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07.05.26 - 19:33
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Forsee Power Releases Its 2025 Annual Results and Continues to Execute Its Roadmap (Business Wire)
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On May 7, the Board of Directors met and approved the consolidated financial statements of the Forsee Power Group and the statutory accounts of Forsee Power SA.
2025 revenue of €120.5 million in a more challenging market environment
The heavy-duty vehicle segment remains dominant, with €106.2 million in revenue, representing 88% of the Group's business
Continued business development with several key contracts and partnerships, notably with Rolls-Royce, Bozankaya, Innovation Rail Technologies, KGHM, MegaFlux, Westward Industries, and Connected Energy
Strengthening of the product portfolio with the launch of the new PULSE PLUS and GO 6 ranges
2025 results impacted by the slowdown in certain markets, Continued efforts to adapt the Group's cost structure
2025 EBITDA of -€3.1 million
Recurring Operating Income of -€18.3 million and consolidated net income of -€28.0 million
Continued focus on operational discipline and cost control
Implementation of the “REPOWER27” strategic transformation plan
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05.03.26 - 16:09
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Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense (ZeroHedge)
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Precious Metals Plunge As Poland Weighs Gold Sales To Fund Defense
Poland's central bank chief laid out a proposal to generate as much as 48 billion zloty ($13 billion) from the sale of gold reserves to finance defense spending as part of a plan backed by the nation's president, according to people familiar with the matter.
Bloomberg reports that Governor Adam Glapinski outlined the proposal in a meeting with President Karol Nawrocki on Wednesday as the head of state announced he'd seek an alternative to a European Union program that's opposed by the US.
Nawrocki and his aides have criticized the EU's €150 billion ($174 billion) loans-for-weapons project as a costly endeavor that would jeopardize ties with Washington.
Glapinski told the president that the National Bank of Poland could generate the profit by selling down some of its roughly 550 tons of gold reserves, which it could then buy back, the people said, on condition of anonymity as discussions take place behind closed doors.
Bu...
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17.02.26 - 10:42
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NKT signs EUR 6 billion landmark copper agreement with KGHM (Cision)
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NKT has renewed its long‑term copper supply agreement with leading European mining and smelting company KGHM. The renewed contract secures a stable supply of European‑produced copper for NKT's power cable manufacturing over the next decade, ensuring long‑term availability through to 2036.
NKT's copper demand continues to grow in line with the company's expansion of production facilities to meet the high global demand for power cable solutions. Ensuring access to reliable copper supply sources is therefore essential to maintaining NKT's competitiveness and strengthening the resilience of its...
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