DecideAct Annual Report 2023: Optimized and right-sized with lean operations to ensure the path to profitability and future growth
In 2023, DecideAct has used the learning and experience gained in recent years to strengthen its focus and has optimized and streamlined the business to become a lean and efficient organization with a very clear focus on supporting selected market segments such as investment funds and their portfolios as well as large and complex organizations, including the public sector. The DecideAct Group has reached an ARR of DKK 8.9 million (consolidated for the Group) on 31 December 2023 and expects to increase ARR by 50% during 2024. The Group aims to reach profitability by 2025 and achieve a contracted ARR of DKK 18-20 million by the end of 2025, growing to more than DKK 50 million by 2030. To be profitable, the DecideAct Group needs to reach a revenue of DKK 15 million in 2025. It is expected that the contracted ARR will be doubled by the end of 2025, reaching a level of DKK 18-20 million. KEY FIGURES (DECIDEACT A/S) +------------------------------+-----------+-----------+----------+-----------+| | H1 2022| 2022| H1 2023| 2023|+------------------------------+-----------+-----------+----------+-----------+|Gross profit (DKK) | -7,191,520|-13,766,963|-4,025,222|-10,491.264|+------------------------------+-----------+-----------+----------+-----------+|Operating profit/loss (DKK) |-10,299,077|-20,640,037|-7,955,204|-18.708.192|+------------------------------+-----------+-----------+----------+-----------+|Profit/loss for the year (DKK)| -9,890,317|-20,164,088|-7,628,835|-19.191.829|+------------------------------+-----------+-----------+----------+-----------+ DecideAct A/S’ result of DKK -19.2 million for 2023 is as expected, influenced significantly by investments in further product development, sales and marketing, and customer success management. The Parent Company’s equity amounts to DKK 12.7 million, and intangible assets are DKK 16.6 million. Given the current world market situation, the strong platform for growth, and profitability in reach, the management considers the Company’s economic performance to be acceptable. DecideAct A/S has come through 2023 well without losing focus on what is most important, namely keeping direction and momentum toward the long-term goals and driving breakthroughs despite the continued turbulence in the world. The product is still unparalleled, especially when it comes to the ability to handle the most complex business issues and customize solutions to customer needs. To ensure being in the best position to become a dominant player, DecideAct A/S must also be able to match the competition on the other critical parameters. It is therefore reassuring to note that investor support and confidence in DecideAct A/S’ long-term ambition remain high. Despite challenges externally with the decline in major customers' industries and internally with an intensified focus on adapting the organization, the DecideAct Group has managed to keep ARR at an acceptable level with the addition of new customers. Against this backdrop and with the current pipeline, management is confident that the DecideAct Group can achieve its overall goals and create great value for DecideAct A/S’ investors. About DecideAct A/S [ACT] DecideAct is a provider of SaaS software and solutions that move manual execution and follow-up of strategy to a cloud-based Strategy Execution Management platform. By rethinking the way strategy is executed, DecideAct has created a groundbreaking tool that is relevant to all companies and organizations, public or private, in all industries, geographies, functional roles, and their mission-critical priorities related to achieving strategic goals. DecideAct’s vision is to modernize strategic leadership through technology. Contact Information Company: Certified Advisor: CEO, Flemming Videriksen Keswick Global AG + 45 78756550 + 43 1 740 408045 E-mail: ir@decideact.net E-mail: info@keswickglobal.com DecideAct A/S Østre Kajgade 3, 3730 Nexø, Denmark
Hjälpmedelsverksamheten (Eng: Habilitation and Assistive Technology Services) in Region Skåne currently has several divisions, including at Staffanstorp and at Medeon in Malmö, but they will now be co-located to Axel Danielssons väg in Hyllie. The premises will be renovated and adapted for storage, workshops, device reprocessing and customisation, and include space for offices and staff. The property’s location means that operations are accessible by public transportation and subsidised transportation as well as other modes of transports. Occupancy will take place in spring 2025.
When the property was acquired in December 2022, the vacancy rate was 63 percent. As of the letting to Region Skåne, the property is now fully let.
“This property has become a positive addition to an area in which we are already established and where we see favourable development opportunities. It is gratifying that we can now provide Hjälpmedelsverksamheten with suitable premises with good accessibility, including to public transportation,” says Ulrika Hallengren, CEO of Wihlborgs.
Wihlborgs Fastigheter AB (publ)
EnfraGen is a leading company in grid stability and value-added renewable energy infrastructure in Latin America, jointly controlled by Glenfarne Energy Transition, LLC and the global private markets investment manager, Partners Group.
The landmark acquisition of six operating renewable assets from Celsia S.A. by EnfraGen was recognised as the “Acquisition Deal of the Year” for the Americas by Project Finance International (PFI). This accolade highlights EnfraGen's success in adeptly managing the complex financing processes for both acquiring the renewable energy portfolio in Central America and refinancing a previous facility, while also underscoring their commitment to transitioning to zero-carbon emission electrical grids.
AFRY conducted thorough technical due diligence on the renewable power assets to assess the operational efficiency and sustainability of the portfolio, and evaluated the potential of the assets, ensuring a seamless acquisition process.
AFRY has been supporting EnfraGen since 2016 conducting technical due diligence services on several portfolios of assets across the Americas, and providing technical advisory in the renewable energy market.
“Our competencies and focus on sustainable energy infrastructure have been instrumental in moving towards the closing of the deal. We are proud of our continued collaboration with EnfraGen and congratulate them on this prestigious award that recognises the commitment to advancing the renewable energy development and grid stability in the region”, says Angel Arancibia, Commercial Manager, AFRY Chile.
For further information, please contact:
Angel Arancibia, Commercial Manager, AFRY Chileangel.arancibia@afry.com
Virginia Ferrari, Communications Manager, Energyvirginia.ferrari@afry.com
Volvo Cars will publish its first quarter 2024 financial results on Wednesday, April 24 at 07:00 CEST. At 9.30, President & CEO Jim Rowan, CFO Johan Ekdahl and Deputy CEO and Chief Commercial Officer Björn Annwall will host a livestream for media, investors and analysts. The presentations will be held in English and followed by a Q&A session. We look forward to your participation. See below detailed information: 9:30 CEST Presentation for media, investors and analysts Link: https://live.volvocars.com If you tune in from China, please use this link: https://live.volvocars.com.cn
It will be possible to ask questions during the Q&A session following the main presentation. To participate, you can either use the chat function online to type your question or you can call in. To call in, participants need to register and will then receive the dial-in details and individual PIN. Link to register
"This is the first time we have acquired a separate building right. Jönköping is an expansive logistics hub that ranks as one of the best in Sweden as 80 percent of Sweden's population is reached within a radius of 40 miles. In addition, the property is strategically located in the best logistics location and there is great interest in new construction from both our existing and new tenants," says Tommy Åstrand, CEO of SLP.
The land is ready for construction and is one of the last unexploited lots in the fully developed logistics area. SLP already has five logistics properties in the Jönköping region.
The property is acquired through a corporate transaction at an agreed property value of approximately SEK 34m. The seller is Nivika Fastigheter AB. The transaction is financed with own funds.
For further information, please contact:Tommy Åstrand, CEO of SLP, telephone: +46 705 455 997
About SLP – Swedish Logistic PropertySwedish Logistic Property - SLP – is a Swedish property company that acquires, develops, and manages logistic properties with sustainability in focus. Value growth is created through development of the properties which are located in Sweden’s most important logistic hubs. The property portfolio comprises a lettable area of approx. 980,000 sqm. SLP is a partner that takes responsibility and through this creates value for both tenants as well as for the company and its shareholders. SLP’s share of series B is listed at Nasdaq Stockholm Mid Cap. For further information about SLP: slproperty.se
Press release, 16 April 2024 at 08:45 a.m. (EEST)
Nightingale Health, a pioneer in health risk detection and preventative health, announces today that it will open a laboratory in the United States. Additionally, Nightingale Health and the Englander Institute for Precision Medicine at Weill Cornell Medicine have signed a Letter of Intent in which the parties agree to collaborate on the adoption of Nightingale Health’s proprietary technology in healthcare and medical research in the United States.
The Englander Institute for Precision Medicine is a translational research hub at Weill Cornell Medicine committed to translating research findings into clinical practice, including at its branch campus in Doha, Qatar. The institute has already significantly impacted the field of precision medicine by developing new treatments for a variety of diseases, including cancer, rare diseases, and cardiovascular disease.
As part of the collaboration between the Englander Institute for Precision Medicine and Nightingale Health, in addition to medical research, the parties aim to integrate Nightingale Health’s proprietary blood analysis technology and disease risk assessment capabilities to Weill Cornell Medicine’s clinical and research services. The healthcare applications can be based on Nightingale Health’s existing capabilities such as multi-disease risk prediction models and individual diagnostic biomarkers that can replace clinical chemistry measures.
“We are pleased to strengthen Nightingale Health’s international presence by establishing a laboratory in the United States. This initiative complements our global network of laboratories located in Finland, Singapore, the United Kingdom and Japan, and allows us to serve the most ambitious precision medicine and healthcare projects in the world. The collaboration with Englander Institute for Precision Medicine at Weill Cornell Medicine will explore and implement ways for comprehensive risk assessment from our unique blood testing technology for patient treatment, health checks and screening programs for multiple common chronic diseases,” said Teemu Suna, Nightingale Health’s CEO and Founder.
"Our precision metabolomics pilot project marks the beginning of a new era in healthcare. The vision is to use metabolic profiling to tailor treatments uniquely for each patient, advancing precision medicine to benefit patients globally,” said Olivier Elemento, Director of Englander Institute of Precision Medicine.
The new partnerships combined with a new laboratory will make Nightingale Health well equipped to make its proprietary blood analysis technology available locally in the largest healthcare market in the world and expand its partnerships within the medical research community. The location and opening schedule of the new laboratory will be announced at a later date.
For further information, please contact:
Teemu Suna, CEOir@nightingalehealth.com
About Englander Institute of Precision Medicine at Weill Cornell Medicine
The Englander Institute for Precision Medicine (EIPM) is a translational research hub at Weill Cornell Medicine that is dedicated to using precision medicine to improve patient care. Precision medicine is a personalized approach to healthcare that considers a patient's genetic makeup, lifestyle, and environment to tailor treatments to their specific needs. Founded in 2015, the EIPMadvances the delivery of personalized medicine, fosters collaboration across medical and scientific disciplines, and serves as the center of innovative precision medicine care, research, and education at Weill Cornell Medicine. As a prominent research hub, EIPM is committed to translating research findings into clinical practice - Institute members implementapplied genomic sequencing, artificial intelligence, informatics, and other cutting-edge technologies to personalize disease research, treatment, and prevention.Discoveries stemming from these efforts are central to identifying novel biomarkers and developing powerful targeted therapies.
About Nightingale Health
Nightingale Health is The Preventative Health Company. Staying healthy is one of the top priorities in human life. Our health has a profound impact on our quality of life, and it’s also strongly connected to the lives of those close to us. Nightingale Health enables prevention by combining the power of our in-house developed, advanced blood analysis technology with unprecedented access to global health repositories and world-leading medical research. With this combination, we go beyond the traditional healthcare and wellbeing tools: We provide the scientific connection to multiple health and disease outcomes and the ability to predict future healthy years.
Nightingale Health operates globally with a parent company in Finland and seven subsidiaries in countries such as Japan, the United States, Singapore, and the United Kingdom. Nightingale Health has customers in more than 34 countries in the healthcare and medical research sectors. The company’s technology is being used in many of the world’s leading health initiatives, such as the UK Biobank, and over 600 peer-reviewed publications validate the technology. The company’s Series B shares are listed on the First North Growth Market Finland marketplace. Read more: https://nightingalehealth.com
AutoAttack Games was established in 2014 by Brent Batas, following his incredibly successful Legion TD mod for Warcraft III. Julian Gari joined shortly after in 2016, and together they have co-led AutoAttack Games for 8 years. They are responsible for the development, marketing, and community activities around Legion TD 2, supported by a small team.
AutoAttack's journey began in 2009 when Brent created the original Legion TD as a mod for Warcraft III. Legion TD grew quickly in popularity and became the second most popular mod for Warcraft III (second only to DotA). After a successful Kickstarter, the duo then launched Legion TD 2 in early access in 2017 and released the full game in 2021.
Legion TD 2 has a vibrant and engaged player community and attracts a passionate and committed fanbase, which is one of the many connection points with Ninja Kiwi. The game continues to grow with regular updates, and the studio has also started development on a brand new game in the Legion franchise.
Scott Walker, CEO of Ninja Kiwi commented:
“We love the deep gameplay and the rich single and multiplayer challenges players have in Legion TD 2. We also feel that there is a close alignment between us at Ninja Kiwi and Brent and Julian when it comes to our love of the Tower Defense genre, our passion for making fun and highly balanced game experiences, and how we approach and value our player communities. I am thrilled for AutoAttack to join the Ninja Kiwi family and look forward to achieving great things together.”
Brent Batas, Founder and CEO of AutoAttack Games commented:
“The more we got to know Ninja Kiwi, the more it became clear that we shared a passion not only for crafting awesome games, but also for investing in and supporting our communities for the long haul. Combined with Ninja Kiwi's industry-leading presence in the Tower Defense space, we couldn't imagine a better group of people to partner with. We are excited for a bright future as part of the Ninja Kiwi team, as we join forces to continue making games we love and sharing them with the world!”
Legion TD 2 is available for download on Steam .
Caverion has signed a contract with Saab AB for the technical facility management of Saab’s real estate nationwide in Sweden. Caverion will be responsible for the operation and management of Saab’s properties which have high security requirements.
Caverion has broad experience in facility management and in working in critical production environments where we ensure the continuity of our customers' operations, and we optimise the life cycle value of the properties.
“We are happy and honored by Saab’s trust. Our task, as one of Sweden’s largest suppliers in technical facility management, is to deliver efficient services and proactively solve any challenges so that Saab can continue to focus on its core business. And that Saab can maintain or even increase the value of its properties", says Uno Lundberg, Head of Caverion Sweden.
Saab is a world leader in several disciplines in military and civilian products and solutions; as well as Sweden’s largest company in the defense industry. Saab’s systems and products are today to a large extent a part of Sweden’s military defense.
Read more about our facility management services: www.caverion.com/catalog/services/facility-management/
The new tramway will extend for approximately 12 kilometres with 19 stops from the harbour via the city centre to the Varissuo area. The tramway will increase the capacity of Turku’s public transport, accelerate the city’s growth and support the achievement of the city’s climate goals.
“We are excited to be involved in designing the new tramway in Turku. This is a comprehensive urban development project that will impact the development of the city, and its urban region, for decades to come. The establishment of a sustainable public transport system will contribute to Turku’s goal of being carbon neutral by 2029 and, in the future, becoming one of the world’s leading cities in the climate transition and in protecting nature,” says Thomas Hietto, President of Sweco Finland.
The development phase will start in April 2024 and based on a preliminary estimation, construction will take place between 2026 and 2031. Passenger traffic is expected to start in the early 2030s.
The large-scale project will be implemented through an alliance model consisting of Sweco, GRK Suomi, Ramboll Finland and NRC Group Finland.
Sweco is a leading European consultancy in transportation, with 6,000 experts in mobility and active travel, electrification and fossil-free fuels, traffic safety, and climate adaptation of infrastructure. Sweco has extensive experience from rail projects across Europe and is part of expanding the light rail system in the City of Tampere and Helsinki in Finland.
· In Q1 2024, net sales were on the same level as in the previous year and amounted to SEK 131.2 billion (131.3). Also when adjusted for currency movements, net sales were flat.
· Adjusted operating income amounted to SEK 18,159 M (18,566), corresponding to an adjusted operating margin of 13.8% (14.0). There were no adjustments in Q1 2024. In Q1 2023, a negative effect of SEK 1,300 M was excluded from adjusted operating income.
· Reported operating income amounted to SEK 18,159 M (17,266).
· Currency movements had a negative impact on operating income of SEK 346 M.
· Earnings per share amounted to SEK 6.92 (6.35).
· Operating cash flow in the Industrial Operations amounted to SEK 8,896 M (5,004).
· Return on capital employed in the Industrial Operations amounted to 37.7% (30.3)
Press and Analyst Conference CallAn on-line presentation of the report, followed by a question and answer session will start at 09.00 CEST. Link to webcast: https://qreport.volvogroup.com.
More information, including an interview with CEO Martin Lundstedt, is soon available on https://www.volvogroup.com/en/investors.html.
April 17, 2024
Aktiebolaget Volvo (publ) 556012-5790
Investor RelationsSE-405 08 Göteborg, SwedenTel +46 31 66 00 00www.volvogroup.com
Contact Media Relations:Claes Eliasson +46 765 53 72 29
Contacts Investor Relations:Johan Bartler +46 739 02 21 93Anders Christensson +46 765 53 59 66
This information is information that AB Volvo (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 07.20 CEST on April 17, 2024.
For more information, please visit volvogroup.com For frequent updates, follow us on Twitter: @volvogroup
The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers’ uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.
One of the leases at Cube comprises 3,000 square metres with occupancy in November 2024. The other lease concerns an existing tenant that will relocate within Wihlborgs’ portfolio in Lund from 400 square metres to 800 square metres of newly renovated premises after the summer. Both leases are for five years.
At Bricks, a public sector tenant will relocate within Wihlborgs’ portfolio from 400 square metres in Malmö to just over 1,000 square metres in Lund with scheduled occupancy at the start of 2025. The lease is for six years.
When Wihlborgs acquired the Node, Bricks and Cube properties (Nya Vattentornet 2–4) on Mobilvägen between 2018 and 2019, the area was clearly impacted by the long-term dominance of mobile-phone companies with relatively large vacancies leading to a selection of premises. Today, the properties comprise a variation of larger and smaller premises, efficient floor plans and some 50 companies operating in various areas. Previously dominant industries such as electronics and IT have gradually been supplemented with fields such as electrification, food tech, medtech, city planning, and information and communication technology.
Work on the properties has resulted in increased demand in the area that currently has an occupancy rate of over 90 percent.
“It is pleasing to see how our ambition to create a new, complementary product offering and environments for innovation, networking and collaboration in the area has become a reality. The clusters we are forming not only create scope for ideas and growth, but also promote business in the region and increase the attractiveness of the area, which has become a natural part of Lund Innovation District and Ideon Science Park,” says Ulrika Hallengren, CEO of Wihlborgs.
Wihlborgs Fastigheter AB (publ)
Metso is excited to introduce the world’s most powerful vertical screw type stirred mill, the Metso Vertimill[®] 7000. Developed as a solution to lower total cost of ownership, the large mill allows for more available grinding power. One Vertimill® 7000 grinding mill replaces the need for multiple smaller stirred mills to achieve the same power output.
“The Metso Vertimill[® ]7000 features the same high energy efficiency as the previous models, but with over 50% more power. In addition, it is equipped with double door access, so less space is needed to open the doors. The unit has also been equipped with side discharge grinding media ports to avoid double handling of the media during service operations. Just like the other Vertimill[®] models, this new giant can be used for grinding almost any type of ore bodies. Typically, these robust stirred mills are used for regrinding, secondary and tertiary grinding as well as for lime slaking,” explains Graham Davey, Director, Stirred Mills at Metso.
“Metso Vertimill[®] stirred mills offer the lowest total cost of ownership thanks to their superior energy efficiency, long maintenance intervals and improvement in the profitability of concentrators. With over 500 installations worldwide, the Vertimill[®] has proved to be a reliable grinding solution,” notes Davey.
Vertimill[®] grinding mills are part of Metso’s Planet Positive offering and provide up to 40% better energy efficiency than ball mills. The robust and vertical design benefits customers through long component lifetimes and as much as a 50% reduction in plant footprint.
For stirred milling technologies, Metso offers a wide portfolio: Vertimill[®], HIGmill™, and Stirred Media Detritor (SMD) allowing the optimum mill type to be selected for the process duty. The Metso stirred mills are suitable for a large range of feed and product sizes. All our stirred mills are part of the Planet Positive product portfolio, thanks to the sustainability benefits they deliver.
Additionally, our portfolio includes solutions for wear monitoring. VertiSense™ complements Vertimill[®] stirred mills by enabling the real-time wear monitoring of screw liners and maximizing operational efficiency through intuitive software and analytics.
Find out more about our Vertimill[® ]offering on our website .
Further information:
Graham Davey, Director, Stirred Mills, Metso, tel. +44 777 081 0973, email: graham.davey(at)metso.com
Helena Marjaranta, Vice President, Communications and Brand, Metso, tel. +358 20 484 3212, email: helena.marjaranta(at)metso.com
Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metals refining industries globally. We improve our customers’ energy and water efficiency, increase their productivity, and reduce environmental risks with our product and service expertise. We are the partner for positive change.
Headquartered in Espoo, Finland, Metso employs over 17,000 people in close to 50 countries and sales for 2023 were about EUR 5.4 billion. The company is listed on the Nasdaq Helsinki. metso.com , x.com/metsoofficial
The Unstereotype Alliance seeks to eradicate harmful stereotypes from advertising and media to help create a more equal world. Convened by UN Women, an organization within the United Nations dedicated to gender equality and the empowerment of women, the Alliance collectively acts to empower people in all their diversity by using advertising as a force for good to drive positive change all over the world.
Essity and its brands have a long history of breaking taboos, raise awareness against bias and act for equality. For example through campaigns by its feminine care brands Bodyform/Libresse/Nosotras/Saba, and the global market leading incontinence care brand TENA, such as “Blood Normal ” which was the first TV advertisement for period products to replace blue liquid with a more representative red, “Viva La Vulva ” and “Befriend your Body” which helps normalize the conversation about the female body and “The Last Lonely Menopause ” which encourages conversations about menopause.
“Essity has presence in 150 countries, and we take great responsibility in building our brands with our consumers and customers in a responsible and inclusive way. By joining the Unstereotype Alliance we want to contribute to accelerating progress and look forward to collaborating with UN Women and peers worldwide to empower people in this endeavor”, says Tuomas Yrjölä, President Global Brand, Innovation & Sustainability at Essity.
Essity has been a partner to the United Nations Foundation since 2016 with the aim of contributing to the achievement of the Sustainable Development Goals (SDGs), with Goal 5: Gender Equality being one of Essity’s prioritized SDGs. For information about the Unstereotype Alliance, go to: http://www.unstereotypealliance.org
Simone Margulies will from 15 August 2024 succeed Klas Balkow as President and CEO of Axfood. Simone has been working in different roles within the Axfood Group during eight years and has been a member of Axfood’s Executive Committee for four years. Currently, she is Managing Director of Hemköpskedjan AB, which consists of Hemköp and Tempo, and prior to that her role was Deputy CEO of Axfood’s purchasing and logistics company Dagab. In total, Simone has more than 18 years of experience in food retail.
– Following a comprehensive recruitment process, I am very happy to announce that Simone Margulies is assuming the role as President and CEO of Axfood. Simone is a passionate and engaged leader with a strong commercial drive and a focus on employees, customers and the business. She has extensive experience from food retail and knows Axfood well after her eight years in the Group. She is the right person to continue to develop Axfood for the future, together with the team, says Axfood’s Chairman of the Board Thomas Ekman.
– It is with great joy and humbleness that I take on the role as President and CEO of Axfood. There is so much capacity within the entire Axfood Group, and my role will be to create the necessary conditions for the organisation to continue to develop the business and deliver on the large development programs that we are carrying out. I am very much looking forward to being a part of and writing the next chapter in Axfood’s history, says Axfood’s appointed President and CEO Simone Margulies.
To facilitate the best possible handover, Axfood’s current President and CEO Klas Balkow will be available until year-end 2024. The recruitment process for Simone’s successor in the role as Managing Director of Hemköpskedjan is initiated immediately.
The information herein is such that Axfood AB (publ) is required to make public in accordance withthe EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person listed above, at 8:10 a.m. CET on 17 April 2024.This document is an English translation of the Swedish original. In the event of any discrepancies, the Swedish version shall govern.
FORTUM CORPORATION PRESS RELEASE 17 APRIL 2024
Fortum and Swedish ferroalloys producer Vargön Alloys AB have signed a five-year power purchase agreement (PPA) with progressive pricing for delivery of approximately 0.4 TWh of electricity and Guarantees of Origin for nuclear power per annum in Sweden. The contract term starts in December 2024 and runs until the end of 2029. The power is sourced from Fortum’s nuclear portfolio in the SE3 (Stockholm) price area in central Sweden.
Long-term partnerships play a vital role in ensuring predictability in long-term energy procurement and advancing electrification in the clean transition. The nuclear power supply agreement between Fortum and Vargön Alloys represents the commitment by both companies to work towards a more sustainable and environmentally conscious future. “I am excited about the opportunities this agreement with Fortum brings to our company. This partnership reflects our dedication to securing sustainable energy sources for our operations and underscores our commitment to environmental responsibility. We look forward to the positive impact this collaboration will have on our business and the environment”, Managing Director of Vargön Alloys Anders Lehman says.
This PPA contributes to Fortum’s strategic target to have at least a 20% share of its rolling 10-year outright generation volume hedged. The PPA and long-term contracts are included in Fortum’s disclosure of the reported Nordic outright generation hedges.
Fortum Corporation Communications
Further information:Fortum News Desk, newsdesk@fortum.com, tel. +358 40 198 2843
Fortum
Fortum is a Nordic energy company. Our purpose is to power a world where people, businesses and nature thrive together. We are one of the cleanest energy producers in Europe and our actions are guided by our ambitious environmental targets. We generate and deliver clean energy reliably and help industries to decarbonise their processes and grow. Our core operations in the Nordics comprise of efficient, CO2-free power generation as well as reliable supply of electricity and district heat to private and business customers. For our ~5 000 employees, we commit to be a safe, and inspiring workplace. Fortum's share is listed on Nasdaq Helsinki. fortum.com
The radiotherapy center at Raigmore Hospital is the northernmost center for radiotherapy in the UK, treating close to 1,000 patients per year. The center has two Varian Truebeam® linear accelerators and has been using RayStation clinically since 2016.
Raigmore Hopsital is currently using an older version of ARIA from Varian Medical Systems as their oncology information system. The existing system needs to be upgraded or replaced. After an extensive evaluation the center has decided to select RayCare as their new, sole oncology informations system. RayCare will cover the full patient pathway including treatment delivery using the Varian Treatment Interface for connecting RayCare to the Varian treatment console. The implementation will start during the summer and the center will use the advanced workflow engine of RayCare for creating clinic specific workflows, with the aim of a complete clinical implementation in the beginning of 2025.
The radiotherapy center at Raigmore Hospital is a very busy cancer center facing the pressure of an increasing number of patients. Key for the center in the selection process was efficent scheduling, workflow support, smooth integration with the existing treatment planning system, and automation using scripting.
Steven Colligan, Head of radiotherapy physics, Raigmore Hospital, says: “We have used RayStation since 2016 and look forward to the introduction of RayCare to the department. As well as the improved integration with RayStation that it will provide, we were impressed with the automation of tasks which has the potential to improve the workflows. The possibility of using scripting as we do in RayStation further enhances this ability. We also see great potential to improve the communication and documentation which is currently fragmented across a number of different systems.”
Johan Löf, founder and CEO, RaySearch, says: “Our installed base of RayCare customers is steadily increasing and I am happy to welcome Raigmore Hospital as a new RayCare customer. I am impressed by the center’s efficient use of RayStation and the fact that they now have selected RayCare will further improve their efficiency. I am looking forward to working with the team at Raigmore Hospital for a smooth transition.”
The order value is GBP 730,000 (approximately SEK 9.7 million), excluding service contract, which will be recognized as revenue in the beginning of 2025.
CO280 and Aker Carbon Capture have signed a Memorandum of Understanding (MoU) agreement with Microsoft to explore opportunities for scaling the full physical and digital value chain of carbon removal in the US and Canada. Together the three companies have the expertise, technologies, and resources to develop this market by creating a scalable model to deploy large-scale projects quickly to meet global net zero targets. The collaboration aspires to leverage the strengths and capabilities of each partner to enable the ecosystem for the voluntary carbon market by providing traceability of data and enabling high-integrity carbon credits.
The three companies will collaborate to address the technological, regulatory, and commercial challenges and opportunities for creating carbon removal, with each party playing distinct commercial roles. The parties intend to collaborate on a non-exclusive basis.
Under the terms of the MoU agreement, the parties agree to explore to:
· Develop biogenic carbon capture project(s), including projects currently in CO280’s development pipeline, as well as additional projects; · Apply CO280’s expertise to jointly develop a standard and efficient screening process to evaluate the technical and economic feasibility of carbon capture on pulp and paper mills, with the subsequent deployment of Aker Carbon Capture’s plants, including the modularized Just Catch series; · Standardize the lifecycle assessment (LCA) and measurement, verification, and reporting (MRV) systems for capture projects in pulp and paper, with the ambition to leverage Microsoft’s digital capabilities, cloud computing platforms, services, and solutions; · Create a digital tool to compare CO280’s planned projects against Microsoft Criteria for High Quality Carbon Removal; · Advocate for policies and demonstrate thought leadership to promote the pulp and paper carbon capture market, with the corresponding creation and use of high-integrity carbon removal credits.
North America’s pulp and paper industry represents a carbon removal opportunity of up to 130 million tons per year, due to the fact that the average mill has a CO2 emissions profile that is 80-90% biogenic. By capturing and storing these emissions permanently, negative emissions are achieved as more carbon dioxide is removed from the atmosphere than is being emitted from the process.
CO280 is the leading developer of Carbon Dioxide Removal (CDR) projects in the pulp and paper industry. In partnership with pulp and paper companies, CO280 develops, finances, owns, and operates large-scale CDR projects. CO280’s projects address a critical supply gap in the CDR market by supplying permanent, verifiable, and affordable CDR to corporate buyers in the voluntary market. CO280 currently has more than 10 million tons per year of permanent CDR under development.
“This commitment on the part of three best-in-class companies is exactly the kind of bold move the industry needs to unlock the enormous removal opportunity in the pulp and paper industry and scale up the CDR market. Together, we are developing the largest scale, lowest cost, permanent carbon removal projects in the world,” said Jonathan Rhone, Chief Executive Officer of CO280.
Microsoft announced its ambitious Carbon goals back in 2020: To be carbon negative by 2030 and remove the company’s aggregated carbon footprint by 2050. This journey starts with reducing carbon emissions as much as possible, replacing electricity consumption with carbon-free energy, and removing the emissions that remain. Microsoft has run an open process for carbon removal since 2020 and the company has shared learnings publicly. Microsoft is committed to creating a robust market for CDRs, including by building a digital value chain that authoritatively tracks carbon attributes and generates robust credits as simply as possible. For this to happen, engaging with companies that share the same goals is essential.
“Our collaboration with Aker Carbon Capture and CO280 builds on important large-scale initiatives across asset-intensive industries including pulp and paper”, says Darryl Willis, Corporate Vice President of Energy and Resources Industry at Microsoft. “By leveraging the power of technology to create a digital value chain for carbon tracking and reporting, we can equip the market for high-integrity carbon removal credits and further enable the industrial sector to decarbonize.”
“It’s time to move past the first-of-a-kind and the demonstration projects for carbon removal. The deployment rate needs to be accelerated by the hundreds to deliver the ‘net’ in net zero. We have demonstrated the strength of working together in the past, and we are excited to expand our collaboration with Microsoft and CO280 to further deliver impact” says Egil Fagerland, CEO of Aker Carbon Capture.
Aker Carbon Capture is dedicated to enabling carbon removal and reduction and the company’s proven Just Catch modular solutions enable industries to deploy their capture technology at speed and at scale. The company is currently delivering seven carbon capture units: five Just Catch 100 units to Ørsted, one Just Catch 100 unit to Twence and a Big Catch delivery to Heidelberg Materials at Brevik.
Accelerating the large-scale deployment of carbon dioxide removals (CDR) is critical to the net-zero transition. The International Energy Agency (IEA) estimates that more than one gigaton of CO2 per year will need to be captured by 2030, scaling up to more than six gigatons per year by 2050.
A launch event featuring representatives from CO280, Aker Carbon Capture, and Microsoft’s management teams took place at Microsoft’s corporate headquarters in Redmond on 17 April 2024, in conjunction with the official visit of the Crown Prince of Norway to the US.
ENDS
Highlights for the period Jan-Mar 2024 (Jan-Mar 2023)
Strategic
· EQT X closed at EUR 22bn in total commitments, of which EUR 21.7bn are fee-generating assets under management, hitting the hard cap · EQT Future[1] closed at EUR 3bn in total fund commitments, with total fee-generating commitments to the strategy, which includes co-investments, totaling EUR 3.6bn · EQT hosted a Capital Markets Day, re-confirming its revenue growth and adjusted EBITDA margin targets, providing further color on its fee-related EBITDA margin ambition, and refining its dividend growth target to be on a per share basis · Preparation continued for a transition infrastructure strategy, as well as further products targeting the Private Wealth segment · Preparations also continued for BPEA IX
Fundraising
· Fee-generating assets under management (FAUM) increased to EUR 132bn (EUR 119bn). Total AUM was EUR 242bn (EUR 216bn). Gross inflows amounted to EUR 5bn and were primarily driven by closed out commitments from EQT X and EQT Infrastructure VI · Fundraisings are generally taking longer in the current fundraising environment, and we expect the fundraising market to meaningfully improve only once realizations pick up materially across private markets · EQT Infrastructure VI had fee-generating commitments of EUR 15.1bn. Fundraising is expected to continue at least throughout 2024, and the fund is expected to reach its target fund size · EQT launched EQT Healthcare Growth, a dedicated healthcare buyout strategy · Fundraising continued for EQT Exeter US Multifamily Value II, EQT Exeter Europe Logistics Core-Plus II, EQT Active Core Infrastructure and EQT Exeter Asia Pacific Logistics II · Fundraising also continued for BPEA EQT Mid Market Growth, with the increased hard cap of USD 1.4bn · EQT Nexus’ NAV was more than EUR 600m, and EQRT, EQT’s semi-liquid strategy focusing on direct investments in commercial real estate, announced its first acquisition
Investment activity[2]
· Total investments by the EQT funds in the quarter amounted to EUR 4bn (EUR 5bn). Investments include the partnership with EdgeConneX to develop hyperscale data centers in APAC (EQT Infrastructure VI); the public to private tender of Believe, the largest independent digital-native music label globally (EQT X); and Avetta, a leading cloud-based supply chain risk management software platform (EQT X) · The transaction with Wind Tre (EQT Infrastructure VI) was terminated
Exit activity[2]
· Total gross fund exits during the quarter amounted to EUR 1bn (EUR 2bn). Exits include the sale of CMS Info Systems, India’s largest cash management company; Shinhan Financial Group, the largest financial group in Korea; and RBL Bank, one of India’s leading private sector banks (BPEA VII) · Other exits include Ottobock, the global leader in wearable human bionics (EQT VII); and Cardior Pharmaceuticals, a leader in RNA-targeted therapies for people with cardiovascular diseases (EQT Life Sciences) · Galderma, a leader in dermatology, priced its IPO on the SIX Swiss Exchange gaining >20% on the day of the IPO, with a total offering of USD 2.6bn. The offering comprised mainly of primary shares, to raise capital for Galderma, with only a minimal sale by EQT VIII
Investment performance
· All ten Key funds are performing On or Above plan, meaning they are on track to deliver on or exceed the return targets communicated to our clients · In the first quarter, Key fund valuations increased by almost 3%, as underlying performance remained healthy and valuation references were supportive. The portfolio remains robust, albeit with certain pockets of underperformance · Strategies focused on earlier-stage investments, such as EQT Ventures and EQT Growth, saw a meaningful value uplift in certain portfolio companies
People and future-proofing
· The number of full-time employees and on-site consultants (FTE+) amounted to 1,859 (1,792), of which 1,802 (1,687) were FTEs. Hiring was primarily to support new strategic initiatives such as Private Wealth and prioritized regions such as Asia and the US · Masoud Homayoun, Partner and Head of EQT Value-Add Infrastructure, joined EQT’s Executive Committee · EQT Network appointed Sir Alok Sharma as a Senior Advisor on geopolitical topics and economic trends, drawing on his extensive experience in sustainability, with a background as the President of the 2021 UN’s Climate Change Conference in Glasgow (COP26), and the Secretary of State for Business, Energy, and Industrial Strategy in the UK · Since committing to the Science Based Targets initiative in 2021, EQT has supported 39 portfolio companies in setting science-based targets, out of which 7 completed the validation in Q1. Additionally, 24 are in the process of setting targets
Other
· EQT won six awards in the 2023 PEI Group Awards, including Infrastructure Investor's "Global Sustainable Investor of the Year" for the second consecutive year, and New Private Markets' "Multi-Strategy Firm of the Year (ESG)" · Further to the ongoing review of certain current and former EQT employees’ carried interest taxation, the Swedish Tax Agency has communicated its intention to review EQT’s related social security contribution obligations
Events after the reporting period
· Investment levels in EQT Key funds as of 18 April 2024, were 35-40% in EQT X, 30-35% in EQT Infrastructure VI and 40-45% in BPEA VIII · EQT Active Core Infrastructure entered exclusive talks to acquire Ocea Group, a leading French water and heat submetering infrastructure provider · EQT Infrastructure VI acquired a majority position in Universidad Europea, a leading private higher education platform in Spain and Portugal · EQT Mid Market Europe has signed an agreement to sell Rimes, a global leader in enterprise data management solutions for the investment industry · Fundraising was launched for EQT Healthcare Growth
1. EQT Future charges management fees on invested capital 2. Signed transactions, if not otherwise mentioned
Presentation of EQT AB’s Q1 Announcement 2024
Financial analysts and media are invited to participate in a conference call, including a presentation at 08:30 CEST.
The presentation and a link to follow the webcast and conference call live can be found here and a recording will be available afterwards.
To participate by phone, please register here . You will then receive your personal dial-in details, to be able to ask questions during the Q&A.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.
The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group's development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq's guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.
Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15EQT Shareholder Relations, shareholderrelations@eqtpartners.com
Rickard Buch, Head of Corporate Communications, +46 72 989 09 11EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
This is information that EQT 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, at 07:30 CEST on 18 April 2024.
“Scania participates in many press tests in Europe, but the Green Truck Award really focuses on what is an absolute core requirement in our industry – offering customers the best possible transport efficiency,” says Stefan Dorski, Senior Vice President and Head of Scania Trucks. “Our Super-based powertrain was introduced in 2021 and brought a new performance level to the market, with its 8% fuel-savings that our customers now benefit from in their daily operations.”
The annual “Green Truck” test is organised by the magazines Trucker and VerkehrsRundschau. It began in 2011 and has been held 14 times. So far, Scania has scored nine (!) wins in total, four second places and one 5th place (in the very first year). Needless to say, no other brand is even close to Scania’s track record.
“Ah, the fifth place – that happened long before my tenure started,” says a smiling Dorski. “Seriously though, we at Scania are very proud and happy at having regained the title as the most efficient long-haul truck in the world. Consuming less fuel means that our trucks contribute a lot for curbing CO2 emissions, since so much of the world’s transports is still dependent on combustion engines.”
The best truck in the test is identified by applying a clever formula that covers all the relevant aspects of being transport-efficient and sustainable: fuel consumption, average speed, used AdBlue volume and the weight of the truck (the lighter the better).
And when one takes a closer look at the actual data that are used in the Green Truck formula, Scania’s results stand out: over 100km distance, the average difference compared to the runner-up is 0.41 litres of fuel. Taking into perspective the fact that a long-haul truck travels something like 150,000 km each year, this makes Scania’s more than 600 litre per year better off than the nearest competitor. At 7,040 kg, the Scania truck was also the lightest vehicle, and achieved the highest average speed, at 79.70 km/h. Scania also introduced an updated version of its CCAP system (Cruise Control with Active Prediction) in May 2023, something that is believed to have given an edge in the test.
The actual testing takes place on various types of roads (though mainly motorways) in the Munich area. Everything is closely monitored by the organisers and by staff from the participating manufacturers. A reference truck is always used to compensate for changing conditions such as head winds, rain and temperature.
Watch the winning truck in action here.
Norse Atlantic Airways proudly announces the launch of its newest route connecting London Gatwick and Cape Town, set to commence on October 28th, 2024. With flights operating three times a week on Monday, Wednesday, and Saturday, travellers can now experience the vibrant culture and breathtaking landscapes of Cape Town with ease.
With fares starting from just £499 return in Economy and £1199 return in Norse Premium class, Norse Atlantic Airways is committed to delivering exceptional value without compromising on quality. Moreover, this historic route launch signifies a shift in consumer choice, as Norse Atlantic Airways breaks the existing duopoly on the London to Cape Town route. By injecting much-needed competition into the market, Norse Atlantic Airways aims to empower consumers with greater choice, flexibility, and affordability.
“We are thrilled to introduce our new route between London and Cape Town. By breaking the duopoly on this route, we are not only expanding travel options for consumers but also driving down costs and putting the customer back in the pilot’s seat. At Norse Atlantic Airways, we believe that everyone deserves the opportunity to experience the wonders of the world and our new route to Cape Town will allow many more people to visit this amazing destination,” said Bjorn Tore Larsen, CEO and Founder of Norse Atlantic Airways.
Stephanie Wear, VP Aviation Development, London Gatwick said: “We are proud to welcome another new route from Norse Atlantic, connecting passengers across London and the South East with Cape Town from October.
“Norse has continued to grow at London Gatwick and provide excellent connectivity to a number of key markets across the USA. This new route to South Africa is great news not only for those looking for a fantastic holiday destination, but also for trade and inbound tourism.”
Cape Town boasts a myriad of attractions, from the iconic Table Mountain to the stunning coastline and world-renowned vineyards of the Cape Winelands. Travelers can immerse themselves in the rich history of Robben Island, explore the bustling Victoria & Alfred Waterfront, or indulge in delectable cuisine at the city’s top restaurants.
Outbound flights depart London Gatwick at 20.00 and land in Cape Town at 0930 the following morning. Inbound flights depart Cape Town at 11.45 and arrive at London Gatwick at 21.35 the same day.
Norse Atlantic exclusively operates modern Boeing 787 Dreamliner aircraft. The cabin offers passengers a relaxed and comfortable travel experience with each seat including a personal, state-of-the-art entertainment experience. Our Norse Premium cabin offers an industry leading 43” seat pitch and 12” recline, allowing passengers to arrive at their destination feeling refreshed and ready to explore their destination.
Norse Atlantic offers two cabin choices: Economy and Norse Premium. Passengers can choose from a simple range of fares, Light, Classic and Flextra, that reflect the way that they want to travel, and which options are important to them. Light fares represent Norse’s value option, while Flextra fares include the maximum baggage allowance, two meal services and increased ticket flexibility.
For more information or to book visit www.flynorse.com
Herning, Denmark, 18 April 2024 – The Annual General Meeting 2024 was held today. All the proposed resolutions were approved by the AGM. This includes the re-election of Søren Eriksen, Jørn Rosenlund, Christina Aabo and Anne Kathrine Steenbjerge to the Board of Directors and approval of the resolution to appoint Yasuhiro Miyata a seat in the Board of Directors.
The Minutes of Meeting is attached and will be available from the company’s website: www.everfuel.com/investor/
For additional information, please contact
Jesper Ejlersen, CFO, Everfuel, jej@everfuel.com
Mads T. Mortensen, Director of investor relations and communication, Everfuel, mm@everfuel.com, +45 7730 4727
About Everfuel | www.everfuel.com
Everfuel is making green hydrogen for zero emission industry and mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply and fuelling solutions. We own and operate green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. We are an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, The Netherlands and Germany, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.