DENVER (AP) — A suburban Denver man has acknowledged his role in a tax fraud scheme in which he, his mother and his girlfriend filed false income tax returns while he was in prison. The Denver Post reported Friday that 36-year-old Jaquon Mucsarney, of Aurora, pleaded guilty to felony fraud and identity theft charges and […]
Reported by Seattle Times 17 minutes ago.
Colorado man acknowledges tax fraud scheme run from prison
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Suspected DUI crash blocks traffic on Aurora Avenue
Both directions of Aurora Avenue North were closed to traffic in the vicinity of North 115th Street on Wednesday after a car reportedly ran into a pole, according to local agencies.
Reported by SeattlePI.com 7 minutes ago.
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Body found in Aurora; investigated as homicide
Aurora Police are investigating the death of a man whose body was found early Saturday as a homicide.
Reported by Denver Post 7 hours ago.
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Police investigating death outside Aurora U-Haul dealer as homicide
Aurora police are investigating the death of a man found in the parking lot of a U-Haul dealer Saturday morning as a homicide.
Reported by Denver Post 12 hours ago.
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Canada: Weed Wars Part III: The Joint Actor Issue - Davies Ward Phillips & Vineberg
In the recently released joint reasons of the Ontario and Saskatchewan securities commissions in In the Matter of Aurora Cannabis Inc. in respect of the unsolicited takeover bid by Aurora Cannabis Inc
Reported by Mondaq 9 hours ago.
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United States: Voluntary FOIA Exemptions: Aurora Police Lawsuit Provides A Cautionary Tale - Holland & Knight
An incarcerated felon submitted a Freedom of Information Act (FOIA) request in October 2015, to the city of Aurora, Ill., asking for information about the police officers who worked the investigation
Reported by Mondaq 14 hours ago.
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Aurora Cannabis Inc. Is Down 10% in the Past Month: Is Now a Good Time to Buy?
Returns have been flat for Aurora Cannabis Inc. (TSX:ACB) this year. Is the stock poised for a correction?
Reported by Motley Fool 11 hours ago.
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St. Charles, Illinois, Attorney Matthew G. Shaw Named 2018 Leading Lawyer
Owner of Shaw Family Law, P.C., Recognized Among State’s Top Lawyers.
ST. CHARLES, Ill. (PRWEB) March 26, 2018
Shaw Family Law, P.C., is proud to announce that firm owner Matthew G. Shaw has earned recognition as a Leading Lawyer in Illinois for 2018. It is the seventh consecutive year he has received this honor.
Leading Lawyers, a division of the Law Bulletin Media, selects lawyers each year based on peer recommendation and internal reviews. Less than five percent of lawyers in the state receive the Leading Lawyers designation.
St. Charles, Illinois, attorney Matt Shaw has practiced family law for more than 30 years. He operated his own family law office from 1991 to 2000 and reopened it as Shaw Family Law, P.C., in 2016. In between, he was the co-founder of Shaw, Jacobs, Goostree & Associates, P.C. He is also certified as a mediator and guardian ad litem, having worked as a child support attorney for the Kane County Circuit Court Clerks Office from 1987 to 1995.
Shaw has earned a 10.0 Superb Rating from Avvo and a Distinguished BV Rating from Martindale-Hubbell. He was named a Leading West Suburban Lawyer by the Leading Lawyers Network in 2013 and 2014.
Matt Shaw has lectured and written on family law topics for many years, including authoring the first chapter of the Illinois Family Law Handbook. He has served as the co-chair of the Illinois State Bar Association Family Law Section Council and chair of the Kane County Bar Association Family Law Committee.
Shaw Family Law, P.C.:
The law firm of Shaw Family Law, P.C. is located in St. Charles, Illinois. The Kane County family law firm represents clients throughout Northern Illinois including the communities of St. Charles, Geneva, Batavia, Elgin, and Aurora. Shaw Family Law, P.C. provides tailored legal counsel in the practice areas of family law, divorce, parenting (child custody), child support, adoption, paternity, and mediation.If you are seeking efficient divorce representation in Kane County contact Shaw Family Law, P.C. Call 630-206-3300 or fill out our online contact form to schedule your free consultation today. Reported by PRWeb 9 hours ago.
ST. CHARLES, Ill. (PRWEB) March 26, 2018
Shaw Family Law, P.C., is proud to announce that firm owner Matthew G. Shaw has earned recognition as a Leading Lawyer in Illinois for 2018. It is the seventh consecutive year he has received this honor.
Leading Lawyers, a division of the Law Bulletin Media, selects lawyers each year based on peer recommendation and internal reviews. Less than five percent of lawyers in the state receive the Leading Lawyers designation.
St. Charles, Illinois, attorney Matt Shaw has practiced family law for more than 30 years. He operated his own family law office from 1991 to 2000 and reopened it as Shaw Family Law, P.C., in 2016. In between, he was the co-founder of Shaw, Jacobs, Goostree & Associates, P.C. He is also certified as a mediator and guardian ad litem, having worked as a child support attorney for the Kane County Circuit Court Clerks Office from 1987 to 1995.
Shaw has earned a 10.0 Superb Rating from Avvo and a Distinguished BV Rating from Martindale-Hubbell. He was named a Leading West Suburban Lawyer by the Leading Lawyers Network in 2013 and 2014.
Matt Shaw has lectured and written on family law topics for many years, including authoring the first chapter of the Illinois Family Law Handbook. He has served as the co-chair of the Illinois State Bar Association Family Law Section Council and chair of the Kane County Bar Association Family Law Committee.
Shaw Family Law, P.C.:
The law firm of Shaw Family Law, P.C. is located in St. Charles, Illinois. The Kane County family law firm represents clients throughout Northern Illinois including the communities of St. Charles, Geneva, Batavia, Elgin, and Aurora. Shaw Family Law, P.C. provides tailored legal counsel in the practice areas of family law, divorce, parenting (child custody), child support, adoption, paternity, and mediation.If you are seeking efficient divorce representation in Kane County contact Shaw Family Law, P.C. Call 630-206-3300 or fill out our online contact form to schedule your free consultation today. Reported by PRWeb 9 hours ago.
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Aurora hires SpaceX’s Jinnah Hosein, opens SF and Pittsburgh offices
Self-driving technology company Aurora has made some key moves on its leadership team and overall company growth: It’s bringing on SpaceX’s now former head of software engineering, Jinnah Hosein, to lead its own software engineering team in a VP role. The autonomous software provider is also opening up two new offices, including one in San […]
Reported by TechCrunch 7 hours ago.
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Magna Celebrates Grand Opening at South Carolina Seat Facility
· First BMW Group seat programs in Magna’s history
· Plant to expand, create additional jobs
· Magna’s fourth manufacturing plant in South Carolina
AURORA, Ontario, March 26, 2018 (GLOBE NEWSWIRE) -- For the first time in its history Magna will supply seats to the BMW Group. Company officials were joined today by South Carolina Governor Henry McMaster, members of local government and executives from BMW to celebrate the grand opening of Magna’s seat manufacturing facility in Spartanburg County, South Carolina.
“Magna International is a longtime member of the South Carolina business community, and we’re proud to see that this global company is continuing to find success here,” said South Carolina Governor Henry McMaster. “I look forward to watching all that this plant will achieve in the years to come.”
At the event, Magna officials also announced an expansion at the plant, which will add 25,000 square feet and an additional 130 jobs. In total, Magna is now creating 610 jobs at the 255,000-square-foot facility, where construction for the expansion is under way.
“Today represents an exciting step forward in the growth and development of our business in North America,” said Burge Young, vice president of operations for Magna Seating. “We have a strong leadership team and a highly skilled workforce which is dedicated to world-class manufacturing and has a clear mission: to be the premier seat supplier to our customers here in South Carolina and around the world.”
Magna has three other manufacturing locations and employs approximately 1,450 people in South Carolina. The new seating facility is Magna’s fourth location in the state.
TAGS
Automotive seating, automotive seat systems, BMW Spartanburg
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, 248.631.5396
ABOUT MAGNA INTERNATIONAL
We have more than 168,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 335 manufacturing operations and 96 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit *www.magna.com**.*
*THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM**.*
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6d154cf0-b4b7-4de4-b2e0-9a754b215ad2 Reported by GlobeNewswire 5 hours ago.
· Plant to expand, create additional jobs
· Magna’s fourth manufacturing plant in South Carolina
AURORA, Ontario, March 26, 2018 (GLOBE NEWSWIRE) -- For the first time in its history Magna will supply seats to the BMW Group. Company officials were joined today by South Carolina Governor Henry McMaster, members of local government and executives from BMW to celebrate the grand opening of Magna’s seat manufacturing facility in Spartanburg County, South Carolina.
“Magna International is a longtime member of the South Carolina business community, and we’re proud to see that this global company is continuing to find success here,” said South Carolina Governor Henry McMaster. “I look forward to watching all that this plant will achieve in the years to come.”
At the event, Magna officials also announced an expansion at the plant, which will add 25,000 square feet and an additional 130 jobs. In total, Magna is now creating 610 jobs at the 255,000-square-foot facility, where construction for the expansion is under way.
“Today represents an exciting step forward in the growth and development of our business in North America,” said Burge Young, vice president of operations for Magna Seating. “We have a strong leadership team and a highly skilled workforce which is dedicated to world-class manufacturing and has a clear mission: to be the premier seat supplier to our customers here in South Carolina and around the world.”
Magna has three other manufacturing locations and employs approximately 1,450 people in South Carolina. The new seating facility is Magna’s fourth location in the state.
TAGS
Automotive seating, automotive seat systems, BMW Spartanburg
INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
louis.tonelli@magna.com, 905.726.7035
MEDIA CONTACT
Tracy Fuerst, Global Director of Corporate Communications & PR
tracy.fuerst@magna.com, 248.631.5396
ABOUT MAGNA INTERNATIONAL
We have more than 168,000 entrepreneurial-minded employees dedicated to delivering mobility solutions. We are a mobility technology company and one of the world's largest automotive suppliers with 335 manufacturing operations and 96 product development, engineering and sales centres in 28 countries. Our competitive capabilities include body exteriors and structures, power and vision technologies, seating systems and complete vehicle solutions. Our common shares trade on the Toronto Stock Exchange (MG) and the New York Stock Exchange (MGA). For further information about Magna, visit *www.magna.com**.*
*THIS RELEASE MAY CONTAIN STATEMENTS WHICH CONSTITUTE “FORWARD-LOOKING STATEMENTS” UNDER APPLICABLE SECURITIES LEGISLATION AND ARE SUBJECT TO, AND EXPRESSLY QUALIFIED BY, THE CAUTIONARY DISCLAIMERS THAT ARE SET OUT IN MAGNA’S REGULATORY FILINGS. PLEASE REFER TO MAGNA’S MOST CURRENT MANAGEMENT’S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL POSITION, ANNUAL INFORMATION FORM AND ANNUAL REPORT ON FORM 40-F, AS REPLACED OR UPDATED BY ANY OF MAGNA’S SUBSEQUENT REGULATORY FILINGS, WHICH SET OUT THE CAUTIONARY DISCLAIMERS, INCLUDING THE RISK FACTORS THAT COULD CAUSE ACTUAL EVENTS TO DIFFER MATERIALLY FROM THOSE INDICATED BY SUCH FORWARD-LOOKING STATEMENTS. THESE DOCUMENTS ARE AVAILABLE FOR REVIEW ON MAGNA’S WEBSITE AT WWW.MAGNA.COM**.*
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6d154cf0-b4b7-4de4-b2e0-9a754b215ad2 Reported by GlobeNewswire 5 hours ago.
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Cuban immigrant set for deportation expected to be released
AURORA, Colo. (AP) — Deportation proceedings have been stopped against a Cuban immigrant who was pardoned by Colorado’s governor after he was mistakenly released early from prison, sent back and then released again. Lawyers expect Rene Lima-Marin to be released from a suburban Denver immigration detention center Monday after the government lost its immigration board […]
Reported by Seattle Times 2 hours ago.
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Cuban immigrant set for deportation released in Colorado
AURORA, Colo. (AP) — A Cuban immigrant who was pardoned by Colorado's governor after he was ordered released from prison only to be arrested by immigration authorities is free again.A smiling Rene Lima-Marin walked out of an immigration...
Reported by New Zealand Herald 1 hour ago.
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INDUS Holding AG: Again a good year for INDUS
DGAP-News: INDUS Holding AG / Key word(s): Final Results
27.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
--------------------
*Again a good year for INDUS *
*- *Sales revenues climb to EUR 1.64 billion
- Organic revenue growth of over 10%
- Successful start to 2018
Bergisch Gladbach, 27 March 2018 - INDUS looks back on another good fiscal year. 2017 was the fifth consecutive year which saw the Group increase both sales revenues and earnings. Sales revenues climbed 13.6% to EUR 1.64 billion (previous year: EUR 1.44 billion), of which 10.5% was organic growth. EBIT rose by 5.5% to EUR 152.9 million (previous year: EUR 144.9 million). The Group had planned revenues of EUR 1.5 billion and EBIT of between EUR 145 million and EUR 150 million. The EBIT margin stood at 9.3%. Adjusted for the effects of initial consolidation, the operating result amounted to EUR 163.7 million, while the adjusted EBIT margin reached 10.0%. An even better result for 2017 was prevented only by two major repositionings in the Automotive Technology and Metals Technology segments as well as by much higher exchange losses than in the previous year.
Earnings before taxes (EBT) increased to EUR 129.2 million (previous year: EUR 123.4 million). Earnings after taxes rose to EUR 83.1 million (previous year: EUR 80.4 million). Earnings per share stood at EUR 3.37 (previous year: EUR 3.27). The Management Board and the Supervisory Board will propose a dividend increase by EUR 0.15 to EUR 1.50 to the Annual Shareholders' Meeting on 24 May 2018.
*Strong growth in the segments*
The INDUS Group currently comprises 45 companies which operate in five segments. The highly profitable Construction/Infrastructure and Engineering segments made higher-than-expected contributions to revenue and earnings growth and exceeded the target ranges. The Medical Engineering/Life Science segment continues to operate at a high level. Revenues in the Automotive Technology and Metals Technology segments came in according to plan, while earnings were below the projected target ranges due to the pressure on margins in the automotive industry and the two repositionings. Once these repositionings are essentially completed, INDUS expects earnings in both segments to improve.
*Two complementary acquisitions in the new year*
In 2017, the INDUS Group was able to strengthen its first tier as planned by acquiring M+P INTERNATIONAL, Hanover, and PEISELER, Remscheid, which operate in the automation, measurement and control technology sector, which INDUS has identified as a segment of the future. The new year saw two new acquisitions being added to the portfolio; INDUS subsidiary AURORA acquired electronics specialist EE ELECTRONIC EQUIPMENT at the beginning of the year, while OFA Bamberg, an INDUS portfolio company, took over the activities of a southern German trading firm for medical aids (annual revenues of approx. EUR 4 million) with effect from 1 April 2018.
With regard to its future growth, INDUS sees opportunities primarily in such industries of the future as infrastructure/logistic technology, energy and environmental engineering, medical engineering and life science as well as construction and security technology. Jürgen Abromeit: "We pursue a strict policy of not paying excessive prices. We talk to entrepreneurs who are primarily interested in taking their companies forward. The INDUS Group offers the ideal environment for this."
*High stability thanks to good net assets and financial position *
Total assets of the INDUS Group amounted to EUR 1.65 billion as of the reporting date, up 8.6% on the previous year. Net debt rose to EUR 398.9 million (previous year: EUR 376.6 million). Equity increased by 4.5% to EUR 673.8 million (previous year: EUR 644.6 million). As planned, the equity ratio amounted to a comfortable 40.8% (previous year: 42.4%). Net-debt-to-EBITDA remained unchanged from the previous year at 1.9 years. Gearing (net-debt-to-equity) stood at 59%. (previous year: 58%).
Cash flow from operating activities climbed to EUR 124.0 million in 2017 (previous year: EUR 114.5 million). Cash and cash equivalents stood at an impressive EUR 135.9 million (previous year: EUR 127.2 million). At EUR 111.4 million, capital expenditure was up by 7.2% on the previous year. The INDUS Group spent EUR 32.4 million on company acquisitions. An amount of EUR 71.3 million was invested in property, plant and equipment, while EUR 7.7 million was spent on intangible assets. In addition to the EUR 50 million earmarked for acquisitions, INDUS plans to invest about EUR 88 million in 2018. Besides international expansion activities, the portfolio companies will focus on efficiency-enhancing projects.
*New records targeted for 2018 *
The good economic environment offers the INDUS portfolio companies the opportunity to further expand their market positions through innovation and technological strength. While INDUS Chairman of the Board Jürgen Abromeit is therefore optimistic about the Group's growth prospects, he also sees political risks. "Protectionism, sabre-rattling and populist governments lead to insecurity and instability. This also influences the general economic climate."
INDUS will continue its successful Compass 2020 strategy in the coming years. "Our development bank scheme creates the ideal basis for innovation from within our companies. And our portfolio companies are taking advantage of these good times to implement an efficiency programme that will make the individual entities fit for the future."
Following a very good start to the year, INDUS projects consolidated sales revenues of between EUR 1.65 billion and EUR 1.70 billion. Earnings before interest and taxes (EBIT) are expected to come in at between EUR 154 million and EUR 160 million. These target figures do not include the planned new acquisitions at the first and second tier.
Click here to download the full Annual Report of INDUS Holding AG.Contact:
Nina Wolf & Julia Pschribülla
Corporate Communications & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-66
E-mail presse@indus.de
E-mail investor.relations@indus.de
www.indus.de
--------------------
27.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------
Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service Reported by EQS Group 17 hours ago.
27.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
--------------------
*Again a good year for INDUS *
*- *Sales revenues climb to EUR 1.64 billion
- Organic revenue growth of over 10%
- Successful start to 2018
Bergisch Gladbach, 27 March 2018 - INDUS looks back on another good fiscal year. 2017 was the fifth consecutive year which saw the Group increase both sales revenues and earnings. Sales revenues climbed 13.6% to EUR 1.64 billion (previous year: EUR 1.44 billion), of which 10.5% was organic growth. EBIT rose by 5.5% to EUR 152.9 million (previous year: EUR 144.9 million). The Group had planned revenues of EUR 1.5 billion and EBIT of between EUR 145 million and EUR 150 million. The EBIT margin stood at 9.3%. Adjusted for the effects of initial consolidation, the operating result amounted to EUR 163.7 million, while the adjusted EBIT margin reached 10.0%. An even better result for 2017 was prevented only by two major repositionings in the Automotive Technology and Metals Technology segments as well as by much higher exchange losses than in the previous year.
Earnings before taxes (EBT) increased to EUR 129.2 million (previous year: EUR 123.4 million). Earnings after taxes rose to EUR 83.1 million (previous year: EUR 80.4 million). Earnings per share stood at EUR 3.37 (previous year: EUR 3.27). The Management Board and the Supervisory Board will propose a dividend increase by EUR 0.15 to EUR 1.50 to the Annual Shareholders' Meeting on 24 May 2018.
*Strong growth in the segments*
The INDUS Group currently comprises 45 companies which operate in five segments. The highly profitable Construction/Infrastructure and Engineering segments made higher-than-expected contributions to revenue and earnings growth and exceeded the target ranges. The Medical Engineering/Life Science segment continues to operate at a high level. Revenues in the Automotive Technology and Metals Technology segments came in according to plan, while earnings were below the projected target ranges due to the pressure on margins in the automotive industry and the two repositionings. Once these repositionings are essentially completed, INDUS expects earnings in both segments to improve.
*Two complementary acquisitions in the new year*
In 2017, the INDUS Group was able to strengthen its first tier as planned by acquiring M+P INTERNATIONAL, Hanover, and PEISELER, Remscheid, which operate in the automation, measurement and control technology sector, which INDUS has identified as a segment of the future. The new year saw two new acquisitions being added to the portfolio; INDUS subsidiary AURORA acquired electronics specialist EE ELECTRONIC EQUIPMENT at the beginning of the year, while OFA Bamberg, an INDUS portfolio company, took over the activities of a southern German trading firm for medical aids (annual revenues of approx. EUR 4 million) with effect from 1 April 2018.
With regard to its future growth, INDUS sees opportunities primarily in such industries of the future as infrastructure/logistic technology, energy and environmental engineering, medical engineering and life science as well as construction and security technology. Jürgen Abromeit: "We pursue a strict policy of not paying excessive prices. We talk to entrepreneurs who are primarily interested in taking their companies forward. The INDUS Group offers the ideal environment for this."
*High stability thanks to good net assets and financial position *
Total assets of the INDUS Group amounted to EUR 1.65 billion as of the reporting date, up 8.6% on the previous year. Net debt rose to EUR 398.9 million (previous year: EUR 376.6 million). Equity increased by 4.5% to EUR 673.8 million (previous year: EUR 644.6 million). As planned, the equity ratio amounted to a comfortable 40.8% (previous year: 42.4%). Net-debt-to-EBITDA remained unchanged from the previous year at 1.9 years. Gearing (net-debt-to-equity) stood at 59%. (previous year: 58%).
Cash flow from operating activities climbed to EUR 124.0 million in 2017 (previous year: EUR 114.5 million). Cash and cash equivalents stood at an impressive EUR 135.9 million (previous year: EUR 127.2 million). At EUR 111.4 million, capital expenditure was up by 7.2% on the previous year. The INDUS Group spent EUR 32.4 million on company acquisitions. An amount of EUR 71.3 million was invested in property, plant and equipment, while EUR 7.7 million was spent on intangible assets. In addition to the EUR 50 million earmarked for acquisitions, INDUS plans to invest about EUR 88 million in 2018. Besides international expansion activities, the portfolio companies will focus on efficiency-enhancing projects.
*New records targeted for 2018 *
The good economic environment offers the INDUS portfolio companies the opportunity to further expand their market positions through innovation and technological strength. While INDUS Chairman of the Board Jürgen Abromeit is therefore optimistic about the Group's growth prospects, he also sees political risks. "Protectionism, sabre-rattling and populist governments lead to insecurity and instability. This also influences the general economic climate."
INDUS will continue its successful Compass 2020 strategy in the coming years. "Our development bank scheme creates the ideal basis for innovation from within our companies. And our portfolio companies are taking advantage of these good times to implement an efficiency programme that will make the individual entities fit for the future."
Following a very good start to the year, INDUS projects consolidated sales revenues of between EUR 1.65 billion and EUR 1.70 billion. Earnings before interest and taxes (EBIT) are expected to come in at between EUR 154 million and EUR 160 million. These target figures do not include the planned new acquisitions at the first and second tier.
Click here to download the full Annual Report of INDUS Holding AG.Contact:
Nina Wolf & Julia Pschribülla
Corporate Communications & Investor Relations
INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Tel +49 (0) 022 04 / 40 00-73
Tel +49 (0) 022 04 / 40 00-66
E-mail presse@indus.de
E-mail investor.relations@indus.de
www.indus.de
--------------------
27.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de --------------------
Language: English
Company: INDUS Holding AG
Kölner Straße 32
51429 Bergisch Gladbach
Germany
Phone: +49 (0)2204 40 00-0
Fax: +49 (0)2204 40 00-20
E-mail: indus@indus.de
Internet: www.indus.de
ISIN: DE0006200108
WKN: 620010
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service Reported by EQS Group 17 hours ago.
↧
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Business Destinations explores Iceland’s stunning hotels and how they help maintain the country’s tourism boom
LONDON, March 27, 2018 (GLOBE NEWSWIRE) -- Iceland may not be a particularly large country but it certainly punches above its weight in terms of tourism. Despite boasting a population of just over 300,000, it welcomed more than 2 million foreign visitors last year, which represents a fourfold increase since 2010. And as the tourism industry has flourished, the hospitality sector has followed close behind.Those travelling to Iceland to catch a glimpse of towering volcanoes, deep geothermal pools or the Aurora Borealis will find that the country has a host of luxurious hotels vying for their attention too. The Grand Hotel Reykjavík, part of the Íslandshótel group, offers 311 rooms, 11 meeting and conference halls and a location that is difficult to beat. Just a few minutes' walk from the oceanfront and yet easily accessible from Reykjavík’s financial quarter, it’s a hotel that is both peaceful and practical for business travellers.
The hotel’s conference rooms are named after places that appear in Norse mythology and the references to Icelandic culture continue in the Grand Restaurant, where ingredients such as arctic char and fillet of foal show off the best of Nordic cuisine. The Reykjavík Spa, located on the ground floor, includes a sauna, hot tubs and a comprehensive range of treatments to melt away any work-related stress.
Húsavík, just a few hours north-east of Iceland’s capital city, sits on the edge of Skjálfandi Bay and is fast gaining recognition as one of the best locations in the world for whale-watching. Whether you intend to see some awe-inspiring marine life, marvel at the nearby Dettifoss waterfall or explore the Ásbyrgi canyon, the Fosshotel Húsavík has everything you’ll need to recharge the batteries after a long day admiring the area’s natural wonders.
*For more about Íslandshótel** and the many fantastic locations it has to offer business travellers staying in Iceland, be sure to read the latest edition of **Business Destinations**, available in print, on tablet and online now: *
*www.businessdestinations.com*
World News Media is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.
**CONTACT INFORMATION**
World News Media
Elizabeth Matsangou
Editorial Department
+44 (0)20 7553 4162
elizabeth.matsangou@wnmedia.com Reported by GlobeNewswire 14 hours ago.
The hotel’s conference rooms are named after places that appear in Norse mythology and the references to Icelandic culture continue in the Grand Restaurant, where ingredients such as arctic char and fillet of foal show off the best of Nordic cuisine. The Reykjavík Spa, located on the ground floor, includes a sauna, hot tubs and a comprehensive range of treatments to melt away any work-related stress.
Húsavík, just a few hours north-east of Iceland’s capital city, sits on the edge of Skjálfandi Bay and is fast gaining recognition as one of the best locations in the world for whale-watching. Whether you intend to see some awe-inspiring marine life, marvel at the nearby Dettifoss waterfall or explore the Ásbyrgi canyon, the Fosshotel Húsavík has everything you’ll need to recharge the batteries after a long day admiring the area’s natural wonders.
*For more about Íslandshótel** and the many fantastic locations it has to offer business travellers staying in Iceland, be sure to read the latest edition of **Business Destinations**, available in print, on tablet and online now: *
*www.businessdestinations.com*
World News Media is a leading publisher of quality financial and business magazines, which enjoys a global distribution network that includes subscriber lists of prominent decision-makers around the world.
**CONTACT INFORMATION**
World News Media
Elizabeth Matsangou
Editorial Department
+44 (0)20 7553 4162
elizabeth.matsangou@wnmedia.com Reported by GlobeNewswire 14 hours ago.
↧
Canada: Securities Regulators Tell Aurora And CanniMed To Play By The (New) M&A Rules - Blake, Cassels & Graydon LLP
The Financial and Consumer Affairs Authority of Saskatchewan and Ontario Securities Commission (together, the Commissions) recently released the highly-anticipated reasons
Reported by Mondaq 13 hours ago.
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North Carolina pilot photographs dazzling Northern Lights while flying over Canada
Stunning footage shows an air force pilot flying through the radiant Northern Lights. Ross Franquemont, 40, was left awestruck when he saw the iconic aurora 70,000 feet above Canada.
Reported by MailOnline 11 hours ago.
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Is Pot Stock Aphria Chronically Undervalued?
Aphria's market cap is less than half that of Canopy Growth and Aurora Cannabis. Here's why that doesn't make much sense.
Reported by Motley Fool 11 hours ago.
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Man killed in Saturday assault in Aurora identified, arrest made in case
Aurora police have arrested a man in connection with a 61-year-old man's beating death.
Reported by Denver Post 6 hours ago.
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Alectra earns industry award for ‘Communications Excellence’
TORONTO, March 27, 2018 (GLOBE NEWSWIRE) -- The Electricity Distributors Association (EDA) has presented Alectra Utilities with its “Communications Excellence Award” for executing a communications strategy that resulted in improved communications and relationships with the company’s six shareholder municipalities.Alectra was given the award at the organization’s Annual Gala Dinner held Monday evening at the Fairmont Royal York Hotel. The award is presented by the EDA each year to an Ontario utility for communications initiatives that successfully inform the public about local projects or initiatives.
Key factors in the Alectra award were a targeted strategy to conduct face-to-face meetings with city councillors and senior city staff – and most importantly the creation of a regular newsletter to municipal officials known as ‘Ally’.
Ally has received positive feedback with municipal councillors and their staff, who often request electronic copies to insert content into their own constituent newsletters. The quarterly publication has also served as a useful touch point between Alectra, city councillors and municipal staff. It has facilitated increased contact between Alectra’s government relations team and municipal stakeholders.
“We are honoured to receive this recognition from the EDA for our efforts in providing proactive communication with our municipal partners,” said Blair Peberdy, Vice President, Government and Corporate Relations at Alectra Inc. “From our first day as Alectra, we set out to serve as an ally to our customers and shareholders alike.”
Learn more about Alectra Utilities' commitment to its communities and shareholders at www.alectrautilities.com.
*About Alectra’s Utilities Corporate *
Alectra Utilities Corporation serves approximately one million customers across a 2,200 square kilometre service territory and 15 communities including Alliston, Aurora, Barrie, Beeton, Brampton, Bradford, Hamilton, Markham, Mississauga, Penetanguishene, Richmond Hill, St. Catharines, Thornton, Tottenham and Vaughan. It is part of the Alectra family of companies, which also includes Alectra Inc. and Alectra Energy Solutions Inc.
*Media Contact:* Rachel Bertone, Media Spokesperson
rachel.bertone@alectrautilities.com | Telephone: 647.339.3826 | 24/7 Media Line: 1.833.MEDIALN
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bcdb693e-dcc7-4284-bd45-28dd8e5866f7 Reported by GlobeNewswire 6 hours ago.
Key factors in the Alectra award were a targeted strategy to conduct face-to-face meetings with city councillors and senior city staff – and most importantly the creation of a regular newsletter to municipal officials known as ‘Ally’.
Ally has received positive feedback with municipal councillors and their staff, who often request electronic copies to insert content into their own constituent newsletters. The quarterly publication has also served as a useful touch point between Alectra, city councillors and municipal staff. It has facilitated increased contact between Alectra’s government relations team and municipal stakeholders.
“We are honoured to receive this recognition from the EDA for our efforts in providing proactive communication with our municipal partners,” said Blair Peberdy, Vice President, Government and Corporate Relations at Alectra Inc. “From our first day as Alectra, we set out to serve as an ally to our customers and shareholders alike.”
Learn more about Alectra Utilities' commitment to its communities and shareholders at www.alectrautilities.com.
*About Alectra’s Utilities Corporate *
Alectra Utilities Corporation serves approximately one million customers across a 2,200 square kilometre service territory and 15 communities including Alliston, Aurora, Barrie, Beeton, Brampton, Bradford, Hamilton, Markham, Mississauga, Penetanguishene, Richmond Hill, St. Catharines, Thornton, Tottenham and Vaughan. It is part of the Alectra family of companies, which also includes Alectra Inc. and Alectra Energy Solutions Inc.
*Media Contact:* Rachel Bertone, Media Spokesperson
rachel.bertone@alectrautilities.com | Telephone: 647.339.3826 | 24/7 Media Line: 1.833.MEDIALN
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/bcdb693e-dcc7-4284-bd45-28dd8e5866f7 Reported by GlobeNewswire 6 hours ago.
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North Carolina pilot photographs Northern Lights above Canada
Stunning footage shows an air force pilot flying through the dazzling Northern Lights. Ross Franquemont, 40, was left awestruck when he saw the iconic aurora 70,000 feet above Canada.
Reported by MailOnline 20 hours ago.
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