Today IBU-tec revealed its sales in the battery division increased more than 100% year-on-year as of mid-June 2019. The company states the growth resulted from an expanding customer base and large-volume orders. This includes a long-term contract for the supply of battery materials to an Asian technology group, with an associated turnover in the seven-digit euro range.
12 hours ago • 1 minute(s) read Author Sparks Team
FinTech expects more than 60k new B2C customers in 2019
FinTech announced today that flatex, its subsidiary, has launched its offer in the Netherlands. flatex, an online securities trading provider, is now present in three European countries and FinTech intends to enter at least three other countries in the next 18 months.
17-06-2019 10:15:00 • 1 minute(s) read Author Christian Breitsprecher
edding AG, a producer of marking, writing and visual communication products, indicated today that an expected intra-year shift of revenues into the second half will have a disproportionate impact on EBIT, leading to a H119 EBIT significantly below H118, when EBIT stood at €6.6m.
17-06-2019 09:50:00 • 1 minute(s) read Author Sparks Team
The company follows a policy that intends to maintain discount to NAV at or below 9%.
Scottish Investment Trust posted its results for the six months to 30 April 2019, reporting that share price total return stood at -0.5% and gearing was 0% at the beginning of the year, with a slight increase to 2% by the end of the period. The sterling total return to the international MSCI All Country World Index (ACWI) was +7.2%, while the UK-based MSCI UK All Cap Index total return was +6.0%.
17-06-2019 07:29:11 • 2 minute(s) read Author Sparks Team
Profit levels are in line with the board’s expectations
Premier Technical Services Group announced its AGM statement, reporting continued sales growth and strong order levels year to date. The company’s working capital utilisation, margin and profit levels are in line with board’s expectations for the period.
17-06-2019 07:27:19 • minute(s) read Author Sparks Team
David Broderick will remain in his current role and as a member of the Board
Keyword Studios announced that its Chief Financial Officer, David Broderick, will be stepping down from his role and leaving the group for personal reasons. It appointed Jon Hauck as its new CFO, who will be joining the company by 1 November 2019.
14-06-2019 11:24:00 • 1 minute(s) read Author Sparks Team
The company has extended the term of its public share repurchase offer until 8 July 2019
German Startups announced today that the company’s majority holding, Exozet, expects a more than a 30% year-on-year increase in its revenues in H119. German Startups states that Exozet’s order situation in H219 is very good as well.
14-06-2019 09:32:00 • 1 minute(s) read Author Sparks Team
The company is now present in all key European markets
Stemmer Imaging, a European independent provider of machine vision technology solutions, announced yesterday it has set up a subsidiary in Italy. The subsidiary will combine the company’s previous activities in the Italian market, where Stemmer has been operating for many years.
14-06-2019 07:35:52 • 3 minute(s) read Author Sparks Team
As per the terms of the acquisition, shareholders of SCISYS will receive 254.15p in cash for each SCISYS share.
SCISYS Group announced that it agreed with CGI Group in terms of a cash offer under which a wholly owned indirect subsidiary of CGI will acquire the entire issued and to be issued ordinary share capital of SCISYS.
14-06-2019 07:29:22 • 2 minute(s) read Author Sparks Team
This announcement is further to the one made on 10 June 2019
The Board of Directors of HgCapital Trust have announced the closure of its ordinary share placing. A total of £63.7m before costs and expenses were raised through the issue of 29,352,828 ordinary shares of 2.5p each in the capital of the company through the placement.
14-06-2019 07:26:22 • 2 minute(s) read Author Sparks Team
The company’s total revenue income stood at £21.4m, in line with expectations
Utilico Emerging Markets Trust has announced its audited financial results for the period ending 31 March 2019. The company’s reported NAV of 249.84p per share grew 1.1% and revenue earnings per share stood at 7.47p for the period. The current year’s NAV total return per share, 3.5% was ahead of the MSCI Emerging Markets Total Return Index, which was unchanged over the period.
The company’s gross assets grew 0.4% to £581.9m and the company’s portfolio is well-positioned, with a diversified portfolio and an ungeared balance sheet.
14-06-2019 07:19:11 • 2 minute(s) read Author Sparks Team
Trading for the six months to 31 July 2019 will be provided in detail in the half year trading update in early August 2019
Walker Greenbank provided its trading update for the current financial year to date. Brand sales in international markets, excluding the US, are ahead on a like-for-like basis at constant currency in the first 18 weeks of the year compared with the same period last year. In the UK, which accounts for about 52% of brand sales, market conditions remain challenging, although the sales trend improved since the commencement of the financial year.
Financials & real estate
13-06-2019 10:30:00 • 1 minute(s) read Author Sparks Team
Lloyd Fonds announced today that the Annual General Meeting held on 12 June 2019 has approved all proposed resolutions, including the acquisition of SPSW Capital GmbH (SPSW), a manager of two retail funds with total assets under management (AuM) of c. €650m.
13-06-2019 09:55:00 • 1 minute(s) read Author Christian Breitsprecher
Varta AG, one of the market leaders in micro batteries, announced a €104m rights issue to finance a capacity expansion to well above 100m batteries by 2021. The new shares have been placed with institutional investors via a private placement.