DIRS.INFO The most relevant business & tech news

☆ Worldline seeks more tech M&A as it beats Q4 sales estimates
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +2 min

Feb 21 (Reuters) - French payment services company Worldline (WLN.PA) will keep looking for technology acquisition opportunities in Europe, it said on Tuesday after it beat fourth-quarter sales expectations. The group, which processes digital payments for clients from merchants to government agencies, produced organic sales growth of 10.7% in 2022 and forecast 2023 organic sales growth of between 8% and 10% for 2023. JPMorgan analysts said: "Overall we see the results as good, the guidance at best in-line but not better than market expectations." Its fourth-quarter organic sales growth of 8.3% beat an analysts' consensus estimate of 7.7% provided by the company, which was driven by market share gains and volume growth in its Merchant Services business. Worldline reaffirmed its 2024 ambitions, including the goal of becoming leading consolidator of the European payment industry.

☆ Car parts maker Forvia sees stable sales in 2023
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: 1 min

Feb 20 (Reuters) - Forvia, the European car parts maker born from Faurecia's (EPED.PA) takeover of Hella (HLE.DE), on Monday forecast 2023 sales in the range of 25.2 billion to 26.2 billion euros ($26.9 billion to $28.0 billion), after its annual sales of 25.5 billion euros reached the upper end of its guidance. The group, which sells seats, dashboards and fuel systems to carmakers, also targets an operating margin of between 5% and 6% for the current fiscal year and a net cash flow exceeding 1.5% of sales. The guidance is based on estimated worldwide automotive production of 82 million vehicles, Forvia said in its earnings statement. ($1 = 0.9355 euros)Reporting by Dagmarah Mackos in Gdansk; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.

☆ Remy Cointreau's sales fall less than feared as China offsets U.S. decline
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

Jan 27 (Reuters) - French spirits maker Remy Cointreau (RCOP.PA) posted a smaller-than-expected drop in third-quarter sales on Friday, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the United States. The maker of Remy Martin cognac and Cointreau liquor confirmed its full-year outlook for strong organic sales growth, albeit with further normalisation of consumption trends in the fourth quarter after two "outstanding years". Remy Cointreau reported a revenue of 437.6 million euros ($475.6 million) for the three months through December, an organic drop of 6% from a year earlier but slightly ahead of analysts' 433.3 million euro forecast. Sales at its Remy Martin cognac division fell 11% in the quarter, dragged by a U.S. slowdown even as the group's Chinese market continued to bounce back. "Despite disruptions triggered by unprecedented levels of Covid, the group successfully generated robust sales growth ahead of the Chinese New Year and in anticipation of a full recovery in business," it said.

☆ Michelin to cut fewer jobs to protect production
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +1 min

PARIS, Dec 6 (Reuters) - Michelin will cut fewer jobs in France than the 2,300 estimated in its initial voluntary redundancy plan in a bid to safeguard production. The French tyre maker said in Jan. 2021 it would cut the jobs, including 1,100 in the service sector and 1,200 in factories, over three years as part of a three-year collective bargaining agreement. "In this period of uninterrupted crisis, one of the group's priorities is to manage production and secure customer deliveries," a Michelin spokesperson told Reuters. Separately to the projected cuts, Michelin said it also planned to create 830 new jobs in France over the three-year period, including 318 in 2023, mainly in the service sector. Reporting by Gilles Guillaume; English version by Dagmarah Mackos; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ French Caterer Elior weighs a tie-up with biggest shareholder Derichebourg -Bloomberg News
▼ + stars: | 2022-11-23 | by ( ) www.reuters.com time to read: +2 min

PARIS, Nov 23 (Reuters) - Elior (ELIOR.PA) is discussing a possible tie-up with its biggest shareholder Derichebourg (DBG.PA) as the French caterer looks to shore up its balance sheet amid ongoing high-inflation environment, Bloomberg News reported on Wednesday. An Elior spokesperson declined to comment on the Bloomberg News report while officials at Derichebourg could not immediately be reached for comment. "The board of directors is finalizing examining various scenarios with the aim to retain the one that will optimize the Group's strategic orientations and improve its financial position," Gault said in a statement. Earlier this year, French metal scrap recycler Derichebourg increased its stake in Elior, to 19.6%, making it the catering group's largest shareholder. Elior's biggest investor, Derichebourg, has no plans to make an offer for the entire company if the tie-up plan proceeds, according to the report.

☆ France's Michelin cuts cash flow outlook on soaring cost inflation
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +2 min

Oct 25 (Reuters) - French tyre maker Michelin (MICP.PA) on Tuesday cut its full-year free cash flow guidance citing an uncertain demand outlook, soaring cost inflation and continued supply chain disruptions, but posted better-than-expected quarterly sales. The company adjusted its structural free cash flow guidance to 700 million euros having previously anticipated more than 1.2 billion euros, due to the one-off the impact of inflation and, to some extent, currency effect on its working capital. Michelin, which makes tyres used in cars, aircraft, bicycles and industrial equipment, still expects an operating income from its main business to reach over 3.2 billion euros ($3.2 billion) this year. Sales rose 20.5% year-on-year to 7.44 billion euros in the third quarter. Analysts polled by the company expected sales of 7.16 billion euros.

☆ BESI sees Q4 revenue drop, warns U.S. export curbs add uncertainty
▼ + stars: | 2022-10-20 | by ( Dagmarah Mackos | ) www.reuters.com time to read: +1 min

Oct 20 (Reuters) - BE Semiconductor (BESI) (BESI.AS) forecast on Thursday a fall in quarterly revenue, as the chipmaking equipment supplier warned that U.S. export curbs to China added more uncertainty to the industry outlook. The Dutch firm is the latest semiconductor company to give downbeat guidance amid growing concerns about weakening consumer demand for electronic devices. The forecast came as the company reported third quarter orders fell 18.2% to 125.3 million euros from the prior quarter, as demand for high performance computing applications and Asian subcontractors weakened. The group reported revenues of 168.8 million euros, a 21.1% decrease from the previous quarter, at the high end of the 20-30% range forecast in July. ($1 = 1.0221 euros)Register now for FREE unlimited access to Reuters.com RegisterReporting by Dagmarah Mackos; editing by Josephine Mason and Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. The group last posted an underlying profit in the second half of 2020, said Clement Genelot, analyst at Bryan Garnier. Shares in the company see-sawed in early trade as investors weighed the return to profitability against concerns about falling orders. As part of the cost cutting measures, Groen said the company has introduced a hiring freeze. Just Eat is looking to expand its networks to include deliveries of other products and is currently exploring a number of pilot schemes, Groen said.

A Just Eat delivery man rides his bicycle in Nice amid the coronavirus disease (COVID-19) outbreak in France, February 16, 2021. REUTERS/Eric Gaillard/File PhotoOct 19 (Reuters) - Just Eat Takeaway.com (TKWY.AS), Europe's largest meal delivery company, said on Wednesday it made an underlying profit in the third quarter, sooner than expected, after cutting expenses on delivery costs and operations. The group said in September it expected to have positive earnings before interest, taxes, depreciation and amortisation (EBITDA) in the second half of the year. The company will hold an extraordinary shareholders meeting on Nov. 18 to vote on the deal worth $1.8 billion, it said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Diana Mandiá and Dagmarah Mackos; editing by Josephine Mason and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Automakers accelerate drive to secure battery raw materials
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

Search resuls for: "Dagmarah Mackos"

10 mentions found