Latest news with #BBRG
Yahoo
14-05-2025
- Business
- Yahoo
Bekaert - Trading update for the first three months of 2025
Trading update for the first three months of 2025 Navigating challenging markets successfully Financial highlights Q1 2025 consolidated sales of € 991 million (-3% vs Q1 2024) driven by: Like for like volumes were down -1% (€ -12 million) Price-mix reduced sales by -1% (€ -11 million) Pricing impact from the pass-through of lower input costs was -2% (€ -23 million) Portfolio change <+1% (€ +4 million) Currency impact +1% (€ +9 million) Sales from joint ventures (non-consolidated) of € 214 million (-2% vs Q1 2024) Central overhead and operating cost savings partially offsetting margin pressures from the challenging market environment Lower capital expenditure requirements for 2025, growth platforms well positioned Intensive working capital focus to maintain robust cash flows Balance sheet remains strong with low financial leverage Dividend of € 1.90 per share proposed at AGM Ongoing two-year € 200 million share buyback program with around € 50 million purchased to date Operational and strategic highlights Rubber Reinforcement - strong performance in China offsetting volume decreases in Europe and North America; continued overcapacity and uncertainty over tariffs Steel Wire Solutions - solid sales performance both on volumes and mix BBRG - production output reliability maintained for Steel Ropes in UK and North America; tariff uncertainty delaying customer orders in Ropes and lower hoisting demand in China Specialty Businesses - Sustainable Construction experiencing project delays in flooring in North America, while adoption accelerates in growth markets; as expected, lower contribution from Ultra Fine Wires Steel Wire Solutions disposal in Costa Rica, Ecuador and Venezuela on track Tariff impacts The introduction of tariffs, the threat of further tariffs and escalating trade tensions are creating significant uncertainty for Bekaert, its suppliers and customers. Bekaert is a global business which benefits from a relatively high proportion of local sourcing and local production, and a business model where it is typical to pass on additional costs such as raw material or energy costs to its customers. The group is successfully negotiating increased pricing with its customers to include the additional tariffs. The financial impact of the tariffs to date has been minimal. In several business segments, most notably construction, customers are delaying orders or investment decisions awaiting clarity on the tariff situation. Beyond the simple application of tariffs to products and raw materials, there are larger, long-term questions as to how these tariffs will affect end market demand, change trade flows between regions, encourage substitution of alternative products and materials, and ultimately impact economies around the world. How these longer-term effects will impact is very uncertain at this stage and could be material. Outlook As outlined previously, the difficult market conditions of the second half of 2024 continued into Q1 2025 and in response Bekaert took actions to protect margins and cash flows. This weak business environment is expected to persist with the ongoing uncertainty around tariffs, global trade and macro-economic outlook. To date, Bekaert has been able to mitigate the impact of tariffs through local sourcing and production and with the direct pass through of tariff effects on raw materials and finished goods. Therefore, at the currently anticipated tariff levels and excluding any impacts from additional tariffs, the indirect and longer term impacts of tariffs or further economic deterioration, the group expects stable sales and EBITu margins for the full year 2025 compared with 2024, with a more equally weighted first and second half split. Conference call for analysts and investors Yves Kerstens, CEO, and Seppo Parvi, CFO, will present Bekaert's Q1 2025 trading update to analysts and investors at 09:00 a.m. CET on Wednesday 14 May. This presentation can be accessed live upon registration (registration link) and will be available on Bekaert's website after the event. Attachment p250514E - Trading update Q1 2025
Yahoo
15-04-2025
- Business
- Yahoo
New restaurants expected to open at former Big Boy locations
New restaurants are set to take over spaces where a beloved restaurant once stood. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] We will explain the push to try and make Dolly's Burgers and Shakes a household today on News Center 7 Daybreak from 4:25 a.m. until 7 a.m. TRENDING STORIES: Busy road closed after semi hits utility pole, wires down in Greene County Suspected drunk driver accused of ramming into police cruisers during chase arrested Sheriff's office pays tribute after local dispatcher dies As previously reported by News Center 7, these new restaurants will all open at former Frisch's restaurant locations. Dolly's, which is owned by Michigan-based Big Boy Restaurant Group (BBRG), has locations slotted for: Huber Heights: 8154 Old Troy Pike Englewood: 1095 S. Main Street Fairborn: 3110 Colonel Glenn Highway Kettering: 2861 Wilmington Pike Bellbrook: 6188 Wilmington Pike Xenia: 386 W. Main St. These locations are hiring and mostly recruiting managers and shift leaders, according to a BBRG spokesperson. It is unclear whether they will rehire Frisch's employees who lost their jobs. 'I think they should,' said Bentley Marshall. Several customers told News Center 7 that they don't care about the name, they just want the same food. We will update this story. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
08-04-2025
- Business
- Yahoo
Dolly's Burgers and Shakes to open in former Miami County Frisch's location
A restaurant is set to open at a former Frisch's location in the Miami Valley tomorrow, according to a Big Boy Restaurant Group spokesperson. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Dolly's Burgers and Shakes will have a soft opening at 20 Troy Town Drive at 7 a.m. on Tuesday. TRENDING STORIES: Local Big Lots store may reopen soon Former teacher's aide accused of assaulting boy with autism on school bus enters plea Former high school staffer accused of having sexual relationship with student pleads guilty The Big Boy Restaurant Group (BBRG) announced the restaurant's opening Monday evening. This Dolly's location will be the chain's fourth restaurant in Ohio and second in the Dayton area, the spokesperson said. >>RELATED: Miami Valley set for new Big Boy restaurant following area-wide closures 'We welcome everyone to come in to try our spin on American classics. Our menu features our Signature Burger, The Dolly Chicken Sandwich, Fish and Chips Dinner and our Classic Blockbuster Breakfast, among so many other favorite dishes. We take pride in serving our sauces, soups, dressings, and ice cream made in our very own commissary,' BBRG CEO Tamer Afr said. As previously reported by News Center 7, Dolly's Burgers and Shakes opened on Springboro Pike in Miamisburg on March 24. The restaurant will be open daily from 7 a.m. to 10 p.m. News Center 7 will continue to follow this story. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
21-03-2025
- Business
- Yahoo
Dolly's opening area's first location Monday in Miami Township
DAYTON, Ohio (WDTN) — Big Boy Restaurant Group is opening the Dayton area's first Dolly's Burgers and Shakes location near the Dayton Mall. At 7 a.m. on March 24, Dolly's will hold a soft opening at 8181 N. Springboro Pike in Miami Township. This is the building which previously housed Frisch's, which closed its doors in late 2024. On March 24, Dolly's is expected to provide free burgers to select customers. First 50 drive-thru customers with a free Signature Burger at 11 a.m. Up to 150 dine-in or carryout patrons with a free Signature Burger at 2 p.m. Guests wanting to participate in the food giveaway are able to line up starting at 1:30 p.m. All guests will also be able to participate to try and win door prizes like tickets to the Dayton Dragons and season passes to Kings Island. According to the company, the location will offer one free meal per day to each firefighter, first responder, paramedic and police officer who are in uniform through March 30. BBRG CEO Tamer Afr said upon opening the new location, Dolly's patrons will notice 'familiar flavors.' 'Dolly's will serve up all of the familiar flavors its parent company is known for when the restaurant chain opens its doors and drive-through window to guests in Miamisburg,' said Afr. The Miami Valley's next Dolly's location is planned to open in Troy at a later date. From 7 to 11 a.m. on weekdays and 8 a.m. to 2 p.m. on weekends, a breakfast bar will be available to guests. A salad and soup bar will be available each day from 7 a.m. to 10 p.m. The CEO also addressed rumors of which sauce may be used on burgers, which some may know an alternative from other locations of BBRG. 'But rest assured — contrary to what you may have heard, we know that the white sauce is the right sauce for our Signature Burgers in southwest Ohio,' Afr said. Through Easter, a seafood buffet will be offered on Fridays. — As of now, 'Dolly's Burgers and Shakes' is a 'working title,' as the company plans to expand across southwest Ohio. previously reported the new restaurant opened earlier this month in two Cincinnati suburbs. If you are looking to apply to the new location, available positions can be viewed here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-03-2025
- Business
- Yahoo
Restaurant to open in former local Frisch's location
The Big Boy Restaurant Group announced it will open a restaurant in a former Frisch's location in the Miami Valley. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Dolly's Burgers and Shakes will open on March 24 at 7 a.m. It will be at the former Frisch's on Springboro Pike in Miamisburg. 'Dolly's will serve up all of the familiar flavors its parent company is known for when the restaurant chain opens its doors and drive-through window to guests in Miamisburg,' said Tamer Afr, CEO of BBRG. TRENDING STORIES: Man formally charged after teen shot near local park An Ohio man died after going to the dentist, now police are asking questions First Look: Reds roll out new menu items at Great American Ballpark for 2025 season Dolly's Burgers & Shakes is a working title for the restaurant as Frisch's Big Boy blocked the original name, claiming it infringes on its territory and branding. On the opening day beginning at 11 a.m., the first 50 drive-thru guests will receive a free Signature Burger, and starting at 2 p.m., the first 150 dine-in or carry-out guests will get a free Signature Burger. All guests can win door prizes such as Dayton Dragons tickets and Kings Island season passes. The next Dolly's location on deck to open is slated for Troy, according to BBRG. We will continue to follow this story. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
