Connect with us
European Gaming Congress 2024

Fintech PR

Essity reports Vinda as discontinued operations as of Q4 2023 and publishes updated comparable figures

Published

on

essity-reports-vinda-as-discontinued-operations-as-of-q4-2023-and-publishes-updated-comparable-figures

STOCKHOLM, Dec. 19, 2023 /PRNewswire/ — As announced on December 15, 2023, Essity will, as of the fourth quarter of 2023, classify the financial reporting of Vinda as discontinued operations. Today, Essity is publishing updated comparable figures to reflect this change in accounting.

EARNINGS TREND

SEKm

2023:3

2023:2

Advertisement
Stake.com

2023:1

2022:4

2212

2112

Net sales

Advertisement
Stake.com

37,092

37,078

36,352

36,629

131,320

Advertisement
Stake.com

101,466

Gross profit

10,683

10,454

10,359

Advertisement
Stake.com

9,935

32,026

29,144

Adjusted gross profit1

11,670

Advertisement
Stake.com

10,809

10,321

10,237

33,925

29,290

Advertisement
Stake.com

Adjusted operating profit before amortization of acquisition- related intangible assets (EBITA)1

5,147

4,617

4,281

4,112

Advertisement
Stake.com

12,047

11,451

Operating profit before amortization of acquisition-related intangible assets (EBITA)

3,497

4,131

Advertisement
Stake.com

4,368

3,818

9,876

11,822

Amortization of acquisition-related intangible assets

Advertisement
Stake.com

-277

-279

-283

-288

-1,111

Advertisement
Stake.com

-844

Adjusted operating profit1

4,870

4,338

3,998

Advertisement
Stake.com

3,824

10,936

10,607

Items affecting comparability

-1,967

Advertisement
Stake.com

-519

87

-305

-2,445

371

Advertisement
Stake.com

Operating profit

2,903

3,819

4,085

3,519

Advertisement
Stake.com

8,491

10,978

Financial items

-644

-588

Advertisement
Stake.com

-625

-561

-1,320

-567

Profit before tax

Advertisement
Stake.com

2,259

3,231

3,460

2,958

7,171

Advertisement
Stake.com

10,411

Adjusted profit before tax1

4,226

3,750

3,373

Advertisement
Stake.com

3,263

9,616

10,040

Income taxes

-696

Advertisement
Stake.com

-786

-809

-736

-2,006

-2,398

Advertisement
Stake.com

Profit for the period from continuing operations

1,563

2,445

2,651

2,222

Advertisement
Stake.com

5,165

8,013

Profit for the period from discontinued operations

88

106

Advertisement
Stake.com

52

24

899

1,797

Profit for the period, total operations

Advertisement
Stake.com

1,651

2,551

2,703

2,246

6,064

Advertisement
Stake.com

9,810

Earnings per share before and after dilution, continuing operation, SEK

2.20

3.46

3.75

Advertisement
Stake.com

3.14

7.28

10.96

Adjusted earnings per share before and after dilution, continuing operation, SEK2

4.83

Advertisement
Stake.com

4.26

3.93

3.75

11.60

11.18

Advertisement
Stake.com

Earnings per share before and after dilution, total operations, SEK

2.26

3.53

3.79

3.15

Advertisement
Stake.com

7.93

12.27

1Excluding items affecting comparability.

2Excluding items affecting comparability and amortization of acquisition-related intangible assets.

 

Advertisement
Stake.com

NET SALES BY BUSINESS AREA

SEKm

2023:3

2023:2

2023:1

Advertisement
Stake.com

2022:4

2212

2112

Health & Medical

7,158

Advertisement
Stake.com

6,905

6,665

6,589

24,708

21,255

Advertisement
Stake.com

Consumer Goods

19,729

20,056

20,257

20,454

Advertisement
Stake.com

72,241

55,821

Professional Hygiene

10,184

10,123

Advertisement
Stake.com

9,422

9,617

34,393

24,392

Other

Advertisement
Stake.com

21

-6

8

-31

-22

Advertisement
Stake.com

-2

Total

37,092

37,078

36,352

Advertisement
Stake.com

36,629

131,320

101,466

 

ORGANIC SALES GROWTH BY BUSINESS AREA

Advertisement
Stake.com

( %)

2023:3

2023:2

2023:1

2022:4

Advertisement
Stake.com

2212

2112

Health & Medical

5.8

8.0

Advertisement
Stake.com

10.6

4.5

7.2

5.5

Consumer Goods

Advertisement
Stake.com

-0.4

5.7

14.8

18.4

17.6

Advertisement
Stake.com

0.2

Professional Hygiene

5.7

11.7

22.6

Advertisement
Stake.com

20.7

25.4

5.8

Total

2.4

Advertisement
Stake.com

7.7

15.9

16.0

17.3

2.6

Advertisement
Stake.com

 

SALES GROWTH, INCLUDING ORGANIC SALES GROWTH AND ACQUISITIONS BY BUSINESS AREA

( %)

2023:3

2023:2

Advertisement
Stake.com

2023:1

2022:4

2212

2112

Health & Medical

Advertisement
Stake.com

5.8

8.0

10.6

6.4

9.6

Advertisement
Stake.com

6.6

Consumer Goods

1.1

8.7

17.2

Advertisement
Stake.com

21.1

20.0

1.6

Professional Hygiene

5.7

Advertisement
Stake.com

11.7

22.9

21.3

27.7

7.7

Advertisement
Stake.com

Total

3.3

9.3

17.4

18.0

Advertisement
Stake.com

19.7

4.0

 

ADJUSTED EBITA BY BUSINESS AREA

SEKm

Advertisement
Stake.com

2023:3

2023:2

2023:1

2022:4

2212

Advertisement
Stake.com

2112

Health & Medical

1,188

947

777

Advertisement
Stake.com

719

2,904

3,800

Consumer Goods

2,395

Advertisement
Stake.com

2,417

2,400

2,293

6,354

5,767

Advertisement
Stake.com

Professional Hygiene

1,887

1,582

1,288

1,405

Advertisement
Stake.com

3,843

2,673

Other

-323

-329

Advertisement
Stake.com

-184

-305

-1,054

-789

Total

Advertisement
Stake.com

5,147

4,617

4,281

4,112

12,047

Advertisement
Stake.com

11,451

 

ADJUSTED OPERATING PROFIT BY BUSINESS AREA

SEKm

2023:3

Advertisement
Stake.com

2023:2

2023:1

2022:4

2212

2112

Advertisement
Stake.com

Health & Medical

979

737

560

499

Advertisement
Stake.com

2,058

3,082

Consumer Goods

2,332

2,356

Advertisement
Stake.com

2,338

2,231

6,109

5,650

Professional Hygiene

Advertisement
Stake.com

1,881

1,577

1,282

1,400

3,823

Advertisement
Stake.com

2,663

Other

-322

-332

-182

Advertisement
Stake.com

-306

-1,054

-788

Total adjusted operating profit1

4,870

Advertisement
Stake.com

4,338

3,998

3,824

10,936

10,607

Advertisement
Stake.com

Financial items

-644

-588

-625

-561

Advertisement
Stake.com

-1,320

-567

Profit before tax1

4,226

3,750

Advertisement
Stake.com

3,373

3,263

9,616

10,040

Income taxes

Advertisement
Stake.com

-995

-941

-803

-815

-2,206

Advertisement
Stake.com

-2,474

Net profit for the period2

3,231

2,809

2,570

Advertisement
Stake.com

2,448

7,410

7,566

1Excluding items affecting comparability before tax amounting to:

-1,967

Advertisement
Stake.com

-519

87

-305

-2,445

371

Advertisement
Stake.com

2Excluding items affecting comparability after tax amounting to:

-1,668

-364

81

-226

Advertisement
Stake.com

-2,245

447

 

 ADJUSTED EBITA MARGIN BY BUSINESS AREA

( %)

Advertisement
Stake.com

2023:3

2023:2

2023:1

2022:4

2212

Advertisement
Stake.com

2112

Health & Medical

16.6

13.7

11.7

Advertisement
Stake.com

10.9

11.8

17.9

Consumer Goods

12.1

Advertisement
Stake.com

12.1

11.8

11.2

8.8

10.3

Advertisement
Stake.com

Professional Hygiene

18.5

15.6

13.7

14.6

Advertisement
Stake.com

11.2

11.0

Total

13.9

12.5

Advertisement
Stake.com

11.8

11.2

9.2

11.3

 

Advertisement
Stake.com

 

ADJUSTED GROSS MARGIN BY BUSINESS AREA

( %)

2023:3

2023:2

Advertisement
Stake.com

2023:1

2022:4

2212

2112

Health & Medical

Advertisement
Stake.com

42.0

39.0

37.8

36.3

37.4

Advertisement
Stake.com

42.7

Consumer Goods

28.3

26.3

26.3

Advertisement
Stake.com

25.7

23.0

25.7

Professional Hygiene

30.2

Advertisement
Stake.com

28.1

26.3

26.8

23.4

24.0

Advertisement
Stake.com

Total

31.5

29.2

28.4

27.9

Advertisement
Stake.com

25.8

28.9

 

ADJUSTED RETURN ON CAPITAL EMPLOYED BY BUSINESS AREA

( %)

Advertisement
Stake.com

2023:3

2023:2

2023:1

2022:4

2212

Advertisement
Stake.com

2112

Health & Medical

13.3

10.7

9.1

Advertisement
Stake.com

8.3

8.7

12.8

Consumer Goods

17.2

Advertisement
Stake.com

17.6

18.2

16.7

12.8

14.2

Advertisement
Stake.com

Professional Hygiene

28.0

22.7

18.6

19.3

Advertisement
Stake.com

14.0

11.7

Total

17.2

15.8

Advertisement
Stake.com

15.2

13.9

10.9

12.4

 

Advertisement
Stake.com

OPERATING CASH FLOW BY BUSINESS AREA

SEKm

2023:3

2023:2

2023:1

Advertisement
Stake.com

2022:4

2212

2112

Health & Medical

1,676

Advertisement
Stake.com

323

270

818

2,396

3,834

Advertisement
Stake.com

Consumer Goods

2,235

1,732

1,760

1,043

Advertisement
Stake.com

3,567

5,152

Professional Hygiene

2,370

1,782

Advertisement
Stake.com

951

1,344

3,219

2,311

Other

Advertisement
Stake.com

-227

-990

-111

-585

-1,503

Advertisement
Stake.com

-1,552

Total

6,054

2,847

2,870

Advertisement
Stake.com

2,620

7,679

9,745

 

NET SALES BY CATEGORY

Advertisement
Stake.com

( %)

2212

Health & Medical

19

of which

Advertisement
Stake.com

  Incontinence Products Health Care

11

  Medical Solutions

8

Consumer Goods

Advertisement
Stake.com

55

of which

  Incontinence Products Retail

7

  Feminine Care

Advertisement
Stake.com

8

  Baby Care

5

  Consumer Tissue

35

Advertisement
Stake.com

Professional Hygiene

26

 

NET SALES PER REGION

( %)

Advertisement
Stake.com

2212

Europe

62

Latin America

16

Advertisement
Stake.com

North America

16

Asia

2

Other

Advertisement
Stake.com

4

 

For further information, please contact:

Per Lorentz, Vice President Corporate Communications, +46 73 313 30 55, [email protected]
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, [email protected]

The following files are available for download:

Advertisement
Stake.com

https://mb.cision.com/Main/15798/3896297/2504980.pdf

Essity reports Vinda as discontinued operations as of Q4 2023 and publishes updated comparable figures

 

View original content:https://www.prnewswire.co.uk/news-releases/essity-reports-vinda-as-discontinued-operations-as-of-q4-2023-and-publishes-updated-comparable-figures-302019271.html

Advertisement
Stake.com
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Invitation to presentation of EQT AB’s Q1 Announcement 2024

Published

on

invitation-to-presentation-of-eqt-ab’s-q1-announcement-2024

STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

Advertisement
Stake.com

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

Advertisement
Stake.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

The following files are available for download:

https://mb.cision.com/Main/87/3956826/2712771.pdf

Invitation to presentation of EQT AB’s Q1 Announcement 2024

https://news.cision.com/eqt/i/eqt-ab-group,c3285895

Advertisement
Stake.com

EQT AB Group

 

View original content:https://www.prnewswire.co.uk/news-releases/invitation-to-presentation-of-eqt-abs-q1-announcement-2024-302109147.html

Continue Reading

Fintech PR

Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

Published

on

kia-presents-roadmap-to-lead-global-electrification-era-through-evs,-hevs-and-pbvs
  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

Advertisement
Stake.com

Photo – https://mma.prnewswire.com/media/2380039/Photo_1__2024_CEO_Investor_Day.jpg
PDF – https://mma.prnewswire.com/media/2380040/Press_Release__2024_Kia_CEO_Investor_Day_240405.pdf

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/kia-presents-roadmap-to-lead-global-electrification-era-through-evs-hevs-and-pbvs-302109142.html

Continue Reading

Fintech PR

BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

Published

on

biovaxys-technology-corp.-provides-bi-weekly-mcto-status-update

VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

Advertisement
Stake.com

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

Logo – https://mma.prnewswire.com/media/1430981/BIOVAXYS_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/biovaxys-technology-corp-provides-bi-weekly-mcto-status-update-302108920.html

Advertisement
Stake.com
Continue Reading

Trending