Latest news with #ShareBuyback
Reuters
3 days ago
- Business
- Reuters
Office space provider IWG increases buyback target, reiterates forecast
Aug 19 (Reuters) - Office space provider IWG (IWG.L), opens new tab announced a new share buyback target of at least $130 million for the year on Tuesday and reaffirmed its annual forecast, after reporting a 6% rise in first-half adjusted core profit on strong revenues.
Yahoo
3 days ago
- Business
- Yahoo
DeFi Technologies Inc (DEFT) Q2 2025 Earnings Call Highlights: Strong Financial Performance ...
Adjusted Revenue: US $32.1 million for Q2 2025. Adjusted EBITDA: US $21.6 million for Q2 2025. Adjusted Net Income: US $17.4 million for Q2 2025. Assets Under Management (AUM): Ended Q2 at US $772.8 million, reaching US $947 million by July 31st. Net Inflows: US $77.4 million for the first half of 2025. IFRS Revenue: US $13.4 million for Q2 2025, cumulative US $57.1 million for the six months ended June 30th. Cash and Digital Assets: US $26.4 million in cash and US $26 million in digital assets as of June 30th. Staking Income: Effective realized staking income of 3.6% on average AUM during Q2. Management Fee Yield: 1.1% for Q2 2025. Share Buyback: Repurchased 675,900 shares, returning US $1.9 million to investors. Warning! GuruFocus has detected 5 Warning Signs with DEFT. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points DeFi Technologies Inc (NASDAQ:DEFT) reported strong financial performance in Q2 2025 with adjusted revenues of $32.1 million, adjusted EBITA of $21.6 million, and adjusted net income of $17.4 million. The company's largest business unit, Vellore, saw significant demand with net inflows totaling $77.4 million for the first half of the year, and AUM reaching $947 million by July 31st. DeFi Technologies Inc (NASDAQ:DEFT) launched 14 new ETPs in Q2, keeping on track to reach 100 listed products by year-end, potentially becoming the largest issuer of digital asset structured products on regulated stock exchanges. The company is expanding globally, with regulatory approvals in final phases in Kenya and Turkey, and targeting other markets in Asia and Latin America. DeFi Technologies Inc (NASDAQ:DEFT) is well-capitalized with $26.4 million in cash and $26 million in digital assets, and is renewing its share buyback program to capitalize on undervalued shares. Negative Points Q2 average AUM decreased to $748 million from $780 million in Q1 due to negative cryptocurrency price movements, impacting revenue. The company missed its revenue guidance for the first half of the year by $5.5 million, primarily due to deferred DeFi alpha trading revenues. Staking revenue declined due to a drop in on-chain activity and lower average prices of key assets like Ethereum and Solana. The effective AUM monetization rate decreased from 6.2% in Q1 to 4.7% in Q2, reflecting lower staking yields and management fees. There are ongoing challenges in expanding into new regions, with regulatory approvals and market conditions causing delays. Q & A Highlights Q: Can you help us bridge the guidance of US $218 million for the full year? What are the big drivers to achieve this? A: Johan Wattenstrom, Chief Operating Officer, explained that the improved market conditions and portfolio composition have positioned the company to generate more yields. The pipeline for alpha trades has also increased in value, contributing to the higher guidance. Q: What are the roadblocks to expanding into Africa, Asia, and the Middle East? A: Andrew Forson, Director, stated that it's more about completing regulatory processes rather than roadblocks. The company is actively engaging with local authorities and expects to announce progress once all conditions are met. Q: How does the company plan to approach product development strategically? A: Johan Wattenstrom, Chief Operating Officer, highlighted that the company aims to be a leading asset manager by offering a wide range of digital asset products. This strategy has attracted interest from global banks and institutions looking to build products on top of their offerings. Q: Can you provide more details on the new advisory business and its potential? A: Andrew Forson, Director, explained that the advisory business is in demand from foundations and public companies transitioning to digital assets. The company offers solutions for liquidity, token distribution, and revenue-generating projects, leveraging its expertise in the digital asset space. Q: What gives you confidence that the alpha trades will occur in the second half of the year? A: Johan Wattenstrom, Chief Operating Officer, expressed confidence in executing the majority of the planned trades due to strong relationships with counterparties and favorable market conditions. The company has a pipeline of trades and expects to achieve its targets even if not all trades are completed. 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
Yahoo
6 days ago
- Business
- Yahoo
Boozt AB (BOZTY) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Revenue: Declined by 3% to SEK1.8 billion, flat in local currency. Booztlet Revenue Growth: Increased by 14% or 17% in local currency. Revenue Decline: Decreased by 6% or 3% in local currency. Adjusted EBIT Margin: 3.4%, down 1.5 percentage points from last year. Gross Margin: 39.1%, down 2.7 percentage points from last year. Free Cash Flow: More than doubled to SEK186 million from SEK90 million last year. Share Buyback: SEK94 million worth of shares repurchased in the quarter. Net Cash Position: SEK75 million at the end of the quarter. Customer Metrics: 53% of customers bought from more than one category, up from 51% last year. Average Order Value: Increased 2% to SEK934. Fulfillment Cost Ratio: Improved to 10.5% from 11.4% last year. Marketing Cost Ratio: Increased to 11.5% from 10.8% last year. Admin and Other Costs Ratio: Decreased by 1.5 percentage points to 9.7%. Financial Guidance for 2025: Net revenue growth of 0% to 6% and adjusted EBIT margin of 4.5% to 5.5%. Free Cash Flow Guidance for 2025: At least SEK500 million. Warning! GuruFocus has detected 3 Warning Sign with BOZTY. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Booztlet's revenue grew by 14% or 17% in local currency, driven by effective inventory clearance strategies. Strong free cash flow more than doubled to SEK186 million, supported by disciplined inventory management and customs repayment. The company repurchased SEK94 million worth of shares, with plans to increase the share buyback program from SEK200 million to SEK300 million. Operational cost improvements were noted, with fulfillment and admin costs improving by close to 2.5-percentage-points combined. Strategic initiatives in AI and hiring are expected to fuel future growth, enhancing customer experience and operational efficiency. Negative Points Reported revenue declined by 3% due to a 3% currency headwind, with seeing a revenue decline of 6% or 3% in local currency. Adjusted EBIT margin for the quarter was 3.4%, down 1.5-percentage-points from last year, impacted by lower gross margins and higher marketing costs. Marketing cost ratio increased to 11.5% from 10.8% last year, with offline marketing not yielding expected returns. Consumer confidence remains low, particularly affecting demand in Denmark and the women's fashion category. Inventory levels were initially too high, necessitating clearance sales that impacted gross margins negatively. Q & A Highlights Q: Can you provide insights into the start of Q3, considering the variations in April, May, and June? A: Normally, we don't provide current trading details, but I can share that we're back to growth, albeit modest. This supports our guidance for the second half. - Hermann Haraldsson, CEO Q: The guidance range seems wide. Is the upper end of the guidance optimistic given H1 sales? A: It's a combination of easier comps, better stock alignment, and optimism for revenue. On costs, we're well-controlled, so the midpoint is a good bet, not the lower end. - Hermann Haraldsson, CEO Q: Can you confirm the underlying margin in Q2 and Q3, excluding Norwegian import duties? A: We have a tailwind from customs of 0.7-percentage-points this quarter, with a full-year impact of around 0.5-percentage-points. - Sandra Gadd, CFO Q: How has the FX rate movement affected your guidance? A: It's too early to say definitively, but our current guidance covers the changes. We'll be more specific in Q3 if needed. - Sandra Gadd, CFO Q: What is the quality of your current inventory, and do you anticipate further clearances in Q3? A: Our inventory is in line with last year, and we have managed to clear excess stock. We are focusing on having the right inventory for especially correcting for the women's category for fall. - Hermann Haraldsson, CEO Q: Will the marketing spend in H2 be neutralized by increased fashion-related marketing? A: The marketing cost ratio was too high in Q2. We aim for a long-term ratio of 10% or below, and we are revisiting our strategy to increase category awareness effectively. - Hermann Haraldsson, CEO Q: What drove the recovery in June, and was it widespread across regions? A: The recovery was driven by improved weather and consumer confidence. Denmark remains more depressed, while Sweden is performing well. - Hermann Haraldsson, CEO Q: Have you seen any changes in competition from ultra-fast fashion players? A: Competition remains intense, but some ultra-fast fashion players are losing ground. The decline in women's dresses may be due to cheaper, trend-driven purchases. - Hermann Haraldsson, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Boozt AB (BOZTY) Q2 2025 Earnings Call Highlights: Navigating Revenue Decline with Strategic ...
Revenue: Declined by 3% to SEK1.8 billion, flat in local currency. Booztlet Revenue Growth: Increased by 14% or 17% in local currency. Revenue Decline: Decreased by 6% or 3% in local currency. Adjusted EBIT Margin: 3.4%, down 1.5 percentage points from last year. Gross Margin: 39.1%, down 2.7 percentage points from last year. Free Cash Flow: More than doubled to SEK186 million from SEK90 million last year. Share Buyback: SEK94 million worth of shares repurchased in the quarter. Net Cash Position: SEK75 million at the end of the quarter. Customer Metrics: 53% of customers bought from more than one category, up from 51% last year. Average Order Value: Increased 2% to SEK934. Fulfillment Cost Ratio: Improved to 10.5% from 11.4% last year. Marketing Cost Ratio: Increased to 11.5% from 10.8% last year. Admin and Other Costs Ratio: Decreased by 1.5 percentage points to 9.7%. Financial Guidance for 2025: Net revenue growth of 0% to 6% and adjusted EBIT margin of 4.5% to 5.5%. Free Cash Flow Guidance for 2025: At least SEK500 million. Warning! GuruFocus has detected 3 Warning Sign with BOZTY. Release Date: August 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Booztlet's revenue grew by 14% or 17% in local currency, driven by effective inventory clearance strategies. Strong free cash flow more than doubled to SEK186 million, supported by disciplined inventory management and customs repayment. The company repurchased SEK94 million worth of shares, with plans to increase the share buyback program from SEK200 million to SEK300 million. Operational cost improvements were noted, with fulfillment and admin costs improving by close to 2.5-percentage-points combined. Strategic initiatives in AI and hiring are expected to fuel future growth, enhancing customer experience and operational efficiency. Negative Points Reported revenue declined by 3% due to a 3% currency headwind, with seeing a revenue decline of 6% or 3% in local currency. Adjusted EBIT margin for the quarter was 3.4%, down 1.5-percentage-points from last year, impacted by lower gross margins and higher marketing costs. Marketing cost ratio increased to 11.5% from 10.8% last year, with offline marketing not yielding expected returns. Consumer confidence remains low, particularly affecting demand in Denmark and the women's fashion category. Inventory levels were initially too high, necessitating clearance sales that impacted gross margins negatively. Q & A Highlights Q: Can you provide insights into the start of Q3, considering the variations in April, May, and June? A: Normally, we don't provide current trading details, but I can share that we're back to growth, albeit modest. This supports our guidance for the second half. - Hermann Haraldsson, CEO Q: The guidance range seems wide. Is the upper end of the guidance optimistic given H1 sales? A: It's a combination of easier comps, better stock alignment, and optimism for revenue. On costs, we're well-controlled, so the midpoint is a good bet, not the lower end. - Hermann Haraldsson, CEO Q: Can you confirm the underlying margin in Q2 and Q3, excluding Norwegian import duties? A: We have a tailwind from customs of 0.7-percentage-points this quarter, with a full-year impact of around 0.5-percentage-points. - Sandra Gadd, CFO Q: How has the FX rate movement affected your guidance? A: It's too early to say definitively, but our current guidance covers the changes. We'll be more specific in Q3 if needed. - Sandra Gadd, CFO Q: What is the quality of your current inventory, and do you anticipate further clearances in Q3? A: Our inventory is in line with last year, and we have managed to clear excess stock. We are focusing on having the right inventory for especially correcting for the women's category for fall. - Hermann Haraldsson, CEO Q: Will the marketing spend in H2 be neutralized by increased fashion-related marketing? A: The marketing cost ratio was too high in Q2. We aim for a long-term ratio of 10% or below, and we are revisiting our strategy to increase category awareness effectively. - Hermann Haraldsson, CEO Q: What drove the recovery in June, and was it widespread across regions? A: The recovery was driven by improved weather and consumer confidence. Denmark remains more depressed, while Sweden is performing well. - Hermann Haraldsson, CEO Q: Have you seen any changes in competition from ultra-fast fashion players? A: Competition remains intense, but some ultra-fast fashion players are losing ground. The decline in women's dresses may be due to cheaper, trend-driven purchases. - Hermann Haraldsson, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
12-08-2025
- Business
- Yahoo
Interim report for 1 January
Company Announcement Copenhagen, 12 August 2025No. 47/2025 Interim report for 1 January – 30 June 2025 Continued robust financial development. Second tranche of the share buyback programme increased by DKK 500 million to DKK 1,750 million Highlights Financial performance Organic growth was 3.8% in Q2 2025 (Q2 2024: 5.8%), and 4.1% in H1 2025 (H1 2024: 5.9%), mainly driven by price increases and projects and above-base work, partially offset by net negative contract wins as previously communicated. Operating margin before other items (excl. IAS 29) improved to 4.2% in H1 2025 from 4.0% in H1 2024 as a result of continued operational improvements across the Group. Free cash flow improved to DKK (0.5) billion in H1 2025 (H1 2024: DKK (1.1) billion) mainly due to increased operating profit and improved changes in working capital. Business update ISS secured six new large key account contracts, each with annual revenue above DKK 100 million, alongside several smaller and mid-sized local IFS contracts. In addition, a number of existing contracts were extended, several with significant scope expansions of above DKK 100 million. Strategy execution developed according to plan, where especially commercial model, workforce management and finance shared service centre gained momentum. The final oral hearing in the arbitration proceedings with Deutsche Telekom took place in mid July. The parties now await a ruling by the Tribunal. Capital distribution and outlook On 27 May 2025, ISS established a Euro-Commercial Paper (ECP) programme to enable more efficient and timely access to short-term financing. The programme has a maximum principal value of EUR 900 million. On 11 August 2025, ISS concluded the first DKK 1,250 million tranche of its 2025 share buyback programme. The second tranche has been increased by DKK 500 million to DKK 1,750 million in accordance with our capital allocation policy. The total programme will thereby amount to DKK 3.0 billion. The 2025 outlook is unchanged for all three financial KPIs; organic growth of 4 – 6%, operating margin above 5% and free cash flow above DKK 2.4 billion. Kasper Fangel Group CEO, ISS A/S, says: 'Over the past quarter, we've maintained a steadfast focus on executing our strategic priorities - driving customer-centric growth, improving efficiency, and becoming the world's leading frontline employer. I'm pleased to see this reflected in continued robust financial performance, including an improved operating margin. So far this year, we've announced expansions and wins of 14 contracts, each with additional annual revenue of more than DKK 100 million. Additionally, with our strong capital position, we've decided to increase our share buyback programme by DKK 500 million. We still have more to accomplish, but I'm pleased with the current focus and speed of execution across our organisation. This collective drive is not only fuelling our momentum - it is laying the foundation for sustained success.' For investor enquiriesMichael Vitfell-Rasmussen, Head of Group Investor Relations, +45 53 53 87 25Anne Sophie Riis, Senior Investor Relations Manager, +45 30 52 94 68 For media enquiriesCharlotte Holm, Head of External Communication, +45 41 76 19 89 ISS is a leading, global provider of workplace and facility service solutions. In partnership with customers, ISS drives the engagement and well-being of people, minimises the impact on the environment, and protects and maintains property. ISS brings all of this to life through a unique combination of data, insight and service excellence at offices, factories, airports, hospitals and other locations across the globe. ISS has more than 325,000 employees around the globe, who we call 'placemakers'. In 2024, Group revenue was DKK 83.7 billion. For more information on the ISS Group, visit ISS Announcement - H1 2025 Interim Report ISS AS H1 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
