Growth

Ryanair Reports Record €2.26 Billion Net Profit as Fuel Hedging Strategy Shields Against Market Volatility

by

Ryanair announced record net profits of €2.26 billion for fiscal year 2026 (ending March 31), a 40% increase driven by reduced expenses and higher revenues from passenger growth and fares. The airline projects stable ticket prices during peak summer months and increasing confidence in jet fuel supply despite Middle East tensions. The company’s conservative fuel hedging strategy (80% of FY2027 fuel hedged at $67/barrel) protects margins as spot prices exceed $150/barrel. CEO Michael O’Leary’s contract extension negotiations through 2032 are nearing completion.

Swedish Indie Studio Odd Dreams Digital Sells 200,000 Copies of Debut Game in Three Days

by

Odd Dreams Digital, a Malmö-based indie game studio founded in 2022, achieved remarkable success with the launch of its debut game ‘Everything is Crab’, an animal evolution roguelite action game. The game sold over 200,000 copies in three days and received strong critical acclaim on Steam. The studio, led by CEO Denis Asensio with team members from AAA studios including Cyberpunk 2077 and Star Wars Outlaws, participated in the Haven game support program before launch.

Flip.ro Partners With iSTYLE to Launch Device Buyback Program Across Romania

by

Flip.ro, a Romanian platform that refurbishes phones, tablets, laptops and gadgets, has partnered with iSTYLE, an Apple Premium Reseller chain, to launch a buyback program. Customers can trade in old devices in iSTYLE physical stores or online, receive instant evaluation, and complete their purchase of new products. The old device is then sent to Flip for verification, with payment made within 1-3 business days. The partnership launched in physical stores in May 2025 and online from May 2026.

Klarna Reaches Profitability Milestone as Swedish Fintech Scales to 119 Million Users

by

Klarna, the Swedish fintech company, announced significant growth metrics including a 49% increase in connected merchants to over 1 million and a 21% growth in users to 119 million. The company processed $33.7 billion in payment volume (up 33%) and achieved its first profitable quarter with $1 billion in revenue and $1 million net profit. Klarna is expanding US market presence through partnerships with Stripe, Nexi, JPMorgan Payments, and Worldpay.

TAP Air Portugal Divests Handling Services Stake to Menzies Aviation in Strategic Restructuring Move

by

Sérvulo & Associados advised TAP on the sale of its 49.9% stake in SPdH (Portuguese Handling Services) to Menzies Aviation Portugal. The transaction was contracted on April 28, 2026, subject to fulfillment of applicable conditions. This divestment allows TAP to focus on its core aviation business in compliance with the European Commission’s approval of TAP Group’s restructuring plan.

Factorial Acquires YepCode to Bolster AI-Powered Enterprise Integrations

by

Factorial, an AI-powered enterprise operations platform, has acquired YepCode, a developer-focused integrations and automation platform, to enhance its ability to deliver intelligent AI-based integrations in complex enterprise software environments. The acquisition also marks the opening of Factorial’s new engineering office.

Munich Defense Startup Helsing Raises $1.2 Billion, Becoming Most Valuable German Startup Ever

by

Helsing, a Munich-based defense startup founded in 2021, is reportedly raising 1.2 billion US dollars, which would value the company at 18 billion dollars. This would make it the most valuable German startup, surpassing previous record holders Trade Republic and Celonis. The company develops AI-powered autonomous combat drones, with the HX-2 model already in operation. The funding round is led by US investors Dragoneer and Lightspeed Venture Partners.

Farm Innovations and DOGid Partner to Strengthen Animal Identification and Pet Reunification in Europe

by

Farm Innovations S.A., a vet-tech company listed on NewConnect specializing in animal identification and health monitoring, has entered into a partnership with DOGid, which has operated a verified and regularly updated database of domestic animals for over 20 years. The partnership aims to create a quality animal identification system based on high-reliability data to increase the chances of lost pets being quickly reunited with their owners.

Swiss VC Firm Redalpine Elevates Sebastian Becker to General Partner as London Office Expands

by

Sebastian Becker, 30, became General Partner at Swiss venture capital firm Redalpine based in Zurich. He started as a working student during his studies and became partner after three years. Two years ago he was made Equity Partner and is now helping build out the London office. He discusses his career path, deep tech investments, and SpaceX investments.

Romanian Automation Firm IT Genetics Lists on Bucharest Stock Exchange After Raising €1 Million

by

IT Genetics, a Romanian IT company specializing in digital automation and operational efficiency solutions, listed on the Bucharest Stock Exchange AeRO market on May 20, 2026 under the ticker ITG. The company raised 5.2 million lei through a private placement to support international expansion and business development. Operating in Romania, Hungary, Bulgaria, Spain, and Italy, IT Genetics serves over 20,000 companies across retail, logistics, manufacturing, e-commerce, and HoReCa sectors.