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Aptiv Reports Third Quarter 2020 Financial Results

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Strong Year-Over-Year Revenue GrowthSolid Operating Performance Despite Challenging EnvironmentDUBLIN , Oct. 29, 2020 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener and more connected, today reported third quarter 2020 U.S. GAAP earnings of $1.05 per diluted share. Excluding special items, third quarter earnings totaled $1.13 per diluted share. Third Quarter Highlights Include :U.S. GAAP revenue of $3.7 billion , an increase of 3%U.S. GAAP net income of $283 million , diluted earnings per share of $1.05 U.S. GAAP operating income margin of 9.9%, operating income of $364 million Generated $559 million of cash from operations Year-to-Date Highlights Include :U.S. GAAP revenue of $8.9 billion , a decrease of 18%U.S. GAAP net income of $1,486 million , diluted earnings per share of $5.63 ; which includes a gain of $5.39 per diluted share resulting from the completion of the Motional autonomous driving joint venture in the first quarterU.S. GAAP operating income of $1,672 million ; which includes a gain of $1,434 million resulting from the completion of the Motional autonomous driving joint venture in the first quarterGenerated $614 million of cash from operations (PRNewsfoto/Aptiv PLC)”Our third quarter results reflect the efforts we have taken to build a more sustainable business, with a portfolio of advanced technologies driving sustained above …

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Helsinki-based proptech Kodit.io announces €100 million to finance new home purchases

helsinki-based proptech kodit.io announces €100 million to finance new home purchases

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Kodit.io, the real estate startup that aims to make buying and selling homes fast, simple and safe, has raised €100 million in a combination of equity and debt, led by leading Nordic real estate investor NREP, to finance new home purchasing for its real estate portfolio. With NREP backing its growth, Kodit.io seeks to scale its reach in existing countries, while eyeing expansion into new geographies.
Since 2017, Kodit.io has grown to become one of Europe’s leading iBuyer (instant home buyer) startups with operations in Finland, Spain, and Poland. The company started by building a machine learning-powered real estate data platform to give home sellers instant cash offers, and to provide home buyers with renovated move-in ready homes. Kodit.io has recently launched a tech-driven real estate brokerage and is expanding to provide flexible living solutions with the aim of becoming a destination for all housing needs.
“We have grown to a level where we are ready to absorb institutional real estate capital and I could not think of a better partner than NREP to do that with. They are true forerunners and innovators in the real estate industry,” said Kodit.io founder Kalle Salmi. 
NREP is recognized …

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Here’s why financial modeling matters, and how you can become an expert

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MarketWatch has highlighted these products and services because we think readers will find them useful. This content is independent of the MarketWatch newsroom and we may receive a commission if you buy products through links in this article. If you’re interested in pursuing an in-demand job with a low supply of candidates, look no further than the financial modeling path. This particular career path is projected to open big doors for emerging finance and accounting talent, as being able to build mathematical models of real-world financial situations helps investors realize the past, present and future of their investments.

Financial modeling is a fantastic addition to your financial toolkit, and now, it’s possible to add it for much less than its value. The 360° Financial Modeling & Valuation Course is designed for those who want to embrace financial modeling in their careers, whether at their current or future jobs, and can be purchased for only $25. This four-hour, non-textbook approach teaches users industry-approved practices and the common pitfalls while informing users on how to utilize this sought-after skill. With this extensive course, you’ll get a great overview of financial modeling and how to build client-ready deliverables from scratch by formatting protocols, …

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International Petroleum Corporation to release 2020 Third Quarter Financial Results on November 3, 2020

international petroleum corporation to release 2020 third quarter financial results on november 3, 2020

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BloombergLVMH Revives Luxury’s Biggest Deal by Settling Tiffany Dispute(Bloomberg) — LVMH agreed to buy Tiffany & Co. at a reduced price of almost $16 billion, preserving the luxury industry’s biggest takeover and avoiding a courtroom battle over an earlier deal that soured.The compromise ends a yearlong saga that’s been characterized by accusations of bad faith, French government intervention and lawsuits. Both sides were due to meet in a Delaware court in January, after the Louis Vuitton owner walked away from their original deal and Tiffany sued to keep it on track.Adding Tiffany at a lower price reinforces LVMH Chairman Bernard Arnault’s image as a hard-nosed bargainer, even though the savings are a small fraction of his company’s $240 billion market value. The deal gives LVMH a major boost in the global jewelry market, adding a famous brand that can compete with Cartier owner Richemont.Under the new agreement, the French owner of brands like Dior fashions and Hennessy cognac will pay $131.50 a share, down from the original price of $135, according to a statement Thursday.LVMH rose as much as 0.6% in Paris, after Tiffany closed at $129.95 on Wednesday in New York.The reduction of about $425 million …

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Verona Pharma plc Operational Update and Financial Results for the Three and Nine Months Ended September 30, 2020

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Initiated ENHANCE Phase 3 clinical trials in COPDCompleted $200 million private placementCommenced a pilot clinical study in U.S. patients hospitalized with COVID-19 Conference call today at 9:00 a.m. EDT / 1:00 p.m. GMTLONDON and RALEIGH, N.C., Oct. 29, 2020 (GLOBE NEWSWIRE) — Verona Pharma plc (AIM: VRP) (Nasdaq: VRNA) (“Verona Pharma” or the “Company”), a clinical-stage biopharmaceutical company focused on developing and commercializing innovative therapies for respiratory diseases, announces financial results for the three and nine months ended September 30, 2020 and provides a corporate update.”We continue to make outstanding progress and are delighted to have started four clinical trials in the third quarter including our pivotal ENHANCE-1 and 2 (Ensifentrine as a Novel inHAled Nebulized COPD thErapy) Phase 3 studies,” said David Zaccardelli, Pharm. D., President and Chief Executive Officer. “This important milestone brings us closer to potentially submitting a New Drug Application in the U.S. for ensifentrine and addressing the urgent need for a novel therapy for the treatment of chronic obstructive pulmonary disease (“COPD”).”In addition to the two ENHANCE clinical trials which have both enrolled patients, we started a pilot clinical study to investigate ensifentrine delivered via pressurized metered-dose inhaler (“pMDI”) formulation in U.S. patients hospitalized with COVID-19. Clinical data …

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AB Science announces a financing of 4.5 million euros through the issuance of bonds convertible into new ordinary shares

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NOT FOR DISTRIBUTION, PUBLICATION, RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPANPRESS RELEASEFINANCING OF 4.5 MILLION EUROS THROUGH THE ISSUANCE OF CONVERTIBLE BONDS WITH ATTACHED WARRANTSParis, France – October 29,2020 AB Science S.A. (the “Company” or “AB Science”, Euronext – FR0010557264 – AB) announces today that it reached an agreement with qualified investors on a financing of 4.5 million euros through the issuance of bonds convertible into new ordinary shares (the “OCA”) with attached warrants (the “Warrants” and, with the OCA, the “OCABSA”).90,000 OCABSA will be issued, representing a nominal value of 4.5 million euros. It will reinforce the cash position of AB Science for the development of its clinical research program.Terms of the issuanceThe settlement delivery of the OCABSA will happen at the latest on November 6, 2020. The board of AB Science authorized, on October 27, 2020, this issuance based on the 25th resolution of the August 31, 2020 shareholders’ meeting. The OCABSA will be issued through a private placement (withing the meaning of article L. 411-2 of the French Financial and Monetary Code) without preferential subscription right for existing shareholders. The issuance of the OCABSA, the conversion of the OCA into ordinary shares of AB Science and the exercise of the Warrants, as the …

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Q3 2020 financial information

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`Press releaseParis, 29 October 2020Q3 2020 financial informationReturn to revenue growth despite the impact of the health crisis- Strong commercial performance and growth in Wholesale and convergence enabled Orange to post EBITDAaL in line with the trajectory announced for 2020.- Proposed return to a €0.70 per share dividend for 2020. Orange will pay an interim dividend of €0.40 per share in December, revised upwards by €0.10.In millions of euros3Q 2020changecomparablebasischangehistoricalbasis9M 2020changecomparablebasischangehistoricalbasisRevenues10,5840.8 %0.1 %31,3530.5 %0.7 %EBITDAaL3,584(0.4)%(0.8)%9,498(0.6)%(0.7)%eCAPEX (excluding licenses)1,7300.9 %0.3 %4,886(6.3)%(6.6)%EBITDAaL – eCAPEX1,854(1.5)%(1.9)%4,6126.3 %6.4 %Return to revenue growth in the third quarter of 2020 despite the continuing sharp decline in roaming and the more limited decline in equipment sales, both linked to the health crisis. Growth in France and Africa & Middle East exceeded the decline in the other segments, which nevertheless showed an improving trend compared to the second quarter.Moderate decline in EBITDAaL in the third quarter, which benefited from the co-financing of the fiber network in France yet remains adversely impacted by the decline in roaming and the cost of health measures. Over the first nine months, the decline in EBITDAaL was limited to 0.6%1.Decline in the Group’s eCAPEX over the first nine months, mainly as a result of co-financing, despite the acceleration of deployments in fixed …

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Too few companies disclose financial hit from climate change, regulator says

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BloombergBOJ Sees More Volatile Recovery Path Amid High Virus Uncertainty(Bloomberg) — The Bank of Japan sees a more volatile recovery path ahead as rising waves of the coronavirus abroad cloud the recovery outlook and spark renewed nerves in markets.The BOJ cut its growth forecast for the current year while keeping its key interest rates and asset purchases unchanged, according to a statement from the central bank Thursday. Amid the heightened uncertainty over the outlook the central bank said it was ready to take further action if needed. All but one of 43 surveyed economists forecast a stand-pat decision.The bank now sees the economy shrinking 5.5% in the year to March from a 4.7% drop forecast previously, citing a delayed recovery in the services sector. It raised its growth projection for the following year to 3.6%, suggesting a wider gap between recession and recovery.The decision and forecast changes come with the risks for Japan’s export-reliant economy increasing as the virus surges again in the U.S. and Europe. A return to partial lockdowns in some parts of Europe and the prospect of an even more prolonged pandemic are helping fuel stock market falls and further yen gains.​The Japanese currency …

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Coronavirus: Vacaville budget paints mixed financial picture

coronavirus: vacaville budget paints mixed financial picture

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Vacaville’s financial situation appears to be better than the city anticipated in the early stages of the COVID-19 pandemic.That was the gist of a quarterly budget update that was presented to the Vacaville City Council at its Tuesday meeting. As the city continues to experience the impacts of the coronavirus, officials are presenting updates on the budget every few months before its official adoption for the 2020-21 fiscal year.
Finance Director Ken Matsumiya said when the last update was presented June 9, it was assumed the city would still be under the statewide shelter-at-home order with a moderate recovery afterward, the sales tax would decrease by approximately 13 percent from the previous fiscal year, there would be no additional revenue for the Parks and Recreation Department due to the state orders, a 28 percent decline for Parks and Rec, a 14 percent decrease for the Transient Occupancy Tax and the property tax would not be affected.
As the latest results indicated, property tax was indeed not impacted, but the sales tax was only down 1.4 percent from the previous fiscal year.
“The decrease wasn’t as drastic as previously anticipated,” Matsumiya said.
Matsumiya said this was largely due to the strength of online …

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