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Discover Latest #Foreign Currency News, Articles and Videos with Contenting

Foreign currency news, articles, and videos can be found in a variety of sources, including online news sites, financial publications, and other websites. For example, The Wall Street Journal and Reuters both regularly publish stories related to foreign currency markets. There are also numerous blogs and websites devoted to discussing foreign currency trading and the impact of international exchange rates. Additionally, many central banks and finance ministries provide their own websites and resources with up-to-date information and analysis. Finally, YouTube and other video streaming sites are good sources for informational videos, interviews, and tutorials related to foreign currency and forex trading.

ForexTV

03.01.2025

Lifecore Biomedical Reports Second Quarter Fiscal 2025 Financial Results and Provides Corporate Update - ForexTV

-- Recorded Revenues of $32.6 Million for Q2 Fiscal 2025 -- -- Signed Multiple Development Agreements with New Customers -- -- Strengthened Balance Sheet with Financing Raising Approximately $24.3 Million, and Favorable Restructuring of Credit Facility with BMO -- Conference Call Today at 4:30pm ET CHASKA, Minn., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Lifecore Biomedical, Inc. (NASDAQ: LFCR) (“Lifecore”), a fully integrated contract development and manufacturing organization (“CDMO”), today announced its financial results for the second quarter of fiscal 2025. Highlights from Second Quarter of Fiscal 2025: “The second quarter was a very productive time at Lifecore. Our achievements during the period spanned finance, operations and business development, all of which supported our overall growth strategy. Revenues in the period were strong and in line with our fiscal year guidance. Gross margins improved during the period as compared to our first quarter margins, reflecting greater leverage of our overhead costs across increased revenues and favorable sales mix. Our business development team was successful in signing multiple new projects. And importantly, our balance sheet was materially strengthened during the period with the combination of the successful completion of our previously announced equity financing, and the restructuring of our revolving credit facility with BMO on significantly improved terms to Lifecore,” stated Paul Josephs, president and chief executive officer of Lifecore. Second Quarter Developments New Business The company signed two new project agreements during the second quarter with new customers, adding to its early stage development pipeline. This included Nirsum Laboratories selecting Lifecore to provide CDMO services focused on supporting Nirsum’s clinical development of its lead development candidate, NRS-033. Capabilities and Capacity During the quarter, the company successfully completed the installation and qualification of its high-speed, multi-purpose 5-head isolator filler, which is now GMP-ready. With the addition of the 5-head isolator filler, which is designed for fill/finish activities for vials, cartridges, and pre-filled syringes, the company has more than doubled its capacity, creating maximum revenue-generating potential of up to $300 million annually, based on historical fiscal year 2024 revenues, projected development pipeline, and new business pricing, volume and other assumptions. Financial and Corporate In September, Lifecore announced that the company received written notice from the Nasdaq Listing Qualifications Department stating that it had regained compliance with the filing and annual meeting requirements in the Nasdaq Listing Rules, and Nasdaq had ceased any action to delist the company’s common stock. In October, the company announced the successful closing of a $24.3 million private placement of 5,928,775 shares of its common stock with new and existing shareholders. In November, the company announced the successful amendment and extension of its revolving credit facility with its existing lender, BMO. The terms of the amendment provide for, among other things, a three-year extension, as well as a reduction in interest rates that the company believes has further strengthened its balance sheet and overall financial position. During the second quarter, the company executed multiple key leadership changes, appointing exceptional talent across the organization to execute its ambitious growth strategy. Appointments included Ryan Lake as chief financial officer, Brikkelle Thompson as senior vice president of human resources, Thomas Guldager as vice president, operations, and Jackie Klecker as executive vice president, quality and development services. Consolidated Second Quarter Fiscal 2025 Financial Results Revenues for the three months ended November 24, 2024, were $32.6 million, an increase of 8% compared to $30.2 million for the comparable prior year period. The increase in revenues was primarily due to a $1.9 million increase in CDMO revenues, which increase comprised $3.8 million of higher sales volume from the company’s largest customer, partially offset by $1.9 million of lower sales volume from other CDMO customers. In addition, hyaluronic acid (“HA”) manufacturing revenues increased $0.5 million primarily from increased revenue from a customer due to timing, with increased shipments in the second quarter of 2025. Gross profit for the three months ended November 24, 2024, was $11.1 million, compared to $10.0 million for the same period last year. The $1.1 million increase in gross profit is primarily due to a $1.6 million increase in CDMO gross profit as a result of price increases to certain customers partially offset by a $0.5 million decrease in HA manufacturing gross profit due to manufacturing variances. Selling, general and administrative expenses for the three months ended November 24, 2024, were $11.1 million, compared to $9.3 million for the same period last year. The increase was primarily due to increases in non-cash stock-based compensation expense of $1.8 million, the majority of which was related to new hire performance stock unit grants to principal executive officers. Interest expense was $5.5 million for the three months ended November 24, 2024, an increase compared to $4.1 million for the same period last year. The increase was primarily a result of $1.0 million of increased interest expense related to the Alcon term loan debt, primarily related to amortization of the debt discount. There was also a reduction in capitalized interest of $0.3 million due to decreased fixed asset construction activities. For the three months ended November 24, 2024, the company recorded net loss of $6.6 million and $0.25 of loss per diluted share, as compared to net income of $14.2 million and $0.39 of income per diluted share, for the same period last year, which included an unusually large favorable $20.7 million non-cash fair market value adjustment to its debt derivative liability associated with its term loan credit facility. Adjusted EBITDA* for the three months ended November 24, 2024, was $6.5 million, an increase of $1.1 million compared to $5.4 million in the prior year period. The increase in Adjusted EBITDA was primarily due to the increase in gross profit. Consolidated First Six Months Fiscal 2025 Financial Results Revenues for the six months ended November 24, 2024, were $57.3 million, an increase of 5% compared to $54.7 million for the comparable prior year period. The increase in revenues was due to a $2.0 million increase in HA manufacturing revenues primarily due to higher sales volume from the company’s largest customer and a $0.6 million increase in CDMO revenues, which increase comprised $3.3 million of higher sales volume from that customer, partially offset by a customer working down inventory levels built in the prior year period of $2.6 million. Gross profit for the six months ended November 24, 2024, was $16.5 million, compared to $12.7 million for the same period last year. The $3.8 million improvement in gross profit is due to a $5.1 million increase in CDMO gross profit which reflected a $3.2 million increase due to price increases to certain customers and a $1.9 million increase due to a favorable sales mix, partially offset by a $1.0 million write-down on existing inventories to their net realizable value and a $0.3 million decrease in HA manufacturing gross profit due to manufacturing variances. Selling, general and administrative expenses for the six months ended November 24, 2024, were $25.9 million, compared to $18.5 million for the same period last year. The increase was primarily due to a $4.4 million increase in professional fees, including legal fees related to the civil litigation related to Yucatan Foods and the stockholder activist settlement. Additionally, non-cash stock-based compensation expense increased by $2.7 million, the majority of which was related to performance stock unit grants to principal executive officers. Interest expense was $10.8 million for the six months ended November 24, 2024, an increase compared to $8.0 million for the same period last year. The increase was primarily a result of $1.9 million of increased interest expense related to the Alcon term loan debt, primarily related to amortization of the debt discount. There was also a reduction in capitalized interest of $0.6 million due to decreased fixed asset construction activities. For the six months ended November 24, 2024, the company recorded net loss of $22.8 million and $0.76 of loss per diluted share, as compared to net income of $3.5 million and $0.10 of income per diluted share, for the same period last year, which included an unusually large favorable $20.9 million non-cash fair market value adjustment to its debt derivative liability associated with its term loan credit facility. Adjusted EBITDA* for the six months ended November 24, 2024, was $4.7 million, a $1.3 million increase from $3.4 million in the prior year period. The increase in Adjusted EBITDA was primarily due to the increase in gross profit, partially offset by increased legal and audit costs. *Adjusted EBITDA is a non-GAAP financial measure (see reconciliation of non-GAAP financial measures in this release). Earnings Webcast Lifecore Biomedical will host a conference call today, January 2, 2025, at 4:30 p.m. ET to discuss the company’s second quarter fiscal 2025 financial results. The webcast can be accessed via Lifecore’s Investor Events & Presentations page at: https://ir.lifecore.com/events-presentations. An archived version of the webcast will be available on the website for 30 days. About Lifecore Biomedical Lifecore Biomedical, Inc. is a fully integrated contract development and manufacturing organization (CDMO) that offers highly differentiated capabilities in the development, fill and finish of sterile injectable pharmaceutical products in syringes, vials and cartridges, including complex formulations. As a leading manufacturer of premium, injectable-grade hyaluronic acid, Lifecore brings more than 40 years of expertise as a partner for global and emerging biopharmaceutical and biotechnology companies across multiple therapeutic categories to bring their innovations to market. For more information about the company, visit Lifecore’s website at www.lifecore.com. Non-GAAP Financial Information This press release contains non-GAAP financial information, including Adjusted EBITDA. The company has included a reconciliation of Adjusted EBITDA to Net (loss) income, the most directly comparable financial measure calculated in accordance with GAAP. See the section entitled “Non-GAAP Reconciliations” in this release for the company’s definition of Adjusted EBITDA and a reconciliation thereof to Net (loss) income. The company has disclosed these non-GAAP financial measures to supplement its consolidated financial statements presented in accordance with GAAP. These non-GAAP financial measures exclude/include certain items that are included in the company’s results reported in accordance with GAAP. Management believes these non-GAAP financial measures provide useful additional information to investors about trends in the company’s operations and are useful for period-over-period comparisons. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures. In addition, these non-GAAP financial measures may not be the same as similar measures provided by other companies due to the potential differences in methods of calculation and items being excluded/included. These non-GAAP financial measures should be read in conjunction with the company’s consolidated financial statements presented in accordance with GAAP. Important Cautions Regarding Forward-Looking Statements This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbor created under the Private Securities Litigation Reform Act of 1995 and other safe harbors under the Securities Act of 1933 and the Securities Exchange Act of 1934. Words such as “anticipate”, “estimate”, “expect”, “project”, “plan”, “intend”, “believe”, “may”, “might”, “will”, “should”, “can have”, “likely” and similar expressions are used to identify forward-looking statements. In addition, all statements regarding our current operating and financial expectations in light of historical results, anticipated capacity and utilization, anticipated liquidity, and anticipated future customer relationships usage are forward-looking statements. All forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially, including such factors among others, as the company’s ability to successfully enact its business strategies, including with respect to installation, capacity generation and its ability to attract demand for its services, its ability expand its relationship with its existing customers or attract new customers, the impact of inflation on the company’s business and financial condition, indications of a change in the market cycles in the CDMO market; changes in business conditions and general economic conditions both domestically and globally including rising interest rates and fluctuation in foreign currency exchange rates, access to capital; and other risk factors set forth from time to time in the company’s SEC filings, including, but not limited to, the Annual Report on Form 10-K for the year ended May 26, 2024 (the “2024 10-K”). For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in the 2024 10-K. Forward-looking statements represent management’s current expectations as of the date hereof and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.  LIFECORE BIOMEDICAL, INC.CONSOLIDATED CONDENSED BALANCE SHEETS(In thousands, except share and par values)  November 24, 2024 May 26, 2024 (unaudited)  ASSETSCurrent Assets:   Cash and cash equivalents$9,455  $8,462 Accounts receivable, less allowance for credit losses 20,177   20,343 Accounts receivable, related party 10,126   10,810 Inventories, net 39,214   39,979 Prepaid expenses and other current assets 2,886   1,439 Total Current Assets 81,858   81,033     Property, plant, and equipment, net 150,576   149,165 Operating lease right-of-use assets 2,304   2,442 Goodwill 13,881   13,881 Intangible assets, net 4,200   4,200 Other long-term assets 2,567   3,239 Total Assets$255,386  $253,960     LIABILITIES, CONVERTIBLE PREFERRED STOCK, AND STOCKHOLDERS’ EQUITYCurrent Liabilities:   Accounts payable$14,967  $16,334 Accrued compensation 4,631   6,165 Other accrued liabilities 9,866   9,354 Current portion of lease liabilities 4,116   4,133 Deferred revenues 426   1,088 Deferred revenues, related party 511   1,025 Current portion of long-term debt, related party 773   773 Total Current Liabilities 35,290   38,872     Long-term debt, less current portion, net, related party 110,528   100,819 Revolving credit facility 8,500   19,691 Debt derivative liability, related party 23,300   25,400 Long-term lease liabilities, less current portion 7,423   4,944 Deferred taxes, net 552   543 Deferred revenues, less current portion, related party 4,880   4,703 Other non-current liabilities 5,153   5,086 Total Liabilities 195,626   200,058     Convertible Preferred Stock, $0.001 par value; 2,000,000 shares authorized; 44,068 and 42,461 shares issued and outstanding, redemption value $44,619 and $42,991 44,311   42,587     Stockholders’ Equity:   Common Stock, $0.001 par value; 75,000,000 and 50,000,000 shares authorized; 36,980,790 and 30,562,961 shares issued and outstanding 37   30 Additional paid-in capital 206,868   177,808 Accumulated deficit (191,456)  (166,523)Total Stockholders’ Equity 15,449   11,315 Total Liabilities, Convertible Preferred Stock, and Stockholders’ Equity$255,386  $253,960  LIFECORE BIOMEDICAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) (In thousands, except share and per share values)  Three Months Ended Six Months Ended November 24, 2024 November 26, 2023 November 24, 2024 November 26, 2023Revenues$19,534  $20,522  $36,327  $37,475 Revenues, related party 13,030   9,628   20,942   17,197 Total Revenues 32,564   30,150   57,269   54,672 Cost of goods sold 21,480   20,193   40,798   41,987 Gross profit 11,084   9,957   16,471   12,685         Operating costs and expenses:       Research and development 1,924   2,098   4,110   4,244 Selling, general, and administrative 11,119   9,342   25,904   18,538 Total operating costs and expenses 13,043   11,440   30,014   22,782 Operating loss (1,959)  (1,483)  (13,543)  (10,097)        Interest expense, net (842)  (832)  (1,810)  (1,625)Interest expense, related party (4,623)  (3,241)  (9,023)  (6,385)Change in fair value of debt derivative liability, related party 1,200   20,700   2,100   20,900 Other expense, net (304)  (967)  (507)  (1,138)(Loss) income from continuing operations before income taxes (6,528)  14,177   (22,783)  1,655 Income tax (expense) benefit (43)  65   (18)  (23)(Loss) income from continuing operations (6,571)  14,242   (22,801)  1,632 (Loss) income from discontinued operations —   (24)  —   1,832 Net (loss) income (6,571)  14,218   (22,801)  3,464 Fair value of conversion ratio improvement to preferred stockholders (2,132)  —   (2,132)  — (Loss) income available to common stockholders$(8,703) $14,218  $(24,933) $3,464         Basic income or loss per share:       (Loss) income from continuing operations available to common stockholders$(0.25) $0.47  $(0.76) $0.05 Income from discontinued operations —   —   —   0.06 Basic (loss) income per share$(0.25) $0.47  $(0.76) $0.11         Diluted income or loss per share:       (Loss) income from continuing operations available to common stockholders$(0.25) $0.39  $(0.76) $0.05 Income from discontinued operations —   —   —   0.05 Diluted (loss) income per share$(0.25) $0.39  $(0.76) $0.10         Shares used in income or loss per share computations:       Basic 34,360,657   30,458,032   32,609,808   30,430,712 Diluted 34,360,657   36,419,103   32,609,808   36,397,352  Non-GAAP Financial Reconciliations Adjusted EBITDA is a non-GAAP financial measure. We define Adjusted EBITDA as net income or loss before (i) interest expense, net of interest income, (ii) income tax expense (benefit), (iii) depreciation and amortization, (iv) stock-based compensation, (v) change in fair value of debt derivatives, (vi) financing fees (non-interest), (vii) reorganization costs, (viii) restructuring costs, (ix) franchise tax equivalent to income tax, (x) contract cancellation costs, (xi) loss (income) from discontinued operations (xii) stockholder activist settlement costs, and (xiii) start-up costs, as well as any items that may arise from time to time that, in management’s judgment, significantly affect the assessment of earnings results between periods. See “Non-GAAP Financial Information” above for further information regarding the Company’s use of non-GAAP financial measures.  Three Months Ended Six Months Ended(in thousands)November 24, 2024 November 26, 2023 November 24, 2024 November 26, 2023Net (loss) income (GAAP) (6,571)  14,218   (22,801)  3,464 Interest expense, net 5,465   4,073   10,833   8,010 Income tax expense (benefit) 43   (65)  18   23 Depreciation and amortization 2,044   1,987   4,037   3,934 Stock-based compensation 3,372   1,577   5,791   3,110 Change in fair value of debt derivatives (1,200)  (20,700)  (2,100)  (20,900)Financing fees (non-interest) 368   1,108   643   1,361 Reorganization costs (a) 2,463   2,162   6,055   4,899 Restructuring costs (a) 404   157   887   147 Franchise tax equivalent to income tax 50   94   100   176 Contract cancellation costs —   297   —   297 Loss (income) from discontinued operations —   24   —   (1,832)Stockholder activist settlement (a) 78     1,260   — Start-up costs —   487   —   726 Adjusted EBITDA$6,516  $5,419  $4,723  $3,415  (a) Restructuring, reorganization and stockholder activist settlement costs of $2.9 million and $8.2 million were incurred for the three and six months ended November 24, 2024, respectively. Restructuring, reorganization and stockholder activist settlement costs of $2.3 million and $5.0 million were incurred for the three and six months ended November 26, 2023, respectively. These costs primarily related to elevated accounting fees associated with the fiscal 2024 audit, legal expenses, consulting fees and severance costs from the restructuring reductions in force and former CEO in fiscal year 2024 and former CFO departure in fiscal year 2025.2025 Guidance Compared to Fiscal Year 2024 Results (in thousands)Fiscal Year Ending Fiscal Year EndedMay 25, 2025 May 26, 2024 (estimate)  Net (loss) income (GAAP) (a)$(28,600) — $(26,600) $12,013Interest expense, net22,000 18,090Income tax expense (benefit)— 183Depreciation and amortization8,300 7,954Stock-based compensation10,900 6,201Change in fair value of debt derivatives(4,900) (39,500)Financing fees (non-interest)700 3,513Reorganization costs (b)7,600 9,796Restructuring costs (b)1,400 1,656Franchise tax equivalent to income tax300 272Contract cancellation costs— 567Loss (income) from discontinued operations— (2,682)Stockholder activist settlement (b)1,300 459Start-up costs— 1,684Adjusted EBITDA$19,000 — $21,000 $20,206 (a) We previously estimated net loss to be $25.9 million to $23.9 million, which we now estimate will be $28.6 million to $26.6 million. The increase is due to higher stock-based compensation, interest expense, former CFO severance, and elevated legal expenses related to the civil litigation.(b) We previously estimated restructuring, reorganization, stockholder activist settlement costs to be $9.9 million, which we now estimate will be approximately $10.3 million of which $8.2 million was incurred in the six months ended November 24, 2024. The overage is due to former CFO severance and elevated legal expenses related to the civil litigation. CONTACT: Lifecore Biomedical, Inc. Contact Information: Stephanie Diaz (Investors) Vida Strategic Partners 415-675-7401 sdiaz@vidasp.com Tim Brons (Media) Vida Strategic Partners 415-675-7402 tbrons@vidasp.com Ryan D. Lake (CFO) Lifecore Biomedical 952-368-6244 ryan.lake@lifecore.com

ForexTV

09.01.2025

SIKA POSTS RECORD SALES OF CHF 11.76 BILLION IN 2024 – GROWTH OF 7.4% IN LOCAL CURRENCIES - ForexTV

Ad Hoc Announcement Pursuant to Article 53 of the SIX Exchange Regulation Listing Rules SIKA POSTS RECORD SALES OF CHF 11.76 BILLION IN 2024 – GROWTH OF 7.4% IN LOCAL CURRENCIES Sika posts record sales of CHF 11.76 billion (+4.7% in CHF) in 2024Sales growth of 7.4% in local currencies (foreign currency impact of -2.7%)Strong acquisition momentum: MBCC integration with higher synergies and local acquisition of Kwik Bond in the USA, Vinaldom in the Dominican Republic, and Chema in PeruOrganic growth of 1.1% for the full year and 1.7% for the second half of the yearInvestment in further growth: commissioning of new plants in Peru, China and IndonesiaOutlook for fiscal 2024: Over-proportional increase in EBITDA expectedConfirmation of 2028 strategic targets for sustainable, profitable growth In the past fiscal year, Sika achieved record sales of CHF 11.76 billion (previous year: CHF 11.24 billion) amidst continued extremely challenging market conditions. In local currencies this corresponds to an increase of 7.4%. Sales growth in Swiss francs amounted to 4.7%. This figure includes a negative currency effect of -2.7%. Organic growth rose slightly and was 1.1% above the previous year’s level. Organic growth of 1.7% was achieved in the second half of the year. Sika thus succeeded in expanding its market share in a targeted manner in the final quarter of the year. Thomas Hasler, Chief Executive Officer: “Over the past 12 months, Sika posted a strong performance in a market environment that remains challenging and achieved a new record in terms of sales. Our growth initiatives, our high-performing and sustainable innovations, and our systematic sales strategy aimed at further market penetration are successful and lead to market share gains. Our 33,000 employees produced an excellent performance in challenging markets and successfully advanced the MBCC integration. With their performance-oriented mindset, they have made a significant contribution to Sika’s success, and I would like to thank them most sincerely.” GROWTH AND MARKET SHARE GAINS IN ALL REGIONS In general, the growth trends of the first nine months also continued in the final quarter of fiscal 2024. All regions performed well and contributed to Sika’s further growth and the systematic expansion of market share. The EMEA region (Europe, Middle East, Africa) reported a sales increase in local currencies of 7.3% (previous year: 14.8%). In 2024, the market environment in the European construction markets was very challenging. The countries in the Middle East and Africa were able to greatly expand their business activities. Contrary to the market trend, Sika was able to perform well in a negative market in Germany, while southern countries such as Italy and Spain achieved slight growth over the course of the year. The automotive and industrial business declined. This is due in particular to falling demand for new vehicles in Europe. Only the sale of hybrid vehicles increased in 2024. In local currency terms, the Americas region achieved an 11.2% increase in sales (previous year: 14.9%). Sika USA in particular posted steady, strong growth. State-supported infrastructure projects and commercial construction projects that are being implemented as part of the drive to relocate production in the USA are supporting the positive trend. Thanks to Sika’s local presence and strong position in the refurbishment business, Sika outperformed the market. Latin America also contributed to the positive trend in the region with solid growth. In the past fiscal year, Sika completed a major acquisition in the field of bridge rehabilitation in acquiring Kwik Bond, a US-based manufacturer of polymer systems for the renovation of concrete infrastructures. Sika also took over Vinaldom, an established family-run company in the Dominican Republic that produces high-quality product solutions for concrete construction. In Peru, Sika completed the acquisition of Chema, a leading manufacturer of mortar solutions with broad-based access to the distribution market. In addition, an ultra-modern plant for the production of synthetic macro fibers used to strengthen concrete structures was commissioned. With this innovative technology, Sika is further strengthening its position as a leading supplier to the mining industry and a strong partner for challenging infrastructure projects. Sales in the Asia/Pacific region rose by 2.4% in local currencies (previous year: 15.2%). Despite government support measures, the Chinese construction market remains markedly negative. This is reflected particularly in Sika’s declining project business and, to some extent, in its distribution business. By contrast, Southeast Asia picked up momentum over the course of 2024 and achieved high single-digit organic growth. In the automotive and industry business, Sika continued to increase the share of its technologies in vehicles of local and international manufacturers in China, Japan, and India. In Liaoning, the largest province in northeastern China, Sika opened a state-of-the-art plant that produces mortar, tile adhesives, and sealant solutions. Sika can thus benefit from local demand in the distribution business and generate future growth. Moreover, Sika more than doubled production capacity at its plant in Bekasi, the largest production facility in Indonesia. OUTLOOK CONFIRMEDSika is confident that it will be able to successfully continue its strategy of sustainable and profitable growth in a slowly recovering economic environment. For the 2024 fiscal year Sika expects an over-proportional increase in EBITDA. The complete results will be published on February 21, 2025. FINANCIAL CALENDAR   Media conference/analyst presentation Friday, February 21, 2025on the 2024 full-year results  57th Annual General Meeting Tuesday, March 25, 2025  Net sales first quarter 2025 Tuesday, April 15, 2025Half-Year Report 2025 Tuesday, July 29, 2025Results first nine months 2025 Friday, October 24, 2025Net sales 2025 Thursday, January 8, 2026    SIKA CORPORATE PROFILESika is a specialty chemicals company with a globally leading position in the development and production of systems and products for bonding, sealing, damping, reinforcing, and protection in the building sector and industry. Sika has subsidiaries in 103 countries around the world, produces in over 400 factories, and develops innovative technologies for customers worldwide. In doing so, it plays a crucial role in enabling the transformation of the construction and transportation industries toward greater environmental compatibility. In 2024, Sika’s around 33,000 employees generated annual sales of CHF 11.76 billion. CONTACTDominik SlappnigCorporate Communications &Investor Relations+41 58 436 68 21slappnig.dominik@ch.sika.com The media release can be downloaded from the following link:Media Release

ForexTV

13.01.2025

Sensex, Nifty Extending Losses To 4th Straight Day - ForexTV

Indian stock markets began the week in a downward trend on Monday morning, influenced by concerns over the Federal Reserve's potential decision to maintain interest rates at their current levels for an extended period. This outlook follows unexpectedly robust U.S. non-farm payroll employment figures for December.Investors are proceeding with caution as they analyze India's industrial production data, with a keen eye on the nation's consumer price inflation statistics, slated for release after today's trading session. Escalating crude oil prices also contribute to the market's subdued performance.The BSE Sensex index, which plummeted more than 800 points in initial trading, recently stood at 76,803.40, reflecting a decline of 575.51 points or 0.74%. Meanwhile, the broader Nifty50 index of the National Stock Exchange, after hitting a low of 23,195.40, recovered slightly to 23,232.80, although it remains significantly down by 198.70 points or 0.85%.Mounting selling pressure is impacting stocks across various sectors, including automotive, real estate, pharmaceuticals, oil, metals, FMCG, consumer durables, and banking.Zomato, experiencing a decline of over 4%, is currently the biggest loser within the Sensex. Other notable decliners include Tata Steel, Adani Ports, Asian Paints, M&M, Power Grid Corporation, Sun Pharmaceuticals, and Tech Mahindra, which are down between 1.5% and 2.3%.Kotak Bank, UltraTech Cement, Bajaj Finance, Tata Motors, ICICI Bank, ITC, Bajaj Finserv, Bharti Airtel, and HDFC Bank have also registered losses ranging from 1% to 1.4%.In contrast, IndusInd Bank and Axis Bank are witnessing gains of 1.8% and 1.6%, respectively. Tata Consultancy Services and Infosys are showing modest increases.On the Nifty50 index, Trent is the largest decliner with a loss of 4.7%. Other stocks under pressure include Adani Enterprises, Apollo Hospitals Enterprises, BPCL, Grasim Industries, Eicher Motors, Wipro, ONGC, Tech Mahindra, BEL, HeroMotoCorp, Cipla, and Bajaj Auto.According to recent data from the Reserve Bank of India released on Friday, the country's foreign exchange reserves decreased by $5.7 billion, totaling $634.59 billion for the week ending January 3. Foreign currency assets specifically saw a reduction of $6.441 billion, bringing them to $545.48 billion.The Ministry of Statistics and Programme Implementation reported that India's industrial production increased by 5.2% year-over-year in November, surpassing the 3.7% rise in October and above the anticipated 4% growth.Manufacturing output surged by 5.8% annually, compared to a 4.4% increase in October. Mining growth accelerated to 1.9% from 0.9%, and electricity production improved by 4.4% over the previous year, up from 2% in October.The annual inflation rate in India reduced to 5.48% in November 2024 from 6.21% in October, approaching the central bank's upper tolerance limit of 6%, which is 2 percentage points above its target of 4%.The material has been provided by InstaForex Company - www.instaforex.com

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