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Caverion publishes certain key figures following the announcement of an offering of senior secured notes by Caverion’s indirect parent company

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Caverion Corporation Stock exchange release 10 June 2024 at 10:15 EET

HELSINKI, June 10, 2024 /PRNewswire/ — Caverion publishes certain key figures following the announcement of an offering of senior secured notes by Caverion’s indirect parent company

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW.

Assemblin Caverion Group AB (publ), the indirect parent company of Caverion Corporation (“Caverion”), has today announced the offering of senior secured notes (the “Offering”) and distributed a related offering memorandum in compliance with Rule 144A and Regulation S under the U.S. Securities Act of 1933, as amended, containing information concerning the Offering and the combined Assemblin Caverion Group, including certain financial and other information concerning the Caverion Group.

Caverion published by way of stock exchange release on 30 May 2024 unaudited condensed consolidated interim financial statements of the Caverion Group as of and for the three months ended 31 March 2024.

In addition, Caverion now announces certain supplementary operating data and Non-IFRS financial information, as set out in the below table in the form such is intended to be included in certain materials relating to the Offering. Further information regarding the Offering is available at the Assemblin Caverion Group website at https://www.assemblincaverion.com/investors.

For the year ended December 31,

For the three months
ended March 31,

As of and
for the
twelve
months
ended
March 31,

2021

2022

2023

2023

2024

2024

(EUR millions, unless otherwise indicated)

Caverion Order intake
………..

2,382.6

2,394.0

2,494.1

728.6

692.1

2,457.5

Caverion Order backlog
……….

2,032.7

2,032.7

Caverion Free Cash Flow is defined as Caverion Adjusted EBITDA, less non-lease tangible net capital expenditures, finance lease repayments (excluding interest) and change in Caverion Working Capital. Caverion Cash Conversion is defined as Caverion Free Cash Flow divided by Caverion Adjusted EBITA. The following is the calculated Caverion Free Cash Flow and Caverion Cash Conversion for the periods presented:

For the year ended December 31,

For the three months ended March 31,

For twelve
months
ended
March 31,

2021

2022

2023

2023

2024

2024

(EUR millions)

Caverion Adjusted EBITDA
…..

142.1

163.0

184.7

39.1

42.8

188.4

Non-lease tangible net capital expenditures 

(4.4)

(5.6)

(6.8)

(1.9)

(2.1)

(6.9)

Finance lease repayments (excluding interest) 

(46.9)

(49.8)

(52.9)

(12.3)

(13.5)

(54.2)

Change in Caverion Working Capital 

(21.0)

9.4

14.0

10.6

(12.5)

(9.0)

Caverion Free Cash Flow
…….

69.7

117.0

138.9

35.4

14.7

118.2

Caverion Adjusted EBITA……..

87.7

105.8

123.7

24.5

26.6

125.7

Caverion Cash Conversion (%)
..

79.5 %

110.6 %

112.3 %

144.8 %

55.4 %

94.1 %

The key figures presented above constitute alternative performance measures that should be read together with Caverion’s (interim) financial statements prepared in accordance with IFRS. Alternative performance measures are presented as they are believed to assist users of Caverion’s (interim) financial statements in comparing performance across reporting periods. Alternative performance measures should not be considered in isolation or as a substitute for performance measures calculated in accordance with IFRS.

CAVERION CORPORATION

Distribution: Nasdaq Helsinki, key media, www.caverion.com

For further information, please contact:
Pasi Päivärinta, interim CFO, tel. +358 50 485 0304, pasi.paivarinta@caverion.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/caverion/r/caverion-publishes-certain-key-figures-following-the-announcement-of-an-offering-of-senior-secured-n,c3997710

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Gentoo Media – Mandatory notification of trade

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ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

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Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

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BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

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Agoda Highlights Five Urban Hikes for Adventurous Travelers

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SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

 

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SOURCE Agoda

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