Melco leads with the most Five-Star awards in Macau and Asia in the 2025 Forbes Travel Guide

February 13, 2025

Source: Media Outreach

Melco Resorts & Entertainment, with its American depositary shares listed on the NASDAQ Global Select Market (NASDAQ: MLCO), is a developer, owner and operator of integrated resort facilities in Asia and Europe. The Company currently operates Altira Macau ( www.altiramacau.com), an integrated resort located at Taipa, Macau and City of Dreams (www.cityofdreamsmacau.com), an integrated resort located in Cotai, Macau. Its business also includes the Mocha Clubs ( www.mochaclubs.com), which comprise the largest non-casino based operations of electronic gaming machines in Macau. The Company also majority owns and operates Studio City ( www.studiocity-macau.com), a cinematically-themed integrated resort in Cotai, Macau. In the Philippines, a Philippine subsidiary of the Company currently operates and manages City of Dreams Manila ( www.cityofdreamsmanila.com), an integrated resort in the Entertainment City complex in Manila. In Europe, the Company operates City of Dreams Mediterranean in Limassol in the Republic of Cyprus ( www.cityofdreamsmed.com.cy). The Company also continues to operate three satellite casinos in other cities in Cyprus (the “Cyprus Casinos”). For more information about the Company, please visit www.melco-resorts.com.

Melco Resorts & Entertainment is majority owned by Melco International Development Limited, a company listed on the Main Board of The Stock Exchange of Hong Kong Limited, which is in turn majority owned and led by Mr. Lawrence Ho, who is the Chairman, Executive Director and Chief Executive Officer of the Company.

– Published and distributed with permission of Media-Outreach.com.

Galaxy Macau Receives Record-breaking Five-Star Awards Recognition from Forbes Travel Guide on 2025 List

MIL OSI

February 13, 2025

Source: Media Outreach

The Luxury Integrated Resort Company Scales New Heights for the Third Consecutive Year, Celebrating the Accolade of Having the Most Forbes Travel Guide Five-Star Hotels Under One Roof

MACAU SAR – Media OutReach Newswire – 12 February 2025 – The prestigious Forbes Travel Guide today unveiled its highly anticipated 2025 Star Awards, which saw Galaxy Macau™ achieving a remarkable milestone with an incredible nine Forbes Travel Guide (FTG) Five-Star accolades. Galaxy Macau is proud to announce its unrivalled position as the integrated resort with the most Five-Star hotels under one roof of any luxury resort company worldwide for the third consecutive year. Galaxy Macau has earned the exclusive accolade as the only luxury resort with five FTG Five-Star hotel ratings in the world, cementing Galaxy Macau’s status as the leading luxury FTG Five-Star resort destination.

Galaxy Macau achieves a remarkable industry-leading milestone with nine Five-Star accolades in Forbes Travel Guide Five-Star Awards 2025.

Raffles at Galaxy Macau makes its unprecedented debut in the Forbes Five-Star Award in its outstanding first year of operation.

Forbes Travel Guide is widely recognized as the leading authority in evaluating and rating top-tier hotels, restaurants, and spas around the world, employing a professional review team that adheres to hundreds of stringent standards, and Galaxy Macau’s nine Five-Star honors this year were awarded across its glittering collection of hotels, restaurants, and spas.

Galaxy Hotel™ remains one of the world’s largest Forbes Travel Guide Five-Star hotels, celebrating its award-winning recognition for the third consecutive year.

The Ritz-Carlton, Macau maintains its impeccable reputation for luxury service with its ninth consecutive Forbes Travel Guide Five-Star Award winning recognition.

Galaxy Macau received the following 2025 Forbes Travel Guide Five-Star Awards:

Raffles at Galaxy Macau (Five-Star Award winner for its first year in operation)
Galaxy Hotel™ (Five-Star Award winner for the third consecutive year)
Banyan Tree Macau (Five-Star Award winner for the 12^th consecutive year)
The Ritz-Carlton, Macau (Five-Star Award winner for the 9th consecutive year)
Hotel Okura Macau (Five-Star Award winner for the fourth consecutive year)
Banyan Tree Spa (Five-Star Award winner for the 12^th consecutive year)
The Ritz-Carlton Spa (Five-Star Award winner for the 9th consecutive year)
Yamazato (Inaugural Five-Star Award winner)
8½ Otto e Mezzo BOMBANA (Five-Star Award winner for the third consecutive year)

The Forbes Travel Guide team extended its warmest congratulations to the management and staff of Galaxy Macau for this standout achievement as a worldwide exemplar of luxury hospitality at its finest. “Forbes Travel Guide congratulates the leadership and staff of Galaxy Macau for once again earning their Five-Star hotel awards for 2025. The team have demonstrated a unique and unwavering commitment to elevating the guest experience with staff as passionate as they are exacting in the delivery of their service, year after year. We are proud to feature Galaxy Macau’s House of Brand hotels on our Five-Star list.” said Amanda Frasier, President, Standards & Ratings, Forbes Travel Guide.

8½ Otto e Mezzo BOMBANA is proud to announce its Forbes Travel Guide Five-Star Award win for the third consecutive year for standout Italian gastronomy.

“Galaxy Macau’s record-breaking performance in the 2025 Forbes Travel Guide Five-Star Awards is a testament to our continuous commitment to delivering an exceptional luxury service experience to our sophisticated guests, made possible by the tireless dedication and unwavering passion of our team,” said Kevin Kelley, Chief Operating Officer – Macau of Galaxy Entertainment Group. “We embrace our dedicated service philosophy of ‘World-Class Asian Heart,’ taking the expression of luxury to new heights as we create unique and unforgettable memories for our discerning guests. We are honored to be recognized by Forbes Travel Guide and look forward to continuing to raise the bar for luxury hospitality worldwide, while further reinforcing Macau’s status as a ‘World Center for Tourism and Leisure’.”

Yamazato is proud to announce its inaugural Forbes Travel Guide Five-Star Award recognition for exquisite Japanese gastronomy.

In Macau and across Greater China, Galaxy Macau is not only synonymous with luxury and comfort, but also serves as the perfect starting point for visitors seeking to explore the dazzling allure of Macau. The dedicated team infuses passion and expertise into every detail, striving to create memorable experiences for each guest. Key to its accolades in the Forbes Travel Guide, Galaxy Macau continues to evolve and expand its distinctive luxury service offering, driven by a vision to establish a world-class luxury integrated resort that resonates with visitors, and holds a special place in the heart of its discerning guests.

Banyan Tree Spa Macau is proud to have earned its outstanding Forbes Travel Guide Five-Star Award win for the 12th consecutive year.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Update on December 2024 and January 2025 rental data

LiveNews Publisher

February 13, 2025

Update on December 2024 and January 2025 rental data

The national-level stock measure for actual rentals for housing for December 2024 and January 2025 will be included in Selected price indexes: January 2025, which is due out on Friday 14 February.

The administrative data used for this measure is provided by the Ministry of Business, Innovation and Employment (MBIE), which recently upgraded their tenancy bond-lodgment system. The stock measure was not included in last month’s SPI release as time was needed to integrate the new system’s data into the rental price indexes.

The completed update does not affect the results for the December 2024 quarter consumers price index (CPI), so no revision is required.

The release does not include the flow of rental properties measures (national and regional) as we are still working to integrate the new system’s data for these measures. The flow measures, which do not affect the CPI, will be included when we are confident they meet customer expectations.

Stats NZ would like to thank MBIE and the Ministry of Housing and Urban Development (HUD) for collaborating on this work and making it possible to release the latest data. We will provide a further update in due course.

If you have any questions, please contact our Information Centre at info@stats.govt.nz.

Ends

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MIL OSI

Housing Market – Subtle turning point for property sellers – CoreLogic

LiveNews Publisher

February 13, 2025

Source: CoreLogic

New Zealand’s property market is showing early signs of a gentle turnaround, giving resellers a glimmer of renewed leverage after a prolonged downturn.

CoreLogic NZ’s latest Pain & Gain report for Q4 2024 shows the proportion of properties being resold for more than the original purchase price was 91.0%, up from 90.1% in Q3 2024.
However, that’s still low compared to the post-COVID boom when more than 99% of properties typically sold for a profit.

CoreLogic NZ Chief Property Economist Kelvin Davidson said the small rise suggests resale conditions are gradually improving, aligning with broader signs of a market turnaround.

“While profits are down from the peak, most property resellers continue to see gains.

“The latest increase in the frequency of resale profits supports other indicators that the market may have found a floor, largely due to recent mortgage rate falls.

“However, with property values still about 18% below their peak and the overhang of listings keeping buyers in a strong position, selling conditions remain subdued, he said.

Regaining ground
Mr Davidson said while buyers still have the upper hand, resellers may be regaining ground as profits grow.

“In Q4, the typical size of reseller gains ticked up to $289,500 from $279,000 in the third quarter of last year.

“While the figure is still low compared to the peak in late 2021 of $440,000, it’ still larger than anything we saw prior to Q4 2020.

“On the flipside, the median resale loss was unchanged at $55,000 in Q4, remaining within the $50,000–$60,000 range seen over the past two years,” he said.

Mr Davidson added that although these profits are still significant and losses small, it’s important to acknowledge two extra factors.

“Hold period plays a key role, and even in a downturn, anybody who has owned property for several years will still tend to make a profit. For owner-occupiers it’s not necessarily a cash windfall either. Indeed, most equity will just need to be recycled back into the next purchase.”

Holding out
In Q4 2024, sellers who resold for a gross profit held their properties for a median of 9 years, up from 8.6 years the previous quarter.

Mr Davidson said this could reflect caution amid softer market conditions, with many choosing to wait for more favourable opportunities.
“In some cases, particularly for investors, a target return strategy has meant holding properties longer due to the slower housing market over the past 2-3 years.

“However, it may also reflect weaker housing sentiment and greater caution, with owners opting to ride out the current soft patch before testing the market,” he said.

Losses ease
Mr Davidson said resale performance across property types suggested a turning point, with incurred losses starting to ease.

“In the fourth quarter of the year apartment resales incurred a loss on 29.5% of deals, compared to 8.3% for standalone houses.”

“Although the apartment figure clearly remains high, it dropped from 31.8% in the third quarter of last year. Whereas the ‘pain’ percentage of houses fell from 9.1% in Q3,” he said.

Falling rates to boost confidence
Looking ahead, Mr Davidson expects that lower mortgage rates will push up house prices to some extent in 2025, which will tend to strengthen the position for property resellers.

“But any turning point for house prices won’t be sudden or strong, and lingering weakness in the labour market alongside an abundance of listings should mean finance-approved buyers continue to see good opportunities,” he concluded.

Read CoreLogic’s latest Pain & Gain report at www.corelogic.co.nz/news-research/reports/pain-and-gain-report.

About CoreLogic
CoreLogic NZ is a leading, independent provider of property data and analytics. We help people build better lives by providing rich, up-to-the-minute property insights that inform the very best property decisions. Formed in 2014 following the merger of two companies that had strong foundations in New Zealand’s property industry – Terralink Ltd and PropertyIQ NZ Ltd – we have the most comprehensive property database with coverage of 99% of the NZ property market and more than 500 million decision points in our database.
We provide services across a wide range of industries, including Banking & Finance, Real Estate, Government, Insurance and Construction. Our diverse, innovative solutions help our clients identify and manage growth opportunities, improve performance and mitigate risk. We also operate consumer-facing portal propertyvalue.co.nz – providing important insights for people looking to buy or sell their home or investment property. We are a wholly owned subsidiary of CoreLogic, Inc – one of the largest data and analytics companies in the world with offices in New Zealand, Australia, the United States and United Kingdom. For more information visit corelogic.co.nz.

MIL OSI

Capture.HK is Commissioned by Actor Kwok Fung to Restore his 30 Years of Family Memories Ahead of Valentine’s Day

MIL OSI

February 12, 2025

Source: Media Outreach

Customers digitalise memories with their spouses enjoy 20% off Valentine’s Day offer

HONG KONG SAR – Media OutReach Newswire – 12 February 2025 – Capture^TM Hong Kong, a leading analogue media digitisation provider, has been commissioned by actor Kwok Fung to restore his memories with his family, friends and fellow artists in his 30 years of career.

Born in 1951, Kwok Fung is a revered actor with a career spanning television and cinema. As a graduate of TVB’s first artist training program in 1971, Kwok gained widespread acclaim for his roles in classics such as A Step Into the Past (2001), Can’t Buy Me Love (2010), and The Fearless Duo (1984). His versatility and dedication have cemented his legacy as a beloved icon in Hong Kong. With Kwok’s memories spread over diversified formats of media such as photo albums, photographs, negatives, videotapes, slides, and film reels, comprehensive expertise in handling various types of analogue media is essential to accomplish the mission.

“In addition to my actor career that brought joyful experiences with audiences, memories with my family are one of the most valuable parts of my life,” said Kwok Fung. “Thanks to Capture HK, photos and videos taken decades ago with my family, especially those with my wife, were restored, enhanced, and preserved properly in digital formats. I can now revisit those memories at a better quality easily like those moments just happened last year.”

The partnership with Kwok Fung and Watt Asia, a premier Hong Kong advertising and media company, is a testament to the commitment to preserving Hong Kong’s cultural heritage and family legacies. “Humour is the best way to connect with audiences,” said Kwong Tang, Marketing Director of Watt Asia. “Capture.HK provides a service that every Hong Kong household needs to be aware of. We’re proud of our creative approach in making this campaign both entertaining and educational.”

“At Capture.HK, we believe digitisation helps to preserve people’s memories forever, keeping them as fresh as the moment they were experienced and safe from fading and wear, added Jason Law, Chief Product Officer of Capture.HK. “Partnering with Watt Asia and Mr. Kwok, we would like to encourage everyone in Hong Kong to rediscover their youth and preserve their legacy. Through digitisation, family stories could be passed down for generations.

Valentine’s Day Offering: 20% off for Digitising Memories with Spouses

Ahead of Valentine’s Day, Capture.HK invites everyone in Hong Kong to take the first step in safeguarding moments with their spouses like Kwok Fung. Customers digitising their cherished memories with their partners in February would enjoy a 20% discount regardless of media type – no matter whether photo albums, photos, videotapes or negative films.

Don’t miss this chance to preserve your love story— digitise now!

Hashtag: #Capture.HK

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Etiqa Insurance Singapore Spreads Festive Cheer with ‘Multiply Blessings’ this Chinese New Year

MIL OSI

February 12, 2025

Source: Media Outreach

SINGAPORE – Media OutReach Newswire – 12 February 2025 – Chinese New Year is a time for togetherness, celebration, and sharing joy. Yet, amidst back-to-back gatherings and increased seasonal spending, the festivities can sometimes feel exciting and a little overwhelming¹.

Embracing the spirit of giving, Etiqa Insurance Singapore partnered with independent creative agency Blak Labs, to spread extra blessings to the community through its Multiply Blessings With You brand activation.

From January 22 to February 5, Etiqa’s very own ‘God of Fortune’ made surprise appearances at food centers across the island, delighting diners and hawker stall owners with festive red packets, mandarin oranges, and even complimentary meals! The heartwarming initiative brought smiles to many, reinforcing the spirit of generosity and togetherness.

Check out the exciting videos here:

The event received enthusiastic responses in person and online, with engaging social media content amplifying the excitement and building anticipation for each God of Fortune appearance.

View more content on Etiqa’s Instagram page (www.instagram.com/etiqasg/).

“At Etiqa, we believe that prosperity goes beyond financial security – it is about fostering meaningful connections, uplifting communities, and sharing joy. Through ‘Multiply Blessings With You’, we wanted to rekindle the true spirit of Chinese New Year by reminding everyone that the greatest blessings come from kindness, generosity, and togetherness.” – Carine Chin, Head of Corporate Marketing, Etiqa Insurance Singapore

Echoing this sentiment, Koh Hwee Peng, Creative Partner at Blak Labs, shared, “It’s been a pleasure working with Etiqa to bring this campaign to life. Their ‘With You’ spirit this festive season truly shines, spreading smiles and good fortune throughout the community.”

¹Heng, T. (2025, January 30). Commentary: Chinese New Year is exhausting, but here’s why we keep celebrating it. CNA.

Home

Hashtag: #EtiqaInsurance

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

F88 reports 2024 profit of VND351 billion, revenue jumps 23%

MIL OSI

February 12, 2025

Source: Media Outreach

HANOI, VIETNAM – Media OutReach Newswire – 12 February 2025 – F88 Investment Joint Stock Company (F88) has just announced its highest-ever consolidated after-tax profit, along with several key financial indicators that highlight the company’s rapid and sustainable recovery, following a challenging year.

F88 posts highest-ever consolidated after-tax profit in 2024. Photo courtesy of the firm.

F88, which owns 99.99 per cent of F88 Business Joint Stock Company – a leading player in Viet Nam’s alternative finance sector. This sector, which includes non-traditional lending activities, now accounts for 88.1 per cent of F88’s total revenue. Additionally, F88 holds controlling stakes in the Green House Insurance Joint Stock Company and the Ffintech Joint Stock Company.

In its latest report to investors, F88 revealed that its after-tax profit for the fourth quarter reached VND163 billion, bringing the total after-tax profit for 2024 to VND351 billion. This impressive profit growth is attributed to a surge in net revenue and the ongoing success of F88’s cost optimisation strategy.

Total revenue for 2024 stood at VND3.347 trillion, up by over 23.2 per cent compared to 2023.

The majority of this revenue – 88.1 per cent – came from asset-backed lending, primarily through motorbike and car registration-backed loans. The insurance business contributed 11.8 per cent to the overall revenue. Despite the revenue boost, F88 managed to reduce its cost income ratio (CIR) by 12.6 per cent compared to the previous year, a clear sign of enhanced operational efficiency.

F88’s total loan balance by the end of 2024 reached over VND4.58 trillion, with total disbursements hitting VND12 trillion, representing growth of 22.7 per cent and 8.5 per cent, respectively, compared to 2023. Significantly, the company reduced its net write off ratio by two-thirds, reflecting the reduction of non-performing loans.

The company also demonstrated impressive capital mobilisation, raising VND633 billion in Q4 2024 alone. F88 met 100 per cent of its obligations and commitments to investors, and its debt to equity ratio (D/E) remained below three – a level considered safe by Finn Ratings in comparison to industry averages.

Beyond financial metrics, F88’s announcement highlighted its focus on sustainable growth. A key area of success has been the expansion of its alternative finance store network, which has broadened financial access for a large customer base, particularly those who do not qualify for traditional bank loans. In Q4 2024 alone, F88 opened 39 new stores, bringing its total to 868, solidifying its position as the owner of Viet Nam’s largest state-licensed alternative finance store chain.

F88 has also placed a strong emphasis on customer service, with the company’s Customer Satisfaction Score (CSTA) for Q4 2024 reaching 87 per cent. The rate of returning customers stood at 53.6 per cent, further evidence that F88 is successfully building customer loyalty.

These achievements are the result of ongoing efforts to improve product quality, diversify financial offerings based on customer research, accelerate digital transformation, and form strategic partnerships with major players in the financial sector, such as Military Bank. Additionally, F88 has refined its debt reminder processes and customer experience initiatives.

Looking ahead to 2025, F88 plans to expand its network to 888 financial stores by the first quarter and aims for 100 per cent of stores to be profitable by the second quarter. The company will also enhance collaborations with nationwide distributors to offer motorbike and car registration-backed loans, along with other financial products, to customers across all villages and communes in Viet Nam.

https://f88.vn/english

Hashtag: #F88

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

HEIDELBERG sees clear increase in profitability in third quarter of financial year 2024/2025

MIL OSI

February 12, 2025

Source: Media Outreach

Q3 sales at previous year’s level and adjusted EBITDA margin improves significantly to 9.2 percent
Incoming orders up 8.3 percent for Q3 and 7.7 percent after nine months compared with previous year
High order backlog points to strong final quarter
Full-year forecast confirmed, adjusted EBITDA margin to rise to up to around 8 percent in FY 2025/2026
Packaging remains a growth driver
Growth strategy promises sales potential of over € 300 million in medium term

HEIDELBERG, GERMANY – Newsaktuell – 12 February 2025 – At Heidelberger Druckmaschinen AG (HEIDELBERG), key figures for the first nine months of financial year 2024/2025 (April 1 to December 31, 2024) and the third quarter (October 1 to December 31, 2024) were in line with the expected developments communicated by the company. Especially in terms of the key operating results, the third quarter of the current financial year brought significant improvements compared with the first half-year and also with the equivalent quarter of the previous year. The adjusted EBITDA margin for the third quarter was 9.2 percent (equivalent quarter of previous year: 5.7 percent), with high capacity utilization and intensified cost-cutting measures having a particularly positive impact. Sales to date during financial year 2024/2025 have increased from quarter to quarter. The figure of € 594 million for the third quarter matched the equivalent quarter of the previous year (€ 594 million). In the third quarter, incoming orders were up by some 8.3 percent at € 550 million (equivalent quarter of previous year: € 508 million). This is much better than the current developments in the mechanical and plant engineering sector as a whole. The biggest contributions were made by the EMEA region (+ 16 percent) and the Packaging Solutions segment (+ 15 percent). The high order backlog of € 903 million paves the way for a very strong final quarter.

“We have succeeded in continuously improving our sales and operating result quarter by quarter in a difficult economic environment. Thanks to our high order backlog, we can confirm that we will achieve our targets for the year” said Jürgen Otto, CEO of HEIDELBERG. “And we will drive down costs further still in the coming year by implementing our plan for the future and boosting efficiency. This cost discipline will have a positive effect on our profitability, which should improve further in the next financial year.”

Based on strong order levels, the company anticipates a clear increase in sales in the fourth quarter of the current financial year in particular. Adjusted EBITDA after nine months amounted to € 86 million (adjusted figure for equivalent period of previous year: € 135 million), and the adjusted EBITDA margin was 5.7 percent (equivalent period of previous year: 8.0 percent). The main reasons for this were the low sales volume in the first quarter and the associated high losses. Adjusted EBITDA for the third quarter of the current financial year increased to € 55 million, compared with € 34 million in the equivalent quarter of the previous year. The adjusted EBITDA margin improved significantly, from 5.7 percent to 9.2 percent. In the third quarter, net provisions amounting to € 29 million were established for the planned measures to reduce labor costs and were adjusted. Including this item, EBITDA in Q3 totaled € 26 million (previous year: € 34 million). Establishing these provisions resulted in a lower net result after taxes of € -7 million in the third quarter (equivalent quarter of previous year: € 1 million) and € -42 million after nine months (equivalent period of previous year: € 34 million).

The free cash flow after nine months was, as anticipated, € -97 million (equivalent period of previous year: € -54 million). In the third quarter, it improved significantly compared with the previous year, creeping into positive figures at € 4 million (equivalent quarter of previous year: € -26 million). “Our successful management of net working capital played a key role in achieving a positive free cash flow despite high inventories due to the order situation,” said HEIDELBERG CFO Tania von der Goltz. “The big improvements we are expecting in the results for the final quarter and the reduction of inventories by the end of the financial year will have a positive impact on the free cash flow,” she added.

Packaging segment remains a growth driver

Incoming orders in the Packaging segment increased significantly – by around 11 percent to € 959 million for the first three quarters and by some 15 percent in the third quarter. In terms of megatrends, the packaging market is first and foremost seeing a growing demand for packaging that is both sustainable and of a high quality. This is where the positioning of HEIDELBERG as a systems integrator and total solution provider is having a positive impact, helping to further expand the company’s very strong position in the packaging market. “Packaging printing is the current growth sector for the printing industry, including HEIDELBERG. In particular, the product innovation around the Boardmaster for high-volume packaging printing meets customer needs,” said David Schmedding, Chief Technology & Sales Officer at HEIDELBERG. “We are looking to successively expand our business and our portfolio in this market by using automation, robotics, and software to offer our customers integrated end-to-end solutions for the entire manufacturing process,” he explained. In the Print segment, incoming orders for the nine-month period increased by 4.4 percent to € 858 million.

Growth strategy promises sales potential of over € 300 million in medium term

To expand its market position, HEIDELBERG is increasingly tapping into growth potential in its core market – from packaging and digital printing to software and lifecycle business. The first digital presses from the cooperation with Canon are going to customers in Switzerland and Germany. This cooperation will significantly boost future sales generated by digital print solutions, including consumables, software, and service. The company is also keen to further expand its portfolio in the growing market for green technologies. This includes key areas such as high-precision plant engineering, the automotive industry, charging infrastructure and software, and new hydrogen technologies. An initial prototype of a hydrogen electrolyzer will be completed in the summer and will be showcased as part of an in-house application. The objective is to carry out development work with customers, application and technology partners, and suppliers to create a market-ready system for producing hydrogen and make this available on an industrial scale. The medium-term goal of HEIDELBERG in the electromobility market is to use Amperfied to position itself as a leading system supplier of charging solutions for use at companies and in public spaces in Europe. The company is focusing on the operation of charging infrastructure, with the aim of ensuring maximum availability and reliability, as a service with stable recurring sales. This approach is confirmed by projects with Autobahn GmbH and companies at regional level, among others. Considering all strategic initiatives in the period to financial year 2028/2029, HEIDELBERG sees overall growth potential amounting to over € 300 million, in conjunction with enhanced performance and efficiency.

Full-year forecast confirmed, adjusted EBITDA margin to rise to up to around 8 percent in FY 2025/2026

Factoring in the expectations and prerequisites published and set out in the 2023/2024 Management Report, the company still anticipates that sales for financial year 2024/2025 will match the previous year’s level (previous year: € 2,395 million). The adjusted EBITDA margin is also expected to be at the previous year’s level (previous year: 7.2 percent). The high order backlog and the ongoing focus on margins and costs provide a sound basis for achieving the targets that have been set. The implementation of the plan for the future and the efficiency improvements are having a positive impact on the profitability of HEIDELBERG, with the adjusted EBITDA margin set to improve further to up to around 8 percent in the next financial year 2025/2026.

Image material and further information about the company are available in the Investor Relations portal and Press Lounge of Heidelberger Druckmaschinen AG at www.heidelberg.com.

Hashtag: #HEIDELBERG

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

The Photo Booth Celebrates Milestone Of 10,000 Smiles Captured Across Events

MIL OSI

February 12, 2025

Source: Media Outreach

Company reaffirms its position as a leading provider of premium photo booth rental services in Singapore

SINGAPORE – Media OutReach Newswire – 12 February 2025 – The Photo Booth, a prominent provider of photo booth rental services in Singapore, has officially surpassed 10,000 smiles captured at events across the country. This milestone reflects the company’s sustained commitment to delivering high-quality, innovative, and engaging event photography solutions.

“Reaching 10,000 smiles is not just a number—it represents the countless unforgettable moments we’ve been privileged to be a part of,” said Joshua, founder at The Photo Booth. “From intimate weddings to large-scale corporate functions, our mission has always been to create fun, engaging, and memorable photo experiences for our clients and their guests.”

Since its inception, The Photo Booth has played a key role in elevating event experiences, offering a diverse range of photo booth setups tailored to corporate functions, weddings, and private celebrations.

Commitment to Innovation and Service Excellence

As the demand for experiential event elements continues to grow, The Photo Booth remains dedicated to evolving its offerings. The company provides a comprehensive selection of photo booth options, including enclosed and open-air booths, 360-degree video booths, GIF/mosaic walls, and instant printing stations, ensuring a tailored approach to every event.

Beyond its technical capabilities, the company’s commitment to customer-centric service has been instrumental in reaching this milestone. Clients benefit from free consultations, non-obligatory quotations, and dedicated event support, reinforcing The Photo Booth’s reputation for reliability and professionalism in the industry.

Looking Ahead

As The Photo Booth continues to expand its portfolio, the company remains focused on integrating advanced photography solutions, including AI-powered features, augmented reality enhancements, and real-time social media sharing capabilities. These developments align with broader industry trends emphasizing digital interactivity and personalized event experiences.

For further information, please visit www.thephotobooth.com.sg or contact [+65 8490 4439].

https://www.thephotobooth.com.sg/

Hashtag: #ThePhotoBooth

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Banyan Tree Residences Sichon: Thailand’s Southern Triangle Emerges As A Top Tourism And Investment Destination

MIL OSI

February 12, 2025

Source: Media Outreach

As Banyan Tree Residences Sichon breaks ground in Nakhon Si Thammarat, investors and travelers are recognizing the untapped potential of Thailand’s diverse coastal regions.

NAKHON SI THAMMARAT, THAILAND – Media OutReach Newswire – 12 February 2025 – Today, Banyan Tree Residences Sichon, a new ultra-luxury branded residence, is set to redefine Southern Thailand’s resort landscape. The project broke ground today at a ceremony attended by senior government officials and executives from Banyan Group and the project’s developer Urasaya Property.

Absolute Beachfront Living on Thailand’s Undiscovered Coast

Nestled along the pristine Sichon Beach, Banyan Tree Residences Sichon presents a collection of 15 private four- and five-bedroom pool villas designed with panoramic ocean views, contemporary interiors, and sustainable architecture.

The development offers private boat transfers (just 45 minutes to Koh Samui), 24-hour concierge service, exclusive spa and wellness experiences, and a beachfront clubhouse with a restaurant and bar. Through The Sanctuary Club, Banyan Group’s signature homeowners’ program, buyers gain access to a global portfolio of bespoke services, preferential rates, and exclusive lifestyle privileges.

Stuart Reading, Managing Director of Banyan Group Property Development, said: “Banyan Tree Residences Sichon provides investors and second-home buyers an opportunity to be part of an exceptional real estate development with the quality assurance of the Banyan Tree brand.”

For those looking to generate returns, Banyan Living—the group’s new rental management service—connects owners to Banyan Group’s global distribution platform, multilingual customer service, and hospitality standards to maximize rental income while maintaining impeccable property conditions.

New Tourism & Investment Hotspot

The Nakhon Si Thammarat: Tourism, Hotel & Real Estate Market Update from C9 Hotelworks highlights that the province is already on the map, welcoming 3.8 million visitors from January to November 2024, with 69% average hotel occupancy and THB 13.2 billion in tourism revenue.

With its untouched beaches, rich cultural heritage, and increasing accessibility, Nakhon Si Thammarat is being compared to Phuket’s rise three decades ago. That transformation was spearheaded by Banyan Group’s founder, KP Ho, who turned a disused tin mine into the world-renowned Laguna Phuket destination.

“It reminds me of Phuket 30 years ago,” said Ravi Chandran, Executive Director of Urasaya Property and former CEO of Laguna Phuket. “When Banyan Tree launched in Laguna Phuket, it set the stage for the tourism boom that continues today. Nakhon Si Thammarat is on a similar trajectory.”

The Future of Southern Thailand’s Coastal Market

With improved air connectivity, infrastructure investment, and rising interest from investors, Nakhon Si Thammarat is emerging as Thailand’s next sought-after coastal destination.

The North-South Super Highway is further boosting domestic travel, while Thai developers are recognizing the untapped potential of Southern Thailand’s resort markets to attract international buyers.

Pricing starts at USD 2.5 million for a Beachfront Pool Villa at Banyan Tree Residences Sichon and USD 1.9 million for an Ocean View Pool Villa. For more information please visit https://sichon.banyantreeresidences.com/.

Hashtag: #BanyanTreeResidencesSichon

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