Latest news with #Sales
Yahoo
a day ago
- Business
- Yahoo
Troax Group AB (FRA:5TOA) Q2 2025 Earnings Call Highlights: Navigating Market Challenges with ...
Order Intake: EUR65.3 million, a 6% decline from EUR69.6 million in Q2 last year. Sales: EUR68.7 million, a 4% decline from EUR71.9 million in Q2 last year. EBITA: EUR9.9 million, with a 14.4% margin, down from EUR12.1 million and a 16.8% margin in Q2 last year. Gross Margin: Stable at around 40%. FX Impact: 70 basis points negative impact on results. Free Operating Cash Flow: EUR8.9 million, with a 90% cash conversion rate. Net Debt to EBITDA: 1.1x, indicating room for acquisitions and investments. EPS: EUR0.11, down from EUR0.14 in Q2 last year. Cost Reduction Program: Expected annual savings of EUR10 million, with EUR6 million in restructuring costs booked in Q2. Warning! GuruFocus has detected 3 Warning Signs with FRA:5TOA. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Troax Group AB (FRA:5TOA) maintained a solid gross margin in line with their informal target of around 40%. The company initiated a cost reduction program expected to save EUR 10 million annually, with full effects anticipated by 2026. APAC region showed underlying growth of 7-8% in local currencies, despite reporting flat in euros. Troax Group AB (FRA:5TOA) has a stable net debt to EBITDA ratio of 1.1, providing room for further acquisitions and organic investments. The company is making progress on strategic priorities, including simplifying the supply chain and optimizing the manufacturing footprint in Europe. Negative Points Order intake growth declined by 6% in the second quarter, with notable weakness in Northern Europe and the Americas. The EBITA margin decreased to 14.4% from 16.8% in the previous year, primarily due to lower volumes and FX effects. The company faced FX headwinds and losses impacting results by approximately 70 basis points. Troax Group AB (FRA:5TOA) had to lay off approximately 225 employees due to lower volumes, mainly in Europe and the US. Sales declined by 4% compared to the previous year, reflecting challenges in the market environment. Q & A Highlights Q: Can you provide details on the momentum in ordering across different regions during the quarter? A: Martin Nystrom, CEO: The momentum varied by region. Europe remained consistent throughout the quarter, while the US showed hesitation in April, a low point in May, and some improvement in June. In Asia, the market dynamics are more customer-specific rather than general trends. Q: Should we expect the full impact of cost savings in Q3, or will it extend into Q4? A: Martin Nystrom, CEO: The headcount reductions have been fully executed, so the savings should be fully realized in Q3. The factory move from Poland to Sweden is gradual, with full savings expected by Q1 2026. Q: Is the decline in Northern Europe's warehousing segment market-driven or due to internal restructuring? A: Martin Nystrom, CEO: The decline is market-driven rather than company-specific. However, there are signs of increased activity in presales, indicating potential improvement. Q: How has the tariff situation affected different end markets like automotive and warehousing? A: Martin Nystrom, CEO: The hesitation is general across markets. In warehousing, some customers are moving forward while others hesitate. In automotive, major manufacturers are cautious about production locations and timelines. Q: Can you elaborate on the order trend in the Americas and the outlook for the second half of the year? A: Martin Nystrom, CEO: The US pipeline is healthy, but moving from planning to execution is slow. The warehousing sector shows potential for growth if consumption increases. The automotive sector may take longer to recover. Q: What is driving the higher orders in the EMEA South region, and has this momentum continued into Q3? A: Martin Nystrom, CEO: Growth in Southern Europe is broad-based, driven by general industry and investments in sectors like retail, food, and pharma. The momentum is expected to continue. Q: How is the machine guarding business performing, and what is its impact on profitability? A: Martin Nystrom, CEO: The machine guarding business is stable with slight growth and is more profitable than storage and warehousing. The decline in profitability is mainly due to warehousing and storage. Q: Are there any obstacles to making acquisitions given the internal measures taken? A: Martin Nystrom, CEO: The internal measures create room for growth initiatives, including acquisitions. The challenge lies in agreeing on valuations amid market uncertainties, but efforts to pursue acquisitions continue. 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
Al Bawaba
5 days ago
- Automotive
- Al Bawaba
Al Tayer Motors Wins Seventh Ford Trucks Champions Award
Al Tayer Motors, the official Ford Trucks importer-distributor in the United Arab Emirates has won the prestigious Champions Award 2024 for its overall performance in Sales, After-Sales Services, and Marketing. It is the only distributor in the Middle East to receive this accolade for the seventh win comes even as Al Tayer Motors recorded a strong year for its commercial vehicles business in 2024 with sales increases of 40% in the construction and 24% in the logistics segments.'Winning the Champions Award from Ford Trucks for the seventh time is incredible. This tremendous achievement highlights the unwavering dedication and excellence of our entire team in delivering top-notch services to our customers across the country. As a key player in this dynamic region, we are at the forefront of providing efficient and cost-effective transportation solutions, ensuring smooth operations for major industries. We are thrilled to be leading the charge in this ever-evolving landscape," said Ashok Khanna, Chief Executive Officer of Al Tayer Tayer Motors recently introduced the F-Line series and the 34-ton 6x4 chassis vehicles to an overwhelmingly positive response from customers. The dealership provides competitive long-term warranties up to five years, and with comprehensive service packages on all the vehicles sold by the company. It can also offer tailor-made warranty packages on customer request.'In line with our vision of creating value through efficient transportation solutions, we maintain a strong presence in heavy commercial markets, aligning with our global growth targets. Thanks to our solid and value-adding partnerships, we continue to provide our customers with high-standard and sustainable services. One of the most valuable of these partnerships is with Al Tayer Motors. I am delighted that they have been awarded the Champions Award for the seventh year. Our unwavering commitment to growth and sustainability ensures that our partnership will continue to thrive, win upcoming awards, and forge new connections with customers,' said Emrah Duman, Vice President, Ford 2025, Al Tayer Motors will introduce enhanced Ford Trucks 3333 Rigid Truck vehicles into the UAE, offering customers a reliable and cost-effective choice of Waste Management and Construction sector transport solutions. Al Tayer Motors retails the full range of commercial vehicles in the UAE including the Construction series, Road series and Tractors. The dealership also has five service facilities in Dubai, Sharjah, Abu Dhabi, Fujairah and Al Ain, which makes the servicing of Ford Trucks very convenient for customers.
Yahoo
5 days ago
- Business
- Yahoo
Nilorngruppen AB (LTS:0GB5) Q2 2025 Earnings Call Highlights: Navigating Currency Challenges ...
Order Income: Down 1% to SEK205 million for the quarter. Sales: Decreased by 10% to SEK237 million for the quarter. Operating Profit: SEK16 million, down from SEK25.6 million in the same quarter last year. Accumulated Order Income: Up 7% due to strong Q1 performance. Accumulated Sales: Down 1%, but up 3% when adjusted for currency effects. Gross Margin: Increased, with a strong performance from global sourcing operations. Operating Margin: 7% for Q2, below the target of 10%-12%. Personnel Costs: Increased due to higher staffing in Bangladesh and Portugal. Number of Employees: Increased to 681, mainly in Bangladesh and Vietnam. Tax Rate: 24% for the quarter, varying by country. Packaging Sales: Decreased from 21% to 18% of total sales, impacted by the luxury market. Currency Impact: Significant effect due to the strengthening of the Swedish krona. Warning! GuruFocus has detected 2 Warning Sign with LTS:0GB5. Release Date: July 16, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Nilorngruppen AB (LTS:0GB5) reported a strong gross profit, attributed to effective global sourcing operations. The company has seen a positive trend in the Outdoor segment, which continues to perform well. Investments in the US market are yielding positive results, with increased staffing to capitalize on market momentum. Nilorngruppen AB is expanding its production capabilities, particularly in Bangladesh and Portugal, which are performing well. The company is strategically investing in Nilorn:CONNECT, enhancing client engagement and offering circular solutions. Negative Points Order income and sales have decreased, with sales down 10% to SEK237 million. The Luxury segment is underperforming, particularly affecting the packaging product group. Currency fluctuations, particularly the strengthening of the Swedish krona, have negatively impacted financial results. Some European clients are hesitant due to market uncertainty and tariffs, affecting order patterns. Operating profit has decreased to SEK16 million from SEK25.6 million in the same quarter last year. Q & A Highlights Q: Could you please provide some color on the clients that have entered restructuring? Which segment are they related to and which countries are they from? A: We don't release any clients' names, but they are in the UK and Germany markets, specifically in the brand owner and retailer segments. Q: Does the market momentum for packaging versus other product groups differ? A: Yes, it differs. The packaging segment has been impacted mainly due to a slowdown in the Luxury segment, where we have been selling a lot of packaging. However, we expect this to recover by 2026. Packaging remains a promising area for expansion, allowing us to add value to existing client relationships. Q: What are the key factors affecting the operating profit this quarter? A: The operating profit was affected by a significant currency impact, a volatile market, and a few clients entering administration. Additionally, there was a change in ordering patterns, with clients placing orders later in the season. Q: How is the company addressing the challenges in the Turkish market? A: We have implemented cost savings in Turkey due to the high inflation and challenges in the textile market. We decided to downsize operations there to manage costs effectively. Q: What are the strategic investments being made for future growth? A: We are investing in expanding our production capabilities in Bangladesh and Portugal, and increasing our presence in the US and Vietnam. Additionally, we are focusing on Nilorn:CONNECT to support clients in compliance and sustainability, which serves as a door opener for new business opportunities. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Scotsman
15-07-2025
- Sport
- Scotsman
UEFA Women's Euros Odds: Who is the favourite to win Euro 2025? England, Spain and France latest odds
The UEFA Women's Euros 2025 is now well underway in Switzerland, with the quarter-finals of the competition on the horizon for the remaining eight nations. Reigning champions England had a stuttering start against France, but have stormed back to set up a clash with Sweden in the last eight, who themselves have been mightily impressive themselves with three wins from three. World Cup winners Spain have ensured their pre-tournament tag of favourites has not been unjustified, soaring through the group stages with three wins, scoring an astonishing 14 goals in the process, while France have proven their are a team to keep a close eye on after winning the 'group of death' comfortably, ahead of England and the Netherlands. But who are the favourites to win the UEFA Women's Euros this summer? Here are the latest odds for the Women's Euros 2025 - including England, Spain and France*. *All odds are offered by PaddyPower and are subject to change at any time. Please gamble responsibly. 1 . Switzerland - 66/1 The host nations are the rank outsiders after making the quarter-finals via a last minute strike against Finland. | AFP via Getty Images Photo Sales 2 . Norway - 28/1 They've won all three of their games so far, and have a star studded frontline. That said, the bookies believe they're outsiders to go all the way. | Getty Images Photo Sales 3 . Italy - 25/1 Viewed as many people's dark horses, the Italians have made it the knockouts for the first time in many a tournament. Can they go all the way, though? | Getty Images Photo Sales 4 . Sweden - 10/1 The Swede's have looked mightily impressive, with a 4-1 thrashing of Germany catching the attention of the football world. They have England next - will Sweden enact revenge for their semi-final defeat in 2022? | Getty Images Photo Sales
Yahoo
15-07-2025
- Business
- Yahoo
Nvidia to resume H20 GPU sales in China
(Reuters) -Nvidia will resume sales of its H20 graphics processing units (GPU) to China and has introduced a new model that complies with regulatory requirements for the Chinese market, the company said on Monday.
