Sunday, 3 Mar 2024

Scania Reports Profit For Q3

Alfa Laval Q3 Profit Climbs

Alfa Laval (ALFA.ST) released earnings for its third quarter that increased from the same period last year

The company’s earnings came in at SEK1.781 billion, or SEK4.29 per share. This compares with SEK1.225 billion, or SEK2.92 per share, in last year’s third quarter.

The company’s revenue for the quarter rose 19.6% to SEK15.768 billion from SEK13.184 billion last year.

Alfa Laval earnings at a glance (GAAP) :

-Earnings (Q3): SEK1.781 Bln. vs. SEK1.225 Bln. last year.
-EPS (Q3): SEK4.29 vs. SEK2.92 last year.
-Revenue (Q3): SEK15.768 Bln vs. SEK13.184 Bln last year.

GSK: New Data Shows RSV Vaccine's Potential In Adults Aged 50 To 59 At Increased Risk For RSV-LRTD

GSK plc (GSK,GSK.L) reported positive preliminary results from phase III trial evaluating the immune response and safety of Arexvy in adults aged 50 to 59, including those at increased risk of respiratory syncytial virus lower respiratory tract disease due to certain underlying medical conditions. The company said the vaccine elicited an immune response that was non-inferior to that observed in adults aged 60 and above, meeting the trial’s primary co-endpoint. The co-primary endpoint was also met for the broader group of adults aged 50 to 59 enrolled in the trial. Safety and reactogenicity data were consistent with results from the initial phase III programme.

Tony Wood, Chief Scientific Officer, GSK, said: “We will submit these data for regulatory review as quickly as possible with the goal of offering adults in this age group the option of a vaccine for the first time.”

The vaccine is currently approved in the US for active immunisation for the prevention of RSV-LRTD in adults 60 years of age and older. It is approved in Europe, Japan and several other countries.

For More Such Health News, visit rttnews.com.

Essentra Sees Decline In Q3 Sales

Essentra Plc (FLRAF), a British supplier of plastic and fibre products, said on Wednesday that it expects a decline in sales for the third-quarter on softening demand.

For the three-month period to September 30, on a like-for-like or LFL, and trading day adjusted basis, the company’s revenue declined 7.1 percent from the same period last year.

Essentra noted that sales on a sequential quarter on quarter basis remained broadly stable as guided, whilst prior-year comparatives have started to ease after a strong first-half 2022 performance.

Looking ahead, the company said: “Reflecting the softer trading environment, the Board expects to deliver adjusted operating profit within its expectations for FY23, but towards the lower end.”

Lloyds Banking Group 9-month Profit Climbs; Reaffirms FY Outlook

Lloyds Banking Group plc (LLOY.L,LYG) reported that its profit attributable to ordinary shareholders for the nine months ended 30 September 2023 climbed to 3.84 billion pounds or 5.9 pence per basic share from 2.54 billion pounds or 3.7 pence per basic share in the prior year.

Profit before tax was 5.73 billion pounds up from 3.73 billion pounds in the previous year.

Underlying profit for the period was 6.06 billion pounds compared to 5.32 billion pounds in the prior year.

Total income, after net finance expense/income in respect of insurance and investment contracts, rose to 13.90 billion pounds from 11.42 billion pounds in the previous year.

For 2023, the Group still expects Banking net interest margin to be greater than 310 basis points, and return on tangible equity to be greater than 14 percent.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Heineken Q3 Revenue Rises, Confirms FY23 View

Dutch brewing major Heineken N.V. (HKHHF.PK) on Wednesday reported higher revenues for the third quarter. The company also confirmed its guidance for fiscal 2023.

Total revenues for the third quarter grew 2 percent to 9.604 billion euros 9.415 billion euros for the same period last year.

Adjusted revenue was 8.015 billion euros, compared to 7.788 billion euros.

Adjusted Net revenue organic growth was 4.5 percent for the quarter, and adjusted Net revenue per hectolitre organic growth was 9.7 percent.

Heineken volume grew 2.3 percent, while Beer volume organic growth was negative 4.2 percent on challenging economic conditions.

In the quarter, Premium beer volume fell 5.7 percent organically driven by Vietnam and the exit from Russia.

For the first nine months of 2023, the reported net profit was 1.92 billion euros, down from 2.20 billion euros last year.

Looking forward to fiscal 2023, the company said it continues to expect stable to mid-single-digit adjusted operating profit organic growth.

On Tuesday, shares of Heineken closed at 84.38 euros up 1.71% in Amsterdam.

Scania Reports Profit For Q3

Scania AB (SVKBY.PK), a Swedish auto major, on Wednesday posted a profit for the third-quarter, amidst an increase in revenue, supported by higher demand.

For the three-month period to September, the Group posted a net income of SEK 3.933 billion, compared with a loss of SEK 3.614 billion, recorded for the same period last year. Last year’s earnings were impacted by a loss from discontinued operations of SEK 4.309 billion.

Net income from continuing operations surged to SEK 3.884 billion from previous year’s SEK 695 million. Net profit from discontinued operations was at SEK 49 million as against a loss of SEK 4.309 billion in 2022.

Operating earnings more than doubled at SEK 5.207 billion, compared with last year’s SEK 2.215 billion.

Excluding items, operating income stood at SEK 5.464 billion as against SEK 3.072 billion in 2022.

Operating margin stood at 11 percent, versus previous year’s 5.6 percent.

Adjusted operating margin improved to 11.5 percent from 7.7 percent a year ago.

Order intake improved to 23, 083 from 19,337 of previous year period. However, deliveries moved down to 21, 293 vehicles from 21,550 vehicles in 2022.

Net sales up SEK 47.372 billion from SEK 39.806 billion of previous year period.

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