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Net Revenues increased by 27% to 96.6 (76.2) €m 26% fx adjusted Organic Revenue Growth (Q2'23: 1%) 33% increase in number of Software Clients to 851 (Q2'23: 642) 24% increase in Ad Impressions to 224 billion (Q2'23: 181 billion) Adjusted EBITDA increased by 37% to 29.1 (21.3) €m Structurally improved EBITDA margin of 30% (Q2'23: 28%) due to growing operating leverage Adjusted Net Debt Leverage Ratio reduced to 2.8x (June 2023: 3.2x) Adj. Net result amounted to 8.8 (Q2'23: 4.0) €m, an increase of 122% Earnings per Share of 0.04 (Q2'23: 0.01) €, an increase of 308% STOCKHOLM, SWEDEN - EQS Newswire - 12 August 2024 (08:00 CEST) - Verve Group SE ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER, Inside Information) a fast-growing, profitable digital media company that provides AI-driven advertising-software solutions, publishes a financial update in advance to the publication of its Interim Report Q2 2024 on 29 August. KEY FIGURES Q2 2024 In €m 2024 Q2 2023 Q2 Net Revenues 96.6 76.2 Y-o-Y Growth in Revenues 27% -2% EBITDA 28.1 20.0 EBITDA Margin 29% 26% Adj. EBITDA 29.1 21.3 Adj. EBITDA Margin 30% 28% EBIT 19.6 12.8 EBIT Margin 20% 17% Adj. EBIT 23.2 16.6 Adj. EBIT Margin 24% 22% Net Result 6.3 1.5 Net Result Margin 6% 2% Adj. Net Result 8.8 4.0 Adj. Net Result Margin 9% 5% FINANCIAL GUIDANCE In €m FY2023 Initial Guidance 2024 Second Guidance 2024 (post Jun) Third Guidance 2024 Revenue 322 350-370 380-400 400-420 Adj. EBITDA 95 100-110 115-125 125-135 QUOTE FROM THE CEO "With 96.6 €m revenues achieved in the second quarter, we have delivered an organic revenue growth rate of 26%. Our ability to drive higher revenues on a structurally reduced fixed costs basis enabled us to achieve improved profitability, resulting in an adj. EBITDA of 29.1 €m and an adj. EBITDA margin of 30%. Our commitment to privacy first advertising solutions which results in better outcomes for our clients is the main driver of this success. This is evidenced by a strong increase in the number of large software clients, which increased by 33% to 851 while the number of ad impressions increased by 24% to 224 billion. Based on our expanded customer reach, as well as further customer onboardings driven by our ongoing investments into privacy first targeting solutions, we expect continued robust organic growth in the years to come. As a result, we raise our Guidance 2024 to 400-420 million revenues and 125-135 million adj. EBITDA. Our growth journey has just begun..." commented Remco Westermann, CEO of Verve. The full Interim Report Q2 2024 will be published on the 29 August on Verve's corporate website at https://investors.verve.com/investor-relations/financial-reports-and-presentations/ in the Investor Relations section. Responsible parties This information constitutes inside information that Verve Group SE is obliged to make public in accordance with the (EU) Market Abuse Regulation 596/2014. The information in this press release has been made public through the agency of the responsible person set out below for publication at the time stated by Verve's news distributor EQS Newswire at the publication of this press release. The responsible person below may be contacted for further information. Hashtag: #Verve The issuer is solely responsible for the content of this announcement.About VerveVerve ("Verve" or the "Company", ISIN: SE0018538068; ticker: VER / M8G) is a fast-growing, profitable digital media company that provides AI-driven ad-software solutions. Verve matches global advertiser demand with publisher ad-supply, enhancing results through first-party data from its own content. Aligned with our mission, "Let's make media better," the company focuses on enabling better outcomes for brands, agencies, and publishers with responsible advertising solutions, with an emphasis on emerging media channels. Verve's main operational presence is in North America and Europe, and it is registered as a Societas Europaea in Sweden (registration number 517100-0143). Its shares are listed on the Nasdaq First North Premier Growth Market in Stockholm and the Scale segment of the Frankfurt Stock Exchange. The company has two secured bonds listed on Nasdaq Stockholm and the Frankfurt Stock Exchange Open Market. Verve's certified advisor on the Nasdaq First North Premier Growth Market is FNCA Sweden AB; contact info: info@fnca.se. www.investors.verve.com Forward-looking statements This release contains forward-looking statements that reflect the Company's intentions, beliefs, or current expectations about and targets for the Company's and the group's future results of operations, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company and the group operates. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "expect", "anticipate", "intend", "may", "plan", "estimate", "will", "should", "could", "aim" or "might", or, in each case, their negative, or similar expressions. The forward-looking statements in this release, including the pro-forma financial figures addressed therein, are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that the expectations reflected in these forward-looking statements and pro-forma financial numbers are reasonable it can give no assurances that they will materialize or prove to be correct. Because these statements are based on assumptions or estimates and are subject to risks and uncertainties, the actual results or outcome could differ materially from those set out in the forward-looking statements as a result of many factors. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The Company does not guarantee that the assumptions underlying the forward-looking statements in this release (including the pro-forma financial figures) are free from errors and readers of this release should not place undue reliance on the forward-looking statements in this release. The information, opinions and forward-looking statements that are expressly or implicitly contained herein speak only as of its date and are subject to change without notice. Neither the Company nor anyone else undertake to review, update, confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this release, unless it is so required by law or applicable stock exchange rules.
Net Profit Exceeds RMB10 Billion for the First Time with Diversified Synergistic Business PresenceSHENZHEN, CHINA - Media OutReach Newswire - 30 April 2024 - On April 24th, Luxshare Precision unveiled its 2023 annual results, 2024 first-quarter financial figures and 2024 interim results forecast together, which brings positive market feedback due to its consistent improved profitability. With those eye-catching financial figures, Luxshare Precision's stock price climbed over 5% intraday, with a total daily turnover surpassing RMB3.5 billion. Over the week, the company's stock price increased by more than 9%. According to the annual report, Luxshare Precision's 2023 operating revenue achieved approximately RMB231.91 billion, representing a year-on-year increase of 8.35%. Net profit attributable to shareholders of the listed company exceeded RMB10 billion for the first time to RMB10.95 billion, representing a year-on-year increase of 19.53%. In the first quarter of 2024, Luxshare Precision achieved operating revenue of approximately RMB52.41 billion, representing a year-on-year increase of 4.93%. Net profit attributable to shareholders of the listed company was about RMB2.47 billion, representing a year-on-year increase of 22.45%. Meanwhile, Luxshare Precision announced an impressive performance forecast in terms of its net profit for the first half of 2024 with an increase of 20%-25% year-on-year. The consumer electronics, the key business segment which accounted for 85% of Luxshare Precision's annual operating revenue, recorded a year-on-year increase of 9.75% to RMB197.18 billion. Over the past year, Luxshare Precision has continued to deepen cooperation with its major customers to enhance its position in the industry chain. By leveraging its vertical integration and efficient collaborative capabilities in components, modules and systematic solutions, Luxshare Precision has kept expanding its shares in the supply chain of major customers and continues to play a significant role in the supply chain for products such as iPhone, AirPods, and Apple Watch. Also, Luxshare Precision has become the exclusive supplier for the Vision Pro, which is the first spatial computing device of Apple. At the end of 2023, Luxshare Precision acquired a 62.5% stake in Pegaglobe (Kunshan) Co., Ltd. for RMB2.1 billion (about US$300 million). This acquisition is expected to broaden Luxshare Precision's business cooperation with Apple. After the transaction, Luxshare Precision's share of mobile phones is expected to reach nearly 40%, with iPhone shipments in 2024 projected to double. Analyst from Wall Street investment firm Wedbush anticipates that, the iPhone 16, set to launch in September this year, will feature AI intelligence. As a key iPhone supplier and the main supplier for the iPhone 16 Pro Max in the latter half of the year, Luxshare Precision is expected to benefit significantly from market recovery and new model releases. In March, NVIDIA unveiled the DGX GB200 NVL 72 at the GTC 2024 conference, spotlighting "copper interconnections", a core product of Luxshare Precision's communication business. Luxshare Precision currently utilizes self-developed and self-produced Optamax ultra-low-loss, anti-bending high-speed bare wire technology, and offers high-speed copper cable products such as DAC and ACC. Along with the company's optical interconnection and thermal management products, Luxshare Precision offers comprehensive solutions for high-speed interconnection, earning recognition from top global customers. Luxshare Precision's communication business revenue in 2023 was RMB14.538 billion, representing a 13.28% year-on-year increase. During the conference call, the management of Luxshare Precision highlighted that in addition to growth in major customer product lines, the company has also seen success in segmented product areas. For Audio products, the company provides ODM products to various large-scale customers worldwide, and has strong vertical integration capabilities within the industry, bringing substantial margin benefits. Additionally, product lines like the Thunderbolt can also make contribution to the company's overall growth. Hashtag: #LuxsharePrecisionThe issuer is solely responsible for the content of this announcement.
SHANGHAI, April 3, 2024 /PRNewswire/ -- Atour Lifestyle Holdings Limited (NASDAQ: ATAT), a leading hospitality and lifestyle company in China, reported robust growth in 2023 fueled by a rebound in domestic travel and its focus on experience-led offerings. The company announced on its unaudited financial results on March 28,2024 for the fourth quarter and full year ended December 31, 2023. Net revenues for full year 2023 increased by 106.2% year-over-year to RMB4,666 million (US$657 million), compared with RMB2,263 million for full year 2022. For full year 2023, adjusted net income (non-GAAP) was RMB903 million (US$127 million), representing an increase of 248.3% year-over-year compared with RMB259 million for full year 2022. Atour, a trailblazer in the "lifestyle hotel" category, prioritizes delivering tailored, high-quality experiences for diverse consumers and scenarios. This commitment has earned it the trust and preference of both consumers and partners alike. "We are pleased to deliver strong full-year results for 2023, as well as significant progress towards our goal to operate a nationwide network of 2,000 premier hotels by 2025 and establish the 'Chinese Experience' as the industry benchmark," said Mr. Haijun Wang, Founder, Chairman and CEO of Atour. Beyond an uptake in financial figures, Atour also saw major business metrics rise rapidly in 2023. In 2023, the average revenue per available room (RevPAR) and average daily rate (ADR) of Atour hotels have both exceeded the levels for the same period in 2019, reaching RMB377 and RMB464, up 44% and 19% year-over-year respectively. The occupancy rate (OCC) for full year 2023, which stood at 77.8%, has recovered to 106.0% of 2019's level. Atour logged 576 new hotel signings in 2023, further bolstering its iconic "Chinese Experience, 2,000 Premier Hotels" strategy, whereby the hotel chain looks to operate 2,000 hotels by 2025. As of December 31, 2023, Atour had 1,210 hotels in operation across its network, representing a year-on-year growth of 29.8%. Concurrently, there were 617 manachised hotels under development in its pipeline. In 2023, the domestic tourism market in China continued to regain its vigor. Data from the Ministry of Culture and Tourism shows that domestic travelers made 4.89 billion trips throughout the year, up 93.3% year on year, while tourist spending totaled RMB4.91 trillion, a staggering 140.3% increase over the previous year. Amid the post-pandemic recovery, the tourism market is reverting to pre-pandemic levels, fueling a surge in demand for personalized experiences as well as an upgrade within the hospitality sector. Atour has led this transformation, capitalizing on its advantages in product innovation, operations, and digitalization. In line with its differentiation strategy , Atour introduced Atour Light 3.0 in February 2023, a midscale offering that not only meets consumers' desire for quality accommodations and unique experiences, but also demonstrates its exceptional value proposition compared to similar brands in the industry. Since its launch, Atour Light 3.0 has garnered 27 new hotel signings in the fourth quarter of 2023, with 25 already in operation. Strategically located in central business districts of second-tier cities and above, these hotels enhance Atour's accessibility to China's young business travelers and vacationers. Additionally, the introduction of Atour 4.0 "With Nature", a flagship upper midscale hotel brand, underscores the company's multi-brand, experience-centric approach. Atour 4.0 caters to both travelers and leisure vacationers, offering combined leisure and business facilities. Since its debut in November 2023, the first batch of hotel signings have been completed in major domestic cities and business districts, with the first establishment scheduled to open in the first half of 2024. To attract and retain members, Atour has enhanced its A-CARD membership system with additional high-value benefits, appealing particularly to younger demographics. These benefits span retail, dining, culture, arts, and sports, complementing the existing loyalty program. As of December 31, 2023, the number of registered members has surpassed 63 million, up 78% year-over-year. In broadening its product and market scope, Atour intents on exploring new opportunities in the retail sector. Drawing insights from guest feedback, it has introduced a line of deep-sleep-inspired amenities. This scenario-based retail business generated RMB1.14 billion in GMV for full year 2023, marking a 298.3% year-over-year increase. Among the merchandise, cumulative sales of Atour's best-selling Deep Sleep Pillow PRO hit 1.2 million units, while consumers snapped up more than 100,000 Deep Sleep Temperature Control Quilts. The spike in sales underscores Atour's ability to meet real user needs, enabling it to expand its competitive edge in the mid- to high-end price segments. From sleep-related products to other categories, its innovative approach has supplied the hospitality industry with a recipe for success. Atour's digital capabilities underpin a seamless online-to-offline shopping experience, enhancing user satisfaction and unlocking greater potential for business growth. This integrated model promises to drive the company's long-term development, as the hotel and retail businesses tend to strengthen each other. Looking ahead to the 11th year since its founding, Atour remains committed to enhancing its "Chinese Experience, 2,000 Premier Hotels" strategy and delivering more lifestyle innovations to customers. It also looks to collaborate with partners to push the boundaries in China's hospitality industry and celebrate success together. About Atour Lifestyle Holdings Limited Atour Lifestyle Holdings Limited (NASDAQ: ATAT) is a leading hospitality and lifestyle company in China, with a distinct portfolio of lifestyle hotel brands. Atour is the leading upper midscale hotel chain in China and is the first Chinese hotel chain to develop a scenario-based retail business. Atour is committed to bringing innovations to China's hospitality industry and building new lifestyle brands around hotel offerings.
2023 Annual Results Summary and Highlights: Total revenue was RMB198.2 billion, representing a year-on-year increase of 8.6%; Industrial operation profit reached RMB4.9 billion, representing a year-on-year increase of 20%; profit attributable to owners of the parent was RMB1.38 billion; Overseas revenue was RMB89.2 billion, representing a year-on-year increase of 6%, accounting for 45% of total revenue, with business presence covering more than 35 countries and regions; Investment in technology innovation was RMB7.4 billion, representing a year-on-year increase of 14%; Interest-bearing debt at the group level decreased by RMB 9.2 billion compared with the end of 2022, consolidated interest-bearing debt decreased by RMB 15 billion; Focus on "Deep mining" and continue to develop the industries where it boasts clear competitive advantages, stable profit growth as the core objective of future operations, dividends will increase gradually. HONG KONG, March 27, 2024 /PRNewswire/ -- Fosun International Limited (HKEX stock code: 00656, "Fosun International"), together with its subsidiaries ("Fosun" or the "Group"), today announced its annual results for the year ended 31 December 2023 (the "Reporting Period"). In 2023, Fosun continued to implement core business-focused strategy and improve its operating capabilities in advantageous industries. During the Reporting Period, the Group achieved a total revenue of RMB198.2 billion, representing a year-on-year increase of 8.6%. Thanks to the Group's global business presence and continuous innovation, industrial operation profit reached RMB4.9 billion, representing a year-on-year increase of 20%. The profit attributable to owners of the parent was RMB1.38 billion. Total revenue of the four core subsidiaries, namely Yuyuan, Fosun Pharma, Fosun Insurance Portugal and Fosun Tourism Group (FTG), was RMB142.69 billion, representing a year-on-year increase of 8%, contributing 72% of the revenue. The Group's business foundation is solid and stable. Fosun has continued to optimize its debt structure and strengthen liquidity management to prepare for the next phase of steady development. As at the end of the Reporting Period, the consolidated interest-bearing debt decreased by RMB15 billion, interest-bearing debt at the group level decreased by RMB9.2 billion compared with the end of 2022, total debt continued to reduce both at consolidated statements of the Group and at the Group level. The total debt-to-asset ratio at the consolidated statements of the Group stood at 50.4%, representing a decrease of 2.9 percentage points from 31 December 2022. In May 2023, the international credit agency S&P raised Fosun's rating outlook to "stable", recognizing Fosun's financial strategy and the sustainability of future development. Guo Guangchang, Chairman of Fosun International, stated, "After more than a decade of efforts, Fosun has gradually completed its global expansion and industrial business presence, anchoring itself in the household consumption sector, Fosun's industry operations strategy has also evolved from 'prospecting' and 'exploration' across various industries and locations worldwide to 'deep mining' (which means focusing on the development of our core industries) and 'developing good mines' (which means tapping into industries with high value-added development and growth potential). We will continue to focus on core businesses, leveraging our unique strengths to enhance our capabilities and strengthen our foundation, and actively invest and expand in advantageous sectors, taking stable profit growth as the core objective." "Deep mining" to deepen global operations In 2023, Fosun's four core subsidiaries continued to focus on business and enhance operational capabilities, and saw significant revenue growth. Yuyuan's jewlery & fashion group revenue reached RMB36.7 billion, representing a year-on-year increase of 11%. Shanghai Henlius achieved the first full-year profits and operating revenue of RMB5.39 billion, representing a year-on-year increase of 67.8%. Club Med, the leading global resort brand under FTG, business performance hit record high. Its business volume reached RMB15.12 billion, representing a year-on-year increase of 19%. Atlantis Sanya's business volume reached RMB1.68 billion, representing a substantial year-on-year increase of 91%. Fosun Insurance Portugal maintained its local leadership with 30% market share of the Portuguese market through its high-quality services. Since Fosun International's listing in Hong Kong in 2007, Fosun's globalization journey has spanned nearly 17 years. It now has established business presence in over 35 countries and regions. Its "global organization + local operations" model has become increasingly mature. In 2023, Fosun's overseas revenue reached RMB89.2 billion, representing a year-on-year growth of 6% and accounting for 45% of the total revenue. HANQUYOU (trastuzumab injection), independently developed and produced by Shanghai Henlius, has been approved for marketing in more than 40 countries and regions worldwide, making it the domestically-produced biosimilar drug with the highest number of market approvals. In December 2023, Shanghai Henlius' first innovative drug HANSIZHUANG (serplulimab injection) was approved for marketing in Indonesia, becoming the first domestically-produced anti-PD-1 monoclonal antibody successfully approved for marketing in a Southeast Asian country. In the happiness sector, as of the end of 2023, Club Med had sales and marketing operations in more than 40 countries and regions across six continents, and operated 68 resorts (including 10 resorts in China). The Yuyuan Garden Lantern Festival, a national intangible cultural heritage event that has been held for 29 consecutive years, successfully made its overseas debut in Paris, France, attracting nearly 200,000 local visitors, further enhancing its globalization capabilities. The 2023 Fosun Family Season campaign carried out joint marketing with over 60 domestic and overseas brands of the Group, created new scenes and immersive experiences, and launched more than 80 products related to the Year of the Dragon's theme. In the wealth sector, Fosun Insurance Portugal continued to expand its presence in overseas markets such as South America and Africa. Its international business reported a premium revenue of EUR1.70 billion, representing a year-on-year increase of 11%. Hainan Mining in the intelligent manufacturing sector completed its investment in KOD and KMUK, and obtained a controlling stake in the lithium mine asset of Bougouni in Mali, Africa. The new energy industry layout and internationalization strategy have taken a critical step. Technology innovation to drive new growth Technology innovation serves as another core driver for Fosun's development. During the Reporting Period, the Group's total investment in technology innovation amounted to RMB7.4 billion, representing a year-on-year increase of 14%. Continuous investment in technology innovation has led to the continuous optimization of Fosun Pharma's product mix, with several new products and indications being approved and launched. HANSIZHUANG (serplulimab injection), the world's first anti-PD-1 monoclonal antibody approved for first-line treatment of small cell lung cancer (SCLC) developed independently has been approved for four indications, benefiting more than 60,000 patients since its launch; the second-generation artesunate for injection (Argesun®) was prequalified by the World Health Organization (WHO-PQ), becoming the first injectable artesunate presented with a single solvent system approved by WHO-PQ, greatly improving the convenience of clinical use. Since its launch more than two years ago, China's first CAR-T cell therapy product, Yi Kai Da (ejilunsai injection), developed by Fosun Kite, has been used to treat more than 600 patients with relapsed or refractory large B-cell lymphoma (r/r DLBCL), has received conditional approval from the National Medical Products Administration (NMPA) for a new second-line indication, bringing more treatment options and hope for Chinese lymphoma patients. Intuitive Fosun's domestic Da Vinci Xi Surgical System was successfully approved by the NMPA and officially commenced production. Da Vinci Xi Surgical System has been installed in China, realizing "made in China, joint research & development, global sales". MyFidelidade App launched by Fosun Insurance Portugal has surpassed 1.6 million registered users (exceeding 15% of Portugal's total population), In addition, the number of telemedicine services reached close to 2 million tele-consultations, of which the online consultation rate for serious diseases was 41%. Enhance asset-light operational capabilities After more than 30 years of development, Fosun has accumulated profound operational capabilities. Through asset securitization and exit of bulk assets, as well as promoting industrial funds to help industry achieves 'multiplier growth', asset-light operation achieved remarkable results. In March 2024, Fosun Pharma, together with seven investors including Shenzhen FoF planned to jointly establish a RMB5.0 billion biopharmaceutical fund, with the entire raised funds to be invested in fields of biopharmaceuticals, cells, and genes. Shanghai Rehabilitation Equity Investment Fund Management Co., Ltd., a subsidiary of Fosun Pharma, won the bid through the public selection process in Shenzhen to exclusively manage the biopharmaceutical fund, demonstrating the greater recognition of Fosun's global technology innovation capabilities and profound industrial operational capabilities. FTG has leveraged its operational strengths and achieved full recovery in global business performance, business volume reached RMB17.15 billion for the year, representing a year-on-year increase of 24.5%. Its profit attributable to equity holders turned around to RMB0.31 billion. During the Reporting Period, the revenue structure was optimized, and 93% of the revenue came from its resort operations. With the improved asset-light operational capabilities, FTG launched its new product line successively. Urban vacations in the Chinese market have opened up a new track. Two resorts - Club Med Urban Oasis Nanjing Xianlin Resort and Taicang Alps Resort are opened in 2023. Looking ahead to 2024, Fosun will focus more on enhancing asset-light operational capabilities and seizing development opportunities. Guo Guangchang, Chairman of Fosun International, said, "In the future, we will continue to focus on core businesses, leveraging our unique strengths to enhance our capabilities and strengthen our foundation, and actively invest and expand in advantageous sectors. Through forward-looking planning, we will deeply explore the capabilities and value of the Fosun ecosystem, endeavoring to create more good products and services for one billion families worldwide." Business for Good, ESG efforts continues to enhance As of the end of the Reporting Period, Fosun maintained an MSCI ESG rating of AA and was the only conglomerate in Greater China with such rating. Its HSI ESG rating was upgraded to AA- and it was selected as a constituent stock of the Hang Seng Corporate Sustainability Index for the first time. It also consistently improved its FTSE Russell ESG rating and was selected as a constituent stock of the FTSE4Good Index Series. In addition, Fosun was included in S&P Global's Sustainability Yearbook 2024 and recognized as an Industry Mover. In April 2023, Fosun issued its first Task Force on Climate-Related Financial Disclosures (TCFD) report, demonstrating its commitment to climate action to the international community. In addition, Fosun successfully converted a syndicated loan into a sustainability-linked loan, marking its implementation of green financing. Fosun remains committed to its original aspiration of developing business for good and prioritizing the needs of its customers, while upholding its corporate value of "Contribution to Society". Over the past seven years, Fosun has continued to carry out the Rural Doctors Program, which has covered 78 key rural revitalization counties across the country, supporting 25,000 rural doctors and benefiting 3 million grassroots families. Through incentive mechanisms, Fosun aims to attract more individuals to join the team of rural doctors and guide and nurture more healthcare professionals at the grassroots level. Full details of the 2023 annual results announcement of Fosun International can be found on the Company's website (www.fosun.com) and on the website of the Hong Kong Stock Exchange. Fosun International 2023 annual results presentation will be held on 28 March 2024, from 10:00 to 16:00. The management will introduce the key financial performance and strategic outlook of the Group. The live webcast is available in the links below. The latest PPT presentation of the Company is also available for download on Fosun's website. Chinese live webcast: https://fosun.dajun.tv:8443/live/q.do?roomCode=23147265 English live webcast: https://fosun.dajun.tv:8443/live/q.do?roomCode=21127128 About Fosun Fosun was founded in 1992. After more than 30 years of development, Fosun has become a global innovation-driven consumer group. Adhering to the mission of creating happier lives for families worldwide, Fosun is committed to creating a global happiness ecosystem fulfilling the needs of one billion families in health, happiness and wealth. In 2007, Fosun International Limited was listed on the main board of the Hong Kong Stock Exchange (stock code: 00656.HK). As of 31 December 2023, Fosun International's total assets amounted to RMB808.4 billion; it received an AA MSCI ESG rating and was the only conglomerate in Greater China with such rating. Cautionary Statement Regarding Forward-Looking Statements This press release includes forward-looking statements. All statements, other than statements of historical facts, that address activities, events or developments that Fosun International Limited (the "Company") expects or anticipates will or may occur in the future (including but not limited to projections, targets, estimates and business plans) are forward-looking statements. The Company's actual results or developments may differ materially from those indicated by these forward-looking statements as a result of various factors and uncertainties, and other risks and factors beyond our control. In addition, the Company makes the forward-looking statements referred to herein as of today and undertakes no obligation to update these statements. The 2023 annual financial figures in this press release are calculated using the average exchange rate for the Reporting Period from January to December 2023 (USD/CNY=7.04310, HKD/CNY=0.89971, EUR/CNY=7.63524), and period-end exchange rate as of 31 December 2023 (USD/CNY=7.08270, HKD/CNY=0.90620, EUR/CNY=7.85920), unless otherwise stated.
e& crowned as the fastest growing tech brand in MEA region e& most valuable brand portfolio in MEA, touching $17 billion in brand value etisalat by e& ranked no.1 and the strongest telecom brand globally (AAA rating) etisalat by e& strongest brand in MEA across all categories ABU DHABI, UAE, Jan. 17, 2024 /PRNewswire/ -- With the successful transformation of e& to a technology group, e& has flourished into a leader of Middle Eastern and African (MEA) brands. The 2024 Brand Finance Global 500 Report unveiled at the World Economic Forum (WEF) in Davos today confirmed e& as MEA's Fastest Growing Technology Brand and the most valuable brand portfolio in MEA. Hatem Dowidar, GCEO of e& The annual report on the world's most valuable and strongest brands highlighted e&'s evolution into a global technology and investment group fuelled by a performance that saw its brand portfolio skyrocket to US$17 billion in 2024. The 15 per cent increase from last year solidifies stakeholder confidence and cements e&'s position as the Most Valuable Brand Portfolio in Middle East & Africa 2024. Hatem Dowidar, GCEO of e&, said: "The renewed endorsement from Brand Finance is yet another sign of the successful transformation of the company into a global technology group. We launched the e& brand only two years ago, and it is wonderful to see the brand's vitality and strength in the technology sector in MEA after such a short period. We are also similarly delighted with etisalat by e& being ranked as the strongest telecom brand in the world. Great achievements now, and of course this only increases our aspirations for the future." e&'s evolution from telecom brand leader to MEA's fastest-growing tech brand underscores the progress of the Group's transformation. Dowidar said that to better serve the needs of its diverse customers, e& has a lot more in store as it continues to roll out innovations and strengthen its position in emerging technologies such as AI, IoT, and cloud computing. In addition to the accolades e& received, the Group's CEO, Hatem Dowidar, has also been recognised by Brand Finance as the number one ranked telecom leader globally on the Brand Guardianship Index 2024. etisalat by e& - No. 1 and Strongest Telecom Brand in the World 2024 In addition, Brand Finance named etisalat by e&, the Group's telecom pillar, the Strongest Telecom Brand in the World 2024, with a BSI score of 89.4 out of 100, resulting in AAA rating. etisalat by e& also preserved its leading position as the Strongest Brand in MEA for the fourth year across all categories. etisalat by e& is today among the top 20 strongest brands globally. David Haigh, CEO, Brand Finance, said: "e& has been on a journey of reinvention, guided by Mr. Dowidar's expertise and experience. Transforming an organisation with almost 50 years of heritage is no easy task, but he has shown not only a keen understanding of the business itself, but also how important a brand can be in facilitating a change. By evolving the historic etisalat brand into a tech organisation with global aspirations, Mr Dowidar is setting the group up for another 50 years of success." Brand Finance is the world's leading brand valuation consultancy. Bridging the gap between marketing and finance for more than 25 years, it evaluates the strength of brands and quantifies their financial value to help organisations of all kinds make strategic decisions. Every year, Brand Finance conducts more than 5,000 brand valuations, supported by original market research, and publishes over 100 reports that rank brands across all sectors and countries. About e& e& is one of the leading technology groups in the world. Boasting impressive financial figures for 2022, with consolidated net revenue reaching a staggering AED 52.4 billion and consolidated net profit surging to AED 10 billion, the Group's impeccable credit ratings reflect its strong balance sheet and track record of sustained success. Founded in Abu Dhabi over 48 years ago, the Group has a rich legacy as the pioneer in telecommunications in the UAE. Today, its footprint spans 20 countries across the Middle East, Asia, and Africa, making it a leading player in the industry. Innovation is ingrained in e&'s DNA to create an unbreakable bond between communities using cutting-edge digital solutions, smart connectivity, and advanced technologies. The Group has designed five strong business pillars that address various customer segments: etisalat by e&, e& international, e& life, e& enterprise, and e& capital. Through these pillars, we strive to revolutionise the way people communicate, work, and live by providing unparalleled services and exceptional experiences. At e&, we are committed to pushing the boundaries of what is possible and delivering measurable results that make a difference in people's lives. To learn more about e&, please visit: https://eand.com/ CONTACT: Nancy Sudheer, Email: nsudheer@eand.com, Mobile: 00971505660616 Brand Finance Awards Infographic
LYSAKER, Norway, Nov. 15, 2023 /PRNewswire/ -- The enclosed document serves as additional information to Aker Horizons' Half-Year Report for 2023. The attached Note 8 replaces the previously reported note and provides further elaboration and sensitivity analyses pertaining to key assumptions as of 30 June 2023. The updated note is presented as a result of correspondence with the Norwegian Financial Supervisory Authority. There have been no alterations to the reported financial figures. The additional information represents public information and should be read in conjunction with the Half-Year Report 2023, approved by the Board of Directors on 12 July 2023, published on 13 July 2023. Ends For further information, please contact: Marianne Stigset, Communications, Tel: +47 41 18 84 82, marianne.stigset@akerhorizons.com Stian Andreassen, Investor Relations, +47 41 64 31 07, stian.andreassen@akerhorizons.com The following files are available for download: https://mb.cision.com/Public/20659/3875857/b26cd35e8bebfc34.pdf Attachment to Notice Note 8 to Aker Horizons Half-Year Report 2023
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