Stock Exchange TLV, Strauss Group and New Unicorn. DAILY SHORT NEWS on Business, Innovation and Sustainabilty from Israel

Three selected news about business, innovation and sustainability from Israel. Today the three fields are: Stock Exchange TLV, Strauss Group, New Unicorn.

Selected and brought to you by Naftali – doing business and searching for innovation and sustainability for 40 years.

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STOCK EXCHANGE TEL AVIV

TASE Concludes the First Quarter with a 25% Increase in Revenues and 50% in the Profit and EBITDA Compared to the Corresponding Quarter Last Year.

The first quarter of the year was characterized by strong fluctuations and uncertainty in the markets, which boosted the trading volumes to 38% above the average trading volume of equity in the full year 2021, this on the backdrop of the hostilities against Ukraine, the looming inflation and the interest rises that began in the United States, Europe and in Israel.

These were accompanied by a moderate reduction in the number of new IPOs, similarly to the global trend, with 8 IPOs in the first quarter of the year. At the same time, capital raising on the equity market was strong, totaling NIS 7.5 billion, representing close to 30% of the total capital raised in the full year 2021, including NIS 1.4 billion raised in 8 IPOs, 3 with a market cap of more than NIS 1 billion. Capital raised from the public on the bonds market was also substantial, totaling NIS 24 billion, close to 31% of the total capital raised in 2021.

TASE’s leading indices, the TA-35 Index and the TA-90 Index, remained strong compared to the flagship indices of leading global exchanges. In the first quarter, they recorded an average positive yield of 2%, compared to a 5% decrease in the Dow Jones and S&P 500 indices, a 9% decrease in the EURO STOXX 50 index and a 6% decrease in the MSCI index.

STRAUSS GROUP

This morning, Strauss Group (TASE: STRS) published its financial statements for the first quarter of 2022, which were materially impacted by the Confectionery Division recall made by the Company at the end of April². The Company reported approximately NIS 2.2 billion in revenue, reflecting approximately 11.5% organic growth excluding FX effects, but recorded an deterioration of approximately 64.7% in operating profit, which totaled approximately NIS 102 million, and a sharp decline of approximately 79.2% in net income attributable to shareholders, which amounted to approximately NIS 43 million in the quarter.

NEW UNICORN

Monte Carlo Raises $135M Series D to Accelerate the Rapid Growth of the Data Observability Category. Over the past 20 months, Monte Carlo has grown from 20 to 120 people and raised four rounds of funding, signifying the exponential growth of the data observability market and the company at large. With their Series D, Monte Carlo has achieved a $1.6B valuation.

Mirroring the rise of application performance monitoring (APM) tools like Datadog and New Relic to keep software downtime at bay, data observability solves the problem of data downtime by giving teams end-to-end coverage and visibility into data health across their modern data stack. Monte Carlo’s machine learning-powered platform provides data leaders and other business stakeholders with a holistic view of data reliability for critical business and data product use cases in near real time.