Latest news with #MWM
Yahoo
a day ago
- Business
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Tupy SA (BSP:TUPY3) Q2 2025 Earnings Call Highlights: Navigating Challenges with Strategic ...
Revenue: BRL2.6 billion, a 6% decrease compared to the same period in the previous year. Adjusted EBITDA: BRL210 million with a margin of 8% (7% from traditional business and 10% from MWM). Net Debt: BRL2.6 billion, corresponding to 2.45 times the adjusted EBITDA in the last 12 months. Cash Position: BRL1.5 billion at the end of June 2025. Sales and Production Volumes: Fell by 10%, impacting EBITDA by approximately BRL90 million. Revenue by Segment: 85% from structural components and manufacturing contracts, 8% from distribution, and 7% from energy and decarbonization. Financial Expenses: Reduced due to debt repayment of BRL366 million in the first half of the year. Exchange Rate Variations: Revenue of BRL26 million, with BRL20 million from hedge transactions. Inventory Reduction: BRL93 million, contributing to greater efficiency in resource use. New Contracts: Additional annualized revenues of BRL1.4 billion, with higher added value. Tariff Impact: Products subject to a 50% tariff in the US, with mitigation measures in place. Generator Set Revenue Growth: 19% year-on-year, driven by a favorable product mix. Warning! GuruFocus has detected 4 Warning Signs with BSP:TUPY3. Release Date: August 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Tupy SA (BSP:TUPY3) has successfully diversified its revenue streams with new businesses contributing to high growth and profitability potential, particularly in replacement, energy, and decarbonization segments. The company has implemented a synergy plan expected to yield significant financial gains, with estimated benefits of BRL100 million in 2026 and BRL180 million annually from 2027. Tupy SA's global presence and production flexibility across three continents provide a competitive advantage, allowing the company to secure new contracts and mitigate risks associated with tariffs. The company has achieved a significant improvement in MWM's operating margin, increasing from 6% to 10%, driven by higher sales volumes and better product mix. Tupy SA has secured new contracts with an annualized revenue potential of BRL1.4 billion, which are expected to positively impact margins due to higher value-added services. Negative Points Sales and production volumes fell by 10%, impacting margins due to lower dilution of fixed costs, resulting in a BRL90 million impact on EBITDA. The company faces challenges from a slowdown in economic activity in the United States and high interest rates, affecting demand in the transportation sector. Tupy SA's revenues decreased by 6% compared to the same period in the previous year, with significant declines in the commercial vehicle segment. The company is subject to a 50% tariff on products exported from Brazil to the United States, which could impact future earnings if not mitigated. The restructuring process involves a reduction of 25% in installed capacity, which may incur layoff costs and requires careful management to optimize plant occupancy and efficiency. Q & A Highlights Q: Will there be any layoff costs associated with the 25% reduction in installed capacity, and how will this affect margins? A: Rafael Lucchesi, CEO, explained that the capacity adjustment is part of their strategy to enhance resilience and competitiveness. Toni Bueno, Vice President of Procurement and Logistics, added that increasing plant occupancy from 65% to 80% will naturally favor margins. Rodrigo Perico, CFO, noted that MWM's margin has improved significantly, with further room for enhancement through restructuring and brand repositioning. Q: Can you clarify the expected EBITDA margin improvement from the restructuring process? A: Toni Bueno stated that the restructuring will add 2 percentage points to the EBITDA margin by the end of 2026, focusing on efficiency improvements. The target occupancy rate is 80%, allowing flexibility for future demand changes. Gueitiro Matsuo Genso, Vice President of New Business and Innovation, highlighted that new contracts starting in 2026 will utilize this capacity. Q: How will the plant reorganization affect capacity distribution between Mexico, Portugal, and Brazil? A: Ricardo Fioramonte, Vice President of Sales, mentioned that the reorganization aims for 80% capacity optimization, considering new projects and current low demand levels. Rodrigo Perico emphasized that cash generation will improve with increased sales and efficient capital allocation. Toni Bueno added that the flexible design allows for quick adaptation to market changes. Q: What is the outlook for the US truck market, and how does it impact Tupy? A: Ricardo Fioramonte noted that the US truck market is expected to remain low in the short term, but pent-up demand will likely lead to a significant recovery in 2026. Rafael Lucchesi added that the US GDP growth slowdown and reduced commercial vehicle activity impact Tupy, but a recovery is anticipated. Q: How are tariffs affecting Tupy's operations and customer relationships? A: Ricardo Fioramonte explained that most exports to the US are subject to a 50% tariff, with a strategic shift to Mexico to mitigate impacts. Gueitiro Matsuo Genso highlighted that new contracts, worth over BRL1 billion, are designed to leverage Tupy's global footprint and add value, supporting a return to historical margins. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Express Tribune
09-08-2025
- Politics
- Express Tribune
Government yields to MWM demands
The Majlis Wahdat-e-Muslimeen (MWM) and Shia Ulema Council (SUC) on Friday called off their "Arbaeen Hussaini March" after successful negotiations with officials from federal and provincial governments over the ban on Shia pilgrims travelling to Iran and Iraq via land routes. The breakthrough came after Minister of State for Interior Talal Chaudhry and Sindh Governor Kamran Khan Tessori, accompanied by MQM leaders, visited the MWM office and held a five-hour meeting with MWM chief Senator Allama Raja Nasir Abbas Jafri. According to both sides, all seven demands of the march organising committee have been accepted. These include extending visas nearing expiry through talks with the Iraqi government; refunding amounts already paid to bus owners; facilitating pilgrims with valid visas to travel by air at subsidised fares; launching special flight operations, and forming a government committee — with MWM and SUC representation — to address pilgrims' issues. Speaking at a joint presser with march organisers, Chaudhry apologised to the community for the inconvenience caused, terming the travel ban "temporary" and imposed solely for security reasons. "We accept all demands of the Arbaeen march leadership, and practical steps will begin soon," he said, lauding the governor's role in the breakthrough. MWM deputy chief Allama Ahmed Iqbal Rizvi thanked the governor and MQM leadership for their role before calling off the "Arbaeen Hussaini March" from Karachi-to-Rimdhan. "We will monitor the implementation of these commitments," he said, adding that students stranded at the border would be allowed immediate entry, while pilgrims in Quetta would also benefit from discounted air tickets. SUC leader Allama Nazir Abbas Taqvi also welcomed the agreement, saying government representatives had given firm assurances of action on all points. The federal government's decision to bar land travel for Shia pilgrims to Iran and Iraq had prompted MWM chief Allama Jafri to announce the long march on Aug 6, attracting hundreds of participants. Meanwhile, the first Iran Air flight from Quetta to Zahedan departed on Thursday night, marking the commencement of a weekly air service between the two cities. According to a Pakistan Airports Authority (PAA) spokesperson, a ceremony was held to mark the occasion, attended by the Iranian consul general, airport manager, chief security officer, Airport Security Force (ASF) officials, and representatives of the chamber of commerce. The spokesperson said that Iran Air flight IR-824, carrying 75 passengers, took off for Zahedan at 11.30pm. Earlier in the evening, the inaugural incoming flight from Zahedan had landed in Quetta at 9.15pm. The PAA confirmed that one flight per week will operate on the QuettaZahedan route.
Express Tribune
08-08-2025
- Politics
- Express Tribune
Centre vows no let-up in K-P terror fight
Listen to article Minister of State for Interior Talal Chaudhry on Thursday ruled out the possibility of launching any fresh military operation in Khyber-Pakhtunkhwa (K-P) amid rumours of a fresh full-scale offensive triggered by the worsening law and order situation in the volatile tribal districts of the province. Chaudhry, however, said that the ongoing counterterrorism actions under the National Action Plan (NAP) would continue unabated. "Let me be clear — NAP operations will not be stopped by anyone, no matter who they are," he said while speaking on the floor of the National Assembly in response to concerns raised by MNAs Asad Qaiser and Shazia Marri. Chaudhry's statement came on a day the PTI government in K-P strongly opposed the launch of a new military operation in the province, warning that kinetic actions would only worsen the already fragile security situation in the province. The provincial government called for a non-kinetic strategy to eliminate terrorism and restore peace. Taking a swipe at the PTI, the minister questioned, "Who brought the TTP [Tehreek-e-Taliban Pakistan] back? Which chief minister said, 'We won't fight or we'll end up like the PPP or the ANP?'" Commenting on PTI's protest on Youm-e-Istehsal-e-Kashmir, Chaudhry defended the closure of Parliament House's entry gates, citing security concerns due to Section 144 being in force and the presence of a sizeable rally near D-Chowk. He clarified that the gates were closed to restrict the incoming crowd and not the lawmakers. "No MNA was barred from exiting the premises," he added. The minister played down the scale of PTI demonstrations on August 5. "In Islamabad, fewer than 100 people turned up and even those were briefly detained. No lawmakers were arrested," he claimed. "In Punjab, out of a population of 130 million, only 94 people were taken into custody. Most protests were symbolic and dispersed within minutes." He also rejected the PTI's defence of the May 9 riots, saying popularity does not grant immunity from the law. "Those who attacked state properties were not acting in public interest - they did so in pursuit of future election tickets," he alleged. "Now they are facing the consequences. Courts in Punjab and Peshawar are announcing decisions. What more fairness do they want?" On the issue of the suspension of overland travel for Shia pilgrims via Iran, Chaudhry said that the measure had been taken due to heightened regional tensions in the aftermath of the Israel-Iran conflict. He said the Ministry of Interior was engaged in talks with the protesters and the Majlis Wahdat-e-Muslimeen (MWM) leadership. "A delegation of pilgrims met ministry officials last Thursday, and further discussions were held recently with MWM leader Raja Nasir Abbas," the minister said, adding that he was willing to visit Karachi to continue negotiations. He added that the Sindh and Balochistan governments were fully on board, while the Sindh governor remained in close contact with the protesters. The minister further told the lawmakers in the House that the prime minister had instructed the defence minister to ensure facilitation of pilgrims via air travel. "We've increased the number of flights and engaged foreign airlines, including Iranian and Iraqi carriers, to enhance capacity. Talks are also under way to reduce fares," he added.
New Straits Times
20-06-2025
- Politics
- New Straits Times
Zambry: Journalists must break echo chamber, uphold truth in digital age
KUALA LUMPUR: The digital revolution has fundamentally reshaped the media landscape, offering both immense opportunities and formidable challenges. Higher Education Minister Datuk Seri Dr Zambry Abdul Kadir said journalism today operates in a fast-paced, AI-assisted environment where news travels instantly and algorithms dictate daily information exposure. "While digital transformation offers new platforms for news delivery and tools like data analytics and AI to aid reporters, it also brings profound challenges," he said in a speech at the 2024 MPI-Petronas journalism award Malaysian Media Night (Malam Wartawan Malaysia or MWM) 2025. Among the key concerns, he said, is the "filter bubble" phenomenon, a situation where readers are fed only content that aligns with their existing beliefs, risking polarisation and distortion of the truth. "Echo chambers damage the media's role as a credible public communication channel. "Journalists must break these walls with balanced and inclusive reporting to ensure all voices, including minority ones, are heard." He said the post-truth era has seen a rise in misinformation and conspiracy theories, undermining public trust in the media. "In such times, journalists must return to core values, to uphold truth and social responsibility. "Their duty is not to please or vilify those in power, but to report facts and uphold what is right." Zambry described journalists' noble role as a "guardian of democracy's conscience," echoing the views of prominent thinkers such as Albert Camus, José Martí and Walter Lippmann on press freedom and its necessity in a functioning democracy. He said press freedom is not a privilege but an essential pillar of a progressive society. "Journalists are the eyes and ears of the people. Through critical reporting, they help leaders make informed decisions." Zambry also lauded the efforts of the Malaysian Press Institute (MPI) in upholding journalism ethics through initiatives such as the Malaysian Journalism Awards (HKM), professional training, and the recent launch of its first e-journal on journalism. "MPI has long been a catalyst for journalistic excellence. "The new e-journal bridges the gap between media practice and academia, empowering journalists with research and thought leadership." Zambry said the Higher Education Ministry is committed to ensuring journalism curricula remain relevant, incorporating AI, data analytics, cyber law, and professional ethics. "We must produce not only skilled reporters, but critical thinkers grounded in ethical values and a philosophical understanding of their roles." He encouraged stronger collaboration between universities and media organisations through joint research, training, and ethics-focused colloquiums. Zambry also praised MPI's recent symbolic yet meaningful Media Integrity Support Signature Campaign, calling it a reminder that ethics remain the backbone of journalism. "Change is inevitable. Growth is optional. While technology will continue to evolve, our personal and professional growth as journalists is a choice—a choice to hold firm to ideals, to continuously learn, and to always prioritise truth."
Business Recorder
13-06-2025
- Politics
- Business Recorder
2014 sit-in: MWM chief acquitted
ISLAMABAD: A local court on Thursday acquitted Majlis-e-Wahdat-e-Muslimeen Pakistan (MWM) Chief Raja Nasir Abbas Jafri in cases registered against him and Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan in connection with the 2014 sit-in. Judicial Magistrate Mureed Abbas, while hearing the case, acquitted the MWM Chief after completion of the arguments over the acquittal application. A case had been registered against Raja Nabsir Abbas, PTI founding chairman, Pakistan Awami Tehreek (PAT) Chairman Dr Tahirul Qadri and others for violating Section 144. The court had already issued an arrest warrant for Qadri for not appearing before the court. Khan had been granted a permanent exemption from appearance in these cases by the court. Two cases have been registered against Khan and others at the Secretariat Police Station. PTI and PAT staged a sit-in in Islamabad back in August 2014. Copyright Business Recorder, 2025
