AMSTERDAM: Wolters Kluwer Financial & Corporate Compliance (FCC) has entered into a binding agreement to sell its Finance, Risk and Regulatory Reporting (FRR) unit to Regnology Group GmbH for an enterprise value of approximately €450 million. The transaction is expected to close in the fall of 2025, pending regulatory approvals and employee consultations. The divestment…
Category: Euronext
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easyJet Q3 profit climbs 21% as holiday arm bolsters growth; FY outlook positive
LONDON: easyJet Plc (EZJ.L) reported a 21% year-on-year rise in third-quarter headline profit before tax, reaching £286 million, driven by robust demand and strong performance from its holiday unit. The budget airline saw a 2% growth in passenger numbers and a 0.2 percentage point increase in load factor, supported by the timing of Easter and…
ASML posts strong Q2 results; Sees full-year sales rising 15%
VELDHOVEN: ASML Holding NV (ASML) reported second-quarter net sales of €7.7 billion and a net income of €2.3 billion, meeting the upper range of its guidance, the chip equipment maker said Wednesday. Gross margin for the quarter was 53.7%, slightly down from 54.0% in Q1 but above the company’s forecast. Net bookings rose to €5.5…
Stellantis halts hydrogen fuel cell program amid market challenges
PARIS: Stellantis said Wednesday it will discontinue its hydrogen fuel cell technology development program, citing infrastructure limitations, high capital costs and weak consumer incentives. The automaker no longer anticipates widespread adoption of hydrogen-powered light commercial vehicles before the decade’s end. The decision halts the planned launch of the Pro One hydrogen-powered van series, with production…
Aker Solutions posts solid Q2; Reaffirms full-year outlook as order backlog climbs
OSLO: Norwegian engineering company Aker Solutions reported a strong second quarter performance on Thursday, backed by high project activity and continued momentum in its core markets. Second-quarter revenue rose to NOK 15.2 billion ($1.43 billion), up from NOK 12.8 billion in the same period last year, as the company executed key milestones including installation of…
DNB Boligkreditt reports strong Q2 profit on higher lending spreads
OSLO: DNB Boligkreditt AS, the covered bond subsidiary of DNB Bank ASA, posted a second-quarter profit of NOK 918 million, a substantial rise from NOK 592 million in the same period last year, driven by stronger net interest income and expanded lending volumes. Total income for the quarter reached NOK 1.49 billion, up from NOK…
DNB posts NOK 10.4 billion profit in Q2 despite global uncertainty
OSLO: DNB Bank ASA reported a second-quarter post-tax profit of NOK 10.4 billion ($980 million), down 3% from NOK 10.8 billion a year earlier, as strong growth across customer segments offset the impact of increased operating expenses and macroeconomic uncertainty. Pre-tax operating profit before impairment stood at NOK 13.8 billion, slightly below NOK 14.1 billion…
Biophytis SA narrows losses but warns of cash shortfall beyond September 2025
PARIS: Clinical-stage biotech Biophytis SA (Euronext Growth: ALBPS) reported significantly reduced losses for 2024 and outlined ambitious clinical plans for obesity and sarcopenia treatments, while flagging a critical funding gap threatening its operations beyond Q3 2025. The company’s net loss shrank to €10.4 million in 2024, down sharply from €17.0 million in 2023, driven by…
Atari SA reports 63% revenue growth, narrows losses in turnaround push
PARIS: Atari SA (Euronext Growth Paris: ALATA), the iconic video game company behind classics like Pong and Asteroids, posted a 63.7% surge in revenue for its fiscal year ending March 31, 2025, as its turnaround strategy gains momentum. The company’s revenue climbed to €33.6 million ($36.4 million), driven by strong game sales and strategic acquisitions, including the Intellivision brand and Transport…
Capgemini to acquire WNS in $3.3 billion deal to boost AI-powered business transformation
PARIS: Capgemini (Euronext Paris: CAP), a global leader in business and technology transformation, has entered into a definitive agreement to acquire WNS (NYSE: WNS), a top digital-led business process services firm, for $76.50 per share in cash, valuing the deal at approximately $3.3 billion. The transaction, approved by both companies’ boards, represents a 28% premium…
Euronext’s Athens Stock Exchange acquisition on the cards
Euronext is in discussions to purchase up to 100% of the Athens Stock Exchange in a 399 million euro ($470 million) all-share deal, according to Reuters. The move would mark the latest expansion for the pan-European exchange operator, which already runs markets in France, the Netherlands and other countries. On Tuesday, Euronext announced plans to…
BNP Paribas to acquire HSBC’s German Custody Business
FRANKFURT: BNP Paribas announced Thursday that its Securities Services business has agreed to acquire the custody and depositary bank operations of HSBC Continental Europe S.A. in Germany, pending regulatory approvals. The deal will bolster BNP Paribas’ position as a top custodian and depositary bank in Germany, aligning with its growth strategy in institutional funds and financial…