Braas Monier : Signs agreement to acquire Ontop B.V., a European manufacturer of steel chimneys . Acquisition to complement Braas Monier's existing product mix, brand portfolio and geographical footprint . European manufacturer with operations in Netherlands, Poland, Germany and France .Acquisition is expected to close over coming weeks.
STEICO SE : Said on Wednesday revenues in the first six months were up 9.5 percent year-on-year, from 92.5 million euros to 101.3 million euros ($111.76 million) . H1 EBITDA improved by 52.2 percent to 17.5 million euros (previous year: 11.5 million euros), and EBIT lifted by 81.5 percent to 9.8 million euros (previous year: 5.4 million euros) . H1 net income grew by 57.9 percent to 6.0 million euros(previous year: 3.8 million euros) . Q2 revenues of 54.4 million euros were recorded in the second quarter (previous year: 47.4 million euros) . Q2 EBIT lifted by 51.4 percent to 5.6 million euros (previous year: 3.7 million euros) . Management believes that the positive growth will continue, however the growth rates are expected to be slightly lower than in the first half of the year; expects that the consequences of the planned BREXIT will dampen future growth on this market .Is forecasting revenue growth in the upper single- digit percentage range for the year as a whole. In terms of EBIT, above average growth in the upper double-digit percentage range is forecast..
Zhejiang Youpon Integrated Ceiling Co Ltd <002718.SZ>: Says it will use 95.8 million yuan to buy properties in Shanghai .Says the properties will be used as offices.
Valmont Industries Inc : "See continued downward pressure in irrigation market" . Valmont industries inc says "we see continued downward pressure in irrigation market" . "Restructuring activities will affect energy and mining and coatings segments." . Reports second quarter 2016 earnings . Q2 earnings per share $1.85 . Q2 revenue $640.2 million versus i/b/e/s view $648.5 million . Q2 earnings per share view $1.73 -- Thomson Reuters I/B/E/S . Reaffirms FY 2016 earnings per share view $6.31 to $6.49 . FY2016 earnings per share view $6.40 -- Thomson Reuters I/B/E/S . "We do not expect a significant short-term improvement in our end markets" . "Long-term, our outlook is quite positive due to strong inherent drivers in infrastructure and agriculture markets." .Guidance of earnings per share between $6.31 and $6.49 in 2016 takes into account some margin pressure in second half".
Nobia : Q2 organic growth was 4 per cent (7) . Q2 net sales amounted to SEK 3,667 million (3,575) . Q2 operating profit amounted to SEK 414 million (400) . Says we are focusing intensively on achieving our target of a 10 per cent operating margin in 2016 . Says uncertainty has however increased due to result of referendum in uk .Reuters Poll: Nobia Q2 net sales were seen at SEK 3,638 mln, EBIT was seen at 410 mln sek.
Grupo Lamosa SAB de CV : Said on Tuesday it had reached an agreement with Etex on acquisition of its ceramics coatings operations in South America for about $230 million .The transaction includes the acquisition of six subsidiaries with operations in Chile, Colombia, Peru and Argentina.
Koninklijke Philips NV : Announces that it has signed an agreement to acquire Wellcentive, a US-based provider of population health management software solutions . Financial details of the transaction not to be disclosed Further company coverage: [LIGHT.AS] (Gdynia Newsroom) ((email@example.com; +48 58 772 09 20;)).
LIXIL Group Corp <5938.T>: Says the co's wholly owned unit LIXIL Corp will sell its wholly owned unit, a Tochigi-based housing company, in late August . Says the buyer is a unit of Polaris Capital Group Co., Ltd .Says the transaction price is not disclosed.
Villeroy & Boch AG : Goals for 2016 confirmed . H1 operating EBIT improves by 7.0 percent to 16.8 million euros ($18.51 million) .H1 consolidated revenue up 3.0 percent to 398.6 million euros.
Tile Shop Holdings Inc : Tile Shop reports second quarter 2016 results . Q2 sales $84.3 million versus i/b/e/s view $84.4 million . Tile Shop Holdings Inc says net sales grew 11.3% to $84.3 million for q2 of 2016 . Q2 non-GAAP earnings per share $0.14 . Q2 earnings per share view $0.13 -- Thomson Reuters I/B/E/S . Sees full-year net sales $322 million- $329 million . Sees full-year comparable store sales mid to high single digits . Sees full-year capital expenditures of about $30 million . Sees full-year non-GAAP earnings per share $0.41 - $0.45 .Full-year 2016 earnings per share view $0.45 -- Thomson Reuters I/B/E/S.