Latest news with #decline
Reuters
5 hours ago
- Business
- Reuters
Japan crude steel output falls for third straight month in June
TOKYO, July 23 (Reuters) - Crude steel output in Japan, the world's No.3 producer, fell 4.4% in June from a year ago, marking a third straight month of annual decline, weighed down by sluggish local demand and weak exports amid high shipment volumes from top producer China. Output, which is not seasonally-adjusted, dropped to 6.72 million metric tons, the Japan Iron and Steel Federation said. Production was also down 1.7% from May. An analyst at the federation said that the decline reflects weak demand in Japan from industries such as automotive manufacturing, along with rising material costs and ongoing labour shortages that continue to hamper construction activity. Sluggish export demand is also dampening production, the analyst said, though the direct impact of U.S. tariff hikes on steel is limited as Japan exports only about 1 million tons to the U.S. market annually. China's steel exports in June fell 8.5% from May to a four-month low of 9.68 million tons, but total outbound shipments in the first half rose 9.2% year-on-year to an all-time high of 58.15 million tons, as steelmakers boosted exports ahead of expected demand weakness from U.S. tariff increases. Japan's steel output in the first six months fell 5% to 40.55 million tons, the lowest for the period since 2009, when the global financial crisis hit demand, according to the federation's analyst. "While production rebounded quickly after the 2009 financial crisis, the current slump shows no signs of recovery and appears more serious," the analyst said. Earlier this month, the Ministry of Economy, Trade and Industry projected that Japan's crude steel output will fall 2.3% in the July-September quarter from a year earlier.
Yahoo
9 hours ago
- Business
- Yahoo
EXEL Industries: Q3 2024-2025 revenue down 10.9%
Q3 2024-2025 revenue down 10.9% Growth maintained in Leisure and Industry, with a persistent decline in agricultureQ3 sales(April 2025–June 2025)) 2023-2024 2024-2025 Change (reported) Change (LFL*) Reported Reported €m % €m % AGRICULTURAL SPRAYING 151.7 115.1 -36.7 -24.2% -34.9 -23.0% SUGAR BEET HARVESTING 39.1 35.8 -3.3 -8.5% -3.1 -7.9% LEISURE 54.0 57.9 +3.9 +7.3% +4.8 +8.9% INDUSTRY 71.7 73.3 +1.7 +2.3% +5.0 +7.0% EXEL Industries Group 316.5 282.1 -34.4 -10.9% -28.1 -8.9% * LFL (Like-for-like) = at constant consolidation scope and foreign exchange rates 9-month sales(October 2024–June 2025)) 2023-2024 2024-2025 Change (reported) Change (LFL*) Reported Reported €m % €m % AGRICULTURAL SPRAYING 400.1 310.0 -90.1 -22.5% -88.9 -22.2% SUGAR BEET HARVESTING 83.4 80.2 -3.2 -3.8% -1.6 -1.9% LEISURE 112.4 118.1 +5.7 +5.1% +4.3 +3.8% INDUSTRY 213.4 217.3 +3.8 +1.8% +6.8 +3.2% EXEL Industries Group 809.3 725.5 -83.8 -10.4% -79.4 -9.8% * LFL (Like-for-like) = at constant consolidation scope and foreign exchange rates Q3 revenue 2024-2025 In the third quarter of the 2024-2025 fiscal year, the EXEL Industries group posted revenue of €282.1 million, down -10.9% on the previous year, mainly due to lower volumes in Agricultural Spraying and a foreign exchange impact of €6.3 million linked to the sharp depreciation of the dollar over the period. At constant foreign exchange rates and scope, sales fell -8.9%. AGRICULTURAL SPRAYING In Agricultural Spraying, sales were down significantly, by -24.2% compared to the third quarter of last year. Revenue fell in the main regions where the Group operates—in Australia, which suffered significant droughts, in North America and in France. In Europe, the situation was more heterogeneous, with slight growth in Northern and Central Europe and difficulties in Western and Eastern Europe. SUGAR BEET HARVESTING Sales of new machines in Sugar Beet Harvesting increased slightly compared to last year but did not offset the decline in used machines. In Germany and North America, sales were resilient and remained stable compared to last year. LEISURE In the third quarter of 2024-2025, Leisure sales were up 7.3%. Thanks to favorable weather conditions, revenue in the United Kingdom was up significantly. INDUSTRY Industrial Spraying grew 2.3% this quarter, thanks to strong sales in Systems projects and in the traditional paint application ranges. Geographically, the situation shows quite marked contrasts, with sales growing significantly in France and in the Americas, being stable or even slightly up in Asia, but down in Western Europe. In Technical Hoses, volumes remained stable in B2B. Outlook AGRICULTURAL SPRAYING Although still at low levels, the order book has begun to stabilize after declining continuously for two years, and is showing the first signs of recovery. The Group continues to adjust its production capacities and cost structure to the current level of business. The situation in the agricultural equipment market in North America remains uncertain. Pending clarifications on tariff policies, order levels remain low. SUGAR BEET HARVESTING Market conditions are uncertain, notably in Europe. However, the Group is more optimistic about the development of growth drivers in North America, provided that a reasonable tariff policy is established. LEISURE The Garden segment should have a satisfactory year compared to the 2024 fiscal year, in line with previous quarters. INDUSTRY Sales are expected to remain stable in Western Europe and continue to grow in North America. However, fewer automotive plants are being built in China. The Group remains vigilant in the face of economic uncertainty in relation to the tariff policy in the United States and its potential consequences on commercial performance. Work on the modernization of the Stains plant, in France, is continuing. It will be operational in the autumn of 2025. Daniel Tragus, Chief Executive Officer of the EXEL Industries Group "In the third quarter, EXEL Industries reported mixed revenue that was in line with expectations. To cope with the decline in volumes in the agricultural sector, the Group has relied on its diversified geographical network and adapted its cost structure, while maintaining increased vigilance on the tariff policy in North America. In Leisure, sales recovered well, buoyed by favorable weather. Lastly, Industry posted a strong performance, but the Group remains cautious about market trends in certain regions." Upcoming events October 24, 2025, before market opening: Q4 2024-2025 revenue December 18, 2025, before market opening: 2024-2025 full-year results About EXEL Industries EXEL Industries is a French family-owned group that designs, manufactures and markets capital equipment and provides associated services that enable its customers to improve efficiency and productivity or enhance their well-being while achieving their CSR by an innovation strategy for over 70 years, EXEL Industries has based its development on innovative ideas designed to offer customers unique, efficient, competitive, and user-friendly its inception, the Group has recorded significant growth in each of its markets through both organic growth and corporate acquisitions, underpinned by a stable shareholder base guided by a long-term development 2023-2024, EXEL Industries generated €1.1 billion in revenue and employed 3,814 people in 33 countries on 5 continents. Euronext Paris, SRD Long only – compartment B (Mid Cap) EnterNext© PEA-PME 150 index (symbol: EXE/ISIN FR0004527638) Press release available on Daniel TragusChief Executive Officer Guillaume JacqGroup Chief Financial Officer / Investor relations Attachment EXEL Industries_Press release_2024-2025-Q3_ENError 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
CTV News
15 hours ago
- CTV News
New report suggests Manitoba crime on decline last year
A new report from Statistics Canada shows a decline in crime in Manitoba for 2024. Danton Unger helps break down the numbers.
Yahoo
a day ago
- Business
- Yahoo
Romania's coastal city and popular Black Sea resort of Mamaia sees a sharp decline in tourists
According to the latest Eurostat data, only 26.6 per cent of Romanians could afford a one-week holiday last year, whether in the country or abroad. In Europe, only Bulgaria came close to this number, while other continental neighbours in western and northern Europe had vastly higher figures. On average, some 85 per cent of citizens of Sweden, Luxembourg and the Netherlands could afford a one-week annual holiday. This has translated to a sharp decline in tourism in Romania, like in the once bustling Black Sea Mamaia resort, which now looks like a skeleton of its former self, with hundreds of sunbeds lying vacant. Related 'You can see clearly, you don't have to be an expert to figure it out. You check how much you earned last year, the same day and how much you earned this year the same day, it's a decrease of about 30-35 per cent,' says Răzvan Chițan, a beach manager at a Mamaia hotel. Why are fewer people visiting Romania's Black Sea Mamaia resort? The decline in holidaymakers is a result of multiple factors, from the war in Ukraine to economic concerns. One main reason, however, is Bucharest's decision to slash the value of the popular holiday voucher scheme, to the tune of 50 per cent. These vouchers can be used to pay for hotel accommodation, food and drink and entertainment events within participating venues inside Romania, and aim to beef up local tourism, as well as attract foreign travellers. Travel agents say that in May of 2024, roughly €95 million worth of holiday vouchers were sold, but this year, only €9 million worth were sold. Hoteliers in the area say the decline has been severe, placing a serious strain on their businesses. 'Bookings are made for no more than two, three days, because tourists are fewer,' said Felicia Simion, a hotelier in Mamaia. 'In our unit, a room with breakfast is 350-400 Leu (€69-79) in July, with breakfast and sunbeds included. And the all-inclusive package varies from 700-850 Leu (€138-168) per night, all inclusive, sunbeds, drinks all day,' said Sebastian Puznava, also a hotelier. Prices have skyrocketed The decline in tourists mostly affects two and three-star hotels, where a majority of stays are paid for using the holiday vouchers. But tourists also say that prices have skyrocketed as of late, also contributing to the downturn in bookings. Related 'Very expensive, so very expensive compared to previous years,' said Cătălin Ciobanu. 'Absolutely everything [increased in price], from a water bottle to the famous beer pint.' 'I haven't calculated, let's say around 800-1,000 Leu (€158-197) maximum,' said Virgil Nohai, a tourist. Last month, most bookings in seaside resorts were made for the weekends, whereas in previous years, people often stayed for a week or more. Most tourists this year have also chosen last-minute offers to maximise on savings and value.
Bloomberg
2 days ago
- Business
- Bloomberg
New Zealand Export Values Drop In Another Sign of Weak Economy
New Zealand posted its first quarterly decline in exports in almost two years, adding to signs that the momentum apparent in the economy at the start of the year has faded. The value of exports fell 3.7% in the second quarter after a 10.6% surge in the three months through March, Statistics New Zealand said Tuesday in Wellington. It's the first drop since the third quarter of 2023.
