HOKA Adds the Mafate Speed 4 Lite and Project Transport to Its Stealth/Tech Collection
HOKAwas named the best footwear brand in theHypebeast100 Awards, in part thanks to the introduction of theMafate Speed 4 LitewithSatisfy. It has since brought the model to the masses via an in-line launch. Another bold step forward for the sportswear brand came at the start of the 2025, when HOKA presented the zipper shroud-equippedProject Transport.
Now, both models have come together for the latest addition to HOKA's utilitarian Stealth/Tech collection. Looking first at the Mafate Speed 4 Lite, colorways of 'White/Black' and 'Black/White' offer a translucent ripstop upper, reflectivity, a haptic dot matrix print, and Profly midsole. From there, the Project Transport dons a 'Black/White' finish that sees ripstop applied to its signature zipper shroud, a 3D-printed grid upper, and similar detailing with reflectivity and a haptic dot matrix print. All three sneakers are also backed by an exploration-ready outsole from Vibram.
For those looking to pick up a pair from this latest expansion of HOKA's Stealth/Tech collection, all three shoes are available now via the brand. Pricing starts at $160 USD for the Project Transport and goes up to $180 USD for the Mafate Speed 4 Lite.
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By GlobeNewswire Published on August 7, 2025, 10:00 IST Ad hoc announcement pursuant to art. 53 SIX Swiss Exchange Listing Rules MEDIA RELEASE Basel, August 7, 2025 – Sandoz (SIX: SDZ; OTCQX: SDZNY), the global leader in generic and biosimilar medicines, today presents its financial results for the first half of 2025. Growth in this document is shown at constant currencies (CC)[1] unless stated otherwise. FINANCIAL RESULTS H1 2025 H1 2024 change USD m USD m USD % CC % CGR %[2] Net sales 5,232 5,047 4% 4% 6% Generics 3,736 3,704 1% 1% 2% Biosimilars 1,496 1,343 11% 12% 17% Core EBITDA 1,046 885 18% 20% Core EBITDA margin (%) 20.0% 17.5% Core diluted earnings per share (USD) 1.46 1.12 30% 33% Management free cash flow 503 237 nm[3] Richard Saynor, Chief Executive Officer of Sandoz, said: 'The first half of the year marked another phase of good progress for Sandoz. 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This complements ongoing investments in Slovenia, namely a new biosimilar drug-substance production center in Lendava and a biosimilar development center in Ljubljana Following feedback from major regulatory authorities, Sandoz has decided to streamline the clinical-development programs for its proposed nivolumab and ocrelizumab biosimilars, respectively. The company is winding down the Phase III NivoReach trial for its proposed biosimilar nivolumab. Sandoz is also modifying its Strive-MS integrated Phase I/III trial to become a comparative pharmacokinetic trial for its proposed ocrelizumab biosimilar. The development programs, including comprehensive analytical and clinical pharmacokinetic data, have been designed to align with updated regulatory guidance and confirm biosimilarity to their respective reference medicines, while maintaining the highest scientific and regulatory standards The aforementioned streamlining reflects ongoing encouraging and favorable regulatory developments for biosimilars and follows Sandoz's decision earlier in the year to minimize its Phase III trial for its proposed pembrolizumab biosimilar Launches Sandoz recently launched Wyost® and Jubbonti® in the US, the first and only interchangeable denosumab biosimilars. Pyzchiva® (ustekinumab) was also launched in the US, including in private label. 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Strong Europe biosimilars net-sales growth of 17% at CC benefited from a number of good performances, including recently launched Pyzchiva and Tyruko, while strong International biosimilar net-sales growth of 30% at CC partly reflected the strong contribution from Omnitrope® (somatropin). Major biosimilar launches in International in 2025 will all occur in the second half of the year. North America biosimilar net sales declined by 9% at CC in the half, reflecting the withdrawal of Cimerli in Q1 2025 and the effect of private-label adalimumab pricing; excluding the impact of the 2024 acquisition of Cimerli, North America biosimilar net sales grew by 9%. Q2 Q2 2025 % of net sales Q2 2024 change USD m USD m USD % CC % CGR % Generics 1,927 70 1,835 5% 2% 3% Biosimilars 825 30 720 15% 12% 20% Net sales 2,752 100 2,555 8% 5% 7% Net sales for the second quarter were USD 2,752 million, up by 5% at CC and by 7% at CGR. Volumes grew by 8%, partly offset by price erosion of 3%. 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North America overview Net sales in North America in H1 were USD 1,116 million, reflecting a decline of 1% at CC. Growth at CGR however, namely excluding the impact of the acquisition of Cimerli, amounted to 4%. A good performance from generics was driven by the successful recent launch of paclitaxel, as well as continued strong growth in Canada. Biosimilar net-sales growth would have been positive when excluding the aforementioned impact of the Cimerli acquisition. Price erosion was driven by reduced Cimerli sales, private-label adalimumab pricing and Omnitrope. Q2 Q2 2025 % of net sales Q2 2024 change USD m USD m USD % CC % CGR % Europe 1,460 53 1,308 12% 6% 6% International 694 25 627 11% 11% 13% North America 598 22 620 -4% -3% 5% Net sales 2,752 100 2,555 8% 5% 7% H1 2025 KEY OPERATING AND NON-OPERATING RESULTS H1 2025 H1 2024 change USD m USD m USD % CC % Net sales 5,232 5,047 4% 4% Gross profit 2,411 2,380 1% 2% Operating income 602 332 81% 90% EBITDA 870 576 51% 55% Net income 377 151 nm nm Core results Core gross profit 2,575 2,544 1% 2% Core gross profit margin (%) 49.2% 50.4% Core operating income 901 763 18% 20% Core operating income margin (%) 17.2% 15.1% Core EBITDA 1,046 885 18% 20% Core EBITDA margin (%) 20.0% 17.5% Core net income 635 484 31% 34% Core diluted earnings per share (USD) 1.46 1.12 30% 33% Core gross profit amounted to USD 2,575 million (H1 2024: USD 2,544 million), resulting in a core gross profit margin of 49.2% (H1 2024: 50.4%). The favorable product mix from double-digit biosimilars growth, as well as operational improvements, was more than offset by price erosion and inflation on cost of goods sold. Core EBITDA was USD 1,046 million (H1 2024: USD 885 million), resulting in a core EBITDA margin of 20.0% (H1 2024: 17.5%). The strong increase was primarily driven by leveraging expenses from a growing top line and savings from the transformation program. EBITDA was USD 870 million (H1 2024: USD 576 million). Core adjustments for EBITDA in the first half of 2025 were USD 176 million (H1 2024: USD 309 million). These were mainly driven by separation costs of USD 156 million, costs of rationalization of internal manufacturing sites of USD 54 million and favorable impacts from adjustments for legal costs of USD 28 million. Core net income was USD 635 million (H1 2024: USD 484 million), mainly driven by higher core operating income and a lower core net financial result, partly offset by higher core income taxes, while the effective tax rate remained broadly unchanged. Core diluted earnings per share were USD 1.46 (H1 2024: USD 1.12). The weighted average number of shares diluted was 435.8 million as of June 30, 2025, versus 432.2 million in the prior-year period. NET CASH FLOW, NET WORKING CAPITAL AND NET DEBT H1 2025 H1 2024 change USD m USD m USD m Net cash flows from operating activities 523 229 294 Cash flows used for net capex (310) (205) (105) Free cash flow 207 21 186 Management free cash flow 503 237 266 Sandoz generated net cash flows from operating activities of USD 523 million in the first half of the year (H1 2024: USD 229 million). This was mainly driven by working-capital enhancements through improvements in receivables; inventory levels were stable versus December 2024. Cash flows used for capital expenditures were USD 310 million (H1 2024: USD 205 million). This included the company's ongoing investment in Slovenia, namely a new biosimilar drug substance production center in Lendava, a biosimilar development center in Ljubljana and a new production plant in Brnik. It also included separation-related investments in facilities and technology. Management free cash flow, defined as free cash flow adjusted for one-off items, was USD 503 million (H1 2024: USD 237 million). The increase was mainly driven by a higher core EBITDA. Free cash flow amounted to USD 207 million (H1 2024: USD 21 million). The improvement was mainly due to increased net cash flows from operating activities, partly offset by higher cash flows used for capital expenditures. Jun 30, 2025 Dec 31, 2024 change USD m USD m USD m Net working capital 3,638 3,486 152 Net debt 3,909 3,329 580 Net working capital increased by USD 152 million, largely due to currency-translation effects of USD 305 million, offset by improvements in underlying net working capital. Non-current financial debt increased by USD 811 million, reflecting the issuance of three bonds in the first half of 2025 of EUR 500 million and CHF 400 million, respectively and currency-translation effects. This was partly offset by the repayment of USD 750 million equivalent in USD and EUR term loans. Cash and cash equivalents increased by USD 198 million as cash generated from operating activities and proceeds from the issuance of non-current financial debt were partly offset by the repayment of term loans, the annual dividend payment and purchases of property, plant and equipment. As a result of the above, net debt increased to USD 3.9 billion compared to USD 3.3 billion on December 31, 2024, mainly related to currency-translation effects of USD 422 million. CONFERENCE CALL A conference call and webcast for investors and analysts will begin today at 9am CET. Details can be found here, with the accompanying presentation here. NOTES The performance shown in this announcement covers the six-month period to June 30, 2025 (H1 2025) and the three-month period to June 30, 2025 (Q2 2025), compared to the six-month period to June 30, 2024 (H1 2024) and the three-month period to June 30, 2024 (Q2 2024), respectively. Commentary is based on the performance in H1 2025, unless stated otherwise. CALENDAR The company intends to publish its nine-months' and third-quarter sales update on October 30, 2025. HALF-YEAR REPORT Sandoz published its Half-Year Report 2025 today, which can be found here. [1] Non-IFRS measures are defined in the Supplementary financial information section of the Half-Year Report 2025. [2] Sandoz defines the comparable growth rate (CGR) as the growth rate of net sales at CC excluding the effects of material acquisitions and divestments. In the case of divestments, net sales are excluded for the corresponding period. Similarly, for acquisitions, the relevant net sales are excluded for the corresponding period. Material acquisitions and divestments are transactions in scope of significant transactions in the company's Consolidated financial statements. Sandoz believes the presentation of CGR is meaningful for management and investors to evaluate the performance of the business over time. In this announcement, adjustments relate to the impact of the 2024 acquisition of US biosimilar Cimerli® (ranibizumab) and the 2024 divestment of the Sandoz business in China. [3] Not meaningful. [4] Based on March 2025 data from IPD Analytics Evaluate Pharma, covering the period 2026–2035. [5] Subject to regulatory approval of John Cunningham virus assay and pending litigation. CONTACTS DISCLAIMER This media release contains forward-looking statements, which offer no guarantee with regard to future performance. These statements are made on the basis of management's views and assumptions regarding future events and business performance at the time the statements are made. They are subject to risks and uncertainties including, but not confined to, future global economic conditions, exchange rates, legal provisions, market conditions, activities by competitors and other factors outside of the control of Sandoz. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual outcomes may vary materially from those forecasted or expected. Each forward-looking statement speaks only as of the date of the particular statement, and Sandoz undertakes no obligation to publicly update or revise any forward-looking statements, except as required by law. This media release includes non-IFRS financial measures as defined by Sandoz. An explanation of non-IFRS measures can be found in the Supplementary financial information section of the Half-Year Report 2025. ABOUT SANDOZ Sandoz (SIX: SDZ; OTCQX: SDZNY) is the global leader in generic and biosimilar medicines, with a growth strategy driven by its Purpose: pioneering access for patients. More than 20,000 people of 100 nationalities work together to ensure 900 million patient treatments are provided by Sandoz, generating substantial global healthcare savings and an even larger social impact. Its leading portfolio of approximately 1,300 products addresses diseases from the common cold to cancer. Headquartered in Basel, Switzerland, Sandoz traces its heritage back to 1886. Its history of breakthroughs includes Calcium Sandoz in 1929, the world's first oral penicillin in 1951, and the world's first biosimilar in 2006. In 2024, Sandoz recorded net sales of USD 10.4 billion. SUPPORTING FINANCIAL INFORMATION 2025 NET SALES By business Q1 2025 change Q2 2025 change H1 2025 change USD m USD % CC % USD m USD % CC % USD m USD % CC % Generics 1,809 -3% 0% 1,927 5% 2% 3,736 1% 1% Biosimilars 671 8% 11% 825 15% 12% 1,496 11% 12% Net sales 2,480 0% 3% 2,752 8% 5% 5,232 4% 4% By region Q1 2025 change Q2 2025 change H1 2025 change USD m USD % CC % USD m USD % CC % USD m USD % CC % Europe 1,372 3% 7% 1,460 12% 6% 2,832 8% 6% International 590 -8% -2% 694 11% 11% 1,284 1% 5% North America 518 -1% 1% 598 -4% -3% 1,116 -2% -1% Net sales 2,480 0% 3% 2,752 8% 5% 5,232 4% 4% By region and business H1 2025 H1 2024 change USD m USD m USD % CC % CGR % Europe 2,832 2,634 8% 6% 6% Generics 1,941 1,881 3% 2% 2% Biosimilars 891 753 18% 17% 17% International 1,284 1,269 1% 5% 8% Generics 1,019 1,055 -3% -1% 3% Biosimilars 265 214 24% 30% 30% North America 1,116 1,144 -2% -1% 4% Generics 776 768 1% 2% 2% Biosimilars 340 376 -10% -9% 9% Net sales 5,232 5,047 4% 4% 6% 2024 NET SALES By business Q1 2024 change Q2 2024 change Q3 2024 change Q4 2024 change USD m USD % CC % USD m USD % CC % USD m USD % CC % USD m USD % CC % Generics 1,869 0 1 1,835 -1 1 1,854 3 4 1,946 1 4 Biosimilars 623 21 21 720 35 37 741 36 37 769 23 25 Net sales 2,492 5 6 2,555 7 9 2,595 11 12 2,715 7 9 By region Q1 2024 change Q2 2024 change Q3 2024 change Q4 2024 change USD m USD % CC % USD m USD % CC % USD m USD % CC % USD m USD % CC % Europe 1,326 4 2 1,308 2 3 1,362 13 12 1,367 7 8 International 642 4 12 627 5 9 635 2 8 653 0 6 North America 524 6 6 620 22 23 598 17 18 695 13 14 Net sales 2,492 5 6 2,555 7 9 2,595 11 12 2,715 7 9 H1 2025: RECONCILIATION FROM IFRS RESULTS TO CORE RESULTS (USD millions unless indicated otherwise) IFRS results Amorti- zation of intangible assets[6] Impair- ments[7] Acquisition or divest- ment of businesses and related items[8] Other items[9] Core results Net sales 5,232 – – – – 5,232 Other revenues 33 – – – – 33 Cost of goods sold (2,854) 101 15 – 48 (2,690) Gross profit 2,411 101 15 – 48 2,575 Selling, general and administration (1,192) – – – 10 (1,182) Development and regulatory (504) – 1 – 2 (501) Other income 222 – – (10) (109) 103 Other expense (335) – – – 241 (94) Operating income[10] 602 101 16 (10) 192 901 Interest expense (111) – – – – (111) Other financial income and expense 13 – – – 3 16 Income before taxes 504 101 16 (10) 195 806 Income taxes[11] (127) (171) Net income 377 635 Basic earnings per share (USD) 0.87 1.47 Diluted earnings per share (USD) 0.87 1.46 [6] Amortization of intangible assets: cost of goods sold includes the amortization of rights to currently marketed products and other production-related intangible assets.[7] Impairments: cost of goods sold and development and regulatory include impairment charges related to intangible assets. [8] Acquisition or divestment of businesses and related items: other income includes a release related to the China business divestment.[9] Other items: cost of goods sold, other income and other expense include the Group-wide rationalization of manufacturing sites; cost of goods sold, selling general and administration, development and regulatory, other income and other expense include the separation costs related to the spin-off; selling general and administration, development and regulatory, other income and other expense include the costs related to the transformation program and other restructuring charges; other income and other expense include legal related charges and adjustments to contingent considerations; other expense includes an onerous contract adjustment; other financial income and expense includes the net monetary impacts on the restatement of non-monetary items for subsidiaries in hyperinflationary economies.[10] For further breakdown of core adjustments by category, refer to table Reconciliation from IFRS operating income to core net income in the Half-Year Report 2025. [11] Taxes on the adjustments between IFRS and core results take into account, for each individual item included in the adjustment, the tax rate that will finally be applicable to the item based on the jurisdiction where the adjustment will finally have a tax impact. Generally, this results in amortization and impairment of intangible assets and acquisition-related restructuring and integration items having a full tax impact. There is usually a tax impact on other items, although this is not always the case for items arising from legal settlements in certain jurisdictions. Due to these factors and the differing applicable tax rates in the various jurisdictions, the tax on the total adjustments of USD 302 million to arrive at the core results before tax amounts to USD 44 million. The average tax rate on the adjustments was 14.6%. Further reconciliations of core results are available in the Supplementary financial information of the Half-Year Report 2025, which can be found here. Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
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Upholding the demanding requirements of reliable connectors for digital avionics upgrades for more than 60% of active military aircraft. The U.S. Market sat at USD 2.29 billion in 2024 and is projected to grow by USD 3.77 billion through 2032 due to modernization programs and advanced electronic systems with the fleets. Get a Sample Report of Aviation Connector Market @ Leading Market Players with their Product Listed in this Report are: TE Connectivity Amphenol Corporation ITT Inc Molex LLC Radiall Smiths Interconnect Carlisle Interconnect Technologies Hirose Electric Co. Ltd Glenair Inc Eaton Corporation Aviation Connector Market Report Scope: Report Attributes Details Market Size in 2024 USD 8.54 Billion Market Size by 2032 USD 14.39 Billon CAGR CAGR of 6.79% From 2025 to 2032 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Segments • By Application (Aircraft, Ground Control Systems, Aerospace Defense)• By Product Type (Circular, Rectangular, D-Sub, Fiber Optic) • By End-User (Commercial Aviation, Military Aviation, Private Aviation) Purchase Single User PDF of Aviation Connector Market Report (20% Discount) @ Key Industry Segmentation By Application Due to the extensive utilization of Aviation Connectors in avionics, engines, cabin systems, and flight control electronics, Aircraft segment dominated the Aviation Connector Market and held around 52.4% revenue share in 2024. 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With growing demand for high-bandwidth and EMI-safe solutions, Radiall's next generation lightweight data transmission technologies showcase optimum capability of fiber optic connectors to attain the highest CAGR of 8.54% during 2023 – 2032. By End-User In 2024, commercial aviation held the largest market share at 58.6%, driven by rising aircraft production, expanding passenger fleets, and the growing complexity of onboard electronic systems. Frequent maintenance also boosts connector replacement demand, with companies like Molex LLC supplying aviation-grade connectors for various subsystems. Military aviation is projected to grow at a 7.92% CAGR (2024–2032), fueled by increasing production of fighter jets and surveillance aircraft. Smiths Interconnect supports this growth with high-reliability connector solutions for mission-critical defense applications worldwide. 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Europe spearheaded by Germany continues to be an important market as it supports Airbus programs, has established MRO strength, and there exists high connector demand from the civil and defense side. UAE's aviation infrastructure drives the Middle East & Africa, Embraer production and defense upgrades lead in Latin America. Do you have any specific queries or need any customized research on Aviation Connector Market? Submit your inquiry here @ Recent Developments: In May 2025, Airbus U.S. and Shield AI have partnered to integrate Shield AI's Hivemind autonomy software into the unmanned MQ-72C Lakota for the U.S. Marine Corps' Aerial Logistics Connector (ALC) program. The collaboration aims to accelerate development of a scalable, autonomous cargo platform with enhanced range and mission-ready capabilities. USPS FOR AVIATION CONNECTOR MARKET Price analysis benchmarks – Helps you understand pricing trends across connector types and regions, enabling cost forecasting, budgeting accuracy, and procurement strategy planning. Helps you understand pricing trends across connector types and regions, enabling cost forecasting, budgeting accuracy, and procurement strategy planning. Investment and funding metrics – Helps you track venture capital flow, government grants, and private equity investments in connector technologies, supporting strategic financial decision-making. Helps you track venture capital flow, government grants, and private equity investments in connector technologies, supporting strategic financial decision-making. Supply chain statistics – Helps you assess supplier distribution, material availability, and regional production hubs to evaluate sourcing risks and logistics efficiency. Helps you assess supplier distribution, material availability, and regional production hubs to evaluate sourcing risks and logistics efficiency. Workforce and employment statistics – Helps you gauge industry employment trends, skill availability, training demands, and labor shortages impacting connector design and manufacturing. Helps you gauge industry employment trends, skill availability, training demands, and labor shortages impacting connector design and manufacturing. Capacity utilization rates – Helps you identify overcapacity or production constraints across key manufacturing hubs, guiding capital allocation and expansion strategy. Helps you identify overcapacity or production constraints across key manufacturing hubs, guiding capital allocation and expansion strategy. Supply chain disruption index – Helps you identify geopolitical, regulatory, or raw material risks affecting connector availability and lead time. Helps you identify geopolitical, regulatory, or raw material risks affecting connector availability and lead time. Competitive landscape – Helps you evaluate the positioning of key players based on market reach, recent developments, innovation pipelines, and product portfolio diversity. About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. 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