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Sogeclair: consolidated turnover for the 1st half of 2025 : +1,9% at €80.6M
Globenewswire· 2025-07-16 15:35
Core Insights - SOGECLAIR reported a consolidated turnover of €80.6 million for the first half of 2025, reflecting a growth of 1.9% compared to the same period in 2024, and 1.7% at constant exchange rates [1][2][19] Financial Performance - The turnover for Q2 2025 remained stable with a slight decrease of 0.7% at constant exchange rates and perimeter [2] - The Commercial Aviation sector accounted for 35.8% of turnover, stabilizing at a decrease of 0.5% compared to H1 2024 due to a lack of new program developments [3] - The Business Aviation sector, representing 34.1% of turnover, saw a decline of 2.6%, influenced by an uncertain political climate in North America and a challenging comparison to H1 2024, which had a growth of 12.5% [3] - The Defense market, contributing 14.2% of turnover, experienced significant growth of 36.7% in the first half [4] - The Automotive sector, making up 7.0% of turnover, declined by 7.8% due to a difficult market environment [4] - The Rail market, representing 5.7% of turnover, saw a slight decline of 1.0% [4] - Space turnover increased by 6.3%, accounting for 2.2% of total turnover [4] Geographical Performance - Turnover in France increased by 4.4% to €55.1 million, representing 68.4% of total turnover [7] - The European market (excluding France) grew significantly by 29.6% to €4.1 million, representing 5.1% of total turnover [7][9] - The Americas saw a decline of 6.9%, with turnover at €18.8 million, representing 23.4% of total turnover [7][9] - The Asia-Pacific region, contributing 3.0% of turnover, decreased by 13.0% to €2.4 million [7][10] Business Unit Analysis - The Engineering Business Unit generated €41.9 million, accounting for 52.0% of turnover, with a growth of 9.4% [11][12] - The Solutions Business Unit reported a turnover of €38.7 million, representing 48.0% of turnover, but declined by 5.2% [11][14] - The growth in the Engineering BU was driven by strong performance in the Defense sector (+42.9%) and Business Aviation (+7.6%) [12][13] - The Solutions BU faced challenges due to a high base effect from H1 2024 and a decline in production activities [14][15] Future Outlook - Despite geopolitical and economic challenges, SOGECLAIR anticipates continued profitable growth for the fifth consecutive year since the Covid crisis [19] - The company is implementing various action plans aimed at improving commercial and operational performance, with expected positive effects by the end of 2025 and into 2026 [19] - Ongoing digitization efforts will focus on enhancing sales activities and improving production efficiency [20]
ACV Auctions: Strong Liquidity, AI-Driven Profit In An Uncertain World
Seeking Alpha· 2025-07-16 11:54
Company Overview - ACV Auctions (NYSE: ACVA) is a leading digital automotive marketplace and data services provider, founded in 2014 and headquartered in Buffalo, New York [1] - The company operates a digital platform that connects dealers and commercial clients for selling, sourcing, and managing used vehicles efficiently [1] Business Model - ACV Auctions utilizes an asset-light business model, which allows for flexibility and scalability in operations [1] Market Position - The company is positioned as a significant player in the digital automotive marketplace, focusing on enhancing the efficiency of used vehicle transactions [1]
Sono Group N.V. to Update at the Emerging Growth Conference on July 17, 2025
Globenewswire· 2025-07-16 11:31
Core Points - Sono Group N.V. will provide an update at the Emerging Growth Conference on July 17, 2025, focusing on market traction, collaborations, and plans for uplisting to a major national exchange [1][2] - The presentation will be led by Managing Director and CEO George O'Leary, scheduled for a 10-minute slot at 3:25 PM Eastern Time [2] - An archived webcast of the presentation will be available for those unable to attend live [3] Company Overview - Sono Group N.V. and its subsidiary Sono Motors GmbH aim to revolutionize mobility by integrating solar technology into commercial vehicles, reducing CO2 emissions [6] - The company is focused on retrofitting and integrating solar technology onto third-party vehicles as part of its business strategy [8]
X @Bloomberg
Bloomberg· 2025-07-16 04:10
Cupra and Dacia, a pair of successful European automotive disruptors, show the industry gloom is overdone, writes @chrismbryant (via @opinion) https://t.co/JpMXJzdbfU ...
X @Bloomberg
Bloomberg· 2025-07-15 18:56
Competitive Strategy - Ford's Bob Holycross emphasizes the importance of understanding competitor vehicles, particularly in the EV space with competition from China [1] - Ford believes that if its engineers are not actively learning from competitors, it indicates a significant problem [1]
Aether Catalyst Solutions, Inc. Begins Trading on the OTCQB Under the Symbol ATHHF
Newsfile· 2025-07-15 12:52
Company Overview - Aether Catalyst Solutions, Inc. has begun trading on the OTCQB under the ticker symbol ATHHF while continuing its primary listing on the Canadian Securities Exchange as ATHR [1] - The company aims to significantly reduce costs associated with automotive catalytic converter catalysts while meeting or exceeding government emission standards [4] Market Listing and Compliance - To qualify for OTCQB, companies must adhere to high financial standards, best practice corporate governance, and comply with applicable securities laws, which enhances transparency for U.S. investors [2] - The OTCQB listing is a significant milestone for companies looking to provide transparent trading options for U.S. investors [2] Technology and Development Focus - Aether is focused on rapidly advancing its technology through the screening of new materials to improve end-of-life conversion levels after accelerated aging [4] - In addition to automotive applications, Aether is also developing catalysts aimed at reducing emissions from small motors, which contribute significantly to urban air pollution [4]
Roadzen Expands UK Footprint Through Partnership with One of UK’s Largest Independent Used Vehicle Retailers
GlobeNewswire· 2025-07-15 12:30
Global Insurance Management is a leading UK-based insurance services provider and a wholly owned subsidiary of Roadzen Inc. The company specializes in delivering technology-led solutions across motor insurance distribution, administration, claims management, and customer support. Serving a wide network of financial institutions, motor retailers, and insurers, Global integrates innovation with regulatory compliance to support value-driven insurance programs and protection products throughout the automotive i ...
X @Tesla Owners Silicon Valley
Tesla Owners Silicon Valley· 2025-07-15 05:33
BREAKING: Inauguration of the 'Tesla Experience Center' in India https://t.co/FJHrsGoqfa ...
Allison Transmission partners with Maryland Transit Administration to bring eGen Flex®-Equipped Electric Hybrid Buses to Baltimore
Prnewswire· 2025-07-14 20:10
Core Insights - Allison Transmission's eGen Flex hybrid propulsion system has been selected by the Maryland Department of Transportation for use in New Flyer buses in the Baltimore metropolitan area, with production set for 2025 [1][4] - The eGen Flex system aims to enhance public transportation efficiency and assist cities in reducing their carbon emissions [2][3] Technology and Benefits - The eGen Flex system features innovative geofencing technology, allowing buses to operate up to 50% of their route in engine-off mode, significantly lowering emissions and noise [3] - The system also provides improved fuel economy, achieving up to 25% better fuel efficiency compared to traditional diesel buses, which offers financial advantages for municipalities [3] Company Overview - Allison Transmission is a leading designer and manufacturer of propulsion solutions for commercial and defense vehicles, and is the largest global manufacturer of medium- and heavy-duty fully automatic transmissions [5] - The company, founded in 1915 and headquartered in Indianapolis, Indiana, operates in over 150 countries and has regional headquarters in the Netherlands, China, and Brazil, along with manufacturing facilities in the USA, Hungary, and India [5]
X @Bloomberg
Bloomberg· 2025-07-14 17:25
Volvo is taking a one-off non-cash impairment charge of $1.2 billion in the second quarter due to model delays and the escalating cost of US tariffs https://t.co/3quommC8LD ...