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Business News Archive - February 19, 2009

PARIS, February 19 /PRNewswire-FirstCall/ -- Saft, leader in the design, development and manufacture of high-end batteries for industry and defence, announces its certified results for the full year ended 31 December 2008. Results highlights - Full year 2008 sales of EUR609.4m, up 4.9% compared with FY 07 at constant exchange rates (+1.5% at actual exchange rates); - Strong growth in EBITDA and EBIT during the year, guidance achieved: - EBITDA increased by 12.3% to EUR110.1m, which represents 18.1 % of sales; - EBIT increased by 14.9% to EUR80.8m, which represents 13.2% of 2008 sales; - Net income increased to EUR35.1m from EUR26.9m in 2007 (+30.5%) despite further non-cash "mark to market" losses on bank debt; - Earnings Per Share in 2008 was EUR1.90, compared with EUR1.46 in 2007; - Strong cash generation during 2008 despite increased capital investment and funding for Johnson Controls-Saft;

PARIS, February 19 /PRNewswire-FirstCall/ -- - Saft and DCNS Formalise Their Alliance in Innovative Technologies Saft and DCNS have just signed a framework agreement which reinforces their alliance in electrical energy storage technologies for military naval applications.

Five-Year, $40 Million Investment to Focus on Increasing Cocoa Farmer Knowledge, Marketing Efficiency and Incomes WASHINGTON, Feb.

LONDON, Feb. 19 /PRNewswire/ -- The EU target of delivering 20% energy from renewable sources by 2020 will be very difficult to meet, accordingly to experts.

LONDON, Feb. 19 /PRNewswire/ -- The '2008 European Automotive Powertrain Entrepreneurial Company Award' is presented to e-Traction Europe B.V. for having demonstrated entrepreneurial excellence in terms of innovative in-wheel direct drive motor technology with its e-Traction system.

Video Documents What Happens When Most of What Americans Recycle Is Exported BERKELEY, Calif., Feb.

LAFAYETTE, La., Feb. 19 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc.

DENVER, Feb. 19 /PRNewswire-FirstCall/ -- Newmont Mining Corporation (NYSE: NEM) ("Newmont" or "the Company") today announced record revenues in 2008, following the announcement of strong operating results on January 27, 2009.

COVINGTON, La., Feb. 19 /PRNewswire/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today results for the fourth quarter and year ended December 31, 2008.

Carrier Plans Conservative Start-Up to Complement Existing Network DALLAS, Feb. 19 /PRNewswire-FirstCall/ -- Southwest Airlines today announced its intent to begin service from Boston Logan International Airport (BOS) in the Fall of 2009.

Word of the Day
malpais
  • The ragged surface of a lava-flow.
'Malpais' translates from Spanish as 'bad land.'