Business

2021-07-29

Lenzing invests in state-of-the-art wastewater treatment at Grimsby site

The Lenzing Group, a world-leading provider of wood-based specialty fibers for the textile and nonwoven industries, is investing GBP 20 mn (equal to EUR 23.3 mn) to build a new, state-of-the-art wastewater treatment plant at its site in Grimsby, United Kingdom. The investment is part of the company’s plans to reduce wastewater emissions by 2022.

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Business

2021-07-15

At today’s Annual General Meeting at its headquarters in Arteixo, Inditex’s shareholders ratified the Group’s financial results for fiscal year 2020, a period in which revenue reached €20.4 billion despite the fact that all of its stores were forced to shut at some point on account of the COVID-19 pandemic. Online sales via the global integrated platform increased by 77% in local currencies to €6.6 billion, making Inditex a global leader in online fashion retailing.

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Business

2021-07-01

The European Investment Bank (EIB) has signed a loan agreement of up to SEK 311 million with Renewcell from Sweden. The loan was extended under “InnovFin – EU Finance for Innovators”, with the financial backing of the European Union under Horizon 2020, the EU’s programme for research and innovation. The full effectiveness of the agreement is contingent upon approval of the terms at an extraordinary general meeting by the shareholders of Renewcell. A summons to the extraordinary general meeting will be communicated at a later time.

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Business

2021-07-01

RadiciGroup – an Italian multinational founded and headquartered in Bergamo and leading producer of chemicals, engineering polymers, synthetic fibres and nonwovens, with 3,000 employees in 15 countries worldwide – closed its 2020 financial year with consolidated sales revenue of EUR 1,019 million, curbing the decrease compared to 2019 to -6.7%. On the other hand, EBITDA reached EUR 173 million, up 4.4% compared to the prior year, and net income, net of amortization and depreciation, rose to EUR 87 million (+8.1% over 2019).

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Business

2021-06-16

CADICA GROUP has achieved a further very important step in its vision to create a productive pole operating at 360° in the development, production and distribution of fashion accessories, expanding its range of products and strengthening specific types, such as the managements of “variable data” on merchandise labels and anti-counterfeiting solutions.

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Business

2021-07-29

Lydall announces significant growth across focused portfolio drives margin expansion

LYDALL, INC. (NYSE: LDL) today announced financial results for the second quarter ended June 30, 2021. “Over the past year, Lydall has gone through an incredible transformation proving our flexibility and responsiveness in the face of the COVID pandemic. The Lydall team continued to deliver strong results in the second quarter, executing on our strategic roadmap and leveraging our focused portfolio to take advantage of a period of broader economic confidence.” said Sara A. Greenstein, President and Chief Executive Officer.

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Business

2021-07-29

Lenzing raises outlook for current financial year

The Lenzing Group recorded a significantly improved development of its operating result in the first half of 2021. The preliminary EBITDA (earnings before interest, tax, depreciation and amortization) more than doubled year-on-year to EUR 217.8 mn (compared to EUR 95.6 mn in the first half of 2020).

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Business

2021-07-15

SGL Carbon SE publishes preliminary sales and earnings figures for the first half of the year and raises forecast for 2021

Based on the encouraging business performance in the first half of 2021 and the transformation successes, SGL Carbon expects strong Group results for the first six months of 2021 and raises its guidance for fiscal year 2021. The company expects to exceed the upper end of the stated range of its Group EBITDA pre1 guidance (earnings before interest, taxes and depreciation adjusted by non-recurring items and one-time effects) for fiscal year 2021 of EUR 100 to 120 million and raises the EBITDA pre guidance for 2021 to EUR 130 –140 million.

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Business

2021-07-08

Digital trader spotted in China–Middle East & North Africa International Trade Digital Expo

Driven by the needs of international trade, it has become a trend to hold exhibitions online. Organized by the China Council for the Promotion of International Trade (CCPIT), China-Middle East & North Africa International Trade Digital Expo 2021 had its grand opening through the digital platform GTW-VE on 15th June 2021. The Expo lasted for 10 days in total and attracted 10,000+ overseas visitors and 10,000+ business enterprises.

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Business

2021-07-07

Rieter updates outlook for first half year 2021

Order intake in the first half of 2021 of around CHF 975 million

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Business

2021-07-01

adidas launches new share buyback program

Through its new strategy ‘Own the Game’ adidas expects to drive significant top-line growth and strong bottom-line expansion until 2025. As a result, the company will generate substantial cumulative free cash flow over the next five years. adidas plans to share the majority of this – between € 8 billion and € 9 billion – with its shareholders through regular dividend pay-outs in a range of between 30% and 50% of net income from continuing operations, complemented with share buybacks.

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Business

2021-07-01

VF Corporation completes the sale of the occupational portion of its work segment

VF Corporation (NYSE: VFC), a global leader in branded lifestyle apparel, footwear and accessories, today announced that it has completed the sale of the occupational portion of its Work segment to a subsidiary of Redwood Capital Investments, LLC, a diversified holding company.

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Business

2021-07-01

H & M Hennes & Mauritz six-month report

“With our much-appreciated collections, our ongoing transformation and the fact that markets are gradually being opened up, our recovery is strong. Online sales have continued to develop very well even as the stores have opened, which shows that customers appreciate the collections and being able to shop via their preferred channel,” says Helena Helmersson, CEO.

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