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Nexa Resources Reports Net Income and Resilient 1Q25 Performance
Newsfile· 2025-04-29 20:17
Financial Performance - Nexa Resources reported a net income of US$29 million in 1Q25, reversing a net loss of US$12 million in 1Q24 and US$111 million in 4Q24, reflecting improved operating income and favorable foreign exchange impacts [2][3] - Adjusted EBITDA for 1Q25 was US$125 million, slightly down from US$128 million in 1Q24 and US$197 million in 4Q24, primarily due to higher costs and lower smelting sales volume [3] - Net revenues in 1Q25 were US$627 million, an 8% increase from US$580 million in 1Q24, driven by higher LME metal prices for zinc and copper, despite lower smelting sales volume [4] Operational Challenges - The company faced operational challenges due to atypical rainfall in Pasco and extreme precipitation in Aripuanã, impacting production stability [3][8] - Treated ore volume in the mining segment decreased by 10% year-over-year and 9% quarter-over-quarter, reflecting operational difficulties across multiple sites [7] - Zinc production in 1Q25 totaled 67kt, down 23% from 1Q24, primarily due to lower output across all units except Atacocha [10] Capital Expenditure and Strategy - CAPEX in 1Q25 totaled US$50 million, focused on sustaining investments, with full-year guidance remaining unchanged at US$347 million [5] - Nexa executed a US$500 million bond issuance in early April 2025 as part of a liability management strategy to extend debt maturity and optimize capital structure [6] - The company is advancing the Cerro Pasco Integration Project, aimed at improving operational efficiency and extending the life of the mining complex, with construction expected to begin in 2Q25 [15] Production and Sales - Zinc metal and oxide production totaled 133kt in 1Q25, representing a 4% decrease year-over-year and 12% compared to 4Q24 [12] - Zinc metal and oxide sales reached 130kt in the quarter, down 6% from 1Q24 and 14% from 4Q24, primarily due to lower production volumes [13] - Copper production in 1Q25 totaled 8kt, up 2% year-over-year, while lead production decreased by 31% year-over-year [11] ESG and Corporate Highlights - Nexa introduced its first fleet of hybrid loaders for underground mining in Peru, supporting its decarbonization strategy [16] - The company published its 2024 Annual Sustainability Report, highlighting environmental, social, and financial achievements [19] - Moody's affirmed Nexa's 'Ba2' rating and revised the outlook from 'negative' to 'stable', while S&P reaffirmed its 'BBB-' investment grade rating with a stable outlook [19]
ESGL Reports FY2024 Results Highlighting Profitability Momentum and Operational Strength
Globenewswire· 2025-04-29 13:30
Core Viewpoint - ESGL Holdings Limited has demonstrated a significant turnaround in FY2024, showcasing the potential for sustainability and profitability to coexist, supported by disciplined cost management and the introduction of new circular products [2][7]. Financial Performance - The company reported a near 100% reduction in net loss year-on-year, decreasing from US$95.0 million in FY2023 to US$0.6 million in FY2024 [7]. - Adjusted EBITDA improved by over 200%, rising from US$965,000 to US$2.3 million [7]. - Loss per share narrowed significantly from US$14.70 to US$0.02 [7]. Business Operations - ESGL has commenced commercial sales of several new circular products, including NEWSPAR, NEWEARTH, and NEWCHEM, developed through proprietary waste-to-resource processes [2]. - The company continues to scale its capabilities in sustainable waste treatment and circular product manufacturing, particularly in Southeast Asia [3]. Company Overview - ESGL Holdings Limited is focused on sustainable waste management solutions and operates through its subsidiary, Environmental Solutions (Asia) Pte. Ltd., based in Singapore [5].
Lassila & Tikanoja plc: Interim Report 1 January–31 March 2025
Globenewswire· 2025-04-29 05:00
Lassila & Tikanoja plc Stock exchange release 29 April 2025 at 8:00 a.m Lassila & Tikanoja plc: Interim Report 1 January–31 March 2025 GOOD START FOR THE YEAR IN FACILITY SERVICES Unless otherwise mentioned, the figures in brackets refer to the corresponding period in the previous year. Outlook for the year 2025 Net sales in 2025 are estimated to be at the same level as in the previous year, and adjusted operating profit is estimated to be at the same level or better compared to the previous year. PRESIDENT ...
Norsk Hydro: Strong upstream results, navigating global trade uncertainty
Globenewswire· 2025-04-29 05:00
Hydro’s adjusted EBITDA for the first quarter of 2025 was NOK 9,516 million, up from NOK 5,411 million in the same quarter last year. The results increased from higher alumina and all-in aluminium prices, and positive currency effects. This was partly offset by higher raw material costs, lower Extrusions volumes and margins, lower alumina sales volumes, and higher fixed cost resulting in an adjusted RoaCE of 10.7 percent over the last twelve months and a free cash flow of NOK 1.3 billion. Strong upstream re ...
Dow Q1 Exceeds EPS, Faces Revenue Drop
The Motley Fool· 2025-04-24 14:17
Core Insights - Dow Inc. reported first-quarter 2025 earnings that exceeded analysts' expectations, with adjusted EPS of $0.02 compared to an expected loss of $0.01, although revenue declined 3% year over year to $10.4 billion [1][2][5] Financial Performance - Adjusted EPS for Q1 2025 was $0.02, down 96.4% from $0.56 in Q1 2024 [3] - Revenue for Q1 2025 was $10.43 billion, slightly above the forecast of $10.24 billion but down 3.1% from $10.77 billion in Q1 2024 [3] - Net income for Q1 2025 was a loss of $290 million, compared to a profit of $538 million in Q1 2024 [3] - Adjusted operating EBIT fell to $230 million, a 66% decrease from $674 million in Q1 2024 [3] Business Overview - Dow operates in the materials science industry with a presence in 30 countries, focusing on segments like Packaging & Specialty Plastics, Performance Materials & Coatings, and Industrial Intermediates & Infrastructure [4] - The company emphasizes innovation and sustainability, targeting high-growth markets such as packaging and mobility [4] Segment Performance - The Packaging & Specialty Plastics segment experienced a 2% revenue drop, despite a 4% increase in volume due to higher licensing and hydrocarbon sales [6] - Industrial Intermediates & Infrastructure faced a 5% revenue decline and reported an operating EBIT loss of $128 million, primarily due to high energy costs [6] - Performance Materials & Coatings saw a 4% sales drop but achieved an $8 million operating EBIT improvement through reduced fixed costs [6] Strategic Initiatives - Dow has delayed its Path2Zero ethylene complex project in Alberta, Canada, to align spending with market conditions and has initiated cost-saving measures contributing approximately $6 billion in total cash support [7] - The company completed the sale of its flexible packaging laminating adhesive business to Arkema, marking a strategic optimization of its asset base [8] Future Outlook - Dow plans to continue its disciplined execution strategy and expand strategic partnerships while enhancing its focus on sustainable solutions [9] - The company aims to navigate pricing strategies, geopolitical factors, and sustainability advancements to strengthen its competitive position [9]
SaverOne Signs Expands Cooperation with Cemex: Signs Agreement with Cemex Czech Republic for Deployment of Its Driver Distraction Prevention System
Newsfilter· 2025-04-21 12:30
Core Insights - SaverOne 2014 Ltd. has signed a new commercial agreement with Cemex Czech Republic to deploy its Driver Distraction Prevention System (DDPS) across Cemex's cement truck fleet in the Czech Republic, marking an expansion of their collaboration in Europe [1][2][3] Company Overview - SaverOne specializes in developing transportation safety solutions, particularly focusing on preventing driver distraction caused by mobile phone usage while driving [5][8] - The company's technology aims to enhance road safety by preventing access to distracting applications while allowing necessary functions like navigation [5][6] Strategic Collaboration - The new agreement with Cemex follows a successful implementation of SaverOne's solutions in other European markets, including Israel [2][3] - Cemex emphasizes safety as a core value and is committed to adopting innovative technologies to protect drivers and communities [3][4] Market Potential - SaverOne targets commercial and private vehicle fleets, vehicle manufacturers, and insurance companies, with a focus on the Israeli, European, and US markets [6][8] - The anticipated EU regulations on monitoring and prevention of cellular distraction systems are expected to positively impact demand for SaverOne's technology [6] Technology and Innovation - SaverOne's system is designed to reduce the risk of accidents caused by mobile phone distractions, which are a leading cause of road accidents globally [5][6] - The company is also developing a sensor system for detecting vulnerable road users through their cellphone footprint [9]
JCDecaux wins the contract for city information panels and associated services in the City of Rennes
Globenewswire· 2025-04-14 15:40
JCDecaux wins the contract for city information panels and associated services in the City of Rennes Paris, April 14th, 2025 – JCDecaux SE (Euronext Paris: DEC), the number one outdoor advertising company worldwide, announces that, following a competitive tender by the City of Rennes (France), it has been awarded the contract for the provision, maintenance and operation of city information panels (CIPs) and associated services in Rennes (population: 227,000) for a 9-year period. This contract includes the r ...
Quest Resource Holding Corporation Finalizes Sale of Non-Core Portion of RWS Business
Newsfilter· 2025-04-04 20:00
Core Insights - Quest Resource Holding Corporation has successfully sold a non-core segment of its business, specifically the tenant-direct portion of the RWS commercial property management business, to Lincoln Waste Solutions for approximately $5 million in cash at closing, with potential additional payments based on future performance [2][3]. Financial Impact - The sale is expected to enhance the company's focus on its core portfolio, which is anticipated to yield greater growth and financial returns. It also eliminates a segment that contributed to inconsistent financial performance without generating profits [2][4]. - The total consideration for the sale includes a cash payment of $5 million, with additional amounts not exceeding $6.5 million based on future performance, along with a one-time payment related to acquired accounts receivable [3]. Strategic Focus - The transaction aligns with the company's initiatives aimed at increasing profitability, improving operational efficiencies, and generating more consistent financial results. The company plans to utilize the cash from the sale to pay down debt [4]. - The CEO of Lincoln Waste Solutions expressed confidence in managing the newly acquired clients, highlighting their tailored strategies and extensive experience in the waste management sector [5][7]. Company Overview - Quest Resource Holding Corporation is a national provider of waste and recycling services, focusing on helping larger businesses meet their environmental and sustainability goals. The company offers expertise across various industry sectors to create client-specific solutions that yield measurable business and sustainability outcomes [6]. - Lincoln Waste Solutions, part of Reconomy, specializes in full-service waste and recycling management solutions, serving multi-location businesses across the U.S., Canada, and Puerto Rico, with a focus on maximizing cost savings and enhancing recycling rates [7][8].
BASF Launches the First Plant for Recycled Polyamide 6 Production
ZACKS· 2025-04-02 13:55
Group 1 - BASF SE has launched the world's first commercial loopamid facility in Caojing, Shanghai, with an annual capacity of 500 metric tons, marking a significant advancement in sustainable product supply for the textile sector [1] - Loopamid is a recycled polyamide 6 derived exclusively from textile waste, addressing the textile industry's increasing demand for sustainable polyamide 6 fibers and enabling textile-to-textile recycling across various fabric mixes [2] - The establishment of the loopamid facility supports the textile circular economy and aids customers in achieving their sustainability objectives [2] Group 2 - BASF's shares have declined by 14.4% over the past year, which is less than the 18.7% decline experienced by its industry [4] - BASF currently holds a Zacks Rank of 3 (Hold), while other companies in the basic materials sector, such as Carpenter Technology Corporation, CSW Industrials Inc., and Axalta Coating Systems Ltd., have better rankings [5] - Carpenter Technology has seen a significant share price increase of 156.6% over the past year, outperforming the Zacks Consensus Estimate in the last four quarters with an average earnings surprise of 15.7% [5]
Cerro de Pasco Resources Receives Final Approval to List on the TSX Venture Exchange
Globenewswire· 2025-03-12 12:00
Core Points - Cerro de Pasco Resources Inc. has received final approval from TSX Venture Exchange for the listing of its common shares effective March 13, 2025, with trading commencing on March 14, 2025 [1] - The company will delist its shares from the Canadian Securities Exchange, with the last trading day on the CSE also being March 14, 2025 [1] - The common shares will continue to trade on the United States OTCQB and the Frankfurt Stock Exchange under their respective symbols [2] Budgeted Work Program of the Metalurgista Project - The company has initiated a two-phase work program on the El Metalurgista concession, with a total budget of $1,024,500 for both phases as per the 2021 Technical Report [3][4] - Due to inflationary pressures and the addition of geophysical and environmental programs, the Phase 1 budget has been updated to $1,607,359, with $620,000 yet to be expended [5] - Phase 2 metallurgical testwork will depend on the outcomes of Phase 1, focusing on the evaluation of potential re-processing of historical Quiulacocha tailings [6] Company Overview - Cerro de Pasco Resources is focused on the development of its 100% owned El Metalurgista mining concession, which consists of silver-rich mineral tailings and stockpiles from over a century of operations at the Cerro de Pasco open pit mine in Central Peru [8] - The company's approach includes reprocessing and environmental remediation of mining waste, contributing to a circular economy [8]