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Daily Express
05-07-2025
- Business
- Daily Express
Tetra Pak sees big potential beyond Malaysian dairy sector
Published on: Saturday, July 05, 2025 Published on: Sat, Jul 05, 2025 By: Bernama Text Size: Tetra Pak has invested approximately EUR 500 million in research and development over the past five years, underscoring its commitment to innovation, sustainability, and meeting the evolving needs of the global food and beverage industry. HO CHI MINH CITY: Tetra Pak, a Swedish-Swiss multinational food processing and packaging solutions company, sees strong growth potential in Malaysia and across Asia Pacific beyond the milk category, said its president and chief executive officer Adolfo Orive. He highlighted the growing consumer demand for a variety of beverages such as plant-based, fruit juices, coffee, iced tea, protein-enriched, oatmeal and energy products, signalling a broader shift in the local (Malaysia) and regional beverage markets. Advertisement He said that globally, the demand for protein is on the rise, and Malaysia is no exception, protein is becoming increasingly important to consumers. The whole of Asia Pacific is a great source of those new beverage categories, he said. 'Our role is to support a wide range of products tailored to different age groups, lifestyles, and consumption. 'We commit to making food safe and available everywhere, and that is what we have been doing for more than 75 years,' he told Bernama. Additionally, Orive stressed the importance of sustainable packaging, solutions that have a positive impact on the environment—currently, about 70 per cent of Tetra Pak's packaging materials come from renewable sources, contributing to lower carbon dioxide emissions. 'We believe our packaging is already a strong and positive option in terms of sustainability, and we are committed to going further. 'Our goal is to keep investing in innovations that make our packaging even more sustainable for society as a whole,' he said. Tetra Pak has invested approximately EUR 500 million in research and development over the past five years, underscoring its commitment to innovation, sustainability, and meeting the evolving needs of the global food and beverage industry. On July 3, Tetra Pak announced the expansion of its facility in Binh Duong with the launch of Phase 2, following an additional investment of EUR97 million. This follows the inauguration of Phase 1 in 2019, as the company aims to better serve the growing demands of Vietnam and the broader Asia Pacific markets. Serving as a regional production hub, Tetra Pak Binh Duong supplies packaging solutions to Vietnam and several key Asia Pacific markets, including Thailand, Malaysia, Indonesia, Singapore, the Philippines, Australia, and New Zealand. The production capacity at Tetra Pak's Binh Duong facility has now reached 30 billion packs annually. Currently, Tetra Pak operates a local office in Malaysia, which primarily serves all consumers and customers in the country. Among the notable companies using Tetra Pak's packaging in Malaysia are Fraser & Neave Holdings Bhd, Farm Fresh Bhd, and Nestle. Asia Pacific remains one of the world's most dynamic food and beverage markets, valued at US$667 billion (US$1=RM4.21) in 2023 and projected to reach US$900 billion by 2028. Meanwhile, Tetra Pak Malaysia, Singapore, Philippines and Indonesia managing director Michael Wu said the company views Malaysia as a stable and reliable market. 'We see Malaysia as a secure baseline, and each year we target around two to three per cent value growth to stay ahead of inflation. 'At the same time, we see strong potential to drive more innovation here,' he said. Wu noted that many of the products launched by customers in Malaysia have been in the market for years, and there is a clear opportunity to introduce new offerings, especially for younger and more diverse consumer segments. 'Malaysia is uniquely multiracial, with Malays, Chinese, Indians (and other ethnic groups), as well as a growing number of foreign tourists or residents. 'That diversity presents a valuable opportunity to innovate,' he explained. Before its expansion, Tetra Pak's Binh Duong facility supplied only 60 per cent of the packaging materials used in Malaysia. However, following the upgrade, over 95 per cent of the packaging material for the Malaysian market is now produced at the Binh Duong site, he said. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Yahoo
15-05-2025
- Business
- Yahoo
Hellenic Telecommunication Organization SA (HLTOY) Q1 2025 Earnings Call Highlights: Solid ...
Group Revenue: Relatively stable with growth in Greece offset by pressure in Romanian operations. Adjusted EBITDA (after leases): Up 1% for the group, supported by 1.8% growth in Greek operations. Greece Total Revenue: Increased by 0.8% driven by growth in mobile, TV, broadband, and ICT services. Greece EBITDA Growth: Achieved 1% growth; adjusted for sale impact, growth would have been 1.9%. Retail Fixed Services Revenue: Nearly stable with a slight increase of 0.2% including data communication. TV Revenue: Achieved double-digit growth at 14%, with a 7% increase in customer base. Fiber To The Home (FTTH) Customer Additions: 36,000 new additions, total base at 430,000, a 50% year-on-year increase. FTTH Network Utilization: Reached 29%, a 7 percentage point increase year-on-year. Mobile Service Revenue: Increased by 1.2% in the quarter. Post-paid Mobile Base: Grew by 6% with 43,000 net additions. Data Usage: 15.8 gigabytes per user per month, a 32% year-on-year increase. Operating Expenses (Greece): Declined by EUR2.2 million, with a focus on cost management. Adjusted EBITDA Margin (Greece): Strong margin of 40.2%. Romania Revenue: Down 8% in the quarter, reaching EUR61 million. Free Cash Flow (after leases): EUR97 million for the quarter. CapEx Guidance: Between EUR610 million and EUR620 million for the year. Free Cash Flow Target: EUR460 million for the year. Warning! GuruFocus has detected 4 Warning Signs with SUSRF. Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hellenic Telecommunication Organization SA (HLTOY) reported a solid start to 2025 with increased revenues and EBITDA in Greece across core segments such as mobile, TV, broadband, and ICT. The company continues to strengthen its market leadership in mobile services, supported by solid trends in service revenues and post-paid customer growth. There are encouraging signs of stabilization in the fixed retail business, driven by strong adoption of fiber to the home services. The ICT segment posted another strong quarter, supporting the digital transformation of Greece's economy and public services. The TV segment achieved double-digit growth, supported by content partnerships and the anticipated implementation of anti-piracy legislation. Revenues in Romania continue to face pressure, with an 8% decline in the quarter due to competitive challenges in the post-paid segment. Wholesale revenues were down nearly 5% due to lower margins in international transit-traffic revenues and competition's network build-outs. The company faces ongoing challenges with the disposal process of Telekom Mobile in Romania, which has been a headwind for several quarters. Fixed broadband lines showed a slight decline, indicating potential market saturation or temporary factors impacting growth. The company is dealing with procedural issues related to government coupons, which initially slowed broadband net additions. Q: Can you provide insights on Greece's mobile performance, recent price increases, and potential new market entrants? A: Kostas Nebis, CEO, explained that mobile service revenue is positively impacted by pre- to post-paid migrations and a recent increase in minimum top-up for prepaid services. The company is optimistic about revenue growth and is monitoring market developments to maintain a value-for-money service. A new MVNO, Volton, has entered the market, but its impact is expected to be minimal. The company is confident in achieving its 2% EBITDA growth guidance for Greece. Q: What are the implications of the Romania disposal on shareholder remuneration and potential spectrum payments? A: Charalampos Mazarakis, CFO, stated that if the Romania sale concludes soon, the additional benefit will be calculated and communicated for distribution to shareholders. The current free cash flow target assumed Romania's operations for the whole year. Spectrum payments due in 2027 will not affect this year's decisions. Q: Can you elaborate on the fixed broadband trends and the impact of government coupons? A: Kostas Nebis noted that initial procedural issues with government coupons affected broadband net additions early in the year. However, improvements have been made, and positive net additions are expected for the rest of the year. The introduction of fixed wireless access services has also helped address customers without fiber access. Q: Why was the tax rate unusually low this quarter, and what about the tax receipts in the cash flow statement? A: Charalampos Mazarakis explained that the tax rate was temporarily lowered due to a EUR10 million return from the state, affecting the effective tax rate. This is reflected in both the P&L and cash flow statements. Q: When will the anti-piracy law be fully implemented, and how effective is your bundling strategy against competition? A: Kostas Nebis expects the anti-piracy law to be fully implemented before the summer holidays. Regarding competition, the company has a comprehensive service portfolio, with 70% of its customer base using bundled services, which helps retain customers despite new market entrants. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
27-03-2025
- Business
- Yahoo
SGL Carbon SE (SGLFF) Q4 2024 Earnings Call Highlights: Navigating Challenges with Strategic ...
Revenue: EUR 1.26 billion, down 5.8% from the previous year. EBITDA pre: EUR 162.9 million, a decline of 3.3% from the previous year. EBITDA Margin: Increased to 15.9% from the previous year. Graphite Solutions Revenue: EUR 539 million, down nearly 5%. Process Tech Revenue: EUR 138.3 million, an 8% increase. Carbon Fiber Revenue: EUR 210 million, a decline of almost 7%. Composite Solutions Revenue: EUR 126 million, a 19% decline. Net Result: Negative EUR 80.3 million, impacted by EUR 118 million in restructuring costs and impairments. Free Cash Flow: Approximately EUR 40 million, down from EUR 95 million the previous year. Net Financial Debt: Reduced by 6% to EUR 108 million. Equity Ratio: 41.5%. Return on Capital Employed (ROCE): Increased to 11.4%. Warning! GuruFocus has detected 2 Warning Sign with SGLFF. Release Date: March 20, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. SGL Carbon SE (SGLFF) managed to keep its EBITDA margin stable at 15.9% despite a challenging business environment. The Process Tech business unit showed remarkable growth, with an 8% increase in sales and a nearly 50% jump in profitability. The company successfully reduced its net financial debt by 6%, achieving a healthy leverage ratio of 0.7. SGL Carbon SE (SGLFF) maintained a positive free cash flow of approximately EUR 40 million. The company demonstrated strong cost management, reducing indirect spending and optimizing headcount and structures. Overall sales declined by 5.8% compared to the previous year, with a significant impact from currency effects and portfolio changes. The Carbon Fiber business unit faced a 7% decline in sales and a substantial operational loss, leading to restructuring plans. The Composite Solutions unit experienced a 19% drop in sales due to the termination of a profitable automotive contract. The semiconductor and LED market segment, crucial for the Graphite Solutions unit, saw a slowdown, impacting sales and profitability. The company reported a negative net result of EUR 80.3 million, primarily due to restructuring costs and impairments. Q: Last year's CapEx was EUR97 million. Can you provide a specific figure for this year's CapEx, especially given the muted silicon carbide outlook? A: Thomas Dippold, CFO: We haven't provided a specific CapEx figure for this year. However, we expect our cash flow to remain positive. There will be some major CapEx, but likely not at last year's level. We also have some one-off restructuring costs for carbon fiber, totaling EUR50 million over the next two years. Q: Given the competitive landscape, particularly with Asian competitors catching up, how do you maintain your advantage in the silicon carbide market? A: Andreas Klein, CEO: Our advantage lies in providing a comprehensive portfolio and maintaining strong partnerships with customers. We focus on delivering consistent quality and growing with our customers' evolving requirements, leveraging our established footprint and experience. Q: With the current challenges in the electric vehicle market, how do you plan to safeguard sales and profitability in 2025? A: Andreas Klein, CEO: We are focusing on broadening our market reach beyond silicon carbide and electric vehicles, scouting for new applications to fill capacities. Additionally, we are implementing strict cost and cash management measures, optimizing headcount, and adjusting CapEx based on new forecasts. Q: What are the expected cash effects of the restructuring activities in the carbon fiber business? A: Andreas Klein, CEO: The restructuring activities will have a one-time cash effect of EUR50 million spread over 2025 and 2026. This includes site-specific measures and the closure of unprofitable assets. Q: How do you view the long-term outlook for the silicon carbide market despite the current slowdown? A: Andreas Klein, CEO: The long-term importance of silicon carbide remains unchanged due to its performance benefits for electric vehicles. While the mid-term growth outlook has been adjusted, we expect silicon carbide penetration to increase in other markets, presenting new opportunities. 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
