective immediately.

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The Board of Directors unanimously appointed Keri Davis as CFO effective immediately.
With the assumption of the CFO position at GEG, Ms. Davis expands her role with the Company as she continues in her capacity as CFO of Great Elm Capital Corp. (NASDAQ: GECC), a business development company managed by a subsidiary of GEG.
In addition to her newly appointed role as the CFO of GEG, she has also served as Chief Financial Officer and Treasurer of GECC since March 2019.
Prior to joining Great Elm, Ms. Davis served as a Senior Manager in the Audit practice of PwC, a multinational professional services firm focusing on audit and assurance, tax and consulting services.

Great Elm Group, Inc. Appoints Jason Reese as CEO

Retrieved on:

Friday, May 5, 2023

Yale University, Executive, Imperial Capital, Penn State Board of Trustees, REIT, Electrical engineering, ICAM, The Co Founder, Monomoy, Jason Reese, GEG, Management

The Board of Directors has unanimously appointed Jason Reese to the additional role of CEO effective upon Mr. Reed’s resignation.

Key Points:

The Board of Directors has unanimously appointed Jason Reese to the additional role of CEO effective upon Mr. Reed’s resignation.
Jason Reese assumes the CEO position at GEG as a successful entrepreneur and financial services executive with over 30 years of experience founding and growing multiple financial services and real estate companies.
Mr. Reese served as the Executive Chairman of our Board of Directors since February 2020 and will now serve as Chairman of the Board and CEO.
The appointment of Jason as CEO is the natural culmination of our repositioning efforts.”
Jason Reese stated, “I want to take the opportunity to thank Pete Reed for his service and contributions to Great Elm.

Great Elm Group Reports Fiscal 2023 Third Quarter Financial Results

Retrieved on:

Friday, May 5, 2023

WALTHAM, Mass., May 05, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2023.

Key Points:

WALTHAM, Mass., May 05, 2023 (GLOBE NEWSWIRE) -- Great Elm Group, Inc. (“we,” “our,” “GEG,” “Great Elm,” or “the Company”), (NASDAQ: GEG), an alternative asset manager, today announced financial results for its fiscal third quarter ended March 31, 2023.
Peter Reed resigned as GEG’s Chief Executive Officer, effective immediately following the filing of GEG’s Form 10-Q for the fiscal quarter ended March 31, 2023.
Fee paying assets under management totaled $438.3 million as of March 31, 2023, approximately unchanged from December 31, 2022, and up approximately 7% fiscal year-to-date.
Jason Reese, Chief Executive Officer of the Company, stated, “In the third quarter of fiscal 2023, we completed the transformation of Great Elm Group to a simplified business focused on alternative asset management.

German Government Mandates and Funds Renewable Home Heating

Retrieved on:

Thursday, April 20, 2023

Government, Economy, Heat, Federal republic, Legislation, BEG, GEG, Executive Schedule, Renewable energy

BERLIN, April 20, 2023 /PRNewswire/ -- The proposed legislation, which now goes to Germany's parliament for ratification, is a revision of the country's existing Buildings Energy Act (GEG). The 65-percent rule applies only to newly installed, not to currently working units or ones taken in for repair. So-called H2-ready heating systems, which can be completely converted to use sustainably produced green hydrogen, will also qualify. The rules would take effect on January 1, 2024.

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So-called H2-ready heating systems, which can be completely converted to use sustainably produced green hydrogen, will also qualify.
The proposed rules changes do not require any specific form of heating as long as it's renewable.
Meanwhile the government also promises financial assistance under the existing Federal Funding for Efficient Buildings (BEG) program to people who convert to sustainable forms of heating.
Under the upcoming rules, those replacing fossil-fuel-burning heating systems with sustainably powered ones can claim 30 percent of their costs.

EQS-News: Cureus continues successful course also in the first quarter of 2023

Retrieved on:

Saturday, April 15, 2023

Schleswig-Holstein, Mecklenburg-Vorpommern, Construction, Further, Research, KfW, CCO, Sustainalytics, ESG, GEG, Real estate, Cureus

From January to March 2023, the company completed a total of three projects with 352 care and assisted living units in Schleswig-Holstein, Mecklenburg-Western Pomerania and Brandenburg.

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From January to March 2023, the company completed a total of three projects with 352 care and assisted living units in Schleswig-Holstein, Mecklenburg-Western Pomerania and Brandenburg.
In addition, construction got underway on two new projects with 198 care places during the course of the firt quarter 2023.
Frank Oberländer will become Chief Construction Officer (CCO) of Cureus GmbH with effect from 1 March 2023.
Cureus projects can comprise different construction phases at one location which are later combined as one leased property.