Business

2024-03-28

H&M Hennes & Mauritz with increased profit in first quarter 24

In the first quarter (1 December 2023 – 29 february 2024) the H&M group’s net sales amounted to SEK 53,699 m (54,872). Gross profit increased by 7 percent to SEK 27,655 m (25,886). This corresponds to a gross margin of 51.5 percent (47.2). Operating profit amounted to SEK 2,077 m (725), corresponding to an operating margin of 3.9 percent (1.3). Adjusted for result from investments in associated companies and joint ventures of SEK -14 m (999) the operating profit amounted to SEK 2,091 m (-274), corresponding to an improvement in profit of SEK 2,365 m.

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Business

2024-03-21

Lenzing Group's financial performance in 2023: Overcoming challenges with resilience

In 2023, the Lenzing Group, a key player in regenerated cellulosic fibers, faced challenges with subdued demand and rising raw material costs, impacting earnings negatively. Despite stable revenue of EUR 2.52 bn, primarily due to low fiber prices and weaker demand, specialty brands maintained resilience. EBITDA increased by 25.4% to EUR 303.3 mn, but EBIT stood at minus EUR 476.4 mn due to impairment losses.

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Business

2024-03-21

Groz-Beckert develops innovative slider needle for circular knitting machines together with Vanguard Pailung

In collaboration with Vanguard Pailung, a manufacturer of ultra-high-speed knitting machines for body-size products, Groz-Beckert has developed an innovative slider needle for a new generation of machines. The new needle technology was presented for the first time at the ITMA in June 2023.

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Business

2024-03-14

Inditex reports exceptional results for FY 2023

In 2023, Inditex continued with a very robust operating performance due to the creativity of the teams and the strong execution of the fully integrated business model.

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Business

2024-03-14

Machines weaken, but components, after sales and land sales make Rieter's 2023 financial year successful

The Rieter Group closed the 2023 financial year with slightly lower sales of CHF 1 418.6 million (2022: CHF 1 510.9 million), down 6% on the previous year. In line with expectations, the order intake of CHF 541.8 million was considerably below the prior year period (2022: CHF 1 157.3 million). In a challenging business environment, Rieter generated an EBIT margin of 7.2%. Implementation of the “Next Level” performance program to increase profitability is proceeding according to plan.

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Business

2024-03-14

On track: Autoneum achieves a significant increase in revenue and profit in 2023

Autoneum significantly improved revenue in local currencies by 34.8% in 2023 compared to the previous year, supported by inorganic growth and a positive market environment. Consolidated in Swiss francs, revenue increased by 27.6% to CHF 2 302.3 million.

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Business

2024-03-14

Suominen has published its Annual Report 2023 and Remuneration Policy

Suominen’s Annual Report 2023 has been published on March 12th, 2024. The Annual Report includes Annual review, the Report by the Board of Directors, Financial Statements for 2023, the Auditor’s report, Corporate Governance Statement, Remuneration Report and Sustainability report.

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Business

2024-03-07

Celebrating in Jiaxing!

Trützschler’s ultra-modern factory in China is now complete! More than 300 guests visited the facility for the opening ceremony on February 24 to celebrate this latest step in Trützschler' s global expansion. Now, the new site is serving customers in China with an expanded range of solutions and services.

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Business

2024-03-07

Indorama Ventures evolves its business strategy as it pivots towards structural shifts in the global chemical industry

Indorama Ventures Public Company Limited, a global sustainable chemical producer, unveiled a significant evolution in its business strategy and outlined how major structural shifts are re-shaping the chemical industry, creating opportunities for the company to emerge stronger from the current downturn and benefit from its unique global model in the longer term.

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Business

2024-02-29

ANDRITZ reports record results for 2023

In 2023, international technology group ANDRITZ again achieved the best results in its history. Revenue increased to 8.7 billion EUR (up 15% from 2022), net income rose to 504 MEUR (+25%), and the operating result (EBITA) reached 742 MEUR (+14%). The comparable EBITA margin increased from 8.5% to 8.7%. Subject to the approval by the Annual General Meeting, shareholders will benefit from this excellent performance through a dividend increase to 2.50 EUR (2022: 2.10 EUR) per share.

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Older News

Business

2024-02-26

Re:NewCell decides to file for bankruptcy

The Board of Directors of Re:NewCell AB has today decided to file for bankruptcy of Re:NewCell AB (publ). The bankruptcy application will be filed at the Stockholm District Court.

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Business

2024-02-22

Oerlikon reports robust figures and evaluates options for separation of Polymer Processing Solutions business unit

“Today, we announce our final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities. We will further leverage our technology leadership to drive growth and profitability by expanding regionally and into new applications and end markets,” said Michael Suess, Executive Chairman, Oerlikon. “The board and management will evaluate options for the separation of Polymer Processing Solutions with the aim of optimizing value for all stakeholders.”

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Business

2024-02-22

Messe Frankfurt launches seven brand events in Central Asia

Messe Frankfurt will extend its footprint in the Central Asian market by establishing seven brand events in Tashkent, Uzbekistan. The country’s strategic location as a crossroads of Europe and Asia positions it as a promising trade gateway and transportation hub, facilitating the economic development of neighbouring countries and access to the wider region.

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News Archive
2024-02-15

Borealis and Axpo sign two new long-term wind PPAs

2024-02-15

Kornit Digital reports fourth quarter and full year 2023 results

2024-02-08

VF Corporation reports third quarter fiscal 2024 results and announces strategic portfolio review

2024-02-08

Suominen increases EBITDA in a difficult environment

2024-02-01

Acquisition strengthening Rieter’s After Sales Business

2024-02-01

adidas full-year results exceed latest expectations

2024-02-01

H&M increases results in the past financial year

2024-01-25

Lenzing announces impairment requirements (EBIT) for the financial year 2023 and specifies earnings forecast (EBITDA)

2024-01-25

Autoneum records significant increase in revenue and results in the 2023 financial year

2024-01-25

Rieter announced solid sales in the financial year 2023 despite challenging market environment

2024-01-12

CARBIOS has received €1.2M of the €11.4M granted by ADEME

2023-12-21

Indorama Ventures continues to be a member of the DJSI World and DJSI Emerging Markets

2023-12-14

Inditex with good figures for the first 9 months of 2023

2023-12-13

Changes in the Board of Directors of Rieter Holding AG

2023-12-07

HUGO BOSS invests in campus of the future and attractiveness of its headquarters

2023-12-07

Culp reports continued sequential and strong year-on-year operational improvement and a solid financial position for Q2

2023-11-30

New Balance Londonderry factory groundbreaking

2023-11-02

Suominen with slightly improved EBITDA and unchanged outlook

2023-11-02

Glatfelter lowers outlook for 2023 Adjusted EBITDA after Q3 results

2023-11-02

HUGO BOSS records strong top- and bottom-line improvements in Q3 and confirms full-year outlook

2023-11-02

VF Corporation reports second quarter fiscal 2024 results and announces reinvent, a comprehensive transformation program

2023-10-19

Adidas announces preliminary third quarter results and increases full year guidance

2023-10-19

NatureWorks announces next phase of construction on new fully integrated Ingeo™ PLA biopolymer manufacturing facility in Thailand

2023-10-18

Re:NewCell gives warning for sales, profit and cash flow