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Aimia Inc (AIM.TO)

AIM.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Aimia qtrly adjusted net earnings per common share C$0.11​
Wednesday, 8 Nov 2017 06:00pm EST 

Nov 8 (Reuters) - Aimia Inc ::Aimia reports third quarter 2017 results.Aimia Inc - qtrly ‍total revenue C$452.1 million versus C$503.6 million​.Qtrly adjusted net earnings per common share C$0.11​.Aimia Inc - qtrly ‍loss per common share C$0.26​.Aimia Inc - sees 2017 adjusted EBITDA margin for core business to be around 13.0 percent​.Aimia Inc - ‍business simplification on track to deliver annualized savings of $70 million from 2019, with expected savings of around $9 million in Q4 of 2017​.Aimia Inc says ‍costs and cash expense related to previously identified restructuring actions are expected to be between $20 million and $25 million in 2017​.  Full Article

Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million
Friday, 25 Aug 2017 05:00pm EDT 

Aug 25 (Reuters) - Aimia Inc ::Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million.Aimia - co transfers air miles trademarks, license, royalty agreements for Canada to diversified royalty for a cash consideration of about $53.75 million​.Aimia - ‍additional contingent consideration, up to maximum of about $13.75 million, may be paid within next three years, based on performance of program​.Aimia Inc - ‍expects to pay cash taxes related to sale of these trademarks in 2018 of between $13 million and $16 million​.  Full Article

Aimia reports Q2 loss per share $0.19
Wednesday, 9 Aug 2017 06:00pm EDT 

Aug 10 (Reuters) - Aimia Inc -:Aimia reports second quarter 2017 results.Aimia Inc- ‍2017 guidance maintained​.Qtrly gross billings of $520.3 million, down 6.3% on a constant currency basis including impact of divestitures.Qtrly ‍total revenue $470.5 million versus $525.4 million​.Aimia Inc - mark grafton will be appointed chief financial officer of Aimia Inc. With effect from September 2017.Qtrly loss per share $0.19; qtrly adjusted earnings per share $0.17‍​.Aimia Inc - company's ongoing process to simplify business will result in a further streamlining of business into two operating divisions.Q2 earnings per share view c$0.16, revenue view c$487.0 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view c$0.88, revenue view c$2.15 billion -- Thomson Reuters I/B/E/S.Aimia Inc says streamlining change is expected to result in a significant reduction in divisional overheads and corporate costs.  Full Article

Aimia suspends payment of all dividends on both outstanding shares​
Wednesday, 14 Jun 2017 07:01am EDT 

June 14 (Reuters) - Aimia Inc ::Aimia provides update on dividends.Aimia Inc ‍board of directors has suspended payment of all dividends on both its outstanding common shares​.Aimia Inc - ‍board of directors has also suspended payment of dividends on its series 1, series 2 and series 3 cumulative rate reset preferred shares​.Aimia Inc - ‍has been in active discussions with various parties with a view to securing new long-term commercial and strategic relationships post-2020​.Aimia Inc - ‍also making progress on its plan to remove a further $70 million of costs from company through its business review​.  Full Article

Aimia CFO Tor Lonnum leaving company in september
Thursday, 8 Jun 2017 07:00pm EDT 

June 8 (Reuters) - Aimia Inc ::Aimia CFO Tor Lønnum leaving company in September.Appointed Aimia director Roman Doroniuk to act as interim cfo, effective september 5, while a successor is sought.  Full Article

Aimia receives notice of contract non-renewal from Air Canada
Thursday, 11 May 2017 02:10pm EDT 

May 11 (Reuters) - Aimia Inc ::Aimia receives notice of contract non-renewal from Air Canada.Unless parties come to an alternative agreement or air canada withdraws such notice, current agreement will expire in June 2020.Air canada flyers will also continue to accumulate aeroplan miles until 2020.Aeroplan will continue buying seats from Air Canada under existing contract until june 2020 to provide rewards.  Full Article

Aimia reports qtrly loss per share C$0.40
Thursday, 16 Feb 2017 07:41pm EST 

Aimia Inc : Aimia reports fourth quarter 2016 results . Qtrly total revenue C$689 million versus C$734.3 million . Qtrly loss per share C$0.40 . Qtrly adjusted earnings per share C$0.20 . Sees FY 2017 gross billings core business to be broadly stable at around $2.1 billion .Sees fy 2017 adjusted EBITDA margin core business to be around 12.0pct.  Full Article

Aimia reports qtrly loss per share C$0.40
Thursday, 16 Feb 2017 06:36pm EST 

Aimia Inc : Aimia reports fourth quarter 2016 results . Qtrly total revenue C$689 million versus C$734.3 million . Qtrly loss per share C$0.40 . Qtrly adjusted earnings per share C$0.20 . Sees FY 2017 gross billings core business to be broadly stable at around $2.1 billion .Sees fy 2017 adjusted EBITDA margin core business to be around 12.0pct.  Full Article

Aimia Group CEO to take 4-month leave of absence
Thursday, 19 Jan 2017 07:00am EST 

Aimia Inc : Aimia Inc - Robert E. Brown has been appointed executive chairman by board of directors . Aimia Group chief executive to take 4-month leave of absence . Aimia Inc - aimia is re-confirming and updating guidance for 2016 financial year . Aimia Inc - expects to report gross billings above $640 million in Q4 . Aimia Inc - revenue is expected to be approximately $2.3 billion for full year . Aimia Inc - adjusted ebitda margin is expected to be around 10 pct for q4 and full year, above Aimia's prior guidance of around 9.5 pct . Aimia Inc - ongoing asset review has not been completed, impairment charges that may arise will not affect guidance . Aimia Inc - ongoing process to simplify business may also result in certain assets being identified as held for sale . Q4 revenue view C$660.9 million -- Thomson Reuters I/B/E/S .Fy2016 earnings per share view C$0.98, revenue view C$2.28 billion -- Thomson Reuters I/B/E/S.  Full Article

Sigma Group acquires Aimia Inc Enhancement Services business unit
Tuesday, 16 Aug 2016 07:00am EDT 

Sigma Group : Sigma group acquires Aimia Inc Enhancement Services business unit .Terms of transaction were not disclosed.  Full Article

BRIEF-Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million

* Aimia sells air miles trademarks for Canada to diversified Royalty Corp for total consideration of up to $67 million