Core Insights - TomTom has announced a global partnership with AECOM to enhance mobility and infrastructure planning using TomTom's traffic data [1][6] - The collaboration aims to provide AECOM with advanced traffic analytics tools to improve transportation systems for public and private sector clients [2][4] Company Overview - TomTom specializes in mapping and location technology, providing data and technology solutions to various sectors including automotive and business [7][8] - AECOM is a global leader in infrastructure, offering professional services across multiple sectors including transportation, with a reported revenue of $16.1 billion in fiscal year 2025 [9] Partnership Details - AECOM will integrate TomTom's products such as Traffic Stats, Live Traffic, and Junction Analytics into its operations to deliver data-driven insights [2][5] - The partnership is expected to enhance safety, optimize infrastructure investments, and improve mobility through better planning and modeling [3][4] Industry Context - The collaboration addresses the challenges posed by urbanization, changing travel patterns, and the need for sustainable development in transportation [3] - TomTom's real-time traffic measures will support effective responses to network disruptions and improve overall traffic management [5]

Financial Performance - The company reported consolidated sales of €25.99 billion in 2025, a decline of 4.4% from €27.19 billion in 2024, with a 1.4% decrease at constant exchange rates [49][88] - Segment operating income was €2.72 billion, representing 10.5% of sales, down from €3.38 billion and 12.4% in 2024 [49][90] - Free cash flow before M&A amounted to €2.1 billion, reflecting strong operational management [9][52] Segment Analysis - The Automotive & Two-wheel segment had an operating margin of 11.7%, impacted by lower sales volumes in Original Equipment, although the sales mix improved with 68% of MICHELIN-brand tire sales being 18-inch and larger [3][56] - The Road Transportation segment's operating margin narrowed to 4.7%, primarily due to weak Original Equipment sales in North America, which saw a 20% market contraction [4][62] - The Specialties segment delivered an operating margin of 13.5%, with growth in Mining and Aircraft tires offsetting declines in Agricultural markets [5][64] Market Trends - Tire sales volumes decreased by 4.7%, with over 80% of the decline coming from Original Equipment markets, particularly for Truck and Agricultural tires in North America [8][50] - The Replacement segment saw slight growth in MICHELIN-brand tire sales year-on-year, while other brands faced challenges due to low-priced tire imports [8][61] - The non-tire businesses, including Michelin Connected Fleet and Polymer Composite Solutions, positively contributed to sales and operating income [8][49] Strategic Initiatives - The company is committed to its Michelin in Motion 2030 strategy, focusing on adapting industrial capacities and accelerating product plans [6][77] - A share buyback program of up to €2 billion is planned for 2026-2028, reflecting confidence in cash flow generation [11] - The company aims for growth in segment operating income in 2026 compared to 2025, targeting over €1.6 billion in free cash flow before M&A [11][10] Environmental and Social Governance - The company received high scores for its ESG performance, with a gold medal status from EcoVadis and a low-risk rating from Sustainalytics [74][76] - The Group's CO2 emissions were reduced by 48% compared to 2019, demonstrating progress towards carbon neutrality [96] - The percentage of renewable and recycled materials used in tires reached 32%, with a target of 40% by 2030 [99]

Core Insights - SM Prime Holdings Inc. has launched Green Recycling Machines (GR Machines) across its SM Supermalls to promote sustainable recycling practices among customers [1][2][3] Group 1: Recycling Initiative - The GR Machines are designed to make recycling easy and rewarding, allowing users to deposit PET bottles up to two liters [2][12] - Each GR Machine can hold up to 5,000 bottles in one collection cycle, compressing them for efficient collection and recycling [3][12] - The compressed PET blocks are processed by SM's partner, Sentinel, to create reusable items like food trays [3] Group 2: Environmental Impact - The Philippines contributes over 300 million metric tons of plastic waste to the ocean annually, highlighting the need for effective recycling solutions [5] - SM aims to engage customers and communities in recycling efforts, addressing the growing issue of plastic pollution [6][7] Group 3: Community Engagement - SM Cares, the corporate social responsibility arm of SM, promotes sustainable practices through initiatives like the Trash to Cash program, encouraging customers to segregate recyclables for cash [7][9] - The company has also implemented Reverse Vending Machines that reward customers with discounts for recycling aluminum cans and PET bottles [10] Group 4: Future Goals - SM's President, Steven Tan, emphasizes the company's commitment to enhancing the circular economy and integrating waste management efforts for a sustainable future [13]

Strong Foundation. Stronger Future. Simpson Manufacturing Co., Inc. Investor Presentation February 2026 Safe Harbor Note: The financial results in this presentation as of and for the fiscal year ended December 31, 2025 are unaudited. This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statement ...

Core Insights - The article emphasizes the growth and transformation of the bio-based and bio-manufacturing industry in 2025, aligning with global green transition trends and China's "dual carbon" strategy [2][3] - The industry has moved from a technology exploration phase to a critical stage of industrialization and marketization, with bio-based materials expected to penetrate various sectors [2] Summary by Sections Part 1: Bio-based 2025 - The 10th Bio-based Conference and Exhibition was held in Shanghai, gathering over 1,000 experts and industry leaders, with more than 100 industry leaders sharing insights [4] - The event featured over 20 specialized sessions and discussions on international trends, technology, and applications in the bio-based industry [4][6] - The DT New Leaf Award recognized over 70 products, with 28 winners across various categories, highlighting innovation in the sector [7] Part 2: SynBioCon 2025 - The 4th Synthetic Biology and Green Bio-manufacturing Conference took place in Ningbo, attracting over 400 participants, including 60 experts [9] - The conference included 40 presentations and discussions across four major themes, focusing on macro trends in bio-manufacturing and AI applications [9] Part 3: NFUCon 2025 - The 5th Non-food Biomass High-Value Utilization Forum was held in Hangzhou, with over 400 industry experts discussing economic feasibility and sustainable resource utilization [12] - The forum featured discussions on non-food biomass chemicals, materials, and energy, along with three special activities [12] Part 4: GCMF 2025 - The 4th Green Composite Materials Forum was successfully held, focusing on fiber and resin technologies and promoting collaboration between academia and industry [20] - The forum aimed to drive technological breakthroughs in green composite materials [20] Additional Activities - The 3rd Polymer Recycling Conference was held in Ningbo, focusing on policies, recycling technologies, and high-value utilization of waste polymers, with nearly 300 industry representatives attending [24] - The company aims to facilitate technology transfer and industry collaboration through various events and platforms [26]

Core Viewpoint - Lanvin Group has completed the sale of Caruso, a luxury Italian menswear brand, to MondeVita Italy S.r.l., indicating a strategic focus on sustainable development of core brands [1] Group 1: Lanvin Group - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai and Milan, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, and St. John Knits [1] - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise [1] - Lanvin Group's shares are listed on the New York Stock Exchange under the ticker symbol "LANV" [1] Group 2: Mondevo Group - Mondevo Group is a multi-divisional holding company based in Abu Dhabi, operating in technology, investment, and lifestyle sectors [1] - MondeVita, the lifestyle and luxury division of Mondevo, focuses on consolidating exceptional heritage brands across various sectors, including luxury goods and hospitality [1] - MondeVita aims to build a portfolio of best-in-class companies to leverage shared capabilities and economies of scale [1] Group 3: Caruso - Caruso is an Italian company known for high-end sartorial manufacturing, founded in 1964 and headquartered in Soragna, Parma [1] - The Caruso brand is recognized for its distinctive positioning of "Playful Elegance," combining sartorial rigor with contemporary Italian style [1] - The company employs over 450 individuals and serves as a trusted partner to prestigious global fashion houses [1]

Core Insights - SATO Corporation has published its Annual Report for 2025, which includes the Financial Statements and the Board of Directors' report for the financial year from January 1 to December 31, 2025 [1] - The Financial Statements comply with the European Single Electronic Format (ESEF) reporting requirements and have been tagged with XBRL, with an independent assurance report from Deloitte [2] - The company has also released a Corporate Governance Statement and a Remuneration Statement for 2025, available on its website [3] Company Overview - SATO Corporation is a leading provider of sustainable rental housing in Finland, owning approximately 27,000 rental homes in the Helsinki Metropolitan Area, Tampere, and Turku [4] - The company focuses on delivering an excellent customer experience and a diverse range of urban rental housing options, emphasizing accessibility to public transport and services [5] - SATO aims for profitable and sustainable investments, enhancing asset value through investments, divestments, and repairs, and celebrated its 85th anniversary in 2025 [5]

Core Viewpoint - SATO Corporation faced ongoing challenges in the rental housing market due to oversupply and intense competition, yet managed to achieve positive financial results in 2025, demonstrating resilience and strategic focus on profitability and customer experience [4][5][9]. Financial Performance - The economic occupancy rate was 95.4%, slightly down from 95.5% in 2024 [5][10]. - Net sales increased to EUR 316.1 million, up from EUR 304.1 million in 2024 [5][10]. - Net rental income rose to EUR 222.9 million, compared to EUR 214.4 million in the previous year [5][10]. - Operating profit grew to EUR 188.4 million, an increase from EUR 185.6 million [5]. - Profit before taxes improved to EUR 106.1 million, up from EUR 105.4 million [5][10]. - Earnings per share were EUR 1.00, down from EUR 1.04 in 2024 [5][10]. - The fair value of investment properties increased to EUR 5,237.4 million from EUR 4,971.4 million [5][10]. Investment and Growth - SATO made significant housing investments amounting to EUR 239.8 million, a substantial increase from EUR 48.6 million in 2024 [5][10]. - The total number of SATOhomes increased to approximately 27,000, following the acquisition of 16 high-quality properties [6][10]. - No new properties were completed during the year, and there are currently no new builds under construction [7]. Market Environment - The Finnish economy showed minimal growth in 2025, with a forecasted growth of only 0.2% [12]. - Consumer confidence remained low, impacting private consumption, although a recovery is expected in 2026 [13][14]. - The oversupply of rental homes continues to be a challenge, particularly in growth centers, but demand is anticipated to rise due to urbanization and demographic changes [16][17]. Strategic Initiatives - SATO launched a webshop for rental homes, with one in ten SATOhomes rented through this platform by year-end [8]. - The company focused on improving energy efficiency in its existing housing stock, with significant investments in geothermal heating and solar power systems [7][10]. - SATO aims to enhance customer experience through increased digital services and proximity to customers [18]. Future Outlook - The operating environment for SATO is influenced by factors such as consumer confidence, maintenance costs, and interest rates [11]. - The company will not provide earnings guidance for 2026, aligning with its majority shareholder's operating model [18].

Core Insights - Societe Generale achieved record revenues of EUR 27.3 billion in 2025, representing a 6.8% increase compared to 2024, exceeding the annual target of over 3% growth [1][5] - The Group's net income reached a record EUR 6 billion in 2025, marking a 43% increase from 2024, with a return on tangible equity (ROTE) of 10.2% [1][17] - Total distribution to shareholders for 2025 amounted to EUR 4.7 billion, a significant increase of 169% compared to 2024 [1][20] - The ROTE target for 2026 has been upgraded to more than 10% [1] Financial Performance - The Group's net banking income for Q4 2025 was EUR 6.725 billion, up 1.6% from Q4 2024, and 6.8% excluding asset disposals [7][8] - Operating expenses decreased by 5.5% in Q4 2025 compared to Q4 2024, leading to a cost-to-income ratio of 64.6% for the quarter [13][30] - The cost of risk for 2025 was 26 basis points, at the lower end of the guidance range of 25 to 30 basis points [14][18] Business Segments - French Retail, Private Banking, and Insurance revenues increased by 4.6% in Q4 2025 compared to Q4 2024, with net interest income growing by 8.5% [9][27] - Global Banking and Investor Solutions reported revenues of EUR 2.408 billion in Q4 2025, a decrease of 2.3% from Q4 2024, but an overall increase of 2.6% for the year [10][29] - Mobility, International Retail Banking, and Financial Services saw revenues of EUR 1.966 billion in Q4 2025, down 4.9% from Q4 2024, but up 7.3% for the year [31][33] Shareholder Returns - The proposed ordinary distribution for 2025 is EUR 2.679 billion, with a cash dividend of EUR 1.61 per share, representing a 48% increase compared to 2024 [19] - The Group also executed two extraordinary capital distributions totaling EUR 2 billion through share buy-backs in 2025 [20] Strategic Outlook - The Group aims for revenue growth of over 2% and a cost reduction of approximately 3% in 2026, targeting a cost-to-income ratio of less than 60% [18] - The Group's CET1 ratio stood at 13.5% at the end of 2025, significantly above the regulatory requirement [23][26]

Financial Data and Key Metrics Changes - Banco de Chile generated the highest net income in the local banking industry, amounting to CLP 1.2 trillion, translating into a 2.2% return on average assets, significantly above the 1.3% achieved by the industry [3][24] - The bank maintained the largest market value among private banks in Chile of almost $20 billion and a CET1 ratio of 14.5%, far above regulatory requirements and peers [3][35] - Operating revenues totaled CLP 3 trillion for the full year, remaining relatively stable compared to 2024, with customer income increasing by 4.2% [26][41] Business Line Data and Key Metrics Changes - Total loans rose 0.8% year-on-year, reaching CLP 39.2 trillion, with residential mortgage loans growing 5.3%, consumer loans increasing 3.9%, while commercial loans fell 3% [28][29] - The retail banking segment represented 67.5% of total loans, growing 4.2% year-on-year, with individuals growing 4.4% and SMEs expanding 3.3% [30] - Non-government guaranteed installment loans for SMEs showed strong momentum, growing 9.4% year-on-year, highlighting healthy underlying demand [21] Market Data and Key Metrics Changes - Chilean economic growth posted above-trend figures, with a 1.6% year-on-year expansion in Q3 and an average expansion of 2.5% year-to-date [6] - Domestic demand increased significantly, expanding 5.8% year-on-year in Q3, driven by a strong recovery in gross investment [6][7] - The 12-month CPI variation ended the year at 3.5%, down from 4.4% in September, indicating a gradual convergence towards the central bank's 3% target [8][9] Company Strategy and Development Direction - Banco de Chile's strategy focuses on placing the customer at the center, operating with efficiency, and maintaining a strong commitment to sustainability [16] - The bank aims to remain top in return on average capital among peers and maintain a cost-to-income ratio below 40% [17] - The launch of Banchile Pagos, a new acquiring and payment processing subsidiary, aims to strengthen the bank's positioning in digital payments [4][18] Management's Comments on Operating Environment and Future Outlook - Management expressed a positive outlook for the economy, expecting above-trend GDP growth of around 2.4% in 2026, driven by strong domestic demand [10][45] - The central bank is expected to continue normalizing monetary policy, with further rate cuts anticipated [9][11] - Management highlighted the importance of monitoring the new government's agenda, particularly regarding tax reforms and investment policies [51][52] Other Important Information - Banco de Chile's risk indicators remain strong, with a coverage ratio of 223% and CLP 651 billion in additional provisions [4][40] - The bank's operating expenses decreased by 3.5% in real terms, reflecting a solid cost control culture [41][43] - The bank's CET1 ratio of 14.5% positions it well for future growth and stability [35] Q&A Session Summary Question: Economic and political outlook regarding tax rate and credit card limits - Management noted potential positive changes in tax rates but emphasized the need to wait for the new government's agenda [50][52] Question: Loan growth expectations by segment - Management expects loan growth around 4.5% for the industry, with Banco de Chile targeting slightly above that, particularly in corporate banking and consumer loans [54] Question: Capital allocation and market share - Management indicated a desire to utilize their strong capital position to gain market share in the future, particularly in 2026 [56][57]