Core Viewpoint - Amcor plc is a significant player in the packaging solutions industry, with a focus on flexible and rigid packaging for various sectors, including food and healthcare [1]. Company Overview - Amcor is headquartered in Zurich, Switzerland, and operates globally in the packaging sector [1]. - The company has a market capitalization of $11.9 billion, categorizing it as a large-cap company [2]. - Amcor primarily targets customers through a direct sales network, which has bolstered its market presence [2]. Stock Performance - Amcor's shares are currently trading approximately 28.1% below their 52-week high of $11.48 [3]. - Over the past three months, the stock has decreased nearly 8%, underperforming compared to the Materials Select Sector SPDR Fund (XLB), which gained 4.6% [3]. - In the last 52 weeks, AMCR stock has declined by 24.3%, and year-to-date, it is down 12.3% [4]. - The stock has been in a prolonged downtrend, falling below its 200-day moving average since March and remaining under its 50-day moving average since mid-August [4]. Recent Financial Results - On August 14, Amcor reported its Q4 fiscal 2025 results, revealing a revenue increase of 43.8% year-over-year to $5.08 billion, although it fell short of the $5.17 billion expected by analysts [5]. - The adjusted EPS was $0.20, down 5.2% from the previous year and below the $0.21 forecasted by analysts [5]. - Despite the disappointing results, management reaffirmed confidence in achieving total pre-tax synergy benefits of $650 million by the end of fiscal 2028 from the acquisition of Berry Global [5]. - The company is on track to deliver $260 million of pre-tax synergy benefits in fiscal 2026, resulting in a 12% accretion from the integration [5]. Future Outlook - Amcor anticipates adjusted EPS of approximately $0.80 to $0.83 for fiscal 2026 [6]. - The company projects free cash flow to be between $1.8 billion and $1.9 billion, after accounting for nearly $220 million in net cash integration and transaction costs related to the Berry Global acquisition [6].

Core Insights - TOUAX demonstrates resilience and adaptability in a challenging global economic environment, marked by geopolitical tensions and slower European growth [2][3] - The business model's strength is reflected in increased operating profitability and revenue growth, particularly in the Containers division [3][4] Financial Performance - Restated revenue from activities reached €83.7 million as of June 30, 2025, an increase of €3.2 million (+4.0%) compared to June 2024 [4][11] - Operating EBITDA rose to €30.5 million, a €0.5 million increase (+1.7%), supported by strong performance in the Containers division [4][22] - Group share of net profit was €2.5 million, down from €3.8 million in June 2024 (-35% year-over-year), but increased by +31% on a comparable basis after adjusting for non-recurring income [5][8] Revenue Breakdown by Division - Freight Railcars division revenue decreased to €28.0 million, down €1.2 million (-4.0%) due to a slowdown in the European intermodal market [14][15] - River Barges division revenue slightly increased to €8.2 million, driven by chartering activity on the Rhine basin [17] - Containers division revenue surged to €40.3 million, an increase of €6.2 million (+18.3%), indicating resilience in trade despite tariff negotiations [18][19] Operating Profitability - Operating EBITDA in the Freight Railcars division fell by €1.9 million (-11.5%) to €15.0 million, primarily due to declining leasing activity [22] - The Containers division saw a significant operating EBITDA increase of €3.9 million (+55.3%), attributed to growth in new container trading [24] - Operating EBITDA for the River Barges division decreased by €1.1 million (-28.2%) due to reduced management activity [23] Financial Structure - As of June 30, 2025, total assets amounted to €577.0 million, down 6% from December 2024 [9] - The Loan to Value (LTV) ratio increased to 63.7% from 59.0% in December 2024, reflecting the impact of exchange rate fluctuations [30] - Total equity decreased to €71.4 million, primarily due to negative currency translation adjustments related to the US Dollar [31] Outlook - The short-term outlook is mixed, with potential challenges from weak growth in the rail freight market and geopolitical uncertainties, but medium to long-term trends remain positive due to infrastructure projects and sustainability requirements [33] - The company plans to continue investing in innovation and improving customer service to create sustainable value for partners [34]

Core Insights - Import volumes in the US registered at 2,519,722 TEUs in August, reflecting a slight dip of 3.9% from July but a year-over-year increase of 1.6% from August 2024 [1] - China, the leading source of US imports, saw a significant decrease in volumes to 869,523 TEUs in August, down 5.8% from July and 10.8% year-over-year [2] - The overall import volumes from the top ten countries of origin for US containerized goods experienced a collective decrease of 4.4% month-over-month [2] Import Trends - South Korea, Japan, and Taiwan reported double-digit percentage decreases in their export volumes to the US, while Indonesia and India showed modest increases [3] - The first eight months of 2025 saw container import volumes in the US increase by 3.3% compared to the same period in 2024, indicating strong demand despite policy uncertainties [4] Tariff and Policy Impact - The sustained high import volumes highlight the sensitivity of US importers to tariff timings and ongoing trade policy shifts [3] - Key tariff measures are currently under legal challenge, which adds to the uncertainty faced by US importers as they navigate supply chain risks [5] - The Global Port Tracker report estimates that import volumes are likely to decline for the remainder of 2025 [5]

Core Viewpoint - TOUAX SCA is transferring its shares to the Euronext Growth Paris market to better align with its size and simplify administrative obligations while maintaining access to financial markets attractiveness [1][2]. Group 1: Transfer Details - The effective transfer of TOUAX SCA shares to Euronext Growth Paris is scheduled for August 13, 2025, following approval from the Euronext Admission Committee on August 7, 2025 [1]. - The ISIN code for the shares remains unchanged (FR0000033003), and the ticker symbol will change to ALTOU [3]. Group 2: Purpose of Transfer - The transfer aims to provide a regulatory framework more suited to the company's size, simplifying administrative obligations and reducing management costs [2]. Group 3: Company Overview - TOUAX is a leading leasing company in Europe, managing nearly 1.3 billion euros in tangible assets, including freight wagons, river barges, and containers [5]. - The company is currently listed on Euronext Paris Compartment C and included in various indices such as CAC® Small, CAC® Mid & Small, and EnterNext©PEA-PME 150 [5]. Group 4: Listing Sponsor - TOUAX has appointed Gilbert Dupont as its Listing Sponsor to assist with the transition to the Euronext Growth Paris market [4]. Group 5: Upcoming Events - A video conference to present half-year results will be held on September 18, 2025, in French, and on September 19, 2025, in English [7].

Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is included in the CAC® Small and CAC® Mid & Small indexes [4] - As of June 30, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,349,390 total voting rights [2]

Company Overview - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is part of the CAC® Small and CAC® Mid & Small indexes [4] Liquidity Contract Summary - As of June 30, 2025, the liquidity account under the contract with Gilbert Dupont Stockbrokers had executed a total of 811 purchase transactions for 61,684 shares, amounting to €258,058.55 [2] - The account also recorded 936 sale transactions for 64,781 shares, totaling €267,055.10 [2] Financial Performance - The liquidity account had a cash balance of €32,026 and held 7,255 shares as of the latest report [7] - Previous holdings included a cash balance of €23,029.37 with 10,352 shares [8] Transaction Details - The report details numerous transactions throughout the first half of 2025, indicating active trading and liquidity management [9][10][11][12]

Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is part of the CAC® Small and CAC® Mid & Small indexes [4] - As of May 31, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,335,228 total voting rights [2]

Company Overview - TOUAX Group specializes in leasing tangible assets such as freight railcars, river barges, and containers on a daily basis globally, both for its own account and on behalf of third-party investors [5] - The company manages €1.2 billion in assets, positioning itself as one of the European leaders in operational leasing of this equipment [5] - TOUAX SCA is listed on EURONEXT Paris Compartment C and is included in the CAC® Small and CAC® Mid & Small indexes [5] Shareholders' Meeting - The combined Annual Shareholders' Meeting is scheduled for June 12, 2025, at 3:00 p.m. at Châteauform' Learning Lab La Défense, Puteaux, France [2] - Official announcements regarding the meeting were published in the BALO on May 7, 2025 [2] - Shareholders can access relevant documents and information as per French laws, available on the company's website or upon request via mail or email [3][4]

Core Insights - The company reported a total restated revenue of €39.0 million for Q1 2025, representing a 7.2% increase compared to €36.4 million in Q1 2024 [2][8] - The growth in owned activity contributed €2.0 million, reflecting a 5.7% increase [8] Revenue Breakdown - Leasing revenue from owned equipment decreased to €17.1 million, down by €2.2 million from €19.4 million in Q1 2024 [3][9] - Ancillary services revenue increased to €4.7 million, up by €1.7 million compared to €3.0 million in Q1 2024 [3][9] - Sales of owned equipment rose to €14.7 million, an increase of €2.5 million from €12.2 million in the same period last year [3][9] Activity Performance - Revenue from management activity amounted to €2.2 million, showing a 24.9% increase over the previous year [4] - The Freight Railcars activity experienced a decline of €0.8 million (-5.7%), attributed to lower leasing revenue and maintenance contract volumes [11] - The River Barges activity saw an increase of €1.4 million (+46.1%), driven by strong performance in both owned and management activities [12] Market Trends - The company noted a mixed short-term outlook due to geopolitical issues and low European economic growth impacting intermodal rail transport [15] - However, the long-term trend remains positive, supported by growing demand for environmentally friendly transport solutions [16] Company Overview - TOUAX Group manages €1.3 billion in assets and is a leading player in the leasing of freight railcars, river barges, and containers [17]

Group 1 - TOUAX Group is a leader in operational leasing of tangible assets such as freight railcars, river barges, and containers, managing €1.2 billion in assets [4] - The company is listed on Euronext Paris and is part of the CAC® Small and CAC® Mid & Small indexes [4] - As of April 30, 2025, TOUAX has a total of 7,011,547 shares outstanding and 8,335,134 total voting rights [2]