Latest news with #EUR200
Business Standard
25-06-2025
- Business
- Business Standard
Schneider Electric Accelerates the Development and Deployment of AI Factories at Scale With NVIDIA
VMPL Paris [NVIDIA GTC], June 25: Schneider Electric, the leader in the digital transformation of energy management and automation, today announced it is collaborating with NVIDIA to serve the growing demand for sustainable, AI-ready infrastructure. Together, Schneider Electric and NVIDIA are advancing research and development (R & D) initiatives for power, cooling, controls, and high-density rack systems to enable the next generation of AI factories across Europe and beyond. This unique global partnership, announced during NVIDIA GTC Paris, brings together the world leaders in sustainability and accelerated computing to support the European Union's AI infrastructure ambitions and its "InvestAI" initiative, which plans to mobilize a EUR200 billion investment in AI. Leveraging its expertise in AI-ready infrastructure, sustainability, and grid coordination, Schneider Electric and NVIDIA are together responding to the European Commission's "AI Continent Action Plan," which outlines a shared mission to set up at least 13 AI factories across Europe, while establishing up to five AI gigafactories. "Schneider Electric and NVIDIA are not just partners -- our teams are driving advanced R & D, co-developing the infrastructure needed to power the next wave of AI factories globally," said Olivier Blum, CEO of Schneider Electric. "Together, we've seen tremendous success in deploying next-generation power and liquid cooling solutions, purpose-built for AI data centers. This strategic partnership -- bringing together the world leaders in sustainability and accelerated computing -- allows us to further accelerate this momentum, pushing the boundaries of what's possible for the AI workloads of tomorrow." "AI is the defining technology of our time--the most transformative force reshaping our world," said Jensen Huang, founder and CEO, NVIDIA. "Together with Schneider Electric, we are building AI factories: the essential infrastructure that brings AI to every company, industry, and society." New NVIDIA-Enabled Infrastructure Solutions In support of today's announcement, Schneider Electric has also unveiled a suite of AI-ready data center solutions, including new EcoStruxure™ Pod and Rack Infrastructure. Designed to accelerate AI developments globally, the Prefabricated Modular EcoStruxure Pod Data Center is a scalable, pod-based architecture, enabling rapid AI data center deployment. As part of this, a new Schneider Electric Open Compute Project (OCP) inspired rack system has also been developed to support the NVIDIA GB200 NVL72 platform that uses the NVIDIA MGX modular architecture, integrating Schneider Electric into NVIDIA HGX and MGX ecosystems for the first time. These announcements build on a series of milestones shared by the two global leaders earlier this year, including Schneider Electric and ETAP unveiling the world's first digital twin for electrical and large-scale power systems in AI factories using the NVIDIA Omniverse Blueprint. Together, Schneider Electric and NVIDIA have also co-developed a series of full electrical and liquid cooling-based reference designs as an approved CDU vendor for NVIDIA -- many of which also include solutions from Motivair's liquid cooling portfolio, following its acquisition by Schneider Electric in March 2025. Through this expanded and deepened strategic partnership, Schneider Electric and NVIDIA will continue to accelerate their infrastructure initiatives, fast-tracking new product rollouts and reference designs to build the AI factories of the future.
India Gazette
10-06-2025
- Business
- India Gazette
Swiss packaging firm SIG commits to invest Euro 100 million more in India
Bern [Switzerland], June 10 (ANI): SIG Group, the Swiss packaging solutions provider with over 170 years of heritage, announced plans to invest an additional Euro 100 million in India, building on its existing Euro 200 million commitment as the company capitalises on the country's growing consumer market and government support for foreign investment. Talking exclusively to ANI, Samuel Sigrist, CEO of SIG Group, made the announcement during Commerce and Industry Minister Piyush Goyal's visit to Switzerland, praising the Indian government's commitment to supporting foreign direct investment and outlining ambitious expansion plans for the world's most populous nation. 'I had a very positive meeting,' Sigrist said, referring to his discussions with Minister Goyal. 'I am impressed by the level of detail the minister is involved in and his commitment to support Foreign Direct Investment in India. We are very pleased with the administration and the support we get.' The CEO's comments underscore the growing confidence international companies have in India's business environment under the current administration's investment-friendly policies. SIG's success in India is built on partnerships with some of the country's most recognizable consumer brands. The company's packaging solutions are prominently featured on household names, including Frooti, Maaza, and various Amul products, demonstrating its deep integration into India's consumer goods ecosystem. 'We are partnering in India with big names. Those are really household brands,' Sigrist explained. 'You will find our packaging on brands like Frooti, Maaza... You will also find a lot of different products from have already committed to the next phase of our plant. We invested already EUR200 million and have committed now another EUR100 million to keep expanding in India.' The company's extensive client roster also includes major players such as Coca-Cola, Dabur, PepsiCo (Varun Beverages), Heritage dairy, MilkyMist, Haldirams, Hamdard, Godrej Jersey, and ITC, positioning SIG as a critical supplier to India's food and beverage industry. SIG has established a comprehensive manufacturing footprint across India with facilities strategically located in key industrial hubs. The company operates two offices in Gurgaon and Mumbai, supported by four production facilities manufacturing various packaging solutions. The company's manufacturing infrastructure includes two flexible packaging plants in Palghar, Maharashtra, a filling line manufacturing facility in Chakan, Pune, and its flagship aseptic carton packaging plant in Ahmedabad, Gujarat. This network has created over 300 direct employment opportunities across the country over the past decade. SIG's Ahmedabad facility represents a significant milestone in the company's Indian operations. After signing an MOU with the Gujarat government in September 2023, the company completed construction of its first aseptic carton plant in India in just 20 months, with commercial production beginning in Q1 2025. The facility, built with an initial investment of approximately Euro 90 million (Rs 880 crores), reflects SIG's commitment to the Make-in-India initiative. The investment is planned in phases from 2023-2027, initially targeting production capacity of up to 4 billion packs per annum, with subsequent investments expected to increase capacity to 10 billion packs annually. SIG's technology is playing a crucial role in modernizing India's dairy industry, which is undergoing significant transformation. The company's aseptic packaging technology offers preservative-free, shelf-stable solutions that require no refrigeration, making them ideal for India's diverse geography and infrastructure challenges. This technology ensures food safety, extends shelf life, and significantly reduces food waste, particularly beneficial in high-temperature and remote regions. Recent innovations include MilkyMist's probiotic buttermilk launch, which brings advanced nutrition in a shelf-stable format to mass markets. The company is actively collaborating with the National Dairy Development Board (NDDB), leading dairy cooperatives, and private dairies to create an ecosystem positioning India as the global dairy capital while supporting farmers, consumers, and national food security goals. Founded in 1853 and headquartered in Neuhausen, Switzerland, SIG has established itself as a global leader in sustainable packaging solutions for liquid food and beverages. The company serves customers in over 100 countries through its workforce of approximately 9,600 employees worldwide. In 2024, SIG produced 57 billion packs and generated Euro 3.3 billion in revenue. The company's commitment to sustainability is recognized through its AAA ESG rating by MSCI, Platinum CSR rating by EcoVadis, and inclusion in the FTSE4Good Index. SIG's unique portfolio includes aseptic carton, bag-in-box, and spouted pouch solutions, enabling the company to provide end-to-end solutions for differentiated products, smarter factories, and connected packaging. The company's technology and innovation capabilities address evolving consumer needs while supporting its mission to create a regenerative food packaging system. With its additional Euro 100 million commitment, SIG's total investment in India will exceed Euro 300 million, reflecting the company's long-term confidence in the Indian market. This expansion aligns with India's growing consumer base of 1.4 billion people and the country's increasing focus on food safety, sustainability, and modern packaging solutions. The investment announcement comes as international companies increasingly view India as a critical growth market, supported by favorable government policies, a large consumer base, and improving infrastructure. SIG's success story demonstrates how foreign companies can build substantial operations in India while contributing to local employment, technology transfer, and industrial development. (ANI)
Yahoo
28-05-2025
- Business
- Yahoo
EVN AG (WBO:EVN) Half-Year 2025 Earnings Call Highlights: Strong Profit Growth Amid Market ...
Release Date: May 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. EVN AG (WBO:EVN) reported a solid half-year net profit of 250.6 million, marking a 26% increase compared to the previous year. The company confirmed its full-year guidance, expecting group net results between 400 and 440 million, indicating a substantial step up in earnings levels. EVN AG (WBO:EVN) is on track with its investment program, with investments up by 23% to 318 million, aligning with its plan to invest 900 million annually until 2030. The company has successfully aligned its CO2 emission reduction targets with the 1.5-degree goal of the Paris Agreement, enhancing its ESG credentials. EVN AG (WBO:EVN) has signed a new cooperation to install and operate 600 e-charging points, reinforcing its position as a market leader in Austria's e-mobility infrastructure. Renewable generation volumes were lower due to unfavorable wind conditions, despite the expansion of wind and photovoltaic parks. Market prices for EVN AG (WBO:EVN)'s electricity generation have declined year on year, impacting revenue from renewable generation. The company experienced a drop in revenue from natural gas trading due to lower prices and volumes. Higher procurement costs in the regulated energy supply business in Southeast Europe increased the cost of electricity purchases. The generation segment faced revenue decreases due to declining market prices and lower generation volumes, with expected EBIT to be lower than last year. Warning! GuruFocus has detected 6 Warning Signs with WBO:EVN. Q: With the new Austrian government's EUR200 million targeted tax for the utility sector, how will this impact EVN, and what do you expect from the government regarding utility-related strategies? A: The energy crisis contribution for electricity has been extended to March 2030, but the exact impact on EVN is unclear. We estimate a low single-digit amount. We hope for clear regulations, including the new Electricity Act, to provide stability for our industry. Q: The decline in renewables generation was over 40%. Is this solely due to lower wind and water flows? A: Yes, the decline is mainly due to less wind and water. Q: Regarding your April 2025 presentation, is the annual network investment of EUR450 million realistic, or should we expect an increase due to inflation? A: We do not foresee a major increase in this number. Q: Can you provide more details on the WTE disposal timeline and any changes in terms of economics? Also, what are your plans for battery investments? A: Both parties are committed to the WTE transaction, though complex details require more time. We plan a 70-megawatt battery at our energy spot location in T. Q: Can you confirm the environment segment's outlook for EBIT between EUR10 and EUR20 million? A: Yes, the environment segment's result outlook is above the previous year, with an increase expected due to the absence of last year's receivable devaluation effect. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error 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
Yahoo
25-04-2025
- Business
- Yahoo
Bureau Veritas SA (BVRDF) Q1 2025 Earnings Call Highlights: Strong Revenue Growth and Strategic ...
Revenue: EUR1.6 billion in Q1 2025, an 8.3% increase year-over-year. Organic Revenue Growth: 7.3% in Q1 2025. Acquisitions Contribution: 3% to revenue, net of divestment contributing 1.4%. Currency Impact: Negative 0.4% for the quarter. Share Buyback Program: New EUR200 million program to be completed by June 2025. Industry Division Growth: 14.3% organic growth in Q1 2025. Marine & Offshore Division Growth: 11.8% organic increase. Certification Division Growth: 10.9% organic revenue growth. Agri-Food & Commodities Growth: 6% organic growth. Building and Infrastructure Growth: 2.5% organic revenue growth. Consumer Product Division Growth: 3.4% organic growth. Regional Performance: Middle East and Africa led with 25% organic revenue increase. Backlog: Marine & Offshore backlog at 27 million gross tonnes, up 16% year-on-year. Cash Conversion: Expected above 90% for full year 2025. Release Date: April 24, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Bureau Veritas SA (BVRDF) reported a robust Q1 2025 with revenue reaching EUR1.6 billion, reflecting an 8.3% increase compared to the same period last year. Organic revenue growth was strong at 7.3%, demonstrating resilience and effective execution of business plans. The company announced a new EUR200 million share buyback program, indicating confidence in its business model and current share price level. Three core businesses, Industry, Marine & Offshore, and Certification, grew double-digit organically, showcasing strong performance in key areas. The Middle East and Africa region led with a 25% organic revenue increase, driven by strong activity in Energy and Buildings and Infrastructure. The currency impact was a negative 0.4% for the quarter, slightly affecting overall revenue growth. Consumer Products, Services, and Buildings and Infrastructure recorded low single-digit organic growth, indicating slower performance in these segments. The Asia Pacific region experienced a slight contraction in the Building and Infrastructure segment, primarily due to weaker public spending in China. The technology business recorded a mid-single-digit organic contraction, impacted by reduced new product launches in electronics and wireless. The company is facing macroeconomic uncertainties and evolving global trade dynamics, which could impact future performance. Q: Given the growth rate in Q1, can you discuss expectations for Q2 and the rest of the year, especially with tougher comparatives? Also, in Consumer Products, you mentioned a pull forward of demand initially in the quarter, which later unwound. Can you provide more details on this and what customers are saying about tariffs and macro uncertainty? A: Our portfolio is designed to be resilient, and we have a solid backlog linked to long-term projects. The fundamentals underpinning our market growth remain strong. In Consumer Products, the performance was as expected, with robust growth in South Asia and Southeast Asia. The exposure to China is minimal, and we are monitoring the tariff situation closely. We expect to maintain our outlook and deliver on our commitments. Q: In the Americas, is it fair to assume a contraction organically within Latin America given the U.S. did high single digit? Also, how should we think about China sequentially? A: In Latin America, the contraction is due to halted activities in Brazil and delayed infrastructure projects in Mexico, not related to Argentina. In China, the market remains difficult, particularly in Building and Infrastructure, leading us to focus on emerging markets like the Middle East and Africa, which are growing double digits. Q: With more companies stepping away from decarbonization targets, are you seeing any change in the mix from your energy-focused customers between Oil & Gas and renewables? A: There is room for both Oil & Gas and renewables. Oil & Gas is affordable and scalable, while renewables are necessary to meet the massive energy demand. Different regions are approaching this differently, but we expect both sectors to continue growing. Our exposure to Oil & Gas is only 14% of group revenue, with two-thirds behaving like OpEx, making it resilient. Q: Regarding the 25% organic growth in Africa and the Middle East, could you provide more detail on the building blocks of that growth? A: The growth in the Middle East and Africa is driven by new contracts and projects in resources, energy, and infrastructure. It's heavily volume-driven as we gain market share and expand our footprint in these regions. Q: What is your exposure to international trade and tariffs in the products part of your business, which accounts for 37% of your revenues? A: The Consumer Products segment, which is 13% of our revenue, is most exposed to tariffs. However, we are seeing opportunities as customers shift to new geographies. The rest of the products, like commodities, have long-term contracts and are less impacted by tariffs, with visibility driven by supply and demand. Q: Can you discuss the framework used to set your guidance and what would lead to an adjustment later in the year? A: We assess our exposures based on current information and customer feedback. Our mix, backlog, and opportunity pipeline are strong, supporting our unchanged outlook. We will reassess once there is more stability in the macro environment. Q: On the B&I business and the high single-digit growth in the U.S., is that sustainable through the rest of the year given macro concerns? A: The U.S. backlog is strong across multiple subsegments like data centers and infrastructure. The current administration's infrastructure spend and reindustrialization efforts are positive indicators for sustained growth in the U.S. B&I sector. Q: Regarding the share buyback, why announce it now rather than waiting for more clarity on trade frictions? A: The share buyback is a tool for shareholder returns. We believe it's an opportune time given our business outlook, capital allocation strategy, and current share price levels. It does not jeopardize our strategy execution or M&A ambitions. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Zawya
07-04-2025
- Business
- Zawya
ATIDI helps strengthen Benin's fiscal resilience with second-loss guarantee for Deutsche Bank's €507.5mln loan
The Republic of Benin, acting through its Ministry of Economy and Finance, has successfully secured a EUR507.5 million, 15-year facility to support its sustainable development agenda. This transaction benefits from a Partial Risk Guarantee (PRG) of EUR200 million provided by the International Development Association (IDA) and a second-loss insurance cover of up to EUR614 million (principal plus interest) from ATIDI for the tenor of the loan. The facility will enable the Government of Benin to undertake a critical debt reprofiling exercise to buy back part of the country's Eurobonds. The resulting debt savings will be strategically allocated to finance or refinance eligible expenditures under the country's SDG Framework. Nairobi — The African Trade & Investment Development Insurance (ATIDI) supported the Republic of Benin's latest financing transaction, providing a second-loss guarantee for Deutsche Bank's EUR 507.5 million loan to the country. This milestone transaction reinforces ATIDI's commitment to unlocking access to innovative financial solutions that enhance economic stability and sustainable development across Africa. The senior unsecured amortizing term loan, arranged solely by Deutsche Bank, is backed by a first-loss guarantee of up to EUR200 million from the International Development Association (IDA), part of the World Bank Group. ATIDI's second-loss guarantee complements this structure, covering the remaining principal and interest, thereby strengthening investor confidence and reducing financing costs for Benin. "This landmark financing demonstrates the power of strategic partnerships in unlocking sustainable investment for African economies. Our collaboration with Deutsche Bank in supporting the Republic of Benin highlights ATIDI's essential role in facilitating innovative financial solutions that enhance fiscal resilience. By providing a second-loss guarantee, we help ensure that Benin secures long-term, cost-effective financing, reinforcing its economic stability while channelling resources toward its sustainable development goals," ATIDI CEO Manuel Moses said. ATIDI's involvement underscores its unique role in providing risk mitigation solutions that enable African sovereigns to access long-term, cost-effective financing on favorable terms. This transaction is the first IDA-backed guarantee under the World Bank's new guarantee platform launched in July 2024. Key Highlights of the Transaction: Debt Reprofiling - The facility will provide fiscal space for Benin to reprofile its debt, ensuring long-term financial sustainability. SDG Alignment - Savings from the transaction will be channeled toward priority projects under Benin's SDG Framework. Risk Mitigation - The IDA's Partial Risk Guarantee and ATIDI's second-loss insurance cover provide robust risk mitigation, enhancing investor confidence and ensuring the successful execution of the facility. Commenting on the facility, Deutsche Bank Managing Director Maryam Khosrowshahi said the transaction consolidates the Bank's position as a leading arranger of complex transactions on the African continent, notably after being named Best Foreign Investment Bank in Benin for the 2nd year in a row by EMEA Finance African Banking Awards 2024. 'We are proud to have acted as sole mandated lead arranger and sole lender to the Republic of Benin on this novel transaction with IDA and ATIDI. We leveraged our successful financing track-record with the Republic of Benin as well as our excellent relationship with the Republic's advisor Rothschild & Co, and extensive transaction experience with the World Bank Group and ATIDI to deliver this critical financing in an effective and timely manner. Timing was indeed of the essence as the Facility was signed on 8 January 2025 concurrently to the announcement of a tender offer targeting up to EUR 250 million of Benin's EUR2032s notes and of a new USD 500 million bond issue to complement the country's 2025 budgetary needs.' The facility was concluded in parallel with Benin's return to international capital markets through a USD500 million bond issuance. A portion of the loan proceeds was allocated to a debt reprofiling exercise, including the buyback of Benin's EUR 2032 bond. By extending the average maturity of its public debt portfolio and achieving substantial debt service savings, Benin can redirect funds toward strategic initiatives under its SDG financing framework, driving long-term social and economic impact. ATIDI remains at the forefront of de-risking African economies and facilitating transformative financial solutions. Through partnerships with global financial institutions like Deutsche Bank and development partners such as the World Bank Group, ATIDI continues to provide innovative credit and investment insurance products that foster sustainable growth across Africa. About ATIDI ATIDI was founded in 2001 by African States to cover trade and investment risks of companies doing business in Africa. ATIDI predominantly provides Political Risk, Credit Insurance and, Surety Insurance. Since inception, ATIDI has supported USD85 billion worth of investments and cross border trade into Africa. For over a decade, ATIDI has maintained an 'A/Stable' rating for Financial Strength and Counterparty Credit by Standard & Poor's, and in 2019, ATIDI obtained an A3/Stable rating from Moody's, which has now been upgraded to A2/Positive. For further inquiries, please contact: Lawrence Mensah | ATIDI| Kenya Re Towers, 5th Floor | off Ragati Road – Upper Hill| Email: OR
