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.

...more

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.”

...more

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.

...more

Business

2024-02-15

Borealis and Axpo sign two new long-term wind PPAs

Borealis, one of the world’s leading providers of advanced and sustainable polyolefin solutions and a European market leader in base chemicals, and , Switzerland’s largest producer of renewable energy and an international leader in the trading and marketing of solar and wind power, have again joined forces and signed their fourth and fifth power purchase agreements (PPA).

...more

Business

2024-02-01

Acquisition strengthening Rieter’s After Sales Business

Rieter Group, world leading supplier of systems for manufacturing yarn from staple fibers in spinning mills headquartered in Winterthur, Switzerland, has acquired the French company, Petit Spare Parts SAS, effective January 5, 2024. The acquisition is set to strengthen Rieter Group’s dynamic after-sales business.

...more

Business

2024-02-15

Kornit Digital reports fourth quarter and full year 2023 results

Kornit Digital Ltd. (“Kornit” or the “Company”) (Nasdaq: KRNT), a worldwide market leader in sustainable, on-demand, digital fashionX and textile production technologies, reported today its results for the fourth quarter and full year ended December 31, 2023.

...more

Business

2024-02-08

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

VF Corporation (NYSE: VFC) today reported financial results for its third quarter (Q3'FY24) ended December 30, 2023, announcing a quarterly per share dividend of $0.09 and reiterating FY24 free cash flow guidance.

...more

Business

2024-02-08

Suominen increases EBITDA in a difficult environment

Finland-based Suominen, a manufacturer of nonwovens in rolls for wipes and other applications, has announced its business figures for the past financial year 2023. EBITDA improved while sales declined slightly. The company is forecasting a further increase in EBITDA for the current year 2024.

...more
            

Business

2024-02-01

adidas full-year results exceed latest expectations

adidas today published preliminary results for 2023. Based on preliminary unaudited numbers, adidas currency-neutral revenues were flat versus the prior year-level in 2023 (latest guidance: to decline at a low-single-digit rate) despite the drag from the devaluation of the Argentine Peso in the fourth quarter. In reported terms, sales were down 5% to € 21,427 million in 2023 (2022: € 22,511 million). Reported revenues include the negative translation impact of more than € 1,000 million from unfavorable currency movements, which are expected to remain a drag on the company’s top-line development in 2024.

...more
            

Business

2024-02-01

H&M increases results in the past financial year

In the annual report for the past financial year (December 1, 2022 - November 30, 2023), the H&M Group delivered increased figures in all areas. “Operating profit has been positively impacted by a stronger gross margin, the cost and efficiency programme, and good cost control. The H&M group is taking important steps towards the company’s ambitious climate goals. Preliminary results indicate that greenhouse gas emissions decreased by more than 20 percent in 2023 compared with the 2019 baseline*,” says Helena Helmersson, CEO.

...more
Older News

Business

2024-01-25

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

The annual valuation of assets in accordance with IFRS for the entire Lenzing Group, a leading global supplier of specialty fibers for the textile and nonwovens industries, both nationally in Austria and internationally, has resulted in a projected asset impairment of up to EUR 480 million for the 2023 financial year.[1]

...more

Business

2024-01-25

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

Autoneum significantly boosted consolidated revenue in Swiss francs by 27.6% in the 2023 financial year, bolstered by the acquisition of the Borgers automotive business and a favorable market environment. In absolute terms, consolidated revenue in Swiss francs rose year on year by CHF 497.8 million to CHF 2 302.3 million. Excluding the translation effects due to a strong Swiss franc, revenue in local currencies climbed by 34.8% to CHF 2 431.7 million and thus was in line with the guidance.

...more

Business

2024-01-25

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

The Rieter Group closed the financial year 2023 with slightly lower sales than in the previous year. According to the first, unaudited figures, total sales of CHF 1 418.6 million were achieved, which is around 6% down on the previous year (2022: CHF 1 510.9 million). In line with expectations, the order intake of CHF 541.8 million was considerably below the previous year (2022: CHF 1 157.3 million). Rieter expects a positive EBIT margin of around 7% for the full year 2023 (2022: 2.1%).

...more
News Archive
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

2023-10-12

Levi Strauss & Co. reports third-quarter 2023 financial results

2023-10-05

NIKE reports fiscal 2024 first quarter results

2023-09-21

Lenzing with new outlook for 2023

2023-09-14

Infinited Fiber Company welcomes new Board members

2023-09-14

INDITEX reports very strong operating performance in its interim report for the first half of 2023

2023-09-14

Board of Directors of Autoneum Holding Ltd decides terms of capital increase

2023-09-14

Zegna Group reports strong first-half 2023 financial results

2023-09-07

Haelixa receives a new capital injection from Zürich Silk Association (ZSIG)

2023-08-31

Hoftex Group AG decides to partially close the Neutex division

2023-08-31

Culp announces results for First Quarter Fiscal 2024, with better-than-expected operating improvement and continued solid financial position