Latest news with #Kindred
Yahoo
2 hours ago
- Business
- Yahoo
FDJ United (LFDJF) (H1 2025) Earnings Call Highlights: Strong Revenue Growth Amidst Challenges
Release Date: July 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points FDJ United (LFDJF) reported a 31% increase in revenues on a reported basis, reaching nearly 1.9 billion. The company aims for an average annual organic growth of around 5% from 2025 to 2028. FDJ United (LFDJF) targets a recurring EBITDA margin above 26% by 2028. The company is committed to increasing its dividend with a minimum payout ratio of 75% of adjusted net income. FDJ United (LFDJF) continues to excel in sustainability, aiming to grow its voluntary contribution to society and the environment from 2.7% of net income in 2024 to 5% by 2030. Negative Points Revenue was down 2% on a restated basis, considering the integration of Kindred. Recurring EBITDA decreased by 10%, with a margin of 23.6%, impacted by a one-off employee share ownership plan. Net financial income was negatively impacted by the Kindred acquisition financing, resulting in a net loss of 37 million. The effective tax rate increased to 40% due to a one-off additional income tax on large French companies. Retail sports betting revenue declined by 6%, mainly due to unfavorable sports results affecting the operator margin. Q & A Highlights Warning! GuruFocus has detected 4 Warning Signs with LFDJF. Q: Can you provide more details on the top-line momentum in France, particularly regarding lottery growth and expectations for H2? Also, any updates on the regulatory environment in the Netherlands? A: In H2, we expect continued growth in lottery and retail sports betting, with lottery growth between 1% and 2% due to a tax rate increase in France. The Netherlands' regulatory environment remains stable, with no new changes expected. We are working on improving customer compliance with existing regulations. Q: Could you elaborate on the pipeline for lottery products, particularly the impact of new games like Crescendo? Also, any updates on the UK regulatory situation? A: Crescendo is a significant addition to our lottery offerings, launching in Q4, but its impact will be more pronounced in future years. Regarding the UK, we expect to align with the voluntary code by the end of Q3, which should stabilize the regulatory environment. Q: What is the outlook for cost evolution in OBG, and when will the impact of cost-saving initiatives be visible? A: Cost reductions in OBG will become more evident in 2026, driven by the merger of Uni and Sporting offers in France and the completion of the KSP rollout. These initiatives will significantly lower IT and external costs by 2027. Q: Can you provide more details on the deployment of KSP and which countries will migrate by the end of this year? A: We have not disclosed specific countries for competitive reasons, but several major markets will transition to KSP in early 2026. The rollout is progressing as planned, with some migrations expected in H2 2025 and others in H1 2026. Q: What is your perspective on the potential for online casino regulation in France? A: The likelihood of a public consultation on online casino regulation in France is low due to the current political environment. We do not anticipate any significant regulatory changes in the near term. 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
Chicago Tribune
2 days ago
- Chicago Tribune
Man, teen charged in separate Gary, Hammond murders
Charges were unsealed this week for a man and a teen in separate Gary and Hammond murders. Lamont Wilkerson, 22, of Gary, is charged with murder, unlawful carrying of a handgun and one misdemeanor in the July 13 death of Edward Kindred, 23, of Gary. He is in custody. His next court date is Aug. 6. Indiana State Police Detective Roger Escutia of the Lake County Prosecutors' Homicide Task Force responded July 13 to Waverly Drive and Taft Street in Gary. Kindred was pronounced dead at Methodist Hospital. He died from a gunshot wound to his legs, according to the Lake County Coroner's Office. Police found 15 bullet shells at the scene. Video showed Kindred leaving Taft Foods when a silver car pulled up, a man in all white got out, followed Kindred briefly, then opened fire before fleeing. A second man also got out, but police weren't sure if he fired a gun. Moments later, as Kindred was 'limping away' and holding a weapon, he appeared to draw as he was attacked. Police appeared to identify the suspect as Wilkerson after he was seen on video pumping gas a day earlier – matching his picture to a police database. The car appears to be the same one later seen fleeing the murder. He was wearing the same clothes. The car was registered to Wilkerson's relative. Investigators found it torched July 17 on the 1100 block of Wright Street. Kindred loved basketball and had a 'heart to help people,' his obituary stated. In the second murder, a Hammond teen was arrested after a married couple smoking marijuana were found shot up in a car. The assailant wore a black mask, records show. Xavier Cruz, now 18, of Hammond, was charged with murder and attempted murder in November with the Sept. 14, 2024, death of Steven Gonzalez, 20, of Hammond. Gonzalez's death was ruled a homicide. Hammond Police Detective James Onohan responded around 5:46 p.m. that evening to the 400 block of Huehn Street. Police recovered a gun magazine in the grass eight feet away. They also found five 9-mm shells. Surveillance footage showed three males walking in a gangway toward the car. One, Cruz's relative, now 20, has not been charged to date in public filings. A third teen was a light-skinned Hispanic, with glasses, a Chicago Bulls baseball hat and wavy hair. 'He just smoked them,' Cruz's relative said after the shooting. Afterwards, Cruz and his relative went to a home on the 4000 block of Towle Avenue. The man who lived there at first declined to let police in the home, but then gave permission. An older woman and three male teens were allowed to leave before a SWAT team raided it. After a search warrant, police found blood on a closet door and the floor. They seized cellphones, drugs, ammunition, and a gun hidden in the basement ceiling, which matched ballistics found at the scene. A warrant for Cruz's relative's phone eventually led to the third teen. Police learned Cruz's relative alleged the female victim recently stole a gun from him, and Xavier Cruz was the alleged shooter. Anyone with information can reach Escutia at 219-755-385 or Onohan at 219-853-6490.
TechCrunch
11-07-2025
- Business
- TechCrunch
Justine Palefsky, Author at TechCrunch
Justine Palefsky Justine Palefsky is the Co-Founder and CEO of Kindred, a global home swapping community she launched in 2021 with co-founder Tasneem Amina. Prior to Kindred, Justine was on the early teams at Opendoor and Homebound and began her career at Bain & Company. She holds a degree in Cognitive Neuroscience from Brown University. Raised in San Francisco in a home where the family's studio apartment was always open to extended relatives and friends, Justine grew up seeing hospitality as a way of life – an early model of reciprocal travel that later inspired Kindred. She's based inSan Francisco but travels often to New York, Chicago, and Europe, and is an avid drawer, painter, and magical thinker.
Business Wire
02-07-2025
- Business
- Business Wire
Westlake Royal Building Products ™ Launches Outdoor Design Tool for Kindred ™ Outdoors + Surrounds
HOUSTON--(BUSINESS WIRE)-- Westlake Royal Building Products ™ ('Westlake Royal'), a Westlake company (NYSE:WLK), announces the launch of its new Outdoor Design Tool for Kindred ™ Outdoors + Surrounds —an interactive visualizer that helps users imagine, design and plan custom outdoor living spaces with ease. Whether building new or enhancing an existing area, the tool provides an intuitive, hands-on experience to explore products, experiment with layouts and make confident design decisions. The new Outdoor Design Tool is an immersive platform that allows homeowners, contractors and landscape architects to create detailed outdoor designs, starting with a layout and then customizing with Kindred's easy-to-install solutions. Users can incorporate a wide range of Kindred products, including Signature Kitchens, outdoor cabinets, fire bowls, fireplaces and fire pits, available in multiple finishes and colors. Designs can be further customized with a curated selection of architectural stone veneer, cooking appliances like grills and ovens, as well as lighting, flooring, furniture, plants and more to create a realistic and fully imagined space. 'We're thrilled to introduce the new Outdoor Design Tool for Kindred Outdoors + Surrounds,' said Steve Booz, vice president of marketing at Westlake Royal Building Products. 'Whether for personal inspiration or professional use, this tool empowers users to visualize and personalize their space with Kindred's beautiful, functional products—designed to bring outdoor living visions to life.' To simplify and streamline the journey from concept to construction, users can use the tool to generate a design summary to guide contractors through the planning and specification stages, ensuring a smooth, efficient build process. In addition to the tool's design capabilities, in-platform guidance is also available to support users throughout the process. This includes helpful callouts and tips for using a variety of tools—such as controlling lighting conditions, adjusting viewing angles and tracking products applied to the space—making it especially valuable for first-time users exploring the platform's robust features. Explore the Kindred Outdoor Design Tool by visiting: 1 About Kindred Outdoors + Surrounds Kindred Outdoors + Surrounds creates thoughtfully designed outdoor living solutions that bring people together in beautiful, functional spaces. From handcrafted fire bowls and fireplace surrounds to fully equipped outdoor kitchens, Kindred products are made for connection, comfort and conversation—both inside and outside the home. Launched in 2020, Kindred offers easy-to-install solutions that can be specified with any manufactured stone from the Westlake Royal Building Products portfolio, including Eldorado Stone, Cultured Stone, Dutch Quality and StoneCraft. For more information, visit About Westlake Royal Building Products Westlake Royal Building Products USA Inc., a Westlake company (NYSE:WLK), is a leader throughout North America in the innovation, design, and production of a broad and diverse range of exterior and interior building products, including Siding and Accessories, Trim and Mouldings, Roofing, Stone, Windows and Outdoor Living. Westlake Royal Building Products manufactures high quality, low maintenance products to meet the specifications and needs of building professionals, homeowners, architects, engineers and distributors, while providing stunning curb appeal with an unmatched array of colors, styles, and accessories. For more information, please visit Follow us on LinkedIn and Instagram and 'Like' us on Facebook.
Yahoo
27-06-2025
- Entertainment
- Yahoo
Who Is Mephisto in Marvel? Powers of Ironheart's Potential Villain Listed
After Ironheart scattered some more hints in its first three episodes, there has been a spike in interest in Mephisto, one of the most iconic villains in Marvel Comics. The character first appeared in Silver Surfer #3 back in 1968 and has remained crucial over the years. So, as rumors continue to swirl about the character appearing in Ironheart, here is a full breakdown of who he is and what powers he has. Mephisto was created by Stan Lee and John Buscema for Marvel comics. The character is based on Mephistopheles, a demon character from the Faust legend. The character was originally an antagonist to Silver Surfer and Ghost Rider, but extended beyond this over the years. Mephisto even appeared in Ghost Rider (2007), played by Peter Fonda, and in Ghost Rider: Spirit of Vengeance (2011), played by Ciaran Hinds. According to the lore, Mephisto claims that the supreme being died by suicide, which led to his creation. The supreme being's death allegedly created the whole Marvel Universe as well as the infinity stones. Mephisto has a totally evil nature and claims that this was also determined by the supreme being. Over the years, Mephisto has played a major role in several defining events. He captured and held the soul of Cynthia von Doom, and he caused the respective transformations of Norman and Harry Osborn into the Green Goblin and Kindred. Mephisto has many powers in Marvel Comics. He is an extremely powerful, immortal demonic entity who can manipulate and use magic. Using his powers, Mephisto can gain superhuman physical attributes, shape, and size-shifting abilities. He can also project illusions, manipulate memories, and alter time and reality. He is also highly durable and can recover from practically anything. Mephisto often acquires souls by making pacts with humans. The Ironheart narrative could use this as a device.
