Latest news with #VaraResearch
Wall Street Journal
13 hours ago
- Business
- Wall Street Journal
Shell Maintains $3.5 Billion Buyback; Earnings Beat Expectations
Shell said it would buy back $3.5 billion of shares, maintaining the pace of its shareholder returns despite lower prices weighing on energy companies' balance sheets, and said earnings fell less than expected. The British energy giant's adjusted earnings—a closely watched metric that strips out certain commodity price adjustments and one-time charges—fell to $4.26 billion from the $5.58 billion it reported the preceding quarter. Analysts had expected $3.74 billion, according to estimates compiled by Vara Research.
Fashion Network
a day ago
- Business
- Fashion Network
Fragrance giant Symrise rethinks growth path for 2025
The company aims to reach recurring cost savings of 40 million euros ($46.2 million) in 2025 through operational efficiency efforts, of which 20 million euros had already been achieved in the first half of the year, it said. Revenue for the January–June period fell 0.5% on a reported basis to 2.55 billion euros, below analyst expectations of 2.60 billion euros, according to a Vara Research poll. However, organic sales — which exclude currency exchange effects — rose 3.1% during the same period. Swiss competitor Givaudan also reported weaker-than-expected organic sales growth last week, highlighting broader concerns over softening demand in the sector. 'U.S. demand has simply weakened over the past few months,' said Olaf Klinger, chief financial officer at Symrise, during a conference call. He noted that the pet nutrition and UV filter categories were among the most affected. On the subject of U.S. tariffs, Klinger said the company had already implemented price increases in select cases and was prepared with additional mitigation strategies. 'We have the opportunity to relocate products if the tariff situation does not allow continued delivery from certain regions,' he said. 'We also have reformulation options, meaning sourcing raw materials from other regions to ultimately manage tariff situations.' ($1 = 0.8656 euros)
Reuters
2 days ago
- Business
- Reuters
Siemens Healthineers meets Q3 sales expectations, raises guidance
July 30 (Reuters) - German medical technology company Siemens Healthineers ( opens new tab on Wednesday reported third-quarter revenue slightly above analysts' consensus, citing strong growth in its China business after declines last year. The company's revenue was 5.66 billion euros ($6.54 billion) in the quarter, compared to the 5.61 billion expected by analysts in a poll compiled by Vara Research and up 7.6% from last year on a comparable basis. Siemens Healthineers also slightly raised its full year outlook, citing the framework trade agreement the European Union and the U.S. reached on Sunday. The company expects comparable revenue growth between 5.5% and 6% in 2025, after previously guiding for 5-6%, and adjusted basic earnings of 2.30-2.45 euros per share, from 2.20-2.50 euros expected in May. "We had a very good quarter with high revenue growth, another increase in profitability and strong free cash flow," CEO Bernd Montag said in a statement, though he added that the geopolitical environment remained highly volatile. The healthcare technology group's free cash flow increased by 54% from the same period last year, reaching 844 million euros in the third quarter that ended on June 30. ($1 = 0.8654 euros)
Reuters
3 days ago
- Business
- Reuters
Air Liquide's half-year results meet estimates, confirms margin guidance
July 29 (Reuters) - French industrial gases group Air Liquide ( opens new tab confirmed its margin outlook until 2026 and reported half-year revenue in line with market expectations on Tuesday, citing a favourable energy impact that was mitigated by negative currency effects. "In a market environment that remains uncertain, the Group relies more than ever on diversified growth engines, particularly in the electronics and energy transition sectors," CEO François Jackow said in a statement. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its revenue rose 1.8% on a comparable basis to 13.72 billion euros ($15.89 billion) in the January-June period. Its half-year operating margin rose by 100 basis points (bps), or 1 percentage point, to 19.9% on a reported basis that excluded the energy impact. Analysts polled by Vara Research were expecting a revenue of 13.73 billion euros and an operating margin of 20.2% on average. Air Liquide said it expected to further raise its operating margin and deliver recurring net profit growth at constant exchange rates in 2025, as it aims to improve the operating margin by 200 bps over the two years to the end of 2026. ($1 = 0.8635 euros)
Reuters
3 days ago
- Business
- Reuters
Air Liquide posts H1 revenue in line with expectations
July 29 (Reuters) - French industrial gases group Air Liquide ( opens new tab reported a half-year revenue in line with market expectations on Tuesday, citing a favourable energy impact that was mitigated by negative currency effects. The company, which supplies gases such as oxygen, nitrogen and hydrogen to factories and hospitals, said its revenue rose 1.8% on a comparable basis to 13.72 billion euros ($15.89 billion) in the January-June period. Analysts polled by Vara Research were expecting a revenue of 13.73 billion euros on average. ($1 = 0.8635 euros)
