IMMOFINANZ AG – Earnings update Earnings update 1Q16-ended 31-July-2016: revenue slipped 3.7% YoY to EUR 103.4m, which was due to drop in rental income in its major markets like Russia, Austria and Poland. EBIT dropped 3.6% YoY to EUR 45.3m,… Read More ›
Solstad Offshore the Norwegian offshore vessel contractor, amidst a major debt restructuring, as it repaid its NOK 700m senior unsecured FRN’s due on 25 February 2016. Furthermore, as per the company’s 4Q15 earnings presentations, Solstad had successfully refinanced 65% and… Read More ›
Ocean Rig to end relationship with Dryships by buying back the remainder 40% stake, although operational woes continue.
Ocean Rig UDW Inc. (NASDAQ:ORIG), the Norwegian offshore drilling contractor has agreed to buy all of Dryships’ shares in Ocean Rig for total cash consideration of approximately USD 49.9m via its newly created unrestricted subsidiary, Ocean Rig Investments. Post this… Read More ›
Songa Offshore, the Cyprus-based offshore driller has announced plans to restructure its finances by offering a convertible bond of USD 100m with an option to upsize to USD 125m, raising fresh equity of up to USD 25m at NOK 0.15… Read More ›
In February, FCA posted a 22.4% year-over-year increase in European sales, compared with 14.0% for the industry. As a result, FCA’s ranking improved to fourth overall in Europe, with market share up 50 basis points to 7.4%. All FCA brands… Read More ›
15 March 2016: Fiat Chrysler Automobiles N.V. (“FCA“) (NYSE: FCAU/MTA: FCA) announced today that its subsidiary FCA US LLC (“FCA US”) has entered into amendments to its Term Loan maturing in 2017 and its Term Loan maturing in 2018 (collectively,… Read More ›
Weir Group Plc, the United Kingdom based designer and manufacturer of high-end engineering products and services in FY15 reported 21.3% YoY decline in its revenue to GBP 1.98bn, as order input declined across all its segments. During the period overall… Read More ›
Seadrill’s cost preservation programme boosts adj. EBITDA margin to 55.9% in FY15; however huge debt load maturing in FY16-17 has forced the company to hire a financial adviser.
Seadrill Ltd (SDRL: NYSE), the Norwegian offshore drilling company presented its FY15 results on 26 February, reporting a 13.2% YoY decline in revenue to USD 4.3bn due to prolonged downturn in the offshore drilling market, resulting in higher idle time… Read More ›
Wittur AG, the German elevator component manufacturer, in its preliminary FY15 earnings release reported a 12.7% YoY increase in top-line to EUR 588. Previously in 9M15, revenues and adjusted EBITDA had increased 16.8% YoY and 16.1% YoY to EUR 455m… Read More ›