Nordex Group’s Post

The Board of Directors of ERG S.p.A. approves the consolidated results for the first nine months of 2023 and the third quarter of 2023: Third quarter 2023: - Adjusted consolidated EBITDA: EUR 102 million, EUR 118 million in the third quarter of 2022 - Adjusted net profit (loss) from continuing operations attributable to owners of the parent: EUR 35 million, in line with the third quarter of 2022 First nine months of 2023: - Adjusted consolidated EBITDA: EUR 365 million, EUR 390 million in the first nine months of 2022 - Adjusted net profit (loss) from continuing operations attributable to owners of the parent: EUR 149 million, EUR 115 million in the first nine months of 2022 Paolo Merli, CEO of ERG commented: “The operating results for the quarter are solid and in line with our budget, albeit down compared to last year. This decrease is solely attributed to a particularly tough comparison given the electricity price peaks experienced in the same quarter last year, as well as the elimination of the incentive value in Italy in 2023 due to the calculation formula. However, lower sales prices were largely offset by the significant output growth, due to the new installed capacity and better wind conditions. Net profit for the quarter is in line with last year thanks to a significant reduction in financial expense, which reflect a better return on liquidity. Given the good start to the fourth quarter, with good wind conditions and further growth in installed capacity, we revise the EBITDA range upwards, now between EUR 490 and EUR 520 million, confirming the indications on capital expenditure, between EUR 500 and 600 million, and net indebtedness, between EUR 1,400 and 1,500 million, despite the planned outlays for the buyback programme". https://lnkd.in/dufdMKZ8 #SDGsContributors #greenenERGymakers #ERGIR #investorrelations

After the challenges in the Offshore Wind space were highlighted by the Ørsted situation last week, it's great to see positive news coming from the Onshore side of the industry. #windenergy #renewableenergy #offshorewind #onshorewind #greenenergy

In the News: Most active FDI companies in the engines and turbines industry 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 Discover the companies who are most prolific at making international expansions in the engines and turbines industry according to GlobalData 🔗 [Learn more: https://lnkd.in/g8-WCXRE] Join as a Partner and Professional: Trade and Invest Group: www.tradeandinvest.group Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting

Today Technip Energies published financial results for full year 2023.   “2023 represents an outstanding year in terms of safety, profitability, and orders, as well as for the delivery of strategic objectives to drive future growth….”   A robust FY (and Q4) with outstanding execution leading to 7.4% EBIT margin (EBIT: €445m). With orders above €10bn, backlog increased by 23% Y/Y to €15.7bn, providing excellent visibility. We also provided a longer-term perspective on our strong cash flow profile with free cash flow per share since company inception of more than €7/share (cumulative, 2021 - 2023).   Based on the strength of these results, our financial position and confidence in our outlook we propose a 10% Y/Y increase in annual dividend and €100m share buyback.   2024 guidance demonstrates our growth trajectory and sustainable profitability, as well as double-digit EPS growth; we we are on track to deliver our medium-term framework.   Our outlook confirms T.EN's market leadership in LNG, carbon capture and other strategic markets, and we outlined our priorities for 2024, which includes "winning the medium-term", disruptive innovation and strategic partnerships and investments.   T.EN's Hybrid model delivers performance, resilience and differentiation supporting T.EN’s strong outlook.   CMD planned for Q4 2024.   #TechnipEnergies #FinancialResults

In the News: Most active FDI companies in the engines and turbines industry 🌟 Discover the latest in the world of FDI and Business! Check out this insightful piece. 💡🌍 Discover the companies who are most prolific at making international expansions in the engines and turbines industry according to GlobalData 🔗 [Learn more: https://lnkd.in/g8-WCXRE] Join as a Partner and Professional: Trade and Invest Group: www.tradeandinvest.group Valqus Accounting and Business: www.valqus.com #FDI #Invest #Trade #TradeandInvest #InvestmentPromotion #Markets #Business #Accounting

Current Status and Future Trends of the Global Air Compressor Industry (2024) 🌍 Dive into the latest insights on the global air compressor industry! From a historical perspective to current market dynamics, our comprehensive analysis covers: 🔹 Market Size & Growth: Discover how the market is expected to grow from $37.8 billion in 2024 to $47.54 billion by 2029, driven by key sectors like manufacturing, construction, and energy. 🔹 Competitive Landscape: Learn about major players like Atlas Copco, Ingersoll Rand, and emerging Chinese manufacturers such as Kaishan and SAYI. See how mergers, acquisitions, and technological innovations are shaping the industry. 🔹 Product Innovations: Explore advancements in screw, centrifugal, and scroll compressors, as well as the shift towards energy-efficient and smart technologies. 🔹 Regional Insights: Understand the varying trends and demands across the Asia-Pacific, North American, and European markets. Stay ahead of the curve and read the full article for a detailed analysis! 📈 🔗https://lnkd.in/gdJpEFuJ #AirCompressor #IndustryTrends #TechnologicalInnovation

Today, we closed the second quarter and first-half of 2024. Halfway through the year, I am pleased to report that despite the geopolitical uncertainties, Aker has navigated with resilience and strategic focus. The first half of the year was marked by high activity across the Aker portfolio: Aker BP ASA delivered solid production in the first half and increased its production guidance, Cognite continued to accelerate its positive commercial development with annual recurring revenue (ARR) and monthly active users reaching record-highs, and Aker Solutions posted improved financial results for the period. We announced several important transactions and strategic partnerships during the period, demonstrating our more focused approach in creating shareholder value, as previously announced. Some of the main developments in the period included the completion of the refinancing of Solstad and establishment of Solstad Maritime, crystallizing value through the formation of a global carbon capture player in a JV between Aker Carbon Capture and SLB and realizing value through the agreement to sell Philly Shipyard to Hanwha, with expected closing in the fourth quarter. In conclusion, I am pleased with the progress Aker has made in the first half of 2024. We continue to make strides in our ambition of a more focused and concentrated Aker through strong partnerships and continued innovation. We are in a strong position with a robust portfolio ready to adapt to new opportunities and a solid industrial foundation for long-term growth. Below is a short video summery of the Q2 and first-half results. For more details, visit https://lnkd.in/d5tzuNuN #results Aker ASA

In 2023 the Saipem Group outperformed the targets of the Strategic Plan, exhibiting a year of progressive and constant growth in terms of turnover and margins, a positive cash generation and strengthening of the financial position. https://cstu.io/d02b06

This morning, we presented our second quarter and half-year results. The Net Asset Value of Aker ASA and holding companies was NOK 63.9 billion at the end of the second quarter 2024, after NOK 1.15 billion of dividends paid, compared to NOK 60.4 billion at the end of the first quarter 2024. The first half of 2024 was a dynamic period with high activity across the portfolio as Aker continued to execute on its strategy, streamline the portfolio and deliver value to shareholders.    During the first half of 2024, Aker paid a dividend of NOK 15.50 per share based on the 2023 annual accounts. This represented a total dividend distribution of NOK 1.15 billion to Aker’s shareholders.    Watch the video below for a quick summary of the second quarter and half-year results. More details and a webcast of today's presentation is available on our website www.akerasa.com. Aker BP ASA, Aker Solutions, Cognite, SLB and Aker Carbon Capture Joint Venture, Philly Shipyard, Inc.

This article discusses: In 2023, WEC reported a net income of $1.3 billion, showcasing a 5.5 percent slip in profit compared to previous years. The information was made public on February 5, 2024. The implications of this decrease and potential strategies for improvement are yet to be discussed. #WEC #Finance #ProfitLoss Considering the 5.5% decrease in WEC's profits, what measures could the company implement to alleviate this downward trend? https://lnkd.in/g5wNAeBc https://lnkd.in/gzsSkZZU ---------------------------------- Go Rogue and focus on the WHY on Energy Markets…. Rogue Edge® Members already know…. Sign up here: https://lnkd.in/gvPx5WDr About Energy Rogue: https://energyrogue.com/ Energy Rogue® provides a state of the art fundamental and technical analytics platform for the energy industry focused on Oil, Natural Gas, Power and Natural Gas Liquids. Risk ---------------------------------- If you want to learn more: 1. drop us a line at [email protected] 2. join Rogue Edge TODAY: https://lnkd.in/gvPx5WDr Disclaimer - The summary and image provided here are generated using artificial intelligence (AI) based on the content of the original article.