Day: February 10, 2023

The following is an extract from the “Iveco Group 2022 Full Year and Fourth Quarter Results” press release. The complete press release can be accessed by visiting the media section of the Iveco Group corporate website: https://www.ivecogroup.com/media/corporate_press_releases or consulting the accompanying PDF:

Iveco Group consolidated revenues of €14 billion (up 13% year on year).
Adjusted EBIT of €527 million and adjusted net income of €225 million.
Net cash of Industrial Activities at €1,727 million,
with positive free cash flow of Industrial Activities of €690 million.
Initiating the approval process for a Share Buy-Back Programme up to 10 million common shares.

Consolidated revenues of €14,357 million, up 13.5%. Net revenues of Industrial Activities of €14,165 million, up 13.1%, mainly due to higher volumes and positive price realization.

Adjusted EBIT of €527 million (€151 million increase compared to 2021), with a 3.7% margin (up 70 bps compared to 2021). Adjusted EBIT of Industrial Activities of €424 million (€302 million in 2021), with positive price realization, higher volumes and better mix more than offsetting higher raw material and energy costs.

Adjusted net income of €225 million (€85 million increase compared to 2021), which primarily excludes a negative impact in connection with our operations in Russia and in Ukraine, due to the impairment of certain assets, spin-off costs, a negative impact from the first-time adoption of the hyperinflationary accounting in Türkiye, and the gain on the final step of Chinese joint ventures’ restructuring. Adjusted net income also excludes the effects, booked in Q4 2022, deriving from the gain on the disposal of certain fixed assets in Australia, as well as from the loss for the impairment of certain R&D costs and other assets, primarily related to the bus business, as a consequence of the acceleration in emission-related technological transition. Adjusted diluted earnings per share of €0.78 (up €0.35 compared to 2021).

Financial expenses of €206 million (€115 million in 2021), increasing mainly due to higher interest rates and hyperinflation impacts in Argentina and Türkiye.

Reported income tax expense of €101 million, with adjusted effective tax rate (adjusted ETR) of 30% reflecting different tax rates applied in the jurisdictions where the Group operates and some other discrete items.

Net cash of Industrial Activities at €1,727 million (€1,063 million at 31^st December 2021). Free cash flow of Industrial Activities positive for €690 million (€815 million improvement compared to 2021) primarily due to the operating performance and working capital improvement.

Available liquidity at €4,364 million as of 31^st December 2022, up €2,928 million from 31^st December 2021, including €2,000 million of undrawn committed facilities.

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• 20230210_PR_IVG_FY&Q4_2022

GlobeNewswire Distribution ID 1000781908

        Thursday 09 February 2023

2022 TURNOVER UP 7.1%

AKWEL (FR0000053027, AKW, PEA-eligible), the automotive and HGV equipment and systems manufacturer specialising in fluid and mechanism management and structural parts for electric vehicles, posted consolidated revenue of €988.5m for 2022.

Consolidated turnover (1 January to 31 December)

⁽¹⁾   Comparing like-for-like figures.

In the last quarter, AKWEL posted a consolidated turnover of €249.4 million, up by 11.5% when comparing published figures and by 14.6% when taking exchange rates and scope as constants.

With this third consecutive quarter of increased activity, in an environment that continues to be disrupted by component shortages and inflation, the Group ends 2022 with a 7.1% annual increase in turnover compared with 2021.

On a like-for-like basis, the increase in annual turnover was +11.3%.

The Products and Functions turnover stood at €951.4m, up by 7.8%, with an increase across almost all of the Group’s product lines

Net cash excluding lease obligations fell by €7.6m in Q4 to reach €115.1m at closing, an increase of €6.7m over the year.

As expected, the Group’s profitability was impacted by supply constraints and the difficulties in passing on the inflationary impacts recorded across all operating costs, with current operating income expected to fall by around 40% for 2022.

For the 2023 financial year, in an environment in which visibility over the global automotive market remains very limited, AKWEL anticipates a slight increase in turnover.

Attachment

• 2023-02-09_AKWEL_CA-2022_EN_Short

GlobeNewswire Distribution ID 1000781838

Valentine’s Day

Valentine’s Day

SYDNEY, Feb. 10, 2023 (GLOBE NEWSWIRE) — With Valentine’s Day right around the corner, BLUETTI has rolled out loads of savings on solar generators as of Feb. 6 to bolster the sweet celebration at home, outdoor entertainment, or RV trips on the road.

Don’t want to squeeze into a crowded restaurant, cinema or shopping centre? With BLUETTI, there are plenty of special ways to enjoy love and peace. AC300 + B300 is a modular model that has established a distinct presence in the market. Boasting up to 12,288Wh capacity and a 3,000W PSW inverter for securely running high-load devices, it’s an ideal gift for partners who love camping, outdoor adventures and DIY.

It’s frustrating to lose power unexpectedly when RV-travelling or camping in the wild. AC200MAX adopts premium LifePO4 battery to provide 3500+ life cycles. It also has a 2,200W PSW inverter and 2,048Wh capacity to fulfill most power demand, which can be extended by connecting with B230 or B300 expansion batteries. Even standalone, those LFP battery packs can be a DC power source to charge three devices simultaneously. They support solar, brick and car charging as well.

To avoid frequent power cuts due to flooding or have an outdoor cinema in the garden, BLUETTI EP500 is the perfect pick. Equipped with 5,100Wh capacity and 2,000W PSW inverter, it’s built for 24/7 home charging and less dependent on the utility grid. The wheel design on the bottom allows effortless mobility.

Walk through the wonderland of nature, where there’s clean air, acres of woods, and streams flowing by. Portable power stations like BLUETTI EB55, can charge cellphone, walkie-talkie, camera, coffee maker, mini fridge, and more.

BLUETTI will launch a BLUETTILOVE campaign during Valentine’s Day Sale. Participants can upload photos,share love stories or post anonymous SMS to win Free EB3A, PV120, and $20 coupons. Click https://www.bluettipower.com.au/pages/valentines-day-sale to join.

About BLUETTI
With over 10 years of industry experience, BLUETTI has tried to stay true to a sustainable future through green energy storage solutions for both indoor and outdoor use while delivering an exceptional eco-friendly experience for everyone and the world. BLUETTI is making its presence in 70+ countries and is trusted by millions of customers across the globe. For more information, please visit https://www.bluettipower.com.au.

Social Media
Facebook: https://www.facebook.com/bluetti.au
Instagram: https://www.instagram.com/bluetti_australia
YouTube： https://www.youtube.com/@BLUETTIOfficial

Contact Information:
Amanda Yan
Integrated Marketing for BLUETTI
pr@bluetti.com
+8615013559696

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Attachment

• Valentine’s Day

GlobeNewswire Distribution ID 8746712

 VICTOR, N.Y., Feb. 09, 2023 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that Bill Newlands, President and Chief Executive Officer, will present at the 2023 Consumer Analyst Group of New York Conference on Thursday, February 23, 2023 in Boca Raton, FL. The presentation is scheduled to begin at 3:00 p.m. ET and is expected to cover the company’s strategic business initiatives, financial metrics, and operating performance, as well as outlook for the future.

A live, listen-only webcast of the presentation will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the presentation begins, financial information discussed in the presentation, and a reconciliation of reported GAAP financial measures with comparable or non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the webcast, a replay will be available on the company’s investor relations website through the close of business on March 31, 2023.

ABOUT CONSTELLATION BRANDS
At Constellation Brands (NYSE: STZ), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

A downloadable PDF copy of this news release can be found here: http://ml.globenewswire.com/Resource/Download/5c38f131-fe59-42ac-bddd-5b8dc28d8fd4

GlobeNewswire Distribution ID 8746390

SAN FRANCISCO, Feb. 09, 2023 (GLOBE NEWSWIRE) — Meltwater, a global leader in media and social intelligence, has been named to G2’s 2023 Best Software Awards, the world’s largest and most trusted software marketplace used by more than 80 million people annually. For the second year in a row, Meltwater has earned titles in two categories, including Best Overall Software Products and Best Marketing and Digital Advertising Products.

G2’s annual Best Software Awards ranks the world’s best software companies and products based on authentic, timely reviews from real users. Meltwater scored highly across the board on features that are critical for Marketing & PR professionals such as: Social Media Analytics, Social Media Monitoring, Media Monitoring, Social Media Management, PR Analytics, Social Media Suites, Media and Influencer Targeting.

“It’s an honor to again be recognized as a winner of the G2 Best Software Awards,” said John Box, CEO, Meltwater. “Our customers are truly at the heart of everything we do – and it’s with their support and feedback that we’re able to continue to invest in and evolve our suite of solutions to meet the evolving needs of their businesses. Our team is committed to continuing our proven track record of delivering the innovative, impactful products that PR, Marketing and Communications professionals have come to expect from Meltwater.”

The lists G2 created are based on data from over 1M authentic, verified customer reviews. Meltwater earned its place on these lists because of positive customer feedback, including:

• “Fantastic tool for measuring SOV and impact of other awareness-building initiatives!”
• “I love the multitude of features Meltwater provides, beyond merely, monitoring social media accounts and groups. It is an invaluable tool for our market research team in helping us investigate trends within a particular market or industry.”
• “Meltwater has been incredibly helpful in researching and shaping messaging for our clients. Sentiment analysis very much drives our decision making and clients are super happy with the results!”
• “Meltwater has changed my workday.”
• “Meltwater makes media watching and PR management easy and the tutorials were great for me and my team to stay on top of the latest trends…”
• “My monthly calls with my account manager are always very helpful. I appreciate the partnership and Meltwater’s priority to make the platform work for me.”

Find the complete list of G2’s 2023 Best Software Awards here: https://www.g2.com/best-software-companies.

For more information or to schedule a demo, please visit https://www.meltwater.com/request-demo

Contacts:
Jenny Force
VP Marketing, Meltwater
jenny.force@meltwater.com

Ellen Presutti
Vice President, Red Havas
ellen.presutti@redhavas.com

About Meltwater
Meltwater provides social and media intelligence. By examining millions of posts each day from social media platforms, blogs and news sites, Meltwater helps companies make better, more informed decisions based on insight from the outside. The company was founded in Oslo, Norway, in 2001 and is headquartered in San Francisco, California, with 50 offices across six continents. The company has 2,300 employees and 27,000 corporate customers, including industry leaders in several sectors. Learn more at meltwater.com.

GlobeNewswire Distribution ID 8746586