Specialty chemicals group expanding its digital printing technology portfolio
Emphasis on new technology for high-speed digital “Direct-to-Shape” printing
Technology already deployed and multiple high-value strategic accounts secured
Specialty chemicals group expanding its digital printing technology portfolio
Emphasis on new technology for high-speed digital “Direct-to-Shape” printing
Technology already deployed and multiple high-value strategic accounts secured
Pollard Banknote Limited (TSX: PBL) ("Pollard") today released its financial results for the three and nine months ended September 30, 2018, generating record quarterly revenue and strong earnings.
Bobst Group continues investing for the future and confirms its strategic priorities based on growth, innovation for digital printing, IoT and digitalization of its core business processes. The Group Executive Committee is evolving and Erik Bothorel will leave the Group Executive Committee by end of 2018. Stephan März, current Head of the Business Unit Services, will take on responsibility for Business Unit Web-fed as of January 1, 2019, while Julien Laran, current Head of the Supply Chain and Operations within the Business Unit Services, will be appointed Head of Business Unit Services as of January 1, 2019.
· Top line decline of 4.8%, excluding currency effects and the impact of portfolio rationalizations
· Strong performance of Inkjet, HealthCare Information Solutions and certain Specialty Products ranges
· Recurring EBITDA at 35 million Euro
· Net loss at minus 5 million Euro
· Net financial debt at 99 million Euro
Good order situation and cash flow performance in the Koenig & Bauer group
Order intake up 4.4% and continued good project situation
Revenue and EBIT below prior year due to greater accumulation of deliveries in Q4 and bottlenecks in parts availability
Good EBIT margin of 6.6% in Q3 with low revenue level
25.5% rise in order backlog to €769.3m
Increase in cash flows from operating activities to €50.5m, equity ratio widened to 37.4%
Dr Andreas Pleßke appointed to management board for five years
Meredith Corporation (NYSE:MDP; www.meredith.com) – the leading media and marketing company reaching 175 million American consumers each month including 80 percent of U.S. millennial women – announced today it has closed on the sale of the TIME media brand to Marc and Lynne Benioff for $190 million in cash. The sale was first announced on September 16, 2018.
ND Paper LLC, a wholly-owned subsidiary of Nine Dragons Paper (Holdings) Limited, today completed its acquisition of the Fairmont, West Virginia recycled pulp mill from Resolute Forest Products Inc., as announced in August. Under the terms of the asset purchase agreement, ND Paper paid U.S. $62 million in cash.
Sales grew by 6 % in local currency and Swiss francs to CHF 4.994 billion
EBITDA before exceptional items increased significantly by 7 %
EBITDA margin before exceptional items at a solid 15.3 %
2018 outlook confirmed
Pollard Banknote Limited (TSX: PBL) ("Pollard Banknote" or "Pollard") is pleased to announce the closing of the previously announced purchase ("Acquisition") of substantially all of the operating assets and business of Schafer Systems Inc. ("Schafer"), the leading global provider of lottery ticket dispensers and play stations.
Further Diversifies its Business and Revenue Stream
SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a world leading CAM supplier and a major mPOS supplier in China, has announced its new acquisition of S2C Tech Inc. ("S2C"), a hardware-based verification systems and software companies, to further diversity its business and revenue stream.
Stora Enso has increased its ownership up to 100% in the Sweden-based company Cellutech AB. The company specialises in the development of new materials and applications based on cellulose, micro-fibrillated cellulose (MFC) and other wood-based components.
Move will facilitate ongoing growth of St. Albans firm
- Most significant tech acquisition of 2018 will unlock true value of cloud for business
- IBM and Red Hat to provide open approach to cloud, featuring unprecedented security and portability across multiple clouds
- Deal accelerates IBM's high-value business model, making IBM the #1 hybrid cloud provider in an emerging $1 trillion growth market
- Acquisition will be free cash flow and gross margin accretive within 12 months, accelerate revenue growth and support a solid and growing dividend
- IBM to maintain Red Hat's open source innovation legacy, scaling its vast technology portfolio and empowering its widespread developer community
- Red Hat to operate as a distinct unit within IBM's Hybrid Cloud team