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UPS RELEASES 4Q 2023 EARNINGS

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  • Consolidated Revenues of $24.9B, Compared to $27.0B Last Year
  • Consolidated Operating Margin of 9.9%; Adjusted* Consolidated Operating Margin of 11.2%
  • Diluted EPS of $1.87; Adj. Diluted EPS of $2.47, Compared to $3.62 Last Year
  • Declares a Quarterly Dividend of $1.63, a $0.01 Increase Per Share

ATLANTA – January 30, 2024 – UPS (NYSE:UPS) today announced fourth-quarter 2023 consolidated revenues of $24.9 billion, a 7.8% decrease from the fourth quarter of 2022. Consolidated operating profit was $2.5 billion, down 22.5% compared to the fourth quarter of 2022, and down 27.1% on an adjusted basis. Diluted earnings per share were $1.87 for the quarter; adjusted diluted earnings per share of $2.47 were 31.8% below the same period in 2022. 

For the fourth quarter of 2023, GAAP results include a total charge of $512 million, or $0.60 per diluted share, comprised of a non-cash, after-tax mark-to-market (MTM) pension charge of $274 million, after-tax transformation and other charges of $154 million, and a non-cash, after-tax impairment charge of $84 million related to our Coyote trade name in our truckload brokerage unit.

“I want to thank UPSers for providing the best on-time performance of any carrier for the sixth year in a row,” said Carol Tomé, UPS chief executive officer. “2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth.”

U.S. Domestic Segment

4Q 2023 Adjusted4Q 2023 4Q 2022 Adjusted4Q 2022
Revenue $16,915 M $18,252 M
Operating profit $1,437 M $1,569 M $1,840 M $2,328 M
  • Revenue decreased 7.3%, driven by a 7.4% decrease in average daily volume.
  • Operating margin was 8.5%; adjusted operating margin was 9.3%.

International Segment

4Q 2023 Adjusted4Q 2023 4Q 2022 Adjusted4Q 2022
Revenue $4,606 M $4,950 M
Operating profit $890 M $899 M $1,020 M $1,091 M
  • Revenue decreased 6.9%, driven by an 8.3% decrease in average daily volume primarily due to softness in Europe.
  • Operating margin was 19.3%; adjusted operating margin was 19.5%.

Supply Chain Solutions1

4Q 2023 Adjusted4Q 2023 4Q 2022 Adjusted4Q 2022
Revenue $3,396 M $3,831 M
Operating profit $150 M $319 M $335 M $403 M

1 Consists of operating segments that do not meet the criteria of a reportable segment under ASC Topic 280 – Segment Reporting.

  • Revenue decreased 11.4% due primarily to market rate declines and excess market capacity in forwarding.
  • Operating margin was 4.4%; adjusted operating margin was 9.4%.

Full-Year 2023 Consolidated Results

  • Revenue was $91.0 billion, a decrease of 9.3%.
  • Operating profit of $9.1 billion; adjusted operating profit of $9.9 billion, down 28.7%.
  • Operating margin was 10.0%; adjusted operating margin was 10.9%.
  • Diluted EPS totaled $7.80; adjusted diluted EPS of $8.78.
  • Adjusted return on invested capital was 21.9%.
  • Cash from operations was $10.2 billion and free cash flow was $5.3 billion.

In addition, the Company returned $7.6 billion of cash to shareowners through dividends and share buybacks.

Dividend Declaration

For the 15th consecutive year, the UPS Board of Directors has approved an increase to the company’s quarterly dividend. UPS will pay a first-quarter 2024 dividend of $1.63 per share on all outstanding Class A and Class B shares. The dividend is payable March 8, 2024 to shareowners of record on February 20, 2024.

2024 Outlook

The company provides certain guidance on an adjusted (non-GAAP) basis because it is not possible to predict or provide a reconciliation reflecting the impact of future pension adjustments or other unanticipated events, which would be included in reported (GAAP) results and could be material.

For the full year 2024, UPS expects revenue to range from approximately $92.0 billion to $94.5 billion and consolidated adjusted operating margin to range from approximately 10.0% to 10.6%.

The company is planning capital expenditures of about $4.5 billion and dividend payments of around $5.4 billion, subject to board approval. The effective tax rate is expected to be around 23.5%.

* “Adjusted” or “Adj.” amounts are non-GAAP financial measures. See the appendix to this release for a discussion of non-GAAP financial measures, including a reconciliation to the most closely correlated GAAP measure.

Contacts:

UPS Media Relations: 404-828-7123 or pr@ups.com

UPS Investor Relations: 404-828-6059 (option 4) or investor@ups.com

# # #

Conference Call Information

UPS CEO Carol Tomé and CFO Brian Newman will discuss fourth-quarter results with investors and analysts during a conference call at 8:30 a.m. ET, January 30, 2024. That call will be open to others through a live Webcast. To access the call, go to www.investors.ups.com and click on “Earnings Conference Call.” Additional financial information is included in the detailed financial schedules being posted on www.investors.ups.com under “Quarterly Earnings and Financials” and as furnished to the SEC as an exhibit to our Current Report on Form 8-K.

About UPS

UPS (NYSE: UPS) is one of the world’s largest companies, with 2023 revenue of $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at www.ups.com, about.ups.com and www.investors.ups.com.

Forward-Looking Statements

This release, our Annual Report on Form 10-K for the year ended December 31, 2022 and our other filings with the Securities and Exchange Commission contain and in the future may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than those of current or historical fact, and all statements accompanied by terms such as “will,” “believe,” “project,” “expect,” “estimate,” “assume,” “intend,” “anticipate,” “target,” “plan,” and similar terms, are intended to be forward-looking statements. Forward-looking statements are made subject to the safe harbor provisions of the federal securities laws pursuant to Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.

From time to time, we also include written or oral forward-looking statements in other publicly disclosed materials. Forward-looking statements may relate to our intent, belief, forecasts of, or current expectations about our strategic direction, prospects, future results, or future events; they do not relate strictly to historical or current facts. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any forward-looking statements because such statements speak only as of the date when made and the future, by its very nature, cannot be predicted with certainty.

Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or anticipated results. These risks and uncertainties, include, but are not limited to the impact of: continued uncertainties related to the COVID-19 pandemic; changes in general economic conditions, in the U.S. or internationally; industry evolution and significant competition; changes in our relationships with any of our significant customers; our ability to attract and retain qualified employees; strikes, work stoppages or slowdowns by our employees; results of negotiations and ratifications of labor contracts; our ability to maintain our brand image and corporate reputation; increased or more complex physical security requirements; a significant data breach or information technology system disruption; global climate change; interruptions in or impacts on our business from natural or man-made events or disasters including terrorist attacks, epidemics or pandemics; exposure to changing economic, political and social developments in international markets; our ability to realize the anticipated benefits from acquisitions, dispositions, joint ventures or strategic alliances; changing prices of energy, including gasoline, diesel and jet fuel, or interruptions in supplies of these commodities; changes in exchange rates or interest rates; our ability to accurately forecast our future capital investment needs; significant expenses and funding obligations relating to employee health, retiree health and/or pension benefits; our ability to manage insurance and claims expenses; changes in business strategy, government regulations, or economic or market conditions that may result in impairments of our assets; potential additional U.S. or international tax liabilities; increasingly stringent laws and regulations, including relating to climate change; potential claims or litigation related to labor and employment, personal injury, property damage, business practices, environmental liability and other matters; and other risks discussed in our filings with the Securities and Exchange Commission from time to time, including our Annual Report on Form 10-K for the year ended December 31, 2022, and subsequently filed reports. You should consider the limitations on, and risks associated with, forward-looking statements and not unduly rely on the accuracy of predictions contained in such forward-looking statements. We do not undertake any obligation to update forward-looking statements to reflect events, circumstances, changes in expectations, or the occurrence of unanticipated events after the date of those statements, except as required by law.

From time to time, we expect to participate in analyst and investor conferences. Materials provided or displayed at those conferences, such as slides and presentations, may be posted on our investor relations website at www.investors.ups.com under the heading ”Presentations” when made available. These presentations may contain new material nonpublic information about our company and you are encouraged to monitor this site for any new posts, as we may use this mechanism as a public announcement.

Reconciliation of GAAP and Non-GAAP Financial Measures

We supplement the reporting of our financial information determined under generally accepted accounting principles (”GAAP”) with certain non-GAAP financial measures.

Adjusted financial measures should be considered in addition to, and not as an alternative for, our reported results prepared in accordance with GAAP. Our adjusted financial measures do not represent a comprehensive basis of accounting and therefore may not be comparable to similarly titled measures reported by other companies.

Forward-Looking Non-GAAP Metrics

From time to time when presenting forward-looking non-GAAP metrics, we are unable to provide quantitative reconciliations to the most closely correlated GAAP measure due to the uncertainty in the timing, amount or nature of any adjustments, which could be material in any period.

Changes in Foreign Currency Exchange Rates and Hedging Activities

We supplement the reporting of revenue, revenue per piece and operating profit with adjusted measures that exclude the period-over-period impact of foreign currency exchange rate changes and hedging activities. We believe currency-neutral revenue, revenue per piece and operating profit information allows users of our financial statements to understand growth trends in our products and results. We evaluate the performance of International Package and Supply Chain Solutions on this currency-neutral basis.

Currency-neutral revenue, revenue per piece and operating profit are calculated by dividing current period reported U.S. Dollar revenue, revenue per piece and operating profit by the current period average exchange rates to derive current period local currency revenue, revenue per piece and operating profit. The derived amounts are then multiplied by the average foreign currency exchange rates used to translate the comparable results for each month in the prior year period (including the period-over-period impact of foreign currency hedging activities). The difference between the current period reported U.S. Dollar revenue, revenue per piece and operating profit and the derived current period U.S. Dollar revenue, revenue per piece and operating profit is the period-over-period impact of currency fluctuations.

Incentive Compensation Program Design Changes

During 2022, we completed certain structural changes to the design of our incentive compensation programs that resulted in a one-time, non-cash charge in connection with the accelerated vesting of certain equity incentive awards that we do not expect to repeat. We supplement the presentation of our operating profit, operating margin, income before income taxes, net income and earnings per share with non-GAAP measures that exclude the impact of these changes. We believe excluding the impacts of such changes allows users of our financial statements to more appropriately identify underlying growth trends in compensation and benefits expense.

Long-lived Asset Estimated Residual Value Changes

During the fourth quarter of 2022, we incurred a one-time, non-cash charge resulting from a reduction in the estimated residual value of our MD-11 fleet. We supplement the presentation of our operating profit, operating margin, income before income taxes, net income and earnings per share with non-GAAP measures that exclude the impact of this charge. We believe excluding the impact of this charge better enables users of our financial statements to understand the ongoing cost associated with our long-lived assets.

Transformation Charges, and Goodwill, Asset Impairment and Divestiture Charges

We supplement the presentation of our operating profit, operating margin, income before income taxes, net income and earnings per share with non-GAAP measures that exclude the impact of charges related to transformation activities, and goodwill, asset impairment and divestiture charges. We believe excluding the impact of these charges better enables users of our financial statements to view and evaluate underlying business performance from the perspective of management. We do not consider these costs when evaluating the operating performance of our business units, making decisions to allocate resources or in determining incentive compensation awards. 

One-Time Compensation Payment

We supplement the presentation of our operating profit, operating margin, income before income taxes, net income and earnings per share with non-GAAP measures that exclude the impact of a one-time payment made to certain U.S.-based, non-union part-time supervisors following the ratification of our labor agreement with the Teamsters. We do not expect this or similar payments to recur. We believe excluding the impact of this one-time payment better enables users of our financial statements to view and evaluate underlying business performance from the same perspective as management.

Defined Benefit Pension and Postretirement Medical Plan Gains and Losses

We recognize changes in the fair value of plan assets and net actuarial gains and losses in excess of a 10% corridor (defined as 10% of the greater of the fair value of plan assets or the plan’s projected benefit obligation), as well as gains and losses resulting from plan curtailments and settlements, for our pension and postretirement defined benefit plans immediately as part of Investment income and other in the statements of consolidated income. We supplement the presentation of our income before income taxes, net income and earnings per share with adjusted measures that exclude the impact of these gains and losses and the related income tax effects. We believe excluding these defined benefit pension and postretirement medical plan gains and losses provides important supplemental information by removing the volatility associated with plan amendments and short-term changes in market interest rates, equity values and similar factors.

Free Cash Flow

We calculate free cash flow as cash flows from operating activities less capital expenditures, proceeds from disposals of property, plant and equipment, and plus or minus the net changes in other investing activities. We believe free cash flow is an important indicator of how much cash is generated by our ongoing business operations and we use this as a measure of incremental cash available to invest in our business, meet our debt obligations and return cash to shareowners.

Adjusted Return on Invested Capital

Adjusted ROIC is calculated as the trailing twelve months (“TTM”) of adjusted operating income divided by the average of total debt, non-current pension and postretirement benefit obligations and shareowners’ equity, at the current period end and the corresponding period end of the prior year. Because adjusted ROIC is not a measure defined by GAAP, we calculate it, in part, using non-GAAP financial measures that we believe are most indicative of our ongoing business performance. We consider adjusted ROIC to be a useful measure for evaluating the effectiveness and efficiency of our long-term capital investments.

Adjusted Total Debt / Adjusted EBITDA

Adjusted total debt is defined as our long-term debt and finance leases, including current maturities, plus non-current pension and postretirement benefit obligations. Adjusted EBITDA is defined as earnings before interest, taxes, depreciation and amortization adjusted for the impacts of incentive compensation program redesign, one-time compensation, goodwill & asset impairment charges, transformation and other costs, defined benefit plan gains and losses and other income. We believe the ratio of adjusted total debt to adjusted EBITDA is an important indicator of our financial strength, and is a ratio used by third parties when evaluating the level of our indebtedness.

Reconciliation of GAAP and Non-GAAP Income Statement Items

(in millions, except per share data):

Three months ended December 31, 2023
As Reported (GAAP) Pension Adj.(1) Asset Impairment Charges(2) Transformation & Other Adj.(3) As Adjusted(Non-GAAP)
U.S. Domestic Package $               15,478 $                        — $                       — $                    132 $               15,346
International Package                    3,716                            —                          —                            9                    3,707
Supply Chain Solutions                    3,246                            —                        111                          58                    3,077
Operating Expense                  22,440                            —                        111                        199                  22,130
U.S. Domestic Package                    1,437                            —                          —                        132                    1,569
International Package                        890                            —                          —                            9                        899
Supply Chain Solutions                        150                            —                        111                          58                        319
Operating Profit                    2,477                            —                        111                        199                    2,787
Other Income and (Expense):
Other pension income (expense)                      (293)                         359                          —                          —                          66
Investment income (expense) and other                          86                            —                          —                          —                          86
Interest expense                      (207)                            —                          —                          —                      (207)
Total Other Income (Expense)                      (414)                         359                          —                          —                        (55)
Income Before Income Taxes                    2,063                         359                        111                        199                    2,732
Income Tax Expense                        458                           85                          27                          45                        615
Net Income $                 1,605 $                      274 $                      84 $                    154 $                 2,117
Basic Earnings Per Share $                   1.88 $                    0.32 $                   0.10 $                   0.18 $                   2.47
Diluted Earnings Per Share $                   1.87 $                    0.32 $                   0.10 $                   0.18 $                   2.47
(1) Net mark-to-market loss recognized outside of a 10% corridor on company-sponsored defined benefit pension and postretirement plans.
(2) Represents an indefinite-lived intangible asset impairment charge.
(3) Reflects other employee benefits costs of $159 million and other costs of $40 million.

Reconciliation of GAAP and Non-GAAP Income Statement Items

(in millions, except per share data):

Twelve Months Ended December 31, 2023
As Reported (GAAP) Pension Adj.(1) One-Time Compensation(2) Goodwill & Asset Impairment Charges(3) Transformation & Other Adj.(4) As Adjusted(Non-GAAP)
U.S. Domestic Package $     54,882 $             — $                         61 $                  — $                    266 $         54,555
International Package        14,600                 —                             —                     —                         51             14,549
Supply Chain Solutions        12,335                 —                             —                  236                       118             11,981
Operating Expense        81,817                 —                            61                  236                       435             81,085
U.S. Domestic Package           5,076                 —                            61                     —                       266               5,403
International Package           3,231                 —                             —                     —                         51               3,282
Supply Chain Solutions              834                 —                             —                  236                       118               1,188
Operating Profit           9,141                 —                            61                  236                       435               9,873
Other Income and (Expense):
Other pension income (expense)              (95)              359                             —                     —                          —                  264
Investment income (expense) and other              312                 —                             —                     —                          —                  312
Interest expense            (785)                 —                             —                     —                          —                (785)
Total Other Income (Expense)            (568)              359                             —                     —                          —                (209)
Income Before Income Taxes           8,573              359                            61                  236                       435               9,664
Income Tax Expense           1,865                85                            15                    43                       102               2,110
Net Income $       6,708 $           274 $                         46 $               193 $                    333 $            7,554
Basic Earnings Per Share $         7.81 $         0.32 $                     0.05 $              0.22 $                   0.40 $              8.80
Diluted Earnings Per Share $         7.80 $         0.32 $                     0.05 $              0.22 $                   0.39 $              8.78
(1) Net mark-to-market loss recognized outside of a 10% corridor on company-sponsored defined benefit pension and postretirement plans.
(2) Represents a one-time payment of $61 million to certain U.S.-based non-union part-time supervisors.
(3) Reflects impairment charges of $125 and $111 million in respect of goodwill and an indefinite-lived intangible asset, respectively.
(4) Reflects other employee benefits costs of $337 million and other costs of $98 million.

Reconciliation of Currency Adjusted Revenue, Revenue Per Piece,

and Adjusted Operating Profit

(in millions, except per piece data)

Three Months Ended December 31,
2023As Reported(GAAP) 2022As Reported(GAAP) % Change(GAAP) CurrencyImpact 2023CurrencyNeutral(Non-GAAP)(1) % Change(Non-GAAP)
Average Revenue Per Piece:
International Package:
   Domestic $            8.11 $            7.55 7.4 % $     (0.15) $               7.96 5.4 %
   Export             32.41             32.39 0.1 %        (0.22)                32.19 (0.6) %
      Total International Package $          20.68 $          20.06 3.1 % $     (0.19) $             20.49 2.1 %
Consolidated $          13.11 $          13.04 0.5 % $     (0.02) $             13.09 0.4 %
Revenue:
  U.S. Domestic Package $        16,915 $        18,252 (7.3) % $          — $           16,915 (7.3) %
  International Package             4,606             4,950 (6.9) %           (41)                4,565 (7.8) %
  Supply Chain Solutions             3,396             3,831 (11.4) %           (24)                3,372 (12.0) %
  Total revenue $        24,917 $        27,033 (7.8) % $        (65) $           24,852 (8.1) %
2023As Adjusted(Non-GAAP) 2022As Adjusted(Non-GAAP) % Change(Non-GAAP) CurrencyImpact 2023As AdjustedCurrencyNeutral(Non-GAAP)(1) % Change(Non-GAAP)
As Adjusted Operating Profit(2):
  U.S. Domestic Package $             1,569 $             2,328 (32.6) % $          — $             1,569 (32.6) %
  International Package                   899                1,091 (17.6) %             18                   917 (15.9) %
  Supply Chain Solutions                   319                   403 (20.8) %             (7)                   312 (22.6) %
  Total operating profit $             2,787 $             3,822 (27.1) % $          11 $             2,798 (26.8) %

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences.

(2) Amounts adjusted for transformation & other.

Reconciliation of Currency Adjusted Revenue, Revenue Per Piece,

and Adjusted Operating Profit

(in millions, except per piece data)

Twelve Months Ended December 31,
2023As Reported(GAAP) 2022As Reported(GAAP) % Change(GAAP) CurrencyImpact 2023CurrencyNeutral(Non-GAAP)(1) % Change(Non-GAAP)
Average Revenue Per Piece:
International Package:
   Domestic $            7.78 $            7.46 4.3 % $       0.07 $               7.85 5.2 %
   Export             33.03             34.48 (4.2) %          0.19                33.22 (3.7) %
      Total International Package $          20.71 $          20.91 (1.0) % $       0.13 $             20.84 (0.3) %
Consolidated $          13.62 $          13.38 1.8 % $       0.02 $             13.64 1.9 %
Revenue:
  U.S. Domestic Package $        59,958 $        64,209 (6.6) % $          — $           59,958 (6.6) %
  International Package           17,831           19,698 (9.5) %           111               17,942 (8.9) %
  Supply Chain Solutions           13,169           16,431 (19.9) %               9              13,178 (19.8) %
  Total revenue $        90,958 $      100,338 (9.3) % $        120 $           91,078 (9.2) %
2023As Adjusted(Non-GAAP) 2022As Adjusted(Non-GAAP) % Change(Non-GAAP) CurrencyImpact 2023As AdjustedCurrencyNeutral(Non-GAAP)(1) % Change(Non-GAAP)
As Adjusted Operating Profit(2):
  U.S. Domestic Package $             5,403 $             7,574 (28.7) % $          — $             5,403 (28.7) %
  International Package                3,282                4,419 (25.7) %           133                3,415 (22.7) %
  Supply Chain Solutions                1,188                1,860 (36.1) %             (9)                1,179 (36.6) %
  Total operating profit $             9,873 $           13,853 (28.7) % $        124 $             9,997 (27.8) %

(1) Amounts adjusted for period over period foreign currency exchange rate and hedging differences.

(2) Amounts adjusted for transformation & other.

Reconciliation of Free Cash Flow (Non-GAAP measure)

(in millions):

Twelve Months Ended December 31,
2023
Cash flows from operating activities $                           10,238
Capital expenditures                               (5,158)
Proceeds from disposals of property, plant and equipment                                    193
Other investing activities                                    (19)
   Free Cash Flow (Non-GAAP measure) $                             5,254

Reconciliation of Adjusted Debt to Adjusted EBITDA (Non-GAAP measure)

(in millions):

TTM(1) Ended
December 31
2023
Net income $                  6,708
Add back:
Income tax expense                      1,865
Interest expense                         785
Depreciation & amortization                      3,366
EBITDA $                12,724
Add back (deduct):
Incentive compensation program redesign                            —
One-time compensation                           61
Goodwill & asset impairment charges                         236
Transformation and other                         435
Defined benefit plan (gains) and losses                         359
Investment income and other pension income                       (576)
Adjusted EBITDA $                13,239
Debt and finance leases, including current maturities $                22,264
Add back:
Non-current pension and postretirement benefit obligations                      6,159
Adjusted total debt $                28,423
Adjusted total debt/Net income                        4.24
Adjusted total debt/adjusted EBITDA (Non-GAAP)                        2.15

  (1) Trailing twelve months.

Reconciliation of Adjusted Return on Invested Capital (Non-GAAP measure)

(in millions):

TTM(1) Ended
December 31
2023
Net income $                          6,708   
Add back (deduct):
Income tax expense                             1,865   
Interest expense                                785   
Other pension (income) expense                                   95   
Investment (income) expense and other                               (312)
Operating profit $                          9,141   
Incentive compensation program redesign                                   —    
Long-lived asset estimated residual value changes                                   —    
One-time compensation                                   61   
Goodwill & asset impairment charges                                236   
Transformation and other                                435   
Adjusted operating profit $                          9,873   
Average debt and finance leases, including current maturities                           20,963   
Average pension and postretirement benefit obligations                             5,483   
Average shareowners’ equity                           18,558   
Average invested capital $                       45,004   
Net income to average invested capital 14.9 %
Adjusted Return on Invested Capital (Non-GAAP) 21.9 %

(1) Trailing twelve months.

Kontaktinformation

Shenique Edwards, Kommunikationsansvarig, UPS Storbritannien, Irland och Norden.
e-post: 
sheniqueedwards@ups.com  

Om UPS

UPS (NYSE: UPS) är ett av världens största paketleveransföretag med en omsättning på 84,6 miljarder dollar (2020). UPS erbjuder ett brett utbud av integrerade logistiklösningar för kunder i mer än 220 länder och områden världen över. Företaget har över 540 000 anställda och mottot ”Moving our world forward by delivering what matters”, där vi alla arbetar efter strategin: Customer First. People Led. Innovation Driven. UPS har åtagit sig att minska sin miljöpåverkan och stödja de samhällen vi arbetar för runt om i världen. UPS arbetar även aktivt med mångfald, jämlikhet och inkludering. Företaget finns på ups.com, med mer information på about.ups.com och investors.ups.com/

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Hamlet BioPharma bjuder in till pressträff

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Med anledning bolagets delårsrapport bjuder Hamlet BioPharma in till en livesänd digital pressträff torsdagen den 22 februari klockan 12.00. På pressträffen kommer ordförande Catharina Svanborg att gå igenom utvecklingen för det brutna räkenskapsårets andra kvartal och även bolagets väg framåt.

Klicka på länken nedan för att delta på pressträffen.

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Under pressträffen finns möjlighet att ställa frågor i sändningens kommentarsfält. Har du frågor redan nu går det bra att maila dem till: mats.jonsson@investortarget.se

För mer information, vänligen kontakta

Catharina Svanborg, Styrelseordförande, Hamlet BioPharma AB, +46 709 42 65 49

catharina.svanborg@hamletpharma.com

Martin Erixon, CEO, Hamlet BioPharma AB, +46 733 00 43 77

martin.erixon@hamletpharma.com

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Marknadsnyheter

Kiruna och Uppsala vill bli kulturhuvudstad

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I dag, onsdag den 21 februari, hölls en presskonferens på Kulturrådet där juryn som utsetts av Europeiska kommissionen tillkännagav att båda städerna går vidare i ansökan om att bli europeisk kulturhuvudstad 2029.

Juryordförande Else Christensen-Redzepovic från Danmark meddelade juryns beslut att de gärna ser att de båda städerna lämnar in en andra, kompletterande ansökan. Vilken stad som sedan utses till kulturhuvudstad 2029 kommer att beslutas av juryn och meddelas under en presskonferens i december 2024.

Utnämningen av europeisk kulturhuvudstad är en angelägenhet för hela Sverige och viktigt för svenskt kulturliv. Positionerna flyttas fram samtidigt som relationer stärks – både lokalt, nationellt och i Europa, säger Kulturrådets generaldirektör Kajsa Ravin.

För Sverige blir det tredje gången en av våra städer utnämns till kulturhuvudstad. 1998 fick Stockholm titeln som kulturhuvudstad och 2014 fick två europeiska städer denna titel – Umeå i Sverige och Riga i Lettland. För 2029 kommer en svensk och en polsk stad att utnämnas till europeisk kulturhuvudstad.

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Kiruna och Uppsala vill bli europeisk kulturhuvudstad

Europeisk kulturhuvudstad 2029

Helene Oljons
Pressansvarig
08-519 264 25
helene.oljons@kulturradet.se

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Sumitomo (SHI) Demag Plastics Machinery North America implementerar XMReality Remote Guidance

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Sumitomo (SHI) Demag Plastics Machinery North America Inc., en ledande leverantör av högkvalitativa formsprutningsmaskiner, kommer att implementera XMReality Remote Guidance i sin verksamhet. Detta för att ytterligare förbättra deras kundsupporttjänster genom att erbjuda distanssupport med hjälp av augmented reality (AR).

Sumitomo (SHI) Demag Plastics Machinery North America har levererat över 150 000 toppmoderna formsprutningstjänster till en mängd olika industrier över hela världen. Sumitomo (SHI) Demag är känt för sitt starka engagemang och upprätthåller rigorösa standarder för kvalitet, effektivitet och kundnöjdhet. Genom att integrera XMReality Remote Guidance fortsätter Sumitomo (SHI) Demag sin strävan att leverera oöverträffad service och support till sina kunder. XMReality kommer att ge Sumitomos team möjlighet att på distans felsöka, vägleda och samarbeta med kunder, vilket säkerställer optimal prestanda och effektivitet för deras levererade formsprutningsmaskiner.

I en kommentar till detta partnerskap uttryckte Ryne Simeone, Vice President of Business Development på XMReality Inc., sin entusiasm och sa: ”Vi är glada över att samarbeta med Sumitomo (SHI) Demag Plastics Machinery North America för att implementera XMReality Remote Guidance. Vi ser fram emot att växa tillsammans med Sumitomo för att stötta dem med att erbjuda en exceptionell kundsupport drivet av effektiva arbetsprocesser.

Om Sumitomo (SHI) Demag Plastics Machinery North America
Sumitomo (SHI) Demag Plastics Machinery North America, ett dotterbolag till Sumitomo Heavy Industries, Ltd., är en ledande leverantör av högpresterande formsprutningsmaskiner och tjänster. Med ett engagemang för innovation, kvalitet och kundnöjdhet, levererar Sumitomo (SHI) Demag banbrytande lösningar till industrier över hela världen

För mer information, vänligen kontakta:
Andreas Jonsson, VD XMReality
Telefon: +46 70 724 03 29
E-post: andreas.jonsson@xmreality.com

Om XMReality
XMReality AB (publ) utvecklar och säljer lösningar som revolutionerar kunskapsöverföring via så kallad förstärkt verklighet – Augmented Reality (AR). Företaget är marknadsledande inom vägledning på distans (remote guidance) där man via AR kan guida en person på plats för att lösa problem eller förhindra att de uppstår. Produkten används globalt i mer än 60 länder. Nestlé, Electrolux, Sidel och Heineken är några av de mer än 150 kunderna. XMReality är baserat i Linköping och USA och är noterat på Nasdaq First North Growth Market (ticker: XMR). För mer information, besök: www.xmreality.com 

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