Latest news with #GeneralShareholders'Meeting
Business Upturn
2 days ago
- Business
- Business Upturn
Elis: Disclosure of trading in own shares occured from August 4 to August 8, 2025
By GlobeNewswire Published on August 11, 2025, 11:00 IST Disclosure of trading in own shares occurred from August 4 to August 8, 2025 Saint-Cloud, August 11, 2025 In accordance with the regulations on share buybacks, in particular Regulation (EU) 2016/1052, Elis hereby declares the purchases of its own shares made from August 4 to August 8, 2025 under the buyback program authorized by the 24th resolution of the General Shareholders' Meeting of May 22, 2025 and announced on March 6, 2025: Aggregated presentation: Issuer name Issuer code (LEI) Transaction date ISIN Code Daily total Volume (in number of shares) Daily weighted average price of shares acquired (in euros) Platform (MIC Code) ELIS SA 969500UX71LCE8MAY492 08/04/2025 FR0012435121 20,140 24.2200 XPAR ELIS SA 969500UX71LCE8MAY492 08/04/2025 FR0012435121 4,673 24.1057 DXE ELIS SA 969500UX71LCE8MAY492 08/05/2025 FR0012435121 6,850 24.2535 XPAR ELIS SA 969500UX71LCE8MAY492 08/06/2025 FR0012435121 6,000 24.4286 XPAR ELIS SA 969500UX71LCE8MAY492 08/07/2025 FR0012435121 1,500 24.7260 DXE ELIS SA 969500UX71LCE8MAY492 08/08/2025 FR0012435121 16,000 25.0902 XPAR ELIS SA 969500UX71LCE8MAY492 08/08/2025 FR0012435121 1,000 24.9800 DXE Total 56,163 24.5118 The purpose of the own shares purchase operations is (i) to cover maturing performance share plans and to allocate free shares to employees as part of the contribution to the Elis for All 2025 international employee shareholding plan, and (ii) to be cancelled in accordance with the 26th resolution of the Combined General Meeting of May 22, 2025. Contacts Nicolas BuronDirector of Investor Relations, Financing & Treasury Phone: + 33 (0)1 75 49 98 30 – [email protected] Charline LefaucheuxInvestor Relations Attachment Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Fashion United
11-06-2025
- Business
- Fashion United
Inditex reports stagnant growth in Q1 2025 sales and profits
Madrid – On Wednesday, June 11, the Spanish fashion multinational Inditex Group released its consolidated financial results for the first quarter of its 2025 fiscal year (February 1 to April 30). The company experienced a notable slowdown, with both sales and profits showing minimal growth compared to the same period in 2024. According to figures submitted to the Spanish National Securities Market Commission (CNMV), the owner of Zara reported total sales of 8.27 billion euros for the first quarter. This represents a modest 1.52 percent increase from the 8.15 billion euros recorded last year. This growth is significantly lower than the 7 percent sales increase seen in Q1 2024 and the 7.46 percent growth for the full 2024 fiscal year. Profitability also showed a tight margin, with Inditex closing the first quarter with a net profit of 1.31 billion euros, a marginal increase of 0.46 percent from the 1.30 billion euros reported in Q1 2024. In contrast, Q1 2024 saw an 11.21 percent profit increase, contributing to an 8.93 percent net profit rise for the entire 2024 fiscal year. Outlook for 2025 and Beyond Despite the current slowdown, Inditex management maintains an optimistic outlook for the remainder of 2025 and beyond, citing "strong growth opportunities." They argue that the company's business model, active in 214 markets, still has a "low share in each of them." To unlock this potential, Inditex plans "ordinary" investments of 1.80 billion euros for 2025, as previously announced at the close of the 2024 fiscal year. As an updated sales indicator, Inditex noted that sales (both in-store and online, at constant exchange rates) increased by 6 percent at the start of the second quarter of 2025, from May 1 to June 9. This increase in turnover reflects "positive reception from our customers," according to the Spanish fashion multinational, particularly for the new Spring/Summer 2025 (SS25) collections. Dividend Approval and board changes In other financial and corporate news, Inditex confirmed the proposed dividend for 2024 results. As approved in March, the Board of Directors will recommend to the General Shareholders' Meeting on July 15 the approval of a dividend of 1.68 euros per share. This will be distributed in two payments of 0.84 euros per share; the first was disbursed on May 2, and the second is scheduled for November 3. Finally, the company announced that José Arnau, Inditex's vice president since June 2012, will retire from the Board of Directors at the end of his term, following the General Shareholders' Meeting on July 15. During this meeting, the appointment of Roberto Cibeira, executive director of Pontegadea (Amancio Ortega's investment vehicle and Inditex's founder and majority shareholder), will be proposed as a new proprietary director. In summary Inditex presented its Q1 2025 results, showing stagnant sales (+1.52 percent) and profits (+0.46 percent) compared to 2024. Despite this, the company still sees 'strong growth opportunities' for its business model, with investments of 1.80 billion euros and a +6 percent sales increase at the start of Q2. At the upcoming General Shareholders' Meeting, approval will be sought for a dividend of 1.68 euros per share, and the departure of José Arnau, vice president of Inditex, will be announced, with the proposed appointment of Roberto Cibeira as a new director. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Yahoo
26-05-2025
- Business
- Yahoo
Elis: Disclosure of trading in own shares occured on May 23, 2025
Disclosure of trading in own shares occurred on May 23, 2025 Saint-Cloud, May 26, 2025 In accordance with the regulations on share buybacks, in particular Regulation (EU) 2016/1052, Elis hereby declares the purchases of its own shares made on May 23, 2025 under the buyback program authorized by the 24th resolution of the General Shareholders' Meeting of May 22, 2025 and announced on March 6, 2025: Aggregated presentation: Issuer name Issuer code(LEI) Transaction date ISIN Code Daily total Volume (in number of shares) Daily weighted average price of shares acquired (in euros) Platform (MIC Code) ELIS SA 969500UX71LCE8MAY492 05/23/2025 FR0012435121 14,618 23.3713 XPAR Total 14,618 23.3713The purpose of the own shares purchase operations is (i) to cover maturing performance share plans and to allocate free shares to employees as part of the contribution to the Elis for All 2025 international employee shareholding plan, and (ii) to be cancelled in accordance with the 26th resolution of the Combined General Meeting of May 22, 2025. Contacts Nicolas BuronDirector of Investor Relations, Financing & TreasuryPhone: + 33 (0)1 75 49 98 30 - Charline LefaucheuxInvestor Relations Phone: + 33 (0)1 75 49 98 15 - Attachment Elis - Disclosure of trading in own shares occured on May 23, 2025Error 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
Fashion Network
24-05-2025
- Business
- Fashion Network
On appoints former H&M CEO Helena Helmersson to board
Swiss performance sportswear brand On has appointed Helena Helmersson as an independent member of its Board of Directors, as well as a member of the Nomination and Compensation Committee. Helmersson joins On following a nearly three-decade career at H&M Group, where she served as chief executive officer from 2020 to 2024. She also previously held roles as chief operating officer, global head of production, and head of sustainability at H&M, between 2010 and 2020. Helmersson also currently serves on the boards of Quizrr, a digital training company, and as a chairperson of Circulose, a textile-to-textile recycling company. 'I'm honored and excited to join On's board of directors. On's unique blend of innovation, performance, and impact creates something truly special. I look forward to working with the Board and the management team to help shape the future of this inspiring company as it grows to true scale,' said Helmersson. David Allemann, co-founder and executive co-chairman of On, added: 'We are delighted to welcome Helena to On. Her exceptional track record in retail, operations, and purpose-driven leadership will be a powerful asset as we continue our journey to be the premium global sportswear brand. We're convinced she will play a pivotal role in shaping On's next chapter of global growth.' The company also announced that Kenneth Fox, who has served on the board for seven years, will conclude his term at On's 2025 Annual General Shareholders' Meeting. Fox played a key role in guiding On's strategic direction, including its IPO in 2021.
Fashion Network
24-05-2025
- Business
- Fashion Network
On appoints former H&M CEO Helena Helmersson to board
Swiss performance sportswear brand On has appointed Helena Helmersson as an independent member of its Board of Directors, as well as a member of the Nomination and Compensation Committee. Helmersson joins On following a nearly three-decade career at H&M Group, where she served as chief executive officer from 2020 to 2024. She also previously held roles as chief operating officer, global head of production, and head of sustainability at H&M, between 2010 and 2020. Helmersson also currently serves on the boards of Quizrr, a digital training company, and as a chairperson of Circulose, a textile-to-textile recycling company. 'I'm honored and excited to join On's board of directors. On's unique blend of innovation, performance, and impact creates something truly special. I look forward to working with the Board and the management team to help shape the future of this inspiring company as it grows to true scale,' said Helmersson. David Allemann, co-founder and executive co-chairman of On, added: 'We are delighted to welcome Helena to On. Her exceptional track record in retail, operations, and purpose-driven leadership will be a powerful asset as we continue our journey to be the premium global sportswear brand. We're convinced she will play a pivotal role in shaping On's next chapter of global growth.' The company also announced that Kenneth Fox, who has served on the board for seven years, will conclude his term at On's 2025 Annual General Shareholders' Meeting. Fox played a key role in guiding On's strategic direction, including its IPO in 2021.
