Le Lézard
Classified in: Business, Covid-19 virus
Subjects: EARNINGS, Conference Call, Webcast

Ermenegildo Zegna Group Reports Strong Revenue Growth in Third Quarter of 2022


Ermenegildo Zegna N.V. (NYSE:ZGN) ("Zegna Group," "the Group," or "the Company"), owner of the Zegna and Thom Browne brands, today announced unaudited revenues of ?357 million for the Third Quarter of 2022, an increase of 27.5% year-over-year. The Group's revenues reached ?1.09 billion for the first nine months of the year, up 22.9% from the first nine months of 2021.

Ermenegildo "Gildo" Zegna, Chairman and CEO of the Zegna Group, said: "This quarter was one of our strongest yet thanks to exceptional performance by both Zegna and Thom Browne in Europe, the Middle East, and the U.S., as well as a rebound in the Greater China Region. We achieved a number of milestones this quarter as we continue to execute on our strategy and commitments while remaining true to the values that have guided us for 112 years."

He added: "As always, caring for the natural world around us continues to be a bedrock of everything we do. Last month, we launched Oasi Cashmere, a significant step on our road to traceability. I am also very proud that Oasi Zegna, which is promoted by Zegna Group, received this year's Biodiversity Conservation Award at the CNMI (Camera Nazionale della Moda Italiana) Sustainable Fashion Awards.

Finally, I would like to congratulate Thom Browne on his appointment as the next Chairman of the Council of Fashion Designers of America, a testament to his creativity, his incredible success, and his leadership in the fashion industry in the U.S. and around the world."

Select Highlights

Review of Third Quarter 2022 Revenues

For the third quarter of 2022, Zegna Group posted revenues of ?357 million, up 27.5% year-over-year, and bringing revenues for the first nine months of the year to ?1.09 billion, up 22.9% year-over-year.

Revenues by Segment

Zegna: The Zegna segment, which includes Zegna branded products as well as the Textile and Third-Party Brands product lines, continues to show robust growth, with revenues for the quarter of ?289 million, up 27.2% year-over-year, showing an acceleration in 3Q thanks to the strength of all product lines.

Thom Browne: The Thom Browne segment continues to be a significant growth driver for the Group, with revenues for the quarter of ?69 million, up 29.5% year-over-year.

Revenues by Product Line

Zegna Branded Products: Zegna branded products revenues grew 18.6% year-over-year, reaching ?224 million for the quarter. This is a result of the continued success of the Zegna One Brand strategy that was fully launched in our stores at the beginning of July. Our focus on luxury leisurewear continues to prove successful, with steady growth in that line, particularly in knitwear, while the growth in shoes remains robust. Our Tailoring and Made-to-Measure lines have also seen a strong rebound this quarter, particularly in the U.S.

Thom Browne: Thom Browne revenues grew 29.8% year-over-year, reaching ?69 million. Womenswear continues to grow faster than menswear, now accounting for almost 30% of the brand's revenues. Growth across the brand is supported by strong wholesale demand, e-commerce growth through T-Mall in the Greater China Region, and four new store openings during the quarter, bringing the total of directly operated stores to 57 as of September 30, 2022 - up from 53 as of June 30, 2022. The recent appointment of founder Thom Browne as the next Chairman of the Council of Fashion Designers of America is yet another sign of the brand's growing success and momentum.

Textile: Textile revenues for the quarter reached ?30 million, up 33.3% year-over-year, with growth across Lanificio Ermenegildo Zegna, Bonotto, and Dondi. Tessitura Ubertino was consolidated as part of the Group as of June 2021. In the first nine months of 2022, Tessitura Ubertino contributed an additional ?3.9 million in revenues compared with the first nine months of 2021.

Third-Party Brands: Third-Party Brands revenues grew 64.2% year-over-year, reaching ?32 million for the quarter thanks to strong contributions from Tom Ford and Gucci, the latter having more than doubled in comparison to the third quarter of 2021.

Revenues by Geography

The Group continues to see significant growth across all geographies. The Greater China Region has returned to growth for the quarter, enjoying a solid rebound in July and August before new lockdowns started having a negative impact in September. We continue to see dynamic growth in the Middle East and ongoing strength in the U.S. and Europe.

Revenues in the Greater China Region amounted to ?116 million for the quarter, up 3.0% year-over-year. This follows the rebound we saw at the end of the second quarter due to the relaxing of COVID-19-related restrictions across several cities in China. Growth for all of APAC was at 13.7% for the quarter, with revenues reaching ?153 million. Growth for the quarter was due to the positive DTC performance for both the Zegna and Thom Browne segments before the renewed lockdowns in September that occurred in major Chinese cities, including Chengdu, Shenzhen, and Tianjin.

The EMEA region exhibited the strongest growth for the quarter, at 42.8% year-over-year to reach ?119 million in revenues. Of that, ?16 million came from the Middle East and Africa (MEA2) region, an 86.4% growth year-over-year for the quarter. The UK also continued to grow, with revenues for the quarter growing 61.6% year-over-year to ?15 million.

Revenues for the Americas grew at 38.6% for North America and 33.2% for Latin America, with revenues for the quarter of ?77 million and ?7 million, respectively. The U.S., an area of focus and strategic growth for the Group, saw revenues increase 38.3% year-over-year to ?69 million for the quarter.

Revenues by Channel

Revenues from the Group's directly operated store network, including e-commerce, were ?217 million for the quarter, a 20.7% increase year-over-year. Of that, ?180 million was from Zegna branded products and ?37 million from Thom Browne - a growth of about 21% for both segments over last year.

Growth in Zegna DTC revenues was driven by strong performance in EMEA, particularly in the Middle East, as well as in the Americas. The September decline in the Greater China Region due to renewed lockdowns was offset by a strong July and August, leading to an overall flat DTC performance for Zegna-branded products in the quarter.

Thom Browne DTC revenues grew 21.6% year-over-year for the quarter, thanks to positive performance across all geographies, including the Greater China Region, which benefited from the additional contribution from e-commerce through T-Mall and new store openings.

Wholesale revenues grew 32.2% year-over-year for the quarter to reach ?139 million, with Thom Browne showing particularly robust growth of 41% year-over-year for the quarter to reach ?33 million. Third-Party Brands and Textile also grew at nearly 50% year-over-year to reach ?63 million.

Fiscal Year 2022 Outlook

In light of the Group's robust performance during the first nine months of 2022, and despite the continued volatility in the Greater China Region, the Group is confirming its full-year revenue guidance of mid-teens growth. We continue to anticipate solid improvement in our Adjusted EBIT3 despite the step-up in marketing and central costs, and the unfavorable country mix that may affect our margin. We also continue to expect a Cash Surplus3 increase in the second half of the year. This outlook assumes no further escalation or geographic extension of the war in Ukraine, no further significant macroeconomic deterioration, and a continuing uncertainty linked to the COVID-19 pandemic in the Greater China Region, and no other unforeseen events.

Medium-term Outlook: Our Path of Responsible Growth

On May 17, 2022, at its first Capital Markets Day, the Group announced its medium-term financial goals, aiming for revenues to exceed ?2 billion and for Adjusted EBIT to reach at least 15% of revenues.

To drive revenue growth, the Group will focus on an increase in store productivity and continuing positive developments related to price and product mix. These actions, together with favorable operational leverage, should reflect positively on profitability. These improvements should more than offset the planned increase in marketing costs, which, together with capital expenditures (expected at 5% of full-year 2022 revenues), will further support our growth.

The Group will continue to pursue its strategy with confidence and determination while monitoring the significant uncertainties, including global health developments, consumer spending in the Greater China Region, and global geopolitical and macroeconomic risks.

The ESG targets announced at the Capital Markets Day in May also reaffirm the Group's commitment to a path of responsible growth, with financial goals rooted in the Group's values.

____________________________________
1 All growth rates referenced in this release are year-over-year measurements unless specified otherwise and are expressed at actual foreign exchange rates.
2 MEA includes Middle East and African countries, as well as Turkey.
3 Adjusted EBIT, Adjusted EBIT Margin and Net Financial Indebtedness / Cash Surplus are non-IFRS financial measure. See the Non-IFRS Financial Measures section starting on page 4 of this communication for the definition of such non-IFRS measures.

***

Conference Call

As previously announced, today at 8:00 a.m. ET (2:00 p.m. CET), the Company will host a webcast and conference call to discuss these earnings. A live webcast of the conference call will also be available on the Company's website at ir.zegnagroup.com. To participate in the call, please dial:

Italy (Local): 06 9450 1060
United Kingdom (Local): 020 3936 2999
United States (Local): 1 646 664 1960
All other locations: +44 20 3936 2999

Participant Access code: 820223

An online archive of the broadcast will be available on the website shortly after the live call and will be available for twelve months. An online archive of the broadcast will be available on the website shortly after the live call and will be available for twelve months.

***

Next Scheduled Announcement

The next scheduled announcement will be the full year 2022 revenues on January 25, 2023. To receive email alerts of the timing of future financial news releases, as well as future announcements, please register at https://ir.zegnagroup.com.

***

Non-IFRS Financial Measures

Zegna's management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: adjusted earnings before interest and taxes ("Adjusted EBIT"), Adjusted EBIT Margin, and Net Financial Indebtedness/(Cash Surplus). Zegna's management believes that these non-IFRS financial measures provide useful and relevant information regarding Zegna's financial performance and financial condition, and improve the ability of management and investors to assess and compare the financial performance and financial position of Zegna with those of other companies. They also provide comparable measures that facilitate management's ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other strategic and operational decisions. While similar measures are widely used in the industry in which Zegna operates, the financial measures that Zegna uses may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.

Adjusted EBIT and Adjusted EBIT Margin

Adjusted EBIT is defined as profit or loss before income taxes plus financial income, financial expenses, exchange losses and the result from investments accounted for using the equity method, adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operating activities, including, for one or all of the periods, impairment of leased and owned stores, costs related to the Business Combination, a special donation to the UNHCR, severance indemnities and provision for severance expenses, proceeds to exit an existing lease agreement (key money) and certain costs related to the Agnona disposal. Adjusted EBIT Margin is defined as Adjusted EBIT divided by revenues of the applicable period.

Zegna's management uses Adjusted EBIT and Adjusted EBIT Margin for internal reporting to assess performance and as part of the forecasting, budgeting and decision-making processes as they provide additional transparency regarding Zegna's underlying operating performance. Zegna's management believes these non-IFRS measures are useful because they exclude items that management believes are not indicative of Zegna's underlying operating performance and allow management to view operating trends, perform analytical comparisons and benchmark performance between periods and among segments. Zegna's management also believes that Adjusted EBIT and Adjusted EBIT Margin are useful for investors and analysts to better understand how management assesses Zegna's underlying operating performance on a consistent basis and to compare Zegna's performance with that of other companies. Accordingly, management believes that Adjusted EBIT and Adjusted EBIT Margin provide useful information to third party stakeholders in understanding and evaluating Zegna's operating results.

Net Financial Indebtedness/(Cash Surplus)

Net Financial Indebtedness/(Cash Surplus) is defined as the sum of financial borrowings (current and non-current), derivative financial instruments, loans and certain other financial liabilities (recorded within other non-current financial liabilities in the consolidated statement of financial position), net of cash and cash equivalents, derivative financial instruments and certain other current financial assets.

Zegna's management believes that Net Financial Indebtedness/(Cash Surplus) is useful to monitor the level of net liquidity and financial resources available to Zegna. Zegna's management believes this non-IFRS measure aids management, investors and analysts to analyze Zegna's financial position and financial resources available, and to compare Zegna's financial position and financial resources available with that of other companies.

***

Capital Expenditure

Capital expenditure is defined as the sum of cash outflows that result in additions to property, plant and equipment and intangible assets.

***

About Ermenegildo Zegna Group

Founded in 1910 in Trivero, Italy by Ermenegildo Zegna, the Zegna Group designs, creates and distributes luxury menswear and accessories under the Zegna brand, as well as womenswear, menswear and accessories under the Thom Browne brand. Through its Luxury Textile Laboratory Platform ? which works to preserve artisanal mills producing the finest Italian fabrics ? the Zegna Group manufactures and distributes the highest quality fabrics and textiles. Group products are sold through over 500 stores in 80 countries around the world, of which 295 are directly operated by the Group as of September 30, 2022 (242 Zegna stores and 57 Thom Browne stores). Over the decades, Zegna Group has charted Our Road: a unique path that winds itself through era-defining milestones that have seen the Group grow from a producer of superior wool fabric to a global luxury group. Our Road has led us to New York, where the Group has been listed on the New York Stock Exchange since December 20, 2021. And while we continue to progress on Our Road to tomorrow, we remain committed to upholding our founder's legacy ? one that is based upon the principle that a business's activities should help the environment. Today, the Zegna Group is creating a lifestyle that marches to the rhythm of modern times while continuing to nurture bonds with the natural world and with our communities that create a better present and future.

***

Forward Looking Statements

This communication, including the sections "Fiscal Year 2022 Outlook", and "Medium-term Outlook: Our Path of Responsible Growth", contains forward-looking statements that are based on beliefs and assumptions and on information currently available to the Company. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including strategies or plans, are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this communication, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, risks and uncertainties are described in the Company's filings with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Most of these factors are outside the Company's control and are difficult to predict. In light of the significant uncertainties in these forward-looking statements, you should not regard these statements as a representation or warranty by the Company and its directors, officers or employees or any other person that the Company will achieve its objectives and plans in any specified time frame, or at all. The forward-looking statements in this communication represent the views of Zegna as of the date of this communication. Subsequent events and developments may cause that view to change. However, while Zegna may elect to update these forward-looking statements at some point in the future, the Company disclaims any obligation to update or revise publicly forward-looking statements. You should, therefore, not rely on these forward-looking statements as representing the views of the Company as of any date subsequent to the date of this communication.

***

Third Quarter 2022 and First Nine Months to September 30, 2022 - Group Unaudited Revenues

Group Revenues by Segment (Unaudited)

(? thousands, except percentages)

9M 2022

 

9M 2021

 

?% vs 9M 2021

 

1H 2022

 

1H 2021

 

?% vs 1H 2021

 

3Q 2022

 

3Q 2021

 

?% vs 3Q 2021

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

1,085,867

 

883,328

 

22.9%

 

728,993

 

603,340

 

20.8%

 

356,874

 

279,988

 

27.5%

Zegna segment

842,229

 

693,235

 

21.5%

 

552,966

 

465,899

 

18.7%

 

289,263

 

227,336

 

27.2%

Thom Browne segment

255,073

 

196,069

 

30.1%

 

185,769

 

142,553

 

30.3%

 

69,304

 

53,516

 

29.5%

Eliminations

(11,435)

 

(5,976)

 

n.m.

 

(9,742)

 

(5,112)

 

n.m.

 

(1,693)

 

(864)

 

n.m.

________________________________________

Note: throughout this section "n.m." means not meaningful

 

Group Revenues by Product Line (Unaudited)

(? thousands, except percentages)

9M 2022

 

9M 2021

 

?% vs 9M 2021

 

1H 2022

 

1H 2021

 

?% vs 1H 2021

 

3Q 2022

 

3Q 2021

 

?% vs 3Q 2021

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

1,085,867

 

883,328

 

22.9%

 

728,993

 

603,340

 

20.8%

 

356,874

 

279,988

 

27.5%

Zegna branded products

649,568

 

565,359

 

14.9%

 

425,252

 

376,182

 

13.0%

 

224,316

 

189,177

 

18.6%

Thom Browne

254,346

 

195,496

 

30.1%

 

185,166

 

142,219

 

30.2%

 

69,180

 

53,277

 

29.8%

Textile

99,256

 

67,202

 

47.7%

 

68,968

 

44,478

 

55.1%

 

30,288

 

22,724

 

33.3%

Third Party Brands

79,604

 

52,554

 

51.5%

 

47,341

 

32,901

 

43.9%

 

32,263

 

19,653

 

64.2%

Agnona

45

 

434

 

(89.6%)

 

35

 

323

 

(89.2%)

 

10

 

111

 

(91.0%)

Other

3,048

 

2,283

 

33.5%

 

2,231

 

7,237

 

(69.2%)

 

817

 

(4,954)

 

n.m.

________________________________________

Zegna branded products include apparel, bags, shoes and small and large leather goods, as well as licensed goods and royalties.

 

Group Revenues by Geographical Area (Unaudited)

(? thousands, except percentages)

9M 2022

 

9M 2021

 

?% vs 9M 2021

 

1H 2022

 

1H 2021

 

?% vs 1H 2021

 

3Q 2022

 

3Q 2021

 

?% vs 3Q 2021

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

1,085,867

 

883,328

 

22.9%

 

728,993

 

603,340

 

20.8%

 

356,874

 

279,988

 

27.5%

EMEA (1)

379,826

 

265,988

 

42.8%

 

260,627

 

182,531

 

42.8%

 

119,199

 

83,457

 

42.8%

of which Italy

171,108

 

118,846

 

44.0%

 

125,996

 

84,682

 

48.8%

 

45,112

 

34,164

 

32.0%

of which UK

38,608

 

23,618

 

63.5%

 

23,544

 

14,295

 

64.7%

 

15,064

 

9,323

 

61.6%

of which MEA (2)

44,999

 

26,404

 

70.4%

 

28,948

 

17,791

 

62.7%

 

16,051

 

8,613

 

86.4%

North America (3)

212,280

 

126,265

 

68.1%

 

135,275

 

70,701

 

91.3%

 

77,005

 

55,564

 

38.6%

of which United States

193,594

 

115,201

 

68.0%

 

124,291

 

65,074

 

91.0%

 

69,303

 

50,127

 

38.3%

Latin America (4)

19,558

 

12,398

 

57.8%

 

12,525

 

7,118

 

76.0%

 

7,033

 

5,280

 

33.2%

APAC (5)

471,744

 

475,410

 

(0.8%)

 

318,825

 

340,875

 

(6.5%)

 

152,919

 

134,535

 

13.7%

of which Greater China Region

363,453

 

401,417

 

(9.5%)

 

247,193

 

288,571

 

(14.3%)

 

116,260

 

112,846

 

3.0%

of which Japan

44,718

 

36,842

 

21.4%

 

30,240

 

24,501

 

23.4%

 

14,478

 

12,341

 

17.3%

Other (6)

2,459

 

3,267

 

(24.7%)

 

1,741

 

2,115

 

(17.7%)

 

718

 

1,152

 

(37.7%)

________________________________________

(1)

EMEA includes Europe, the Middle East and Africa.

(2)

MEA includes Middle East countries, African countries and Turkey

(3)

North America includes the United States of America and Canada.

(4)

Latin America includes Mexico, Brazil and other Central and South American countries.

(5)

APAC includes the Greater China Region, Japan, South Korea, Thailand, Malaysia, Vietnam, Indonesia, Philippines, Australia, New Zealand, India and other Southeast Asian countries. Greater China Region includes the Chinese mainland, Hong Kong S.A.R., Macau S.A.R. and Taiwan.

(6)

Other revenues mainly include royalties and certain sales of old season products.
 

Group Revenues by Channel (Unaudited)

(? thousands, except percentages)

9M 2022

 

% on Revenues

 

9M 2021

 

% on Revenues

 

?% vs 9M 2021

 

1H 2022

 

1H 2021

 

?% vs 1H 2021

 

3Q 2022

 

3Q 2021

 

?% vs 3Q 2021

 

UNAUDITED

 

 

 

UNAUDITED

 

 

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

UNAUDITED

 

UNAUDITED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

1,085,867

 

100.0 %

 

883,328

 

100.0%

 

22.9%

 

728,993

 

603,340

 

20.8%

 

356,874

 

279,988

 

27.5%

Direct to Consumer (DTC) - Zegna branded products

542,228

 

 

 

467,446

 

 

 

16.0%

 

361,850

 

317,814

 

13.9%

 

180,378

 

149,632

 

20.5%

Direct to Consumer (DTC) - Thom Browne branded products

102,719

 

 

 

90,789

 

 

 

13.1%

 

66,174

 

60,734

 

9.0%

 

36,545

 

30,055

 

21.6%

Total Direct to Consumer (DTC)

644,947

 

59.4 %

 

558,235

 

63.2%

 

15.5%

 

428,024

 

378,548

 

13.1%

 

216,923

 

179,687

 

20.7%

Wholesale Zegna branded products

107,340

 

 

 

97,913

 

 

 

9.6%

 

63,402

 

58,368

 

8.6%

 

43,938

 

39,545

 

11.1%

Wholesale Thom Browne branded products

151,627

 

 

 

104,707

 

 

 

44.8%

 

118,992

 

81,485

 

46.0%

 

32,635

 

23,222

 

40.5%

Wholesale Third Party Brands and Textile

178,860

 

 

 

119,756

 

 

 

49.4%

 

116,309

 

77,379

 

50.3%

 

62,551

 

42,377

 

47.6%

Wholesale Agnona

45

 

 

 

434

 

 

 

(89.6%)

 

35

 

323

 

(89.2%)

 

10

 

111

 

(91.0%)

Total Wholesale

437,872

 

40.3 %

 

322,810

 

36.5%

 

35.6%

 

298,738

 

217,555

 

37.3%

 

139,134

 

105,255

 

32.2%

Other

3,048

 

0.3 %

 

2,283

 

0.3%

 

33.5%

 

2,231

 

7,237

 

(69.2%)

 

817

 

(4,954)

 

n.m.

***

Group Monobrand(1) Store Network as of September 30, 2022

 

As of September 30, 2022

 

As of December 31, 2021

# Stores

ZEGNA

 

THOM BROWNE

 

GROUP

 

ZEGNA

 

THOM BROWNE

 

GROUP

EMEA

66

 

10

 

76

 

69

 

9

 

78

Americas (2)

52

 

6

 

58

 

50

 

5

 

55

APAC

124

 

41

 

165

 

126

 

38

 

164

Total Direct to Customer (DTC)

242

 

57

 

299

 

245

 

52

 

297

EMEA

66

 

5

 

71

 

89

 

5

 

94

Americas (2)

68

 

3

 

71

 

74

 

3

 

77

APAC

32

 

30

 

62

 

32

 

30

 

62

Total Wholesale

166

 

38

 

204

 

195

 

38

 

233

Total

408

 

95

 

503

 

440

 

90

 

530

________________________________________

(1

)

Monobrand store count includes our DOSs (which are divided into boutiques and outlets) and our Wholesale monobrand stores (including also monobrand franchisees).

(2

)

Americas include North America and Latin America.

***


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at 09:44
InvestorsObserver issues critical PriceWatch Alerts for AXP, TSLA, TTWO, DFS, and AAPL. Click a link below then choose between...

at 09:35
LTC Properties, Inc. will release fourth quarter earnings on Thursday, February 16, 2023 after market close. LTC will conduct a conference call on Friday, February 17, 2023 at 8:00 a.m. Pacific / 11:00 a.m. Eastern, to provide commentary on the...

at 09:30
GoodFirms, a globally renowned research, ratings, and reviews platform, recently released its new research report-"The Global Shipping Industry - Demands, Challenges, and the Future Outlook." This survey from GoodFirms attempts to gauge the current...

at 09:25
Crockett Cogeneration, a California Limited Partnership ("Crockett" or the "Company") today announced amendments to its previously announced tender offer (as amended hereby, the "Tender Offer") to purchase for cash any and all of its outstanding...

at 09:20
ECP, a leading energy transition-focused investor with a nearly two-decades-long track record of investments in the electricity, clean energy, renewable and sustainable solutions sectors, today announced it has completed the acquisition of Biffa plc...



News published on 27 october 2022 at 06:05 and distributed by: