Protests in Bogota marking a year since 2019's national strike against Ivan Duque's government end with riots around a university site.
Protests in Bogota marking a year since 2019's national strike against Ivan Duque's government end with riots around a university site.
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Bitcoin investors, which include top hedge funds and money managers, are betting the virtual currency could more than quintuple to as high as $100,000 in a year. Bitcoin is within sight of its all-time peak of just under $20,000 hit in December 2017. Going from $18,000 to $100,000 in one year is not a stretch, Brian Estes, chief investment officer at hedge fund Off the Chain Capital, said.
Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the matter said. The deal reflects rising interest in Guyana, a small South American country of 750,000 whose oil discoveries are set to transform an economy dependent on agriculture and mining. Five years ago, a consortium led by Exxon Mobil Corp struck oil off the Guyanese coast in the 6.6 million-acre (26,800 square kilometer) Stabroek block that has been shown to hold more than 8 billion barrels of recoverable oil and gas.
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When Kuwait emerged from a monthslong coronavirus lockdown, hundreds of Kuwaitis flocked to reopened stores, the lines clogging malls, snaking through hallways and spilling onto sidewalks. The jewelry-store rush by Kuwait's long-coddled citizens is a symptom of a looming disaster. Kuwait, one of the world’s wealthiest countries, is facing a debt crisis.
Donald Trump has accepted that a formal transition can begin for Joe Biden to take office. Mr Biden was declared the “apparent winner” of the US election by a key federal agency, clearing the way for the start of the transition. A federal official said the determination was made after Mr Trump's efforts to subvert the vote failed across battleground states, most recently in Michigan.
President has finally admitted a transition process must begin, but still vows to continue his legal battles
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David Dinkins, who broke barriers as New York City’s first African-American mayor, but was doomed to a single term by a soaring murder rate, stubborn unemployment and his mishandling of a race riot in Brooklyn, has died. Dinkins died Monday, the New York City Police Department confirmed. Dinkins, a calm and courtly figure with a penchant for tennis and formal wear, was a dramatic shift from both his predecessor, Ed Koch, and his successor, Rudolph Giuliani — two combative and often abrasive politicians in a city with a world-class reputation for impatience and rudeness.
A new round of social distancing rules took effect on Tuesday in the South Korean capital of Seoul, dealing a blow to small business owners despite brighter hopes for economic recovery after earlier success in battling the coronavirus. The Korea Disease Control and Prevention Agency (KDCA) reported 349 cases, as the daily tally ticked up again after a slight drop reflecting fewer weekend tests.
DGAP-News: Brockhaus Capital Management AG / Key word(s): 9 Month figures 24.11.2020 / 07:01 The issuer is solely responsible for the content of this announcement. BCM AG (nine-month report): Despite corona stable margin above 20% with significant increase in order intake - BCM Group generates revenue of € 33.9 million in the first nine months of financial year 2020; decline of -16% compared to (pro forma) previous year's period - Adjusted EBITDA margin remains stable above 20% as in H1 2020 - Significant increase in group order intake Q3 2020 of +24% compared to Q2 2020 - Capital increase from the listing fully available for acquistions; total cash of € 122 million Frankfurt/Main, November 24, 2020. Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, "BCM"), a long-term oriented technology group focused on acquiring high-margin and high-growth technology champions within the German Mittelstand, published its nine-month figures for the financial year 2020. In the first nine months of financial year 2020, BCM Group generated revenue of € 33.9 million. This represents a decline of -16% compared with the previous pro forma reporting period 9M 2019. The reason for this was the COVID-19-related revenue decline of the Security Technologies segment. In the Environmental Technologies segment, however, BCM Group continued to increase revenue significantly. Nevertheless, given its smaller absolute size compared with the Security Technologies segment, it could not fully compensate the decline in business. On a non-pro forma basis, i.e. including inorganic growth through acquisitions, revenue grew by +290.4% compared with the same period of the previous year. With an adjusted EBITDA of € 7.0 million, BCM has also kept the margin constantly above 20% as in H1 2020. In addition, order intake of BCM Group increased significantly by +24% in the third quarter, as compared with Q2 2020. As of the reporting date, cash amounted to approximately € 122 million. On this solid basis, BCM Group believes it is well equipped to respond flexibly to attractive acquisition opportunities. Revenue in Environmental Technologies segment grows by +17%; continued strong demand with a massive increase in order intake compared with 9M 2019 In the Environmental Technologies segment - consisting of Palas - revenue in the first nine months increased by +17.3% despite the COVID-19 pandemic. Although the first quarter was comparably weak due to general revenue fluctuations between the quarters and the initial effects of the lockdowns, customer demand grew significantly in the second and third quarters. The COVID-19 pandemic has brought aerosols (particles in air) into the center of public attention and Palas has successfully positioned itself as a technology leader with its aerosol measurement technology. Especially test rigs for the effectiveness control of respiratory masks continued to sell particularly well. Other products related to aerosole measurement, for instance indoor or exhalation measurement, have followed or will follow. Order intake in the reporting period was massively above the same period of the previous year 9M 2019. In addition, on August 27, 2020 Palas filed a patent with the European Patent Office for a measurement device for the immediate detection of particle number and size in exhaled air. The universally applicable measurement device developed by Palas can immediately identify particles in exhaled air with high-precision size resolution and could thus help to detect infectivity in human beings. This could in particular contribute to the containment of the current COVID-19 pandemic. The patent application has not yet been disclosed. A patent application is generally published 18 months from the filing date and the patentee is only entitled to rights from the patent application after this period. Significant increase in order intake in the Security Technologies segment, despite COVID-19 related project postponements The Security Technologies segment recorded a decline in revenue of -25.1% in 9M 2020. After revenue in the first quarter was substantially higher than in the same period of the previous year, the development deteriorated significantly in the second quarter, a trend that continued in the third quarter in terms of revenue. Key projects were delayed due to global lockdown measures as well as travel bans and social distancing restrictions. This effect was intensified in the third quarter of 2020 by the comparison to the very successful Q3 2019, which had marked by far the strongest quarter in terms of revenue in the previous fiscal year and in the company's entire history. In terms of order intake, however, the third quarter of 2020 showed a considerable recovery with a significant increase compared to Q2 2020. As previously announced in the ad-hoc release of November 13, 2020, BCM Group expects a single-digit percentage decline in revenue for the 2020 financial year compared with the (pro forma) revenue of € 54.3 million in the previous year 2019. However, given the "mission critical" nature of its technologies, BCM Group expects significant catch-up effects in the following year 2021, subject to the continuing uncertainties regarding the course, duration and impact of the COVID-19 pandemic on global economic development. The quarterly report 9M 2020 is now available at https://ir.bcm-ag.com/publications.html. Financial Calendar April 15, 2021 Annual Report 2020 May 15, 2021 Quarterly Report Q1 2021 June 16, 2021 Annual General Meeting 2021 About Brockhaus Capital Management Brockhaus Capital Management AG (BKHT, ISIN: DE000A2GSU42, "BCM"), based in Frankfurt/Main, is a technology group acquiring high-margin and high-growth technology champions with B2B business models in the German Mittelstand. With a unique platform approach and a long-term horizon, BCM actively and strategically supports its subsidiaries in achieving long-term profitable growth beyond industry and country boundaries. At the same time, BCM offers a gateway into these non-listed German technology champions, which are otherwise inaccessible to capital market investors. Contact Details For investors: Brockhaus Capital Management Paul Göhring Head of Investor Relations Phone: +49 69 20 43 40 978 Fax: +49 69 20 43 40 971 E-Mail: email@example.com For media: USC Iris C. Sistemich Phone: +49 221 280 655 10 E-Mail: firstname.lastname@example.org 24.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: Brockhaus Capital Management AG Thurn-und-Taxis-Platz 6 60313 Frankfurt am Main Germany Phone: +49 (0)69 2043 409 0 Fax: +49 (0)69 2043 409 71 E-mail: email@example.com Internet: http://bcm-ag.com ISIN: DE000A2GSU42 WKN: A2GSU4 Listed: Regulated Market in Frankfurt (Prime Standard) EQS News ID: 1150121 End of News DGAP News Service
While all eyes have been on Boko Haram in Nigeria northeast, the northwest of the country has also been unraveling spiking food insecurity risk
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Croydon council outlines drastic cuts to jobs and services. Council, which in effect declared insolvency this month, said it would adopt a bare legal minimum approach
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DGAP-News: KWS SAAT SE & Co. KGaA / Key word(s): Quarterly / Interim Statement 24.11.2020 / 07:00 The issuer is solely responsible for the content of this announcement. Einbeck, 24 November 2020 KWS posts stable business performance in the first quarter despite negative exchange rate effects - Guidance for the year confirmed Total net sales of the KWS Group (ISIN: DE0007074007) fell by 3.6% in the first three months of fiscal 2020/2021 due to negative exchange rate effects but increased by 6.8% on a comparable basis. As is customary in the first quarter, the key figures of EBITDA, EBIT and net income were negative. "Our operational business performance was stable by and large in the first quarter," said Eva Kienle, Chief Financial Officer of KWS. "However, the fall in the value of a number of currencies, in particular in South America and Eastern Europe, weighed on our key financial indicators." Net sales for the first three month were at € 184.1 (191.0) million. EBITDA was € -27.3 (-21.8) million, while EBIT was € -50.5 (-42.3) million. The Group recorded a lower gross profit, as well as higher function costs for research and development and administration, while selling expenses fell year over year. Net financial income/expenses was € -15.2 (-22.2) million. Since the earnings contributed by the equity-accounted joint ventures do not materialize until the third quarter, net income from equity investments in the first quarter is well in the red. It totaled € -12.0 (-16.9) million. The interest result improved to € -3.2 (-5.3) million due to a fall in interest expenses. Income taxes totaled € -17.7 (-18.0) million. The result was net income for the period of € -47.9 (-46.6) million or € -1.45 (-1.41) per share. Free cash flow improved to -119.1 (-138.4 million €; excluding the acquisition of Pop Vriend Seeds) in the reporting period. Overview of the key figures in € millions Q1 2020/2021 Q1 2019/2020 +/- Net sales 184.1 191.0 -3.6% EBITDA -27.3 -21.8 -25.2% EBIT -50.5 -42.3 -19.4% Net financial income/expenses -15.2 -22.2 31.5% Result of ordinary activities -65.6 -64.6 -1.5% Income taxes -17.7 -18.0 1.7% Net income -47.9 -46.6 -2.8% Earnings per share in € -1.45 -1.41 -2.8% Business performance of the segments The Corn Segment grew its net sales by around 6% to €46.9 (44.4) million in the first quarter despite negative exchange rate effects. In main markets in South America, Argentina and Brazil, business expanded significantly in them (in terms of local currency). However, net sales were impacted heavily by negative exchange rate effects from the fall in value of the Argentinean peso and the Brazilian real. In the regions of Europe and North America, the segment does not generate any significant net sales in the first quarter due to seasonal reasons. The segment's income was € -41.0 (-37.5) million. The Sugarbeet Segment posts only low net sales in the first quarter due to seasonal reasons. Net sales in the first three months were €16.1 million and thus above the level of the previous year (€10.6 million). The revenue mainly comes from the sale of sugarbeet seed in Chile and North Africa. The segment's income fell to € -32.2 (€ -28.5) million. Net sales in the Cereals Segment in the first quarter declined by around 3% to €109.1 (112.0) million, but were at the level of the previous year after adjustment for exchange rate effects. The level of hybrid rye seed business varied in our sales regions, and net sales from it were around 5% below the same period of the previous year. However, the growth prospects for hybrid rye remain positive. Winter rapeseed business grew by around 5% on the back of improved conditions in the sowing season in a number of European countries. The segment's income was €36.0 million and thus at the level of the previous year (€36.6 million). Net sales in the Vegetables Segment fell significantly to € 13.3 (27.0) million compared to the same quarter of the previous year, which showed a strong sales development. In addition, the food service market segment saw lower demand in connection with the COVID-19 pandemic. As a result of the course of business, EBITDA fell to € 2.4 (8.7) million and EBIT (including non-cash effects as part of the purchase price allocation for the acquisition of Pop Vriend Seeds) also fell to € -3.3 (3.0) million. Net sales in the Corporate Segment totaled €1.8 (1.6) million. They are mainly generated from KWS farms. Since all cross-segment costs for the KWS Group's central functions and basic research expenditure are charged to the Corporate Segment, its income is usually negative. The segment's income improved to € -22.0 (-30.9) million, mainly due to positive, exchange rate-related measurement effects from financial instruments. The difference from the KWS Group's statement of comprehensive income and segment reporting is due to the requirements of the International Financial Reporting Standards (IFRSs) and is summarized for the key indicators of net sales and EBIT in the reconciliation table below: Reconciliation table in € millions Segments Reconciliation KWS Group Net sales 187.1 -3.1 184.1 EBIT -62.5 12.1 -50.5 Guidance for the 2020/2021 fiscal year confirmed For the KWS Group, the Executive Board continues to expect net sales at the previous year's level (€1,282.6 million). Assuming that net sales are stable, the EBIT margin is expected to be in the range between 11% and 13% (after adjustment for the non-cash effects as part of the purchase price allocation for the acquisition of Pop Vriend Seeds). Annual General Meeting 2020 in virtual format The Annual General Meeting of KWS SAAT SE & Co. KGaA will take place on December 16, 2020 from 11:00 a.m. (CET) in virtual format (without physical presence). The documents and further information on the Annual General Meeting are available at www.kws.com. About KWS* KWS is one of the world's leading plant breeding companies. More than 5,700 employees in 70 countries generated net sales of around €1.3 billion in fiscal 2019/2020. A company with a tradition of family ownership, KWS has operated independently for more than 160 years. It focuses on plant breeding and the production and sale of seed for corn, sugarbeet, cereals, vegetables, rapeseed and sunflowers. KWS uses leading-edge plant breeding methods to continuously improve yield for farmers and plants' resistance to diseases, pests and abiotic stress. To that end, the company invested more than €200 million last fiscal year in research and development. * All figures excluding the shares of the equity-accounted companies AGRELIANT GENETICS LLC., AGRELIANT GENETICS INC. and KENFENG - KWS SEEDS CO., LTD. More information: www.kws.com. Follow us on Twitter(R) at https://twitter.com/KWS_Group. Contacts: Peter Vogt Head of Investor Relations Phone: +49-30 816914-490 firstname.lastname@example.org Martin Heistermann Senior Manager Investor Relations Phone: +49-30 816914-341 email@example.com Sina Barnkothe Corporate Communications Phone: +49-5561 311-1783 firstname.lastname@example.org 24.11.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de Language: English Company: KWS SAAT SE & Co. KGaA Grimsehlstraße 31 37555 Einbeck Germany Phone: +49 (0)5561 311-0 Fax: +49 (0)5561 311-322 E-mail: email@example.com Internet: www.kws.de ISIN: DE0007074007 WKN: 707400 Indices: S-DAX Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange EQS News ID: 1150077 End of News DGAP News Service