Sustainability
Search documents
Unaudited consolidated interim accounts for the third quarter and first nine months of 2025
Globenewswire· 2025-10-09 13:30
Core Insights - The Group's sales revenue for Q3 2025 reached 232.7 million euros, a 1.5% increase year-on-year, while the nine-month total was 680.4 million euros, down 1.1% from the previous year [1][2] - The Group's pre-tax profit for Q3 2025 was 8.1 million euros, a decrease of 5.7% compared to the same period last year, with a nine-month pre-tax profit of 16.0 million euros, down 28.1% year-on-year [1][2] Sales Performance - Sales revenue growth was observed across nearly all business segments, with the exception of the security segment, which saw a decline due to reliance on one-off projects [2] - The car segment's sales revenue for the first nine months was 9.6% lower than the previous year, primarily due to a 40.5% contraction in the Estonian new car market [2][20] - The supermarket segment reported a 0.9% increase in Q3 sales revenue, totaling 150.9 million euros, and a 1.9% increase for the first nine months [6][8] Profitability - The supermarket segment's pre-tax profit for Q3 2025 was 4.7 million euros, a decrease from the previous year, with a nine-month pre-tax profit of 8.7 million euros, down 2.8 million euros year-on-year [6][9] - The overall decline in profit margins was attributed to increased promotional activities and rising input costs, despite maintaining operational cost efficiency [9][12] Segment Analysis - The department stores segment achieved a 3.8% increase in Q3 sales revenue, totaling 22.4 million euros, but reported a pre-tax loss of 1.0 million euros [15][16] - The real estate segment saw a 12.1% increase in Q3 sales revenue, reaching 1.9 million euros, with a pre-tax profit of 2.4 million euros, up 45.4% [24][25] - The security segment's sales revenue decreased by 15.4% in Q3, totaling 4.8 million euros, with a pre-tax profit of 0.2 million euros [22][23] Customer Engagement - The number of loyal customers exceeded 750,000, representing a 1.4% increase year-on-year, with 85.9% of the Group's turnover attributed to these customers [5] - The Partner Card mobile app has gained popularity, with over 323,000 users by the end of the quarter [5] Future Developments - The Group is focusing on optimizing product assortment and processes, including the introduction of the First Price brand to enhance competitive pricing [10][11] - Renovation projects are underway to improve store energy efficiency and align with current business needs, including the upcoming Jõgeva Selver store renovation [13][26]
Bull of the Day: Montrose Environmental (MEG)
ZACKS· 2025-10-09 12:01
Core Viewpoint - Montrose Environmental Group (MEG) is highlighted as a strong investment opportunity in the environmental services sector, benefiting from regulatory tailwinds and robust profit margins despite being in a less glamorous industry [1][2]. Company Overview - Montrose is a comprehensive environmental services platform that offers consulting, lab testing, air measurement, remediation, and renewable energy solutions [2]. - The company is actively involved in addressing environmental challenges such as PFAS contamination and methane monitoring, positioning itself at the forefront of sustainability trends [2][4]. Financial Performance - Analysts have raised earnings estimates for Montrose, with the current year's consensus estimate increasing from $0.66 to $1.34 and next year's from $0.83 to $1.36 [3]. - Montrose has consistently exceeded earnings expectations for four consecutive quarters, averaging a surprise of $0.15 [3]. - Revenue growth is projected to exceed 15% this year, driven by industrial demand and heightened regulatory enforcement [3]. Market Position - The environmental services sector, where Montrose operates, is relatively insulated from economic downturns, as compliance with environmental regulations remains a priority for industries [4]. - The increasing scrutiny on ESG (Environmental, Social, and Governance) practices is expanding Montrose's testing and remediation backlog [4]. Technical Analysis - The stock has shown strong recovery from recent lows, with the 50-day moving average providing significant support [5]. - Montrose's stock is currently approaching a swing high just above $31, indicating positive technical momentum [5].
FERRARI CAPITAL MARKETS DAY 2030 STRATEGIC PLAN
Globenewswire· 2025-10-09 08:02
Core Insights - Ferrari presented its 2030 Strategic Plan, emphasizing continuous innovation, product diversification, and a commitment to sustainability and education [4][5][39]. Group 1: Product Strategy - The company plans to launch an average of four new car models per year from 2026 to 2030, with a product line-up consisting of approximately 40% internal combustion engines (ICE), 40% hybrids, and 20% electric vehicles by 2030 [6][13]. - The introduction of the Ferrari elettrica marks a significant addition to the product range, designed to deliver exceptional driving experiences while maintaining the brand's unique philosophy [14][24]. - The breadth of the model line-up, tailored to various client needs, is a competitive advantage, allowing for a horizontal product diversification strategy while preserving exclusivity [15][22]. Group 2: Client Engagement - Ferrari has seen a 20% increase in active clients, reaching 90,000, with a notable acquisition of approximately 32,300 new clients since 2022 [20]. - The company is enhancing its client experience through the opening of new Tailor Made centers in Tokyo and Los Angeles, as well as flagship stores in London and New York [16][32]. - The brand's dual nature of inclusivity and exclusivity is reflected in its lifestyle offerings, which aim to engage a wide audience, from 180,000 Ferraristi to over 400 million tifosi [30]. Group 3: Sustainability Initiatives - Ferrari has reduced its Scope 1 and 2 greenhouse gas (GHG) emissions by approximately 30% from 2021 to 2024, with a target to achieve at least a 90% reduction by 2030 [33][34]. - The company aims to cut Scope 3 emissions by at least 25% in absolute terms by 2030 compared to 2024, reflecting its commitment to continuous improvement in sustainability [35][36]. - Investments in new materials, such as recycled aluminum, are part of Ferrari's strategy to lower environmental impact and enhance sustainability [28][38]. Group 4: Educational Commitment - The M-TECH Alfredo Ferrari initiative will be established in Maranello as an advanced technical training center, aimed at inspiring the next generation of technicians and engineers [39][40][41]. - This educational project is a collaboration between Ferrari, Fondazione Agnelli, and local government entities, reinforcing the company's commitment to community and innovation [40][41].
Braskem Unveils Bio-based Product Innovations at K 2025
Businesswire· 2025-10-09 08:00
Group 1 - Braskem is a market leader in the production of biopolymers on an industrial scale [1] - The company is currently participating in K 2025, the world's leading trade fair for plastics and rubber in Düsseldorf, Germany [1] - Braskem showcased a new generation of bio-based and circular product solutions aimed at accelerating the transformation of the plastics industry [1] Group 2 - The company revealed product launches and partnerships under its sustainable portfolio [1] - These initiatives are designed to enhance sustainability within the plastics industry [1]
X @Bloomberg
Bloomberg· 2025-10-08 21:25
When will this hunger for luxury packaging break, asks @davidfickling. There must be a better strategy than waiting for consumer tastes to get more sustainable (via @opinion) https://t.co/5SXp4GivCg ...
BGMEA Announces AI-Powered Digital Factory Passport
Yahoo Finance· 2025-10-08 19:30
The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) wants factories to participate in a more transparent supply chain by digging deeper on data. The trade association announced this week that it has partnered with technology company Digital Bridge Partners to create an AI-powered ESG compliance reporting tool it calls the Digital Factory Passport (DFP). More from Sourcing Journal The BGMEA wants the DFP to enable stronger transparency and foster competitiveness in the ready-made garmen ...
PressReader Partners with Leading Luxury Cruise Lines Oceania Cruises® and Regent Seven Seas Cruises®
Globenewswire· 2025-10-08 15:33
Core Insights - PressReader has partnered with Oceania Cruises and Regent Seven Seas Cruises to provide digital content on their ships, enhancing guest experiences while promoting sustainability [1][4][6] Group 1: PressReader Overview - PressReader offers access to over 8,000 publications from 120 countries in more than 60 languages, along with over 140,000 eBooks and interactive games [2][8] - The platform allows cruise lines to provide their own digital content, including brochures and guides, accessible via Starlink internet or for offline reading [4][6] Group 2: Partnership Details - The integration of PressReader began on October 4, 2025, with Oceania Cruises' Oceania Allura, followed by Regent Seven Seas Cruises' Seven Seas Navigator on October 5, 2025, with full fleet rollout expected by November 2025 [3] - This partnership aligns with PressReader's vision to keep travelers connected to important stories while traveling [4] Group 3: Company Background - PressReader has been a pioneer in digital content curation since 1999, partnering with 1,500 top publishers globally [8] - Oceania Cruises is known for its culinary and destination-focused luxury cruises, while Regent Seven Seas Cruises is recognized as a leading ultra-luxury cruise line [9][10]
Rolling Stone Leads an Editorial Chorus Spotlighting SMX's Recycling Platform Mint (NASDAQ: SMX)
Accessnewswire· 2025-10-08 15:00
Core Insights - The article emphasizes a shift in cultural perception towards sustainability, indicating that traditional promises regarding plastic are no longer credible, and that tangible proof of sustainability is becoming the new standard [1] Group 1 - The publication Rolling Stone highlights the changing narrative around sustainability, suggesting that the era of "plastic promises" is over [1] - The statement reflects a broader cultural trend where innovation in sustainability is being recognized and valued [1] - The focus is on the importance of evidence and real results in sustainability efforts, rather than mere claims [1]
Recycling Rules Without Proof Are Just Non-Negotiable Paper; SMX Turns Them Into Tradable Currency (NASDAQ: SMX)
Accessnewswire· 2025-10-08 14:30
NEW YORK, NY / ACCESS Newswire / October 8, 2025 / Decades of climate conferences and sustainability summits have produced mountains of pledges and pages of regulations. Targets were set, quotas were announced, and deadlines were promised. ...
Bernard Osta promoted to Vestiaire Collective CEO
Yahoo Finance· 2025-10-08 11:45
Maximilian Bittner, who held the Vestiare Collective CEO role for seven years, is departing from the company, stating that he "had different views on the strategic path forward". Bernard Osta joined Vestiaire Collective as the chief strategy officer in May 2021, and transitioned to chief financial officer in September 2023. Previously, Osta worked as an investment banker with Lazard from 2006 to 2011 and Goldman Sachs from 2011 to 2021, operating out of New York and Paris. He also maintains a position a ...