First Quarter 2021: Revenue and Profit Still Severely Impacted by Covid-19 Pandemic

In the first three months of 2021, the financial performance of the Fraport Group continued to be severely impacted by the Covid-19 pandemic. With passenger traffic still down at Frankfurt Airport and across the Group’s airports worldwide, Group revenue declined by more than 40 percent year-on-year in the January-to-March reporting period. Fraport posted a negative Group Read more about First Quarter 2021: Revenue and Profit Still Severely Impacted by Covid-19 Pandemic[…]

Commerzbank and employee representatives agree on headcount reduction

. • Framework arrangements concluded for announced headcount reduction by end of 2024 • Remaining provisions for the headcount reduction to be booked in Q2 2021 • Manfred Knof: “We engaged in some very intensive negotiations and have achieved a result that will enable the fast implementation of the transformation. I would like to express Read more about Commerzbank and employee representatives agree on headcount reduction[…]

Lufthansa Group reduces operating loss compared to prior year through significant cost savings

Adjusted EBIT in the first quarter (Q1) is minus EUR 1.1 billion, monthly operating cash drain is limited to EUR 235 million Operating expenses reduced by 51 percent Cargo business with a record profit in Q1 continues on track for success Rising demand expected in the second half of the year: largest selection of tourist Read more about Lufthansa Group reduces operating loss compared to prior year through significant cost savings[…]

Trading Update: RoodMicrotec announces total income for the first quarter of 2021

• Total income for the first quarter 2021 was EUR 3.8 million (first quarter 2020: EUR 2.9 million) • Strong improvement in cash position in the first quarter of 2021 • Book-to-bill ratio maintained above one RoodMicrotec N.V., a leading independent company for semiconductors supply and quality services, today releases its trading update for the Read more about Trading Update: RoodMicrotec announces total income for the first quarter of 2021[…]

Commerzbank and Google Cloud Strengthen Strategic Partnership

. • Commerzbank and Google Cloud act as key strategic partners for digital transformation • Over the next five years, with support of Google Cloud, Commerzbank will move significant number of applications to Google Cloud • “Digital account analysis” as a result of successful cooperation between Commerzbank and Google Cloud Google Cloud and Commerzbank, a Read more about Commerzbank and Google Cloud Strengthen Strategic Partnership[…]

Brazil: SIG innovates with smart glasses for Remote Services at LACBOM

LACBOM, a Brazilian dairy company offering plain and chocolate milk products in SIG carton packs since 2019, has expanded its partnership with SIG by opting for Remote Services from SIG. This latest innovation offers a smarter way to service filling machines and to generate more filling line uptime.  SIG’s Remote Services are now installed at Read more about Brazil: SIG innovates with smart glasses for Remote Services at LACBOM[…]

Fraport Fiscal Year 2020: Revenue and Profit Severely Impacted by Covid-19 Pandemic – Extensive Countermeasures Implemented

Adjusted operating result (EBITDA) remains slightly positive, backed by cost-saving measures – Company realigned to be leaner and more agile – CEO Schulte: “We’re seeing the light at the end of the tunnel” – Long-term growth perspectives remain intact During fiscal year 2020 (ended Dec 31), the Covid-19 pandemic severely impacted financial performance of the Read more about Fraport Fiscal Year 2020: Revenue and Profit Severely Impacted by Covid-19 Pandemic – Extensive Countermeasures Implemented[…]

Superbonus 110 Percent: An interesting Opportunity

The Italian Government has launched a 110 percent tax break. The “Relaunch Decree” increased the rate for the deduction of expenses for energy measures such as building insulation, earthquake protection or the installation of photovoltaic systems. These measures are known as “Superbonus 110%" and apply to work that has been carried out since 1 July Read more about Superbonus 110 Percent: An interesting Opportunity[…]

USU Certified for Oracle Database License Management by ITAM Review

USU, a global leader in Software Asset Management (SAM) solutions, has received the internationally recognized “Certification for Management of Oracle Database Licenses” from The ITAM Review for optimizing Oracle database licenses. The UK-based ITAM Review is the industry’s leading analyst and provides a global community for IT Asset Management (ITAM), SAM and licensing professionals. “We Read more about USU Certified for Oracle Database License Management by ITAM Review[…]

Active environmental protection with distillation units by D.W. RENZMANN

Climate and immission protection regulations make specific demands on cleaning processes, such as the restrictive use of solvents. Distillation model  ROTOmaX vaporizes and condenses used solvent in a sustainable process, minimizing the quantity of highly viscous waste. Once the solvent in the distillation vessel reaches a predefined level, distillation starts automatically. The solvent is heated Read more about Active environmental protection with distillation units by D.W. RENZMANN[…]