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101. Funding orphan medicinal products beyond price: sustaining an ecosystem.

Author

de Sola-Morales, Oriol

Subjects
ORPHAN drugs, INDIVIDUALIZED medicine, DRUG laws, DRUG prices, EBITDA (Accounting)
Abstract

The article offers information on the need of the orphan medicinal products legislation in the U.S. It discusses the policy and political implications of funding the therapies in the advent of increasing personalized medicine. It mentions the laws for the regulation of the drug prices in the U.S. along with analysis of the EBITDA of a sample of orphan medicinal products dedicated companies.

Published
2019
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103. Competitiveness and Business Performance in the Portuguese Hotel Industry.

Author

Costa, Vânia and Costa, Carlos

Subjects
ORGANIZATIONAL performance, TOURISM, FINANCIAL statements, ECONOMIC activity, EBITDA (Accounting)
Abstract

The growing importance of the tourism sector in the Portuguese economy makes it critical the assessment of its financial achievements and the competitive advantages of this sector (Bank of Portugal, 2016). Over the past few decades the competitiveness has been growing interest in international research into tourism in general and particularly in hospitality. The main aim of this research is to analyze the economic and financial achievement of the hotel sector as well as find out its financial potential. So, and bearing in mind the goal of this paper, the methodology used was based on the collection of data relating to a selection of the companies with the Portuguese classification of economic activities (CEA) 55 -- Accommodation, in 2017, a whole of 6.792 companies. The economic and financial information was collected from balance sheets and financial reports of 2007 to 2016, through SABI (Iberian Balance Sheet Analysis System) database. Furthermore, we analyze the differences in financial ratios of hotels and other tourism companies and statistical significance test were applied to test the existence of statistically significant differences between this two groups of companies. The indicators of corporate performance under consideration are Return on Assets (ROA), Return on Equity (ROE), Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA), Business Volume (BV); Gross Value Added (GVA), Apparent Labor Productivity (ALP), General Liquidity (LG), Solvency (SLV) and Financial Autonomy (FAUT). The examination of the economic and financial performance of the hotel sector allows, through the evolution of its indicators, to highlight the main strengths and weaknesses of this sector. This examination is shown to be crucial in defining the strategy of the sector, both from the point of view of investors and hotel managers and government tourism policymakers. We conclude that most of the variables present statistically significant differences comparing the results between the accommodation and the other tourist activities. [ABSTRACT FROM AUTHOR]

Published
2019

104. Bialetti rutscht tiefer in die roten Zahlen: Halbjahresabschluss wird nicht testiert – Zweifel an Fortführungsfähigkeit des Unternehmens.

Author

Ralf, Bender

Subjects
CONSOLIDATED financial statements, FINANCIAL stress, NET losses, HOME furnishings, EBITDA (Accounting), MANUFACTURING industries
Abstract

Copyright of Lebensmittel Zeitung is the property of dfv Mediengruppe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2024
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105. TreeHouse Foods slashes sales growth outlook in wake of snacks bar disposal.

Author

Harvey, Simon

Subjects
SNACK bars, SALES forecasting, SALES statistics, FOOD industry, RETAIL industry, HOUSE brands, EBITDA (Accounting)
Abstract

Keywords: Savoury Snacks; Shelf-stable; News; TreeHouse Foods EN Savoury Snacks Shelf-stable News TreeHouse Foods N.PAG N.PAG 1 11/09/23 20231107 NES 231107 TreeHouse Foods has almost halved this year's sales growth target following the disposal of its private-label snack bar business. The largest own-label supplier in the US said the divestiture to John B. Sanfilippo & Son - announced in September along with a factory in Minnesota - would cut TreeHouse Foods' annual sales by around $160m. [Extracted from the article]

Published
2023

106. C.H. Guenther names ex High Liner boss Rod Hepponstall as its next CEO.

Author

Racz, Eszter

Subjects
FOOD industry, CHIEF executive officers, RETAIL industry, EBITDA (Accounting), CONSUMERS
Abstract

Keywords: Bakery and Cereal; Frozen; Shelf-stable; News; High Liner Foods EN Bakery and Cereal Frozen Shelf-stable News High Liner Foods N.PAG N.PAG 1 10/26/23 20231024 NES 231024 US-based C.H. Guenther & Son (CHG) has announced the appointment of experienced CPG executive Rod Hepponstall as CEO, effective from 6 November. Dale Tremblay, chairman of CHG, added: "Rod is the right leader to guide CHG's next chapter. [Extracted from the article]

Published
2023

107. J.M. Smucker rebuffs concerns over indulgent snacks in wake of Hostess buy.

Author

Harvey, Simon

Subjects
SNACK foods, SWEETNESS (Taste), FOOD industry, EBITDA (Accounting), BAKED products
Abstract

Keywords: Bakery and Cereal; Savoury Snacks; News; Hostess Brands; J.M. Smucker EN Bakery and Cereal Savoury Snacks News Hostess Brands J.M. Smucker N.PAG N.PAG 1 09/14/23 20230912 NES 230912 J.M. Smucker's chief has batted back concerns over the prospects for indulgent snacks after the US food manufacturer inked a deal for sweet baked goods maker Hostess Brands. Hostess is expected to continue its mid-single-digit growth, which compares to Smucker's anticipated low-single-digit pace in the year ending December, but net debt will rise to about $8.6bn, or an adjusted EBITDA ratio of 4.4 times. [Extracted from the article]

Published
2023

108. GV reports improved margins on slightly lower sales in Q1.

Subjects
BUSINESS revenue, COVID-19 pandemic, EBITDA (Accounting), COST control
Abstract

The article reported that GrandVision posted a decline in its revenue in the first quarter of 2021 due to Covid-19 pandemic. It mentions that the retail group almost doubled its EBITDA over the same period due to an overall improved product mix, continued cost controls, increasing online sales and improvements in the Nordics, Great Britain, Switzerland and the U.S.

Published
2021

109. Private Equity Investoren & Investmentbanken nehmen EMSler unter die Lupe: Outside-In-Sicht auf die EMS-Branche.

Subjects
INVESTORS, CAPITAL intensity, FRAGMENTED landscapes, BUSINESS revenue, INVESTMENT banking, EBITDA (Accounting)
Abstract

Copyright of Productronic is the property of Dokumentations- und Informationszentrum (DIZ) Munchen GmbH and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2023

110. Jahresbilanz: Matches: Verluste steigen, aber es gibt Hoffnung.

Author

Diehl-Wobbe, Elsbeth

Subjects
CONSUMERS, BUSINESS revenue, LUXURIES, EBITDA (Accounting), COST control, FINANCIAL planning, BRAND name products
Abstract

Copyright of TextilWirtschaft Online is the property of dfv Mediengruppe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2023

113. BUSINESS VALUATION DATA SPOTLIGHT.

Subjects
BUSINESS valuation, ECONOMIC forecasting, UNITED States economy, EBITDA (Accounting), GAS well drilling, SERVICE industries
Published
2022

117. Diferencias en el proceso de elaboración de ratios e INDICADORES financieros: los casos del EBITDA y del EBITDAC.

Author

Villacorta Hernández, Miguel Ángel

Subjects
ECONOMIC indicators, EBITDA (Accounting), FINANCIAL performance, ACCOUNTING, TAXATION
Abstract

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2020

118. CONTABILIZACIóN: de un plan de pagos basados en acciones para empleados (Equity Settled).

Author

Díaz, José Morales and Ramírez, Constancio Zamora

Subjects
EMPLOYEE stock options, EMPLOYEE ownership, STOCK options, EBITDA (Accounting), FINANCIAL performance
Abstract

Copyright of Técnica Contable y Financiera is the property of Wolters Kluwer Espana and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2020

120. Die Verfassungswidrigkeit des anteiligen Untergangs von Verlustvorträgen beim übertragenden Rechtsträger nach einer Abspaltung (§ 15 Abs. 3 UmwStG).

Author

Mylich, Falk

Subjects
TAXATION of business losses, CORPORATE reorganization laws, TAXATION of corporate divestitures, EBITDA (Accounting), VALUATION of corporations
Abstract

The article discusses the regulation of Section 15 (3) of Umwandlungssteuergesetz (UmwStG) business reorganization tax law in Germany and its impact on the partial fall in loss carry forwards at the transferring legal entity after a spin-off in Germany. It mentions interest carry forwards and the EBITDA carry forward the principle of financial performance. It also mentions that UmwStG privileges meaningful restructuring through the right to set the fair value to continue the book value.

Published
2019
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121. Is Financial Reporting Still Useful? Australian Evidence.

Author

Davern, Michael, Gyles, Nikole, Hanlon, Dean, and Pinnuck, Matthew

Subjects
FINANCIAL statements, INVESTORS, DECISION making in investments, VALUATION of corporations, EBITDA (Accounting)
Abstract

There has been recent and growing criticism of the usefulness of financial reporting for investors, particularly the annual financial statements. In response, the IASB is pursuing several projects aimed at improving the relevance of financial information. To inform the IASB's work, we investigate, using a mixed‐method approach, the extent and nature of the use of annual financial statements by equity investors. We examine the relevance of financial reporting for equity valuation in Australia across time. We find that financial reporting (specifically, reported net income, shareholders' equity, and operating cash flows) remains relevant for investment decisions. We further support this finding with evidence from field interviews that provide insight into how and why financial statements are used by equity investors. The field evidence also demonstrates that no one financial statement dominates in investor decision making. Given the increasing availability of more timely, forward‐looking information from alternative sources, we examine the relevance of non‐GAAP financial information and other non‐financial information for investor decision making. We find that non‐GAAP financial information (as proxied by EBIT and EBITDA) is more value relevant than statutory measures. We further find a broad range of non‐financial information is utilized by investors in making investment decisions both as a 'screen' and for valuation purposes. Our findings inform regulators and other stakeholders as we provide evidence of the continuing relevance of financial statements and the complementary role of non‐GAAP financial and other information. Our evidence provides a rebuttal to the recent criticism. [ABSTRACT FROM AUTHOR]

Published
2019
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122. The Prevalence and Validity of EBITDA as a Performance Measure.

Author

BOUWENS, Jan, DE KOK, Ties, and VERRIEST, Arnt

Subjects
EBITDA (Accounting), ASSET management, INFORMATION retrieval
Abstract

Copyright of Accounting Auditing Control / Comptabilité Contrôle Audit (English Edition) is the property of Association Francophone de Comptabilite c/o Solle and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Published
2019
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124. Empirical evidence of risk shifting in bonds and debt-based sukuk.

Author

Hamzah, Siti Raihana, Ismath Bacha, Obiyathulla, Mirakhor, Abbas, and Abdul Kader Malim, Nurhafiza

Subjects
EBITDA (Accounting), ISLAMIC bonds
Abstract

Purpose The purpose of this paper is to examine the extent of risk shifting behavior in bonds and sukuk. The examination is significant, as economists and scholars identify risk shifting as the primary cause of the global financial crisis. Yet, the dangers of this debt-financing feature are largely ignored – one needs to only witness the record growth of global debt even after the global financial crisis.Design/methodology/approach To identify the signs of risk shifting existence in the corporations, this paper compares each corporation’s operating risk before and after issuing debt. Operating risk or risk of a firm’s activities is measured using the volatility of the operating earnings or coefficient variation of earning before interest, tax, depreciation and amortization (EBITDA). Using EBITDA as the variable offers one distinct advantage to using asset volatility as previous research has – EBITDA can be extracted directly from firms’ accounting data and is not model-specific.Findings Risk shifting can be found in not only the bond system but also the debt-based sukuk system – a noteworthy finding because sukuk, supposedly in a different class from bonds, have been criticized in some quarters for their apparent similarity to bonds. On the other hand, this study thus shows that equity feature, when it is embedded in bonds (as in convertible bonds) or when a financial instrument is based purely on equity (as in equity-based sukuk), the incentive to shift the risk can be mitigated.Research limitations/implications Global awareness of the dangers of debt should be increased as a means of reducing the amount of debt outstanding globally. Although some regulators suggest that sukuk replace debt, they must also be aware that imitative sukuk pose the same threat to efforts to avoid debt. In short, efforts to ensure future financial stability cannot address only debts or bonds but must also address those types of sukuk that mirror bonds in their operation. In the wake of the global financial crisis, amid the frantic search for ways of protecting against future financial shocks, this analysis aims to help create future stability by encouraging market players to avoid debt-based activities.Originality/value This paper differs from the previous literature in two important ways, viewing risk shifting behavior not only in relation to debt or bonds but also when set against debt-based sukuk, which has been subjected to similar criticism. Indeed, to the extent that debts and bonds encourage risk shifting behavior and threaten the entire financial system, so, too, can imitation sukuk or debt-based sukuk. Second, this paper is unique in exploring the ability of equity features to curb equity holders’ incentive to engage in risk shifting behavior. Such an examination is necessary for the wake of the global financial crisis, for researchers and economists now agree that risk shifting must be a controlled behavior – and that one way of controlling risk shifting is by implementing the risk sharing feature of equity-based financing into the financial system. [ABSTRACT FROM AUTHOR]

Published
2018
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125. Does the F-score improve the performance of different value investment strategies in Europe?

Author

Tikkanen, Jarno and Äijö, Janne

Subjects
INVESTMENTS, STOCK exchanges, EBITDA (Accounting)
Abstract

This study examines whether the performance of different value investment strategies can be improved with Piotroski's (J Account Res 38:1-41, 2000) F-score screening method for the European stock markets. Our aim is to investigate the ability of the screening method to distinguish between winners and losers among several value investment strategies that use different financial ratios to form portfolios, such as B/M, E/M, D/M, and EBITDA/EV ratios. The results of the study provide compelling evidence that the F-score screening method significantly improves the performance of all investigated investment strategies. The results regarding the superior performance of the high F-score portfolios are robust across investment strategies, various performance measures and risk-adjustment methods. The results are useful for individual investors and professional portfolio managers. [ABSTRACT FROM AUTHOR]

Published
2018
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127. Hain Celestial Q4 beats estimates but outlook concerns Wall St.

Author

Best, Dean

Subjects
BUSINESS enterprises, SOYFOODS, EBITDA (Accounting), FOOD industry, MEAT alternatives, HOUSE brands, CORPORATE profits
Abstract

Baby Food, Dairy & Soy Food, Dairy Alternatives, Frozen, Meat Alternatives, Refrigerated, Savoury Snacks, Shelf-stable, News, Hain Celestial Keywords: Baby Food; Dairy & Soy Food; Dairy Alternatives; Frozen; Meat Alternatives; Refrigerated; Savoury Snacks; Shelf-stable; News; Hain Celestial EN Baby Food Dairy & Soy Food Dairy Alternatives Frozen Meat Alternatives Refrigerated Savoury Snacks Shelf-stable News Hain Celestial N.PAG N.PAG 1 08/28/23 20230824 NES 230824 Hain Celestial today (24 August) reported quarterly results that beat Wall Street forecasts but there were some concerns among analysts about the US group's current financial year. "Specifically, they called out sequential growth improvement in their meat-free categories and private label non-dairy beverage business, a category that could see further strength as consumer elasticities worsen for branded products. [Extracted from the article]

Published
2023

128. Saputo rules out reaching profit target amid suppressed consumer demand.

Author

Harvey, Simon

Subjects
CONSUMPTION (Economics), SUPPLY & demand, COMMODITY exchanges, SOYFOODS, EBITDA (Accounting), BUSINESS revenue
Abstract

Dairy & Soy Food, Refrigerated, News, Saputo Keywords: Dairy & Soy Food; Refrigerated; News; Saputo EN Dairy & Soy Food Refrigerated News Saputo N.PAG N.PAG 1 08/17/23 20230814 NES 230814 Saputo will not realise a key 2025 profit target as the Canadian dairy major encounters waning consumer demand and continuing "market headwinds". [Extracted from the article]

Published
2023

129. SunOpta slashes sales forecast after slumping second quarter.

Author

Mathieu, Henry

Subjects
BUSINESS enterprises, SALES forecasting, FOOD industry, FORECASTING, FROZEN fruit, EBITDA (Accounting)
Abstract

Keywords: Dairy Alternatives; Fresh produce; Frozen; Shelf-stable; Vegetarian and Vegan; News; SunOpta EN Dairy Alternatives Fresh produce Frozen Shelf-stable Vegetarian and Vegan News SunOpta N.PAG N.PAG 1 08/14/23 20230810 NES 230810 SunOpta has reduced its sales outlook for the year after a disappointing second quarter, noting frozen fruit customer losses, a slower ramp-up of new business and category softness. Dairy Alternatives, Fresh produce, Frozen, Shelf-stable, Vegetarian and Vegan, News, SunOpta. [Extracted from the article]

Published
2023

130. Post split, Kellogg circles margin expansion as key to strategies of new companies.

Author

Harvey, Simon

Subjects
BUSINESS enterprises, FOOD industry, CORPORATE profits, EARNINGS per share, EBITDA (Accounting), MEAT alternatives, EMPLOYMENT portfolios
Abstract

Keywords: Bakery and Cereal; Frozen; Meat Alternatives; Savoury Snacks; Vegetarian and Vegan; Features; Kellogg EN Bakery and Cereal Frozen Meat Alternatives Savoury Snacks Vegetarian and Vegan Features Kellogg N.PAG N.PAG 1 08/14/23 20230810 NES 230810 Kellogg, which is set to split in two, sees margin expansion as key to the strategies of the new businesses set to come into force by the end of the year. Asked why Kellogg had not opted to dispose of the cereals business outside North America, Cahillane said: "We think developing-market cereal is a terrific growth driver for us. [Extracted from the article]

Published
2023

131. Post Holdings expects pet food to continue to drive earnings growth.

Author

Coyne, Andy

Subjects
PET food, BUSINESS enterprises, RESTAURANTS, FOOD industry, RETAIL industry, EBITDA (Accounting)
Abstract

Keywords: Bakery and Cereal; Pet Food; News; Post Holdings EN Bakery and Cereal Pet Food News Post Holdings N.PAG N.PAG 1 08/09/23 20230807 NES 230807 Weetabix owner Post Holdings has raised its fiscal year 2023 earnings guidance on the back of a strong performance in its pet food and foodservice categories. Pet food contributed $275.3m towards that net sales total and Vitale said: "Our expectations for its contribution have increased in the short term and meaningfully more so once we move past full integration and synergy realisation.". [Extracted from the article]

Published
2023

132. MamaMancini's evolves into Mama's Creations in pursuit of deli-food ambitions.

Author

Harvey, Simon

Subjects
BUSINESS enterprises, FOOD industry, CORPORATE profits, PREPARED foods, BUSINESS revenue, EBITDA (Accounting), FOOD prices
Abstract

Speaking to Just Food in March, chairman and CEO Adam Michaels outlined his plans to continue to develop East Rutherford, New Jersey-based MamaMancini's beyond a meatballs-centric and "authentic heritage" Italian food brand, into a "one-stop-shop deli solution" supplier. "This bold new brand embraces our leadership in fresh, clean and easy to prepare meals, while allowing our identity to expand into a broader array of new, in-demand international and differentiated deli foods products for grocers nationwide.". [Extracted from the article]

Published
2023

133. Grupo Bimbo talks up "robust pipeline" of M&A.

Author

Best, Dean

Subjects
MERGERS & acquisitions, FINANCIAL statements, BUSINESS enterprises, QUARTERLY reports, FOOD industry, EBITDA (Accounting)
Abstract

Bimbo's second-quarter results included a 4.1% rise in net sales to a "record" 100.37bn pesos ($5.96bn) "primarily due to a favourable price/mix effect". Keywords: Bakery and Cereal; Deals; News; Grupo Bimbo EN Bakery and Cereal Deals News Grupo Bimbo N.PAG N.PAG 1 07/28/23 20230726 NES 230726 Grupo Bimbo, the world's largest bakery products supplier, remains in the market for M&A after snapping up three businesses so far in 2023. [Extracted from the article]

Published
2023

135. Tattooed Chef launches bankruptcy process after plant-based business fails to raise new funds.

Author

Harvey, Simon

Subjects
CONSUMER behavior, COOKS, BUSINESS enterprises, EBITDA (Accounting), MEAT alternatives, BANKRUPTCY
Abstract

Keywords: Meat Alternatives; Vegetarian and Vegan; News EN Meat Alternatives Vegetarian and Vegan News N.PAG N.PAG 1 07/17/23 20230703 NES 230703 Loss-making US plant-based food business Tattooed Chef is seeking a buyer after failing to raise funds to secure its future. Along with the businesses' financial troubles, Galletti and CFO Stephanie Dieckmann had faced a class action lawsuit alleging they "made misleading statements" in its account filings from March 2021 to October 2022. [Extracted from the article]

Published
2023

136. THG founder Matthew Moulding gives up controlling share in loss-making UK e-commerce group.

Author

Harvey, Simon

Subjects
ELECTRONIC commerce, EBITDA (Accounting), INVESTORS, BUSINESS revenue, PRICES, STOCKS (Finance)
Abstract

I The Guardian i suggested Moulding's controlling interest gave the CEO the authority to block any takeover offer for THG, with the newspaper adding the company had first pledged to cancel the majority stake in October 2021. Keywords: Shelf-stable; News EN Shelf-stable News N.PAG N.PAG 1 06/27/23 20230622 NES 230622 Matthew Moulding has relinquished his controlling share in THG, the UK-based e-commerce retailer and sports nutrition group that was the subject of a takeover bid earlier this year. [Extracted from the article]

Published
2023

137. Prysmian's Next CEO Says He'll Focus on Selective M&A, Payouts.

Author

Vanuzzo, Antonio and Brambilla, Alberto

Subjects
MERGERS & acquisitions, CHIEF executive officers, STOCK repurchasing, FREE cash flow, PRIVATE equity funds, EBITDA (Accounting)
Abstract

Prysmian SpA's next CEO, Massimo Battaini, plans to focus on increasing shareholder returns and pursuing selective mergers and acquisitions to generate synergies for the Italian cable maker. The company recently posted strong financial results, beating estimates for adjusted earnings before interest, taxes, depreciation, and amortization. Prysmian aims to reach an annual dividend of one euro by 2027 and has set guidance for 10% annual dividend growth. Battaini, who will start as CEO in April, expects M&A activity to continue, with a focus on building commercial synergies and expanding into new markets. The company is particularly interested in North America and Saudi Arabia. [Extracted from the article]

Published
2024

138. Worldline Warns Demand Further Deteriorated in First Annual Loss.

Author

Rajbhandari, Alexandre and Connelly, Frank

Subjects
EBITDA (Accounting), STOCK prices
Abstract

Worldline SA, a payments company, has reported its first annual loss since becoming a public company, causing a decline in its shares. The company recorded a loss of €817 million ($883 million) for 2023, compared to the €208.6 million profit that analysts were expecting. Worldline's CEO, Gilles Grapinet, is working to restore investor confidence after a series of setbacks, including a decrease in sales and the termination of relationships with certain online merchants. The company has also undergone a risk-management review and plans to cut around 8% of its workforce. [Extracted from the article]

Published
2024

139. Aston Martin, AB InBev Still Face Hurdles in Upcoming Earnings.

Author

Meley, Chloé and Shiltagh, Maggie

Subjects
CONSUMER confidence, BUSINESS revenue, EBITDA (Accounting), FREE cash flow
Abstract

Aston Martin Lagonda Global Holdings Plc is expected to report a profit in the fourth quarter, but the company has struggled with losses in recent years. The automaker is looking to turn things around by introducing new models and reducing its debt. Anheuser-Busch InBev is trying to recover from a boycott of Bud Light in the US, while Davide Campari-Milano NV is facing challenges due to fragile consumer confidence. Other companies, including ASM International NV, Holcim AG, UCB SA, and Kuehne + Nagel International AG, will also be reporting their earnings this week. [Extracted from the article]

Published
2024

140. DraftKings Profit Misses, Buys Lottery App for $750 Million.

Author

Palmeri, Christopher

Subjects
LOTTERIES, EBITDA (Accounting), EARNINGS announcements, MOBILE apps, CONTACTLESS payment systems
Abstract

DraftKings Inc., a Boston-based sports-betting company, reported lower-than-expected sales and profit for the fourth quarter. The company also announced its acquisition of the lottery app Jackpocket for $750 million in cash and stock. Despite the missed projections, DraftKings saw an increase in monthly unique players, surpassing estimates. The acquisition of Jackpocket is expected to generate significant revenue and adjusted Ebitda in the coming years. DraftKings has raised its sales and profit guidance for this year. [Extracted from the article]

Published
2024

141. Warby Parker sees top line momentum continuing as Q4 loss disappoints.

Subjects
BUSINESS revenue, EARNINGS per share, RETAIL industry, CONTACT lenses, GROSS margins, EBITDA (Accounting)
Abstract

Warby Parker, a direct-to-consumer eyewear company, plans to open 40 new stores this year and increase revenues by 12-13 percent. While the company reported a 10.5 percent increase in sales in the fourth quarter of 2023, it disappointed on the earnings front with an adjusted loss per share of $0.01. However, Warby Parker saw growth in contact lens sales and eye exam revenues. The company also announced an expanded partnership with Versant Health, which will increase the number of people with in-network access to Warby Parker to 34 million. [Extracted from the article]

Published
2024

142. Synsam wraps up another double-digit growth fiscal year.

Author

Bernard, Pierre-Marie

Subjects
FISCAL year, QUARTERLY reports, EBITDA (Accounting), BUSINESS revenue, HOUSE brands
Abstract

Synsam Group, a retail eyewear company, reported a 7.7 percent increase in revenue for the last quarter of fiscal 2023, reaching 1,479 million Swedish crowns (€132 million). Despite a slight slowdown in sales growth in the fourth quarter, the company's full-year sales increased by 11.9 percent to SEK 5,905 million (€527 million). The growth was largely driven by the company's domestic market in Sweden and its entry into the Finnish market. However, the company faced challenges in Denmark and Norway due to intense competition and currency headwinds. Synsam plans to open 90 new locations between 2024 and 2026. [Extracted from the article]

Published
2024

143. WillScot Mobile to Buy McGrath RentCorp in $3.8 Billion Deal.

Author

Connelly, Frank

Subjects
FREE cash flow, INVESTORS, EBITDA (Accounting), REPAYMENTS
Abstract

WillScot Mobile Mini Holdings Corp. has agreed to acquire McGrath RentCorp, a company that rents and sells modular offices, in a deal worth $3.8 billion. McGrath investors will have the option to receive either $123 in cash or 2.8211 WillScot Mobile Mini shares for each share they hold. The deal is expected to close in the second quarter of this year and is subject to approval by McGrath shareholders. The CEO of WillScot Mobile Mini expects the combined company to generate $3.2 billion in revenue and $1.4 billion in adjusted EBITDA in 2023. [Extracted from the article]

Published
2024

144. Unigel Breaks Covenant on Local Bonds as Earnings Deteriorate.

Author

Azevedo, Giovanna Bellotti

Subjects
CURRENCY swaps, EBITDA (Accounting), PRICES, MONETARY policy, DEBTOR & creditor, DEBT, LINES of credit
Abstract

Unigel Participacoes, a Brazilian chemical maker, has breached a covenant on its domestic notes due to lower global fertilizer prices that have negatively impacted its earnings. The company's net debt has increased by 59% to 3.86 billion reais ($791 million) in the first half of the year, causing its ratio of net debt to adjusted Ebitda to rise to 7.2 times. Lending agreements for Unigel's local notes require the company to keep the ratio below or at 3.5. The increase in debt is attributed to the issuance of new credit lines, currency swap operations, and a reduction in cash. Unigel has faced challenges due to a downturn in the chemical sector, restrictive monetary policies, and the slowdown in China. The company was recently granted temporary protection from creditors after local bondholders declared the early maturity of some notes. Unigel is owned by the Slezynger family, and its dollar notes due in 2026 have experienced a significant decline in value. [Extracted from the article]

Published
2023

145. Antin acquires Consilium Safety, Sweden.

Author

Lindsay, Tess

Subjects
INFRASTRUCTURE (Economics), EBITDA (Accounting), FISCAL year, BUSINESS revenue, SAFETY
Abstract

Antin Infrastructure, an infrastructure investor, is set to acquire Consilium Safety, a Swedish company, from Nordic Capital. Consilium Safety provides mission-critical infrastructure in various sectors and has a global presence. Since its acquisition by Nordic Capital in 2020, Consilium Safety has experienced significant growth in revenue and EBITDA. The deal is expected to be completed in the first half of the fiscal year 2024. Both Antin and Consilium Safety are optimistic about the partnership and the future expansion of Consilium Safety's offerings. [Extracted from the article]

Published
2023

146. Romania's largest solar project secures €60 million in financing.

Author

Lindsay, Tess

Subjects
POWER purchase agreements, INTEREST rates, RENEWABLE energy sources, PROJECT finance, LOANS, ENERGY industries, EBITDA (Accounting)
Abstract

Renewable energy company Econergy has secured €60 million in financing from Raiffeisen Bank for its 155MW solar project in Romania. The project, called Ratesti, is the largest solar project in Romania and is owned equally by Econergy and Nofar Energy. This financing is the first in Romania to be based on electricity merchant sales without a power purchase agreement. The loan will bear a standard interest rate and is expected to be repaid by December 31, 2033. The project is expected to have an average annual revenue of €20.1 million and EBITDA of €17.6 million within its first 5 years. [Extracted from the article]

Published
2023

147. New-business building: A winning strategy in uncertain times.

Author

Leon, Markus Bergerde, Jenkins, Paul, Libarikian, Ari, and Ulmer, Ludwig

Subjects
BUSINESS revenue, DIGITAL technology, MOBILE apps, VALUE chains, EBITDA (Accounting), BUSINESS models
Abstract

The article discusses the importance of business building strategies in uncertain economic times. It emphasizes that playing offense, along with defense, is crucial for long-term success. Business building allows companies to diversify, protect, and expand, leading to higher revenue growth and earnings. The article provides examples of successful business building strategies, such as Nordvik, a real estate broker in Norway, which quadrupled EBITDA and increased revenues by 27 percent annually through the development of a smartphone app and a digital housing ecosystem. The article also highlights five emerging archetypes for business building, including embracing AI and automation, reimagining the business model, taking control of the value chain, transforming into a green leader, and leveraging superior information for new revenue streams. It concludes by emphasizing that business building is a mindset that needs to be institutionalized for continued development and performance. [Extracted from the article]

Published
2023

148. Mallinckrodt Completes Financial Restructuring and Irish Examinership Proceedings and Emerges From Chapter 11.

Subjects
EBITDA (Accounting), DRUG delivery devices, DRUG approval, CORPORATE reorganizations, BRANDING (Marketing), SALES statistics, PRODUCT launches
Abstract

Mallinckrodt, a global specialty pharmaceutical company, has completed its financial restructuring and emerged from Chapter 11 bankruptcy. The company has also completed the Irish Examinership Proceedings. Mallinckrodt will now focus on advancing its business and executing planned product launches. The company has made recent progress in stabilizing its business, including achieving net sales growth and adjusted EBITDA growth. Mallinckrodt's Specialty Brands portfolio has seen positive developments, including FDA acceptance of a drug delivery device submission and a return to growth for Therakos. The Specialty Generics segment has also experienced growth, with recent FDA approvals for generic drugs. Mallinckrodt has reduced its total funded debt by approximately $1.9 billion and is well-positioned to execute its strategic priorities. Ownership of the company has transitioned to its creditors, and all outstanding ordinary shares have been extinguished. [Extracted from the article]

Published
2023

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