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Yahoo
5 days ago
- Business
- Yahoo
voestalpine AG (VLPNF) Full Year 2025 Earnings Call Highlights: Navigating Challenges with ...
Revenue: Decreased from EUR16.7 billion to EUR15.7 billion, a reduction of EUR1 billion. EBITDA: Declined from EUR1.7 billion to EUR1.3 billion. EBIT: Reported at EUR455 million, with adjusted EBIT at EUR770 million after accounting for non-recurring items. Net Debt: Stable at EUR1,650 million. Equity Ratio: 47%. Free Cash Flow: EUR309 million, down from EUR394 million the previous year. Earnings Per Share: Increased to EUR0.90 from EUR0.60. Gearing Ratio: Stable at 22%. Investment in Greentec Steel Project: EUR500 million of EUR1.5 billion already invested. Adjusted EBITDA: EUR1.5 billion after adjustments for non-recurring items. Outlook for EBITDA: Forecasted in the range of EUR1.4 billion to EUR1.55 billion for fiscal year '25-'26. Warning! GuruFocus has detected 4 Warning Sign with DLTR. Release Date: June 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. voestalpine AG (VLPNF) achieved solid results despite a challenging environment, particularly due to strong performance in railway systems and aviation sectors. The company maintained a stable, low-debt situation, focusing on free cash flow generation. The greentec steel project is progressing well, with one-third of the EUR1.5 billion investment already completed. The Steel Division showed strong performance, benefiting from stable demand in the automotive and energy sectors. The company is actively pursuing growth projects, including long-term contracts with truck manufacturers in North America and expansion in high-bay warehouse production. There was ailing demand in Automotive Components, mechanical engineering, and construction sectors, prompting reorganization projects. The European market, particularly Germany, was weak, impacting overall performance. The High Performance Metals Division faced low demand and underutilization of steel plants, especially in Europe and North America. The Metal Forming Division's Automotive Components business is still recovering from low domestic production levels in Europe. The company is facing uncertainties due to potential US tariffs, which could impact demand and production. Q: Could you share what happened with your sales to the US with the 25% tariffs in place? Have you been able to share the tariff cost with customers, or are you bearing the full cost? And regarding the 50% tariff, would the impact be greater because you could lose orders and production? A: Herbert Eibensteiner, CEO: Yes, the 25% tariffs led to a rise in steel prices, allowing us to pass some costs to customers through longer-term contracts. However, the 50% tariffs could lead to reduced orders from the US, as some products cannot be sourced locally, potentially impacting our production and demand. Q: Regarding European trade policy, you mentioned the potential extension of the free allocation path to 2034. Is this part of the Steel Action Plan, or is it something the European Commission is considering? A: Herbert Eibensteiner, CEO: We are lobbying for this extension as we invest in CO2 reduction. While some politicians are considering it, we are not sure of success. Other issues like safeguard measures and CBAM are also being discussed, but we may not get everything we want. Q: What is your base case scenario for the steel price cycle between now and the end of the year? A: Hubert Zajicek, Head of the Steel Division: We expect stable steel prices with no significant movement. Yearly contracts reflect current levels, and while there was an upturn earlier this year, prices have stabilized. We anticipate stable prices through the fiscal year with slight fluctuations. Q: Could you share the profit contribution from the railways business within the Metal Engineering Division? A: Gerald Mayer, CFO: The railway systems segment accounts for over 50% of the division's revenue and outperforms in terms of profitability and margin compared to the rest of the division. Q: On the CapEx side, how much of the EUR1.15 billion is for decarbonization, and where have you cut versus earlier guidance? A: Gerald Mayer, CFO: Approximately EUR350 million of the EUR1.15 billion CapEx is for decarbonization this year. We aim not to exceed this amount in future periods, with 25-30% of the total EUR1.5 billion decarbonization budget already spent. 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
Yahoo
5 days ago
- Business
- Yahoo
voestalpine AG (VLPNF) Full Year 2025 Earnings Call Highlights: Navigating Challenges with ...
Revenue: Decreased from EUR16.7 billion to EUR15.7 billion, a reduction of EUR1 billion. EBITDA: Declined from EUR1.7 billion to EUR1.3 billion. EBIT: Reported at EUR455 million, with adjusted EBIT at EUR770 million after accounting for non-recurring items. Net Debt: Stable at EUR1,650 million. Equity Ratio: 47%. Free Cash Flow: EUR309 million, down from EUR394 million the previous year. Earnings Per Share: Increased to EUR0.90 from EUR0.60. Gearing Ratio: Stable at 22%. Investment in Greentec Steel Project: EUR500 million of EUR1.5 billion already invested. Adjusted EBITDA: EUR1.5 billion after adjustments for non-recurring items. Outlook for EBITDA: Forecasted in the range of EUR1.4 billion to EUR1.55 billion for fiscal year '25-'26. Warning! GuruFocus has detected 4 Warning Sign with DLTR. Release Date: June 04, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. voestalpine AG (VLPNF) achieved solid results despite a challenging environment, particularly due to strong performance in railway systems and aviation sectors. The company maintained a stable, low-debt situation, focusing on free cash flow generation. The greentec steel project is progressing well, with one-third of the EUR1.5 billion investment already completed. The Steel Division showed strong performance, benefiting from stable demand in the automotive and energy sectors. The company is actively pursuing growth projects, including long-term contracts with truck manufacturers in North America and expansion in high-bay warehouse production. There was ailing demand in Automotive Components, mechanical engineering, and construction sectors, prompting reorganization projects. The European market, particularly Germany, was weak, impacting overall performance. The High Performance Metals Division faced low demand and underutilization of steel plants, especially in Europe and North America. The Metal Forming Division's Automotive Components business is still recovering from low domestic production levels in Europe. The company is facing uncertainties due to potential US tariffs, which could impact demand and production. Q: Could you share what happened with your sales to the US with the 25% tariffs in place? Have you been able to share the tariff cost with customers, or are you bearing the full cost? And regarding the 50% tariff, would the impact be greater because you could lose orders and production? A: Herbert Eibensteiner, CEO: Yes, the 25% tariffs led to a rise in steel prices, allowing us to pass some costs to customers through longer-term contracts. However, the 50% tariffs could lead to reduced orders from the US, as some products cannot be sourced locally, potentially impacting our production and demand. Q: Regarding European trade policy, you mentioned the potential extension of the free allocation path to 2034. Is this part of the Steel Action Plan, or is it something the European Commission is considering? A: Herbert Eibensteiner, CEO: We are lobbying for this extension as we invest in CO2 reduction. While some politicians are considering it, we are not sure of success. Other issues like safeguard measures and CBAM are also being discussed, but we may not get everything we want. Q: What is your base case scenario for the steel price cycle between now and the end of the year? A: Hubert Zajicek, Head of the Steel Division: We expect stable steel prices with no significant movement. Yearly contracts reflect current levels, and while there was an upturn earlier this year, prices have stabilized. We anticipate stable prices through the fiscal year with slight fluctuations. Q: Could you share the profit contribution from the railways business within the Metal Engineering Division? A: Gerald Mayer, CFO: The railway systems segment accounts for over 50% of the division's revenue and outperforms in terms of profitability and margin compared to the rest of the division. Q: On the CapEx side, how much of the EUR1.15 billion is for decarbonization, and where have you cut versus earlier guidance? A: Gerald Mayer, CFO: Approximately EUR350 million of the EUR1.15 billion CapEx is for decarbonization this year. We aim not to exceed this amount in future periods, with 25-30% of the total EUR1.5 billion decarbonization budget already spent. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Korea Herald
06-05-2025
- Business
- Korea Herald
Allianz Trade in Asia Pacific names Regional CEO
Rodrigo Jimenez to pick up Asia Pacific reins from Paul Flanagan HONG KONG, May 6, 2025 /PRNewswire/ -- Allianz Trade in Asia Pacific is pleased to announce that Rodrigo Jimenez will take on the role of Asia Pacific Regional CEO on 1 October 2025. He will succeed Paul Flanagan who is retiring after a 34-year career with the global leader in trade credit insurance. Mr Jimenez will begin a three-month transition period from 1 July 2025 and officially take over the helm on 1 October 2025. This appointment is subject to standard regulatory approval requirements. Mr Jimenez joined Allianz Trade in Brazil as CEO in 2014. Since 2021, he has been Regional Commercial Director for the Northern Europe region and being part of the Regional Management Team. In this role, he has developed and strengthened new distribution dynamics and strong synergies with the Risk department, which have in turn supported new business development and portfolio retention. He is also a keen advocate of digital transformation and has been closely involved in a number of crucial transformation projects in the Northern Europe region. Mr Jimenez holds an MBA degree from the Fundação Dom Cabral and a degree in Economics from the University of Sao Paulo. On his appointment, Mr Jimenez says, "It is an incredibly exciting time to be joining the Asia Pacific region. I am inspired by the growth Asia Pacific has already achieved and the transformative journey ahead, with plans to extend our presence to Vietnam, the thirteenth market in the region. Paul has set the bar high, establishing a solid foundation for this expansion, based on an unwavering commitment to customer experience and operational excellence. I look forward to continuing this mission, reinforcing our leadership position and driving innovation that delivers lasting value to our clients and partners across the region. I would like to congratulate Paul on an exemplary 34-year career at Allianz Trade and wish him every happiness in his retirement." About Allianz Trade Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was EUR3.8 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit
Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
Allianz Trade in Asia Pacific names Regional CEO
Rodrigo Jimenez to pick up Asia Pacific reins from Paul Flanagan HONG KONG, May 6, 2025 /PRNewswire/ — Allianz Trade in Asia Pacific is pleased to announce that Rodrigo Jimenez will take on the role of Asia Pacific Regional CEO on 1 October 2025. He will succeed Paul Flanagan who is retiring after a 34-year career with the global leader in trade credit insurance. Mr Jimenez will begin a three-month transition period from 1 July 2025 and officially take over the helm on 1 October 2025. This appointment is subject to standard regulatory approval requirements. Mr Jimenez joined Allianz Trade in Brazil as CEO in 2014. Since 2021, he has been Regional Commercial Director for the Northern Europe region and being part of the Regional Management Team. In this role, he has developed and strengthened new distribution dynamics and strong synergies with the Risk department, which have in turn supported new business development and portfolio retention. He is also a keen advocate of digital transformation and has been closely involved in a number of crucial transformation projects in the Northern Europe region. Mr Jimenez holds an MBA degree from the Fundação Dom Cabral and a degree in Economics from the University of Sao Paulo. On his appointment, Mr Jimenez says, 'It is an incredibly exciting time to be joining the Asia Pacific region. I am inspired by the growth Asia Pacific has already achieved and the transformative journey ahead, with plans to extend our presence to Vietnam, the thirteenth market in the region. Paul has set the bar high, establishing a solid foundation for this expansion, based on an unwavering commitment to customer experience and operational excellence. I look forward to continuing this mission, reinforcing our leadership position and driving innovation that delivers lasting value to our clients and partners across the region. I would like to congratulate Paul on an exemplary 34-year career at Allianz Trade and wish him every happiness in his retirement.' About Allianz Trade Allianz Trade is the global leader in trade credit insurance and a recognized specialist in the areas of surety, collections, structured trade credit and political risk. Our proprietary intelligence network is based on instant access to data of 289 million corporates. We give companies the confidence to trade by securing their payments. We compensate your company in the event of a bad debt, but more importantly, we help you avoid bad debt in the first place. Whenever we provide trade credit insurance or other finance solutions, our priority is predictive protection. But, when the unexpected arrives, our AA credit rating means we have the resources, backed by Allianz to provide compensation to maintain your business. Headquartered in Paris, Allianz Trade is present in over 40 countries with 5,800 employees. In 2024, our consolidated turnover was EUR3.8 billion and insured global business transactions represented EUR1,400 billion in exposure. For more information, please visit Cautionary note regarding forward-looking statements The statements contained herein may include prospects, statements of future expectations and other forward-looking statements that are based on management's current views and assumptions and involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such forward-looking statements. Such deviations may arise due to, without limitation, (I) changes of the general economic conditions and competitive situation, particularly in the Allianz Group's core business and core markets, (II) performance of financial markets (particularly market volatility, liquidity and credit events), (III) frequency and severity of insured loss events, including from natural catastrophes, and the development of loss expenses, (IV) mortality and morbidity levels and trends, (V) persistency levels, (VI) particularly in the banking business, the extent of credit defaults, (VII) interest rate levels, (VIII) currency exchange rates including the euro/US-dollar exchange rate, (IX) changes in laws and regulations, including tax regulations, (X) the impact of acquisitions, including related integration issues, and reorganization measures, and (XI) general competitive factors, in each case on a local, regional, national and/or global basis. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences. Allianz Trade contact Hong Kong UK Jason Wong Ian Silvera / Ambika Sharma +852 3665 8946 SEC Newgate allianztrade@ Follow us
Yahoo
26-04-2025
- Business
- Yahoo
Signify NV (PHPPY) Q1 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Nominal Sales: EUR1,448 million, a decrease of 1.3% with a positive currency effect of 1.4%. Comparable Sales: Declined by 2.8% overall; 0.9% decline excluding conventional business. Adjusted EBITA Margin: Decreased by 30 basis points to 8%. Net Income: EUR67 million, up from EUR44 million in Q1 last year. Free Cash Flow: EUR40 million. Professional Business Sales: EUR942 million, with a comparable sales decline of 1.8%. Consumer Business Sales: EUR311 million, with sales growth of 3.1%. OEM Business Sales: EUR92 million, with a comparable sales decline of 10.7%. Conventional Business Sales: EUR92 million, with a comparable sales decline of 23.9%. Adjusted EBITA Margin for Consumer Business: Improved by 40 basis points to 10.8%. Adjusted EBITA Margin for OEM Business: Decreased to 4.2%. Adjusted EBITA Margin for Conventional Business: 18.4%. Working Capital: Reduced by EUR31 million, from 7.3% to 7.2% of sales. Warning! GuruFocus has detected 2 Warning Signs with PHPPY. Release Date: April 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Signify NV (PHPPY) reported a sequential improvement in most of its businesses, with a strong contribution from connected offers, increasing the install base of connected light points from EUR126 million in Q1 '24 to EUR153 million. The company saw a faster-than-expected return to growth in both professional and consumer segments in China, bringing optimism for the rest of the year. Net income improved to EUR67 million compared to EUR44 million in Q1 last year, driven by lower restructuring costs and financial expenses. The Consumer business achieved sales growth of 3.1% with a positive contribution from all regions, and the adjusted EBITA margin improved by 40 basis points to 10.8%. Signify NV (PHPPY) was ranked 15th globally in the Corporate Knights rankings for the global 100 most sustainable corporations, highlighting its leadership in sustainability. Nominal sales decreased by 1.3% to EUR1,448 million, with comparable sales declining by 2.8% due to weakness in the professional Europe and OEM business. The adjusted EBITA margin decreased by 30 basis points to 8%, mainly due to adverse absorption of fixed costs and weakness in the high-margin professional business in Europe. The OEM business saw a significant decline in comparable sales by 10.7%, attributed to two major customers, with expectations that this effect will persist. The Conventional business experienced a decline in comparable sales by 23.9%, reflecting the structural decline of that business. The percentage of women in leadership positions decreased by 1% to 27%, which is not in line with the company's 2025 ambitions. Q: Can you provide more details on how you plan to shift sourcing from China in the second half of the year? A: Eric Rondolat, CEO: We have a plan to mitigate and flexibilize our supply chain to the maximum. We are working with suppliers and our manufacturing plants to move production from China to other countries, mainly in Asia. This includes both finished products and components, ensuring we meet the local content requirements for country of origin. Q: Is there an opportunity to gain market share in the US due to competitors' reliance on China? A: Eric Rondolat, CEO: Yes, we believe our footprint is advantageous compared to competitors who are more dependent on China. With most of our imports coming from Mexico and Canada under the USMCA agreement, we are less affected by tariffs, allowing us to potentially gain market share. Q: What are your observations on demand and pricing since tariffs were implemented? A: Eric Rondolat, CEO: We've seen relative stability in pricing across most businesses, with some price increases in the US already accepted by the market. We are monitoring the situation to remain competitive and ensure demand is not adversely affected. Q: How do you view the professional demand in Europe, and what are your expectations for recovery? A: Eric Rondolat, CEO: We remain cautious about Europe despite lower rates. The economy in key countries like Germany, the UK, and France is still impacted. We expect the business to stabilize but do not foresee a rebound in Europe in 2025. Q: Can you elaborate on the price development and cost savings in relation to gross margin trends? A: Zeljko Kosanovic, CFO: We see stabilization in pricing and improvement in volumes. We have a strong line of sight on bill of material savings, which, along with procurement efforts, should contribute positively to gross margin stabilization moving forward. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
