In trading away an NBA champion, the Raptors got Gary Trent Jr., Rodney Hood, a Norm Powell Players Tribune letter and a new best friend for OG Anunoby.
In trading away an NBA champion, the Raptors got Gary Trent Jr., Rodney Hood, a Norm Powell Players Tribune letter and a new best friend for OG Anunoby.
Bilia has today concluded an agreement to acquire an authorised Mercedes dealer, Upplands Motor Stockholm AB, who conduct sales and service operations for Mercedes cars, transport vehicles and trucks at four facilities in the Stockholm area in Sweden. The agreement is subject to approval by the Swedish competition authority. Bilia is expecting to take over the operations on 1 July 2021. The business that is acquired reported for 2020 a turnover of about SEK 1,200 M and an operating profit of SEK 48 M. The number of employees is about 250. The operation’s capital employed and agreed surplus values amount to about SEK 220 M. The Bilia Group’s capital employed and net debt are estimated to increase, related to the acquisition, by about SEK 350 M. Per Avander, Bilia’s MD and CEO, comments:”I’m very happy and proud that Bilia in the future will work with Mercedes, which will be an excellent addition to Bilia’s current car brand portfolio. Through the acquisition, we are also adding a new and interesting business area to Bilia in the form of heavy trucks, in which Mercedes is one of Europe’s largest and most successful players.” Oskar Lindström, Chairman of the Board at Upplands Motor Holding, comments:”We are very happy to have Bilia as new owner of Upplands Motor’s Mercedes operations. Bilia’s customer focus, competence and experience are important in the further development of the Mercedes business. A business that we are proud to have been entrusted with from Mercedes-Benz to develop in Stockholm. Bilia becomes a strong partner to Mercedes-Benz to continue that work.” Niels Kowollik, MD Mercedes Sweden, comments:”I’m pleased that Bilia, as one of Sweden’s most experienced and knowledgeable players, who also has experience of working with premium brands, has acquired Upplands Motor. They are good at offering concepts that are appreciated by customers, which we see as an important part of future car sales. I look forward to a good collaboration with Bilia.” Gothenburg, April 23, 2021 Bilia AB (publ) This is information that Bilia AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on April 23, 2021, at 08:10 CEST. For information please contact: Per Avander, Managing Director and CEO, +46 (0)10 497 70 00, email@example.com Kristina Franzén, CFO, +46 (0)10 497 73 40, firstname.lastname@example.org Facts about the Bilia Group Bilia is one of Europe’s largest car dealers with a leading position within service and sales of cars and transport vehicles. Bilia has about 140 facilities in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Renault, Lexus, MINI, Dacia, Alpine and transport vehicles of the brand Renault, Toyota and Dacia. Bilia offers new and used cars, e-commerce, spare parts and store sales, service and repair workshops, tyres and car glass and financing, insurance, car washes, fuel stations and car dismantling under the same roof, which gives a unique customer offer. Bilia reported a turnover of about SEK 30 Bn in 2020 and had about 4,700 employees. Attachment Bilia acquires Upplands Motor Stockholm AB, a Mercedes dealer for cars, transport vehicles and trucks
* Graphic: World FX rates https://tmsnrt.rs/2RBWI5E * Dollar pinned lower before Fed meets next week * Euro down after Lagarde curbs tapering speculation * Ether, bitcoin skid on Biden tax reform worries By Stanley White and Kevin Buckland TOKYO, April 23 (Reuters) - The dollar was hemmed into a narrow trading range near multi-week lows against its major peers on Friday, as traders contemplate the next moves by major central banks ahead of a U.S. Federal Reserve meeting next week. Cryptocurrency ether tumbled more than 10% and bigger rival bitcoin slid 5% amid speculation that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets. The euro nursed losses after European Central Bank President Christine Lagarde squashed expectations that policymakers will start to consider a tapering of bond purchases due to an improving economic outlook.
Aiea, Hawaii, April 23, 2021 (GLOBE NEWSWIRE) -- Slick Vision Tattoo & Laser Removal is home to Aiea, Hawaii’s most talented tattoo artists. The up-and-coming tattoo and laser removal studio is a one-stop-shop for anyone looking to get a new tattoo, remove an unwanted tattoo, or modify an existing tattoo. Slick Vision Tattoo & Laser Removal specializes in removing tattoo regret with complete tattoo removal, tattoo lightening for cover-ups, and selective removal for partial modification. Slick Vision Tattoo & Laser Removal uses the Astanza Duality laser to perform all laser tattoo removal services and help residents in the island of Oahu achieve their skin’s desired look. “Slick Vision Tattoo & Laser Removal was founded in hopes of helping people feel happy and comfortable in their skin. As tattoo artists, we love seeing the power that tattoos have on an individual. However, we also know the negative impact an unwanted tattoo or old can have on a person,” said Jayson Ramoran, owner. “With laser tattoo removal, we can erase tattoos that people no longer identify with, fade tattoos to create better cover-ups, and remove a specific part of a tattoo, like a name, without touching the surrounding ink. We are excited to introduce the Astanza Duality to local residents and continue delivering the best artwork.” The Astanza Duality is a cutting-edge Q-switched Nd:YAG device that uses ultra-quick pulse durations and intense peak power to safely shatter unwanted ink in the skin. The Duality is revered as one of the best lasers on the market and is trusted by leading physicians, medical spas, tattoo artists, and laser technicians worldwide. The Duality’s 532 nm and 1064 nm wavelengths can target and remove a wide variety of tattoo colors and are safe to use on all skin types. “Jayson and the Slick Vision Tattoo & Laser Removal team are a group of passionate tattoo lovers,” said Opal Taskila, Astanza Sales Representative. “Their investment in the Duality is proof of their commitment to delivering the best tattoo and laser removal results throughout the island of Oahu.” About Slick Vision Tattoo & Laser Removal Slick Vision Tattoo & Laser Removal is a full-service tattoo studio and laser tattoo removal shop located in Aiea, Hawaii. They provide expert tattooing, complete tattoo removal, selective tattoo removal, and fading for cover-ups. Their laser technicians received expert training from New Look Laser College, the world’s leading laser tattoo removal training program, and received the designations of Certified Laser Specialist (CLS) and Laser Safety Officer (LSO). To schedule a consultation or learn more about their services, visit https://www.slickvisiontattooandlaserremoval.com/ and follow them on Instagram. Slick Vision Tattoo & Removal is located at the Aiea Commercial Center, 99-185 Moanalua Rd. Suite 103 Aiea, Hawaii 96701. About Astanza Laser Astanza is the leader in lasers for tattoo removal, hair removal, and additional aesthetic procedures. In addition to delivering cutting-edge medical laser devices such as the Duality, Trinity, MeDioStar, and DermaBlate systems, Astanza offers its customers a complete range of training, marketing, and business consulting services to achieve success in this growing field. Astanza is an award-winning company that has received several accolades from leading industry organizations, including MyFaceMyBody and Aesthetic Everything. They are also certified as a “Great Place to Work”. Astanza Laser is headquartered in Dallas, TX, with customers throughout North America and Europe. For product, investor, or press information, call (800) 364-9010, or visit https://astanzalaser.com/. Connect with Astanza on LinkedIn, Facebook, Instagram, Twitter, and YouTube. CONTACT: Astanza Laser Astanza Laser (800) 364-9010 email@example.com
A casualty of the collapsing European Super League could pave the way for the return of an England international.
India recorded the world's highest daily tally of coronavirus cases for a second day in a row on Friday surpassing 330,000 new cases, while daily deaths from COVID-19 also jumped by a record 2,263. The spike came as twelve people died in a fire at a Mumbai hospital treating COVID-19 patients in India on Friday. Health officials across northern and western India, including the capital, New Delhi, have said they are in crisis, with most hospitals full and running out of oxygen.
‘What I saw in the video was another George Floyd,’ attorney says
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Šiaulių Bankas AB, company code 112025254, domicile address Tilžės st. 149, LT-76348 Šiauliai, Lithuania.The General meeting of shareholders held on 31 March 2021 approved allocation of the profit of Šiaulių Bankas AB which included a pay-out of dividends - 0.0055 euro shall be paid for each ordinary registered share with a nominal value of 0.29 euro. Dividends shall be paid out to persons who were the shareholders of Šiaulių Bankas AB at the end of the record day - 15 April 2021. The Bank shall pay out dividends on 28 April 2021 in compliance with the following procedure:- those shareholders whose shares are being accounted in the securities accounts with banks and financial brokerage companies rendering investment services will receive an amount of dividends after deduction of Personal Income Tax or Corporate Profit Tax in compliance with the laws of the Republic of Lithuania which shall be transferred to the accounts with the respective banks or financial brokerage companies; - for shareholders whose shares are accounted for in Šiaulių Bankas AB in the issuer's accounting, the amount of dividends, after deducting personal income tax or income tax in accordance with the laws of the Republic of Lithuania, will be transferred to the account with Šiaulių Bankas AB specified by the shareholder. If the shareholder has not specified an account with Šiaulių Bankas AB for the transfer of dividends, he/she must submit an application for the transfer of dividends. Applications are accepted from 28 April 2021 in all customer service points of Šiaulių Bankas AB. As long as the quarantine regime is in force, in accordance with security requirements, before going to the customer service department, it is necessary to register for a visit on-line at www.sb.lt or by phone 1813. Applications for dividend transfer can also be submitted via the bank's online banking. Taxation of dividends:- Dividends of natural persons residents of the Republic of Lithuania and foreign countries shall be subject to 15 per cent of the Personal Income Tax rate; - Dividends of legal entities residents of the Republic of Lithuania and foreign countries shall be subject to 15 per cent of the Corporate Profit Tax rate, unless otherwise provided for in the laws. Additional information:Director of Securities Accounting Department Jolanta Dobiliauskienė+370 41 595 669, e-mail firstname.lastname@example.org
TW: This article talks openly and frankly about the death of loved ones Death doesn’t usually come up over an oat latte or a bottomless brunch. It doesn’t feel appropriate to ask your boss for a month off after a significant loss, despite the fact that your life has changed irreversibly. There’s an expectation that grief expires, that its grip on our heart relaxes and we can continue on with our lives once a certain amount of time has passed. But that’s simply not true. Grief is still a taboo subject. It is discussed straight after the death happens when there’s a wave of support but, a few weeks later, it begins to dwindle as life (and supposedly grief) moves on. In the UK, there’s no standardised bereavement leave so the only option is returning to work, and ‘normal’ life, a few days or weeks later. From then on, grief is swept under the carpet. It isn’t thrown into conversation over a coffee or slipped into a “How are you?” text from your friend. Those who are not going through it treat grief as if it is a burden; it weighs down a chat with an invisible black cloud that nobody knows how to deal with. There is a community on TikTok where this is not the case. The #grief hashtag on TikTok has over 436 million views, with thousands of stories of bereavement offering a much-needed dose of reality to those suffering in silence. On GriefTok, there’s no sugar-coating the loss of loved ones, no aesthetic filters to soften the blow. No one here is biting their bottom lip so as not to cry. Instead, users openly and honestly share the truth of unpredictable, lifelong grief. It is a nonjudgmental space where no one has to explain how grief feels as everyone else who is grieving already understands. According to Child Bereavement UK, one in 29 children between the age of 5 and 16 have been bereaved of a parent or a sibling — on average that’s one child in every class. In the UK alone, 111 children under the age of 18 lose a parent every day. I was one of those children. I was 16 when I lost my dad to a brain tumour. Having to explain to every single person that your parent has died is emotionally exhausting, especially when they respond with that look. It was refreshing, then, to find TikTok user @hiitsmisspetch making light of this experience in a video, listing the things people have asked her about her parents before responding, emotionless: “They’re dead.” @hiitsmisspetch Stuff people say whose parents have died #parents #grief #loss #griefandloss ♬ Oh No – Kreepa It is the honesty of @cayleighs_car_chats who records herself singing along to “Killing Me Softly” before bursting into tears as she remembers singing the song with her brother and sister who passed away. It is the raw display of emotion from @kristen_barness who records a video through floods of tears, sharing how her sister used to do her makeup when she felt insecure. Now that her sister’s gone, she struggles to do it herself. Videos from brave women like this remind us that even small, everyday tasks are filled with emotions and memories which make daily life so bittersweet after losing someone you loved. Users on GriefTok often choose to capture a very specific moment in their grief journey for their videos, from revisiting a parent’s grave after 20 years to letting go of their possessions and the empty chair at the dining table. Each video is a snapshot of living with loss which beautifully encapsulates the sadness and the joy in remembrance. Since bereavement isn’t discussed openly, we haven’t all developed the language to talk about grief. Out of fear of saying the wrong thing, friends stop mentioning the death at all. Yet according to a survey by Child Bereavement UK, 26% of adults who have lost a close family member wish their friends would mention by name the person who died, while a tenth of all adults say some of their friends actively avoided them after they lost a loved one. It’s never been more important for grievers to feel heard; the UK saw 70,000 excess deaths in the pandemic, bringing the total of bereaved individuals to an estimated 2.6 million in 2020 alone. @cayleighs_car_chats #grief is Killing Me Softly… #grieving #griefjourney #griefandloss #fypage #fyp #reality #normalizegrief ♬ original sound – Cayleigh Pina As anyone who has been bereaved will tell you, grief doesn’t have an expiration date. It’s not something you ‘get over’; you can feel the loss as fervently as ever, decades after it happened. As someone who is well acquainted with grief, I found the discussions about grief on TikTok heartbreakingly honest and relatable. When my dad died, I felt like a part of me died with him. He was 46, full of life and, until he was diagnosed, the healthiest person I knew. Death is always a shock, even if someone has a terminal illness. Nothing quite prepares you for their death nor anyone else to be able to support you. I felt so alone in my grief, even though my family and I were going through the same loss. I had to sit my GCSE exam several hours after he died, go to school every day, get my A-levels. I was forced to return to everyday life as though nothing had changed and, while I tried, sometimes I couldn’t get out of bed. I shut down because I didn’t know how to express how I felt. I certainly didn’t know that I’d have to learn to live with my grief – that it doesn’t go away. @kristen_barness ##imissyousissy ##llt ##grief ♬ Heal – Tom Odell The pain is in the small moments too, as TikTokers Cayleigh and Kristen highlighted. I’d go out for dinner with my family and the waiter would remove the fourth place at the table. I’d listen to my friends tell me what they were getting their dad for Father’s Day or how they’d argued with him over a party. Death fundamentally makes people very uncomfortable. But as @hiitsmisspetch’s video and the thousands of comments beneath it point out, sometimes the reality of a situation needs to be said directly, in order to just get through it. Initially I didn’t know how to talk about grief; I didn’t have the words as I hadn’t been taught them. GriefTok is a space for everyone to share the intimate and painful details of death in a very public, frank way. As a watcher, I don’t have to comment or engage if I don’t feel up to it. I can just listen to stories and feel less alone in my grief as I know the other users understand. Listening also helps you develop the language to talk about your own grief: sometimes people can describe how you’re feeling even when you can’t. The GriefTok community is changing the dialogue around grief for the better by offering more than a condolence after a death. It’s about sustaining a lifelong and compassionate conversation about grief. In the same way that you’ve probably tried the TikTok wrap hack or used the platform to learn a new dance, think of GriefTok as a reminder to check in with your grieving friends months and even years after the death; keep the dialogue honest and ongoing. Sadly, everyone will get to know the shorthand of grief eventually in their lifetime. Until that day, observe GriefTok, empathise and, most importantly, bring that dialogue into the real world. Like what you see? How about some more R29 goodness, right here?The Bucket Hat That Helped Me Grieve My FatherHow Bereavement Doulas Help Women After LossHow Activism Helped Heal My Grief
Dear Daniela,How important is it to drink water for your skin? I constantly hear beauty influencers and celebrities saying that water is their ultimate beauty secret, and I see people on TikTok challenging themselves to drink these massive bottles of it every day. I know water is good for you but will it really affect my skin? How much do I need to drink?Alannah, 29 As a cub reporter, I was sent backstage at more fashion shows than I can remember. I would have to sweet-talk stern women with clipboards and ear pieces to get in, then duck flying cans of hairspray and sidestep clothes rails speeding towards me. My goal? Approach the models and ask them for their ‘beauty secrets’ while they sat in hair and makeup, legs akimbo, in a folding chair, scrolling on their phones. Sometimes one of them would reveal a cool French pharmacy product I’d not heard of before, or maybe even tell me their favourite facialist. But for the most part they’d intone: “I drink a lot of water.”You’re absolutely right that water is non-negotiable in anyone’s daily regime, for health and beauty reasons, and like you I’ve seen the curious trend of the ‘two gallon’ challenge. If you were previously exclusively drinking juice, fizzy drinks or coffee, drinking more water will almost definitely make you feel better. I mean, humans are about 70% water. We’re cucumbers with imposter syndrome! But what is the tipping point in terms of it actually helping our skin? “Water is the main component of our cells and tissues, and represents the majority of our body’s composition,” confirmed Dr Costas Papageorgiou, a plastic surgeon and aesthetic doctor. “Some studies show an increase in what we call ‘deep’ skin hydration after additional water intake, as well as reductions of the clinical signs of dryness and roughness, plus an increase in the elasticity of the skin. However, a clear definition of our daily water requirements does not exist,” he added.There are a few guidelines bouncing around. Dr Papageorgiou pointed to an American recommendation of 2.7 litres and 3.7 litres a day for men and women respectively, and a more conservative recommendation from the European Food Safety Authority (EFSA) of 2l and 2.5l of water per day for women and men. The British Dietetic Association suggests even less at 1.5 to 2 litres a day. The popular maxim that eight glasses a day is the magic number comes from a recommendation made all the way back in 1945 and even in that recommendation, the following sentence noted that most of that water is actually found in foods. Apples, spinach, tomatoes – lots of fruits and vegetables are high in water, and it’s advisable to eat your water as well as drink it. “Cutaneous water content, or the amount of water in the skin, is known to play an important role in different skin functions, such as the water ‘barrier‘ and water deficiency is associated with several dermatological dysfunctions,” explained Dr Papageorgiou. Not staying adequately hydrated could indeed make your skin feel tight, dry and itchy, especially if you’re already prone to eczema or dermatitis. Hydrated skin also reflects light better, which can give you a dewier, fresher face, but there’s no study which says a certain, exact amount will tip you over into ‘unlocking’ the benefits of skin hydration. No doubt anyone who has acne will have been told at some point to drink more water, which must be just as annoying as “just wash your face”. Perhaps unsurprisingly, there’s nothing to say that chugging Evian will do much for breakouts. “More research is needed to confirm whether drinking more water can improve acne,” said Dr Papageorgiou. “Water is essential to proper detoxification, as it helps carry nutrients through your body, flush out toxins and keep your liver and kidneys working efficiently.” One really important thing to take away there: when Dr Papageorgiou says ‘detoxification’, he’s talking about your body’s own detoxification system of kidneys, liver and sweat, not green juices, herbal teas or ‘clean’ eating. The best way to think about water as part of your skincare routine is as a foundational layer that will almost undoubtedly support your skin’s health but probably won’t fundamentally change how it looks or feels in the same way skincare or even injectables might. If you know you don’t drink much – or really any – water and your skin is feeling dry and/or you’re bothered by breakouts, increasing your water consumption is probably advisable and hopefully it will help. Just like sleep and diet, you need to be at a point where what you’re aiming for is doable, sustainable and enjoyable for you. Some people need nine hours of shut-eye, others really are fine on five. Some people feel that dairy plays havoc with their complexion, others mainline cheese with little ill effect. Overhydration is absolutely a thing and it does happen. While I have no authority to comment on the safety of ‘water challenges’, some of the bottles I’ve seen people fight their way through are alarmingly large – even if it’s not dangerous, it’s almost certainly superfluous. One thing’s for sure: if someone tells you their only beauty secret is to drink water? Take it with a pinch of salt.Daniela Got a question for our resident beauty columnist Daniela Morosini? No problem, qualm or dilemma is too big, small or niche. Email email@example.com, including your name and age for a chance to have your question answered. All letters to ‘Dear Daniela’ become the property of Refinery29 and will be edited for length, clarity, and grammatical correctness. Like what you see? How about some more R29 goodness, right here?Will Drinking Chlorophyll Water Give Me Good Skin?Is Beauty Sleep Real? The Answer May Surprise YouDo Bottle Bags Make You Drink More Water?
Prince Charles’s model village architecture? Give me brutalism any day. There is a large cohort of people who despise the look, but I am a broad church when it comes to architecture
House of Cardin review – genial fashion futurist with an eye for expansion. Aside from some breathless celebrity endorsements, Pierre Cardin comes across as a designer ahead of his time, explored in a respectful, decent doc
India’s Covid nightmare – photo essay. As a new global record 314,835 for new Covid cases is set in India, hospitals are running out of oxygen and bodies are stacking up in morgues
From Line of Duty-core to fake houseplants: this week’s fashion trends. What’s hot and what’s not in fashion this week
Report condemns Home Office failures at barracks used to house asylum seekers. Exclusive: documents seen by the Guardian criticises serious errors in management of Napier and Penally sites
Opponents of LTNs claim they delay emergency services – but look at the facts. One thing is clear: there is virtually no evidence that low-traffic neighbourhood schemes hold up emergency vehicles
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. Interoil Exploration and Production ASA (the "Company") refers to its previous announcements regarding the Company's ongoing share issue with gross proceeds of up to NOK 30.4 million at a price per share of NOK 1.20 (the "Share Issue"). The application period for the Share Issue will expire today, 23 April 2021, at 16:30 (CEST). A national prospectus and a supplemental national prospectus setting out the terms of the Share Issue are available on the Company's web site: https://www.interoil.no/?page_id=5469 The Share Issue remains directed towards Norwegian retail and institutional investors and international institutional investors pursuant to and in compliance with applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions. Norwegian investors with access to VPS investor services may also access the Original Prospectus and the Supplemental Prospectus and submit applications online by using the following link: https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?ISIN=XL0010024772&TSted=000VP&Sig=d440afac9e282bab27d43d27f905c86cdc4f78f933940c6808ca09e7c2dc9caa Allocations of shares in the Share Issue will be made at the discretion of the Company's Board of Directors and the completion of the Share Issue is conditional upon approval by the Company's Board of Directors. Further information regarding the Share Issue and the terms thereof, is included in the Prospectus and the Supplemental Prospectus. Important Notice The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering or their securities in the United States or to conduct a public offering of securities in the United States. This communication is only being distributed to and is only directed at persons in the United Kingdom that are (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only for relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State. Please direct any further questions to: firstname.lastname@example.org. This announcement has been published by Mr. Geir Arne Drangeid (Partner and Senior Advisor, First House AS) at 08:00 CEST on 23 April 2021. This information is subject of the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.
Oslo, 23 April 2021: Yara reports improved first-quarter results, as improved pricing more than offset the impact of higher energy cost. First-quarter net income was USD 14 million (USD 0.05 per share) compared with USD -119 million (USD -0.43 per share) a year earlier. The main elements of the first-quarter results are: EBITDA excl. special items1 was USD 585 million, up from 504 million a year earlier, as improved pricing more than offset higher natural gas costContinued premium product growthUSD 2.7 billion free cash flow2 the last 12 months8.6% ROIC3, up from 6.9% a year earlier “Yara delivers its eleventh consecutive quarter with improved capital returns, with EBITDA excluding special items up 16%, and continued growth in premium sales. The Yara organization continues to perform well in a demanding environment,” said Svein Tore Holsether, President and Chief Executive Officer of Yara. "Our cash flow also continued to improve, with 2.7 billion US dollars of free cash flow generated over the last four quarters. We will consider further cash returns in the coming quarters, in line with Yara’s capital allocation policy,” said Holsether. First-quarter operating income was USD 322 million, compared with USD 248 million a year earlier. Earnings per share excluding currency effects and special items was USD 0.80, compared with USD 0.39 per share in first quarter 2020. EBITDA excluding special items was USD 585 million, compared with USD 504 million a year earlier.Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.Link to report, presentation and webcast 23 April at 12:00 CEST:https://www.yara.com/investor-relations/latest-quarterly-report/ 1) For definition and reconciliation of EBITDA excl. special items, see APM section in 1Q report page 272) Net cash provided by operating activities minus net cash used in investment activities, see cash flow statement in 1Q report page 143) Return on invested capital, for definition and reconciliation of ROIC see APM section in 1Q report page 29Note on Alternative performance measures: Alternative performance measures aredefined, explained and reconciled to the Financial statements in the APM sectionof the Quarterly report on pages 28-33.ContactThor Giæver, SVP Investor RelationsMobile: (+47) 480 75 356E-mail: email@example.comJosiane Kremer, Director External CommunicationsMobile: (+47) 481 80 451E-mail: firstname.lastname@example.orgAbout Yara Yara grows knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a planet respected, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a climate positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain. To achieve our ambition, we have taken the lead in developing digital farming tools for precision farming, and work closely with partners throughout the food value chain to improve the efficiency and sustainability of food production. Through our focus on clean ammonia production, we aim to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other energy intensive industries. Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s only global crop nutrition company. We operate an integrated business model with around 17,000 employees and operations in over 60 countries, with a proven track record of strong returns. In 2020, Yara reported revenues of USD 11.6 billion.www.yara.comThis information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments Yara 1Q 2021 Report Yara 1Q 2021 Presentation
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SCANFIL PLC INTERIM REPORT 23 APRIL 2021 9.00 A.M. Scanfil Group’s Interim Report for 1 January – 31 March 2021: Brisk trend in demand continued from the end of 2020 January - March Turnover totalled EUR 163.3 million (Q1 2020: 144.1), an increase of 13.4%Operating profit EUR 10.0 (8.6) million, 6.1% (6.0%) of turnover, an increase of 15.5%Net profit was EUR 7.6 (7.5) millionEarnings per share were EUR 0.12 (0.12)Dividend of EUR 0.17 per share for year 2020 to be paid on May 3, an increase in dividend for 8th consecutive year Future Outlook Scanfil estimates that its turnover for 2021 will be EUR 600 – 640 million and its adjusted operating profit will be EUR 40 – 44 million. The guidance for 2021 involves uncertainty arising from the potential negative impact of the availability of certain materials, especially semiconductors, and the COVID-19 pandemic on customer demand and the delivery capability of the component supply chain. Long-Term Target Scanfil’s long-term target: In 2023, Scanfil is organically aiming for EUR 700 million turnover and 7% operating profit. Key Figures Q1/2021Q1/2020Change%2020Turnover, EUR million163.3144.113.4 %595.3Operating Profit, EUR million10.08.615.5 %44.4Operating Profit, Adjusted, EUR million10.08.615.5 %39.1Operating Profit, %6.16.0 7.5Operating Profit, Adjusted, %6.16.0 6.6Net Profit, EUR million220.127.116.11 %36.9Net Profit, Adjusted, EUR million18.104.22.168 %32.5Earnings per Share, EUR0.120.121.0 %0.57Earnings per Share, Adjusted, EUR0.120.121.0 %0.50Return on Equity, %16.317.9 21.1Return on Equity, Adjusted, %16.317.9 18.4Equity Ratio, %52.148.8 54.3Net Gearing, %5.925.0 9.9Net Cash Flow from Operations, EUR million7.75.930.5 %35.2Employees (Average)3,2253,522-8.4 %3,387 CEO Petteri JokitaloThe turnover for the first quarter was EUR 163.3 million, an increase of 13% year-on-year. The customer demand recovery that had already started in the latter part of 2020 continued positively during the quarter. Demand for products related to sustainable energy, indoor climate, automation, collection solutions and elevators developed especially strongly. The trading business, which is now expected to be completed, was still contributing about EUR 8.1 million to sales during the quarter. COVID-19 is not over yet, and we successfully continued the fight against it; the performance of our personnel and factories has remained high this year. Although the availability of certain materials was critical, we did not suffer from any major material restrictions during the quarter. Continuous attention was paid and lot of actions taken to mitigate the risks and ensure the materials for production. Profitability developed as expected. The operating profit for the quarter was EUR 10.0 million, 6.1% of turnover and an increase of 16% on the previous year. A strong sales volume, especially in March, supported profitability, especially in factories in China, Poland and Estonia. However, low profit trading sales and Hamburg production transfer with an ongoing factory ramp down required extra resources and costs, which negatively impacted the operating profit margin slightly. Scanfil’s financial position is strong, allowing the planned investments and enabling flexibility for opportunities. In the first quarter, the net cash flow from operations, before investments and financial items, was EUR 7.7 (5.6) million. The equity ratio was 52.1%, and net gearing 5.9%. We continue the year with confidence. We have seen customers’ forecasts gradually rising, bringing confidence in demand. Key risks are associated with the continuing coronavirus pandemic and the availability of certain materials. We have identified these risks and launched appropriate mitigation actions. We are keeping our guidance unchanged and expect our turnover for 2021 to be EUR 600 – 640 million and our operating profit to be EUR 40 – 44 million. We’ve had a good start to the year! I want to thank our committed personnel for a job well done, and our customers for their support and trust. Financial Development The Group’s turnover for January – March was EUR 163.3 (144.1) million, an increase of 13.4% compared to the previous year. Turnover by customer segment developed as follows: Advanced Consumer Applications segments turnover increased compared to the previous year by EUR 11.7 million (37.7%). The key drivers behind the strong growth were new customers’ ramp-ups, good demand in elevator products and hand-over solutions. Automation & Safety segments turnover decreased compared to the previous year by EUR 3.4 million (-8.9 %). However the turnover has been growing steadily since the third quarter of 2020. This increase came broadly from the segment’s customers. Connectivity segments turnover increased compared to the previous year by EUR 0.7 million (9.2%). This sale growth came broadly from the segment’s customers.Energy & Cleantech segments turnover increased compared to the previous year by EUR 5.9 million (17.1%). The key drivers behind the strong growth were good demand in reverse vending machines, energy systems and indoor climate control systems. Medtech & Life Science segments turnover increased compared to the previous year by EUR 2.1 million (7.8%). The turnover has developed steadily since the second quarter of 2020. The Group’s operating profit for January – March was EUR 10.0 (8.6) million, 6.1% (6.0%) of turnover. The increase in operating profit is mainly due to higher net sales. The net profit for the review period was EUR 7.6 (7.5) million. Earnings per share for the review period were EUR 0.12 (0.12). Return on investment was 17.5% (17.8%). The Group’s effective tax rate was 18.2% (14.1%). Publication of financial releasesThis stock exchange release is a summary of the Scanfil Group’s Interim Report 1 January – 31 March 2021 and includes the most relevant information of the report. The complete report is attached to this release as a pdf file and is also available on the company’s website at www.scanfil.com. Webcast Q1 resultsA results conference, conducted in Finnish, will be held at 10:00 am as a webcast. You can register and join the webcast at https://scanfil.videosync.fi/2021-q1-tulos/register. Prior to the conference, the presentation material will be made available in English in here.SCANFIL PLCPetteri JokitaloCEOAdditional information: CEO Petteri JokitaloTel +358 8 4882 111Scanfil is an international manufacturing partner and system supplier for the electronics industry with 40 years of experience in demanding manufacturing. Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability. Typical Scanfil products are modules or integrated products for e.g. self-service application, automation systems, wireless connectivity modules, climate control systems, collection and shorting systems, analysers and environmental measurement solutions. Scanfil services are used by numerous international automation, safety, energy, cleantech, connectivity and health service providers, as well as companies operating in the field of urbanisation. Scanfil’s network of factories consists of 10 production units in Europe, Asia and North America. Not to be published or distributed, directly or indirectly, in any country where its distribution or publication is unlawful. Forward looking statements: certain statements in this stock exchange release may constitute "forward-looking" statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of Scanfil plc to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this stock exchange release, such statements use such words as "may," "will," "expect," "anticipate," "project," "believe," "plan" and other similar terminology. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of Scanfil plc to be materially different from those contained in forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking information contained in this stock exchange release is current only as of the date of this stock exchange release. There should not be an expectation that such information will in all circumstances be updated, supplemented or revised, except as provided by the law or obligatory regulations, whether as a result of new information, changing circumstances, future events or otherwise Attachment Scanfil Q1_2021 interim report