VALLOUREC COMPLETES THE ACQUISITION OF THERMOTITE DO BRASIL Meudon (France), June 5, 2025 – Vallourec, a world leader in premium seamless tubular solutions, today announces the completion of the acquisition of Thermotite do Brasil from Mattr (MATR.TO), in accordance with the terms of the agreement announced on September 16, 2024. This operation supports Vallourec's premiumization strategy, with the integration of differentiated technological expertise in thermal insulation coatings for pipelines. With this ...

Colgate-Palmolive Company (CL) 2025 Conference Summary Industry Overview - The consumer environment in early 2025 is characterized by competing pressures affecting both consumers and retail partners, particularly in the US [5][12] - Inflationary pricing in 2023 and 2024 has led to a cautious consumer mindset, resulting in a slowdown in purchasing patterns [7][12] - Global performance varies, with some regions showing improvement while others remain volatile [8][11] Key Insights on Consumer Behavior - The US market has seen a decline in 12 categories in February, with some recovery in March and April, but overall consumer caution persists [8][12] - Europe is experiencing share growth despite muted category volume, while Latin America remains consistent with slight improvements in Mexico and softness in Brazil [9][10] - In Asia, India shows a slowdown in urban markets but growth in rural areas, while China remains unpredictable [11][66][68] - Africa is performing well, showing better results than in the first quarter [11] Retail Dynamics - Retail inventory levels in the US have not seen major changes, with retailers managing working capital cautiously [14][15] - Internationally, retail environments are improving, with a focus on growth and innovation [16][17] Market Share and Competitive Position - Colgate-Palmolive is satisfied with its market share trends, particularly in Western Europe, where oral care market share is at record levels [18][19][64] - The company has seen strong volume shares and penetration across global markets, despite some mix effects [20] Tariff and Supply Chain Management - The company is actively managing tariff impacts and optimizing its global supply chain for efficiency [22][23] - Investments in productivity and growth initiatives are ongoing, with a focus on maintaining dollar-based earnings growth despite external pressures [24][30] Strategic Growth Initiatives - The 2025 strategic plan emphasizes consistent top-line and bottom-line growth, focusing on selective growth opportunities and innovation [25][26] - The company is leveraging multiple brands and equities in different markets to drive growth, particularly in oral care and pet nutrition [27][28] Digital Transformation and AI Integration - Colgate-Palmolive has integrated its IT organization into its growth strategy, enhancing decision-making capabilities through technology [49][50] - Investments in AI and data analytics are aimed at improving operational efficiency and marketing effectiveness [51][52] Future Outlook and Innovations - The company anticipates modest category improvements in the second half of 2025, driven by strong market share and innovation [58][59] - Key advertising campaigns and product innovations, such as the relaunch of Colgate Total and new equity campaigns for Hill's, are expected to drive growth [60][61] Regional Performance Insights - The success in Europe is attributed to consistent strategy execution, innovation, and effective pricing mechanisms [62][64] - India is viewed as a long-term growth opportunity due to its expanding middle class, despite recent urban market slowdowns [66][68] Hill's Business Performance - Hill's is performing well, growing market share across all segments despite category slowdowns [72][74] - The transition away from private label capacity is nearing completion, expected to enhance margins significantly [77][78] M&A Strategy - The company is not reliant on M&A for growth but remains open to strategic acquisitions that complement its existing portfolio [86][87] Leadership Changes - Recent leadership changes aim to enhance operational efficiency and drive growth, with a focus on leveraging talent from both inside and outside the organization [88][90] Investment Opportunity Summary - Colgate-Palmolive emphasizes durability and predictability in its growth strategy, focusing on organic growth and innovation to drive shareholder value [103][104]

Key Takeaways Constellation Brands has completed its divestiture of mainstream wine brands to The Wine Group. The deal includes related inventory and supports the reshaping of STZ's wine and spirits portfolio. STZ's fiscal 2026 view and projections for 2027 and 2028 remain unchanged post-transaction.Constellation Brands, Inc.’s (STZ) premiumization strategy has been encouraging, as demonstrated by the accelerated growth of its Power Brands. The company has been seeing strength in the beer business for a w ...

Core Viewpoint - Constellation Brands has successfully completed the divestiture of its mainstream wine brands to The Wine Group, allowing the company to focus on a premium wine portfolio that aligns with consumer trends towards premiumization [1][3]. Group 1: Transaction Details - The divestiture includes mainstream wine brands such as Woodbridge, Meiomi, Robert Mondavi Private Selection, Cook's, SIMI, and J. Rogét sparkling wine, along with associated inventory, facilities, and vineyards [1]. - The retained portfolio consists of high-end wines priced predominantly at $15 and above, featuring brands like Robert Mondavi Winery, Schrader, Double Diamond, and Kim Crawford, among others [2]. Group 2: Strategic Focus - The company aims to reposition its portfolio to focus exclusively on higher-end products, which is expected to enhance performance in this segment over time [3]. - Constellation Brands emphasizes its commitment to aligning with consumer-led premiumization trends, which is anticipated to drive improved business performance [3]. Group 3: Company Overview - Constellation Brands is a leading international producer and marketer of beer, wine, and spirits, with operations in the U.S., Mexico, New Zealand, and Italy [4]. - The company is recognized for its dedication to building beloved brands and has become one of the fastest-growing large consumer packaged goods companies in the U.S. retail market [4].

28 May 2025 | 6:43AM HKT Xiaomi Corp. (1810.HK) Buy Earnings Review: 1Q25 results beat on AIoT/EV and strong China sales; An eventful month ahead; Raise TP and reiterate Buy | | | Xiaomi's 1Q25 results stayed robust and beat expectations. Revenue grew +47% yoy to Rmb111bn (2% above GSe/Visible Alpha Consensus Data, or +23% yoy for the core business) and adj. net profit grew +65% yoy to Rmb10.7bn (13-14% above GSe/consensus, or +24% yoy for the core business). Key segments that we focus on into results – AIo ...

In the global consumer goods arena, few rivalries are as iconic or as consequential as the one between The Procter & Gamble Company (PG) and Unilever PLC (UL) . As two of the world’s most influential players in the fast-moving consumer goods (“FMCG”) sector, PG and UL have built sprawling empires around everyday essentials, from soaps and shampoos to detergents and deodorants.Procter & Gamble, the American giant, is known for its brand-heavy strategy, emphasizing high-margin household and personal care prod ...

Xiaomi (01810) Q1 2025 Earnings Call May 27, 2025 07:30 AM ET Moderator Ladies and gentlemen, welcome to Xiaomi's twenty twenty five First Quarter Results Announcement Investor Conference Call and Audio Webcast. Today's conference is being recorded. If you have any objection, you may disconnect at this time. Now I would like to hand the conference over to your host today, Mr. Xu Ran, General Manager of Group Investor Relations. Please go ahead, sir. Good evening, ladies and gentlemen. Welcome to the investo ...

Xiaomi (01810) Q1 2025 Earnings Call May 27, 2025 07:30 AM ET Moderator Ladies and gentlemen, welcome to Xiaomi's twenty twenty five First Quarter Results Announcement Investor Conference Call and Audio Webcast. Today's conference is being recorded. If you have any objection, you may disconnect at this time. Now I would like to hand the conference over to your host today, Mr. Xu Ran, General Manager of Group Investor Relations. Please go ahead, sir. Good evening, ladies and gentlemen. Welcome to the investo ...

Core Viewpoint - The alcohol industry, particularly Heineken, is facing challenges due to inflation, higher interest rates, and tariff concerns, yet Heineken has shown resilience and growth potential in 2025 [1] Company Performance - Heineken's stock has increased by 23% year-to-date as of May 15, 2025, trading at $44.15 with a dividend yield of 2.24% [2] - The company reported a 0.9% increase in net revenue despite a 2.1% decline in volume, with premium beer volume showing organic growth of 1.8% [5] - Heineken has reaffirmed its 2025 earnings outlook, indicating confidence in its premiumization strategy [5] Investment Strategies - Heineken announced a $1.6 billion share buyback program, with the first tranche expected to be completed by January 2026, providing downside protection for investors [6] - The company is investing approximately $44.7 billion (€40 billion) to remodel and reopen pubs in the UK, expected to create around 1,000 jobs [7][8] Market Position - Heineken has limited exposure to potential tariffs from the United States, with only 21% of sales volume coming from the Americas, providing significant tariff protection [3] - The stock is trading at a price-to-earnings (P/E) ratio of around 16x, which is a discount compared to its five-year historical average [10] Analyst Ratings - The consensus among 20 analysts is a Buy rating for Heineken, with a price target of $51.71, representing an 18% upside from its price on May 15 [11]

5 May 2025 | 6:21PM HKT China Spirits 2024/1Q25 Wrap: Prudent 2025 guidance and strengthening shareholder returns; Demand yet to pick Post 2024/1Q25 prints, we found this round of results to be largely in line with our 4Q24/1Q25 previews. Our spirits coverage saw growth slow down to 7%/8% 2024 sales/NP growth on average in a prolonged cycle, with a tough 4Q24 (3%/0% sales/NP) followed by steadier 3%/3% growth in 1Q25, mainly supported by relatively resilient LNY demand post destocking in 4Q24. We expect a r ...