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19.02.2024

Lectra: Financial statements for 2023

  • Revenues: 477.6 million euros (-6%)
  • EBITDA before non-recurring items: 79.0 million euros (-15%)
  • Net income: 32.6 million euros (-26%)
  • Free cash flow before non-recurring items: 45.3 million euros
  • Dividend: €0.36 per share

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2023. Audit procedures have been performed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 3.9 million euros (-3%) and 1.7 million euros (-8%) respectively in Q4, and by 11.2 million euros (-2%) and 4.8 million euros (-6%) respectively in the year, at actual exchange rates compared to like-for-like figures.

  • Revenues: 477.6 million euros (-6%)
  • EBITDA before non-recurring items: 79.0 million euros (-15%)
  • Net income: 32.6 million euros (-26%)
  • Free cash flow before non-recurring items: 45.3 million euros
  • Dividend: €0.36 per share

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2023. Audit procedures have been performed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 3.9 million euros (-3%) and 1.7 million euros (-8%) respectively in Q4, and by 11.2 million euros (-2%) and 4.8 million euros (-6%) respectively in the year, at actual exchange rates compared to like-for-like figures.

OUTLOOK
While the 2023 full-year results were affected by the adverse environment, they also attest to the substantial improvement in the fundamentals of the Group's business model, which will have a positive impact on 2024 results. Persistent macroeconomic and geopolitical uncertainties could nevertheless continue to weigh on investment decisions by the Group's customers.

While the most recent indicators seem to suggest that the situation is unlikely to deteriorate further, the timing and magnitude of a rebound in new system orders remain uncertain.

Outlook for 2024
To facilitate analysis, the accounts of Lectra excluding the Launchmetrics acquisition ("Lectra 2023 Scope") will be analysed separately from the Launchmetrics accounts in 2024.

The Group has based its 2024 objectives on the exchange rates in effect on December 29, 2023, in particular $1.10/€1. When converting 2023 results using the exchange rates retained for 2024, 2023 revenues are mechanically reduced by 4.7 million euros (to 472.9 million euros) and 2023 EBITDA before non-recurring items is reduced by 2.2 million euros (to 76.8 million euros). Thus, for the Lectra 2023 Scope, the comparisons between 2024 and 2023 printed below are based on constant exchange rates.

At this early stage of 2024, continuing low visibility regarding orders and revenues from new systems makes it impossible to predict the actual timing and scale of the future rebound in this area. On the other hand, visibility is high for recurring revenues, which accounted for 68% of total revenues in 2023 and will continue to grow in 2024.

In light of the above, Lectra has set as its objective for 2024, for the Lectra 2023 Scope, to achieve revenues in the range of 480 to 530 million euros (+2% to +12%) and EBITDA before non-recurring items in the range of 85 to 107 million euros (+10% to +40%).

The low end of the revenues range is based on the absence of a rebound in new systems orders, which would remain stable in 2024 relative to 2023, with a 6% decline in revenues from perpetual software licenses, equipment and accompanying software and non-recurring services, as the order backlog was lower on December 31, 2023 than a year before.

The high end of the revenues range reflects a gradual rebound in new systems orders, which at year-end 2024 would be back to year-end 2022 level.
 
In addition, Launchmetrics revenues (for the consolidation period from January 23 to December 31) are projected to be in the range of 42 to 46 million euros, with an EBITDA margin before non-recurring items of more than 15% (assuming an exchange rate of $1.10/€1).

Stefano Pigozzi Photo RadiciGroup
Stefano Pigozzi
30.01.2024

Stefano Pigozzi: New member at Board of Directors of Radici Partecipazioni SpA

RadiciGroup announced the appointment of Stefano Pigozzi to the Board of Directors of Radici Partecipazioni SpA, the parent company overseeing all the Group's business activities in the chemicals, engineering polymers and advanced textile solutions sectors.
 
A professional with proven experience in the chemical industry, Mr. Pigozzi will complement the Board with his strategic vision acquired in international organizations.
 
Stefano Pigozzi graduated from the University of St. Gallen in Switzerland with a degree in Business Administration and started his work experience in the finance division of BASF in the late 1980s. Since then, chemistry has remained at the centre of his career: over the years, he has held marketing and sales positions of increasing responsibility in various business sectors (plastics and inorganics), moving up to more strategic and managerial roles within BASF, including president of the Monomers Division and, most recently, head of the Group Global Purchasing Division at the Ludwigshafen headquarters.
 

RadiciGroup announced the appointment of Stefano Pigozzi to the Board of Directors of Radici Partecipazioni SpA, the parent company overseeing all the Group's business activities in the chemicals, engineering polymers and advanced textile solutions sectors.
 
A professional with proven experience in the chemical industry, Mr. Pigozzi will complement the Board with his strategic vision acquired in international organizations.
 
Stefano Pigozzi graduated from the University of St. Gallen in Switzerland with a degree in Business Administration and started his work experience in the finance division of BASF in the late 1980s. Since then, chemistry has remained at the centre of his career: over the years, he has held marketing and sales positions of increasing responsibility in various business sectors (plastics and inorganics), moving up to more strategic and managerial roles within BASF, including president of the Monomers Division and, most recently, head of the Group Global Purchasing Division at the Ludwigshafen headquarters.
 
During his more than 30-year career at BASF, Mr. Pigozzi has consistently demonstrated his leadership capability, his financial analysis skills and his dedication to corporate business success. He has also contributed significantly to the positioning of BASF as a global leader in the chemical industry.
 
Mr. Pigozzi’s appointment to the Board of Directors of Radici Partecipazioni is aimed at strengthening RadiciGroup's presence in the market and helping to guide the company towards new goals.

 

Source:

RadiciGroup

Carbios published Sustainability Report for 2022 (c) Carbios
29.12.2023

Carbios published 2022 Sustainability Report

CARBIOS published its second Sustainability Report with 2022 as the reference year. Like the first, this report is not subject to any publication obligation for the company, confirms CARBIOS' commitment and desire for transparency in terms of environmental, social and governance (ESG) initiatives.

In 2022, several objectives were achieved:

CARBIOS published its second Sustainability Report with 2022 as the reference year. Like the first, this report is not subject to any publication obligation for the company, confirms CARBIOS' commitment and desire for transparency in terms of environmental, social and governance (ESG) initiatives.

In 2022, several objectives were achieved:

  • Increase of the number of independent directors on the Board of Directors,
  • Completion of the first carbon footprint report to sustainably reduce greenhouse gas emissions,
  • Consolidation of the life cycle analysis (LCA) of the PET enzymatic depolymerization process,
  • Continuation of employee training in safety and environmental issues.

In October 2023, CARBIOS appointed Bénédicte Garbil as Senior Vice President of Corporate Affairs and Sustainability: "In 2022, CARBIOS strengthened its governance, building a solid foundation for our continued growth and commitment to Corporate Social Responsibility (CSR). This strategic development demonstrates our commitment to operational excellence and transparency. We have integrated the principles of sustainability, ethics and environmental responsibility at the heart of our governance, putting CSR at the forefront of our actions."

Source:

Carbios

06.11.2023

Solvay: 2023 third quarter results

Highlights

Highlights

  • Net sales in the third quarter of 2023 were down by -20.3% organically versus a record Q3 2022 as expected due to -15% lower volumes (€-512 million) in a weaker macro environment and -5% lower prices (€-188 million) in a context of lower raw material costs and energy prices. On a sequential basis, net sales were down -11% versus Q2. The volume reduction was broad based across regions and businesses.
  • Structural cost savings for the first nine months of 2023 amounted to €63 million, bringing the total savings since 2019 to €530 million.
  • Underlying EBITDA of €702 million in Q3 2023 was down by -18.5% organically compared to a record Q3 2022 driven by lower volumes, partly offset by €36 million in positive net pricing and €41 million in lower fixed costs. Nine months EBITDA at €2,331 million is only down -1% organically versus 2022, a clear indication that strong historic pricing and cost discipline momentum is being maintained.
  • The underlying EBITDA margin of 25.6% in Q3 2023 was sustained relative to Q3 2022 despite lower volumes, while nine months EBITDA margin of 25.9% is +1.3pp higher, mainly as a result of positive net pricing and cost discipline.
  • Underlying Net Profit was €340 million in Q3 2023 compared to €509 million in Q3 2022.
  • Free Cash Flow of €346 million in Q3 2023 resulted in a nine-month 2023 total of €1,027 million and a FCF conversion ratio of 39.4%.
  • ROCE was 15.2%, broadly in line with Q3 2022.
  • Continued strengthening of the balance sheet with underlying net debt at €2.8 billion, which translated to a historic low leverage of 0.9x.
  • As explained on page 2, an interim dividend of €1.62 gross per share has been validated by the Board of Directors, in line with historical interim dividend policy to be paid by Solvay SA on January 17, 2024.

2023 Outlook
Given the current volume momentum, Solvay reconfirm their full year guidance, at the lower end of the prior EBITDA guidance range.

More information:
Solvay financial year 2023
Source:

Solvay

03.11.2023

Lectra: Financial statements for first nine months of 2023

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

  • Revenues: 358.3 million euros (-7%)
  • EBITDA before non-recurring items: 59.2 million euros (-17%)
  • Net income: 24.9 million euros (-30%)
  • Free cash flow before non-recurring items: 32.1 million euros
  • 2023 outlook: revised revenues – confirmation of EBITDA before non-recurring items

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2023, which have not been reviewed by the Statutory Auditors.

Currency changes between 2022 and 2023 mechanically decreased revenues and EBITDA before non-recurring items by 6.4 million euros (-5%) and 2.8 million euros (-10%) respectively in Q3, and by 7.3 million euros (-2%) and 3.0 million euros (-5%) respectively in the first nine months of the year, at actual exchange rates compared to like-for-like figures.

Business Trends and Outlook
In its 2022 Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which resulted in many uncertainties that could continue to weigh on its customers’ investment decisions.

At the beginning of the year, the Group set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros. It subsequently reported on April 27 that it then anticipated revenues in the range of 485 to 525 million euros and EBITDA before non-recurring items in the range of 78 to 95 million euros.

In what continues to be a highly degraded environment in macroeconomic and geopolitical terms, orders and revenues from new systems in Q3 were lower than anticipated by the Group. Recurring revenues, on the other hand, which should account for over 65% of total revenues in 2023, continued to grow in Q3, and provide good visibility. In addition, the initial measures to reduce overhead costs have begun to bear fruit.

In light of these factors, full-year revenues are now anticipated in the range of 474 to 481 million euros, thus slightly lower than anticipated on April 27, and EBITDA before non-recurring items in the range of 78 to 82 million euros, in the lower part of the range indicated on April 27. These scenarios are based on September 30 exchange rates for Q4, including $1.06 to the euro.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

03.11.2023

Solvay announces Board of Directors for standalone SYENSQO

Solvay announced the future Board of Directors of SYENSQO, effective upon completion of the planned separation of Solvay into two companies – SOLVAY and SYENSQO – which is on track to be completed in December 2023.

SYENSQO’s Board will be composed of 10 members, including 6 independent members, 3 members representing the reference shareholder, Solvac, and the company CEO. They have deep expertise in specialty industries, international business operations, risk management, corporate governance, finance and clean technology.

Solvay announced the future Board of Directors of SYENSQO, effective upon completion of the planned separation of Solvay into two companies – SOLVAY and SYENSQO – which is on track to be completed in December 2023.

SYENSQO’s Board will be composed of 10 members, including 6 independent members, 3 members representing the reference shareholder, Solvac, and the company CEO. They have deep expertise in specialty industries, international business operations, risk management, corporate governance, finance and clean technology.

The following individuals will serve on the SYENSQO Board of Directors:
Rosemary Thorne will serve as independent Director and Chair of the SYENSQO Board, as well as Chair of the Board’s Finance Committee. She is currently an Independent Director on the Solvay Board of Directors, appointed in 2014, and Chair of the Board’s Audit Committee. She is also an Independent Director on the Board of Merrill Lynch International (UK), a wholly-owned subsidiary of Bank of America, serving as Chair of the Audit Committee. Ms. Thorne has decades of financial leadership experience across a wide range of industries. She previously served as Chief Financial Officer at J. Sainsbury, the UK’s largest supermarket chain at the time; Bradford & Bingley; and Ladbrokes. Ms. Thorne previously sat as an Independent Director on the Boards of Royal Mail Group, Cadbury Schweppes, Santander UK, First Global Trust Bank and Smurfit Kappa Group.

Dr. Ilham Kadri will serve as Chief Executive Officer and member of the Board of Directors of SYENSQO. She is currently CEO and President of the Executive Committee at Solvay. Ms. Kadri has successfully led the turnaround of Solvay, delivering double-digit EBITDA growth and 18 consecutive quarters of positive free cash flow, deleveraging the balance sheet and promoting superior people engagement. She is an independent Board member at A.O. Smith and L’Oréal. She is active in non-profit organizations, as Chair of the World Business Council for Sustainable Development (WBCSD), member of the steering committee of the European Round Table of Industrialists (ERT) as well as a permanent member of the World Economic Forum’s International Business Council (WEF). Ms. Kadri has extensive leadership experience across a variety of industries in four continents and with leading industrial multinationals, including Shell, UCB, Huntsman, Dow, Sealed Air. Prior to Solvay, she was CEO and President of Diversey in the USA, led the company’s return to profitability and resulting spin off and divestiture to Bain Capital. She founded two non-Profit foundations: the Solvay Solidarity Fund in Belgium in 2020 which supported more than 7000 families affected by Covid-19 and natural disasters; and founded the ISSA Hygieia Network in 2015 in the USA, to help women in the cleaning industry. She received two Doctor Honoris Clausa from EWHA University in Korea and Université de Namur in Belgium.

Julian Waldron will serve as independent Director and Chair of the Audit Committee. He currently serves as Deputy Executive Chairman of privately-held Albea Group, a global beauty and personal care packaging company which operates 35 facilities in Europe, Asia and the Americas. Mr. Waldron has held senior leadership roles at several leading listed companies in the industrial, technology and services sectors and brings a wealth of expertise in finance and business operations. Prior to joining Albea in 2022, he was Chief Financial Officer of Suez for three years after serving as Chief Financial Officer and subsequently Chief Operating Officer of Technip. He started his career at UBS Warburg where he spent 14 years. Mr. Waldron also served as an independent Board member and Chairman of finance, risk and investments at Carbon Clean, a privately-owned carbon capture company dedicated to achieving net zero.

Heike Van de Kerkhof will serve as independent Director and Chair of the Nomination Committee. She currently sits on the Board of OCI N.V.. Ms. Van de Kerkhof brings more than 30 years of experience in the chemicals, oil & gas and materials industries, having served in numerous leadership roles around the globe. From 2020 to 2023, she was Chief Executive Officer of Archroma Management, a global specialty chemicals company. During her tenure, she successfully completed the transformational acquisition of Huntsman’s Textile Effects business. Prior to her role at Archroma, Ms. Van de Kerkhof served as Vice President of Lubricants, Western Hemisphere at BP, and held positions at Castrol, The Chemours Company, and Neste Corporation. She also held many leading roles within DuPont over 18 years.

Matti Lievonen will serve as independent Director and Chair of the Compensation Committee. He is currently an independent director on the Solvay Board, appointed in 2017. Mr. Lievonen is a proven executive in the energy, forestry, power and automation industries with an extensive track record of leading businesses through climate transition. For over ten years until 2018, he served as Chairman and Chief Executive Officer of Neste Corporation, a global leader in next-generation renewable fuels and chemicals. During his time at Neste, Mr. Lievonen successfully promoted the development of clean fuels as well as Finland’s bioeconomy strategy in advancing renewable transportation fuels. He has also been involved with organizations such as Fortum Board, SSAB, Nynäs AB, Ilmarinen, and the HE Finnish Fair Foundation. Until 2021, Mr. Lievonen was also Chairman of the Board of Directors at Fortum. He has been recognized for his admirable leadership and expertise, and in 2016 was awarded an Honorary Doctorate of Technology by the Aalto University Schools of Technology.

Dr. Françoise de Viron will serve as non-independent Director, Chair of the ESG Committee and Vice-Chair of the Board. She is currently a director of the Solvay Board, appointed in 2013. Ms. de Viron is a regarded academic leader and has extensive experience in innovation, R&D and qualitative research. She is a Professor Emeritus at the Faculty of Psychology and Education Sciences and Louvain School of Management at UCLouvain in Belgium where she has been an Academic Member of various groups at UCLouvain. Ms. de Viron previously served as the president of AISBL EUCEN – the European Universities Continuing Education Network. Prior to her university position, from 1985 to 2000, she was in charge of developing Artificial Intelligence applications at Tractebel S.A. (now Tractebel-Engie).

Roeland Baan will serve as independent Director. He currently serves as President and Chief Executive Officer of Topsoe, a privately-held leading provider of clean energy and petrochemical technologies. He is also Chairman of the Supervisory Board of SBM Offshore NV. Roeland Baan has extensive experience in supply chain management, M&A, business development and operations management. Prior to joining Topsoe in 2020, he was President and CEO of Outokumpu and has held several executive roles at global organizations such as Aleris International, ArcelorMittal and SHV NV. He spent over 16 years in various roles across the globe at Shell, living in South America, in Africa and in the United Kingdom.

Edouard Janssen will serve as non-independent Director. He is currently a Director on the Solvay Board, appointed in 2021. Earlier this year, he was appointed Chief Financial Officer of D’Ieteren Group, a European leader in automotive distribution services. Mr. Janssen is also a Board member of privately-held Financière de Tubize and Union Financière Boël, as well as Co-Founder and Chair of Trusted Family. Mr. Janssen is active in academics, as Vice-Chair of the International Advisory Board of the Solvay Brussels School of Economics and Management and on the advisory board of the INSEAD HGIBS. He brings expertise in finance, strategy, entrepreneurship, business management, planning and marketing. He has served as Solvay’s Vice President in strategy and M&A between 2019 and 2021, and prior to that, he was the US-based General Manager for North- and Latin America at Solvay’s Aroma Performance Global Business Unit.
 
Dr. Mary Meaney will serve as non-independent Director. She is currently a member of the Board of Directors and of the Audit Committee of Groupe Bruxelles Lambert SA. She also sits on the Board of Directors and the Remuneration Committee of Beamery, the privately-held talent management company. She is a member of the Board of Directors and of the Finance Committee of Imperial College, London.Dr. Meaney will bring expertise in Strategy, M&A, and change management, which she acquired over a 24-year career at McKinsey. She was a Senior Partner, served on the McKinsey Shareholders Council and led McKinsey’s global Organization practice.

Nadine Leslie will serve as independent Director and is based in the United States of America. She is currently a member of the Board of Directors of Provident Financial Services , as well as a Non-Executive Director of Seven Seas Water Corporation, a water and wastewater treatment multinational company. She also sits on the Board of Trustees of Hackensack Meridian Health Network and is active as strategic consultant for civil engineering firm T&M Associates. Over a 22-year career at Suez, Ms. Leslie held several leadership positions, the last one being Chief Executive Officer of Suez North America, until 2022. Previously she served as Executive Vice President Health & Safety.

More information:
Solvay Board of Directors
Source:

Solvay

28.07.2023

Lectra: Financial statements for the first half of 2023

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

  • Revenues: 239.6 million euros (-4%)*
  • EBITDA before non-recurring items: 35.3 million euros (-21%)*
  • Net income: 13.9 million euros (-31%)
  • Free cash flow before non-recurring items: 16.6 million euros (+13%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2023, which have been subject to a limited review by the Statutory Auditors.

Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis (see press release dated December 8, 2022) on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

Business Trends and Outlook
In its 2022 Annual Financial Report, published February 8, 2023, Lectra presented its new roadmap for 2023-2025. The Group also specified that 2023 remained unpredictable given the degraded macroeconomic and geopolitical environment, which lead to numerous uncertainties that could continue to weigh upon the investment decisions of its customers.

At the beginning of the year, the Group had set itself objectives of achieving, in 2023, revenues in the range of 522 to 576 million euros and EBITDA before non-recurring items in the range of 90 to 113 million euros.

Given the delay in orders for new systems in the first quarter, and poor visibility on new systems orders for subsequent quarters, the Group reported on April 27 that it now anticipated revenues in the range of 485 to 525 million euros (-5% to +3% at constant exchange rates relative to 2022) and EBITDA before non-recurring items in the range of 78 to 95 million euros (-15% to +3% at constant exchange rates relative to 2022). The Group also noted that despite limited visibility regarding new systems orders over the next few quarters, there is strong visibility regarding recurring revenues, which should enjoy substantial growth and account for 65% of total revenues in 2023. These revised scenarios had been prepared on the basis of the closing exchange rates on April 27, 2023, for the remaining nine months of the year, and particularly $1.10/€1.

The results of the second quarter support these revised objectives.

A 1-cent appreciation of the euro against the U.S. dollar in the second half of the year (at an exchange rate of $1.10/€1) would mechanically decrease revenues by approximately 1.0 million euros and EBITDA before non-recurring items by 0.45 million euros. On the contrary, a 1-cent fall in the euro against the dollar would mechanically raise revenues and EBITDA before non-recurring items by the same amounts.

Because the Group's customers operate in a highly competitive environment that demands they continue to improve performance, their investments will pick up as soon as the macroeconomic situation improves. Lectra's roadmap for 2023-2025, which was launched on January 1, 2023, will enable the Group to take full advantage of the upturn and accelerate its growth.

Marco Salvadè appointed new ACIMIT president Photo: ACIMIT
Marco Salvadè, ACIMIT president
07.07.2023

Marco Salvadè appointed new ACIMIT President

At the association’s General Assembly held on July 4th, Marco Salvadè has been appointed to replace Alessandro Zucchi as President of ACIMIT.

Marco Salvadè began his career at Salvadè Srl, the family company specializing in the finishing machinery sector, founded by his father and uncle in 1967. After being a member of the company’s board of directors, he has been President since 2021.

Following the election of Salvadè, the General Assembly expressed its gratitude to the outgoing president, Alessandro Zucchi, who has guided the association for the past six years.

At the association’s General Assembly held on July 4th, Marco Salvadè has been appointed to replace Alessandro Zucchi as President of ACIMIT.

Marco Salvadè began his career at Salvadè Srl, the family company specializing in the finishing machinery sector, founded by his father and uncle in 1967. After being a member of the company’s board of directors, he has been President since 2021.

Following the election of Salvadè, the General Assembly expressed its gratitude to the outgoing president, Alessandro Zucchi, who has guided the association for the past six years.

Along with the new president, the General Assembly also elected its new Vice Presidents, Chiara Bonino (Bonino Carding Machines SRL), Federico Businaro (Sperotto Rimar SRL), Ugo Ghilardi (Itema SpA) and Cristian Locatelli (Marzoli Machines Textile SRL). Marco Salvadè’s first comments as newly appointed ACIMIT president: “I wish to thank the Assembly for the trust they have placed in me, and I want to express my gratitude to the former President Alessandro Zucchi for everything he has done during the last six years to strengthen the role of the association and of Italian industry on the international scene. With the new vice-presidents and the ACIMIT Board, I will continue the work that has been done in recent years by previous presidents. It will certainly not be a simple task, but one that will no doubt prove stimulating. My primary goal is to increase the sense of belonging to ACIMIT of its member companies, with which we share the same values, and to adjust the association’s strategies to changing conditions in the economic and geopolitical context.”

Source:

ACIMIT

03.05.2023

Lectra: Financial statements for Q1 2023

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

  • Revenues: 123.7 million euros (stable)*
  • EBITDA before non-recurring items: 19.7 million euros (-12%)*
  • Net income: 7.3 million euros (-21%)
  • Free cash flow before non-recurring items: 9.2 million euros
  • Revised 2023 outlook due to wait-and-see attitude of customers

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the unaudited consolidated financial statements for the first quarter of 2023. Comparisons between 2023 and 2022 are based on 2022 exchange rates unless otherwise stated (“like-for-like”). As the impact of the acquisition of TextileGenesis on the financial statements for 2023 is not material, like-for-like changes exclude only the variations in exchange rates.

See the attached document for more details about the financial statements.

21.04.2023

Rieter: Annual General Meeting 2023

Shareholders Adopt All Motions Proposed by the Board of Directors

  • Distribution of a dividend of CHF 1.50 per share approved
  • Remuneration Report 2022 and future remuneration of Board of Directors and Group Executive Committee formally accepted
  • All members of the Board of Directors who stood for re-election were elected
  • Thomas Oetterli newly appointed to the Board of Directors
  • KPMG newly elected as statutory auditors
  • Amendments to the Articles of Association approved

On April 20, 2023, 325 shareholders, who represent 66.2% of the share capital, attended the 132nd Annual General Meeting of Rieter Holding Ltd.

Dividend
The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 1.50 per share. The dividend for the 2022 financial year will be paid on April 24, 2023.

Shareholders Adopt All Motions Proposed by the Board of Directors

  • Distribution of a dividend of CHF 1.50 per share approved
  • Remuneration Report 2022 and future remuneration of Board of Directors and Group Executive Committee formally accepted
  • All members of the Board of Directors who stood for re-election were elected
  • Thomas Oetterli newly appointed to the Board of Directors
  • KPMG newly elected as statutory auditors
  • Amendments to the Articles of Association approved

On April 20, 2023, 325 shareholders, who represent 66.2% of the share capital, attended the 132nd Annual General Meeting of Rieter Holding Ltd.

Dividend
The shareholders approved the proposal of the Board of Directors to distribute a dividend of CHF 1.50 per share. The dividend for the 2022 financial year will be paid on April 24, 2023.

Annual Report, Financial Statements, Consolidated Financial Statements and Remuneration Report
The shareholders also adopted all other motions proposed by the Board of Directors, namely approval of the annual report, financial and consolidated financial statements for 2022. Moreover, they formally approved the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

By way of a consultative vote, the shareholders also approved the Remuneration Report 2022.

Remuneration of the Members of the Board of Directors and the Group Executive Committee
In two separate binding votes, the proposed maximum total remuneration of the members of the Board of Directors and the Group Executive Committee for the 2024 financial year was approved.

Re-Election of the Members of the Board of Directors
The Chairman of the Board, Bernhard Jucker, and the Directors, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi, Sarah Kreienbühl and Daniel Grieder were confirmed for a further one-year term of office. In addition, Thomas Oetterli was newly elected to the Board of Directors for a term of office.

The members of the Remuneration Committee who were standing for election –
Hans-Peter Schwald, Bernhard Jucker and Sarah Kreienbühl – were likewise re-elected for a one-year term of office.

Election of KPMG as Statutory Auditors
The shareholders also adopted the proposal of the Board of Directors to elect KPMG AG, Zurich, as new statutory auditors for the financial year beginning January 1, 2023.

Amendments to the Articles of Association
The shareholders further approved the proposals of the Board of Directors to amend the Articles of Association of Rieter Holding Ltd., in order to implement the requirements of the reform of the Swiss company law, which came into force on January 1, 2023.

Source:

Rieter Holding Ltd.

19.04.2023

Archroma announces CEO Transition

Archroma, a global leader in sustainable specialty chemicals and solutions for the textiles, packaging & paper, paints and coatings industries, announced its transition plan for the role of Chief Executive Officer (CEO). Heike van de Kerkhof, CEO of Archroma since January 2020, will step down effective April 30, 2023, to focus on other career opportunities. Mark Garrett, a seasoned industry executive, will assume the role of interim CEO.

Miguel Kohlmann, Chairman of the Board of Directors of Archroma, said “On behalf of the Board of Directors, I would like to thank Heike for her leadership and tireless dedication to Archroma. Heike joined the company in January 2020 as CEO and has meaningfully advanced the company’s sustainability, innovation, and customer-focused business model, while also successfully closing the transformational acquisition of Huntsman’s Textile Effects business, which will substantially enhance Archroma’s capabilities in serving its customers and markets. We would like to thank Heike for her great contributions through this substantial period of growth and wish her continued success in her next endeavors.”

Archroma, a global leader in sustainable specialty chemicals and solutions for the textiles, packaging & paper, paints and coatings industries, announced its transition plan for the role of Chief Executive Officer (CEO). Heike van de Kerkhof, CEO of Archroma since January 2020, will step down effective April 30, 2023, to focus on other career opportunities. Mark Garrett, a seasoned industry executive, will assume the role of interim CEO.

Miguel Kohlmann, Chairman of the Board of Directors of Archroma, said “On behalf of the Board of Directors, I would like to thank Heike for her leadership and tireless dedication to Archroma. Heike joined the company in January 2020 as CEO and has meaningfully advanced the company’s sustainability, innovation, and customer-focused business model, while also successfully closing the transformational acquisition of Huntsman’s Textile Effects business, which will substantially enhance Archroma’s capabilities in serving its customers and markets. We would like to thank Heike for her great contributions through this substantial period of growth and wish her continued success in her next endeavors.”

Kohlmann continued, “The Board remains committed to accelerating the growth of Archroma and to continuing to provide our customers with the systems, solutions, innovation and technical support that they have come to expect from us, while providing enhanced opportunities for Archroma’s employees. We are enthusiastic about Mark Garrett joining Archroma as interim CEO, a seasoned executive who brings substantial industry experience which encompasses directly relevant knowledge of Archroma’s product portfolio and end markets. Mark has served in the capacity of Chairman and CEO and in senior executive leadership roles with companies such as OMV/Borealis, Marquard & Bahls, Ciba Specialty Chemicals and DuPont. He is a proven leader and the perfect choice to serve as Archroma’s interim CEO. The Board has strong confidence in Archroma’s leadership team and is focused on continuity during this period of transition.”

More information:
Archroma CEO specialty chemicals
Source:

Archroma

14.04.2023

Carbios presents its 2022 Annual Results

Carbios, a compnay in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces its operating and financial results for the year 2022. The financial statements as of December 31, 2022, were approved by the Company’s Board of Directors at their meeting on April 5, 2023.

Carbios, a compnay in the development and industrialization of biological technologies for reinventing the life cycle of plastics and textiles, announces its operating and financial results for the year 2022. The financial statements as of December 31, 2022, were approved by the Company’s Board of Directors at their meeting on April 5, 2023.

  • Project to build, in France, the world’s first PET biorecycling plant: Progress in line with 2025 unit commissioning target6
  • Excellent results from the demonstration plant validating the industrial scale-up of Carbios technology
  • Carbios licensing documentation ready for worldwide industrial and commercial deployment
  • Long-term exclusive strategic partnership with Novozymes to ensure supply of enzymes at industrial scale for the Reference Unit and all future licensee plants
  • Creation of fiber-to-fiber consortium with On, Patagonia, Puma, PVH Corp., and Salomon
  • CE-PET research project successfully completed
  • Participation in WhiteCycle project co-funded by Horizon Europe and coordinated by Michelin
  • Publication of scientific articles in the prestigious Biophysical Journal and in Chemical Reviews
  • Carbios hosts world’s first PET Biorecycling Summit
  • Carbios publishes first Sustainability Report and outlines objectives for environmental, social and governance (ESG) initiatives
  • Carbios joins Ellen MacArthur Foundation’s circular economy network
  • €30 million European Investment Bank loan drawn down in 2022
  • Group’s cash position of €101 million as of December 31, 2022
More information:
Carbios plastics life cycle Recycling
Source:

Carbios

24.03.2023

Autoneum: All proposals approved at Annual General Meeting 2023

At the Annual General Meeting of Autoneum Holding Ltd on 24th March 2023, a clear majority of the shareholders approved the introduction of a capital band in the amount of approximately CHF 100 million net proceeds to finance the acquisition of Borgers Automotive. The proposal to waive the payment of a dividend for the 2022 financial year in view of the lower net result was also approved. In addition, Board member Rainer Schmückle as well as CEO Matthias Holzammer were given a farewell.

221 shareholders attended today’s Annual General Meeting of Autoneum Holding Ltd in Winterthur. 66.48 percent of the share capital was represented.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for 2022. The proposal of the Board of Directors to waive the payment of a dividend for the financial year 2022 due to the lower net result was also approved by the Annual General Meeting.

In addition, the shareholders of Autoneum Holding Ltd granted discharge to all members of the Group Executive Board and the Board of Directors by a large majority of votes.

At the Annual General Meeting of Autoneum Holding Ltd on 24th March 2023, a clear majority of the shareholders approved the introduction of a capital band in the amount of approximately CHF 100 million net proceeds to finance the acquisition of Borgers Automotive. The proposal to waive the payment of a dividend for the 2022 financial year in view of the lower net result was also approved. In addition, Board member Rainer Schmückle as well as CEO Matthias Holzammer were given a farewell.

221 shareholders attended today’s Annual General Meeting of Autoneum Holding Ltd in Winterthur. 66.48 percent of the share capital was represented.

The shareholders approved the Annual Report, the Annual Financial Statements and the Consolidated Financial Statements for 2022. The proposal of the Board of Directors to waive the payment of a dividend for the financial year 2022 due to the lower net result was also approved by the Annual General Meeting.

In addition, the shareholders of Autoneum Holding Ltd granted discharge to all members of the Group Executive Board and the Board of Directors by a large majority of votes.

Chairman Hans-Peter Schwald and the other members of the Board of Directors Liane Hirner, Norbert Indlekofer, Michael Pieper, Oliver Streuli and Ferdinand Stutz were confirmed in office for another year. Hans-Peter Schwald, Norbert Indlekofer, Ferdinand Stutz and Oliver Streuli were re-elected to the Compensation Committee.

The consultative vote on the 2022 remuneration report was approved by 85.55%. The proposals for the remuneration of the Board of Directors and the Group Executive Board for the 2023 financial year as well as the other proposals were also approved by a large majority.

With 99.03%, a clear majority of the shareholders approved a capital band authorizing a capital increase of approximately CHF 100 million net proceeds. The purpose of the capital increase is to partially finance the acquisition of the automotive business of the Borgers Group announced by Autoneum on January 9, 2023. The Annual General Meeting also approved the other proposals of the Board of Directors for partial amendments to the Articles of Association.

Rainer Schmückle did not stand for re-election. He had been Vice Chairman of the Board of Directors, Chairman of the Audit Committee and member of the Strategy and Sustainability Committee since Autoneum became independent in 2011. CEO Matthias Holzammer, who will leave Autoneum for family reasons, was also bid farewell.

At the same time, Hans-Peter Schwald welcomed the new CEO Eelco Spoelder, who will take over the management of the Group from Matthias Holzammer on March 27, 2023: "With Eelco Spoelder, Autoneum gains an accomplished leader with many years of experience in the automotive supply industry. At Faurecia and previously at Continental, Mr. Spoelder has successfully proven that he can ensure strategic continuity and operational excellence even in a difficult market environment. I and the other members of the Board of Directors warmly welcome Eelco Spoelder and look forward to our future cooperation."

Source:

Autoneum Holding AG

10.02.2023

Lectra: Annual financial results of 2022

  • Revenues: 521.9 million euros (+35%)
  • EBITDA before non-recurring items: 98.4 million euros (+51%)
  • Net income: 43.8 million euros (+55%)
  • Free cash flow before non-recurring items: 43.7 million euros
  • Dividend*: €0.48 per share (+33%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2022. Audit procedures have been performed by the Statutory Auditors. The certification report will be issued at the end of the Board of Director’s meeting of February 23, 2023.

To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement (“2021 Pro forma”), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

  • Revenues: 521.9 million euros (+35%)
  • EBITDA before non-recurring items: 98.4 million euros (+51%)
  • Net income: 43.8 million euros (+55%)
  • Free cash flow before non-recurring items: 43.7 million euros
  • Dividend*: €0.48 per share (+33%)

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the fiscal year 2022. Audit procedures have been performed by the Statutory Auditors. The certification report will be issued at the end of the Board of Director’s meeting of February 23, 2023.

To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement (“2021 Pro forma”), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

Source:

Lectra

Photo Autoneum Management AG
Eelco Spoelder
13.12.2022

Eelco Spoelder new CEO of Autoneum

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

Matthias Holzammer is handing over the operational management of Autoneum for family reasons as of March 27, 2023. As his successor the Board of Directors has appointed Eelco Spoelder, who has over 25 years of experience in the automotive supply industry.

Eelco Spoelder has held global leadership positions in the automotive supply industry at Faurecia and previously Continental, where he ensured operational competence and strategic continuity even in a challenging market environment.
He has extensive experience in operations, manufacturing, purchasing, customer satisfaction, quality and IT and has proved successful in transforming businesses and delivering profitable growth. His core competencies include negotiating with an international network of customers and suppliers in the automotive supply industry. He is also deeply familiar with technology trends in the automotive industry.

“In view of the many challenges and opportunities in the automotive industry, we are proud to have found in Mr. Spoelder a very accomplished and experienced leader who will further develop and implement our proven strategy,” said Hans-Peter Schwald, Chairman of the Board of Directors of Autoneum Holding Ltd.

Matthias Holzammer is leaving Autoneum at his own request for family reasons and will hand over operational management of the Group to Mr. Spoelder on March 27, 2023. He will then serve as Senior Advisor to the Chairman of the Board of Directors and the new CEO until June 30, 2023.

Source:

Autoneum Management AG

04.11.2022

Lectra published financial report for the first nine months of 2022

  • Revenues: 392.1 million euros (+50%)
  • EBITDA before non-recurring items: 74.9 million euros (+73%)
  • Net income: 35.4 million euros (multiplied by 2.1)
  • Free cash flow before non-recurring items: 31.6 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2022, which have not been reviewed by the Statutory Auditors.
To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

  • Revenues: 392.1 million euros (+50%)
  • EBITDA before non-recurring items: 74.9 million euros (+73%)
  • Net income: 35.4 million euros (multiplied by 2.1)
  • Free cash flow before non-recurring items: 31.6 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the third quarter and first nine months of 2022, which have not been reviewed by the Statutory Auditors.
To facilitate the analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

Source:

Lectra

30.09.2022

Carbios published 2022 half-year results

Carbios published its operating and financial results for the first half of 2022. The financial statements as of June 30, 2022 were approved by Carbios' Board of Directors.

Carbios published its operating and financial results for the first half of 2022. The financial statements as of June 30, 2022 were approved by Carbios' Board of Directors.

  • Project to build the world's first PET biorecycling plant, in partnership with Indorama Ventures, the world's largest manufacturer of recycled PET: Establishment in France with strong backing from national government and the Grand-Est Region
  • On track to bring recycled PET from Carbios' proprietary innovation process to market by 2025
  • Fully operational industrial demonstration plant and step-by-step technological validation of the scale-up of the industrial solution designed and developed by Carbios
  • Launch of a textile consortium in partnership with On, Patagonia, PUMA and Salomon
  • Scientific article in the prestigious Biophysical Journal
  • Carbios strengthens its Governance and Management team
  • Carbios enhance its financial structure, banking the €30 million loan from the European Investment Bank (EIB)
  • Carbios Group's net cash position: €121 million at June 30, 2022

See the full report here.

More information:
Carbios financial year 2022
Source:

Carbios

Wes Fisher INDA Director of Government Affairs (c) INDA
Wes Fisher INDA Director of Government Affairs
22.09.2022

INDA: Wes Fisher new Director of Government Affairs

INDA, the Association of the Nonwoven Fabrics Industry, has named government relations and external affairs strategist and advocate Wes Fisher as its new Director of Government Affairs to raise the association’s profile in Washington, D.C. He brings strong liaising skills advancing industries’ interest to regulatory agencies such as the Centers for Disease Control and Prevention, U.S. Department of Agriculture, Food and Drug Administration, and state-level departments.

Most recently, he was senior director of government affairs at the Pet Advocacy Network where he led government relations and legislative strategy for the pet care industry’s national trade association.  Fisher’s background includes providing testimony on hundreds of bills and regulations for associations and creating policy positions, notably on single-use plastics and sustainability.
He has held positions working at the American Legislative Exchange Council and then the National Automatic Merchandising Association where he led state government relations and external affairs for the 1,000-members representing the vending and retail industry.   

INDA, the Association of the Nonwoven Fabrics Industry, has named government relations and external affairs strategist and advocate Wes Fisher as its new Director of Government Affairs to raise the association’s profile in Washington, D.C. He brings strong liaising skills advancing industries’ interest to regulatory agencies such as the Centers for Disease Control and Prevention, U.S. Department of Agriculture, Food and Drug Administration, and state-level departments.

Most recently, he was senior director of government affairs at the Pet Advocacy Network where he led government relations and legislative strategy for the pet care industry’s national trade association.  Fisher’s background includes providing testimony on hundreds of bills and regulations for associations and creating policy positions, notably on single-use plastics and sustainability.
He has held positions working at the American Legislative Exchange Council and then the National Automatic Merchandising Association where he led state government relations and external affairs for the 1,000-members representing the vending and retail industry.   

At INDA, he will serve as the liaison between the industry and government legislative and regulatory bodies by preparing formal submissions to the federal government articulating industry positions, and representing INDA on the Industry Trade Advisory Committee for Textiles and Apparel (ITAC 12) among other responsibilities in this key position.

Fisher holds a Bachelor’s degree in Political Science from James Madison University in Harrisonburg, VA. He also sits on the board of directors of the Washington Area State Relations Group, and was appointed by the Governor of Virginia to serve on the State Rare Disease Council.

More information:
INDA Wes Fisher Government Affairs
Source:

INDA

(c) Chetna Organic / GoodTextiles Foundation
08.09.2022

GoodTextiles Foundation supports Indian village with cows

The GoodTextiles Foundation, initiated by Dibella, has implemented a new support project in India: Each family of a small village community of organic farmers received a cow from the donations received. The herd of fifty animals helps with farming, gives milk, produces sufficient natural fertilizer and should soon provide higher crop yields and a better income.

In 2016, Dibella established the GoodTextiles Foundation with the aim of making textile value chains more sustainable. It raises funds and implements its own support projects to benefit people at all stages of the textile economy. The most recent project, "One cow for every family," has now taken the first, important intermediate step: Fifty cows arrived in the small village of Aliguda Village (Utnoor Division, Adilabad, Telangana, India) at the beginning of June 2022.

The GoodTextiles Foundation, initiated by Dibella, has implemented a new support project in India: Each family of a small village community of organic farmers received a cow from the donations received. The herd of fifty animals helps with farming, gives milk, produces sufficient natural fertilizer and should soon provide higher crop yields and a better income.

In 2016, Dibella established the GoodTextiles Foundation with the aim of making textile value chains more sustainable. It raises funds and implements its own support projects to benefit people at all stages of the textile economy. The most recent project, "One cow for every family," has now taken the first, important intermediate step: Fifty cows arrived in the small village of Aliguda Village (Utnoor Division, Adilabad, Telangana, India) at the beginning of June 2022.

"Some of our organic cotton is grown on the farms of the village community managed by the smallholder organization Chetna Organic. During the filming of the German documentary "plan b", the farmers told us that they need more natural fertilizer to cultivate their fields ecologically and economically. The biggest wish of each family is therefore a cow. However, they cannot afford this because of the high price of the equivalent of 300 euros. That's how the idea for our next sponsorship project was born," reports Ralf Hellmann, managing director of Dibella and member of the foundation's board of directors.

In addition to the most important reason for purchase - the production of fertilizer - the cows also serve as livestock. They are harnessed in front of the plow and make the strenuous work of tilling the soil easier for the farmers. As draft animals they serve to transport heavier loads, and as milk suppliers they contribute to a family's food supply. Surplus milk that is not needed in the household also provides families with an important additional income through sale.

More information:
GoodTextiles Dibella donations cotton
Source:

GoodTextiles Foundation

28.07.2022

Lectra: Financial statements for the first half of 2022

  • Revenues: 250.8 million euros (+71%)
  • EBITDA before non-recurring items: 45.2 million euros (+95%)
  • Net income: 20.2 million euros (multiplied by 2.3)
  • Free cash flow before non-recurring items: 14.7 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2022, which have been subject to a limited review by the Statutory Auditors.

To facilitate analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.

  • Revenues: 250.8 million euros (+71%)
  • EBITDA before non-recurring items: 45.2 million euros (+95%)
  • Net income: 20.2 million euros (multiplied by 2.3)
  • Free cash flow before non-recurring items: 14.7 million euros

Lectra’s Board of Directors, chaired by Daniel Harari, reviewed the consolidated financial statements for the first half of 2022, which have been subject to a limited review by the Statutory Auditors.

To facilitate analysis of the Group’s results, the financial statements are compared to those published in 2021 and to the 2021 pro forma financial statement ("2021 Pro forma"), prepared by integrating the three acquisitions made in 2021 – Gerber Technology (“Gerber”), Neteven, and Gemini CAD Systems (“Gemini”) – as if they had been consolidated from January 1, 2021, whereas they have been consolidated since June 1, July 28 and September 27, 2021 respectively.

See attached document for full report.