本报讯 （记者陈潇）12月16日，环球新材国际控股有限公司（以下简称"环球新材国际"）发布公告称，拟发行价值10亿港 元的可换股债券，所得资金将用于补充运营资金、现有债项再融资以及一般企业用途，为公司长期战略落地提供坚实资本支 撑。此次发行不仅是公司优化资本结构的重要举措，更彰显其把握新材料产业发展机遇、深化全球化布局的战略决心。 公告显示，此次可换股债券面值设定为20亿港元，并可按10亿港元的整数倍数递增，扣除相关估计开支后，实际所得款项 净额约为9.81亿港元。债券条款显示，持有人有权在到期时将债券兑换成公司普通股，初始换股价定为10.19港元/股，按此计 算，该批债券最高可转换为9813万股换股股份，占公司目前已发行股份总数的7.92%，转股完成后占总发行股份总数的7.34%。 本次可转债发行由香港上海汇丰银行有限公司及德意志银行香港分行联合经办，彰显国际资本市场对公司发展前景的认 可。同时公司拟向维也纳证券交易所营运的ViennaMTF（或其他国际认可证券交易所）申请债券上市，并向香港联交所申请换 股股份上市，进一步拓宽国际资本对接渠道。 根据财报显示，2025年上半年环球新材国际实现收入9.12亿元 ...

AptarGroup (ATR) Q2 2025 Earnings Call August 01, 2025 09:00 AM ET Company ParticipantsMary Skafidas - Senior VP of IR & Corporate CommunicationsStephan Tanda - President, CEO & Executive DirectorVanessa Kanu - Executive VP & CFOGeorge Staphos - Managing DirectorConference Call ParticipantsGhansham Panjabi - Senior Research AnalystMatthew Roberts - Equity Research AnalystDaniel Rizzo - VP - Research AnalystGabe Hajde - Research AnalystOperatorLadies and gentlemen, thank you for standing by, and welcome to A ...

Summary of the Conference Call Company Overview - The company discussed is Aptar, which operates primarily in the pharmaceutical, beauty, personal care, home care, food, and beverage sectors [2][3][5] - Approximately 46% of Aptar's business is in the pharmaceutical sector, which is the most profitable and rapidly growing segment [3][11] Key Business Segments Pharmaceutical Business - The pharmaceutical segment includes proprietary dispensing devices such as nasal sprays and injectables, notably GLP-1 [3][11] - The company has increased its core sales growth rate for the pharmaceutical business to 7-11% from a previous range of 6-10% [11] - The pharmaceutical business has a compound annual growth rate (CAGR) of about 8% over the last decade [11] - The segment contributes nearly 70% of the company's EBITDA [17] Beauty and Personal Care - The beauty segment has faced challenges but is expected to improve due to cost improvements and productivity enhancements [12][34] - China is a significant market for beauty products, with the average consumer basket containing twice as many beauty products compared to the West [34][55] - The company has undergone a significant renovation process in its beauty business, including upgrading assets and reducing non-competitive plants [34] Closures Business - The closures segment is known for innovative products like the upside-down ketchup bottle, which has expanded into various condiments and personal care products [36][38] - This segment is primarily US-focused and has been able to drive growth through converting markets to use Aptar's products [41] Financial Performance and Targets - The adjusted EBITDA target for the total company has been increased to 21-23% [11] - The return on invested capital target has been raised to 11-13% [11] - The company has returned nearly $800 million to shareholders through dividends and share buybacks from 2019 to 2024 [13] - The company maintains a strong balance sheet with a leverage ratio of 1.16, allowing for continued investment in growth opportunities [14] Sustainability and Competitive Advantage - Sustainability is a core part of Aptar's business model, providing a competitive advantage [7][15] - The company has received recognition for its sustainability efforts, including being in the top 1% of companies ranked by EcoVadis [15][16] Market Trends and Growth Drivers - There is a trend of repurposing existing drugs for nasal delivery, which is driving growth in the pharmaceutical segment [22][24] - The rise in allergic rhinitis cases, particularly in Asia, is another growth driver for the pharmaceutical business [24][25] - The company benefits from its intellectual property, allowing it to maintain revenue even when products go generic or over-the-counter [25][26] Customer Dynamics and Market Conditions - Customer conversations indicate a cautious approach to strategic actions due to ongoing tariff uncertainties [45][46] - The company has observed a resurgence in consumer confidence in China, which is expected to positively impact the beauty segment [54][55] Conclusion - Aptar is positioned for long-term growth with a focus on innovation, sustainability, and a strong balance sheet, despite facing challenges in certain segments [11][12][14]