Company Overview - Hofseth BioCare ASA is a Norwegian consumer and pet health company focused on sustainability and optimal utilization of natural resources [1] - The company upcycles side streams of the salmon industry, converting waste into health-improving ingredients such as ProGo®, OmeGo®, and CalGo® / NT-II(TM) [1] Product Benefits - ProGo® enhances iron metabolism, increasing energy and vitality [2] - OmeGo® provides immune health benefits, aiding recovery from viral infections and improving respiratory health [2] - CalGo® supports bone and joint health, promoting healthy aging and active lifestyles [2] Scientific and Business Developments - Hofseth BioCare has established academic partnerships and secured several patents for its health-related discoveries [2] - The company has spun out HBC Immunology (HBCI), focusing on potential therapeutics, including programs for prostate and ovarian cancer, as well as an oral therapy for asthma [2]

Financial Performance - Danske Bank reported a net profit of DKK 5.8 billion for Q1 2025, a 2% increase from DKK 5.6 billion in Q1 2024, driven by strong customer activity and credit quality [3][9] - The return on shareholders' equity rose to 13.3% in Q1 2025, up from 12.9% in Q1 2024, while the cost/income ratio improved slightly from 45.4% to 45.2% [2][9] - Total income for Q1 2025 was DKK 13.9 billion, compared to DKK 14.0 billion in Q1 2024, with operating expenses remaining stable at DKK 6.3 billion [9] Business Segments - The Personal Customers segment saw a profit before tax decrease of 18% to DKK 2.25 billion, primarily due to higher loan impairment charges and the divestment of the personal customer business in Norway [13] - The Business Customers segment experienced a profit before tax increase of 64% to DKK 2.83 billion, supported by loan impairment reversals and increased net fee income [14] - The Large Corporates & Institutions segment reported a profit before tax of DKK 2.4 billion, a 12% decrease from the previous year, attributed to higher loan impairment charges [15] Market Conditions - The Nordic economies demonstrated resilience amid global uncertainty, with promising growth and inflation outlooks, and robust employment [10] - Despite challenges such as US tariffs and potential recession risks, the foundation for decent economic outlook remains, supported by lower interest rates and increasing real incomes [12] Strategic Initiatives - Danske Bank continues to invest in technology and customer offerings as part of its Forward '28 strategy, aiming to enhance its position as a strong financial partner [2][6] - The bank published its Climate Action Plan Progress Report 2024, reaffirming its commitment to sustainability [6] Outlook - The company maintains its guidance for 2025, expecting net profit to be in the range of DKK 21-23 billion, subject to economic conditions [19]

Core Insights - ING Group reported a net result of €1,455 million for 1Q2025, with a profit before tax of €2,124 million and a CET1 ratio of 13.6% [1][3] Financial Performance - Total income increased due to strong growth in deposits and higher mortgage volumes, with resilient commercial net interest income and a significant rise in fee income [3][7] - Operating expenses slightly decreased quarter-on-quarter, while year-on-year increases were in line with guidance, reflecting inflation and client acquisition costs [3][7] - Risk costs were €313 million, below the through-the-cycle average, indicating a high-quality loan portfolio [3] Retail Banking Highlights - The mobile primary customer base grew by 174,000, primarily in Germany, the Netherlands, Spain, and Poland [4] - Retail core deposits increased by €17 billion, mainly in Germany, and core lending rose by €9 billion, with €6 billion in residential mortgages [4] - Mortgage applications surged to 125,000, a 20% increase year-on-year, and retail fee income rose by 18% year-on-year [4] Wholesale Banking Insights - Total income remained stable, with strong results in Financial Markets despite muted lending volumes [5] - Fee income in Wholesale Banking increased quarter-on-quarter, driven by higher fees from Global Capital Markets and Trade Finance [5] Sustainability Initiatives - ING mobilized €30 billion in sustainable volume, a 23% increase compared to last year, and launched services to assist customers in reducing their environmental footprint [6][8] Shareholder Returns - The company announced a €2.0 billion share buyback program as part of its strategy to move capital towards target levels [7][8] CEO's Perspective - The CEO emphasized the bank's role in supporting growth amid geopolitical and macroeconomic uncertainties, highlighting the importance of understanding client needs [2][9]

Financial Data and Key Metrics Changes - The company reported revenue of $95.4 billion, up 5% year over year, and at the high end of the guidance range provided last quarter [5][23] - Diluted EPS was $1.65, an increase of 8% year over year, marking a March record [5][25] - Gross margin was 47.1%, up 20 basis points sequentially, while product gross margin was 35.9%, down 340 basis points sequentially [24][25] Business Line Data and Key Metrics Changes - iPhone revenue reached $46.8 billion, up 2% year over year, driven by the iPhone 16 family [8][26] - Mac revenue was $7.9 billion, a 7% increase year over year, attributed to new MacBook models [10][28] - iPad revenue was $6.4 billion, up 15% year over year, driven by the new M3 powered iPad Air [11][29] - Wearables, Home and Accessories revenue was $7.5 billion, down 5% year over year [12][30] - Services revenue hit an all-time high of $26.6 billion, up 12% year over year, with strong performance across all categories [14][31] Market Data and Key Metrics Changes - The company set quarterly records in various countries, including the UK, Spain, Brazil, and India [6] - The installed base of active devices reached an all-time high across all product categories and geographic segments [23] Company Strategy and Development Direction - The company plans to invest $500 billion over the next four years to expand teams and facilities across several states in the U.S. [6] - The company aims to source over 19 billion chips from various states, with significant production in Arizona [7][8] - The focus remains on innovation and enhancing customer experiences through new product features and services [5][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to build the world's best products and services despite macroeconomic uncertainties [22] - The company anticipates low to mid-single-digit revenue growth for the June quarter, factoring in potential tariff impacts [38] - Management noted that the impact of tariffs for the June quarter is estimated at $900 million, but future impacts remain uncertain [21][38] Other Important Information - The company returned $29 billion to shareholders, including $3.8 billion in dividends and $25 billion through share repurchases [35] - The dividend was raised by 4% to $0.26 per share, with plans for annual increases [36] Q&A Session Summary Question: Impact of tariffs on iPhone sourcing - Management indicated that the majority of iPhones sold in the U.S. are expected to have India as their country of origin, with Vietnam being the source for most iPads and Macs [42][43] Question: Sell-in and sell-through alignment - Management stated there was no significant evidence of a pull forward in demand due to tariffs, with channel inventory remaining stable [48] Question: Future tariff impacts - Management refrained from predicting future tariff impacts, citing ongoing investigations and uncertainties [53] Question: Performance in China - Management noted a 2% decline in China but highlighted sequential improvement and strong performance in urban areas [56][58] Question: Trade policy uncertainty - Management emphasized ongoing engagement in tariff discussions and the importance of optimizing supply chains [62] Question: Gross margin trajectory - Management discussed the complexities of gross margin management, noting that new product cycles typically have higher costs initially [80][81] Question: Developer behavior in Europe - Management acknowledged the impact of the Digital Markets Act and noted that results reflect some changes in developer behavior [84] Question: Supply chain resiliency - Management highlighted the importance of diversifying supply sources to mitigate risks associated with having everything in one location [91]

Financial Data and Key Metrics Changes - The company reported revenue of $95.4 billion, up 5% year over year, and diluted EPS of $1.65, an 8% increase year over year [4][24] - Gross margin was 47.1%, up 20 basis points sequentially, while product gross margin was 35.9%, down 340 basis points sequentially [22][24] - Net income reached $24.8 billion, with operating cash flow at $24 billion [24] Business Line Data and Key Metrics Changes - iPhone revenue was $46.8 billion, up 2% year over year, with a record high in the active installed base [6][24] - Mac revenue increased to $7.9 billion, a 7% rise year over year, driven by new models [8][26] - iPad revenue was $6.4 billion, up 15% year over year, with strong performance from the new M3 powered iPad Air [10][27] - Wearables, Home, and Accessories revenue decreased to $7.5 billion, down 5% year over year [11][29] - Services revenue reached an all-time high of $26.6 billion, up 12% year over year, with strong growth across all categories [13][30] Market Data and Key Metrics Changes - The company achieved growth in the majority of markets tracked, with double-digit growth in both developed and emerging markets [22][23] - The installed base of active devices reached an all-time high across all product categories and geographic segments [22] Company Strategy and Development Direction - The company plans to invest $500 billion over the next four years to expand teams and facilities across several states [5] - The strategy includes sourcing more than 19 billion chips from various states, with significant production in Arizona [6] - The company is focused on innovation and sustainability, aiming for carbon neutrality across its supply chain by 2030 [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continuing to build the world's best products and services, despite uncertainties in the macroeconomic environment [21][36] - The company anticipates low to mid-single-digit revenue growth for the June quarter, factoring in potential tariff impacts [36] Other Important Information - The company returned $29 billion to shareholders, including $3.8 billion in dividends and $25 billion in share repurchases [34][35] - The dividend was raised by 4% to $0.26 per share, with plans for annual increases [35] Q&A Session Summary Question: Tariff impact and sourcing from India - Management indicated that the majority of iPhones sold in the U.S. are expected to have India as their country of origin by the end of the fiscal year [38][40] Question: Sell-in and sell-through alignment - Management noted no significant evidence of a pull forward in demand due to tariffs, with channel inventory remaining stable [44][45] Question: Future tariff impacts - Management refrained from predicting future tariff impacts, citing ongoing investigations and uncertainties [50][51] Question: Gross margin trajectory - Management discussed the complexities of gross margin management, emphasizing the importance of product cycles and cost structures [73][76] Question: Developer behavior in Europe - Management acknowledged the impact of the Digital Markets Act but did not provide specific insights on developer behavior [79][80] Question: AI strategy and foundational models - Management highlighted the importance of developing proprietary foundational models and the ongoing investment in R&D [122][115]

Core Points - Jacobs has been awarded a five-year contract by the West Basin Municipal Water District for operations and maintenance services at the Edward C. Little Water Recycling Facility, which is the largest water recycling operation in the U.S. [1][4] - The Edward C. Little Water Recycling Facility produces 40 million gallons of recycled water per day and offers five types of fit-for-purpose recycled water [2][3] - Jacobs will utilize its Digital OneWater suite, including Intelligent O&M, to enhance sustainability and operational efficiencies while optimizing chemical and power consumption [3][4] Company Overview - Jacobs generates approximately $12 billion in annual revenue and employs nearly 45,000 people, providing end-to-end services across various sectors including water, energy, and environmental services [5] - The company has a history of delivering and modernizing significant water infrastructure projects in California, enhancing the reliability and quality of water services [4][5] Industry Context - The West Basin Municipal Water District plays a crucial role in supplying quality recycled water as a sustainable resource to municipal, industrial, and commercial customers in coastal Los Angeles County [3][4] - The contract with Jacobs reflects West Basin's commitment to long-term performance and quality service in recycled water treatment [4]

Core Insights - WSP Global Inc. has released its 2024 Global Sustainability Report, marking the completion of its 2022-2024 reporting cycle and highlighting its commitment to sustainability across operations [1][2] Group 1: 2024 Highlights - WSP reported an all-time high of 65.1% of annualized revenues linked to Sustainable Development Goals (SDG), an increase from 63.4% in 2023 [7] - The company achieved a 68% reduction in total scope 1 and scope 2 greenhouse gas emissions and a 17% reduction in scope 3 emissions compared to a 2018 baseline [7] - WSP increased its global average employee retention rate by approximately 3.7% from 2023 and filled 78% of global leadership positions internally [7] - The company received recognition from Ethisphere for its strong ethical values, achieving a third consecutive Compliance Leader Verification [7] - WSP maintained its placements in the Dow Jones Best-in-Class North America Index and Corporate Knights' Global 100 Most Sustainable Corporations for 2025 [7] Group 2: Future Sustainability Targets - WSP has set new sustainability ambitions and targets for 2025-2027, which are designed to align with its strategic and financial goals [3] - The 2025-2027 Global Strategic Action Plan will detail how WSP aims to continue its progress in sustainability [3]

Vow ASA has today published its Annual and Sustainability Report for 2024, as approved by the Board of Directors. The report, including the ESEF file, is enclosed and is also available on the company’s website: www.vowasa.com under Investor Relations: https://www.vowasa.com/investor/results-reports. Subsequent to year-end, the Group recognised a non-cash impairment loss on its investment in Vow Green Metals AS. In connection with events occurring after the reporting period, management concluded that the quo ...

Financial Data and Key Metrics Changes - For Q1 2025, the company reported core FFO of $0.19 per diluted share, with same store property cash NOI up 0.4% excluding nonrecurring revenue items from Q1 2024 [27] - Expenses increased approximately 5% year over year, driven by real estate taxes, payroll costs, and repair and maintenance costs, partially offset by higher tenant reimbursement income and growth in rental revenue [27][28] - The company maintains its guidance for core FFO of $0.86 to $0.89 for 2025, with unchanged NOI guidance for the Observatory at $97 million to $102 million [28][29] Business Line Data and Key Metrics Changes - The commercial portfolio leased a total of 231,000 square feet in Q1 2025, including significant renewals and expansions with notable tenants [13][14] - The Manhattan office portfolio is 93% leased, with a slight decrease from 94.2% in the previous quarter, but the company expects occupancy gains by year-end 2025 [13][19] - The multifamily portfolio achieved 99% occupancy with 8% year-over-year rent growth in Q1 2025 [16] Market Data and Key Metrics Changes - The leasing environment in New York City remains active, particularly for modernized buildings near mass transit, with the company achieving its fifteenth consecutive year of positive mark to market rent spreads [9][16] - The Observatory generated NOI of approximately $15 million, with visitation down 0.6% year over year, attributed to weather conditions and the timing of the Easter holiday [9][28] - Approximately 50% of Observatory visitors are domestic, with no single region contributing more than 10% of total visitation, indicating a broad international exposure [11] Company Strategy and Development Direction - The company focuses on five priorities: leasing space, selling tickets to the Observatory, managing the balance sheet, identifying growth opportunities, and achieving sustainability goals [12][72] - The company is well-positioned to navigate economic uncertainties due to its diversified income streams and strong balance sheet, allowing for flexibility in leasing and maintenance [7][22] - The company actively underwrites deals across retail, multifamily, and office sectors, with a focus on New York City, and is prepared to act on opportunities to enhance growth [25][26] Management's Comments on Operating Environment and Future Outlook - Management acknowledges potential macroeconomic risks but remains optimistic about the company's strong position due to long-term leases and a diverse tenant base [6][7] - The company is focused on maintaining operational excellence and controlling costs while monitoring external factors that could impact tourism and economic growth [21][22] - Management emphasizes the importance of transparency and adaptability in the current uncertain environment, particularly regarding tourism and consumer behavior [21][22] Other Important Information - The company repaid $100 million in Series A unsecured notes and $120 million in revolving credit facility balance during the quarter, maintaining a proactive approach to managing its balance sheet [23] - The company has the lowest leverage among New York City-focused REITs at 5.2 times net debt to EBITDA as of quarter-end [23] Q&A Session Summary Question: How are leasing conversations unfolding with different tenant categories? - Management noted no change in lease negotiations across various tenant categories in the last sixty days, indicating strong activity and interest [33][34] Question: What is the expected trend for CapEx in the coming years? - Management provided insights on CapEx, indicating a reduction in leasing commissions and building improvements as the portfolio stabilizes, with a good run rate expected moving forward [35][38] Question: How is the Williamsburg leasing progressing? - Management reported strong activity in Williamsburg, with high interest from recognizable brand names and a 94% lease rate across the retail portfolio [40][43] Question: How does the company prioritize capital allocation opportunities? - Management emphasized a balanced approach to capital allocation, focusing on operating runway and potential investment opportunities while being measured in share buybacks [44][45] Question: What is the company's perspective on tourism and potential impacts from geopolitical tensions? - Management has not detected significant shifts in demand and remains focused on operational discipline and marketing strategies to mitigate any potential declines in tourism [56][57]

Core Points - Atos will hold its Annual General Meeting on June 13, 2025, to approve the 2024 financial statements and discuss changes in the Board of Directors [1][2][3] Board Composition Changes - The Board of Directors has proposed changes to its composition, which will be submitted for approval at the upcoming General Meeting [2] - Elizabeth Tinkham will not seek renewal of her term, which will expire at the end of the General Meeting [3] - If approved, the Board will consist of eight members (excluding the employee representative) and one censor, with 87.5% independent members (seven out of eight) and 50% women, representing six nationalities [4][22] Director Renewals and Appointments - The Board will propose the renewal of terms for Françoise Mercadal-Delasalles and Jean-Jacques Morin, both expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Surojit Chatterjee will be appointed as a new independent director, also expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Mandy Metten's appointment as a censor will be ratified for one year, expiring at the end of the General Meeting for the fiscal year ending December 31, 2025 [7] Leadership Statements - Philippe Salle, Chairman and CEO of Atos, expressed satisfaction with the upcoming appointments and renewals, emphasizing their importance for the Board's effectiveness and capabilities [5] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [19] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, providing tailored solutions across various industries in 68 countries [19] - Atos is committed to decarbonization and aims to support clients in achieving secure and sustainable digital transformations [20]