Tag is: the Group

Leonardo will equip Kuwaiti patrol ships and Italy will strengthen ’'s presence in the Gulf ’

by the Logistics TransportIn the the General Assembly

Italy’'s presence in the Persian Gulf’ and military cooperation with Kuwait are being strengthened. Leonardo has signed a contract with Abu Dhabi Ship Building (ADSB), a subsidiary of EDGE Group’, to supply naval combat systems for the latest generation of patrol ships ordered from Kuwait’'s shipbuilder.

Kuwait launched by ordering the modernization of the maritime component as part of the “Al Dorra” program. eight FALAJ 3 Offshore Patrol Vessels (OPV’ler)United Arab Emirates’nde was built by ADSB.

Military and trade agreements between Italy and Kuwait

The military and trade cooperation between Italy and Kuwait was consolidated last year: Italian Air Force and Kuwait Air Force renew their partnership in Eurofighter Typhoon jets, A three-year agreement is signed.Providing personnel training, support in electronic warfare and joint management of activities.

In 2016, the Kuwait ordered 28 advanced aircraft built by Leonardo in ’, Italy.Most of the Eurofighter Typhoon’s are already operating in the Emirate’te. Kuwait's Ministry of Defense also expanded its integrated logistics support and local training services. These activities will Provided by Leonardo Aviation ServicesAli al Salem at the air base until December 2029’, reinforcing the strategic cooperation between the two countries.

Kuwait’te Italy’ also has an active military presence. 320 soldiers were deployed at Ali al Salem base.The Italian Ministry of Defense announced that the “Car Fenice” Task Group's MQ-9A “Predator” unmanned aircraft and the “Typhoon” Task Group's F-2000A “Eurofighter” jets are also deployed here, and that its mission is to effectively contribute to “ operations aimed at definitively defeating ’ISISID”.

An MQ-9A unmanned aerial vehicle parked at the base was shot down last March in a Tehran’ attack two weeks after the start of the US-Israeli ’'s war against Iran’, but no injuries were reported among Italian personnel and no damage to other assets.

Troops at Ali al Salem base carry out surveillance, reconnaissance and data collection activities. IraqTo help ensure the safety of civilian and military personnel operating in ’.

The Italian union is also conducting joint exercises with the Iraqi Air Force, which aims to promote integration and training sharing for cooperation that will serve peace and stability throughout the region.

How does Leonardo strengthen his presence in the Persian Gulf ’?

Returning to the collaboration between Leonardo and EDGE, the partnership signed twenty years ago made this possible. will supply about 30 marine units.The deal for patrol ships ordered by Kuwait is estimated to be worth 320 million euros and includes the supply of Leonardo’'s Combat Management System (CMS), the 76 mm SUPER RAPIDO cannon equipped with STRALES guided ammunition, and the KRONOS NAVAL HP radar.

The consolidation of cooperation between Leonardo and EDGE Group is accelerating creation of a joint ventureIt was announced in June and is scheduled to be operational in 2026. the Company 's ’i Emirate group and ’u will belong to the Italian group and will cover the following activities: United Arab Emirates’nde from design to production and training.

The project also focuses on the issuance of intellectual property licenses and the development of a skilled local workforce. This agreement confirms the model's competitiveness in the global defense market and strengthens the Italian group's presence in the Persian Gulf ’.

Leonardo equips Kuwaiti patrol ships, Italy increases presence in Persian Gulf’

by the Logistics TransportIn the the General Assembly

Italy’'s presence in the Persian Gulf’ and military cooperation with Kuwait’ are strengthening. Leonardo has signed a contract with Abu Dhabi Ship Building (ADSB), a subsidiary of EDGE Group’, to supply naval combat systems for the next generation of patrol ships ordered from Kuwait’'s shipbuilder.

Kuwait has started to modernize its marine components under the “Al Dorra” program. eight FALAJ 3 Offshore Patrol Vessels (OPV’ler)It was built by ADSB in ’nde, United Arab Emirates.

Military and trade agreements between Italy and Kuwait

Military and commercial cooperation between Italy and Kuwait consolidated last year: Italian Air Force and Kuwait Air Force renew their partnership on Eurofighter Typhoon fighter jets, A three-year agreement is signed.Providing personnel training, support in electronic warfare and joint management of activities.

In 2016, the Kuwait ordered 28 advanced aircraft built by Leonardo in ’, Italy.Most of the Eurofighter Typhoon’s are already operating in the Emirate’te. Kuwait's Ministry of Defense has also expanded its integrated logistics support and local training services. These activities will Provided by Leonardo Aviation ServicesAli Al Salem at the air base until December 2029’, reinforcing the strategic cooperation between the two countries.

Italy also maintains an active military presence in Kuwait’. 320 soldiers were deployed at Ali Al Salem base.The Italian Ministry of Defense announced that the MQ-9A “Predator” unmanned aircraft from the “Car Fenice” Task Group and the F-2000A “Eurofighter” jets from the “Typhoon” Task Group were also deployed here, and that its mission was to effectively contribute to “ operations aimed at definitively defeating ’ISISID”.

Last March, two weeks after the start of the US-Israeli ’ war against Iran’, an MQ-9A unmanned aerial vehicle parked at the base was shot down in an attack by Tehran’, but no injuries or damage to other assets were reported among Italian personnel.

The military conducts surveillance, reconnaissance and data collection operations at Ali Al Salem base. IraqTo help ensure the safety of civilian and military personnel operating in ’.

The Italian union is also conducting joint exercises with the Iraqi Air Force, which aims to promote integration and training sharing in a spirit of cooperation that will serve peace and stability throughout the region.

How does Leonardo strengthen his presence in the Persian Gulf ’?

Returning to the collaboration between Leonardo and EDGE, the partnership signed twenty years ago made it possible to: About 30 naval units were delivered.The value of the contract for patrol ships ordered by Kuwait is estimated at 320 million euros and includes the supply of Leonardo’'s Combat Management System (CMS), the 76 mm SUPER RAPIDO cannon equipped with STRALES guided ammunition, and the KRONOS NAVAL HP radar.

Strengthening cooperation between Leonardo and EDGE Group accelerates creation of a joint ventureAnnounced in June and planned to be operational in 2026, the company ’i Emirate group and ’u will belong to the Italian group and will cover the following activities: United Arab Emirates’nde from design to production and training.

The project also focuses on the issuance of intellectual property licenses and the development of a skilled local workforce. The agreement confirms the competitiveness of this model in the global defense market and strengthens the Italian group's presence in the Persian Gulf ’.

Mega elevator agreement: Finnish elevator manufacturer Kone acquires German competitor TKE’ in a €29.4 billion deal

by the Logistics TransportIn the the General Assembly

Finnish elevator manufacturer KONE announced on Wednesday that it has acquired German competitor TKE’yi in a giant share and cash deal worth €29.4 billion.

The merged group will be almost twice the size of the current KONE group, with more than 100,000 ’ employees in more than 100 ’ countries and annual revenue of approximately €20.5 billion, the two companies said in a statement.

TKE’ is owned by a consortium of private equity groups Advent and Cinven’.

The new group will be based in Finland and will be led by Philippe Delorme, KONE’'s current French general manager.

In a joint statement, “, the transaction that revitalizes the industry, brings together two outstanding global businesses with complementary geographic footprints and innovation platforms, ” said.

This acquisition will allow KONE’ to gain strong access to markets and profitable service and maintenance contracts in the Americas’.

“KONE’'s presence in Asia’ is complemented by TKE’'s footprint on the Americas, and TKE opens up new geographies for KONE, leading to a balanced global presence.”

According to Finnish media, this was the largest corporate acquisition ever made in ’, Finland.

According to the statement, the consortium, which owns TKE’, will acquire 270 million shares worth 5 billion euros and the new KONE’den 15.2 billion euros. %It will have 33.8’ine.

The two groups expect annual synergies in the form of extra profits or cost savings of €700 million from the acquisition. The new company is expected to have a strong investable credit rating, while creating a strong cash flow.

The deal still needs approval from regulatory agencies and shareholders, and will likely be completed by 2027’.

Generali, Deutsche Bank and Deliveroo: Company news that drives markets

by the Logistics TransportIn the the General Assembly

Italy’'s largest insurance company Generali reported record profits for 2024 as Chief Executive Officer Philippe Donnet prepares to face a vote by key shareholders next month on ’'s reappointment.

The operating profit of the company compared to the previous year, mainly due to the strong performance of the Asset and Asset Management department %An increase of 8.2, reaching a record level of 7.3 billion euros. Clear result corrected according to description %An increase of 5.4 to 3.8 billion Euro’, setting an all-time record for the Group.

Generali Group CEO Philippe Donnet said that ’Group is today in the strongest position in its history, as demonstrated by our record operating and adjusted net results achieved through the efforts and determination of our employees and distribution network.

Total assets managed by the company, thanks to increased net inflows and consolidation of Conning Holdings Limited’in %Increasing by 31.6, it reached 863 billion Euro’. Gross written premiums, which are the total amount of money collected by the insurance company from its customers, according to 2023’ %It increased by 14.9 to 95.2 billion Euro’. The main reason for this was life, property and accident insurance.

Board of Directors, compared to the previous year %He offered a dividend of €1.43 per share, which was 11.7 more. Generali’'s annual general assembly meeting will be held on April 23-24, and the re-appointment of the current CEO’ is the most closely followed event by investors. Three years ago, Francesco Gaetano Caltagirone, a leading investor in the company, tried to replace Donnet’, the CEO of Assicurazioni Generali’ since March 2016’, but failed.

Generali shares traded on the Milan Stock Exchange’ did not show any significant change after the earnings report.

Strong profit growth in Vienna Insurance Group AG’

Vienna Insurance Group AG also recorded a very strong performance in 2024. The company's pre-tax profit %It reported an increase of 14.1 to 881.8 million Euro’. Insurance service income, mainly under the influence of agreements in the property and accident insurance business %An increase of 11 to 12 billion Euro’.

Company, the amount of dividends %He proposed an increase of 10.7 percent to 1,55 Euro’ya.

Shares of the company in the afternoon Avrupa’da %It was valued at 1.3 percent.

Deutsche Bank raises jackpot pool to 10-year high

Looking at the updates from Deutsche Bank’, Germany saw an increase in the bonuses of investors at ’'s largest bank, according to the bank's annual report published on Thursday.

Bonus pool for the bank's trader’s and traders %With 25 increases, €2.5 billion reached ’, the highest figure since 2014’.

The Frankfurt-based bank said its audited results confirm previously reported figures detailing the bank's 2024 performance published on January 30, 2025’.

Two Polish banks report remarkable results for 2024

Poland’'s largest bank, Warsaw-based PKO Bank Polski, has dazzled investors with its latest results. Share price at Avrupa’da around 13:00 CEST %He's gone up more than 3’.

The lender's net profit reached PLN’ (€2.22 billion) at 2024’te 9.3 billion; compared to the 2023 ’. %It points to a massive increase of 69.1.

By increasing its market share in retail and corporate areas, its assets increased to PLN’ 525 billion (EUR 125 billion). Revenue from PKO Bank Polski’'s core activities %It increased by 19.6.

In the statement, “Bank recorded significant momentum in corporate loans in the fourth quarter and continued double-digit growth in individual loans, ” said.

The company's market capitalization reached PLN’ye 74.7 billion (EUR 17.8 billion) by the end of 2024; This is about an annual ’ means an increase.

“PKO Bank Polski 2024’te has experienced above-market growth and Poland is fully prepared to finance the expected momentum in ’'s economic development, the bank said in a statement.

Polish business BNP Paribas BP, affiliated with French multinational BNP Paribas’a, also reported exceptional profits for 2024. Net profit compared to the previous year %It increased by 133 to 2.4 billion PLN’ (€570 million). Net interest income per annum %It increased by 9.9 to 5.74 billion PLN’ye (EUR 1.37 billion).

Deliveroo announces its first profit

British online food delivery company Deliveroo recorded its first positive result in 2024 as it expanded its operations. The firm specifically entered the grocery business and formed partnerships with retailers.

Income in fixed currency %It was about £2 billion (€2.47 billion) in a 3 increase, and the profit was £2.9 million (€3.5 million) compared to the £32 million loss in ’ in 2023.

Deliveroo expects a further increase in Gross Transaction Value (GTV), the value of everything sold in its market.

Deliveroo Founder and CEO ’ Will Shu, “Our first full-year profit and positive free cash flow, as well as the strong results we announced today with GTV growth in our industries, show that our strategy is working, ” said.

“I am confident that we can continue to drive growth, while the consumer environment remains uncertain, ” added.

However, the expected weak consumer confidence negatively affected investor confidence. Stock EuropeIn the afternoon value of ’ is almost %He lost 7’sini.

The London-based company also announced on Monday that it will exit its Hong Kong operations due to increased competition and weak sales.

Hugo Boss’ 's is down

German fashion company Hugo Boss AG saw record sales at 2024’te, but that wasn't enough to drive the big fashion brand's profits high enough.

Sales of Hugo Boss’ due to increasing macroeconomic and geopolitical uncertainties and delayed consumption 2024’te %It increased by 3 to 4.3 billion Euro’. If the group's operating profit is %It fell by 12 to 361 million Euro’. The Net Income %It declined by 17 to 224 million Euro’.

Shares of the company in the afternoon trade in Avrupa’ %3He lost over ’.