BROOMFIELD, Colo., Aug. 3, 2023 /PRNewswire/ — Gogo Business Aviation (NASDAQ: GOGO) today introduced AVANCE LX5, a value-priced and easy box swap for AVANCE L5 owners to upgrade to Gogo 5G that eliminates the need to install a second Line Replaceable Unit (LRU) on their aircraft. “The new 5G AVANCE system is evidence of our… Continue reading Gogo Introduces AVANCE LX5 for Easy L5 Upgrade to Gogo 5G Connectivity
Tag: Strategy
Timken Reports Strong Second-Quarter 2023 Results
Record sales of $1.27 billion, up 10 percent from last year Second-quarter EPS of $1.73; adjusted EPS of $2.01 Net income margin of 9.8 percent; adjusted EBITDA margin of 20.7 percent Repurchased 1.3 million shares during the quarter Updates 2023 outlook; now expects 2023 EPS of $5.70-$6.10, with adjusted EPS of $6.90-$7.30 NORTH CANTON,… Continue reading Timken Reports Strong Second-Quarter 2023 Results
ProLogium Welcomes the Green Light Given By the European Commission for Public Grant for Its Gigafactory Project in Dunkirk
PARIS, Aug. 3, 2023 /PRNewswire/ — ProLogium, an energy innovation company specializing in the R&D and manufacturing of next-generation EV solid-state battery solutions has selected France as the location for its first large-scale solid-state battery manufacturing plant outside Asia. Today, the European Commission greenlights a substantial grant to support ProLogium’s scale-up project in Europe, highlighting ProLogium’s… Continue reading ProLogium Welcomes the Green Light Given By the European Commission for Public Grant for Its Gigafactory Project in Dunkirk
Europa Wire: ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges000707
ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges (IN BRIEF) During the first half of 2023, ZF reported sales of €23.3 billion, a 10 percent increase from the previous year. The company’s adjusted EBIT reached €941 million, maintaining an EBIT margin of 4.0 percent. Despite challenges from inflation and… Continue reading Europa Wire: ZF Reports Strong H1 2023 Results and Confirms Full-Year Outlook Amid Global Market Challenges000707
Temasek to invest $145m in M&M’s EV unit for up to 3% stakeMahindra Electric Automobile Limited (MEAL) has been valued at $9.8b in the deal.
Mahindra & Mahindra on Thursday said Singaporean state investor Temasek Holdings will invest up to Rs 1,200 crore ($145.02 million) in its EV business at a valuation of Rs 80,580 crores ($9.8 billion). Temasek will take a 1.49% to 2.97% stake in MEAL (Mahindra Electric Automobile Limited), the four-wheeler passenger electric vehicles company. Temasek will join… Continue reading Temasek to invest $145m in M&M’s EV unit for up to 3% stakeMahindra Electric Automobile Limited (MEAL) has been valued at $9.8b in the deal.
U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Prime Minister of Mongolia met and held a press conference with Vice-President Harris today as part of his first official visit to the United States Direct flights between the two countries planned to commence in 2024 Mongolia and the U.S. signing agreements this week to strengthen their bilateral relationship ULAANBAATAR, Mongolia, Aug. 2, 2023 /PRNewswire/… Continue reading U.S. and Mongolia strengthen strategic partnership as direct flights planned for 2024
Change in Kamux’s Group Management Team
HAMEENLINNA, Finland, Aug. 2, 2023 /PRNewswire/ — Kerim Nielsen, Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of Kamux Corporation in early 2024. He will continue in his current position at least until December 31, 2023. The recruitment process for his successor will be… Continue reading Change in Kamux’s Group Management Team
Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
ZUG, Switzerland, Aug. 2, 2023 /PRNewswire/ — Capri Sun Group Holding AG, the no. 1 kids drink brand in the world, has announced today that it will take back the sales and distribution of its iconic pouch drinks in France, Monaco, Great Britain, Netherlands, Belgium, Luxemburg, Sweden, Spain, and Portugal in 2024, bringing to an… Continue reading Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
Wesco International Reports Record Second Quarter 2023 Results
Net sales a record $5.7 billion, up 5% YOY Organic sales growth of 3% YOY Operating profit of $364 million; operating margin of 6.3% Adjusted EBITDA of $442 million, flat YOY; adjusted EBITDA margin of 7.7% Gross margin of 21.6%, down 10 basis points YOY Earnings per diluted share of $3.41 Adjusted earnings per diluted… Continue reading Wesco International Reports Record Second Quarter 2023 Results
European Corporate Light Vehicle Leasing Market: Disruptions to the Supply Chain Brought About by Geopolitical Chaos are Leading to New Strategies and Diversifications in Product Offerings
DUBLIN, Aug. 3, 2023 /PRNewswire/ — The “Growth Opportunities in European Corporate Light Vehicle Leasing Market by Fleet Size” report has been added to ResearchAndMarkets.com’s offering. This study examines the European corporate light vehicle leasing market across the passenger vehicle (PV) and light commercial vehicle (LCV) segments. Vehicle leasing solves several challenges associated with an organization’s… Continue reading European Corporate Light Vehicle Leasing Market: Disruptions to the Supply Chain Brought About by Geopolitical Chaos are Leading to New Strategies and Diversifications in Product Offerings