Freenet AG Issues Medium-term Outlook – Quick Facts

freenet AG (FRAGF.PK) said its EBITDA is anticipated to rise at an average annual growth rate of more than four percent to at least 520 million euros by 2025. Free cash flow is projected to rise in line with EBITDA to more than 260 million euros over the same period. The company noted that it will continue to distribute 80 percent of its free cash flow to shareholders.

The company’s management announced a multi-dimensional transformation of the organisation to help achieve the goals. Digitalisation, standardisation and a more
uniform management will be used to establish an even more efficient and results, freenet said.

Ian King Business Podcast: Interest rates, mining sustainability and Wizz Air profits

Ian King speaks to the chief European economist for PGIM Fixed Income ahead of the Bank of England’s decision on interest rates.

Plus, he hears from the chief executive of engineering firm – Weir Group – about how prepared it is for a low-carbon future. And Wizz Air’s chief executive joins the show to discuss its latest quarterly profits.

Herald morning quiz: November 5

Test your brains with the Herald’s morning quiz. Be sure to check back on nzherald.co.nz for the afternoon quiz.

To challenge yourself with more quizzes, CLICK HERE.

Callon Petroleum Gains On Q3 Profit

Callon Petroleum Co. (CPE) shares are rising on Thursday morning trade after the company reported profit for the third quarter.

The quarterly net profit was $171.90 million compared to net loss of $680.38 million in the prior year. On an adjusted basis, earnings were $137.9 million, or $2.93 per share. Analysts were looking for earnings of $2.52 per share.

Currently, shares are at $56.78, up 6.76 percent from the previous close of $53.19 on a volume of 1,960,551. For the 52-week period, the shares have traded in a range of $5.35-$61.49 on average volume of 1,776,233.

SunPower Shares Slip 6% On Q3 Loss

Shares of solar technology company SunPower Corp. (SPWR) are trading down 6 percent on Thursday after it turned to loss in the third quarter.

During the three-month period, the company posted net loss of $84.4 million or $0.49 per share, compared to net income of $109.5 million or $0.57 per share in the same period last year.

Excluding items, the company reported income of $9.8 million or $0.06 per share, compared to loss of $6.5 million or $0.04 per share in the year-ago period, while analysts expected earnings of $0.02 per share in the quarter.

Quarterly revenues rose to $323.6 million from $274.8 million in the previous-year period, while analysts were looking for revenues of $332.9 million for the period.

Currently at $30.80, the stock has traded between $17.21 and $57.52 during the past 52 weeks.

One man dead in two-vehicle crash in Denver – The Denver Post

One man died in a car accident involving two vehicles Wednesday evening.

Denver officers responded to the crash at North Pecos Street and Dixie Place some time before 6:19 p.m.

The crash involved a truck and a Honda CR-V. A man inside the truck was taken to the hospital where he was pronounced dead, according to an officer at the scene. A woman in the CR-V had minor injuries.

Police did not provide details into the circumstances surrounding the crash, but said the man wasn’t wearing his seat belt.

Read more at thedenverchannel.com.

Rimini Street Stock Tanks Nearly 30% On Quarterly Results

Shares of Rimini Street Inc. (RMNI) are tanking nearly 30% on Thursday morning after the company reported a wider loss for the third quarter despite increase in revenues.

RMNI is currently trading at $8.06, down $3.24 or 28.68%, on the Nasdaq, on a heavy volume of 4.5 million shares, above average volume of 0.5 million shares.

Third-quarter net loss was $6.7 million or $0.08 per share, wider than last year’s loss of $3.1 million or $0.04 per share last year.

Revenues for the quarter increased 15.9% to $95.6 million from $82.5 million last year, with US revenues up 4.8% and international revenue up 31.4%.

Swedish start-up Quartr gains high-profile backers to modernize investor relations

A new start-up is attempting to modernize the investor relations industry to meet the surge of new retail investors.

Swedish start-up Quartr recently raised $4.5 million to help build out its product, which includes recordings of earnings calls and financial documents from major companies. Investors in Quartr include executives at the Ritholtz Group — such as Barry Ritholtz, Michael Batnick and CNBC contributor Josh Brown — and former Spotify executive Peter Sterky.

The company, which has 23 employees, was founded in 2020 and launched its app earlier this year, CEO Sami Osman said. The company sees its customer base as both retail investors and the companies, who can use the app and how users interact with it to learn more about investor sentiment.

Osman said that the data uploaded for retail investors to use will be free but there will also be a premium service for companies to use.

"We want to bridge that gap where not everybody can buy terminals that can cost up to $30,000 a year, and we know there a lot of sophisticated retail investors who want to access this information," Osman said.

The company's app can be downloaded onto smartphones, and users do not need to create an account or enter personal information in order to use it.

Quartr has raised more than $6 million to date. Osman declined to give the total number of users but said the company had users from 160 countries, with the U.S. being the biggest market.