Geberit FY20 Net Profit Edges Down, EBIT Up; Lifts Dividend – Quick Facts

Mike Trout, once again, leads the way in an otherwise unpredictable AL LABR draft

At the first fantasy drafts in the League of Alternative Baseball Reality in 1994, the top experts at the time – including Bill James, Keith Olbermann, Glenn Waggoner and John Hunt – conducted the AL and NL auctions via conference call. They took more than six hours to complete.

The participants quickly learned that in-person drafting was much better, and until this year, that continued to be the case. But travel restrictions forced LABR online in 2021, adding another layer of uncertainty on top of everything else from last year’s 60-game season.

Leave it to defending AL champion Larry Schechter to throw one more curveball by picking Astros outfielder Michael Brantley as the draft's first nomination.

The big names soon followed, however, with Gerrit Cole ($40) and then Shane Bieber ($41) setting the bar for pitchers, and Mike Trout ($41) topping the hitters.

Hackers Breach 150,000 Live Surveillance Cameras At Tesla, Cloudflare, Police Dept And Schools

A group of hackers gained access to about 150,000 live-feed surveillance cameras developed by startup Verkada Inc. used inside hospitals, companies, police departments, prisons and schools around the world, Bloomberg reported.

According to the report, Companies whose footage was exposed include carmaker Tesla and software provider Cloudflare. In addition, hackers were able to view video from inside women’s health clinics, psychiatric hospitals and the offices of Verkada itself.

“We have disabled all internal administrator accounts to prevent any unauthorized access,” a Verkada representative reportedly said in a statement.

The exposed footage included hospital staffers tackling and pinning a man to a bed in Halifax Health Medical Center in Florida and officers in a police station in Stoughton, Massachusetts, questioning a handcuffed person.

Another video reportedly showed workers on an assembly line inside a Tesla warehouse in Shanghai, China. The hackers reportedly said they obtained access to 222 cameras in Tesla factories and warehouses.

The report noted that the hacking group also gained access to the security cameras in Sandy Hook Elementary School in Newtown, Connecticut, and in Madison County Jail in Huntsville, Alabama.

Bloomberg reported that the hacking group breached Verkada by finding a user name and password for a company administrator account that had been exposed on the internet. The hackers then used that account to view the cameras of all of Verkada’s customers.

Germany's confirmed coronavirus cases rise by 9,146: RKI

FILE PHOTO: A mother helps taking a smear of her son during a free antigen quick test in a tent on the ground of the Dresden fair, amid the coronavirus disease (COVID-19) pandemic in Dresden, Germany, March 9, 2021. REUTERS/Matthias Rietschel

BERLIN (Reuters) – The number of confirmed coronavirus cases in Germany increased by 9,146 to 2,518,591, data from the Robert Koch Institute (RKI) for infectious diseases showed on Saturday. The reported death toll rose by 300 to 72,489, the tally showed.

Police officer arrested over disappearance of Sarah Everard

Brenntag FY20 Operating EBITDA Rises – Quick Facts

Brenntag (BNTGF.PK) reported fiscal 2020 profit attributable to shareholders of 466.5 million euros compared to 466.7 million euros, previous year. Earnings per share was 3.02 euros, flat with prior year. Operating EBITDA was 1.06 billion euros, a year-on-year increase of 8.3%.

Fiscal 2020 sales declined to 11.78 billion euros from 12.82 billion euros, previous year.

For the full year 2021, Brenntag expects an operating EBITDA between 1.08 billion euros and 1.18 billion euros.

The Board of Management and the Supervisory Board will propose a dividend of 1.35 euros per share at the general shareholders meeting.

Kloeckner Turns To Profit In Q4 – Quick Facts

Kloeckner & Co SE (KCO), a producer of steel and metal products, reported that its net income attributable to shareholder for the fourth-quarter was 21 million euros or 0.20 euros per share compared to a loss of 51 million euros or 0.51 euros per share in the prior year.

Earnings before, interest, taxes, depreciation and amortization or EBITDA climbed to 54 million euros from 3 million euros last year.

But sales for the quarter declined to 1.23 billion euros from 1.37 billion euros in the previous year.

The company said it is well on track to generate over 60% of Group sales via digital channels in 2022, thus exceeding its own target. Digitalization and further optimization measures associated with the project Surtsey should contribute more than 100 million euros to earnings by the end of 2021.

For the first quarter of 2021, the company expects an extraordinarily high operating income or EBITDA of 110 million euros – 130 million euros before material special effects.

For fiscal year 2021, Klöckner & Co expects a significant rise in real steel demand and consequently a considerable increase in sales, despite the ongoing COVID-19 pandemic. The Group expects very considerable growth in operating income (EBITDA) before material special effects.

As part of restructuring measures, more than 80% of the planned reduction in the workforce by a total of about 1,200 positions in Europe and the USA has already been implemented.

Geberit FY20 Net Profit Edges Down, EBIT Up; Lifts Dividend – Quick Facts

Sanitary technology solutions provider Geberit Group (GBERF.PK) reported Wednesday that its fiscal 2020 net income decreased 0.7 percent to 642 million Swiss francs from last year’s 647 million francs. Earnings per share were 17.95 francs, down from 17.97 francs last year.

Operating profit or EBIT rose 2 percent to 772 million francs, and the EBIT margin reached 25.8 percent, up from previous year’s 24.5 percent.

Consolidated net sales in 2020 decreased 3.1 percent to 2.99 billion francs from 3.08 billion francs a year ago. The decline comprised growth in local currencies of 1.3 percent and a negative foreign currency effect of 4.4 percent.

Further, the Board of Directors will propose to the ordinary General Meeting of Geberit on April 14 an increase in the dividend of 0.9 percent to 11.40 francs. The payout ratio of 63.8 percent of net income is in the upper range of the 50 percent to 70 percent corridor defined by the Board.

Separately, the company said its Board will nominate Thomas Bachmann for election as an independent member of the Board of Directors at the 2021 General Meeting. He is to replace Hartmut Reuter, who will be stepping down after 13 years.