Nanterre, July 21st, 2025 Disclosure of transactions in on shares from July 14th to July 18th,2025 Within the framework of the authorization granted by the General Meeting of VINCI SA of April 17th, 2025, to trade in its shares and in accordance with the regulations relating to share buybacks, VINCI SA (LEI:213800WFQ334R8UXUG83) declares the purchases of treasury shares below (FR0000125486), carried out from July 14th to July 18th,2025: I - Aggregate presentation by day and by market Issuer’s nameDate of ...

两天前的傍晚，母亲、儿子和我在宾夕法尼亚州北部的Coudersport小镇落脚，住进了一家红色木屋旅馆。 门前是大片的草地，屋后是风吹松影的小山坡和一条安静的小溪。房东提供的资料上说，这几座聚集于此的小木屋修建于1930年代，1980年代重新修缮过 两次，使它更适应现代居住条件。 山里夜晚太静，天还没黑下来，街上的店铺早已打烊，唯一还在营业的，是几百米外的一家Dollar General，亮黄色的招牌分外显眼。 一路上，我都有个疑问：为什么是人们口中的"穷鬼超市"之一Dollar General、而不是别的品牌，似乎成了美国最深入腹地的杂货店之一？ 从北卡出发，穿越弗吉尼亚、西弗吉尼亚、宾州到纽约，是一条典型的阿巴拉契亚山系和锈带（Rust Belt）腹地线。这些地区是被主流零售系统遗忘的地 方，在这里，它不再是"廉价"的代名词，而是"底线"的化身。撑起了人们日常的最基本需要。 我跟儿子说，感觉Dollar General之于美国，有点类似红旗超市之于四川省我实在想不出有什么超市品牌可以占领中国全境，因此只能缩小到熟悉的一省。 为什么它一直在那里 这其实已经不是这趟旅行途中第一次看到Dollar Genera ...

Nanterre, 21 July 2025 VINCI awarded three construction contracts in Australia Construction of the Coomera Connector’s southern section in the Gold Coast (Queensland)Renovation of a road and construction of a bridge in Moreton Bay (Queensland)Design and build of M5 Motorway Westbound Upgrade in Syndey (New South Wales)Construction contracts total value of 431 million euros (773 million Australian dollars) Seymour Whyte, a VINCI Construction subsidiary in Australia has been awarded three construction contrac ...

Core Insights - VINCI Energies has signed an agreement to acquire the R+S Group, a German company specializing in electrical installation, automation, heating, ventilation, and air conditioning in the building sector, pending approval from German competition authorities [2][3] - The acquisition will enhance VINCI Energies' range of electrical and multi-technical solutions for buildings and expand its customer offerings [3][4] - In 2024, the R+S Group generated revenue of €191 million and employs 1,200 people [2][7] Company Overview - VINCI is a global leader in concessions, energy solutions, and construction, employing 285,000 people across more than 120 countries [5] - In Germany, VINCI generated nearly €5.6 billion in total revenue in 2024, making it the company's second-largest international market [4] - VINCI Energies operates in four business lines in Germany: Infrastructure, Industry, Building Solutions, and ICT, with a workforce of 16,600 across 385 sites [3][4]

PRESS RELEASE Nanterre, July 17, 2025 VINCI Airports – Traffic as of June 30, 2025 6.7% increase in traffic in Q2 2025 compared to 2024; increase in seat supply and demand still strong in most regionsDouble-digit traffic growth in Japan, Mexico, Budapest, Cabo Verde and Cambodia.Very good traffic trend also recorded in Portugal, Edinburgh and Belgrade In the paragraphs below, and unless otherwise stated, the variations refer to traffic levels for the 2nd quarter of 2025 compared to the 2nd quarter of 2024. ...

Core Insights - Walmart Inc. and Dollar General Corporation are major players in the U.S. retail sector, each with distinct strategies and market focuses [1][2] - Both companies are closely monitored by investors as indicators of retail health and consumer resilience [2] Walmart Overview - Walmart demonstrates operational strength through a diversified business model and effective execution across physical and digital channels [3] - The company's omnichannel ecosystem integrates stores with digital infrastructure, enhancing customer experience and satisfaction [4] - In Q1 of fiscal 2026, Walmart's global e-commerce sales increased by 22%, with U.S. e-commerce sales rising by 21% [5][9] - Near-term challenges include tariff-related pressures, with management expressing concerns about potential impacts on earnings growth [6] Dollar General Overview - Dollar General is enhancing its value-driven retail model with strategic investments, leading to improved operations and customer engagement [7] - The company is attracting a broader customer base, including higher-income shoppers, amid inflationary pressures [8][9] - In Q1 of fiscal 2025, Dollar General added 156 new stores and accelerated remodeling programs to improve customer experience [10] - The DG Media Network saw advertising revenues grow by over 25%, and delivery partnerships have expanded significantly [11] Financial Performance and Valuation - Walmart's EPS estimate for fiscal 2026 has increased to $2.60, while Dollar General's EPS estimate for fiscal 2025 has risen to $5.76 [12][13] - Over the past three months, Walmart shares gained 2.3%, underperforming the S&P 500 Index, while Dollar General's stock surged by 21.6% [14] - Walmart trades at a forward P/E ratio of 34.79X, whereas Dollar General trades at a lower forward P/E of 18.63X [16] Investment Outlook - Dollar General is currently viewed as a more compelling choice for value-driven investors due to its lower valuation, stronger stock performance, and strategic growth initiatives [17] - Walmart's global reach and robust omnichannel strategy provide long-term stability, but its premium valuation may limit short-term upside [17] - Dollar General holds a Zacks Rank 2 (Buy), while Walmart has a Zacks Rank 4 (Sell) [18]

Group 1 - VINCI Energies has signed an agreement to acquire Wärtsilä SAM Electronics GmbH, enhancing its capabilities in the industrial sector and the German defense market [1][3] - Wärtsilä SAM Electronics GmbH, founded in 1906, specializes in electrical and automation integration for the German navy and naval shipyards [2] - The acquisition will add 350 employees and is expected to generate an additional full-year revenue of €100 million [3][7] Group 2 - VINCI Energies operates in four business lines in Germany: Infrastructure, Industry, Building Solutions, and ICT, employing 16,600 people across 385 sites [4] - In 2024, the VINCI Group generated nearly €5.6 billion in total revenue in Germany, making it the second-largest international market for the company [5] - VINCI's operations in Germany include €4.1 billion in energy solutions and €1.4 billion in construction, along with public-private partnerships in highway infrastructure and electric vehicle charging [5]

Summary of Dollar General Conference Call Company Overview - **Company**: Dollar General - **Industry**: Retail (Discount Store) Key Highlights from Q1 Performance - **Net Sales**: Increased by 5.3% to $10.4 billion compared to $9.9 billion in Q1 of the previous year [2] - **New Store Openings**: 156 new stores opened during the quarter, contributing to market share growth in both consumable and non-consumable product sales [2] - **Same Store Sales**: Increased by 2.4%, driven by a 2.7% growth in average basket size [2] - **Customer Traffic**: Slight decrease of 0.3% but remains strong compared to the previous year [3] - **Category Growth**: Positive comp sales across all categories, with seasonal and home categories performing particularly well [3] Consumer Insights - **Customer Financial Constraints**: 25% of Dollar General customers reported having less income than the previous year, and nearly 60% felt the need to sacrifice on necessities [3] - **Trade-In Activity**: Increased trade-in activity from middle and higher-income customers, indicating a shift in customer demographics [4] Tariff and Supply Chain Management - **Tariff Impact**: Direct imports constitute a small percentage of overall purchases, with less than 70% sourced from China [4] - **Mitigation Strategies**: Working with vendors to reduce costs, shifting manufacturing, and finding substitute products to mitigate tariff impacts [5] Financial Performance Metrics - **Operating Profit**: Increased by 5.5% to $576 million, with an operating profit margin of 5.5% [6] - **Net Interest Expense**: Decreased to $64.6 million from $72.4 million in the previous year [6] - **Earnings Per Share (EPS)**: Increased by 7.9% to $1.78, exceeding internal expectations [6] - **Cash Flow from Operations**: Increased by 27.6% to $847 million [7] - **Merchandise Inventories**: Decreased by 5% year-over-year to $6.6 billion [7] Updated Financial Outlook for 2025 - **Net Sales Growth**: Expected to be approximately 3.7% to 4.7% [8] - **Same Store Sales Growth**: Expected to be approximately 1.5% to 2.5% [8] - **EPS Guidance**: Projected in the range of $5.20 to $5.80 [8] - **Capital Spending**: Anticipated in the range of $1.3 billion to $1.4 billion, including 575 new store openings in the U.S. [9] Strategic Initiatives - **Project Renovate and Elevate**: Focus on remodeling existing stores to enhance performance and customer experience [11][12] - **Digital Initiatives**: Expansion of delivery options and digital capabilities, including partnerships with DoorDash [12][13] - **Non-Consumable Growth Strategy**: Focus on brand partnerships and enhancing the shopping experience in non-consumable categories [14] Challenges and Considerations - **Incentive Compensation**: Anticipated headwind of $180 to $200 million for the full year, particularly impacting Q2 [9][20] - **Tariff Uncertainty**: Ongoing uncertainty regarding tariffs and their potential impact on consumer spending and supply chain [8][19] Conclusion - Dollar General is optimistic about its performance and growth strategies, focusing on enhancing customer value and convenience while navigating economic challenges and uncertainties in the retail landscape. The company is committed to maintaining its competitive pricing and expanding its market share through strategic initiatives and operational improvements.

Nanterre, July 15th, 2025 Disclosure of transactions in on shares from July 07th to July 11th,2025 Within the framework of the authorization granted by the General Meeting of VINCI SA of April 17th, 2025, to trade in its shares and in accordance with the regulations relating to share buybacks, VINCI SA (LEI:213800WFQ334R8UXUG83) declares the purchases of treasury shares below (FR0000125486), carried out from July 07th to July 11th,2025: I - Aggregate presentation by day and by market Issuer’s nameDate of ...

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