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Discover Latest #Rial News, Articles and Videos with Contenting
The following are news articles, blog posts, and videos related to Rial. You can explore them further for more information on the currency, its value, and its role in the global economy. News 1. Iran's Currency Reaches Record Low Against US Dollar In August 2018, Iran's currency, the rial, hit an all-time low against the US dollar. On August 8th, one US dollar was worth about 110,000 rials, making it more difficult for Iranian citizens to purchase goods and services. The drop in the value of the rial has been attributed to the upcoming sanctions from the US, as well as the country's economic mismanagement. 2. Iran Introduces New Currency In April 2019, the Iranian government announced that it would be introducing a new currency, the toman. The toman is equal to 10,000 rials, and was intended to reduce confusion and make transactions easier. The move was also seen as an attempt to boost the value of the rial, although it remains to be seen if this measure will be successful. Blog Posts 1. The Impact of US Sanctions on the Iranian Rial In this
Bavarian Nordic Announces Interim Results for the First Three Months of 2025 - ForexTV
COPENHAGEN, Denmark, May 9, 2025 – Bavarian Nordic A/S (OMX: BAVA) announced today its interim financial results and business progress for the first three months of 2025. Revenue for the first three months increased by 62% to DKK 1,347 million, reflecting a strong performance in both Travel Health and Public Preparedness. Travel Health revenue increased by 52% to DKK 680 million compared to the first quarter of 2024, primarily driven by increased demand for rabies and tick-borne encephalitis (TBE) vaccines.Public Preparedness revenue increased by 83% to DKK 629 million compared to the first quarter of 2024. This exceeded initial expectations due to successful efforts to advance the deliveries of a few, but larger, existing orders into the first quarter.Other revenue was DKK 37 million. The operating profit (EBITDA) was DKK 420 million, corresponding to an EBITDA margin of 31%.Financial guidance for the full year is maintained at a revenue of DKK 5,700-6,700 million and an EBITDA margin of 26-30%. DKK million3m 20253m 20242025 GuidanceRevenue1,3478315,700 – 6,700EBITDA margin31%3%26-30% Paul Chaplin, President & Chief Executive Officer of Bavarian Nordic said: “A very strong first quarter for our Travel Health business, demonstrating a 52% growth year-over-year and puts us ahead of our strategic goal of an average annual growth rate of 10-12% for this part of the business until 2027. We also recorded our first US sales of the chikungunya vaccine after its approval in February and ahead of the April recommendation from ACIP. Our phased launch plan for the vaccine is progressing as planned with the first European markets coming online over the next couple of months while we also continue our efforts to expand the regulatory approvals to other territories. Chikungunya represents an increasing public health threat across the globe, and we are proud to have entered our first partnership to improve access to the vaccine for low- and middle-income countries. In Public Preparedness, we also delivered above expectations. While this was largely due to a number of deliveries occurring ahead of plans, it goes to show the strength and scale of our manufacturing setup to meet the increased demand for our mpox/smallpox vaccine.” Highlights from the first quarter Travel Health Vimkunya was approved in the US and EU in February as the first virus-like particle (VLP)-based chikungunya vaccine and the first chikungunya vaccine for persons aged 12 years and older. Additionally, regulatory submissions were filed in the UK and Canada.Vimkunya was launched commercially in the US in March and will be launched in the first European markets later during the first half of 2025.Concurrently with the US approval of Vimkunya, Bavarian Nordic was granted a Priority Review Voucher, which the Company intends to monetize when appropriate.A strategic partnership was entered with Biological E. Limited in February, initially comprising a contract manufacturing agreement with the aim to provide capacity for the future supply of chikungunya vaccines to endemic low- and middle-income countries. Public Preparedness The freeze-dried version of JYNNEOS was approved by the U.S. Food and Drug Administration (FDA) in March for prevention of smallpox and mpox disease in adults 18 years of age and older. The approval supports the ongoing contract with the US government for stockpiling of the vaccine. Other business In January, Bavarian Nordic launched and completed a share buy-back program of DKK 150 million, with the purpose of adjusting the capital structure. Events after the reporting date In April, the U.S. Centers for Disease Control and Prevention’s (CDC) Advisory Committee on Immunization Practices (ACIP) voted to recommend Vimkunya™ for the prevention of disease caused by chikungunya virus for US persons aged 12 and older traveling to regions with an outbreak or elevated risk of chikungunya, as well as for laboratory workers with potential for exposure to chikungunya virus.In May, the UK Medicines and Healthcare products Regulatory Agency granted marketing authorization in the United Kingdom for Vimkunya® for active immunization for the prevention of disease caused by chikungunya virus in individuals 12 years and older.In May, the US government exercised additional options valued at USD 143.6 million under the existing contract to supply a freeze-dried formulation of JYNNEOS® smallpox vaccine, with planned delivery in 2026. Conference call and webcastThe management of Bavarian Nordic will host an investor/analyst call today at 2 pm CEST (8 am EDT) to present the interim results followed by a Q&A session. A listen-only version of the call and presentation slides can be accessed via https://edge.media-server.com/mmc/p/798tzbob/. To join the Q&A session, please register in advance via https://register-conf.media-server.com/register/BI2a5d49d1c9d64ee99d6d03297d3d4323. Contact investors:Europe: Rolf Sass Sørensen, Vice President Investor Relations, rss@bavarian-nordic.com, Tel: +45 61 77 47 43US: Graham Morrell, Paddock Circle Advisors, graham@paddockcircle.com, Tel: +1 781 686 9600 Contact media:Nicole Seroff, Vice President Corporate Communications, nise@bavarian-nordic.com, Tel: +45 53 88 06 03 Company Announcement no. 16 / 2025 About Bavarian NordicBavarian Nordic is a global vaccine company with a mission to improve health and save lives through innovative vaccines. We are a preferred supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and have a leading portfolio of travel vaccines. For more information, visit www.bavarian-nordic.com Forward-looking statements This announcement includes forward-looking statements that involve risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. All such forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances after the date made, except as required by law. Attachment Interim Report Q1 2025
Solar A/S: No. 5 2025 Revenue returns to growth - ForexTV
Q1 revenue and EBITDA are in line with our expectations. We confirm our EBITDA guidance of between DKK 530m and DKK 600m for 2025. CEO Jens Andersen says:"All markets and main segments have rebounded, resulting in a positive organic growth of 6.5% - a significant improvement from the -15.4% in Q1 2024. This pick-up strengthened our underlying financial performance. We have initiated measures to optimise our operating model, including cost containment, process improvements and staff reductions. Consequently, costs in Q1 include restructuring costs of approx. DKK 40m, which will result in similar savings in the rest of 2025, and full-year savings of approx. DKK 60m going forward. As part of our investment in a new logistics centre in Kumla, we have chosen to fast-track the closing of our warehouse in Halmstad to optimise our costs and the customer experience during the transition. Consequently, this means DKK 12m in transition costs in Q1 2025, which were initially expected in 2026. We continue to anticipate a recovery in 2025, although the timing and strength of this recovery have become more unpredictable. Thus, we confirm our EBITDA guidance of between DKK 530m and DKK 600m for 2025.” Financial highlights (DKK million)Q1 2025Q1 2024Revenue3,2233,030EBITDA7488Cash flow from operating activities-887Financial ratios (%) Organic growth adj. for number of working days6.5-15.4EBITDA margin2.32.9Net working capital, end of period/revenue (LTM)15.015.1Gearing (NIBD/EBITDA), no. of times2.42.1Return on invested capital (ROIC)7.78.5 Our new Kumla logistics centre is ahead of schedule, which enables an early closing of Halmstad, resulting in DKK 12m transition costs in Q1 2025. Fast-tracking this step towards Kumla reduces risks and frees up cash by reducing net working capital. GuidanceWe confirm our guidance ranges of revenue between DKK 12.3bn and DKK 12.8bn and EBITDA between DKK 530m and DKK 600m. Key risks and mitigationThe commercial and financial risks in respect of our activities are detailed in Solar’s 2024 Annual Report. No additional material risks have been identified. Solar is not directly exposed to the tariffs imposed by the US or on the US market, but the resulting macroeconomic consequences may affect Solar's markets. We continue to monitor market developments closely. However, on a macroeconomic level, we continue to expect a recovery in 2025, although the timing and strength of the recovery have become more unpredictable. Audio webcast and teleconference todayThe presentation of Quarterly Report Q1 2025 will be made in English on 9 May 2025 at 11:00 CET. The presentation will be transmitted as an audio webcast and will be available at www.solar.eu. Participation will be possible via teleconference. Access to the webcast:https://edge.media-server.com/mmc/p/39dyc5jz To participate by telephone, and thus have the possibility to ask questions:Register in advance of the teleconference using the link below. Upon registering, each participant will be provided with a Dial In Number, and a unique Personal PIN:https://register-conf.media-server.com/register/BI6538708bf9ed442a9357b5c15444691a ContactsCEO Jens Andersen - tel. +45 79 30 02 01CFO Michael H. Jeppesen - tel. +45 79 30 02 62IR Director Dennis Callesen - tel. +45 29 92 18 11 Facts about Solar Solar is a leading European sourcing and services company mainly within electrical, heating and plumbing, ventilation and climate and energy solutions. Our core business centres on product sourcing, value-adding services and optimisation of our customers’ businesses. We facilitate efficiency improvement and provide digital tools that turn our customers into winners. We drive the green transition and provide best in class solutions to ensure sustainable use of resources. Solar Group is headquartered in Denmark, generated revenue of approx. DKK 12.2bn in 2024 and has approx. 2,900 employees. Solar is listed on Nasdaq Copenhagen and operates under the short designation SOLAR B. For more information, please visit www.solar.eu. DisclaimerThis announcement was published in Danish and English today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the Danish version shall prevail. Attachments No. 5 2025 Quarterly Q1 2025 Solar Q1 2025 SOLA-2025-03-31-0-en
TTF Prices Rise for 3rd Session - ForexTV
European natural gas futures have surged past €33 per megawatt-hour, continuing their upward trajectory for the third consecutive session. This increase is attributed to a rise in global LNG demand coupled with supply constraints caused by seasonal maintenance activities. Chinese importers have re-entered the spot market following a period of subdued activity, heightening concerns about increased competition for LNG shipments. Previously, lower prices had facilitated Europe's efforts to rebuild its gas inventories, but current stock levels still linger below the average of the past five years. Now, heightened demand from Asia and decreased Norwegian pipeline flows, compounded by some unexpected outages, may decelerate the pace of inventory replenishment. In parallel, the European Union is gearing up to propose a ban on gas imports via new contracts with Russia, which includes spot market agreements, as part of its strategy to eliminate Russian energy dependency by 2027. Additionally, positive trade signals between the US and China have contributed to a more optimistic market sentiment.The material has been provided by InstaForex Company - www.instaforex.com
NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m - ForexTV
Company Announcement 9 May 2025Announcement No. 16 NKT A/S Q1 2025 Interim Report: 11% organic growth and EBITDA of EUR 81m NKT CEO Claes Westerlind says: - In Q1 2025, NKT continued the execution of high-voltage projects, and we delivered organic revenue growth of 11% and operational EBITDA of EUR 81m. We executed on our ongoing investments across production sites and announced the completion of the medium-voltage capacity expansions in Falun and Velke Mezirici. Additionally, in April we concluded Q1 negotiations and signed a supply agreement with Hydro, strengthening our European value chain and ensuring security of aluminium supply until 2033. These steps underscore our commitment to business excellence and our strategic focus on supporting the energy transition and enhancing value for both our customers and shareholders. Financial highlights EURmQ1 2025Q1 2024Revenue*630534Organic growth11%27%Operational EBITDA8175Operational EBITDA margin*12.9%14.1% * Std. metal prices Financial outlook for 2025The financial outlook remains unchanged from Company Announcement No.11 of 21 February 2025. Revenues (in std. metal prices) is expected to be approximately EUR 2.37-2.52bn and operational EBITDA is expected to be approx. EUR 330-380m. The financial outlook is based on several assumptions, including: Satisfactory execution of high-voltage investments and projects to deliver on expected profitability marginsSatisfactory operational execution across business linesStable market conditions for Applications and Service & AccessoriesNormalised offshore power cable repair work activityStable supply chain with limited disruptions and access to the required labour, materials, and servicesStable development in the global economy, foreign currency, and metal prices 11% organic growth and operational EBITDA of EUR 81mIn Q1 2025, NKT’s revenue (in std. metal prices) amounted to EUR 630m, an increase of EUR 96m compared to Q1 2024, corresponding to 11% organic growth. In Solutions, the growth was driven by high activity level and overall satisfactory project execution, while the increased revenue in Applications was mainly due to the acquisition of SolidAl in June 2024, and organic growth driven by additional medium-voltage production capacity. In Service & Accessories, revenue was below the level of Q1 2024, which included a large scope of offshore repair work on a legacy service agreement. Operational EBITDA increased to EUR 81m in Q1 2025 from EUR 75m in Q1 2024. The increase was driven by higher revenue. The operational EBITDA margin was 12.9% in Q1 2025, representing a decrease of 1.2 %-points compared to Q1 2024. All three business lines contributed to the increased operational EBITDA, while the decline in operational EBITDA-margin was mainly due to natural fluctuations in the project business. At end-Q1 2025, the high-voltage order backlog was EUR 10.7bn (EUR 9.4bn in std. metal prices) compared to EUR 10.6bn (EUR 9.3bn in std. metal prices) at end-Q4 2024. During the quarter, NKT supplemented its high-voltage order backlog with a number of relatively smaller orders, including variation orders to existing projects. Free cash flow amounted to EUR -308m in Q1 2025 driven by the ongoing investments and a negative contribution from changes in working capital due to the phasing between milestone payments and project execution in Solutions. At end-Q1 2025, NKT maintained a robust balance sheet, with net interest-bearing debt of EUR -953m. Execution of the high-voltage investment programme progressed as planned during Q1 2025. At the expansion of the site in Karlskrona, Sweden, several work streams were in intense execution phases and, among others, NKT progressed with work inside the new extrusion tower, construction of surrounding production buildings and installation of machinery. The new production capacity and the new cable-laying vessel, NKT Eleonora, are expected to be operational from 2027. Segment key financial highlights Q1 2025 Revenue*Operational EBITDAOp. EBITDA margin*EURmQ1 2025Q1 2024Q1 2025Q1 2024Q1 2025Q1 2024Solutions388321575214.7%16.2%Applications20315318168.9%10.5%Service & Accessories707413619.3%8.1%Eliminations between segments and non-allocated costs-31-14-71 NKT630534817512.9%14.1% *Std. Metal prices TeleconferenceNKT A/S hosts a teleconference for investors and financial analysts at 10:00am CEST on 9 May 2025. The presentation to be used during the call will be available before the start of the teleconference. To attend, please register and access on investors.nkt.com ContactsInvestorsJacob Johansen, Head of Investor Relations+45 2169 3591 / jacob.johansen@nkt.comPress Louise W. Naldal, Head of Group Communications+45 2982 0022 / louise.westh.naldal@nkt.com Attachments NKT_Q1_2025_Cover letter_ENG NKT Q1 2025 Interim report
French Service Sector PMI Slips, Signaling Continued Economic Challenge - ForexTV
In a turn that underscores the ongoing hurdles faced by France's service sector, the latest HCOB France Services Purchasing Managers' Index (PMI) saw a dip to 47.3 in April, down from 47.9 in the same period. This data reflects the continuous contraction within the sector as recorded last month, with both figures remaining below the 50-mark that typically separates growth from contraction.The update, released on May 6, 2025, suggests that France's service industry is still grappling with challenges that might include dampened consumer demand or operational inefficiencies, echoing similar signals from earlier in April. This consistent decline highlights ongoing challenges in France's economic landscape, which could have broader implications for employment and GDP growth if the trend persists. As policymakers and industry leaders scrutinize these figures closely, strategies to stimulate growth and stabilize the sector are likely to be at the forefront of discussions in the coming months.The immediate response from markets and stakeholders may involve careful analysis of underlying factors and potential policy adjustments to address the persistent economic weakness indicated by the April PMI results. France, being a key player in the European economy, will be under the microscope as it navigates these challenging economic headwinds.The material has been provided by InstaForex Company - www.instaforex.com
Italy's Services Sector Grows Steadily as PMI Rises to 52.9 - ForexTV
In a positive development for Italy's economy, the HCOB Italy Services Purchasing Managers' Index (PMI) rose to 52.9 in April, up from 52.0 in March. This growth indicates a steady expansion of Italy's services sector, as the PMI remained above the critical 50 mark that separates growth from contraction.According to the latest figures updated on May 6, 2025, this uptick reflects a sustained increase in business activities within the services industry, which is a crucial component of Italy’s economic framework. The steady rise further indicates that service providers are experiencing modest improvements in business conditions, bolstered by domestic demand.Moving forward, continued progress in the services sector could provide a foundation for broader economic growth and stability, although challenges such as inflationary pressures and geopolitical factors still pose potential headwinds. Stakeholders in Italy and across European markets will be watching closely to see if this positive trend continues into the upcoming months.The material has been provided by InstaForex Company - www.instaforex.com
The Ultimate Guide to Ruthenium Iridium Titanium Anodes - TechBullion
In the modern electrochemical industry, the performance of electrode materials plays a decisive role in the efficiency, energy consumption and product quality of the entire electrochemical process. Ruthenium-iridium-titanium anode, as a high-performance electrode material, has gradually emerged since the late 1960s with the development of dimensionally stable anodes (DSA). Due to its unique performance advantages, […]