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Yahoo
5 days ago
- Business
- Yahoo
Ireland Construction Industry Report 2025-2029: Public and Private Sector Investments in Residential, Transport, Electricity Infrastructure Driving Growth
Explore Ireland's construction market growth, projected at 3.3% in 2025 and 4.8% annually from 2026 to 2029, driven by investments in transport, housing, and infrastructure. Key reports detail sector analysis, project pipelines, and future opportunities. Get insights from leading experts to drive strategic business decisions. Dublin, June 03, 2025 (GLOBE NEWSWIRE) -- The "Ireland Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)" report has been added to analyst expects the construction industry in Ireland to grow by 3.3% in real terms in 2025, before recording an annual average growth of 4.8% from 2026 to 2029, supported by public and private sector investments in transport, electricity, and residential infrastructure sectors. According to the Central Statistics Office (CSO), the total number of planning permissions granted for construction grew by 2.2% in 2024, preceded by a decline of 7.4% in 2023. In February 2025, the Minister of Transport, Darragh O'Brien, Minister of State, Sean Canney and Jerry Buttimer announced a EUR713 million ($776.9 million) investment program for regional and local roads in 2025. This funding represents an increase of over 8% compared to the previous year, and aims at enhancing road safety and improving the interconnected regional and local road network, ongoing maintenance and renewal of the regional and local road network, along with strategic investments to develop and enhance road infrastructureIn January 2025, the state-backed lender 'Home Building Finance Ireland' revealed that the loan approval for housebuilders increased by 42% in 2024, increasing from EUR1.7 billion ($1.9 billion) in 2023 to EUR2.7 billion ($2.9 billion). It had approved funding for the construction of 13,186 new homes in 23 counties. Furthermore, in February 2025, the Bank of Ireland revealed that it has approved EUR600 million ($653.8 million) in new construction loans aimed at supporting housebuilders in delivering approximately 4,000 new homes by 2028. This is in line with the Bank of Ireland's goal of facilitating the construction of 21,000 homes by 2028. Notably, this initiative also includes a commitment to provide 9,500 social and affordable homes, highlighting the bank's dedication to addressing housing needs in the community. In March 2025, the Minister for Housing, James Browne, announced a funding of EUR436 million ($475.1 million) for the construction of more than 1,300 new social homes across the country by 2027. Also, the Irish government announced in January 2025 that it plans to construct 41,000 housing units in 2025 and 43,000 units in 2026. The government aims to deliver 303,000 homes by the end of 2030. Scope Historical (2020-2024) and forecast (2025-2029) valuations of the construction industry in Ireland, featuring details of key growth drivers. Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. Listings of major projects, in addition to details of leading contractors and consultants Reasons to Buy Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies Assess market growth potential at a micro-level with over 600 time-series data forecasts Understand the latest industry and market trends Formulate and validate business strategies using the analyst's critical and actionable insight Assess business risks, including cost, regulatory and competitive pressures Evaluate competitive risk and success factors Key Topics Covered: 1 Executive Summary2 Construction Industry: At-a-Glance3 Context3.1 Economic Performance3.2 Political Environment and Policy3.3 Demographics3.4 Risk Profile4 Construction Outlook4.1 All Construction Outlook Latest news and developments Construction Projects Momentum Index 4.2 Commercial Construction Outlook Project analytics Latest news and developments 4.3 Industrial Construction Outlook Project analytics Latest news and developments 4.4 Infrastructure Construction Outlook Project analytics Latest news and developments 4.5 Energy and Utilities Construction Outlook Project analytics Latest news and developments 4.6 Institutional Construction Outlook Project analytics Latest news and developments 4.7 Residential Construction Outlook Project analytics Latest news and developments 5 Key Industry Participants5.1 Contractors5.2 Consultants6 Construction Market Data7 AppendixFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error 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
18-02-2025
- Business
- Yahoo
Commerzbank AG (CRZBF) Q4 2024 Earnings Call Highlights: Strong Financial Performance and ...
Net Return on Tangible Equity: 9.2% for 2024. Capital Return to Shareholders: EUR1.7 billion in 2024. Cost/Income Ratio: 59% in 2024, better than the target of 60%. Net Result: Increased by 20% to almost EUR2.7 billion in 2024. CET1 Ratio: 15.1% at the end of 2024. Net Interest Income (NII): EUR8.3 billion in 2024. Net Commission Income (NCI): Increased by 7% year on year. Corporate Clients Revenue Growth: 5% increase in 2024. Private and Small Business Customers Revenue Growth: Driven by 7% higher fee income. mBank Revenue Growth: 10% growth in both NII and NCI. Share Buyback Program: EUR600 million completed, with approval for an additional EUR400 million. Dividend Proposal: EUR0.65 per share. 2025 NII Guidance: EUR7.7 billion to EUR7.9 billion. 2025 Cost/Income Ratio Target: 57%. 2025 Risk Result Expectation: Around EUR850 million. 2025 Net Result Target: EUR2.4 billion, excluding restructuring charges. 2025 CET1 Ratio Target: At least 14%. Warning! GuruFocus has detected 4 Warning Sign with CRZBF. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Commerzbank AG (CRZBF) delivered a strong financial outperformance in 2024 with a net return on tangible equity of 9.2%, exceeding their target of at least 8%. The bank returned EUR1.7 billion more capital to shareholders than planned, demonstrating a commitment to shareholder value. Commerzbank AG achieved a cost/income ratio of 59%, better than their target of 60%, due to strong revenue growth and effective cost management. The Corporate Clients segment increased revenues by 5%, driven by substantial growth in fee, lending, and rates businesses. The bank's CET1 ratio stood at 15.1% at the end of 2024, providing a solid buffer above regulatory requirements and positioning them well for future growth. Commerzbank AG faced a pretax burden of EUR1 billion from legal provisions for FX mortgages in Poland, impacting their net result. The bank anticipates a risk result of around EUR850 million in 2025, reflecting a challenging economic environment. There are planned restructuring charges of EUR700 million pretax for headcount reduction as part of their momentum strategy. The bank's net interest income remained stable despite challenges posed by increased deposit betas and lower rates towards the end of the year. Commerzbank AG's mBank subsidiary in Poland faces ongoing risks from FX mortgages, although provisions are expected to decrease in 2025. Q: Can you clarify the payout above 100% in 2025 and whether it requires special approval from the ECB? Also, what level of wage inflation are you expecting in 2025? A: The payout above 100% in 2025 is part of our capital return policy, aligned with our Supervisory Board and acknowledged by the ECB, which agreed that restructuring costs fall under this one-off rule. Regarding wage inflation, there was a 5% increase in 2024, and for 2025, we expect a 4% increase for pay scale workers and a 5% increase for non-pay scale workers. Q: Could you provide more details on the deposit beta decline in Q4 and the structural hedge increase to EUR138 billion? A: The deposit beta decline in Q4 was mainly due to the maturity of higher rate site deposits in the PSBC area, reducing the beta to 39%. For 2025, we plan conservatively with a deposit beta, considering planned deposit growth. The EUR138 billion structural hedge is purely from deposits. Q: Could you elaborate on the risk result and targeted loan volume growth, especially regarding mortgage portfolios? A: In Q4, we saw single cases of defaults across industries, mainly in Corporate Clients, but no specific industry concerns us. Regarding mortgage portfolios, we expect nice growth due to price and interest rate developments, although not returning to previous peak levels. For Polish FX mortgages, we anticipate a significant decline in provisions in 2025. Q: What has driven the strong fee income growth, and how do you plan to manage the increasing share buybacks? A: The fee income growth in 2024 resulted from measures initiated in 2023 across all segments, including mBank, corporate clients, and private clients. For share buybacks, we start the year by assessing developments and apply for regulatory approval post-AGM and H1 results. Q: Can you provide insights into the conservative assumptions for 2025 NII and potential cost adjustments if revenue doesn't meet expectations? A: Conservative assumptions for 2025 NII include slightly higher forward rates, a planned deposit beta of 41%, and conservative deposit volume growth. If revenue falls short, we have flexibility to adjust costs, such as reducing marketing spending or delaying the hiring of relationship managers. Q: How do you assess loan growth in corporate clients, and what is the outlook for Polish FX mortgage provisions? A: We expect significant loan growth in corporate clients, driven by investments, particularly outside Germany and Europe. For Polish FX mortgages, we anticipate significantly lower provisions in 2025 compared to 2024, with 2025 likely being the last year of larger provisions. Q: How confident are you that the increased level of Stage 3 loans won't require higher provisions, and how have Aquila's assets under management developed? A: The increase in Stage 3 loans is due to a legacy case fully protected from a credit risk perspective, requiring no significant provisions. Aquila has seen a nice pickup in assets under management, particularly in Q4, and we will provide more concrete numbers post-call. Q: What are your thoughts on the strong deposit growth in Germany and Poland, and how does it affect the structural hedge? A: Deposit growth in Germany and Poland is linked to attracting volumes from savings customers. We will adjust the replication portfolio size according to growth, maintaining tranches with maturities of 2, 5, and 10 years. 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
Yahoo
14-02-2025
- Business
- Yahoo
Commerzbank AG (CRZBF) Q4 2024 Earnings Call Highlights: Strong Financial Performance and ...
Net Return on Tangible Equity: 9.2% for 2024. Capital Return to Shareholders: EUR1.7 billion in 2024. Cost/Income Ratio: 59% in 2024, better than the target of 60%. Net Result: Increased by 20% to almost EUR2.7 billion in 2024. CET1 Ratio: 15.1% at the end of 2024. Net Interest Income (NII): EUR8.3 billion in 2024. Net Commission Income (NCI): Increased by 7% year on year. Corporate Clients Revenue Growth: 5% increase in 2024. Private and Small Business Customers Revenue Growth: Driven by 7% higher fee income. mBank Revenue Growth: 10% growth in both NII and NCI. Share Buyback Program: EUR600 million completed, with approval for an additional EUR400 million. Dividend Proposal: EUR0.65 per share. 2025 NII Guidance: EUR7.7 billion to EUR7.9 billion. 2025 Cost/Income Ratio Target: 57%. 2025 Risk Result Expectation: Around EUR850 million. 2025 Net Result Target: EUR2.4 billion, excluding restructuring charges. 2025 CET1 Ratio Target: At least 14%. Warning! GuruFocus has detected 4 Warning Sign with CRZBF. Release Date: February 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Commerzbank AG (CRZBF) delivered a strong financial outperformance in 2024 with a net return on tangible equity of 9.2%, exceeding their target of at least 8%. The bank returned EUR1.7 billion more capital to shareholders than planned, demonstrating a commitment to shareholder value. Commerzbank AG achieved a cost/income ratio of 59%, better than their target of 60%, due to strong revenue growth and effective cost management. The Corporate Clients segment increased revenues by 5%, driven by substantial growth in fee, lending, and rates businesses. The bank's CET1 ratio stood at 15.1% at the end of 2024, providing a solid buffer above regulatory requirements and positioning them well for future growth. Commerzbank AG faced a pretax burden of EUR1 billion from legal provisions for FX mortgages in Poland, impacting their net result. The bank anticipates a risk result of around EUR850 million in 2025, reflecting a challenging economic environment. There are planned restructuring charges of EUR700 million pretax for headcount reduction as part of their momentum strategy. The bank's net interest income remained stable despite challenges posed by increased deposit betas and lower rates towards the end of the year. Commerzbank AG's mBank subsidiary in Poland faces ongoing risks from FX mortgages, although provisions are expected to decrease in 2025. Q: Can you clarify the payout above 100% in 2025 and whether it requires special approval from the ECB? Also, what level of wage inflation are you expecting in 2025? A: The payout above 100% in 2025 is part of our capital return policy, aligned with our Supervisory Board and acknowledged by the ECB, which agreed that restructuring costs fall under this one-off rule. Regarding wage inflation, there was a 5% increase in 2024, and for 2025, we expect a 4% increase for pay scale workers and a 5% increase for non-pay scale workers. Q: Could you provide more details on the deposit beta decline in Q4 and the structural hedge increase to EUR138 billion? A: The deposit beta decline in Q4 was mainly due to the maturity of higher rate site deposits in the PSBC area, reducing the beta to 39%. For 2025, we plan conservatively with a deposit beta, considering planned deposit growth. The EUR138 billion structural hedge is purely from deposits. Q: Could you elaborate on the risk result and targeted loan volume growth, especially regarding mortgage portfolios? A: In Q4, we saw single cases of defaults across industries, mainly in Corporate Clients, but no specific industry concerns us. Regarding mortgage portfolios, we expect nice growth due to price and interest rate developments, although not returning to previous peak levels. For Polish FX mortgages, we anticipate a significant decline in provisions in 2025. Q: What has driven the strong fee income growth, and how do you plan to manage the increasing share buybacks? A: The fee income growth in 2024 resulted from measures initiated in 2023 across all segments, including mBank, corporate clients, and private clients. For share buybacks, we start the year by assessing developments and apply for regulatory approval post-AGM and H1 results. Q: Can you provide insights into the conservative assumptions for 2025 NII and potential cost adjustments if revenue doesn't meet expectations? A: Conservative assumptions for 2025 NII include slightly higher forward rates, a planned deposit beta of 41%, and conservative deposit volume growth. If revenue falls short, we have flexibility to adjust costs, such as reducing marketing spending or delaying the hiring of relationship managers. Q: How do you assess loan growth in corporate clients, and what is the outlook for Polish FX mortgage provisions? A: We expect significant loan growth in corporate clients, driven by investments, particularly outside Germany and Europe. For Polish FX mortgages, we anticipate significantly lower provisions in 2025 compared to 2024, with 2025 likely being the last year of larger provisions. Q: How confident are you that the increased level of Stage 3 loans won't require higher provisions, and how have Aquila's assets under management developed? A: The increase in Stage 3 loans is due to a legacy case fully protected from a credit risk perspective, requiring no significant provisions. Aquila has seen a nice pickup in assets under management, particularly in Q4, and we will provide more concrete numbers post-call. Q: What are your thoughts on the strong deposit growth in Germany and Poland, and how does it affect the structural hedge? A: Deposit growth in Germany and Poland is linked to attracting volumes from savings customers. We will adjust the replication portfolio size according to growth, maintaining tranches with maturities of 2, 5, and 10 years. 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
Zawya
10-02-2025
- Climate
- Zawya
European Union (EU) supports early action as climate extremes compound hunger in the Greater Horn of Africa
The Danish Refugee Council (DRC), United Nations Food and Agriculture Organisation (FAO), International Federation of the Red Cross and Red Crescent Societies (IFRC), IGAD Climate Prediction and Applications Centre (ICPAC), and the World Food Programme (WFP) have welcomed a contribution of EUR4 million from the Directorate-General for European Civil Protection and Humanitarian Aid Operations (DG ECHO) to launch a joint project to protect vulnerable communities in the Greater Horn of Africa from the devastating impacts of climate extremes, conflict, and displacement. 'Increasingly frequent and intense climate extremes such as droughts and floods are compounding existing drivers of hunger such as conflict, displacement and economic instability. As livestock and crops perish, livelihoods are lost, and hunger deepens. Early action saves lives, builds people's resilience to face future crises, and eases the strain on limited humanitarian resources,' said Rukia Yacoub, WFP's Deputy Regional Director for Eastern Africa. 'Scaling Coordinated Multi-Hazard and Conflict-Sensitive Anticipatory Action in the Greater Horn of Africa' will support 450,000 vulnerable people in Ethiopia and Somalia for two years by reducing the impacts of forecasted shocks before they become crises through capacity strengthening of weather agencies to provide timely, accurate forecasts, enabling better community and government response. "The IGAD region faces escalating risks from droughts, floods, cyclones, and conflicts, worsening humanitarian crises that threaten lives and livelihoods. This project proposes a holistic, regional, and harmonized approach to strengthen early warning systems for anticipatory action, enhance cross-border coordination, and facilitate risk-informed decision-making to ensure timely, life-saving early actions. With the March-May forecast indicating below-normal rainfall for the upcoming season, urgent preparedness is essential. Furthermore, this funding will directly support the implementation of the IGAD Regional Roadmap for Anticipatory Action, aiding member states in anticipating and undertaking early actions, improving coordination, and building resilience against climate shocks," said Dr. Workneh Gebeyehu, IGAD's Executive Secretary. The 2024-2026 project includes an additional EUR2.7 million joint contribution from the five implementing partners (DRC, FAO, IFRC, IGAD and WFP). 'By supporting this new programme, the European Union intends to enhance our delivery of Anticipatory Action ahead of disasters which are predictable in the region and promote the resilience of communities across the region,' said Ségolène de Beco, the head of the European Union's regional humanitarian aid office in Nairobi. Distributed by APO Group on behalf of World Food Programme (WFP).
