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Top related persons:
Marc Hesselink - 1 TomTom - 1 Taco Titulaer - 1 Titulaer - 1 Gaëlle Sheehan - 1 Nathan Vifflin - 1 Milla Nissi - 1 Susan Fenton - 1
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Gdansk
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Google - 1 ING - 1 Volkswagen - 1 Finance - 1 Thomson - 1

Search resuls for: "Marc Hesselink"


4 mentions found


☆ Map maker TomTom shares slide as its biggest unit misses sales forecast
  + stars: | 2023-10-13 | by ( Gaelle Sheehan Nathan Vifflin | Gaelle Sheehan | Nathan Vifflin | ) www.reuters.com   time to read: +2 min
Oct 13 (Reuters) - Digital mapping specialist TomTom (TOM2.AS) reported lower than expected revenue at its main location technology business on Friday, sending its shares down 7%. Sales in the auto sector rose 32% but the enterprise sector's sales fell 20%, reflecting lower volumes of some renewed contracts. Total group sales rose 6% on the year to 144.1 million euros. Finance chief Taco Titulaer said growth in car production might stabilise in the forth quarter, though he did not expect TomTom to suffer from it. Titulaer said TomTom saw new opportunities in generative artificial intelligence (AI) and was "investing time and money and people" into the technology.
Persons: Marc Hesselink, TomTom, Taco Titulaer, Titulaer, Gaëlle Sheehan, Nathan Vifflin, Milla Nissi, Susan Fenton Organizations: Google, ING, Volkswagen, Finance, Reuters, Thomson Locations: Gdansk
☆ ASML, China customers haunted by uncertainty on new Dutch chip export rules
  + stars: | 2023-03-09 | by ( Tosterling Philip Blenkinsop | Philip Blenkinsop | ) www.reuters.com   time to read: +4 min
The "installed base" segment contributed about 25% of ASML's worldwide revenue in 2022. ING analyst Marc Hesselink calculated that the new Dutch rules could possibly affect products that account for 10% of ASML's worldwide sales. The Chinese may have a competitive advantage there, and ASML's sales in China could even grow modestly. Regardless, ASML will thrive outside China in the long run as chipmakers worldwide expand capacity, he said. "The demand for ASML machines is not going to be impacted, it's simply going to shift to a different region," he said.
☆ Philips to cut 13% of jobs in safety and profitability drive
  + stars: | 2023-01-30 | by ( Bart H. Meijer | ) www.reuters.com   time to read: +3 min
The new reorganisation brings the total amount of job cuts announced by new Chief Executive Roy Jakobs in recent months to 10,000, or around 13% of Philips' current workforce. Philips shares traded up 5.5% at 0855 GMT, helped by fourth-quarter earnings which were much better than expected. "What we present today I think is a very strong plan to secure the future of Philips. Jakobs said patient safety would be put "squarely at the center" of the new organization. To improve profitability while investing in safety, innovations will be targeted at "fewer, better resourced, and more impactful projects", Jakobs said.
☆ Philips shares slump on profit warning and sleep apnea device writedown
  + stars: | 2022-10-12 | by ( Bart H. Meijer | ) www.reuters.com   time to read: +3 min
Shares were down 9% at 0750 GMT at 14.13 euros, hitting their lowest level since June 2012. In its second profit warning of the year, Philips said third-quarter core profit would drop around 60%, as ongoing supply chain problems had pushed down comparable sales by around 5%. This was expected to have limited adjusted earnings before interest, taxes and amortisation (EBITA) to 210 million euros in the third quarter, down from 512 million euros a year before. RECALL HITS SLEEP BUSINESSPhilips last year shocked investors by recalling 5.5 million ventilators used to treat sleep apnoea, over worries that foam used in the machines could become toxic. "Details of the consent decree have not been fully negotiated at this time," Van Houten said in a call with analysts.
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