Latest news with #EUR100
Yahoo
23-05-2025
- Business
- Yahoo
CTS Eventim AG & Co. KGaA (CEVMF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth ...
Revenue: Just under EUR500 million, an increase of 22% year-over-year. Adjusted EBITDA: Just over EUR100 million, same as normal EBITDA for the quarter. Retail Tickets Sold: Increased by 42%, with stronger growth outside Germany (up 71%). Gross Transaction Volume (GTV): EUR8.2 billion, a 7.2% increase versus the last 12 months. EBITDA: EUR100.3 million, nearly EUR40 million higher than last year, a 9% increase. Earnings Before Tax (EBT): EUR72 million, EUR23 million lower than last year. Ticketing Revenue: EUR214 million, a growth of 17% year-over-year. Live Entertainment Revenue: Highest ever for the first quarter, driven by organic growth. Warning! GuruFocus has detected 5 Warning Signs with BOG:BOGOTA. Release Date: May 22, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CTS Eventim AG & Co. KGaA (CEVMF) reported a 22% increase in revenue, reaching just under EUR500 million for Q1 2025. The company achieved a 42% increase in the number of retail tickets sold, with international markets showing a 71% growth. The gross transaction volume (GTV) increased to EUR8.2 billion, marking a 7.2% rise over the last 12 months. The live entertainment segment experienced its highest revenue for a first quarter, driven by organic growth. CTS Eventim AG & Co. KGaA (CEVMF) confirmed its full-year guidance, indicating confidence in meeting its financial targets for 2025. Earnings before tax decreased by EUR23 million compared to the previous year, primarily due to a EUR40 million fixed effect in financial results. The EBITDA margin was slightly lower than the previous year, affected by integration costs from recent acquisitions. The company faced a lower interest income due to the changed interest rate environment. There were higher financial expenses in Q1 2025, amounting to around EUR14 million. The effective tax rate was 34% for the quarter, which was higher than expected. Q: Your main global competitor is involved in a possible venue in the south of Germany. What are your thoughts on this? A: We are aware that Live Nation is partnering with someone to build an arena in Munich, but there is no exclusivity or final agreement yet. Live Nation is heavily involved in global venue development, planning to invest over EUR4 billion by 2030. Q: How are France Billet and See Tickets performing post-acquisition, and what are the integration costs? A: We are satisfied with the acquisitions, though integration involves significant work and costs. Integration costs are expected to continue throughout the year, with some spillover into next year. France Billet is further along in integration compared to See Tickets. Q: Can you provide an update on free cash flow and working capital headwinds? A: The free cash flow burn is due to normal seasonality, where cash from early ticket sales in Q3 and Q4 is paid out as shows occur. We remain confident in our full-year guidance, expecting stronger performance in the second half. Q: What are your expectations for the financial results and tax rate for the full year? A: Financial results are influenced by exchange rates, particularly the US dollar. We expect a low to mid-size two-digit number for financial results. The effective tax rate was 34% for the quarter, driven by technical effects, and we will provide more details offline. Q: What is the outlook for ticketing margins and growth? A: Ticketing margins were diluted by the integration of France Billet and See Tickets, but we expect synergies to improve margins over time. Organic growth in ticketing was around 6-7% after adjusting for acquisitions and blockbusters from the previous year. 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
Fintech News ME
22-05-2025
- Business
- Fintech News ME
Turkcell Secures €100 Million Murabaha Financing from Emirates NBD
Turkcell, a digital services and telecommunications company based in Türkiye, has announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured €100 million in murabaha financing through an agreement with Emirates NBD Bank. The five-year financing facility is intended to support Turkcell Group's data centre investments through TDC, advance its digital infrastructure initiatives, and align with its long-term strategic plans. The murabaha-based financing, which complies with Islamic finance principles, represents a step forward in TDC's efforts to strengthen its position in the data centre and cloud services sector. Turkcell's broader strategy includes the development of high-capacity and environmentally sustainable data centres to address growing demand in areas such as cloud computing, AI and big data. The company aims to contribute to national digitalisation efforts while serving local businesses and attracting international clients seeking secure and scalable digital solutions. Commenting on the agreement, Kamil Kalyon, Chief Financial Officer at Turkcell, stated: 'We are proud to attract international investment into our data centre operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape.' Kalyon added that the financing structure is expected to support further cooperation in the Gulf region. 'This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets.' Emirates NBD Capital, the global investment banking arm of the Emirates NBD group, acted as both Mandated Lead Arranger and Bookrunner for the transaction. The institution had previously supported Turkcell's US$ 1 billion Eurobond issuance in 2024. Pri McNair, Group Co Head of Corporate Coverage at Emirates NBD, said: 'Emirates NBD's EUR100 million murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we are proud to support the company's data centre expansion, consolidating its position as a telecom leader.'
Yahoo
20-05-2025
- Business
- Yahoo
Turkcell Secures €100 Million Investment to Boost Data Center Business Expansion
DUBAI, United Arab Emirates, May 20, 2025--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured EUR100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group's data center investments via TDC, accelerate its digital infrastructure initiatives, and align with its long-term strategic growth objectives. Strategic Financing to Drive Data Center Expansion The financing agreement, which is based on interest-free murabaha principles, marks a significant milestone for TDC as it enhances its position in the data center and cloud business. Turkcell's strategy focuses on high-capacity, eco-friendly data centers to meet the growing demands of cloud computing, AI, and big data. Aligning with national digitalization goals, Turkcell supports local businesses while attracting global customers seeking secure and scalable digital solutions. "The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell. It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape," said Kamil Kalyon, Chief Financial Officer at Turkcell. Diversifying Financing Sources and Strengthening Gulf Relations Kamil Kalyon continued, "This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets. This agreement with Emirates NBD underscores Turkcell's commitment to expand its digital infrastructure capabilities while reinforcing its role as a trusted partner in the global finance community." Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: "Emirates NBD's EUR100 million Murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we're proud to support the company's data center expansion, consolidating its position as a telecom leader. This transaction further reinforces Emirates NBD's role as a trusted financial partner delivering tailored solutions that drive sustainable growth." ABOUT TURKCELL: Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data and IPTV services over its mobile and fixed networks along with digital consumer, enterprise and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at ABOUT EMIRATES NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water. View source version on Contacts +905322106020 Sign in to access your portfolio
Business Wire
20-05-2025
- Business
- Business Wire
Turkcell Secures €100 Million Investment to Boost Data Center Business Expansion
DUBAI, United Arab Emirates--(BUSINESS WIRE)--Turkcell (NYSE: TKC) (BIST: TCELL) announced that its subsidiary, TDC Veri Hizmetleri (TDC), has secured EUR100 million in murabaha financing through a strategic agreement with Emirates NBD Bank, a leading banking group in the Middle East and Turkiye (MENAT) region. The five-year financing agreement is intended to empower Turkcell Group's data center investments via TDC, accelerate its digital infrastructure initiatives, and align with its long-term strategic growth objectives. Strategic Financing to Drive Data Center Expansion The financing agreement, which is based on interest-free murabaha principles, marks a significant milestone for TDC as it enhances its position in the data center and cloud business. Turkcell's strategy focuses on high-capacity, eco-friendly data centers to meet the growing demands of cloud computing, AI, and big data. Aligning with national digitalization goals, Turkcell supports local businesses while attracting global customers seeking secure and scalable digital solutions. 'The financing secured with Emirates NBD is a testament to the confidence that global financial institutions have in Turkcell. It further affirms that our strategic commitment to driving future growth and delivering value to our investors is steering us in the right direction. We are proud to attract international investment into our data center operations. And we believe these investments will pave the way for more strategic partnerships and future investments, unlocking new opportunities for growth and collaboration in the digital landscape,' said Kamil Kalyon, Chief Financial Officer at Turkcell. Diversifying Financing Sources and Strengthening Gulf Relations Kamil Kalyon continued, 'This murabaha financing structure, adhering to Islamic finance principles, is expected to open new avenues for collaboration in the Gulf region. By diversifying our financing portfolio, TDC can mitigate risks while exploring further strategic partnerships in key markets. This agreement with Emirates NBD underscores Turkcell's commitment to expand its digital infrastructure capabilities while reinforcing its role as a trusted partner in the global finance community.' Pri McNair, Group Co-Head of Corporate Coverage at Emirates NBD, said: "Emirates NBD's EUR100 million Murabaha financing deal with Turkcell is part of a long-term strategy to support growth-oriented companies investing in digital transformation. This deal reflects our confidence in Turkcell and we're proud to support the company's data center expansion, consolidating its position as a telecom leader. This transaction further reinforces Emirates NBD's role as a trusted financial partner delivering tailored solutions that drive sustainable growth.' ABOUT TURKCELL: Turkcell is a technology and telecommunications company headquartered in Türkiye, offering a unique portfolio of voice, data and IPTV services over its mobile and fixed networks along with digital consumer, enterprise and techfin services. Turkcell Group operates in three countries: Türkiye, Belarus and Northern Cyprus. Listed on both the NYSE and BIST since July 2000, Turkcell remains the only dual-listed company on these exchanges. Read more at ABOUT EMIRATES NBD: Emirates NBD (DFM: Emirates NBD) is a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region with a presence in 13 countries, serving over 9 million active customers. As at 31st March 2025, total assets were AED 1 trillion, (equivalent to approx. USD 272 billion). The Group has operations in the UAE, Egypt, India, Türkiye, the Kingdom of Saudi Arabia, Singapore, the United Kingdom, Austria, Germany, Russia and Bahrain and representative offices in China and Indonesia with a total of 839 branches and 4,539 ATMs / SDMs. Emirates NBD is the leading financial services brand in the UAE with a Brand value of USD 4.54 billion. Emirates NBD Group serves its customers (individuals, businesses, governments, and institutions) and helps them realise their financial objectives through a range of banking products and services including retail banking, corporate and institutional banking, Islamic banking, investment banking, private banking, asset management, global markets and treasury, and brokerage operations. The Group is a key participant in the global digital banking industry with 97% of all financial transactions and requests conducted outside of its branches. The Group also operates Liv, the lifestyle digital bank by Emirates NBD, with close to half a million users, it continues to be the fastest-growing bank in the region. Emirates NBD contributes to the construction of a sustainable future as an active participant and supporter of the UAE's main development and sustainability initiatives, including financial wellness and the inclusion of people of determination. Emirates NBD is committed to supporting the UAE's Year of Sustainability as Principal Banking Partner of COP28 and an early supporter to the Dubai Can sustainability initiative, a city-wide initiative aimed to reduce use of single-use plastic bottled water.
Yahoo
26-04-2025
- Business
- Yahoo
Stora Enso Oyj (SEOAY) Q1 2025 Earnings Call Highlights: Strong Sales Growth Amid Operational ...
Sales Growth: Increased by 9% to EUR2.4 billion. Adjusted EBIT: EUR175 million, up 18% year-over-year with a 7.4% margin. Operating Working Capital: Decreased by 3 percentage points to 7%. Net Debt: Increased to EUR3.9 billion, with a net debt to EBITDA ratio of 3.2 times. Capital Expenditure: Approximately EUR240 million, expected to decrease after Q2. Cash Flow from Operations: EUR192 million, negatively impacted by a EUR100 million increase in working capital. Packaging Materials EBIT: Increased by EUR10 million to EUR62 million. Biomaterials EBIT: Decreased to EUR36 million due to lower sales prices and higher costs. Forest EBIT: Record high at EUR82 million, with assets fair value at EUR9.3 billion. Warning! GuruFocus has detected 8 Warning Signs with SEOAY. Release Date: April 25, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Sales grew by 9% in the first quarter, reaching EUR 2.4 billion. Achieved a robust adjusted EBIT of EUR 175 million, representing an 18% increase year-over-year. Successful production start of the new consumer board line at the Oulu Mill. Regulatory approval to proceed with the acquisition of Finnish sawmills, Junnikkala, enhancing operational synergies. Plans to implement a new leaner and flatter organizational structure to enhance efficiency and performance culture. Adjusted EBIT for the full year 2025 is expected to be adversely impacted by approximately EUR 100 million due to the ramp-up of the new packaging board line. Higher fiber costs negatively impacted results, with a total negative impact of EUR 131 million in the quarter. Cash flow after investing activities was negative at EUR 47 million, driven by the Oulu project. Wood costs remain at record high levels, impacting profitability. The Packaging Solutions division continues to face challenges due to market overcapacity and oversupply. Q: Can you explain the changes in the operational structure and what they imply for Stora Enso? A: Hans Sohlstrom, President and CEO, explained that the company is removing one management layer and creating a flatter organization with seven P&L responsible business areas. This change involves integrating Nordic sawmills with the closest pulp and board integrates to enhance efficiencies. The new structure will have 21 P&L responsible business units, decentralizing P&L responsibility closer to operations and sales. Q: Regarding the Oulu mill ramp-up, what are the expected sales and pricing assumptions for 2025? A: Hans Sohlstrom stated that while specific volume targets for 2025 are not disclosed, the EUR800 million sales target is based on average long-term prices for folded boxboard and coated unbleached kraft. The ramp-up is progressing well, with prime quality customer trials underway. Q: How are current US tariffs impacting Stora Enso's operations, and what are the opportunities? A: Hans Sohlstrom noted that US tariffs have a limited impact as sales to the US account for less than 3% of total sales. The company is renegotiating contracts and pricing in the US and sees opportunities in markets implementing countermeasures to US tariffs. Stora Enso remains committed to the US market while exploring new opportunities globally. Q: What is the outlook for wood costs and other input costs for the remainder of the year? A: Hans Sohlstrom mentioned that wood costs are at record high levels but are expected to stabilize. The mills will be dedicated to specific business areas, with some exceptions like the Oulu mill, which will report into the carton board business area despite producing some containerboard. Q: Can you provide an update on the forest sales process and its timeline? A: Hans Sohlstrom confirmed that the forest sales process is proceeding as planned, with expectations to finalize in the first half of 2025. Despite market volatility, the stable forest asset remains attractive, and its value has increased since the deal was announced. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
