Latest news with #coreprofit
Reuters
2 days ago
- Automotive
- Reuters
Forvia's cost and cash discipline drives near 8% rise in H1 core profit
July 28 (Reuters) - France-based car parts supplier Forvia ( opens new tab reported a 7.8% rise in its half-year core profit on Monday, led by cost cuts. Forvia's earnings before interest, taxes, depreciation and amortization (EBITDA) grew to 1.76 billion euros ($2.07 billion)in the first half of 2025, from 1.64 billion a year earlier. It said tariffs had no material impact thanks to effective counter measures, including strict cost and cash discipline, but they had delayed tenders especially in North America. Forvia booked new orders worth 14 billion euros in the first half, compared to 15 billion a year ago. It still confirmed its full-year 2025 guidance. Stellantis ( opens new tab announced mid-July the termination of its hydrogen fuel cell technology development program, impacting its SYMBIO joint venture with Forvia and Michelin ( opens new tab that relies on the carmaker for more than 80% of its business. "Forvia booked a non-cash depreciation of the financial assets related to the joint venture, consolidated under equity method, for 136 million euros," the group said in a statement. ($1 = 0.8511 euros)
Reuters
5 days ago
- Business
- Reuters
France's EDF reports 17% drop in first-half profit
PARIS, July 24 (Reuters) - France's EDF posted a 17% drop in first-half core profit on Thursday, after low European power prices eroded earnings from higher nuclear power output. The state-owned utility said earnings before interest, taxes, depreciation and amortisation (EBITDA) for the six months to end-June came to 15.5 billion euros ($18.24 billion), down from 18.7 billion a year earlier. Net debt stood at 50 billion euros, down from the 54.3 billion euros recorded at the end of last year. ($1 = 0.8498 euros)
Reuters
6 days ago
- Business
- Reuters
Getlink's core profits drop, dragged down by Eleclink
July 24 (Reuters) - Transport and infrastructure operator Getlink ( opens new tab reported a drop in its half-year core profit as growth in its Eurotunnel and Europorte activities was outweighed by a fall in Eleclink's contribution. Eleclink's first-half sales fell more than 50% to 92 million euros ($108 million) compared to 185 million euros in the first half of 2024, due to the combined effects of the expected normalisation of electricity markets and business suspensions. Overall, Getlink continued to benefit from operational resilience despite the shutdowns of Eleclink's activities, as Eurostar's traffic grew 4% to more than 5.6 million passengers, exceeding the record level of 2024's first half. However, its freight segment suffered due to a lacklustre economic environment in Britain and a highly competitive cross-Channel market, with a slight drop of 2% in traffic. The company's net profit was down 35% to 113 million euros. In addition to a normalisation of the electricity markets, Getlink has been impacted by the suspension of Eleclink's electrical interconnector between France and Britain between September 25 and February 10 due to a damaged cable, as well as a disruption for maintenance between May 19 and June 2. Yann Leriche, CEO: "Our results are, as expected, down, and this is largely due to the fall in spreads, the normalisation of the energy and electricity markets in particular. And it's also due to two interruptions we had to make to the cable." ($1 = 0.8497 euros)
Yahoo
7 days ago
- Business
- Yahoo
Recruiter Randstad's core profit meets market estimates in Q2
(Reuters) -Dutch recruiter Randstad reported a second-quarter core profit in line with market expectations on Wednesday, citing improvements in some key markets, increased recruitment outsourcing demand and further cost reductions. The world's largest employment agency posted quarterly earnings before interest, taxes and amortization (EBITA), and before one-offs, of 171 million euros ($200.63 million), roughly in line with the average forecast of 170 million from analysts polled by Randstad. Recruiters including Randstad, Adecco and Hays have voiced concerns about the worsening job market driven by an escalating global trade war and economic struggles in major European markets like Germany and France. In the second quarter, the underlying core profits in these markets still faced difficulties, with a narrowing EBITA loss in Germany and an organic earnings decline of 14% in France. Randstad said it expected its gross margin and operating expenses to be slightly lower in the third quarter than in the previous three months. ($1 = 0.8523 euros)
Yahoo
22-07-2025
- Business
- Yahoo
Aluminium producer Norsk Hydro's second-quarter core profit beats expectations
(Reuters) -Norwegian aluminium producer Norsk Hydro reported a 33.4% rise in second-quarter core profit on Tuesday, helped by higher aluminium and energy prices and internal gains. Adjusted earnings before interest, taxes, depreciation and amortisation rose to 7.79 billion Norwegian crowns ($765.9 million) in the April-June period from 5.84 billion crowns a year earlier. Analysts on average had expected it to report a core profit of 7.30 billion crowns, according to a company-compiled consensus. The return of U.S. tariffs on aluminium has roiled trade flows and pushed physical market premiums to record highs, amplifying cost pressures for American buyers and redrawing global supply lines. ($1 = 10.1712 Norwegian crowns) 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
