Deutz Raises FY Outlook

Deutz AG (DEZBF.PK,DEUZF.PK) said it raised its fiscal year 2021 forecast for a second time in 2021, due to continued strong demand in all of the main application segments and a significantly improved earnings performance.

The company now anticipates unit sales for fiscal year 2021 to be in the range of 155,000 to 170,000 engines, compared to the prior range of 140,000 to 155,000 engines.

The company now projects an increase in annual revenue to between 1.6 billion euros and 1.7 billion euros compared to the prior estimation of 1.5 billion euros to 1.6 billion euros.

The EBIT margin before exceptional items is predicted to be in a range of 2.0 percent to 3.0 percent compared to the prior outlook of 1.0 percent to 2.0 percent.

Alexandria Ocasio-Cortez’s Met Gala Dress Makes Bold Political Statement

Democratic Reps. Alexandria Ocasio-Cortez and Carolyn Maloney of New York attended the Met Gala on Monday, and both wore their politics all over their dresses. 

In a white gown by Brother Vellies, progressive stalwart Ocasio-Cortez had the words “Tax the rich” scrawled in bright red down the back of her dress.    

Ocasio-Cortez has proposed raising the marginal tax rate to 70% for people who earn more than $10 million a year. The funds raised from such a tax increase on the very wealthy could fund public investments to combat the climate crisis, as the congresswoman has pushed. 

Maloney’s dress at the invite-only charity event had “ERA” written on it — for the Equal Rights Amendment — along with “Equal rights for women” printed several times down her cape. 

The Equal Rights Amendment would make discrimination based on one’s sex illegal. While it was introduced nearly 100 years ago, it has yet to make it into the Constitution. Lawmakers in Congress are pushing legislation to finalize ratification of the ERA.

RELATED…

NCC Group FY21 Adj. Operating Profit Rises; Revenues Up 3.6% On Constant Currency Basis

NCC Group PLC (NCC.L) said its fiscal 2021 adjusted operating profit increased by 27.7% albeit with the benefit of a temporary reduction in travel and office usage costs. Group revenues increased by 2.6%, or up 3.6% on a constant currency basis.
For fiscal 2022, the Board expects higher revenue growth partially offset by increased global costs from inflationary pressures as well as a resumption in travel and office usage.

For the year ended 31 May 2021, profit before tax increased to 14.8 million pounds from 9.6 million pounds, last year. Earnings per share was 3.5 pence compared to 2.3 pence. Adjusted operating profit increased to 39.2 million pounds from 30.7 million pounds. Adjusted earnings per share was 9.5 pence compared to 7.5 pence. Total revenue increased to 270.5 million pounds from 263.7 million pounds, last year.

The Board declared an unchanged interim dividend of 3.15 pence per ordinary share.

JD Sports Fashion H1 Profit Surges, Lifts FY21 Profit View – Quick Facts

JD Sports Fashion Plc (JD.L), a British retailer of sports, fashion and outdoor brands, reported Tuesday that its first-half profit before tax surged to 364.6 million pounds from last year’s 41.5 million pounds.

Basic earnings per share were 22.19 pence, up from 3.85 pence a year ago.

Adjusted profit before tax was 439.5 million pounds, compared to prior year’s 61.9 million pounds. Adjusted earnings per share were 29.16 pence, compared to 6.09 pence last year.

Revenue climbed to 3.89 billion pounds from last year’s 2.54 billion pounds.

Looking ahead, the company now projects outturn headline profit before tax for the full year of at least 750 million pounds.

In July, the company said it believes to be on track to deliver adjusted profit before tax for the full year at an increased level of no less than 550 million pounds.

Sanne Group H1 Underlying Operating Profit Rises; Organic Revenue Growth At 4.0%

Sanne Group plc (SNN.L) said its underlying operating profit from continuing operations were up 12.4% on a constant currency basis for the six months ended 30 June 2021. The Group said this reflects the robust net revenue and gross profit growth as well as an improvement in the overheads cost as a proportion of net revenues. The Group delivered double digit net revenue growth of 12.5%, on a constant currency basis. This has resulted in reported net revenue growth of 8.1%. Constant currency organic net revenue growth was 4.0% year-on-year.

For the six months ended 30 June 2021, profit before tax declined to 9.4 million pounds from 11.6 million pounds, last year. Earnings per share from continuing operations was 4.1 pence compared to 6.1 pence.

Underlying operating profit grew by 12.4% on a constant currency basis to 24.0 million pounds from 23.0 million pounds. Underlying earnings per share from continuing operations was 11.5 pence compared to 12.3 pence.

Turnover improved to 96.17 million pounds from 86.47 million pounds, last year. Net revenue increased to 90.7 million pounds from 83.9 million pounds.

On 25 August 2021, Sanne Group announced that the Board had reached an agreement with Apex Group Ltd on the terms of a recommended all cash offer to be made by Apex. As a result of the terms of the deal, the company will not be paying shareholders an interim dividend for 2021 and does not expect to pay a full year dividend either.

Jesse Watters roasts Greg Gutfeld in special opening monologue of 'Gutfeld!'

Jesse Watters reveals what Gutfeld and Biden have in common

Jesse Watters hosts ‘Gutfeld!’ on a special episode and wishes Greg Gutfeld a happy birthday

“Gutfeld” guest host Jesse Watters filled in for the vacationing Greg Gutfeld on Monday, roasting the newly-dubbed King of Late-Night for missing the show because it was his birthday.

WATTERS: In all seriousness, I love Greg like I love my assistant. That much. GG is the man, funniest guy I know. I don’t really know that many people…but it’s a compliment. 

Exclamation point is a hit. He’s a prolific author, a Great co-host, and did you hear? He just interviewed Donald Trump. 

Way to go Gutfeld….quite the achievement….you’re the last Fox host to interview Trump. In fact, Greg may be the last host in North America to interview Donald Trump. 

Greg didn’t even like Trump when he was running for president. Then I remembered that Greg didn’t even like me before I started hosting the five. Another thing he has in common with Biden – terrible instincts.