Month: September 2026

August was the strongest month of 2026 for AS LHV Group. LHV Group earned a consolidated net profit of EUR 10.7 million in August, EUR 2.1 million more than in July. Return on equity attributable to shareholders was 16.2% in August. The result was driven by continued growth in net interest income, costs kept under control and the strong quality of the loan portfolio. Among the subsidiaries, AS LHV Pank earned a net profit of EUR 10.2 million and LHV Bank Ltd EUR 0.3 million. AS LHV Varahaldus earned a net profit of EUR 0.3 million and AS LHV Kindlustus EUR 0.3 million.

The consolidated loan portfolio of LHV Group reached EUR 5.91 billion at the end of August, growing by EUR 58 million over the month. In annual comparison, the loan portfolio grew by 14%. The net interest margin of the loan portfolio stood at 2.8% at the end of August, compared with 2.4% in the first months of the year. Impairments were released by EUR 0.2 million in August, mainly related to minor model-based changes in the credit portfolio. Deposits remained at EUR 7.66 billion, decreasing by EUR 5 million over the month. Deposits of regular customers increased, while deposits of financial intermediaries decreased. In annual comparison, deposits decreased by 1%. Assets under management reached EUR 1.85 billion, growing by EUR 54 million over the month and by 14% compared with the previous year. The number of payments related to financial intermediaries reached 8.3 million in August. At the end of August, the loan portfolio exceeded the financial plan by EUR 57 million. Deposits fell short of the financial plan by EUR 426 million, which is related to the deliberate reduction of platform deposits and the focus on demand deposits. Assets under management exceeded the financial plan by EUR 31 million.

The cumulative net profit of LHV Group for 2026 reached EUR 63.8 million by the end of August, falling short of the financial plan by EUR 4.6 million. In annual comparison, net profit was 19% lower. Cumulative net income reached EUR 205.0 million, falling short of the financial plan by EUR 4.5 million and being 1% higher in annual comparison. Net interest income remained strong, exceeding the financial plan by EUR 5.9 million since the beginning of the year. Cumulative net fee and commission income reached EUR 38.8 million, falling short of the financial plan by EUR 6.7 million due to lower-than-expected customer activity. Operating expenses reached EUR 117.2 million over eight months, exceeding the financial plan by EUR 4.4 million and growing by 13% in annual comparison, mainly driven this year by higher personnel expenses and IT investments. Impairments amounted to EUR 7.5 million over eight months, EUR 2.6 million less than foreseen in the financial plan. In August, LHV Group issued EUR 200 million of MREL bonds and EUR 15 million of AT1 bonds. LHV Group is well capitalised and all capital targets are met with a sufficient buffer.

LHV Pank

The net profit of LHV Pank in August reached EUR 10.2 million. Net interest income increased by EUR 0.5 million month-on-month and net fee and commission income remained at the July level. Operating expenses decreased by EUR 0.2 million. The number of LHV Pank customers increased by 3,000 in August, reaching 514,000 customers, and the number of customers making daily payments remained at 237,000.

The loan portfolio grew by EUR 29 million in August, reaching EUR 4.88 billion. Growth was split almost equally between corporate banking and retail loans. The quality of the loan portfolio remains strong and impairments were released by EUR 0.3 million in August.

The deposits of LHV Pank reached EUR 6.45 billion at the end of August, growing by EUR 116 million over the month. Demand deposits of regular customers continued to grow, while the volume of term deposits decreased.

The cumulative net profit of LHV Pank reached EUR 61.3 million by the end of August, falling short of the financial plan by EUR 5.7 million. Excluding intragroup interest rate swaps, net profit falls short of the financial plan by EUR 2.0 million. Cumulative net income reached EUR 154.3 million, falling short of the financial plan by EUR 6.9 million. At the end of August, the loan portfolio exceeded the financial plan by EUR 77 million and deposits fell short of the financial plan by EUR 218 million.

In connection with the expiry of the lease agreements of the Tartu and Pärnu customer offices, LHV Pank decided in August to close the customer offices in both cities as of 31 October 2026. The decision is driven by changing banking habits of customers and the continued decline in office visits. LHV services are increasingly used through digital channels and the bank has further increased investments in their development this year.

Three customer service positions will be made redundant in connection with the change. In addition to customer service, approximately ten people work daily at the Pärnu office and will continue in their current roles, but the office will be closed entirely. Tartu remains an important location for LHV, but the office space used there will be reduced. The reduction of office space also takes into account the new headquarters in Tallinn, to be completed in 2028, which will allow more employees and teams to be brought together in one location.

LHV Bank

The net profit of LHV Bank, operating in the United Kingdom, reached EUR 0.3 million in August. Net interest income reached EUR 3.6 million and continued to exceed the financial plan, supported by continued growth in SME lending and disciplined management of liquidity and funding costs, while the result was affected by lower banking services fee income and higher-than-expected impairments.

The loan portfolio of LHV Bank exceeded the one billion euro mark in August and reached EUR 1.03 billion at the end of the month, growing by EUR 28 million over the month. The loan portfolio falls short of the financial plan by EUR 24 million, but higher-than-planned completions in August reduced the shortfall. The volume of outstanding loan offers reached EUR 94 million. Deposits grew by EUR 106 million in August, reaching EUR 1.46 billion, in line with the financial plan. The number of customers stood at 31,000 at the end of August.

The cumulative net profit of LHV Bank reached EUR 3.8 million by the end of August, falling short of the financial plan by EUR 1.4 million, affected by lower banking services fee income and higher-than-planned impairments. In annual comparison, net profit has grown by 40%.

LHV Varahaldus

The net profit of LHV Varahaldus in August reached EUR 0.3 million, supported by the positive performance of fund units. Operating income and expenses were broadly in line with the financial plan.

All LHV II and III pillar pension funds delivered positive returns in August. The largest funds of LHV Varahaldus, Julge and Ettevõtlik, returned 2.6% and 2.5% respectively. The funds Tasakaalukas and Rahulik returned 1.0% and 0.7% respectively. LHV Pensionifond Indeks gained 2.7% in August and is the best-performing pension fund in Estonia based on the returns of the first eight months of the year. The total volume of funds under management reached EUR 1.85 billion at the end of August and the number of II pillar customers making active monthly contributions reached nearly 105,000.

The cumulative net profit of LHV Varahaldus reached EUR 0.2 million by the end of August, exceeding the financial plan by EUR 0.2 million. This year’s result has been affected by income tax of EUR 1.1 million related to the dividend payment made in March. The result has been supported by higher-than-expected average fund returns over the first eight months of the year. Assets under management exceeds the financial plan thanks to good returns.

LHV Kindlustus

The August result of LHV Kindlustus was supported by growth in net earned premiums and a considerably lower number of claims compared with July, resulting in a net profit of EUR 0.3 million for the month.

Sales results in August were in line with the financial plan and contract premiums written reached EUR 3.0 million. 11,032 new claims were registered, 650 fewer than in July, and claims of EUR 2.5 million were paid out, EUR 0.5 million less than in July. The gross loss ratio was 64.4% in August (76.1% in July) and the net loss ratio 66.5% (79.0% in July). At the end of August, the number of active insurance contracts was 333,000 and the number of customers reached 244,000.

The cumulative net profit of LHV Kindlustus reached EUR 0.1 million by the end of August, falling short of the financial plan by EUR 1.7 million. Cumulative contract premiums written exceed the financial plan by EUR 0.7 million.

AS LHV Group reports are available at: https://investor.lhv.ee/en/reports/

LHV Group is the largest domestic financial group and capital provider in Estonia. LHV Group’s main subsidiaries are LHV Pank, LHV Varahaldus, LHV Kindlustus and LHV Bank Limited. The Group employs nearly 1,200 people. LHV’s banking services are used by more than 514,000 customers, LHV-managed II pillar pension funds have 105,000 active customers and LHV Kindlustus provides insurance protection to 244,000 customers. LHV Bank, a subsidiary of LHV Group, holds a UK banking licence and offers banking services to international financial technology companies, loans to small and medium-sized enterprises and retail banking services.

Investor Relations
Sten Hans Jakobsoo
Head of Investor Relations and Corporate Development
E-mail: stenhans.jakobsoo@lhv.ee

Communications
Paul Pihlak
Head of Communications
E-mail: paul.pihlak@lhv.ee

Attachment

• LHV Group 2026-08-EN

HOUSTON, Sept. 14, 2026 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) (“Sysco” or the “Company”) today announced the pricing of its previously announced public offering of 12,345,679 shares of its common stock (the “Offering”) at a price to public of $81.00 per share. The Offering is expected to close on September 16, 2026, subject to customary closing conditions.

Sysco has granted the underwriters of the Offering a 30-day option to purchase up to an additional $150 million of shares of common stock, solely to cover overallotments, if any, at the same price per share as the other shares of common stock purchased by the underwriters in the Offering.

Sysco intends to use the net proceeds from the Offering to finance a portion of the consideration for its pending acquisition of Jetro Restaurant Depot. The Offering is not contingent on the consummation of the acquisition.

Goldman Sachs & Co. LLC and TD Securities (USA) LLC are acting as lead book-running managers for the Offering. BofA Securities, J.P. Morgan Securities LLC and Wells Fargo Securities, LLC are also acting as book-running managers for the Offering.

The Offering is being made by means of a prospectus supplement under Sysco’s shelf registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the “SEC”).

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering is being made only by means of a prospectus supplement relating to the Offering and the accompanying prospectus.

Copies of the final prospectus supplement for the Offering and the accompanying prospectus may be obtained free of charge by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, copies may be obtained from:

• Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com;
• TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at TDManualrequest@broadridge.com;
• BofA Securities, Attention: Prospectus Department, 201 North Tryon Street, Charlotte, NC 28255-0001, or by e-mail at dg.prospectus_requests@bofa.com;
• J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by e-mail at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; or
• Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, by telephone at 800-645-3751 (option #5) or by email at WFScustomerservice@wellsfargo.com.

About Sysco

Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 333 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 670,000 customer locations. The company generated sales of more than $84 billion in fiscal year 2026 that ended June 27, 2026.

As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.

Forward-Looking Statements

Statements made in this press release include statements that are forward-looking or that express management’s beliefs, expectations or hopes and are forward-looking statements under the Private Securities Litigation Reform Act of 1995. These statements include, among other things, statements regarding the terms, timing and completion of the Offering and our anticipated use of the proceeds thereof, statements about our future financial performance and results, business strategy, plans, goals and objectives, and other statements that are not historical facts, including expectations regarding our future growth, including growth in sales and earnings per share, expectations regarding cost savings associated with AI, as well as statements about the expected timing and completion of the proposed transaction with Jetro Restaurant Depot and the anticipated benefits of such proposed transaction.

Such forward-looking statements reflect the views of management at the time such statements are made and are subject to a number of risks, uncertainties, estimates, and assumptions, including those outside of Sysco’s control. Risks and uncertainties include without limitation: the impact of geopolitical, economic and market conditions and developments, including changes in global trade policies and tariffs and foreign conflicts; risks related to our business initiatives; periods of significant or prolonged inflation or deflation and their impact on our product costs, volume, foot traffic, and profitability generally; risks related to our efforts to implement our transformation initiatives and meet our other long-term strategic objectives; risks of interruption of supplies and increase in product costs; risks related to changes in consumer eating habits; and impact of natural disasters or adverse weather conditions, public health crises, adverse publicity or lack of confidence in our products, and product liability claims as well as risks and uncertainties associated with our proposed transaction with Jetro Restaurant Depot, including but not limited to, the occurrence of any event, change or other circumstances that could give rise to the right of either or both parties to terminate the merger agreement; the risk that regulatory approvals may not be obtained or other closing conditions may not be satisfied in a timely manner or at all, as well as the risk that regulatory approvals are obtained subject to conditions that are not anticipated; the risk of other delays in closing the transaction; the possibility that any of the anticipated benefits and projected synergies of the transaction will not be realized or will not be realized within the expected time period; and the risk that the proposed transaction and its announcement could have an adverse effect on the market price of the common stock of Sysco. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those indicated in our forward-looking statements. Therefore, you should not place undue reliance on any of the forward-looking statements contained herein. For more information on these risks and other concerning factors that could cause actual results to differ from those expressed or forecasted, see our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and other filings with the SEC. We do not undertake to update our forward-looking statements, except as required by applicable law.

For more information contact:
Kevin Kim	Cassandra Mauel
Investor Contact	Media Contact
kevin.kim@sysco.com	cassandra.mauel@sysco.com
T 281-584-1219	T 281-584-1390

SYY-INVESTORS

• Cab-less, SAE Level 4 truck with autonomous driving function operates in daily operations under first-of-its-kind permit from Germany’s Federal Motor Transport Authority (KBA)
• This marks a global milestone for autonomous logistics, and a proof point for how the companies of Schwarz Group bring innovation from vision to daily operations.

EDERMÜNDE, Germany and STOCKHOLM, Sweden, Sept. 15, 2026 (GLOBE NEWSWIRE) — Einride AB (Nasdaq: ENRD) (“Einride” or the “Company”), a technology company driving the transition to cost-efficient electric and autonomous freight operations for some of the world’s largest shippers, and Lidl in Germany (“Lidl”), a fresh food retailer and a company of Schwarz Group, today announced the deployment of the first cab-less SAE Level 4 autonomous truck in daily operations on a public road in Germany.

The cab-less truck, with no driver or safety operator on board, is now transporting goods between a Lidl warehouse and distribution center and a Lidl store, operating under an official permit from the Federal Motor Transport Authority (KBA), the first of its kind granted in Germany.

Germany, the world’s third largest economy and the largest road transport market in Europe, has some of the world’s most stringent road safety regulations. Achieving a German Level 4 approval sets a new benchmark for what is already possible in autonomous logistics globally. The permit reflects an extensive safety validation process conducted with the KBA, confirming that the technology can operate reliably and safely under real-world conditions on public roads. For Einride and Lidl it is also a step towards bringing forward-looking technology, once confined to pilots and niche use cases, into the mass market and everyday retail.

“Einride is already running real autonomous deliveries, with real volumes on real schedules with customers in the U.S and Europe. Germany is one of Einride’s key markets, and we’re excited to now bring this technology to public roads in Europe’s largest road transport market, and to prove its value together with Lidl and the broader ecosystem of Schwarz Group,” said Roozbeh Charli, Chief Executive Officer at Einride. “Germany’s approval process is among the toughest in the world, and obtaining clearance there gives us a foundation to scale with confidence.”

The truck connects a Lidl warehouse and distribution center directly to a Lidl store. Einride and Lidl in Germany will continue to expand the route toward a full multi-stop milk run model and further deployments with the companies of Schwarz Group are currently being discussed. The initiative is part of a broader effort to address driver shortages, secure continuity in the flow of goods, and strengthen supply chain resiliency across Lidl’s network.

“Intelligence creates efficiency, and that is the backbone for permanently reliable product availability,” says Thomas Dangelmayer, Head of Operational Logistics at Lidl in Germany. “We ensure that the products for our customers are always at the right place, at the right time, and in the right quality. With this innovative project, we are testing a technological milestone step by step and safely in real-world operations to examine how future-proof solutions can be optimally integrated into our site logistics.”

“For the companies of Schwarz Group, innovation is the core driver of operational excellence and sovereign supply chains,” said Serhan Yildirim, Head of Schwarz Logistics Solutions at Schwarz Corporate Solutions. “Future-proof logistics is not built by waiting, but through proactive action. With this project, we are combining the scalability of our unique ecosystem with the pioneering spirit of Einride. In doing so, we are actively driving the transformation of the industry.”

This milestone was made possible through Einride’s collaboration with Schwarz Corporate Solutions and Schwarz Digits, and Lidl in Germany. It aims to prove that driverless daily operations can create value now, in one of Europe’s most demanding logistics markets, and bring high-tech innovation into the heart of everyday retail rather than keeping it on the sidelines.

“Autonomous and zero-emission driving has moved from a future vision to a reality on our roads. Lidl and Einride’s joint initiative showcases the innovative strength of modern logistics and of Germany as a business location, supported by the Mobility Data Space. We are committed to establishing Germany as a pioneer in the testing and deployment of advanced mobility technologies. Projects like this help to align climate action with economic competitiveness and technological sovereignty,” said Christian Hirte, Parliamentary State Secretary to the Federal Minister of Transport.

About Einride

Founded in Stockholm in 2016, Einride (Nasdaq: ENRD) is a technology leader driving the transition to sustainable, cost-efficient autonomous and electric freight operations. The Company’s platform integrates AI-powered freight intelligence, proprietary autonomous technology, and one of the world’s largest electric heavy-duty fleets. Einride serves a global customer base across North America, Europe, and the Middle East through a dual business model encompassing Freight-Capacity-as-a-Service (FCaaS) and a Software-as-a-Service (SaaS) platform.

About Lidl in Germany

The food retailer Lidl, as part of the Schwarz Group headquartered in Neckarsulm, is one of the leading corporate groups in the food retail industry in Germany and Europe. Currently, Lidl operates around 12,900 stores in 32 countries worldwide. In Germany, over 100,000 employees across more than 3,250 stores and 39 administrative and distribution centers ensure customer satisfaction. Dynamic daily execution, strong performance-driven results, and mutual fairness characterize the working environment at Lidl. Since 2008, the Lidl online shop has offered non-food products from Lidl’s own brands and other brands across various categories and price segments, as well as wines, spirits, travel, and additional services. As a discounter, Lidl places great value on providing its customers with an optimal price-to-performance ratio. Simplicity and process orientation define its day-to-day operations. In doing so, Lidl takes responsibility for society and the environment, concentrating on six core themes in the area of sustainability: protecting the climate, respecting biodiversity, conserving resources, acting fairly, promoting health, and engaging in dialogue.

About Schwarz Group

Schwarz Group is an international leader in the retail industry with some 14,500 stores and 604,000 employees. In the 2025 fiscal year, the companies of Schwarz Group generated a total sales volume of 185.6 billion euros. Their unique ecosystem lets them cover the full value cycle: from production and retail to recycling and digitalization. They create solutions to make peoples’ lives safer, healthier and more sustainable, both right now and in the future – they act ahead.

Lidl and Kaufland form the pillars of the food retail market and are an integral part of customers’ daily lives in 33 countries. Many of the own-brand products and packaging come directly from Schwarz Produktion. Through its recycling management solutions, the circular economy division PreZero promotes a functional circular economy and is investing in a clean future. The IT and digital division, Schwarz Digits, provides compelling digital products and services that meet the high German data protection standards, thus ensuring the maximum degree of digital sovereignty. As a partner service provider, Schwarz Corporate Solutions assists the companies of Schwarz Group with all matters related to administration, HR, operational activities and everything in between.

Investor & Media Contacts
Christina Zander
Head of Communications, Einride
press@einride.tech, einride@icrinc.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3d2d9598-3b63-45cc-a622-2ab1c2efab0a