From the Sector

Autoneum significantly increased its revenue consolidated in Swiss francs by CHF 109.8 million to CHF 1 212.3 million compared to the prior-year period, supported by inorganic growth. In a slightly declining market, the Company succeeded in increasing its EBIT margin excluding special effects by 1.3 percentage points to 5.4%. A solid net result of CHF 36.1 million was generated in the first half-year of 2024. Due to the positive margin development, the Company now expects an EBIT margin of 5.0% to 5.5% for the current financial year (previously 4.5% to 5.5%).

In the first half of 2024, automotive industry production volumes were somewhat restrained world-wide and even declined slightly in Europe. While economic conditions in the automotive supply industry have improved to a certain extent since the coronavirus crisis, high vehicle prices in some markets were putting a damper on demand. Only North America and Asia recorded slight growth compared to the same period of the previous year.

Despite the flat market development, Autoneum managed to significantly increase both revenue and profitability before special effects over the prior-year period. This positive development was achieved through the automotive business of traditional German company Borgers, which had been acquired as of April 1, 2023, and thus contributed for the first time to the entire reporting period. At the same time, Autoneum achieved operational improvements worldwide.

Outlook
The current S&P market forecasts assume that global automobile production will decline by 2.0%* in 2024 compared with 2023. Based on the forecast market development and further operational improvements, Autoneum continues to expect total revenue in 2024 of CHF 2.3 billion to 2.5 billion and free cash flow in the high upper double-digit million range. Due to the positive margin develop-ment, the company now expects an EBIT margin of 5.0% to 5.5% (previously 4.5% to 5.5%).

* Source: S&P Global Light Vehicle Production Forecast of July 17, 2024.

Flos and B&B Italia, furniture brands of Made in Italy design, take part in the Casa Italia Paris 2024 project, the hospitality house that will host the athletes and guests during the XXXIII Olympic Games, to be held in the French capital from 26 July to 11 August 2024.

Along with other design brands and contemporary Italian artists, the two companies participate for the first time at Casa Italia Paris 2024 showcasing their most iconic creations, both classic and contemporary, in the venue’s indoor and outdoor spaces, taking guests on a spectacular and evocative journey that epitomizes Italian elegance and beauty.

As Official Partner of Casa Italia Paris 2024, B&B Italia is furnishing the living, lounge and outdoor areas with some of its most recognisable products that combine unique design, quality, comfort and function as well as sustainability, an increasingly crucial element intrinsic to furniture designed to last over time. The UP Series by Gaetano Pesce, the Camaleonda sofa and Le Bambole seating by Mario Bellini, the Planck tables by Piero Lissoni, and the Allure O’ table and Flair O’ chairs by Monica Armani will furnish Casa Italia, highlighting a dialogue with the context through the choice of distinctive shapes, colours and materials.

The ongoing dialogue created by the brand’s products continues through to the outdoor lounge areas, where Casa Italia’s green spaces are dotted with products from the B&B Italia Outdoor collection, the brand’s outdoor furniture line launched in 2007. The Ribes sofas by Antonio Citterio, the Crinoline chairs by Patricia Urquiola and the Borea tables by Piero Lissoni will welcome athletes and guests creating stylish aesthetic synergies with the Le Pré Catelan gardens.

Flos has worked at the lighting project for Casa Italia Paris 2024 as Official Supplier, with the aim of making light a precious element for highlighting the works of art and the objects that enrich the setup of the Italian hospitality house, so that the exhibition and its narrative itinerary can be enjoyed both during daytime and nighttime hours. Light is used to shape the space in such a way as to create visual hierarchies among the superb items on display, without forgetting the ambient lighting needed for the celebratory events that will take place in the venue. The Flos lighting display includes some of the brand’s most recognisable suspension creations, such as cocoon models Taraxacum and Viscontea by Achille and Pier Giacomo Castiglioni and Zeppelin by Marcel Wanders. These interact with more recent and timeless collections, such as Glo-Ball by Jasper Morrison, Arrangements by Michael Anastassiades, IC and Captain Flint floor lamps, also by Anastassiades, and Bellhop Floor by Barber Osgerby.

For the exterior green spaces, Flos has chosen stylish outdoor floor lamps that create a harmonious dialogue with the surrounding architecture. These include Captain Flint Outdoor and IC Outdoor, designed by Michael Anastassiades, featuring bases in precious materials such as Tuscan imperial travertine and volcanic stone from the slopes of Mount Etna. Finally, Flos Architectural, the brand’s professional lighting division for large-scale projects, has equipped Casa Italia with innovative tech solutions that include The Tracking Magnet, an ingenious patented system with magnetic fastening LED lights in spot or linear versions for functional, efficient lighting that is also comfortable and non-invasive.

Trützschler’s next-generation carding machine entered the market in January 2024. The machines have achieved great results during tests with customers in Türkiye and in other countries. It achieved up to 40 % higher productivity while reducing energy consumption by up to -18 %.

Higher productivity, less energy consumption
Mayfil Tekstil is a leading company in the Turkish textile industry for the production of textured yarn. It is headquartered in Nilüfer/Bursa. Founded in 2005, it has grown rapidly by prioritizing customer satisfaction. In 2022, Mayfil invested in a modern vortex airjet spinning facility that can produce up to 35 tons per day. And the company was keen to take a close look at the TC 30i for man-made fibers to explore its potential to drive progress toward Mayfil’s ambitious growth plans. In February 2024, Mayfil Tekstil conducted tests with the TC 30i. The next-generation carding machine produced 140 kg/h viscose, which is more than 40 % higher than the 95 kg/h Mayfil produces with the current benchmark. The new carding machine also decreased electricity consumption by 18 %. Based on these results, Mayfil is purchasing further TC 30i cards.

Results confirmed
Göl Iplik Şeremet Tekstil Sanayi ve Ticaret A.S., located in Inegöl Bursa, operates three factories that deliver a variety of high-quality products, with a specialization in blended yarns. Investment in modern equipment and pioneering new products that expand its portfolio are at the heart of Göl Iplik’s success across almost four decades. Göl Iplik also tested the TC 30i for man-made fibers in early 2024. This Trützschler customer took a close look at the TC 30i during rigorous viscose trials. The TC 30i achieved a 40 % higher productivity rate with the same level of quality, while consuming 15 % less power. Göl Iplik now intends to include the TC 30i in its future investment strategy.

Benefits of the TC 30i

1. Best quality from any raw material: High levels of productivity and yarn quality thanks to 35 % more active flats, the longest carding length in market and the T-GO automatic carding gap optimizer.
2. Operator-independent performance: Consistent results without relying on manual operators thanks to automatic, real-time optimization of the carding gap with T-GO.
3. Value-adding waste handling: Innovative waste suction system collects and separates different types of waste. More than 50 % of card waste can be reused or sold to third parties for an attractive price.

Highlights Q2 2024 (compared with Q2 2023)

• Organic sales up 2%, with volumes up 1%; Revenue up 2%
• Operating income €270 million (2023: €279 million)
• Adjusted EBITDA €400 million (2023: €397 million); Adjusted EBITDA margin 14.4% (2023: 14.5%)
• Net cash from operating activities positive €151 million (2023: positive €305 million)

Highlights half-year 2024 (compared with half-year 2023)

• Organic sales up 2%, driven by higher volumes and positive price/mix; revenue flat
• Operating income €531 million (2023: €461 million)
• Adjusted EBITDA €763 million (2023: €702 million); Adjusted EBITDA margin 14.1% (2023: 13.0%)
• Net cash from operating activities negative €19 million (2023: positive €255 million)

Outlook
Based on current market conditions and constant currencies, AkzoNobel expects to deliver 2024 adjusted EBITDA towards the lower end of its full-year guidance range of €1.5 to €1.65 billion.

Freudenberg Performance Materials Apparel (Freudenberg Apparel) announced the production opening of its state thermal insulation factory located in Long Thanh District, Vietnam. This facility specializes in the production of comfortemp®, Freudenberg’s renowned high-performance thermal insulation material, designed to elevate fashion and sportswear apparel.

This additional new factory extends Freudenberg Apparel's thermal insulation production across key Asian markets, including the Chinese mainland and South Korea. It also significantly strengthens Freudenberg Apparel’s global production capabilities and supply network. This expansion will bolster the company's competitive edge in Asia and reaffirms its ongoing dedication to innovation and evolution within the apparel industry.

"By localizing the production of our thermal insulation materials in Vietnam, we are not only reducing lead times for our customers but also streamlining the supply chain, ensuring we continue to deliver exceptional value for customers," stated John McNabb, Chief Technology Officer at Freudenberg Performance Materials. The Vietnamese facility is equipped to produce sustainable thermal insulations, providing customers with options that align with their sustainable garment production initiatives and goals.

The German companies Brückner, Groz-Beckert, the Karl Mayer Group and Thies invite representatives of the Brazilian textile industry to a symposium with presentations and discussion panels in Blumenau, Brazil, on August 21, 2024. The event will be held at NS Armazém, Fortaleza, Blumenau and will focus on the current demand trend for warp knitted elastic fabrics.

The aim of the symposium is to provide a platform where knowledge can be exchanged and cooperation intensified. The symposium offers a wide variety of technical presentations as well as best practice examples and showcases cutting-edge technologies and innovations in warp knitting technology.

Interactive sessions and discussion rounds promote exchange among participants and provide networking opportunities. The event language is Portuguese.

Those interested in attending the symposium may contact the sales representatives: Frank Bernhard or Fabricio Rampani (Brückner, Thies & Karl Mayer), or Diomar Gomes Vieira (Groz-Beckert) to register.

Decathlon kündigt die Einführung von drei innovativen neuen Apps an, die für Apple Vision Pro entwickelt wurden.

Die neuen Apps zielen darauf ab, das Erlebnis für Apple Vision Pro-Nutzer und Decathlon-Kund:innen zu verbessern. Dabei werden Decathlon-Produkte in 3D und in realer Größe in ihrer gewünschten Umgebung visualisiert, die Geschichten hinter den Produkten erzählt und Kaufoptionen aufgeführt.

Die erste App mit dem Namen Decathlon ist im Shopping-Bereich der Apple Vision Pro in Frankreich, Deutschland und Großbritannien verfügbar. Die App ermöglicht es den Nutzern, im Online-Katalog von Decathlon zu stöbern und die richtigen Produkte für ihre sportlichen Abenteuer zu kaufen.

Die zweite App, Decathlon Innovation, die in Großbritannien und Frankreich gestartet wurde, stellt die neuesten Produkte vor und bietet den Nutzern ein tieferes Verständnis der technologischen Fortschritte hinter ihren Lieblingssportgeräten.

Die dritte App, Quechua Virtual Showroom, wird exklusiv im Decathlon Surrey Quays Store in London verfügbar sein. Sie ermöglicht es den Kund:innen, Produkte virtuell zu testen und auszuwählen, wodurch ihr Einkaufserlebnis interaktiver wird.

Die neuen immersiven Apps ergänzen die bestehende Decathlon Shopping-App, die seit dem 28. Juni 2024 in Japan und seit dem 2. Februar 2024 in den USA verfügbar ist.

Archroma is collaborating with Zydat Inc. to bring the complete Color Atlas by Archroma® color library to the Vivid Color Library Management (CLM) color-matching platform for faster and more accurate inkjet digital printing of fashion and textiles

Archroma’s Color Atlas is the textile industry’s largest library of engineered color standards, with more than 5,760 color references formulated to comply with leading eco-standards and deliver consistent and accurate color reproduction.

With these colors available within Vivid CLM’s online color palette optimization and correction tools, designers can more quickly and easily create and share their color palettes for more accurate inkjet printing. This can reduce the burden of pre-production color proofing and streamline the color management process to help deliver high-quality printed fabric and apparel in a fast and economical way.

Vivid CLM was launched by Zydat in February 2024. It offers a unique and designer-oriented solution to color matching with a proprietary algorithm that translates complex spectral data into a Red-Green-Blue workflow and allows the user to print, scan and check the color, with automatic adjustments to improve accuracy. The solution’s palette storage system allows colorists to share palettes across the ecosystem.

In addition to accessing all of the 5,760 colors in the Archroma Color Atlas portfolio as digital standards within Vivid CLM, users of the software may also choose to refer to Archroma’s physical color library in multiple formats. They can also tap into Archroma’s expertise around the world for technical support with sustainable coloration systems and achievability on alternate substrates.

The Color Atlas by Archroma® is part of the Archroma Color Management+ design and development solution for more sustainable textiles and fashion through fast color selection and creation, consistent and accurate color reproduction, and reduced environmental impact.

STOLL was also represented with a stand at this year's Pitti Filati. The flat knitting machine specialist of the KARL MAYER GROUP introduced its new trend collection NOCTURNO and developments from STOLL ITALIA, which were created in collaboration with the yarn manufacturer IAFIL Industria Ambrosiana Filati S.p.A. The digital software products of the CREATE family were demonstrated on request.

In addition to its participation as an exhibitor, STOLL, together with three other companies, led the "Training Days" project at Pitti Filati designed for the professional development of the entire community of operators.

STOLL's trade fair presentation at this year's Pitti Filati was organised by its subsidiary STOLL ITALIA and was a complete success.

adidas announced preliminary results for the second quarter of 2024. In Q2, currency-neutral revenues increased 11% versus the prior year. In euro terms, the company’s revenues grew 9% to € 5.822 billion (2023: € 5.343 billion). Excluding Yeezy sales in both years, currency-neutral revenues increased 16% during the quarter.

The company’s gross margin reached 50.8% in Q2 (2023: 50.9%). The underlying adidas gross margin improved strongly, reflecting better sell-throughs, reduced discounting, lower sourcing costs and a more favorable category mix. The significantly smaller Yeezy business had a negative impact on the year-over-year comparison. The company’s second quarter operating profit increased to € 346 million (2023: € 176 million), including a contribution of around € 50 million from the sale of parts of the remaining Yeezy inventory.

Following the better-than-expected performance during the quarter and considering the current momentum, the company has increased its full-year guidance. adidas now expects currency-neutral revenues to increase at a high-single-digit rate in 2024 (previously: increase at a mid- to high-single-digit rate). The company’s operating profit is now expected to reach a level of around € 1.0 billion (previously: to reach a level of around € 700 million).

Within its guidance, the company assumes the sale of the remaining Yeezy inventory during the remainder of the year to occur on average at cost. This would result in additional sales of around € 150 million and no further profit contribution during the remainder of the year.

The company continues to expect unfavorable currency effects to weigh significantly on the company’s profitability this year. These effects are negatively impacting both reported revenues and the gross margin development in 2024. This was particularly the case during the first half of the year.