Volvo Group Q1 Adj. Operating Income Rises; Adj. Sales Up 11%

‘Star Trek: Picard’ Season 2, Episode 8 Recap: Mind Melt

Vulcan mind melds have traditionally been depicted as an intimate telepathic linking of minds — but they can erase memories, too.

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By Sopan Deb

Opinion | Some People Turn Suffering Into Wisdom

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By David Brooks

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Salzgitter Q1 Preliminary Earnings Before Taxes Rises

Salzgitter Group (SZGPF.PK,SZGPY.PK) reported preliminary earnings before taxes of 465 million euros in the first quarter of 2022, thereby notably exceeding current market expectations. It had reported earnings before taxes of 117 million euros in the first quarter of 2021.

The performance was especially attributable to the gratifying results of the Steel Production and Trading business units, as well as to a contribution of 62 million euros from Aurubis AG, a participating investment included at equity.

The Salzgitter Group’s external sales rose by around 60 percent to 3.4 billion euros from the previous year.

The company raised the earnings guidance for the financial year 2022 and now anticipates earnings before taxes to be between 750 million euros and 900 million euros.

Complaint About Bill Murray Leads Searchlight to Halt Filming of ‘Being Mortal’

The suspension happened after an allegation of “inappropriate behavior’’ by the actor, a person involved with the production said.

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By Colin Moynihan and Nicole Sperling

Metro Q2 Preliminary Loss/shr Widens; Lifts FY Outlook

Metro (MTTWF.PK) reported that its preliminary loss per share for the second quarter widened to 0.78 euros from 0.36 euros in the previous year, hurt by the war-related
impacts of more than 200 million euros.

Adjusted EBITDA for the second quarter grew to 157 million euros from 114 million euros last year.

Quarterly sales, constant currency, grew by 26% compared to previous year.

The company has increased its outlook for sales and EBITDA for the financial year 2021/22.

Metro now expects annual EBITDA adjusted to grow slightly to moderately compared to the prior-year. Previously, it expected annual EBITDA adjusted on the level of the past financial year 2020/21.

The company now projects annual sales growth to be about 9% to 15% compared to the previous year. Previously, it expected sales growth to be 3% to 7%.

Metro continues the execution of its sCore strategy and reconfirmed its mid-term ambition of 3-5% sales and EBITDA CAGR in the period 2022-2025.

PHOTOS: Students participate in American Revolutionary War reenactment

Students from Jefferson and Douglas County schools dressed up and acted the part of American Revolutionary and British soldiers, along with their allies on both sides, for a 1778 American Revolutionary War reenactment at Chatfield State Park on April 21, 2022.

The event, which was attended by hundreds of students and parents, was presented by You Can Live History, a local non-profit that provided the kids with authentic storytelling, uniforms, equipment, muskets, cannons — all firing flour ammunition — and a film crew to document a short film of their experience.

EssilorLuxottica Q1 Revenue Up 11.5% At Constant Exchange Rates On Comparable Basis

EssilorLuxottica (ESLOF.PK,ESLOY.PK) reported first quarter consolidated revenue of 5.61 billion euros, a year-on-year increase of 33.1% at constant exchange rates, or up 38.1% at current exchange rates. On a comparable basis, revenue grew by 11.5% at constant exchange rates, or up 15.7% at current exchange rates.

Francesco Milleri and Paul du Saillant, respectively CEO and Deputy CEO of EssilorLuxottica, said: “We’re very pleased to report a strong start to the year, with a solid performance in all regions and divisions showing positive results. The fast-pace integration of GrandVision represents a meaningful milestone in our journey as a vertically integrated network company, committed to growing the industry for all stakeholders.”

Volvo Group Q1 Adj. Operating Income Rises; Adj. Sales Up 11%

Volvo Group (VOLVY.PK) reported that its economic activity continued to be good in first quarter 2022 with high transport volumes and good construction activity in most markets. Compared with a year ago, the company recorded higher adjusted operating income mainly due to price realization and improved vehicle and service volumes.

First quarter adjusted operating income increased to 12.7 billion Swedish kronor from 11.8 billion Swedish kronor, prior year. The company noted that it achieved an adjusted operating margin of 12.0% compared to 12.6%, despite a challenging supply chain situation.

Income for the period to owners of AB Volvo declined to 7.03 billion kronor from 8.84 billion kronor, prior year. Earnings per share was 3.46 kronor compared to 4.35 kronor. Reported operating income was 8.56 billion kronor compared to 12.07 billion kronor, last year. The company noted that this included a negative effect from
provisioning of assets related to Russia in an amount of 4.12 billion kronor.

First quarter net sales grew by 12% to 105.3 billion Swedish kronor. Net sales, excluding UD Trucks, was 105.32 billion kronor compared to 88.58 billion kronor. Adjusted for currency movements and the divestment of UD Trucks, the increase in sales was 11%.