Edison Sparks - Morning News

IBU-tec advanced materials AG (IBU); H119 sales in battery division increase over 100% year-on-year

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.

FinTech Group AG (FTK); flatex launches its offer in the Netherlands

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.

edding (EDD3); sees H119 EBIT below pre-year level, as planned

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.

Vectron Systems AG (V3S); launches sales of its new digital product bundle

Vectron, a supplier of point-of-sale (POS) systems for the hospitality sector, announced today it has launched sales of its new digital product bundle for the catering trade.

Scottish Investment Trust (SCIN); NAV total return at -0.1% for half year ended 30 April 2019

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%.

Premier Technical Services Group (PTSG); reports strong order levels

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.

Keyword Studios (KWS); CFO David Broderick steps down

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.

Nanogate SE (N7G); receives an order with a volume that exceeds €10m

Today Nanogate announced it has received an order from an international manufacturer of premium coffee machines. The order has a volume of more than €10m and will last 5 years.

German Startups Group GmbH & Co KGaA (GSJ); expects a more than 30% year-on-year revenue growth of its majority-held Exozet in H119

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.

Stemmer Imaging AG (S9I); sets up a subsidiary in Italy

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.

SCISYS Group (SSY); announces deal on the terms of cash offer with CGI Group

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.

HG Capital Trust (HGT); raises £63.7m through issue of ordinary shares

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.

Utilico Emerging Markets Trust (UEM); NAV total return per share of 3.5%

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.

Walker Greenbank (WGB); trading in line with board’s expectations

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.

Lloyd Fonds AG (L1OA); shareholders agree to acquire SPSW Capital GmbH

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.

VARTA (VAR1); announces capital increase to finance added capacity

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.