Delivery of Ola Electric scooters delayed

Kuehne + Nagel Appoints Stefan Paul To Succeed Detlef Trefzger As CEO, Effective Aug. 1

Swiss logistics firm Kuehne + Nagel Group (KHNGY) announced Tuesday the appointment of Stefan Paul as Chief Executive Officer, effective August 1, 2022.

Paul succeeds current CEO, Detlef Trefzger, who will step down for private reasons. The company has planned to appoint Trefzger to the Board of Directors, with the term following completion of his successful nine-year leadership.

Paul, a German citizen, has been a member of the Kuehne + Nagel Management Board since 2013. He is currently responsible for Road Logistics and Sales. He started his career at Kuehne + Nagel in 1990.

Helical Posts Pretax Profit In H1 – Quick Facts

Helical PLC reported profit before tax of 31.0 million pounds for the half year to 30 September 2021 compared to a loss of 12.7 million pounds, last year. Profit per share was 18.0 pence compared to a loss of 8.9 pence. EPRA profit was 1.1 million pounds compared to a loss of 1.2 million pounds, prior year. EPRA profit per share was 0.9 pence compared to a loss of 1.0 pence. Revenue increased to 25.1 million pounds from 19.3 million pounds, previous year.

The Board has declared an interim dividend of 2.90 pence, an increase of 7.4%. The record date is 3 December 2021, with payable date of 31 December 2021.

Telecom Plus HY Pre-tax Profit Down

Telecom Plus plc (TEP.L) reported that its profit before tax for the six months period ended 30 September 2021 declined to 19.9 million pounds from 21.5 million pounds in the previous year.

Adjusted profit before tax decreased marginally to 26.2 million pounds from last year’s 27.7 million pounds, following a one-off increase to the provision for the Ofgem settlement of 1.0 million pounds relating to a historical issue (total settlement 1.5 million pounds).

Profit and other comprehensive income for the period attributable to owners of the parent was 14.38 million pounds or 18.3 pence per share down from 16.32 million pounds or 20.7 pence per share in the prior year.

Adjusted earnings per share fell to 26.1 pence from 28.6 pence last year.

But revenue for the period rose 6% to 371.3 million pounds from 349.4 million pounds last year.

The company expects around 10% growth in customer base during the second-half of year with double-digit annual percentage growth thereafter.

The company said it will pay an interim dividend of 27 pence per share on 17 December 2021 to shareholders on the register on 3 December 2021. The interim dividend is same with paid last year.

Compass Group FY21 Profit Surges, Reinstates Dividend; Sees Organic Revenue Growth In FY22

Food service company Compass Group (CPG.L,CMPGF.PK) reported Tuesday that its fiscal 2021 profit before tax climbed to 464 million pounds from 210 million pounds last year.

Earnings per share grew 150 percent to 20 pence from 8 pence a year ago.

Underlying profit before tax was 698 million pounds, compared to 427 million pounds last year. Underlying earnings per share were 29.5 pence, compared to 17.1 pence a year ago.

Operating profit increased by 85.4 percent to 545 million pounds reflecting actions taken to control the controllable, including resizing the cost base and improved cost control.

Revenue, meanwhile, fell 10.2 percent to 17.9 billion pounds from 19.9 billion pounds a year ago. Underlying revenues declined 6.3 percent.

In the fourth quarter, organic revenue climbed 32.9 percent, while it fell 6.3 percent in the full year.

Further, the company reinstated the dividend with a payout policy of about 50 percent of underlying earnings.

The Board has proposed a final dividend of 14.0 pence per share for FY21, payable in February 2022.

Looking ahead, in the short term, the company expects fiscal 2022 organic revenue growth to be 20 percent-25 percent.

Full year underlying margin is anticipated to be over 6 percent. With ongoing mobilisation costs and inflationary pressure, further improvement will be weighted towards the second half of the year as the company returns to underlying margin of around 7 percent by year end.

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Delivery of Ola Electric scooters delayed

Ola Electric has pushed back the delivery schedule for the first batch of their electric scooters. Deliveries of the scooter will now commence in the second-half of December.

Ola has informed buyers about the delay through mails.

The delay is attributed to a global chip shortage, and the earliest delivery window for the scooters is now between December 15 to 31. Deliveries were originally supposed to commence during the October-November period.

Meanwhile, the company continues to expand its test ride operations and is aiming for 1,000 cities by December 15.

Ola Electric scooter is available in two variants — S1 and S1 Pro with the latter getting a larger battery pack, higher top speed and more equipment.

Power comes from an electric motor which produces a peak power output of 8.5kW and 58Nm. The S1 has a claimed top speed of 90kph, while the S1 Pro will max out at 115kph. Both scooters get fixed batteries, with the S1 getting a 2.98kWh unit and the S1 Pro getting a 3.97kWh battery giving them a claimed range of 121km and 181km, respectively.