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Press Release Database
Recent press releases, indexed by topic.
Industrial · Logistics
Logo for HUAGUANG Steam Appliances Exploring Manufacturing Processes and Product Development in the Garment Steamer Industry CALIFORNIA, CA, UNITED STATES, October 22, 2026 / EINPresswire.com / -- China, October 22, 2026 — Five companies associated with China’s garment steamer supply chain are featured in this 2026 industry review: Huaguang Electric Appliance Group Co., Ltd., Shenzhen Hsun Technology Co., Ltd., Suzho
Oct 22 · 07:48·EIN Presswire
Logistics
The 15th edition of the India Warehousing & Logistics Show (IWLS) 2026 commenced today at the Bombay Exhibition Centre in Mumbai, marking the opening of one of the industry’s key platforms for warehousing and logistics. Organised by RX India, the three-day exhibition brings together industry leaders, solution providers and decision-makers across warehousing, logistics, supply chain […]
Oct 22 · 07:22·Webnewswire
Automotive · Aerospace & defense
VOP CZ's TAROS is an autonomous and remote-controlled robotic ground vehicle designed for military logistics and support missions The Bushmaster Protected Mobility Vehicle (PMV) is a 4x4 armored infantry mobility vehicle designed by Thales Defence Australia, with licenced production to VOP CZ PRAGUE, October 22, 2026 --(
Oct 22 · 07:00·Business Wire
Logistics · Construction & engineering
Verified profiles on Clutch, GoodFirms, and 28 more platforms show how Bacancy Technology's senior data architects assess, plan, and modernize enterprise data warehouses for regulated industries.
Oct 22 · 07:00·24-7 Press Release
Automotive · Logistics
National auto transport provider earns a 4.6-star Forbes Advisor rating, backed by a BBB A+ rating and more than 32,000 five-star customer reviews.
National auto transport provider earns a 4.6-star Forbes Advisor rating, backed by a BBB A+ rating and more than 32,000 five-star customer reviews.
Oct 22 · 06:36·GlobeNewswire
Logistics
The logistics finance market is gaining importance as businesses seek efficient financial solutions to manage transportation, warehousing, inventory, freight payments, and supply chain operations. Logistics finance encompasses a range of financial services and technologies that support logistics providers, freight forwarders, ...
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Oct 22 · 06:16·PR News Releaser
Industrial · Logistics
VULCAN Prisma Roma clear polycarbonate pergola roof diffusing daylight over a backyard patio VULCAN Prisma Roma blue corrugated polycarbonate sheet with prismatic texture VULCAN Prisma Roma polycarbonate skylights and canopy on an industrial warehouse roof VULCAN Prisma Roma combines diffused daylight, glare reduction, impact resistance, and a lightweight design for outdoor roofing applications. TAIPEI, TAIWAN, Octob
Oct 22 · 05:22·EIN Presswire
Real estate · Energy
Weather forecasts shape more than daily plans; timely weather information is crucial for energy producers, insurers and transport operators to plan around changing conditions. A global forecast can show a storm taking shape, but decisions about solar farms, shipping routes or insured property depend on what happens locally. NVIDIA Earth-2 gives developers and researchers a […]
Oct 22 · 05:00·NVIDIA
Logistics · Legal
Ecology Auto Parts, Inc., a provider of auto-wrecking and logistics services, allegedly failed to provide employees with accurate wages due to missed meals and break breaks. This allegedly resulted in violations of various California Labor Codes. **THIS IS AN ATTORNEY ADVERTISEMENT** SAN...
Oct 22 · 01:00·PR Newswire
Finance · Industrial
Data Visualization: multi-year defense contracts worth several million euros
Power Supplies: major defense contract in the lower single-digit millions (USD) range
Revenue contributions starting in fiscal year 2026/2027
GERMERING, GERMANY - October 21, 2026 - FORTEC Group, a leading provider of solutions in the fields of data visualization and power supplies, has secured a number of new contracts in the defense sector, thereby expanding and strengthening its position in this dynamic market.
In detail, FORTEC Benelux, the Dutch subsidiary of FORTEC AG, has won two significant multi-year contracts with a combined value of several million euros with customers in the defense industry. The agreements cover the development, qualification, and series supply of customized display solutions designed to meet demanding military and environmental requirements.
Revenue contributions are expected to begin in the current fiscal year 2026/2027 and continue over the coming years, providing a solid foundation for sustainable business growth.
FORTEC Benelux, headquartered in Oosterhout, the Netherlands, specializes in industrial display solutions for challenging operating environments, particularly maritime applications. A key competitive advantage is FORTEC Benelux’s ability to develop and qualify customer-specific display solutions in-house. To execute the projects, the company will collaborate closely with FORTEC Integrated, leveraging complementary expertise in display and embedded computing technologies. This cooperation highlights the strength of the FORTEC Group’s integrated capabilities and its ability to deliver comprehensive solutions for demanding applications.
Moreover, FORTEC Power has secured a major contract in the defense sector within the power supply segment. The contract is in the low single-digit millions (USD), although revenue from this contract will not be recognized until calendar year 2028 (and thus in FORTEC Group‘s fiscal years 2027/2028 and 2028/2029).
The new contracts mark an important milestone in expanding the presence of the FORTEC Group in the defense sector, which is becoming an increasingly significant strategic growth market.
“Against the backdrop of increasing European defense investments, we see substantial opportunities for further growth in this market. The newly awarded contracts demonstrate the technological competence of the FORTEC Group, strengthen our position within the European defense supply chain, and support our strategy of expanding into attractive, high-value market segments,” comments Michael Spatny, COO of FORTEC AG.
FORTEC Elektronik Aktiengesellschaft | Augsburger Str. 2b | 82110 Germering | Germany
Phone: +49 89 894450 232
aktie@fortecag.de | www.fortecag.de
FORTEC Elektronik Aktiengesellschaft (ISIN: DE0005774103, WKN: 577410), based in Germering, was founded in 1984 as an internationally active distributor of standard solutions in the fields of power supplies, embedded systems and displays. In addition, the FORTEC Group now offers customised developments and complete system designs. Since April 2020, FORTEC Elektronik Aktiengesellschaft has acted as a holding company responsible for managing the affiliated companies, the Group’s strategy and key aspects of administration. The FORTEC Group has sites in Germany, Switzerland, the Netherlands, the United Kingdom, the United States of America, the Czech Republic and Egypt.
Oct 21 · 21:10·NewMediaWire
Finance · Retail
Preliminary financial results for the first nine months continue to be characterised by weak consumer and market trends
Consistent implementation of the measures under the FOCUS performance program and the associated cost-cutting program
Reduction of the Management Board to two members
Continuation of growth initiatives in the final quarter
Forecast for the full year 2026 adjusted
NASSAU, GERMANY - October 21, 2026 - The Management Board of Leifheit AG (ISIN DE0006464506) has today reassessed its expectations for the full year 2026 based on the preliminary financial results for the first nine months of 2026, and in the light of the accelerated implementation of the FOCUS performance program and the early termination of the employment contract of the Chief Operating Officer with effect from 31 December 2026.
Preliminary financial results for the first nine months of 2026
Despite a market environment that continues to be characterised by decline, Leifheit was able to gain market share in its core business and strengthen its competitive position. However, the continuing noticeable consumer reluctance weighed on demand and led to a decline in turnover in the third quarter as well. According to preliminary calculations, the Leifheit Group generated turnover of EUR 169.1 million in the first nine months of the 2026 financial year (9M 2025: EUR 179.0 million).
Group earnings before interest and taxes (EBIT) amounted to EUR -2.9 million (9M 2025: EUR 5.4 million). Earnings inlcude special items from the FOCUS program amounting to EUR 2.0 million. In the third quarter of 2026, Group EBIT stood at EUR -0.2 million (Q3 2025: EUR 3.4 million).
2026 Forecast
Against the backdrop of continued market decline, the Management Board is slightly adjusting its forecast for Group turnover in the 2026 financial year. Despite positive momentum in the fourth quarter, a decline in turnover in the mid-single-digit percentage range compared with the previous year (EUR 232.6 million) is now expected.
The Management Board now expects Group EBIT to be between EUR -5 and -6 million. Previously, EBIT of EUR 0 million had been anticipated. The forecast result includes special items of approximately EUR 7 million relating to the implementation of the FOCUS performance program and provisions in connection with the early termination of the contract of the Chief Operating Officer. Excluding these one-off effects, EBIT before special items is now expected to be around EUR 1 to 2 million.
Free cash flow for the full year 2026 is expected to be between EUR -1 and -2 million. Most recently, a figure of EUR 0 million had been anticipated (previous year: EUR 6.4 million).
Reduction in the size of the Management Board
The Supervisory Board has resolved to reduce the size of the Mangaement Board of Leifheit AG from three to two members. Igor Iraeta Munduate (Chief Operating Officer) and the Supervisory Board of Leifheit AG have mutually agreed to the early termination of his employment as of 31 December 2026.
Stefan De Loecker, Chairman of the Supervisory Board of Leifheit AG, explains: “Consolidating responsibilities at Management Board level streamlines decision-making processes, increases organisational agility and contributes to sustainable cost reduction. Over the past few years, Mr Iraeta Munduate has played a key role in further developing the Operations division and driving important initiatives in the areas of efficiency, the supply chain and digitalisation. Mr Iraeta Munduate has thus made a significant contribution to the company’s competitiveness. We thank him for this, as well as for his great commitment, and wish him all the best for his personal and professional future.”
Accelerated implementation of the FOCUS performance program
Alexander Reindler, CEO of Leifheit AG, explains: “Precisely because the market environment remains challenging, we are accelerating Leifheit’s transformation. The implementation of the measures under the FOCUS performance program for the structural transformation of the Group and the associated cost-cutting program is proceeding according to plan. We will continue to pursue the strategic initiatives we have launched consistently in the fourth quarter of the 2026 financial year.”
FOCUS lays the foundation for a sustainably improved level of profitability for the Group. In particular, the program comprises the introduction of a new operating model, the streamlining of Group structures, the targeted digitalisation of key processes and the reduction of staff numbers. The implementation of the program will result in one-off personnel and non-personnel expenses totalling up to EUR 9.6 million.
This will be offset by initial positive effects from the 2027 financial year onwards and, from the 2028 financial year onwards, by permanent recurring annual cost savings expected to exceed EUR 8 million. Essentially, the FOCUS program lays the foundations for a sustainable strengthening of the Group’s competitiveness and profitability in the coming years.
In parallel with the organisational transformation, Leifheit is continuing to drive forward the brand relaunch that has already begun. To this end, product presentation at the Point of Sale - both in-store and online - is being consistently modernised, and the marketing of innovations is being tailored to changing consumer needs. By implementing these strategic initiatives, Leifheit is laying the foundations for a more efficient organisation, greater competitiveness and a sustainable improvement in profitability in the coming years.
About Leifheit
Leifheit AG, founded in 1959, is one of the leading European brand suppliers of household items. The Leifheit Group divides its operating business into the Household, Wellbeing and Private Label segments. Leifheit and Soehnle products – two of Germany’s best-known household brands - are known for high quality and great utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods and wellbeing. More information on Leifheit is available online at www.leifheit-group.com, www.leifheit.de and www.soehnle.de.
Leifheit AG
D-56377 Nassau
ir@leifheit.com
+49 2604 977218
Oct 21 · 20:56·NewMediaWire
Finance · Logistics
Accelerates scale and continued growth of the Cancoil business in Canada and the U.S. SWORDS, Ireland, October 21, 2026--Trane Technologies (NYSE: TT), a global climate innovator, today announced it has entered into a definitive agreement to acquire Cancoil Thermal Corporation, a leading North American
Oct 21 · 20:30·Business Wire