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Natura and Avon Integration in Latam Continuing to Drive Healthier Profitability

Retrieved on:

Martedì, Maggio 14, 2024

TBS, Second wave, Flood, Tax, Community, Yoy, News, Investment, PPA, Wave, Marketing, FX, Growth, Consultant, BRL, P&L, G&A, CC, Telehealth, Pharmaceutical industry

SÃO PAULO, May 14, 2024 /PRNewswire/ -- Natura &Co's (B3: NTCO3) first quarter 2024 financial results (Q1-24), released today, showed increased profitability driven by solid results from Natura &Co Latam, which is benefiting from the integration of Natura and Avon in the region (referred to as 'Wave 2'), coupled with richer country and brand mix. This more than offset the margin contraction at Avon International amid sales deleveraging. Natura &Co's consolidated net revenue reached BRL 6.1 billion in Q1-24, up 1.1% vs Q1-23 in constant currency (CC) and down 5.7% year-on-year (YoY) in Brazilian Reais (BRL).

Key Points:

At Natura &Co Latam, Q1-24 revenues grew 3.1% YoY in CC.
Avon International had a slow start in Q1 in terms of revenue, down by 4.7% YoY in CC.
Despite a decrease in revenue, primarily attributed to challenges in the direct selling channel, Avon showed resilience in other areas.
Avon International had a slow start of the year, following a solid Q4 2023 profitability performance.

Natura and Avon Integration in Latam Continuing to Drive Healthier Profitability

Retrieved on:

Martedì, Maggio 14, 2024

TBS, Second wave, Flood, Tax, Community, Yoy, News, Investment, PPA, Wave, Marketing, FX, Growth, Consultant, BRL, P&L, G&A, CC, Telehealth, Pharmaceutical industry

SÃO PAULO, May 14, 2024 /PRNewswire/ -- Natura &Co's (B3: NTCO3) first quarter 2024 financial results (Q1-24), released today, showed increased profitability driven by solid results from Natura &Co Latam, which is benefiting from the integration of Natura and Avon in the region (referred to as 'Wave 2'), coupled with richer country and brand mix. This more than offset the margin contraction at Avon International amid sales deleveraging. Natura &Co's consolidated net revenue reached BRL 6.1 billion in Q1-24, up 1.1% vs Q1-23 in constant currency (CC) and down 5.7% year-on-year (YoY) in Brazilian Reais (BRL).

Key Points:

At Natura &Co Latam, Q1-24 revenues grew 3.1% YoY in CC.
Avon International had a slow start in Q1 in terms of revenue, down by 4.7% YoY in CC.
Despite a decrease in revenue, primarily attributed to challenges in the direct selling channel, Avon showed resilience in other areas.
Avon International had a slow start of the year, following a solid Q4 2023 profitability performance.

Finastra integrates AI ESG scoring into trade and supply chain finance offering with TradeSun

Retrieved on:

Martedì, Aprile 16, 2024

OCR, Risk, Fintech, Partnership, Taxonomy, Intelligence, SVP, ESG, Finastra, Risk assessment, Organization, Second wave, Retail

LONDON, April 16, 2024 /PRNewswire/ -- Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.

Key Points:

The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring.
This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.
Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.
This unique trade digitization product has ESG assessment built-in, offered in line with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

Finastra integrates AI ESG scoring into trade and supply chain finance offering with TradeSun

Retrieved on:

Martedì, Aprile 16, 2024

OCR, Risk, Fintech, Partnership, Taxonomy, Intelligence, SVP, ESG, Finastra, Risk assessment, Organization, Second wave, Retail

LONDON, April 16, 2024 /PRNewswire/ -- Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.

Key Points:

The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring.
This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.
Captured information provides insight into international business activity, risk assessment, regulation compliance, geopolitical risk, due diligence, and supply chain analysis.
This unique trade digitization product has ESG assessment built-in, offered in line with the ICC Principles for Sustainable Trade, Wave 2, Pilot Program.

Homeownership feels out of reach for 76 per cent of Canadians who don't own property: CIBC Poll

Retrieved on:

Giovedì, Aprile 11, 2024

Housing, Family, Wave 1, Probability, CIBC, Second wave, Cryptocurrency

Among non-owners, overpriced markets (70 per cent) and the inability to save for a down payment (63 per cent) are cited as the main barriers to achieving their homeownership goal.

Key Points:

Among non-owners, overpriced markets (70 per cent) and the inability to save for a down payment (63 per cent) are cited as the main barriers to achieving their homeownership goal.
At the same time, only 28 per cent of non-owners say they are currently saving for a down payment.
"Housing affordability is a challenge across the country and many Canadians could use guidance on how to make their homeownership dream a reality," said Carissa Lucreziano, Vice-President, Financial Planning and Advice, CIBC.
48 per cent of Canadians are considering moving outside a major city to get more for their money.

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on:

Martedì, Marzo 12, 2024

Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points:

At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

Another quarter of improved margins driving turnaround on profitability at Natura &Co

Retrieved on:

Martedì, Marzo 12, 2024

Growth, BRL, Business, ADR, Sale, Quality of life, Woman, Yoy, Investment, The Body Shop, Second wave, USD, Consultant

SÃO PAULO, March 12, 2024 /PRNewswire/ -- Natura &Co's (B3:NTCO3) 2023 financial results, released today, reflect the benefits of a strategy defined and implemented 18 months ago, to prioritize profitability and cash conversion versus revenue growth, integrate the Natura and Avon brands in Latin America, and divest non-core assets to deleverage and simplify its corporate structure.

Key Points:

At the same time, both brands saw improvements in the expense structure while noting the transformational savings recorded at Avon International.
Adjusted EBITDA reached BRL 2,7 billion, and adjusted EBITDA margin expanded 310 bps YoY, showing growth versus prior year in every quarter.
Recognizing Natura &Co's social achievements, the Company is proud to have reached its goal of providing a living wage for all employees across Natura &Co.
Margins and cash remain as priorities in the short term, paving the way for further investments in brands and technology.

Minister Wilkinson Advances Global Cooperation, Resource Security and Sustainable Mining at World's Premier Mining Convention, PDAC 2024

Retrieved on:

Giovedì, Marzo 7, 2024

TORONTO, March 7, 2024 /CNW/ - Canada is a mining nation, and critical minerals are essential for the global energy transition.

Key Points:

TORONTO, March 7, 2024 /CNW/ - Canada is a mining nation, and critical minerals are essential for the global energy transition.
Canada is a global leader in sustainable mineral development and mining innovation.
"I look forward to continuing to work with partners, both nationally and globally, in the development of sustainable minerals and green mining.
Also announced $5.4 million in funding to the International Institute of Sustainable Development to support their ongoing role as the Secretariat of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development.

Enterprises Aim to Move Beyond Pilots, Accelerate Consumption of AI in 2024--Everest Group, Yates Ltd.

Retrieved on:

Giovedì, Gennaio 18, 2024

Artificial intelligence, Privacy, Research, Culture, Wave 1, Second wave, Generative, Investment, Organization, Pulse, Motivation, Growth, Management

DALLAS, Jan. 18, 2024 /PRNewswire-PRWeb/ -- If chief information officers (CIOs) have their way in 2024, expect to see more enterprises making adoption of generative artificial intelligence (gen AI) a strategic priority with an aim to move past small pilots to scaled implementations. This forecast summarizes the sentiments of more than 50 CIOs interviewed by Everest Group in collaboration with Yates Ltd. The survey also revealed that improving the velocity of existing operations is the primary motivation driving enterprise gen AI initiatives.

Key Points:

The survey also revealed that improving the velocity of existing operations is the primary motivation driving enterprise gen AI initiatives.
Unquestionably, gen AI hype dominated 2023, but our survey indicates that it is more than a passing trend.
Key Findings from the Survey:
Sixty-one percent (61%) of global enterprises are actively exploring and piloting gen AI and 22% have already deployed gen AI for at least one or more processes.
The report also showcases three waves of generative AI adoption levels for enterprises and provides guidance to help enterprises advance in their generative AI adoption journey.

New Year, New Benefits Experience: Lessons From Gen Z on Engaging a Multi-Generational Workforce

Retrieved on:

Giovedì, Gennaio 11, 2024

Setting the tone for this new standard of benefits engagement is Generation Z – who, according to MetLife's 21st annual U.S.

Key Points:

Setting the tone for this new standard of benefits engagement is Generation Z – who, according to MetLife's 21st annual U.S.
Employee Benefit Trends Study, are more likely to expect a tailored, year-round benefits experience than other employees.
Thus, as the workforce evolves, so too must the way employers engage and demonstrate care for their employees,” Madden continued.
The employer survey includes 2,840 interviews with benefits decision-makers and influencers at companies with at least two employees.