Latest news with #StefanFuchs
Zawya
11 hours ago
- Business
- Zawya
Giza Palace Hotel & Spa appoints Stefan Fuchs as General Manager
Cairo, Egypt - Giza Palace Hotel & Spa, the newest icon redefining luxury hospitality in Cairo and a proud member of The Leading Hotels of the World, is pleased to announce the appointment of Stefan Fuchs as its new General Manager. A globally recognized hospitality leader, Fuchs brings over 25 years of international expertise across the UAE, Europe, and Asia. Renowned for repositioning flagship properties and delivering award-winning guest experiences, his appointment marks a strategic milestone in Giza Palace's global expansion and brand elevation. Throughout his career, Fuchs has held leadership roles at some of the world's most acclaimed properties. At Jumeirah at Etihad Towers, he guided the hotel to numerous international accolades and solidified its reputation as one of the UAE's premier luxury destinations. At AYANA Resort and Spa Bali, he oversaw one of Asia's most celebrated luxury resorts, enhancing its global prestige through elevated service standards and visionary operational leadership. He most recently served as General Manager of InterContinental Ras Al Khaimah Mina Al Arab Resort & Spa, following notable tenures with The Ritz-Carlton and InterContinental Hotels Group. His contributions to the industry have earned him titles such as 'General Manager of the Year: Resort' at the 2024 Hotelier Middle East Awards and 'Best General Manager - Hospitality' at the World GM Awards 2024. Widely respected for his guest-first mindset and inclusive leadership style, Fuchs has a proven track record of building high-performance cultures and positioning properties as industry benchmarks. Under his leadership, Giza Palace Hotel & Spa will continue to expand its visibility while honoring Egypt's cultural heritage through a modern, refined lens. 'Excellence is not a skill. Excellence is an attitude,' says Stefan Fuchs. At Giza Palace, his vision is to craft a hospitality experience where heritage, design, and service seamlessly converge to offer guests a sense of place that is both timeless and extraordinary. About Giza Palace Hotel & Spa Part of The Leading Hotels of the World and developed by Travco Group, Giza Palace Hotel & Spa is Egypt's newest luxury landmark, a refined hospitality destination that bridges timeless Egyptian heritage with modern sophistication. Located in the heart of Cairo, the hotel features elegantly appointed rooms and suites, world-class dining led by Michelin-starred talent, expansive wellness facilities, and bespoke cultural experiences. Giza Palace Hotel & Spa sets a new benchmark for excellence in the region, redefining what it means to experience Cairo in style. Media Contact: Giza Palace Marketing pr@ PR Agency: COPIA PR gizapalace@
Yahoo
28-03-2025
- Business
- Yahoo
Fuchs SE (FUPBY) Full Year 2024 Earnings Call Highlights: Strategic Growth Amidst Market Challenges
Revenue: Sales remained flat year-over-year at 0% growth. EBIT: Increased by 5%, contributing to a step towards a 15% EBIT margin target. Earnings Per Share: Grew by 10% year-over-year for both share classes. Cash Conversion: Achieved a 1.0 cash conversion rate, converting entire earnings into cash. Gross Margin: Improved by more than 2 percentage points due to mix effects and lower raw material costs. CapEx: Aligned with depreciation at EUR80 million for 2024. Net Cash Position: Ended the year with a net cash position despite share buybacks and acquisitions. Dividend: Proposed a 5% increase, marking the 23rd consecutive dividend increase. Outlook for 2025: Targeting record sales of EUR3.7 billion and EBIT of EUR460 million. Warning! GuruFocus has detected 6 Warning Signs with FUPBY. Release Date: March 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Fuchs SE (FUPBY) achieved a 10% growth in earnings per share, driven by increased EBIT and a successful share buyback program. The company reported significant volume growth, particularly in specialty and automotive aftermarket segments, contributing to a 5% increase in EBIT. Fuchs SE (FUPBY) maintained a strong cash conversion rate of 1.0, converting all earnings into cash, and ended the year with a net cash position. The company successfully expanded its geographical footprint, with notable growth in regions like China, India, and Mexico, and strong performance in EMEA. Fuchs SE (FUPBY) received the Global Transition Award for the second consecutive year, recognizing its efforts in reducing emissions and sustainability initiatives. The company faced challenges from price adjustments and negative foreign exchange impacts, which affected overall sales growth. Fuchs SE (FUPBY) is experiencing high personnel cost increases, which could impact profitability if not managed carefully. The closure of the French production site will result in double expenses for the year, as the transition involves maintaining the current workforce while building capacity elsewhere. There is ongoing uncertainty in the US market due to political factors, which could affect demand and business operations. The company anticipates potential impacts from tariffs and economic conditions, which could influence its outlook and require careful monitoring. Q: Can you explain the impact of segmentation on Fuchs SE's margin trajectory and how it might affect future business strategies? A: Stefan Fuchs, Chairman of the Executive Board, explained that while high-end specialty businesses offer high margins, they often involve smaller sales volumes. Conversely, larger volume businesses, like OEMs or mining, may have lower margins but generate better earnings due to lower relative expenses. The company aims to focus on both specialty and cash-generating businesses, such as automotive aftermarket, to achieve its long-term target of a 15% EBIT margin. Q: How is Fuchs SE prepared for potential disruptions in the North American market, particularly concerning NAFTA and tariffs? A: Stefan Fuchs stated that Fuchs SE is well-prepared for potential disruptions, as they have significant manufacturing capacities in the US, Canada, and Mexico. The company can easily shift production across borders if necessary, ensuring minimal impact on their operations. Q: What is the outlook for Fuchs SE's business environment across different regions, and how do you see demand patterns evolving? A: Stefan Fuchs noted that while the industrial business in Europe is not running at full steam, specialty and automotive aftermarket segments are performing well. China and India are showing satisfactory growth, and the US had a strong second half of the year. However, there is uncertainty in the US market due to political factors, which could impact demand. Q: Can you provide an update on Fuchs SE's digitalization efforts and the expected impact on costs? A: Isabelle Adelt, CFO, mentioned that digitalization costs are expected to increase significantly as the company transitions to new ways of working. The Transform to Grow (T2G) program is part of this effort, aiming to improve efficiency and productivity. The costs are included in the company's guidance, with benefits expected over the coming years as the program rolls out. Q: How is Fuchs SE addressing the EV market, and are there plans for acquisitions or organic growth in this area? A: Stefan Fuchs highlighted that the company is focused on the new mobility segment, particularly in China, where the EV market is booming. Fuchs SE is working with Chinese OEMs and has developed electric drive fluids as a key product. While the market is not growing as rapidly as previously hyped, the company is strategically positioned to capitalize on opportunities in this segment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
