MRG — صفحه 2 از 4 — ✅ خرید وی پی ان ❇ ip ثایت vPn آی پی اختصاصی ◐

ژوئن 2, 2022

Shift to premium spirits helps Remy weather China lockdowns

2021/22 current operating profit up 39.9% vs forecast 38.6%
Expects another year of strong growth in 2022/23
Still eyes double-digit organic sales growth in Q1 – CEO

PARIS, June 2 (Reuters) – France’s Remy Cointreau (RCOP.PA) on Thursday predicted a strong start to its new financial year, as broad demand for its premium spirits helps to offset inflationary pressures and the impact of COVID lockdowns in China.The maker of Remy Martin cognac and Cointreau liquor made the upbeat comments after reporting higher-than-expected operating profit growth for its financial year ended March 31.”On the strength of our progress against our strategic goals, new consumption trends and our robust pricing power, we are starting the year 2022-23 with confidence,” Chief Executive Officer Eric Vallat said in a statement.Register now for FREE unlimited access to Reuters.comRegisterThe pandemic has helped Remy’s long-term drive towards higher-priced spirits to boost profit margins, accelerating a shift towards premium drinks, at-home consumption, cocktails and e-commerce.Vallat told journalists that for the new fiscal year, Remy expected “solid profitable growth” as price increases and cost control would help mitigate inflationary pressures.In the short term, Vallat said: “I can confirm we are expecting double-digit organic sales growth in the first quarter despite the lockdown in China and high comparables.”With China accounting for 15-20% of group sales, growth would be led by demand from other regions, notably the United States.Strong demand for its premium cognac in China and the United States, along with tight cost management, lifted the company’s 2021/22 organic operating profit by 39.9% to 334.4 million euros ($356.3 million), beating the 38.6% forecast by analysts.Reflecting its confidence, Remy said it would pay shareholders an ordinary dividend of 1.85 euros per share in cash and an exceptional dividend of 1 euro.”Remy guides to another year of strong growth and margin improvement, led by its strong pricing power, which suggests upside to consensus organic EBIT of +10%,” Credit Suisse analysts said in a note.Remy Cointreau shares jumped more than 3% in early trade, before handing back some gains.The company reiterated its 2030 goals for a gross margin of 72% and an operating margin of 33%. That compares with the 68.6% and 25.5% achieved respectively in 2021/22.($1 = 0.9385 euros)Register now for FREE unlimited access to Reuters.comRegisterReporting by Dominique Vidalon Editing by Sherry Jacob-Phillips and Mark PotterOur Standards: The Thomson Reuters Trust Principles. .

می 23, 2022

Siemens Energy sees ‘need for action’ in $4.3 bln turbine unit takeover plan

MADRID, May 23 (Reuters) – Siemens Energy (ENR1n.DE) does not yet see signs of a recovery at wind turbine maker Siemens Gamesa (SGREN.MC), its chief executive said on Monday after launching a 4.05 billion euro ($4.29 billion) bid for minority holdings in the unit.Siemens Energy announced the bid on Saturday after pressure from shareholders to raise its stake in Siemens Gamesa from the 67% it inherited after a spin off from Siemens (SIEGn.DE). Siemens Gamesa said it would review the offer. read more Siemens Gamesa shares rose more than 6% at the Madrid market open to trade at about 17.7 euros by 0705 GMT, just below the 18.05 euro per share offer price. Siemens Energy shares rose 2.7% in Frankfurt.Register now for FREE unlimited access to Reuters.comRegisterSiemens Gamesa, whose shares had fallen 20% since the start of the year until the offer was made, had issued three profit warnings in less than a year, dogged by product delays and operational problems.”There are not yet clear signs of a near-term recovery in the current setup,” Siemens Energy Chief Executive Christian Bruch said, adding that Siemens Gamesa’s financial performance was “really creating the need for action.”The bid price represented a premium of 27.7% over the Spanish-listed stock’s last unaffected closing price on May 17, and a 7.8% premium to Friday’s closing price.Asked about the onshore turbine business which has caused particular headaches, Bruch told analysts on a conference call: “There is no reason why you cannot be successful in onshore business if you fix your operational issues.”European turbine makers have racked up losses in a fiercely competitive market as metals and logistics prices surged due to COVID-19, import duties and Russia’s invasion of Ukraine. read more “I don’t believe that the supply chain environment will get easier,” Bruch said, increasing the need to “push for operational excellence everywhere as fast as possible”.He said pooling suppliers would “leverage the double-digit billion procurement volume we have as a total group as best we can.”Working to produce hydrogen from wind power, a technology seen as a promising way to reduce planet-warming carbon emissions from industry, could also be more effective under the new setup, he said.($1 = 0.9431 euros)Register now for FREE unlimited access to Reuters.comRegisterReporting by Isla Binnie; Editing by Christian Schmollinger and Edmund BlairOur Standards: The Thomson Reuters Trust Principles. .

می 22, 2022

Siemens Energy launches $4.3 billion bid for remaining Siemens Gamesa stake

A model of a wind turbine with the Siemens Gamesa logo is displayed outside the annual general shareholders meeting in Zamudio, Spain, June 20, 2017. REUTERS/Vincent WestRegister now for FREE unlimited access to Reuters.comRegister

Siemens Energy bids 18.05 euros/share for 33% stake
Bid comes after operational problems at Siemens Gamesa
Deal could yield cost synergies of up to 300 mln eur

FRANKFURT, May 21 (Reuters) – Siemens Energy (ENR1n.DE) on Saturday launched a 4.05 billion euro ($4.28 billion) bid for the remaining shares in struggling wind turbine unit Siemens Gamesa (SGREN.MC), hoping to remove a complex ownership structure that has weighed on its shares.Siemens Energy said the 18.05 euros per share bid constitutes a premium of 27.7% over the last unaffected closing share price of Spanish-listed Siemens Gamesa of 14.13 euros on May 17. It is a 7.8% premium to Friday’s closing price.Siemens Energy has faced mounting shareholder pressure to seek control of Siemens Gamesa (SGRE), in which it owns 67%, a stake it inherited as part of a spin-off from former parent Siemens (SIEGn.DE).Register now for FREE unlimited access to Reuters.comRegisterThat stake has given Siemens Energy little influence to deal with product delays and operational problems at Siemens Gamesa. The group has issued three profit warnings in less than a year.”It is critical that the deteriorating situation at SGRE is being stopped as soon as possible, and the value-creating repositioning starts quickly,” said Joe Kaeser, Siemens Energy’s supervisory board chairman.This year, sources told Reuters that Siemens Energy was exploring options to acquire the remaining stake in Siemens Gamesa and a deal could materialise by summer. read more Siemens Energy said it plans to finance up to 2.5 billion euros of the transaction with equity or equity-like instruments, adding a first step could be a capital increase without subscription rights.The remainder would be financed with debt as well as cash on hand, Siemens Energy said, adding it aimed to delist Siemens Gamesa. Spanish stock market regulations allow that once ownership of 75% is reached.Full integration of Siemens Gamesa will simplify Siemens Energy’s structure and provide a more coherent business model that caters to legacy energy assets like coal, transition technologies such as gas, and renewable power sources.”This transaction comes at a time of major changes affecting global energy,” Siemens Energy Chief Executive Christian Bruch said. “Our conviction is that the current geopolitical developments will not lead to a setback to the energy transition.”Siemens Energy said the deal would lead to cost synergies of up to 300 million euros annually within three years of the full integration, mainly due to more favourable supply chain management, combined administration and joint R&D.The deal should close in the second half and is expected to achieve revenue synergies of a mid triple-digit million amount by 2030, the group said.($1 = 0.9470 euros)Register now for FREE unlimited access to Reuters.comRegisterReporting by Christoph Steitz and Ludwig Burger; Editing by Nick Zieminski, Daniel Wallis and David GregorioOur Standards: The Thomson Reuters Trust Principles. .

می 12, 2022

Swedish Match top 10 investor says Philip Morris bid a ‘healthy premium’

Moist powder tobacco “snus” cans are seen on shelves at a Swedish Match store in Stockholm, Sweden October 24, 2018. Picture taken October 24, 2018. REUTERS/Anna Ringstrom/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, May 12 (Reuters) – Philip Morris’ $16 billion offer for Stockholm-based Swedish Match (SWMA.ST) represents a “healthy premium” and the Marlboro maker could yet go higher, Swedish Match’s No. 10 shareholder GACMO Investors (GBL.N) said on Thursday.Marlboro maker Philip Morris agreed on Wednesday to buy Swedish Match, one of the world’s biggest makers of oral nicotine products. These include Snus – a sucked tobacco product the firm says is less harmful than smoking – as well as Zyn nicotine pouches, which are used the same way and tobacco-free.Kevin Dreyer, co-chief investment officer, value, at GAMCO identified Japan Tobacco Inc (2914.T) (JTI) as a possible rival bidder but said it would be hard-pressed to hijack the deal. GAMCO, formerly known as Gabelli Asset Management Company, owns just over 2% of Swedish Match, according to Refinitiv.Register now for FREE unlimited access to Reuters.comRegister“PMI has very deep pockets and will be a tough company to out-bid,” he said. “This deal is really the culmination of the last five-to-seven years of work Swedish Match has done in developing Zyn into the leading brand, and having that advantageous market share – it’s an attractive stock.”Philip Morris declined to comment. Swedish Match and JTI did not immediately respond to a request for comment.Philip Morris needs at least 90% of shareholders to approve the deal for it to succeed. Some other shareholders have questioned whether the Philip Morris offer represents good value. Swedish Match shareholder Bronte Capital said on Wednesday the price Philip Morris agreed to pay was “unacceptable”.Register now for FREE unlimited access to Reuters.comRegisterReporting by Richa Naidu; editing by David Evans and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles. .

آوریل 25, 2022

Twitter set to accept Musk’s $43 billion offer

Elon Musk’s twitter account is seen through the Twitter logo in this illustration taken, April 25, 2022. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.comRegisterNEW YORK, April 25 (Reuters) – Twitter Inc (TWTR.N) is poised to agree a sale to Elon Musk for around $43 billion in cash, the price the CEO of Tesla has called his “best and final” offer for the social media company, people familiar with the matter said.Twitter may announce the $54.20-per-share deal later on Monday once its board has met to recommend the transaction to Twitter shareholders, the sources said, adding it was still possible the deal could collapse at the last minute.Musk, the world’s richest person according to Forbes, is negotiating to buy Twitter in a personal capacity and Tesla (TSLA.O) is not involved in the deal.Register now for FREE unlimited access to Reuters.comRegisterTwitter has not been able to secure so far a ‘go-shop’ provision under its agreement with Musk that would allow it to solicit other bids once the deal is signed, the sources said. Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.The sources requested anonymity because the matter is confidential. Twitter and Musk did not immediately respond to requests for comment.Twitter shares were up 4.5% in pre-market trading in New York at $51.15.Musk, a prolific Twitter user, has said it needs to be taken private to grow and become a genuine platform for free speech.The 50-year-old entrepreneur, who is also CEO of rocket developer SpaceX, has said he wants to combat trolls on Twitter and proposed changes to the Twitter Blue premium subscription service, including slashing its price and banning advertising.The billionaire, a vocal advocate of cryptocurrencies, has also suggested adding dogecoin as a payment option on Twitter.He has said Twitter’s current leadership team is incapable of getting the company’s stock to his offer price on its own, but stopped short of saying it needs to be replaced.”The company will neither thrive nor serve this societal imperative in its current form,” Musk said in his offer letter last week.Up to the point Musk disclosed a stake in Twitter in April, the company’s shares had fallen about 10% since Parag Agrawal took over as CEO from founder Jack Dorsey in late November.The deal, if it happens, would come just four days after Musk unveiled a financing package to back the acquisition.This led Twitter’s board to take his offer more seriously and many shareholders to ask the company not to let the opportunity for a deal slip away, Reuters reported on Sunday. Before Musk revealed the financing package, Twitter’s board was expected to reject the bid, sources had said. read more The sale would represent an admission by Twitter that Agrawal is not making enough traction in making the company more profitable, despite being on track to meet ambitious financial goals the company set for 2023. Twitter’s shares were trading higher than Musk’s offer price as recently as November.Musk unveiled his intention to buy Twitter on April 14 and take it private via a financing package comprised of equity and debt. Wall Street’s biggest lenders, except those advising Twitter, have all committed to provide debt financing.Musk’s negotiating tactics – making one offer and sticking with it – resembles how another billionaire, Warren Buffett, negotiates acquisitions. Musk did not provide any financing details when he first disclosed his offer for Twitter, making the market skeptical about its prospects.Register now for FREE unlimited access to Reuters.comRegisterReporting by Greg Roumeliotis in New York, additional reporting by Krystal Hu;
Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles. .