Reactive destocking

Cabka realizes €144 million in sales up to third quarter

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Thursday, October 19, 2023

BMW, Contract manufacturer, RTP, ECO, Euronext Amsterdam, Tesla, CHEP, Reactive destocking, Continental, Rare-earth element

Total sales over the first three quarters of 2023 came at € 144 million, 6% behind last year (22Q3: € 152 million), driven by a € 8 million decline in non-strategic segments sales.

Key Points:

Total sales over the first three quarters of 2023 came at € 144 million, 6% behind last year (22Q3: € 152 million), driven by a € 8 million decline in non-strategic segments sales.
Sales figures reflect challenging economic circumstances with clients continue to destock, driven by increased interest rates and inflation, and postpone larger orders over the quarter, resulting in quarterly sales of € 40 million.
These positive developments were offset by soft sales in Contract Manufacturing (-15%) and a 24% decline in RTP US reflecting a very slow sales pickup post-flooding.
For the fourth quarter Cabka expects a strong recovery of sales based on the announced major co-development launches, such as CHEP, Continental and BMW, coming up to speed.

EXCESS CAPACITY IN WORLD'S SUPPLY CHAINS UP SHARPLY IN JULY AND AT THE FASTEST PACE SINCE MAY 2020, POINTING TO DETERIORATING ECONOMIC CONDITIONS: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

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Monday, August 14, 2023

NORTH, Unemployment, GEP, Reactive destocking, Weakness, Depression, United Kingdom, Transport, Rare-earth element, Airline, EUROPE, Atlantic Ocean

Demand weakened in Europe especially as conditions in major markets such as the United Kingdom, Germany and France worsened.

Key Points:

Demand weakened in Europe especially as conditions in major markets such as the United Kingdom, Germany and France worsened.
In fact, excess capacity at European suppliers reached its highest level since the global financial crisis of 2008-2009.
DEMAND: Global demand for commodities, components and raw materials continues to weaken at the strongest pace since the start of the year.
The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m.

EXCESS CAPACITY IN WORLD'S SUPPLY CHAINS UP SHARPLY IN JULY AND AT THE FASTEST PACE SINCE MAY 2020, POINTING TO DETERIORATING ECONOMIC CONDITIONS: GEP GLOBAL SUPPLY CHAIN VOLATILITY INDEX

Retrieved on:

Monday, August 14, 2023

NORTH, Unemployment, GEP, Reactive destocking, Weakness, Depression, United Kingdom, Transport, Rare-earth element, Airline, EUROPE, Atlantic Ocean

Demand weakened in Europe especially as conditions in major markets such as the United Kingdom, Germany and France worsened.

Key Points:

Demand weakened in Europe especially as conditions in major markets such as the United Kingdom, Germany and France worsened.
In fact, excess capacity at European suppliers reached its highest level since the global financial crisis of 2008-2009.
DEMAND: Global demand for commodities, components and raw materials continues to weaken at the strongest pace since the start of the year.
The next release of the GEP Global Supply Chain Volatility Index will be 8 a.m.

INVENERGY ANNOUNCES $1 BILLION FOLLOW ON INVESTMENT FROM BLACKSTONE INFRASTRUCTURE PARTNERS

Retrieved on:

Wednesday, June 21, 2023

CDPQ, Wind, Farm, Blackstone, Growth, Reactive destocking, Senior, Renewable energy, Invenergy

CHICAGO, June 21, 2023 /PRNewswire/ -- Invenergy, a leading privately-held developer, owner and operator of sustainable energy solutions, today announced that funds managed by Blackstone Infrastructure Partners ("Blackstone") have completed an approximately $1 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy" or "the company") to support its rapidly expanding business. This investment builds on Blackstone's nearly $3 billion investment in Invenergy in 2021 and 2022.

Key Points:

CHICAGO, June 21, 2023 /PRNewswire/ -- Invenergy, a leading privately-held developer, owner and operator of sustainable energy solutions, today announced that funds managed by Blackstone Infrastructure Partners ("Blackstone") have completed an approximately $1 billion equity investment in Invenergy Renewables Holdings LLC ("Invenergy" or "the company") to support its rapidly expanding business.
This investment builds on Blackstone's nearly $3 billion investment in Invenergy in 2021 and 2022.
Invenergy management will continue as managing member of the company with day-to-day responsibility for execution of the business.
"We are proud to support the continued growth of Invenergy's business," said Matthew Runkle, Senior Managing Director, Blackstone Infrastructure.

Banco Santander-Chile Announces First Quarter 2022 Earnings

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Friday, April 29, 2022

SANTIAGO, Chile, April 29, 2022 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited resultsi for the three-month period ended March 31, 2022 and first quarter 2022 (1Q22).

Key Points:

SANTIAGO, Chile, April 29, 2022 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC; SSE: Bsantander) announced today its unaudited resultsi for the three-month period ended March 31, 2022 and first quarter 2022 (1Q22).
With these results, the Bank notched its sixth consecutive quarter of plus 20% ROAE which reached 25.6% in 1Q22.
The total number of Life clients as of March 2022 increased 59.7% YoY and in the first quarter 2022 Life opened 76,553 current accounts reaching a total of 976,618 clients.
Superdigital continues its acceleration in client acquisition with 28,753 new clients in the quarter, reaching a total of 292,474 clients.