Group 1 - The company Exosens has launched a share buyback program to repurchase a maximum of 240,000 shares, which will take place from 31 July 2025 to 31 October 2025 [2][3] - The shares repurchased will be used to cover performance share plans for employees [2] - The buyback program is authorized by the General Meeting of Shareholders held on 23 May 2025, under the 10th resolution, and the purchase price will not exceed the maximum price authorized by shareholders [3] Group 2 - Exosens is a high-tech company with over 85 years of experience in the innovation, development, manufacturing, and sale of high-end electro-optical technologies [5] - The company offers detection components and solutions, including travelling wave tubes, advanced cameras, neutron and gamma detectors, instrument detectors, and light intensifier tubes [5] - Exosens is recognized as a major innovator in optoelectronics, with production and R&D across 11 sites in Europe and North America, employing over 1,900 employees [5]

Core Insights - Shell demonstrated strong operational performance and robust cash flows despite a challenging macroeconomic environment, achieving significant milestones in its deep-water portfolio and LNG operations [1][2][6] Financial Performance - Adjusted Earnings for Q2 2025 were $4.3 billion, with a Cash Flow from Operations (CFFO) of $11.9 billion, enabling a $3.5 billion share buyback program [6][8] - Structural cost reductions amounted to $3.9 billion since 2022, with $0.8 billion achieved in the first half of 2025 [2][6] - The company maintained a strong balance sheet with a gearing ratio of 19% and net debt of $14.3 billion [6][7] Segment Performance Integrated Gas - Adjusted Earnings were $1.7 billion with CFFO of $3.6 billion; LNG sales volumes increased to 17.8 million tonnes in Q2 2025 [3][9] - Realized gas prices decreased to $7.2 per thousand scf, while production slightly declined to 913 kboe/d [9] Upstream - Adjusted Earnings were $1.7 billion, with total production at 1,732 kboe/d; realized liquids prices fell to $64 per barrel [10] - Gas production decreased significantly to 2,310 million scf/d [10] Marketing - Adjusted Earnings rose to $1.2 billion, driven by improved margins in the Mobility unit and higher sales volumes [11] Chemicals & Products - Adjusted Earnings were $0.1 billion, impacted by lower trading results and unplanned downtime; refinery utilization improved to 94% [12][13] Renewables & Energy Solutions - Adjusted Earnings remained stable, with external power sales at 70 TWh and renewables power generation capacity increasing to 7.6 GW [14] Strategic Developments - The first cargo from LNG Canada was shipped, enhancing Shell's LNG position and supporting a growth target of 4-5% CAGR in LNG sales to 2030 [6][8] - The company continued to enhance its deep-water portfolio with new projects in Brazil and Nigeria [6][8]

Core Insights - Shell generated robust cash flows reflecting strong operational performance despite a less favorable macro environment [1][2] - The company achieved significant structural cost reductions totaling $3.9 billion since 2022, enabling a $3.5 billion share buyback program for the next three months [2][6] Financial Performance - Q2 2025 Adjusted Earnings were $4.3 billion, with a Cash Flow from Operations (CFFO) of $11.9 billion [3][6] - The company reported a net debt of $14.3 billion, with a gearing ratio of 19% [6][7] - Total shareholder distributions over the last four quarters accounted for 46% of CFFO [6] Segment Performance Integrated Gas - Adjusted Earnings for Integrated Gas were $1.737 billion, with CFFO of $3.629 billion in Q2 2025 [3] - LNG sales volumes increased to 17.8 million tonnes in Q2 2025 [9] Upstream - Adjusted Earnings for Upstream were $1.732 billion, with total production of 1,732 kboe/d in Q2 2025 [10] - Realized liquids price decreased to $64 per barrel in Q2 2025 [10] Marketing - Adjusted Earnings for Marketing increased to $1.199 billion, driven by improved Mobility unit margins [11] - Marketing sales volumes rose to 2,813 kb/d in Q2 2025 [11] Chemicals & Products - Adjusted Earnings for Chemicals were $(0.2) billion, while Products reported $0.3 billion [4][13] - Refinery processing intake decreased to 1,156 kb/d in Q2 2025 [13] Renewables & Energy Solutions - Renewables power generation capacity increased to 7.6 GW, with 3.9 GW in operation [14][16] - Adjusted Earnings remained stable compared to Q1 2025, despite seasonally lower trading margins [16] Strategic Developments - The first cargo was shipped from LNG Canada, enhancing Shell's LNG position [6] - The company continued to enhance its deep-water portfolio with the start-up of Mero-4 in Brazil and increased interests in Gato do Mato and Bonga [6]

Core Viewpoint - COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN has initiated a share buyback program, authorized by the Shareholders Meeting on May 16, 2025, with the assistance of an Investment Services Provider [1][2]. Group 1 - The share buyback program will involve the purchase of shares worth a maximum of €265,000,000 between August 01, 2025, and November 28, 2025 [2]. - The average purchase price will be determined objectively by the market during the agreement period, with a guaranteed discount applied [2]. - All shares repurchased under this agreement will be cancelled [3].

Group 1 - Vaisala Corporation executed a share repurchase on July 29, 2025, buying 3,035 shares at an average price of €46.9488 per share, totaling €142,489.61 [1] - Following the repurchase, Vaisala Corporation now holds a total of 124,353 shares [1] - The share buybacks comply with Regulation No. 596/2014 of the European Parliament and Council (MAR) Article 5 and the Commission Delegated Regulation (EU) 2016/1052 [1] Group 2 - Vaisala is a global leader in measurement instruments and intelligence for climate action, focusing on improving resource efficiency and driving energy transition [2] - The company has nearly 90 years of innovation and expertise, employing around 2,500 experts dedicated to environmental measures [2] - Vaisala's series A shares are listed on the Nasdaq Helsinki stock exchange [2]

Core Insights - Wolters Kluwer has repurchased 144,684 ordinary shares for €19.7 million at an average price of €136.22 during the period from July 24 to July 28, 2025, fulfilling part of a previously disclosed share repurchase agreement totaling €350 million [2][3] - The company has a share buyback program announced on February 26, 2025, with a total intended repurchase of up to €1 billion throughout 2025 [3] - As of the current date in 2025, Wolters Kluwer has repurchased a cumulative total of 4,221,191 shares for €636.9 million, with an average share price of €150.88 [3] Company Overview - Wolters Kluwer is a global leader in professional information solutions, software, and services, serving various sectors including healthcare, tax and accounting, financial compliance, legal, and corporate performance [5] - The company reported annual revenues of €5.9 billion for 2024 and operates in over 180 countries with approximately 21,900 employees [6] - Wolters Kluwer shares are listed on Euronext Amsterdam and included in major indices such as AEX and Euro Stoxx 50 [7]

Core Points - Royal Vopak has completed its share buyback program, returning EUR 100 million to shareholders as announced on 19 February 2025 [1] - A total of 2,551,949 ordinary shares, representing 2.17% of the company's outstanding shares, were repurchased at an average price of EUR 39.19 per share [2] - After the cancellation of these shares, the total number of issued outstanding shares will be 115,264,199 [2] Company Overview - Royal Vopak provides storage and infrastructure solutions for essential products, including liquids and gases for energy, chemicals for manufacturing, and edible oils for cooking [3] - The company has been a leader in fundamental transformations for over 400 years, focusing on safety, reliability, and efficiency [3] - Vopak is actively supporting the energy transition by developing infrastructure solutions for hydrogen, ammonia, CO₂, battery energy storage systems, and low-carbon fuels [3] - The company is listed on Euronext Amsterdam and is headquartered in Rotterdam, the Netherlands [3]

Acquisition & Strategy - Tapestry's attempted $85 billion acquisition of Capri Holdings was blocked by the FTC due to concerns about creating an excessively concentrated player in the accessible luxury handbags market [1][2] - Wall Street disliked the Capri deal, fearing Tapestry would overstretch its balance sheet to acquire a consistently worse operator [3] - Tapestry redeemed deal debt and announced a $28 billion buyback program, including a $2 billion accelerated share repurchase program, representing roughly 15% of shares outstanding [6][7] - Tapestry sold its Steuart Weitzman brand to focus on the core Coach brand and turning around Kate Spade [8][9] Financial Performance & Market Dynamics - Tapestry's stock has increased 148% since the merger was blocked and is up 69% for the year [2] - Coach's revenue growth accelerated from 2% to 15% on a constant currency basis [11][12] - Tapestry delivered substantial top and bottom-line beats, raising full-year earnings forecast by $025 [10] - Kate Spade's constant currency revenue growth has declined for eight straight quarters, down 12% [16] Future Outlook & Risks - Tapestry aims to turn around Kate Spade by emulating Coach's strategies, targeting younger consumers and developing new products [17] - The stock trades at just under 22 times this year's earnings estimate, with 18% earnings growth, but is considered inherently risky given its recent performance [19][20] - The report suggests a potential buying opportunity if Tapestry reports a good quarter that doesn't fully satisfy shareholders, leading to a sell-off [20]

Company Overview - JDE Peet's is the world's leading pure-play coffee company, serving approximately 4,400 cups of coffee per second in over 100 markets [3] - The company has a portfolio of strong iconic brands including Peet's, L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona [3] - In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees [3] Share Buyback Program - JDE Peet's announced the repurchase of 255,615 shares from July 21, 2025, to July 25, 2025, at an average price of EUR 24.00 per share, totaling EUR 6.1 million [1] - The total number of shares repurchased under the buyback program to date is 4,728,935 ordinary shares for a total consideration of EUR 94.2 million [2] - The buyback program was initially announced on March 3, 2025, with a total allocation of EUR 250 million [1]

Core Viewpoint - Sydbank A/S has initiated a share buyback program amounting to DKK 1,350 million, aimed at reducing its share capital, with the program set to run from March 3, 2025, to January 31, 2026 [1][2]. Summary by Sections Share Buyback Program - The share buyback program is compliant with EU regulations, specifically Regulation (EU) No 596/2014 and Commission Delegated Regulation (EU) 2016/1052, known as the Safe Harbour rules [2]. - As of the most recent announcement, a total of 1,288,000 shares have been accumulated under the program, with a gross value of DKK 553,835,560 [2]. Weekly Transactions - During week 30, Sydbank A/S repurchased a total of 55,000 shares, with a gross value of DKK 26,066,260 [2]. - The weekly transactions included: - July 21, 2025: 11,000 shares at DKK 474.74 - July 22, 2025: 11,000 shares at DKK 471.02 - July 23, 2025: 11,000 shares at DKK 473.09 - July 24, 2025: 11,000 shares at DKK 477.09 - July 25, 2025: 11,000 shares at DKK 473.72 [2]. Total Accumulated Shares - The total number of shares repurchased during the entire buyback program has reached 1,343,000, with a total gross value of DKK 579,901,820 [2]. - Following these transactions, Sydbank A/S holds a total of 1,343,637 own shares, representing 2.62% of the bank's share capital [4][5].