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Liquidity Services Appoints Paul J. Hennessy to its Board of Directors
Globenewswire· 2025-06-19 20:15
Core Insights - Liquidity Services has appointed Paul J. Hennessy to its board of directors effective October 1, 2025, where he will also serve on the Corporate Governance and Nominating Committee and the Audit Committee [1][2] Company Overview - Liquidity Services operates the world's largest B2B e-commerce marketplace platform for surplus assets, having completed over $10 billion in transactions to more than five million qualified buyers and 15,000 corporate and government sellers globally [3] Leadership Experience - Paul J. Hennessy brings over 30 years of leadership experience in technology-enabled marketplaces, having served as CEO of Shutterstock, Inc. since July 2022, and previously held CEO positions at Vroom, Inc. and Priceline.com [2][3] - Hennessy's background includes significant roles in marketing and distribution at Booking.com and Priceline.com, showcasing his expertise in growing innovative marketplace businesses [2] Strategic Focus - Hennessy expressed his commitment to advancing Liquidity Services' strategic priorities and contributing to its success in the circular economy [3] - The company aims to enhance its market presence and service offerings while pursuing emerging opportunities for long-term growth [2]
LG Energy Solution and Toyota Tsusho Establish a Battery Recycling Joint Venture in the U.S.
Prnewswire· 2025-06-19 04:01
Core Viewpoint - The establishment of Green Metals Battery Innovations, LLC, a joint venture between LG Energy Solution and Toyota Tsusho Corporation, aims to enhance battery recycling efforts and promote a circular economy in the battery supply chain [1][5][9]. Company Overview - LG Energy Solution is a leading global manufacturer of lithium-ion batteries, with over 69,600 patents and a commitment to achieving carbon neutrality by 2050 [7]. Joint Venture Details - The joint venture will construct a pre-processing plant in Winston-Salem, North Carolina, to extract black mass from battery production scrap [1][9]. - The facility is expected to commence operations in 2026, with a processing capacity of 13,500 tons of scrap annually, equivalent to over 40,000 automotive batteries [3][9]. Recycling Process - The pre-processing plant will dismantle and shred battery production scrap to extract valuable raw metals such as nickel, cobalt, and lithium [2][4]. - The extracted black mass will undergo a post-processing stage to recover raw materials for new battery production, aiming to establish a closed-loop system [4][9]. Environmental Impact - The collaboration seeks to drive down carbon emissions through circular economy initiatives, enhancing the recycling infrastructure in North America [5][6].
Aramis Group - 2025 half-year financial report release
Globenewswire· 2025-06-13 15:51
Core Insights - Aramis Group has filed its 2025 half-year financial report with the French Financial Markets Authority, covering the period ended March 31, 2025 [2] - The financial report is accessible on the company's website under the "Investors / Regulated information" section [2] Company Overview - Aramis Group is the European leader in B2C online used car sales, operating in six countries [2] - The company has been a pioneer in vehicle refurbishing and is focused on sustainable mobility as part of the circular economy [2] - Founded in 2001, Aramis Group has over 20 years of market experience, emphasizing customer satisfaction and digital technology [2] - The company generates annual revenues exceeding €2 billion and sells more than 110,000 vehicles B2C annually [2] - Aramis Group attracts nearly 70 million visitors across its digital platforms each year and employs over 2,400 people [2] - The company operates eight industrial-scale refurbishing centers throughout Europe and is listed on Euronext Paris Compartment B [2]
Graphic Packaging Company (GPK) 2025 Conference Transcript
2025-06-11 20:15
Financial Data and Key Metrics Changes - The company reported an expectation for EBITDA in the range of $330 million to $340 million for the quarter, indicating a positive outlook on inventory reductions and production alignment with demand [20] - Overall volume is exceeding expectations slightly, with a more stable performance compared to the previously anticipated decline of 2% [18] Business Line Data and Key Metrics Changes - The company has approximately 40% of its business in food packaging and about 25% in beverage packaging, with a noted shift towards sustainable packaging solutions [8][9] - The health and beauty segment, which constitutes about 4% of the company, is experiencing uneven performance, with better results in health products compared to beauty products [45] Market Data and Key Metrics Changes - The coated recycled paperboard market in North America is about 2.7 million tons, with recent closures of 390,000 tons of capacity, representing 14% of the market [15][16] - Backlogs for coated recycled paperboard and unbleached paperboard are at their highest levels in over two years, indicating a favorable supply-demand dynamic [53] Company Strategy and Development Direction - The company is focused on becoming a leading consumer packaging company, with a goal of achieving low single-digit organic growth and mid-single-digit EBITDA growth through innovation [12] - The Vision 2030 strategy aims to enhance cash flow generation and leverage new facilities, such as the Waco facility, to improve operational efficiency and profitability [13][58] Management's Comments on Operating Environment and Future Outlook - Management noted that promotional activity has been low across the consumer packaged goods (CPG) sector, impacting volume growth expectations [38] - The company remains optimistic about the long-term growth potential in the beverage and foodservice segments, despite current challenges in the core food market [44][40] Other Important Information - The company has announced a $1.5 billion share repurchase authorization, indicating a strong commitment to returning value to shareholders [60] - The Waco facility is expected to contribute $160 million in EBITDA improvement over two years, with $80 million anticipated in each of the following years [58] Q&A Session Summary Question: Can you clarify the capacity ramp-up for the Waco facility? - The Waco facility will take 12 to 18 months to ramp up to its full capacity of 550,000 tons, with closures of 490,000 tons from other facilities expected to balance the supply-demand dynamic [25][26] Question: How is the competitive positioning of Graphic Packaging relative to its peers? - The company believes it has a cost and quality advantage in the coated recycled paperboard market, positioning itself for long-term growth despite competitors closing facilities [30][31] Question: What are the implications of current consumer behavior on promotional activities? - Management observed that many CPGs are maintaining pricing stability and have opted for lower promotional activity, which has led to modest volume declines [38][39]
Safe and Green Development Announces Strategic Plan to Unlock Shareholder Value Post-Acquisition
Prnewswire· 2025-06-11 12:52
Core Insights - Safe and Green Development Corporation's subsidiary, Resource Group US Holdings LLC, is expanding into high-value potting media and soil substrates using advanced milling technology [1][2] - The company aims to transition from commodity compost to higher-value markets, introducing sustainable products under the "Renewable Earth™" brand, with potential pricing reaching approximately $150 per ton, which is up to five times the value of traditional compost [1][2] - The implementation of Microtec milling technology, which has over 90 global installations, is expected to enhance production capabilities and market access [1][2] Company Overview - Safe and Green Development Corporation focuses on real estate development, particularly in green housing projects across the United States, and wholly owns Resource Group US Holdings LLC, which operates an organics processing facility in Florida [3] - Resource processes source-separated green waste and is expanding into sustainable, high-margin soil products through advanced milling technology [3] - The company also owns Majestic World Holdings LLC, which has developed a real estate AI platform to enhance transaction efficiency and increase margins on home sales [3] Market Potential - The introduction of the Renewable Earth product line is expected to create circular economic value by reducing reliance on environmentally harmful materials like peat and imported coir [2][5] - The company is positioned to lead in sustainable soil solutions for the horticulture, agriculture, and consumer landscaping sectors, focusing on performance, sustainability, and impact [2][5] - Resource's logistics and proprietary processing capabilities are expected to unlock a scalable and environmentally responsible business model with attractive margins and robust growth potential [2][5]
Liquidity Services to Present at the 15th Annual East Coast IDEAS Investor Conference
Globenewswire· 2025-06-02 20:30
Company Overview - Liquidity Services (NASDAQ: LQDT) is a leading global e-commerce company focused on the circular economy, operating the world's largest B2B e-commerce marketplace platform for surplus assets [3] - The company has completed over $10 billion in transactions, serving more than five million qualified buyers and 15,000 corporate and government sellers worldwide [3] Upcoming Events - Liquidity Services will present at the East Coast IDEAS Investor Conference on June 11, 2025, at 10:00 AM ET in New York, NY [1] - The presentation will be available as a webcast on the East Coast IDEAS conference page and the Liquidity Services Investor Relations page [2] Sustainability Efforts - The company supports clients' sustainability initiatives by extending the life of assets, preventing waste and carbon emissions, and reducing landfill contributions [3]
Lassila & Tikanojan kuormalavojen korjaus- ja kierrätysliiketoiminta kasvaa Stena Recyclingin kuormalavaliiketoiminnan liiketoimintakaupan myötä 2.6.2025 alkaen
Globenewswire· 2025-06-02 11:00
Mediatiedote 2.6.2025 klo 14.00 Lassila & Tikanojan kuormalavojen korjaus- ja kierrätysliiketoiminta kasvaa Stena Recyclingin kuormalavaliiketoiminnan liiketoimintakaupan myötä 2.6.2025 alkaen Lassila & Tikanoja allekirjoitti 16.10.2024 sopimuksen Stena Recycling Oy:n kuormalavojen korjaus-, vuokraus- ja myyntiliiketoiminnan ostamisesta. Kilpailu- ja kuluttajavirasto hyväksyi liiketoimintakaupan 16.5.2025. 2.6.2025 toteutetulla kaupalla Stena Recycling Oy:n kuormalavaliiketoiminta siirtyy L&T Ympäristöp ...
Bion Announces First Offtake Commitments for its Organic Nitrogen Fertilizer
Globenewswire· 2025-05-27 12:20
Core Viewpoint - Bion Environmental Technologies, Inc. has received initial Letters of Interest (LOIs) for its OMRI Listed nitrogen fertilizer from two major distributors on the West Coast, indicating strong market demand for its products [1][4]. Group 1: Letters of Interest - Perfect Blend has executed an LOI for 50,000 gallons of fertilizer at $7.00 per pound, with the production facility location yet to be determined [2]. - Yield RMG has executed an LOI for 100,000 gallons at the same price of $7.00 per pound, also with the production facility location to be determined [3]. - The LOIs are non-binding until Bion identifies and commences development of projects to supply the products, after which delivery timelines and production capacity will be established [4]. Group 2: Market Strategy and Opportunities - Bion has retained Philo Consulting to represent its fertilizer products to distributors in the organic grower market, including specialty field crops [5]. - The company is exploring niche agriculture markets related to indoor farming, such as vertical, hydroponic, and greenhouse systems, including cannabis [5]. - Bion is testing its products in the retail consumer segment and believes its organic products may appeal to turf and landscape applications, targeting parks, golf courses, and schools [5]. Group 3: Company Outlook - Craig Scott, Bion's CEO, expressed optimism about the transition from R&D to commercialization, highlighting demonstrated demand for their fertilizer products at attractive pricing [6]. - The company is entering new markets with demand for its products and anticipates additional offtake commitments that will support production [7]. - Bion's patented Ammonia Recovery System (ARS) aligns with global trends toward circular economy models and low-carbon agriculture, producing organic fertilizers from ammonia generated during biogas production [7].
Elis Capital Markets Day 2025
Globenewswire· 2025-05-27 06:00
Core Insights - Elis is positioned for profitable and sustainable growth through a financial strategy aimed at enhancing shareholder returns [1][5] Group Strategy and Financial Outlook - The company operates in 31 countries with a high-margin business model designed for sustainable growth [3] - CEO Xavier Martiré emphasized the strength of the company's model, highlighting its profitability and responsibility across various markets [4] - The focus for the coming years will be on deploying the current strategy while enhancing shareholder returns through operational excellence, sustainability, and financial discipline [5] Medium-term Financial Objectives - Elis targets revenue growth of +5% to +6% annually at constant exchange rates, with approximately +4% organic growth and +1% to +2% from acquisitions [7] - The company aims for an average annual EBITDA margin improvement of about +20 basis points and expects EBITDA, EBIT, and EPS growth to exceed revenue growth [7] - Cumulative free cash flow is projected to be around €1.5 billion from 2025 to 2028, a +35% increase compared to the previous four years [7] - Annual allocations of €50–150 million are planned for targeted acquisitions, while remaining cash will primarily enhance shareholder returns through dividends and share buybacks [7] Key Strategic Pillars 1. **Sustainable Services and Circular Economy** - Elis's circular rental model enhances operational efficiency and environmental leadership, with 69% of revenue aligned with the EU taxonomy in 2024 [6][8] 2. **Industrial and Commercial Excellence** - The company has improved industrial productivity by +45% in flat linen and +58% in workwear since 2007, with ongoing process optimization expected to yield an additional ~+2% annually [9] - Structural trends such as tighter hygiene standards and rising sustainability expectations support growth [9] 3. **Consolidation of Existing Positions** - Elis is reinforcing its presence in key geographies and expanding high-value-added services, generating €320 million in revenue in 2024 with strong organic growth [10] 4. **Network Expansion** - The company is diversifying geographically, focusing on high-growth potential countries, with significant success in Latin America and Europe [11]
Aramis Group - 2025 first-half results
Globenewswire· 2025-05-19 15:51
Core Insights - Aramis Group reported strong financial performance in the first half of 2025, achieving double-digit revenue growth and a doubling of adjusted EBITDA, confirming its annual targets for the fiscal year [2][5][36] Financial Performance - Total revenues reached €1,213.3 million, reflecting an organic growth of +10.5% compared to the first half of 2024 [5][6] - Adjusted EBITDA increased to €32.8 million, up +102.7% from €16.2 million in the same period last year [5][21] - Net income for the first half of 2025 was €6.4 million, a significant recovery from a loss of €13.3 million in the first half of 2024 [20][41] Sales and Volumes - The company sold nearly 61,000 vehicles to private customers, marking a +10.2% increase in total B2C volumes compared to the first half of 2024 [2][4] - Refurbished car sales accounted for €806.5 million, up +10.3%, while pre-registered car sales reached €271.9 million, up +16.5% [6][10] Customer Satisfaction - Customer satisfaction remains high, with a Net Promoter Score (NPS) of 72, among the best in the industry, supported by an employee NPS of 55 [5][11] Market Position - Aramis Group continues to outperform the used car market, gaining market share in the segment of vehicles under 8 years old by 12 points [11][12] - The company has made significant progress in its strategic plan, including the unification of brand platforms across all geographies [2][5] Cash Flow and Debt Management - Cash generation for the first half of 2025 was €23.7 million, aided by improved operating working capital, which decreased to 24 days from 27 days year-over-year [5][25] - Net debt was reduced to €47.4 million from €61.0 million at the end of September 2024 [5][27] Geographic Performance - Revenue growth varied by country, with Belgium showing a notable increase of +18.9% and the United Kingdom at +19.0%, while Austria experienced a decline of -5.2% [7][15][16]