IESA

EQS-News: Strong earnings power allows for active risk management in 2023 – consolidated operating profit expected to rise to between €300 million and €350 million in 2024

Retrieved on: 
Wednesday, March 13, 2024

Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.

Key Points: 
  • Consolidated operating profit is projected to rise to between €300 million and €350 million in 2024, even though the Bank anticipates continued above-average risk provisions.
  • Aareal Bank Group closed the 2023 financial year with consolidated operating profit of €149 million (2022: €239 million).
  • Thanks to its strong earnings power, the Group nonetheless anticipates consolidated operating profit between €300 million and €350 million.
  • The Bank is expected to achieve operating profit of €250 million to €300 million, despite risk provisions projected to remain at above-average levels.

EQS-News: Aareal maintains dynamic operating performance in the third quarter

Retrieved on: 
Thursday, December 14, 2023

Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.

Key Points: 
  • Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
  • Net commission income was up by 13 per cent compared to the previous year’s quarter, to €76 million (Q3 2022: €67 million), mainly due to ongoing revenue growth at Aareon.
  • Loss allowance for the third quarter amounted to €102 million (Q3 2022: €63 million), and continued to reflect loan defaults affecting the US office property market.
  • Aareon refinanced the facility provided by Aareal Bank (“Hunting Line”) in the third quarter through external long-term debt.

EQS-News: Aareal Bank: Strong earnings growth offsets non-recurring burdens and higher loss allowance – Full exit from the Russian exposure

Retrieved on: 
Thursday, August 10, 2023

Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.

Key Points: 
  • Moreover, a part of the investment budget was used for the early termination of the Bank's remaining Russian exposure.
  • This means that loss allowance for US office property financings totalled approximately €100 million.
  • What is more, deposits reached an average volume of €13.5 billion in the first six months of 2023, benefiting from higher interest rates.
  • Another €33 million of loss allowance was recognised in net gain or loss from financial instruments (fvpl) due to fair value measurement adjustments in the US.

Microchip Launches $300M Multi-Year Investment Initiative to Expand its Presence in India

Retrieved on: 
Monday, July 3, 2023

“Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established it as one of the top sources of business and technical resources in our sector,” said Ganesh Moorthy, President and CEO of Microchip.

Key Points: 
  • “Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established it as one of the top sources of business and technical resources in our sector,” said Ganesh Moorthy, President and CEO of Microchip.
  • For a detailed discussion of these and other risk factors, please refer to Microchip’s filings on Forms 10-K and 10-Q.
  • Stockholders of Microchip are cautioned not to place undue reliance on our forward-looking statements, which speak only as of the date such statements are made.
  • Microchip does not undertake any obligation to update any forward-looking statements to reflect events, circumstances publicly, or new information after this press release or to reflect the occurrence of unanticipated events.

d-Matrix Announces Opening of India R&D Center, Appoints Pradip Thaker, PhD, Head of India Operations

Retrieved on: 
Tuesday, October 11, 2022

The India engineering, design and operations teams will be making significant contributions to development for d-Matrix.

Key Points: 
  • The India engineering, design and operations teams will be making significant contributions to development for d-Matrix.
  • Pradip Thaker joins d-Matrix from Marvell Semiconductor, where he was Country Head for India & VP, Engineering, responsible for a force of 1500+ employees.
  • Prior to Marvell, Pradip worked as Country Head & Senior Director, Engineering, at GEO Semiconductor an automotive fabless start-up.
  • We are very excited to announce the opening of our new India R&D center and to have Pradip join and lead our team in India.

RS Group introduces RS Integrated Supply, consolidating IESA and Synovos, to create a single global MRO supply chain solutions business

Retrieved on: 
Monday, September 12, 2022

LONDON, Sept. 12, 2022 /PRNewswire/ -- RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, today announced the uniting of its global maintenance, repair and operations (MRO) supply chain solutions business into a single brand, RS Integrated Supply.

Key Points: 
  • LONDON, Sept. 12, 2022 /PRNewswire/ -- RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, today announced the uniting of its global maintenance, repair and operations (MRO) supply chain solutions business into a single brand, RS Integrated Supply.
  • RS Integrated Supply provides outsourced storeroom management and procurement services that drive sustainable productivity and reliability for MRO supply chains.
  • Through its global operation, RS Integrated Supply serves multi-site industrial organizations across North America, the UK, Europe and other global markets.
  • "Our transition to RS Integrated Supply brings the combined value of the IESA and Synovos MRO solutions to organizations around the world," commented Debbie Bowring, President, RS Integrated Supply.

Allied Electronics & Automation Opens New Hybrid Office Space & Launches Flexible Work Model

Retrieved on: 
Wednesday, June 29, 2022

"Flexible hybrid working has become the norm for many organizations across the globe with work life balance being at the center of employee priorities," President Ken Bradley said.

Key Points: 
  • "Flexible hybrid working has become the norm for many organizations across the globe with work life balance being at the center of employee priorities," President Ken Bradley said.
  • Before undertaking this pivot, Allied participated in a series of focus groups to hear from company leaders and employees around the globe.
  • RS Group plc has nine operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.
  • For more information about Allied Electronics & Automation, please visit www.alliedelec.com/ or connect with us via social media on Facebook , Twitter and LinkedIn .

Allied Electronics & Automation Offers More Than 1,500 Ready-to-Ship Electrical Connectivity Solutions

Retrieved on: 
Friday, May 27, 2022

FORT WORTH, Texas, May 27, 2022 /PRNewswire/ -- Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, offers more than 1,500 ready-to-ship electrical connectivity solutions from industry-leading suppliers including Heyco, LÜTZE and Southwire. Allied also offers facility maintenance solutions from leading suppliers like Makita that support the installation of electrical connectivity solutions. Vital to virtually every electronic application, electrical connectivity solutions transmit electrical current from an energy source, like a wall outlet, to devices and equipment that use that energy to perform a task.

Key Points: 
  • Vital to virtually every electronic application, electrical connectivity solutions transmit
    FORT WORTH, Texas, May 27, 2022 /PRNewswire/ --Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, offers more than 1,500 ready-to-ship electrical connectivity solutions from industry-leading suppliers including Heyco , LTZE and Southwire .
  • Allied also offers facility maintenance solutions from leading suppliers like Makita that support the installation of electrical connectivity solutions.
  • For more information about electrical connectivity, please check out " An Introduction to Electrical Connectivity ," an Ask the Expert Q&A with Allied Technical Support Manager Jeff Clonts.
  • RS Group plc has nine operating brands: RS Components, Allied Electronics & Automation, RS Pro, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.

Allied Electronics & Automation Offers More Than 1,500 Ready-to-Ship Electrical Connectivity Solutions

Retrieved on: 
Thursday, May 26, 2022

FORT WORTH, Texas, May 26, 2022 /PRNewswire/ -- Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, offers more than 1,500 ready-to-ship electrical connectivity solutions from industry-leading suppliers including Heyco, LÜTZE and Southwire. Allied also offers facility maintenance solutions from leading suppliers like Makita that support the installation of electrical connectivity solutions. Vital to virtually every electronic application, electrical connectivity solutions transmit electrical current from an energy source, like a wall outlet, to devices and equipment that use that energy to perform a task.

Key Points: 
  • Vital to virtually every electronic application, electrical connectivity solutions transmit
    FORT WORTH, Texas, May 26, 2022 /PRNewswire/ --Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, offers more than 1,500 ready-to-ship electrical connectivity solutions from industry-leading suppliers including Heyco , LTZE and Southwire .
  • Allied also offers facility maintenance solutions from leading suppliers like Makita that support the installation of electrical connectivity solutions.
  • For more information about electrical connectivity, please check out " An Introduction to Electrical Connectivity ," an Ask the Expert Q&A with Allied Technical Support Manager Jeff Clonts.
  • RS Group plc has nine operating brands: RS Components, Allied Electronics & Automation, RS Pro, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.

Allied Electronics & Automation Supplies More Than 1,600 Ready-to-Ship Pneumatic Products from Norgren

Retrieved on: 
Thursday, May 19, 2022

FORT WORTH, Texas, May 19, 2022 /PRNewswire/ -- Allied Electronics & Automation, a trading brand of RS Group plc (LSE: RS1), a global omni-channel provider of product and service solutions, supplies more than 1,600 ready-to-ship pneumatic products from Norgren, a leading global supplier of innovative engineering solutions optimized for the high-precision motion control and fluid power markets.

Key Points: 
  • Key components of pneumatic systems manufactured by Norgren and in stock at Allied include:
    Air compressors and pumps , which provide a continuous flow of compressed air at the required pressure.
  • For more information about Norgren's extensive portfolio of pneumatic products, please visit the Norgren website and Norgren's AlliedElec.com manufacturer page .To view and compare the Norgren pneumatic products in stock at Allied, please click here .
  • RS Group plc has nine operating brands: RS Components, Allied Electronics & Automation, RS PRO, OKdo, DesignSpark, IESA, Synovos, Needlers and Liscombe.
  • For more information about Allied Electronics & Automation, please visit www.alliedelec.com/ or connect with us via social media on Facebook , Twitter and LinkedIn .