Software firm Dassault Systemes cuts 2025 margin outlook
(Reuters) -French software company Dassault Systemes lowered its annual operating margin forecast on Thursday, citing a risk-adjusted financial outlook.
The group, which sells its software to automakers, plane makers and industrial companies, now sees 2025 operating margin rising by 50-70 basis points. It had previously expected a rise of 70-100 basis points from last year.
It confirmed its outlook of 6-8% total revenue growth and 7-10% earnings per share growth.
(Reporting by Anna Peverieri in Gdansk; editing by Milla Nissi)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Star
2 hours ago
- The Star
Circle shares set to surge in NYSE debut, lifting hopes for IPO market recovery
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, and Circle Internet Group co-founder Sean Neville react as they ring the opening bell, on the day of the company's IPO, in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid (Reuters) -Circle Internet's shares were set for a strong debut on the New York Stock Exchange on Thursday, a move expected to boost an IPO market that has struggled to regain momentum. The stock was last indicated to trade between $60 and $61 at debut compared with its IPO price of $31. The successful flotation is likely to encourage other crypto IPO hopefuls eyeing public markets. Surging interest in digital assets amid rising token prices and supportive regulatory developments are expected to spur more listings from the industry. The outlook for the digital asset industry has also brightened with the Trump administration adopting a lighter regulatory touch and moving to establish a crypto-friendly environment. In recent months, a growing number of companies have also added cryptocurrencies to their balance sheets to capitalize on rising token prices. Circle's flotation is the biggest crypto listing since Coinbase's 2021 debut and the first major IPO by a stablecoin issuer. It had earlier attempted to go public through $9 billion blank-check deal, but the deal fell apart in 2022. MAINSTREAM ADOPTION Circle's IPO is also a landmark moment for the stablecoin market, which has been a hot topic since the Trump administration took office. The passage of the pending stablecoin bill could further accelerate the adoption of the digital tokens and make it more mainstream. Apart from being used to trade cryptocurrencies, stablecoins are increasingly being used as a form of digital payment. Wall Street expects stablecoins to become one of the biggest themes within finance in the coming years and the next multi-trillion dollar market opportunity. Founded in 2013 by Jeremy Allaire and Sean Neville, Circle issues the dollar-denominated USDC, the world's second-largest stablecoin by market cap after Tether. Besides USDC, Circle also issues the euro-denominated stablecoin EURC. Allaire, 53, has led Circle since its inception. He previously served as the co-founder and CEO of streaming technology company Brightcove. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Anil D'Silva, Shilpi Majumdar and Shounak Dasgupta)
The Star
5 hours ago
- The Star
Exclusive-Ukraine hits out at Europe's payout from frozen Russian cash
KYIV/BRUSSELS (Reuters) -Ukraine's government has criticised a decision to take billions of euros of Russian wealth frozen in Europe and hand it to Western investors, warning that it weakened Europe's stand against Moscow. The criticism follows a move last month by Belgium's Euroclear to take 3 billion euros ($3.4 billion) of Russian investor cash held at the clearing firm to pay Westerners who lost out when Moscow seized their money held in Russia. Now Ukraine has warned that it sends a wrong signal and threatens to weaken Europe's hand when dealing with Russia, while it debates using the entire $300 billion of Russian wealth stranded in Europe to rebuild and defend the battered country. "If private investors are compensated before the victims of war, it won't be justice," said Iryna Mudra, a senior official in Ukrainian President Volodymyr Zelenskiy's office, in Kyiv's first public comments on the move. "It creates a perception of inconsistency, of Europe wavering in its resolve," Mudra, a deputy head of Ukraine's presidential administration, told Reuters. "International law requires that the aggressor is to make full reparation to the victim and not to investors who ... entered a high-risk jurisdiction," said Mudra, who is in charge of legal affairs in Zelenskiy's administration. The criticism comes at a critical time for the Western alliance backing Kyiv, with U.S. President Donald Trump's administration distancing itself from Europe and casting doubt over its commitment to Ukraine's defence and Russian sanctions. Mudra, one of a small circle of officials that set policy, also stressed the importance of maintaining control of the frozen Russian assets, which chiefly belong to its central bank with the majority held at Euroclear. The central bank assets were frozen at the outset of war in the single most powerful sanction directed at Russia over its full-scale invasion of Ukraine, a penalty that is deeply resented in Moscow. Euroclear in March gained clearance from Belgium, its principal legal authority, to make the payout, people familiar with the matter have told Reuters, after the European Union changed its sanctions regime last year to make this possible. A spokesperson for the Belgian government said: "This is not a Belgian decision but the application of a European regulation decided unanimously by the member states." Euroclear has emphasised that it only implements sanctions and does not take decisions about lifting them. 'MIND BOGGLING' Three Russian sources recently told Reuters that Russian President Vladimir Putin's conditions for ending the war include the resolution of the frozen assets issue. Ukraine, meanwhile, is campaigning fiercely against any return of the money to Moscow. Euroclear alone held 195 billion euros of cash in March - mainly Russian central bank funds, with some belonging to Russian investors. "If it is returned to Russia, it will be converted into tanks, missiles, drones, training of new troops," said Ukraine's Mudra. "The world ... must demonstrate that unlawful war brings irreversible financial consequences." Some see the frozen Russian wealth as a lifeline for Kyiv. In the past, the West has engineered loans and payments to Ukraine from the interest on the stranded Russian stockpile, which Putin denounced as theft. Ukrainian officials fear the Euroclear payout, even though it does not affect the central bank money, could undermine their efforts to secure an agreement on using the wider pool of Russian assets to help their country. Mykola Yurlov, an official at Ukraine's Ministry of Foreign Affairs, said the payout set a bad precedent, while Kira Rudik, a Ukrainian parliamentarian, was also critical. "Western companies were operating in Russia at their own risk. Why are these companies basically asking their societies to compensate for this risk?" Rudik told Reuters. "We need this money to rebuild and defend Ukraine." Last month's move also drew criticism abroad. "It is mind boggling that the priority is to reimburse corporate interests rather than spend the money defending Ukraine," said Jacob Kirkegaard, a sanctions expert with the Peterson Institute for International Economics, a Washington-based think tank. While the payout to investors left frozen Russian central bank reserves untouched, it made a dent in the stockpile of Russian wealth that gives the EU leverage over Moscow. More importantly for critics, it sets a worrying precedent. European Union leaders are expected to renew sanctions, including a freeze of Russian assets, at a summit meeting in June, although they could yet face an attempt by Hungary to derail those efforts. (Reporting by John O'Donnell and Tom BalmforthEditing by Tomasz Janowski)
The Star
6 hours ago
- The Star
Pentagon chief confident NATO will commit to Trump's defence spending target
BRUSSELS (Reuters) -U.S. Defense Secretary Pete Hegseth said on Thursday he was confident that members of the NATO alliance would sign up to Donald Trump's demand for a major boost in defence spending, adding that it had to happen by a summit later in June. The U.S. president has for months said he wants NATO allies to boost investment in defence to 5% of gross domestic product, up from the current target of 2%. No country is yet at 5%, not even the U.S., but Hegseth said there was progress on agreeing to the target. "I'm very encouraged by what we heard in there," Hegseth said after a morning meeting of NATO defence ministers on Thursday in Brussels. "Countries in there are well exceeding 2% and we think very close, almost near consensus, on a 5% commitment to NATO." As he arrived at the NATO gathering earlier in the day, Hegseth said such a commitment by all NATO members to spend 5% of GDP on defence had to happen by the June 24-25 summit of NATO leaders. "We think everybody's gonna get there," he said later, while adding that a few countries - which he did not name - were not quite there yet. Diplomats have said European allies understand that hiking defence expenditure is the price of ensuring a continued U.S. commitment to the continent's security and that keeping the U.S. on board means allowing Trump to be able to declare a win on his 5% demand during the Hague summit. "That will be a considerable extra investment," NATO Secretary-General Mark Rutte told reporters, predicting that in the Hague summit "we will decide on a much higher spending target for all the nations in NATO." In a bid to meet Trump's 5% goal, Rutte has proposed alliance members boost defence spending to 3.5% of GDP and commit a further 1.5% to broader security-related spending, Reuters has reported. Hegseth backed that proposal on Thursday. "You got to spend to have hard power," he said. "This alliance, we believe, in a matter of weeks, will be committing to 5%: 3.5% in hard military and 1.5% in infrastructure and defence-related activities, that combination constitutes a real commitment." Spain is among countries that have shown some reluctance to agree to the 5% target. "We think that this 2% is enough to meet the responsibilities we have committed to," Spanish Defence Minister Margarita Robles said on Thursday. "What is important is that each country is able to meet the objectives it has set itself." CAPABILITY TARGETS Details of the new investment plan will likely continue to be negotiated until the eve of the NATO summit. In the meantime, Rutte said he expects allies to agree on Thursday on what he called "historic" new capability targets. The targets, which define how many troops and weapons and how much ammunition a country needs to provide to NATO, would aim to better balance defence contributions between Europe, Canada, and the United States, he said. Germany will need around 50,000 to 60,000 additional active troops under the new NATO targets, German Defence Minister Boris Pistorius said as he arrived at the NATO meeting. Countries remain divided over the timeline for new pledges. Rutte has proposed reaching the 5% defence target by 2032 – a date that some Eastern European states consider too distant but which some others see as too early, given current spending and industrial production levels. Estonian Defence Minister Hanno Pevkur said that to meet the capability targets, "we need to agree on the 5% in five years. We don't have time for 10 years, we don't have time even for seven years." Sweden would also like to see NATO reaching 5% defence spending in 2030, Defence Minister Pal Jonson said. There is an ongoing debate over how to define "defence-related" spending, which might include spending on cybersecurity and certain types of infrastructure. (Additional reporting by Andrew Gray, Charlotte Van Campenhout, Ingrid Melander, Benoit Van Overstraeten, Inti Landauro; Writing by Ingrid Melander and Lili Bayer; Editing by Gareth Jones, Aidan Lewis, Sharon Singleton and Chizu Nomiyama )
