Latest news with #Electrify
Scoop
26-05-2025
- Business
- Scoop
Energised Crowd Plugs In At Electrify Queenstown 2025
Press Release – Destination Queenstown Within a week of tickets going live the opening day event was fully subscribed, highlighting strong community interest in electrification and innovation across the Queenstown Lakes District. More than 200 attendees have gathered at Skyline Queenstown, as Electrify Queenstown 2025 launches today. The three-day programme helps businesses and households explore practical ways to reduce energy bills, electrify, and decarbonise. Within a week of tickets going live the opening day event was fully subscribed, highlighting strong community interest in electrification and innovation across the Queenstown Lakes District. Industry leaders and global experts will take the stage, including keynote speaker Dr Saul Griffith, inventor, internationally acclaimed author of ' Electrify ', and chief scientist at multiple organisations working on climate action and clean energy research. Commenting on the importance of the event, Dr Griffith said: 'With the U.S taking a sabbatical from climate action, the world needs climate leadership. 'New Zealand and Australia — two countries where electrification has crossed the economic tipping point — have a generational opportunity to deliver community-led electrification that will pave the way for the world to follow on effective climate action. 'What better place than Queenstown to showcase the benefits of an electrified future,' Dr Griffith said. Powered by principal sponsor, Aurora Energy for a second year, Electrify Queenstown brings together entrepreneurs, policymakers, innovators and business leaders to share opportunities to create a more resilient and sustainable future. Mat Woods, Chief Executive of Destination Queenstown and Lake Wānaka Tourism, says the region is proud to host such a future focused event. 'Electrify Queenstown will showcase leading electric innovations and practical solutions to empower both households and businesses to take steps toward a more energy-efficient, low-emissions future, often with significant cost savings. 'Whether you're exploring electric transport, improving energy use at home, or finding ways to cut business operating costs, there will be something for everyone,' Mat said. The momentum continues Tuesday 27 May, with over 300 people expected at the Queenstown Event Centre for an exhibition and tradeshow. The expo is free to attend, with more than 40 exhibitors across solar energy, home heating, cooking and insulation, EV's and charging facilities, and banks offering low-interest green loans. Attendees have the chance to test-drive seven of the latest electric vehicles, explore electric boats and e-bikes, and experience virtual reality transport technology. Electrify Queenstown will wrap up on Wednesday 28 May with an electric experience from Queenstown Marina to Forest Lodge Orchard at Mt Pisa. Queenstown Marina is home to New Zealand's first publicly accessible electric boat charging infrastructure, while Forest Lodge is the world's first 100% electric cherry orchard. Guests will be taken on a behind-the-scenes tour of this pioneering farm. Electrify Queenstown supports the region's ambition for regenerative tourism by 2030, underpinned by the keystone project to achieve a carbon zero visitor economy.
Scoop
26-05-2025
- Business
- Scoop
Energised Crowd Plugs In At Electrify Queenstown 2025
More than 200 attendees have gathered at Skyline Queenstown, as Electrify Queenstown 2025 launches today. The three-day programme helps businesses and households explore practical ways to reduce energy bills, electrify, and decarbonise. Within a week of tickets going live the opening day event was fully subscribed, highlighting strong community interest in electrification and innovation across the Queenstown Lakes District. Industry leaders and global experts will take the stage, including keynote speaker Dr Saul Griffith, inventor, internationally acclaimed author of " Electrify", and chief scientist at multiple organisations working on climate action and clean energy research. Commenting on the importance of the event, Dr Griffith said: 'With the U.S taking a sabbatical from climate action, the world needs climate leadership. 'New Zealand and Australia — two countries where electrification has crossed the economic tipping point — have a generational opportunity to deliver community-led electrification that will pave the way for the world to follow on effective climate action. 'What better place than Queenstown to showcase the benefits of an electrified future,' Dr Griffith said. Powered by principal sponsor, Aurora Energy for a second year, Electrify Queenstown brings together entrepreneurs, policymakers, innovators and business leaders to share opportunities to create a more resilient and sustainable future. Mat Woods, Chief Executive of Destination Queenstown and Lake Wānaka Tourism, says the region is proud to host such a future focused event. 'Electrify Queenstown will showcase leading electric innovations and practical solutions to empower both households and businesses to take steps toward a more energy-efficient, low-emissions future, often with significant cost savings. 'Whether you're exploring electric transport, improving energy use at home, or finding ways to cut business operating costs, there will be something for everyone,' Mat said. The momentum continues Tuesday 27 May, with over 300 people expected at the Queenstown Event Centre for an exhibition and tradeshow. The expo is free to attend, with more than 40 exhibitors across solar energy, home heating, cooking and insulation, EV's and charging facilities, and banks offering low-interest green loans. Attendees have the chance to test-drive seven of the latest electric vehicles, explore electric boats and e-bikes, and experience virtual reality transport technology. Electrify Queenstown will wrap up on Wednesday 28 May with an electric experience from Queenstown Marina to Forest Lodge Orchard at Mt Pisa. Queenstown Marina is home to New Zealand's first publicly accessible electric boat charging infrastructure, while Forest Lodge is the world's first 100% electric cherry orchard. Guests will be taken on a behind-the-scenes tour of this pioneering farm. Electrify Queenstown supports the region's ambition for regenerative tourism by 2030, underpinned by the keystone project to achieve a carbon zero visitor economy.
Yahoo
21-05-2025
- Business
- Yahoo
Lagercrantz Group AB (FRA:LG72) Q4 2025 Earnings Call Highlights: Strong Revenue Growth and ...
Release Date: May 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Lagercrantz Group AB (FRA:LG72) reported a 16% increase in net revenues for Q4, with 11% from acquisitions and 5% from organic growth. The company achieved a 24% increase in EBITA, maintaining a strong EBITA margin of 17.8%. The Electrify division showed exceptional performance with a 31% revenue increase and a strong EBITA margin of 17%. The company completed four acquisitions in the quarter, adding $370 million in annual net sales, indicating a positive acquisition market. Lagercrantz Group AB (FRA:LG72) has a strategic ambition to grow with proprietary products, currently at 78%, aiming for 85% in the coming years. The TechSec division struggled with weaker construction market conditions, impacting its performance. Increased geopolitical uncertainty and trade barriers pose potential risks, although no significant impact has been observed yet. The company faced higher administrative costs due to extraordinary items, including a reservation for a claim and acquisition-related costs. The International division experienced a slight decline in revenues, with challenges in the German market affecting performance. The Electrify division's return on working capital is behind other divisions, partly due to its manufacturing model tying up inventory. Warning! GuruFocus has detected 7 Warning Sign with FRA:LG72. Q: Can you provide insights on the demand side, particularly regarding CapEx versus OpEx-related products? Are you seeing a similar trend this quarter as in the last? A: Most of our products are OpEx-related, being mission-critical but not high-priced items. We noticed a temporary hesitation in investments due to geopolitical uncertainties, but this has since stabilized. Long-term effects depend on potential trade barriers, but current trends suggest a return to normalcy. (Respondent: Unidentified_1) Q: The gross margin looks solid, but administrative costs seem higher compared to last year. Is there a specific reason for this? A: We had some extraordinary items, including a reservation for a claim and acquisition-related costs like stamp duty. These are not significant but can affect detailed financials. (Respondent: Unidentified_1) Q: Regarding the warranty claim, can you provide more details on its segment and impact? A: It's a routine claim related to proprietary products, not significant but reserved for around 8 to 10 million. It's part of our business model to handle such claims occasionally. (Respondent: Unidentified_1) Q: Electrify's profit by working capital seems lower than other segments. Is there a strategy to improve this? A: Electrify involves more in-house manufacturing, which ties up inventory. We are working on improvements, but given their business model, the current level is satisfactory. (Respondent: Unidentified_1) Q: Has the recent geopolitical uncertainty affected your M&A prospects or seller behavior? A: While there was a temporary slowdown around Easter, the situation has normalized. We haven't observed significant changes in seller behavior due to geopolitical factors. (Respondent: Unidentified_1) 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
