ADVA Optical Networking SE: ADVA announces record Q4 2020 results and reports full year 2020 figures
Pro forma operating income up by 36.4% to EUR 33.8 million (6.0% of revenues)
Outlook fiscal year 2021: Revenues EUR 580 610 million; Pro forma operating income 6.0% 9.0% of revenues
ADVA (ISIN: DE0005103006), a leading provider of open networking solutions for the delivery of cloud and mobile services, reported financial results for Q4 2020 and full year 2020 ended on December 31, 2020. The results have been prepared in accordance with International Financial Reporting Standards (IFRS).
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Brian Protiva, CEO, ADVA (Photo: Business Wire)
Van Lanschot Kempen Wealth Management N.V.: Van Lanschot Kempen: net profit at €50 million and 13% growth in client assets
Net profit at €49.8 million for 2020, of which €40.4 million recorded in second half
Record net inflows of €1.4 billion at Private Banking
Client assets increased by 13% to €115.0 billion and AuM were up by 13% to €99.0 billion on the back of net inflows of €6.9 billion
Solid cost management pushed down costs by €12.3 million to €371.8 million
Very limited addition to loan loss provision of €1.9 million
Capital ratio increases to 24.3%
Proposed dividend of €0.70 per share (2019: €1.45 per share)
Van Lanschot Kempen today released its 2020 full-year results.
Karl Guha, Chairman, said: Covid-19 has been a defining feature of the year. In more ways than one, it has forced us all to confront the fragility and realities of life.
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The financial and operational information contained in this press release is based on audited consolidated financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt and Free Cash Flow. See exhibit I for more details on these alternative performance measures.
LUXEMBOURG, Feb. 24, 2021 (GLOBE NEWSWIRE) Tenaris S.A. (NYSE and Mexico: TS and MTA Italy: TEN) (“Tenaris”) today announced its results for the fourth quarter and year ended December 31, 2020 with comparison to its results for the fourth quarter and year ended December 31, 2019.
Cascades Reports Strong Results for the Fourth Quarter of 2020 and 3rd Consecutive Annual Record Levels of Sales and Adjusted OIBD
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KINGSEY FALLS, QC, Feb. 23, 2021 /PRNewswire/ - Cascades Inc. (TSX: CAS) reports its unaudited financial results for the three-month period and fiscal year ended December 31, 2020.
Q4 2020 Highlights
Sales of $1,284 million (compared with $1,275 million in Q3 2020 (+1%) and $1,227 million in Q4 2019 (+5%))
As reported (including specific items)
Operating income of $109 million (compared with $73 million in Q3 2020 (+49%) and operating loss of $(1) million in Q4 2019)
Operating income before depreciation and amortization (OIBD)
1 of $181 million (compared with $154 million in Q3 2020 (+18%) and $76 million in Q4 2019 (+138%))