Latest news with #CNSRF
Yahoo
14-05-2025
- Business
- Yahoo
CoinShares International Ltd (CNSRF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CoinShares International Ltd (CNSRF) reported a solid Q1 2025 performance with revenue from asset management fees increasing to $29.6 million, up from $24.5 million in Q1 2024. The company successfully transitioned its functional and presentation currency to USD, reflecting its growing exposure to US-denominated transactions. CoinShares Physical platform led the European crypto ETP space in Q1, bringing in $269 million in net inflows, three times more than the nearest competitor. The company maintained a strong EBITDA margin of 75% despite a challenging market environment. CoinShares International Ltd (CNSRF) is actively pursuing a US listing, which could enhance its market presence and investor base. The company faced a significant quarterly decline in digital asset prices, marking the most substantial drop since Q2 2022. Gains and other income within capital markets decreased to $11.9 million from $14.1 million in Q1 2024. The company's principal investments showed a negative movement of $1.5 million, with a Treasury loss of $3 million. CoinShares International Ltd (CNSRF) experienced net outflows of $288 million from its US platform, primarily from the SOT BTC ETF. The company's gross margin declined slightly to 89% due to a reallocation of certain marketing costs into direct costs. Warning! GuruFocus has detected 3 Warning Signs with CNSRF. Q: How much of CoinShares' physical inflows are from existing markets versus new geographies? A: Our European market is primarily focused on European customers, with a strong concentration of investors in Stockholm and Milan. The distribution of our products is spread throughout Europe. Q: What can CoinShares do to capitalize on the US crypto market besides listing? A: Listing in the US has been a long-term commitment for us. The US regulatory environment is becoming more open to crypto, and we are hopeful to execute on our mission to list there. Q: How has CoinShares' staking income held up despite falling Ethereum prices and yields? A: Staking income has declined approximately 20% from $7.3 million in Q4 2024 to $5.6 million in Q1 2025. The decline is largely equivalent to the price movement of Ethereum over the quarter. Q: What is the typical loan book size and maturity for CoinShares? A: The total amount of outstanding loans at the end of Q1 was approximately $100 million, with 4 or 5 counterparties. Loans are typically short-term and can be recalled on demand to adhere to our risk framework. Q: How does CoinShares view the competition in the European markets, and has it changed your strategy? A: We focus on our own execution rather than worrying about competitors. We continue to concentrate on our own affairs and execution strategies. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
14-05-2025
- Business
- Yahoo
MBB SE (FRA:MBB) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic Market ...
Release Date: May 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. MBB SE (FRA:MBB) reported a strong start to 2025 with a 27% revenue growth to 260 million euros. The company achieved a 32% increase in adjusted EBITDA, reaching 30 million euros, with a margin improvement to 11.5%. The service and infrastructure segment, particularly F4A and DTS, delivered excellent results with more than 100% increase in EBITDA. MBB SE (FRA:MBB) successfully entered the SAS market with two companies, fulfilling a long-term ambition. The company maintains a robust balance sheet with 467 million euros in net cash, providing ample room for M&A and shareholder returns. Technological applications and consumer goods segments had a modest start to the year, with weaker demand in the automotive industry. Alman and Dignit faced challenges due to a 6% revenue decline and volatile demand from OEM customers. The consumer goods segment experienced temporarily lower productivity due to the ramp-up of new machinery. Despite strong Q1 results, the overall guidance reflects caution due to a volatile macro environment. The company anticipates a cautious outlook for Dignit with a revenue guidance of 68 million euros and a 6-7% EBITDA margin. Warning! GuruFocus has detected 3 Warning Signs with CNSRF. Q: Can you provide an overview of MBB SE's performance in Q1 2025? A: Tom Reischler, CIO of MBB SE, reported a strong start to the year with a 27% revenue growth to 260 million and a 32% increase in adjusted EBITDA to 30 million, resulting in an 11.5% margin. The service and infrastructure segment, particularly F4A and DTS, drove this growth with over 100% EBITDA increase, while other segments had a more modest start. Q: What were the key drivers behind the performance of the service and infrastructure segment? A: The segment's success was attributed to excellent results from F4A and DTS. F4A achieved a 73% year-on-year top-line growth, driven by smooth project execution and favorable weather conditions. DTS saw a 20% revenue increase and a 15% EBITDA margin, benefiting from recovering demand and software sales growth. Q: How did the technological applications segment perform, and what are the future expectations? A: The segment faced challenges due to weaker demand in the automotive industry. However, effective cost management helped improve the adjusted EBITDA margin to 11%. The company is focusing on industrial automation and other sectors to diversify its market presence. The guidance for 2025 remains at 210-230 million in revenues with an 8-10% EBITDA margin. Q: What is the outlook for the consumer goods segment? A: The consumer goods segment had a moderate start due to a softer consumer environment. Hanker is ramping up new converting machinery, expected to boost revenue and profitability in the second half of the year. C form ports is seeing slight improvements in the furniture market, with hopes for further recovery. Q: What are MBB SE's financial strategies and shareholder returns? A: MBB SE maintains a strong balance sheet with 467 million in net cash, providing flexibility for M&A, share buybacks, and dividends. The company plans to propose a base dividend increase to 1.11 and an extra dividend of 2.22, totaling 3.33 per share, marking the 15th consecutive increase in the base dividend. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
