Latest news with #EEMEA
Fibre2Fashion
11 hours ago
- Business
- Fibre2Fashion
Germany's Puma revises 2025 outlook amid sales dip & tariff impact
German sports apparel and footwear company Puma has reported preliminary results in the second quarter (Q2) of 2025, witnessing a currency-adjusted (ca) decline of 2 per cent in its sales to reach €1,942 million. Currency headwinds significantly impacted reported figures, reducing sales by approximately €135 million, or 8.3 per cent. The gross profit margin declined 70 basis points (bps) to 46.1 per cent due to increased promotional activity and adverse currency effects. The adjusted EBIT of the company fell to €13.2 million, further impacted by lower margins. The company reported one-time costs of €84.6 million (~$99 million). The quarter closed with a net loss of €247 million (~$291.46 million). North America was down by 9.1 per cent YoY, Europe saw a decline of 3.9 per cent YoY, and Greater China went down by 3.9 per cent, while Latin America was up 16.1 per cent and Eastern Europe, Middle East, and Africa (EEMEA) increased by 0.5 per cent, Puma said in a press release. Puma has reported a 2 per cent sales decline in Q2 2025 to €1.94 billion (~$2.27 billion), with net loss at €247 million (~$291.46 million) due to lower margins and €84.6 million (~$99 million) in one-time costs. H1 sales dropped 1 per cent to €4.02 billion (~$4.70 billion). Weakened wholesale, US tariffs, and inventory build-up led to a revised forecast: full-year sales are now expected to decline. Segment-wise, wholesale business saw a declining performance of 6.3 per cent, offsetting a 9.2 per cent increase in direct-to-consumer (DTC) sales, with e-commerce seeing double-digit growth. Category-wise, footwear grew 5.1 per cent, but this was offset by declines in apparel, which fell by 10.7 per cent, and accessories, which declined by 6.4 per cent. For the first half (H1) of 2025, preliminary sales dropped 1 per cent to €4.02 billion (~$4.7 billion) a drop of 4.8 per cent on reported basis, with adjusted EBIT at €62.5 million and one-time costs totalling €102.6 million. The net loss stood at €246.6 million. Inventories surged 18.3 per cent currency-adjusted to €2,151 million, driven by higher levels in key markets. Puma has revised its full-year guidance. Currency-adjusted sales have been forecast to decline by a low double-digit percentage (previously: a low- to mid-single-digit increase). EBIT for full-year 2025 has been expected to result in a loss (previously: €445 million to €525 million), reflecting softer topline performance, intensified currency headwinds, the impact of US tariffs, and additional one-off measures aimed at cost base alignment in H2 2025. An earnings outlook has been provided for reported EBIT only. Following the second-quarter results and the subdued growth outlook for the remainder of 2025, capital expenditure plans have been revised to around €250 million (previously: approximately €300 million). Fibre2Fashion News Desk (SG)
Gulf Today
3 days ago
- Business
- Gulf Today
AD Ports Group takes top spot for best investor relations in Extel EEMEA Survey
AD Ports Group, for the second consecutive year, received top honours for its investor relations in the prestigious Extel survey of the best listed companies in Emerging Europe, Middle East, and North Africa (EEMEA). The Group secured the first place in the Extel EEMEA Executive Team survey in the Large Cap (market capitalisation greater than US$5 billion) Transportation Sector, and took second place among all EEMEA Small, Mid, and Large-Cap companies in the 'Most Honoured Companies' ranking. The survey was based on input of 462 investment professionals, buy-side analysts, fund managers, and sell-side research analysts at 264 financial services firms. The Extel rankings are considered among the most authoritative in capital markets and investor relations. AD Ports Group, which is 75% owned by Abu Dhabi Developmental Holding Company (ADQ), secured the top spot in four of seven Extel regional categories concerned by AD Ports Group, as well as one second place, and one third place. The company's shares were first listed on the Abu Dhabi Securities Exchange in February 2022. The Group's 2025 Capital Markets Day held on 25th February at Khalifa Port drew a host of leading local, regional, and international investors, as well as key sell-side analysts from top-tier regional and international investment banks covering UAE equities, reflecting the strong interest for AD Ports Group's securities as one of the few broadly diversified publicly traded companies in the GCC region. 'We are pleased to be recognised for the second consecutive year by Extel as one of the leading listed companies in Emerging Europe, the Middle East, and Africa when it comes to management credibility, communication, financial stewardship, and capital location, as well as the quality of our investor relations'', said Martin Aarup, Group Chief Financial Officer - AD Ports Group. 'Our strong performance in the 2025 rankings is important to us because it is based on the expert opinions of professionals that make up the international financial investment community, who set the standard of excellence in the field.'' WAM
Al Etihad
3 days ago
- Business
- Al Etihad
AD Ports Group takes top spot for best investor relations in Extel EEMEA Survey
22 July 2025 15:07 ABU DHABI (WAM) AD Ports Group, for the second consecutive year, received top honours for its investor relations in the prestigious Extel survey of the best listed companies in Emerging Europe, Middle East, and North Africa (EEMEA).The Group secured the first place in the Extel EEMEA Executive Team survey in the Large Cap (market capitalisation greater than $5 billion) Transportation Sector, and took second place among all EEMEA Small, Mid, and Large-Cap companies in the 'Most Honoured Companies' survey was based on input of 462 investment professionals, buy-side analysts, fund managers, and sell-side research analysts at 264 financial services Extel rankings are considered among the most authoritative in capital markets and investor Ports Group, which is 75% owned by Abu Dhabi Developmental Holding Company (ADQ), secured the top spot in four of seven Extel regional categories concerned by AD Ports Group, as well as one second place, and one third company's shares were first listed on the Abu Dhabi Securities Exchange in February Group's 2025 Capital Markets Day held on February 25 at Khalifa Port drew a host of leading local, regional, and international investors, as well as key sell-side analysts from top-tier regional and international investment banks covering UAE equities, reflecting the strong interest for AD Ports Group's securities as one of the few broadly diversified publicly traded companies in the GCC region."We are pleased to be recognised for the second consecutive year by Extel as one of the leading listed companies in Emerging Europe, the Middle East, and Africa when it comes to management credibility, communication, financial stewardship, and capital location, as well as the quality of our investor relations," said Martin Aarup, Group Chief Financial Officer - AD Ports Group. 'Our strong performance in the 2025 rankings is important to us because it is based on the expert opinions of professionals that make up the international financial investment community, who set the standard of excellence in the field.''
Tahawul Tech
15-07-2025
- Business
- Tahawul Tech
'We're not here to digitise old workflows – we engineer environments where work flows with life.' – Pierpaolo Taliento, MiCloud Software
CNME Editor Mark Forker sat down with Pierpaolo Taliento, CEO of MiCloud Software, to learn more about how the company's technologies are reimagining workflows, the principles that are guiding their approach to building digital workspaces of the future, the challenges that remain in our work from anywhere world – and how MiCloud are leveraging the power of AI and infusing it into their product portfolio. How does MiCloud Software envision the future of work, and what role do you see your company playing in that transformation? As the exclusive representative of Cloud Software Group (CSG) in EEMEA, our role goes beyond delivering technology — we act as architects of secure, intelligent, human-centric workspaces for a region as diverse as Eastern Europe, the Middle East, and Africa. We see the future of work not as a place, nor a set of tools, but as a living ecosystem that flexes around people, business needs, and the intelligence surrounding them. We are moving away from the outdated concept of 'workspace as a product.' In our vision, workspaces are borderless, adapting naturally to people's lives. AI becomes a silent co-pilot that enhances human judgment and anticipates needs. Security transforms from a constraint into a catalyst for freedom and trust. We're not here to digitize old workflows – we are here to engineer environments where work flows with life. That's the future — and that's MiCloud's mission in EEMEA. What leadership principles guide MiCloud's approach to building digital workspaces that are adaptive, resilient, and human-centric? First, we embrace systems thinking over rigid control. In a connected world, leadership means creating conditions where autonomy thrives and people can operate at their best — without micromanagement or artificial barriers. Second, we design for the invisible. The most powerful technologies are those you don't notice because they fit so seamlessly into your workflow that they simply disappear. We aim to make our solutions as intuitive and frictionless as possible. Third, we measure success by human impact, not just business metrics. A resilient workspace isn't just technically robust — it's emotionally sustainable. It fosters connection, supports creativity, and gives people a sense of purpose and belonging. How has your strategy shifted post-pandemic to support remote, hybrid, and globally distributed teams more effectively? The pandemic didn't just redefine where people work — it redefined how trust, collaboration, and value are created. Before 2020, digital tools were about process efficiency. Today, our strategy focuses on building connected ecosystems that make distributed work feel natural, fluid, and deeply human. We deliver Citrix and TIBCO software solutions that enable secure, high-performance digital workspaces and seamless data integration. We don't just sell licenses — we empower our partner ecosystem to deliver services, customization, and local support, ensuring our customers can scale, adapt, and succeed across diverse markets. Our shift has been from providing software platforms to enabling environments where people, AI, and systems collaborate in real time — with Citrix powering secure, flexible access and TIBCO driving intelligent data integration and insights. This isn't just a shift from office to remote. It's a shift from control to connection — with Citrix and TIBCO at the heart, and our partners amplifying the value on the ground. What are the biggest challenges companies face when adopting flexible work policies, and how can technology help overcome them? The real challenge with flexible work isn't technology — it's human nature. Companies fear losing control, employees fear losing connection, and leaders fear losing visibility. The result is often a patchwork of policies, tools, and compromises that please no one and frustrate everyone. In EEMEA, where cultures, infrastructures, and regulations vary widely, this tension is even sharper. Flexibility without clarity breeds confusion. Freedom without trust breeds chaos. That's where technology becomes more than a tool — it becomes the backbone of a new social contract between employers and employees. With Citrix, we provide digital workspaces that guarantee secure, seamless access, no matter where or how people work. With TIBCO, we help organizations integrate and visualize data across distributed environments, so decisions stay informed and connected. But most importantly, we believe technology should guide flow — not enforce control. The future of flexible work depends on systems that empower autonomy, foster transparency, and make trust the default setting. How is MiCloud Software integrating AI into its products or services to enhance productivity and employee experience? We don't believe in AI for the sake of AI. We believe in AI that makes work more human. Through Citrix, AI helps create adaptive workspaces — predicting user needs, streamlining access, and reducing digital noise. It's the silent assistant that removes friction: fewer logins, smarter resource allocation, and a personalized experience that feels natural, not intrusive. With TIBCO, AI transforms data into decisions. It empowers organizations to visualize complex data, detect patterns, and automate insights — helping leaders make smarter choices in real time. But for us, AI isn't a product feature. It's a philosophy. We see it as a co-pilot that relieves people from the dull, the repetitive, and the overwhelming — so they can focus on creativity, connection, and leadership. What are your thoughts on the ethical use of AI in workplace settings, especially concerning employee monitoring and decision-making? We believe AI in the workplace should follow one golden rule: If it wouldn't be acceptable in a human relationship, it shouldn't be acceptable in a digital one. AI should never be used as a surveillance tool. Monitoring behavior to control people erodes trust, stifles creativity, and breaks the very human connection that flexible work relies on. Instead, AI should act as a guide — highlighting patterns, offering insights, and supporting better decisions. With Citrix, this means enabling proactive security and seamless user experiences without ever crossing into invasive oversight. With TIBCO, it means empowering data-driven leadership that's transparent, explainable, and always accountable. We see AI as a mirror, not a magnifying glass. It should reflect opportunities, not expose weaknesses. Our commitment is simple: We build technology that protects human dignity first — and serves business goals second. That's not just ethics. That's long-term business sense.
TECHx
14-07-2025
- Business
- TECHx
Check Point Appoints Diego Arrabal as EEMEA VP
Home » C-Suite Watch » Check Point Appoints Diego Arrabal as EEMEA VP Check Point® Software Technologies Ltd. (NASDAQ: CHKP), announced the appointment of Diego Arrabal as Vice President for Eastern Europe, Middle East, and Africa (EEMEA). Based in Dubai, Arrabal will lead operations across this fast-growing and strategically important region. The company stated that he will help drive Check Point's prevention-first, AI-powered security vision to support customers and partners in a rapidly evolving threat landscape. Diego Arrabal said the region is undergoing rapid digital transformation, with increased adoption of AI, hybrid cloud, and connected infrastructure. He emphasized that cybersecurity should act as a business enabler, not a barrier. He added, 'I'm honored to lead such a mission at a time when resilience, simplicity, and trust are more critical than ever.' Check Point reported that Arrabal brings over two decades of experience in cybersecurity and technology leadership. Most recently, he managed VMware's Networking and Security business across EMEA. Sherif Seddik, President of International Sales at Check Point, commented on the appointment, stating, 'Diego's passion for customer success and his experience across complex markets make him the right leader to scale our impact in EEMEA.' Check Point revealed that this appointment reinforces its commitment to the EEMEA region, especially as AI-driven threats rise and IT environments become more complex. Under Arrabal's leadership, the company will focus on: Advancing AI-powered, prevention-first security Enabling secure digital transformation Strengthening partner ecosystems across the region Check Point aims to continue supporting secure adoption of cloud, AI, and hybrid IT with an open ecosystem built for seamless third-party integration.
