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Finland’s Lindex sees 3% revenue dip in Q1, maintains positive outlook

Lindex Group has reported a revenue of €186 million (~$199.02 million) in Q1 2025, down 3 per cent YoY, with a gross margin of 57.4 per cent.
Revenue declined in both Lindex and Stockmann divisions due to weak consumer confidence.
While Lindex faced supply delays, Stockmann improved efficiency.
The group expects 2025 revenue to grow by 0-4 per cent amid geopolitical challenges.Read More

30.04.2025Comments Off
Economic sentiment down in EU, euro area; job expectations fall in EU

The economic sentiment indicator fell by 1.4 points in both the EU and the euro area by 94.4 and 93.6 respectively in April, official data show.
The employment expectations indicator fell further in the EU by 0.7 points to 96.9, while remaining unchanged in the euro area at 96.5.
Industry confidence remained broadly stable in the EU.
Retail trade confidence (minus 1.7) declined strongly in the EU.Read More

30.04.2025Comments Off
Finland’s Ahlstrom’s solid Q1 performance earns $140 mn gross profit

Ahlstrom has reported Q1 2025 net sales of €739.4 million (~$791.16 million), up 5 per cent, with gross profit rising to €131.1 million (~$140.28 million).
Record-high comparable EBITDA of €107.6 million (~$115.13 million) was driven by pricing, procurement, operational excellence, and product mix improvements.
The company strengthened its portfolio by acquiring Stevens Point.Read More

30.04.2025Comments Off
Tariffs make Chinese exporters, US sourcing firms turn to India: FIEO

The Federation of Indian Export Organisations recently said US sourcing firms and Chinese exporters are approaching Indian enterprises to supply goods to the US as high US tariffs are making it tough for them to ship directly there.
Chinese firms are eager to pass on their export orders to Indian firms for a commission so that shipments continue and business ties with the US are intact, it said.Read More

30.04.2025Comments Off
Euro Area inflation expectations rise, spending growth outlook softens

Consumer inflation expectations in the euro area for the next 12 months and three years rose in March 2025, while perceived past inflation stayed at 3.1 per cent, the ECB said.
Five-year inflation expectations, published separately for the first time, held at 2.1 per cent.
Income growth expectations were stable, spending growth outlook softened, and unemployment expectations eased.Read More

30.04.2025Comments Off
Cambodia to post surplus, Philippines to see 3.4% deficit in 2025: IMF

In the ASEAN region, the IMF recently projected a relatively rare current account surplus of 2.3 per cent of GDP for Cambodia this year, reversing a deficit of 1.7 per cent last year.
But this surplus is forecast to drop to 1.1 per cent of GDP next year.
The Philippines is forecast to suffer the biggest deficit among ASEAN economies cent, followed by Myanmar, Indonesia and Laos.Read More

30.04.2025Comments Off
ICE cotton faces further losses on weak demand, strong dollar

ICE cotton futures fell on Tuesday, with the July 2025 contract hitting its lowest level since April 16 amid a stronger US dollar, weak demand, and favourable US weather.
Global economic uncertainty, soft mills’ demand in Asia, and falling grain prices added pressure.
July cotton settled at 66.49 cents/lb, down 1.06 cents. Market sentiment remains bearish.Read More

30.04.2025Comments Off