Voestalpine’s Revenues And Earnings Jump In H1

Isuzu Motors H1 Net Income Rises; Net Sales Up 30.4% – Quick Facts

Isuzu Motors (ISUZY.PK) reported that its first-half net income to owners of parent was 73.0 billion yen, an increase of 2.6% from last year. Net income per share was 94.17 yen compared to 91.87 yen.

Net sales were 1.49 trillion yen, an increase of 30.4%. The total number of vehicles sold at home and abroad rose 21.8% to 321,266 units.

The company now expects vehicle unit sales for the current fiscal year to be slightly lower than the forecast released on May 13, 2022, due to a slower-than-expected recovery of semiconductor supply.

For fiscal 2023, the company expects: net income per share of 180.61 yen, and net sales of 3.1 trillion yen.

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FirstGroup H1 Profit Before Tax Drops

U.K.-based railroads business FirstGroup plc (FGP.L) on Wednesday reported lower profit before tax in the first half of fiscal 2023.

Profit before tax plunged to 8.7 million pounds, from 516.5 million pounds in the first half of the prior year. On a continuing basis it reported a profit of 37.0 million pounds, versus a loss of 64.5 million pounds in the year-ago period.

Adjusted profit before tax declined to 32.9 million pounds, from 103.7 million pounds in the first half of the prior year. On a continuing operations basis, it was a profit of 41.0 million pounds, versus the loss of 6.3 million pounds in the year-ago period.

The company reported a loss per share of 0.1 pence as compared to an earnings per share of 42.4 pence in the prior period.

On an adjusted basis, EPS decreased to 3.4 pence from 6.6 pence in the prior period. On a continuing operations basis, it reported earnings of 4.4 pence per share as compared to a loss of 0.4 pence per share in the prior period.

Revenues declined to 2.2 billion pounds, from 3.1 billion pounds in the first half of the prior-year fiscal. Revenue from continuing operations however increased to 2.2 billion pounds, from 2.1 billion pounds in the prior period.

Group adjusted attributable profit increased to 30.8 million pounds, from 13.3 million pounds in the comparable prior period.

The company stated that the expectations for the current financial year are broadly unchanged despite a shift in mix.

Shares of FirstGroup closed Tuesday’s trading at 106.90 pence, up 0.90 pence or 0.85 percent from the previous close.

Sixt Q3 Profit Rises; Now Sees FY22 EBT At Upper End Of Forecast Range; Stock Down

Sixt SE, or Sixt car hire (SIXGF.PK) reported Wednesday that its third-quarter consolidated result grew 2 percent to 201.4 million euros from last year’s 197.4 million euros.

Consolidated earnings before taxes or EBT increased 11.8 percent from last year to 283.1 million euros.

Consolidated revenue increased 24.8 percent to 997.1 million euros from last year’s 799 million euros.

The largest contributor to growth in the third quarter was the North America segment, where revenue increased by 57.4 percent to 276.3 million euros.

The market environment is still positive in terms of both demand and prices at the moment.

Looking ahead for the financial year 2022, SIXT continues to expect a consolidated revenue of between 2.8 billion euros and 3.1 billion euros, and a consolidated EBT to be at the upper end of the previously communicated range of 500 million euros to 550 million euros.??

In Germany, Sixt SE shares were trading at 92.45 euros, down 3.85 percent.

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Deutz AG Reveals Rise In Q3 Income

Deutz AG (DEZBF.PK) revealed earnings for its third quarter that increased from the same period last year

The company’s earnings totaled Euro17.1 million, or Euro0.14 per share. This compares with Euro10.4 million, or Euro0.09 per share, in last year’s third quarter.

Excluding items, Deutz AG reported adjusted earnings of Euro18.2 million or Euro0.15 per share for the period.

The company’s revenue for the quarter rose 15.4% to Euro465.4 million from Euro403.2 million last year.

Deutz AG earnings at a glance (GAAP) :

-Earnings (Q3): Euro17.1 Mln. vs. Euro10.4 Mln. last year.
-EPS (Q3): Euro0.14 vs. Euro0.09 last year.
-Revenue (Q3): Euro465.4 Mln vs. Euro403.2 Mln last year.

-Guidance:
Full year revenue guidance: €1.75 Bln- €1.85Bln

Octopus Energy offers heat pumps for £2,000 through new scheme

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Under the pilot scheme, Halifax mortgage customers will be able to get a heat pump set up from as little as £2,000.

Octopus Energy will provide and install the heat pumps, while Halifax will award a £1,000 Green Living Reward towards the costs.

If a person had a heat pump installed using the scheme and secured a £5,000 grant through the Government’ Boiler Upgrade Scheme, it would cost less than many gas boilers, they said.

More to follow…

Voestalpine’s Revenues And Earnings Jump In H1

Austria-headquartered steel and technology group Voestalpine AG (VOE.VI, VLPNY) on Wednesday reported a 47% surge in profits and a 36% growth in revenues in the first half ended September 30, 2022.

Profit before tax increased 41.2 percent to 846 million euros, from 599 million euros in the prior-year period.

Profit after tax soared 47.2 percent to 715 million euros, from 486 million euros in the year-ago period.

Revenue for the half year also increased 36.6 percent to 9.3 billion euros, from 6.8 billion during the corresponding period last year. The international steel and technology group said it benefited from very good demand in most market segments as well as from high prices for its products, generating record highs year over year in a difficult economic environment.

EBITDA jumped 42% to 1.4 billion euros, from 1 billion euros in the first half of the previous year.

Citing the excellent earnings performance in the first half and the expectation that the global economy would cool in the second half of the business year 2022/23, the company expects EBITDA between 2.3 billion euros and 2.4 billion euros.

Shares of Voestalpine are currently trading at 24.28 euros, down 0.12 euros or 0.49 percent from the previous close.