Dassault Systèmes Q2 Profit Down – Quick Facts

Dassault Systèmes SE (DASTY.PK), a French software maker, reported that its net income attributable to equity holders of the parent for the second quarter decreased to 124.0 million euros or 0.09 euros per share from 182.7 million euros or 0.14 euros per share last year.

Non-IFRS earnings per share improved to 0.26 euros from 0.22 euros in the prior year.

Total revenue for the second quarter grew to 1.38 billion euros from 1.16 billion euros in the prior year.

On a non-IFRS basis, the company expects earnings per share to be in the range of 0.24 euros – 0.25 euros and total revenue of 1.295 billion euros to 1.320 billion euros for the third quarter.

The company reaffirmed its fiscal year 2022 non-IFRS total revenue growth of 9%-10%, in constant currencies. The company raised annual non-IFRS earnings per share target to 14%-16% growth to 1.08 euros – 1.10 euros.

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Greencore Group Sees Strong Q3 Revenue Growth; On Track For Strong Earnings Growth In FY22

Greencore Group plc (GNC), a manufacturer of convenience foods in the UK, on Tuesday reported a 35 percent growth in revenue in the third quarter, driven by strong growth in both the food to go and other convenience categories.

Pro forma revenue increased by 25.8 percent year on year, after adjusting for the impact of an additional week in fiscal year 2022’s accounting period and for movements in foreign exchange.

Revenue growth was driven by a combination of increased volumes, a low-teen percentage increase in underlying pricing, and increased revenue in the Group’s Irish ingredients trading business.

Group revenue for the quarter was 486.2 million pounds. Food to go category revenue was at 333.4 million pounds, whereas other convenience food categories earned a revenue of 152.9 million pounds.

The group also announced the commencement of a 10-million-pound share buyback, forming part of the 50-million-pound programme announced in May 2022.

The group expects to generate an Adjusted Operating Profit outturn of between 72 million pounds and 77 million pounds and Adjusted EPS of between 9.2p and 10.0p in fiscal 2022. 9 analysts polled by Thomson Reuters expect the company to earn 9.55p in the year.

Shares of Greencore Group closed Monday’s trading at 107.30 pence, up 2.10 pence or 2 percent from the previous close.

Games Workshop FY Core Operating Profit Declines

Games Workshop Group PLC (GAW.L) reported that its core operating profit was 131.7 million pounds for the 52 week period to 29 May 2022 compared to 136.7 million pounds, prior year. On a constant currency basis, core business operating profit increased by 0.2 million pounds to 136.9 million pounds. Core gross margin percentage declined in the year by 5.6% points to 67.1%.

Profit before tax increased to 156.5 million pounds from 150.9 million pounds, last year. Earnings per share was 390.6 pence compared to 370.5 pence.

Core revenue increased to 386.8 million pounds from 353.2 million pounds, last year. Revenue was 414.8 million pounds compared to 369.5 million pounds.

Games Workshop Group also announced that the Board has declared a dividend of 90 pence per share. The dividend will be paid on 12 September 2022 for shareholders on the register as at 5 August 2022.

Security Matters, Lionheart To Merge; New Entity Valued At $360 Mln

Security Matters Ltd. (SMX), an Australian technology firm, and Lionheart III Corporation (LION), a special acquisition purpose company, announced their merger, to form a combined business, which is expected to be valued at $360 million.

The new firm will be listed on Nasdaq and to be named SMX Public Limited Company or SMX Ireland, with the ticker symbols- SMX and SMXW, respectively.

The new firm is expected to start trading in the final quarter.
SMX will also cease to be quoted on the Australian Stock Exchange (ASX).

The Melbourne-based SMX, with a $200 million valuation on the ASX, is anticipated to generate proceeds of up to around $116 million, assuming no redemptions by Lionheart’s public stockholders.

Commenting on the merger, SMX said, “…With this merger, we have entered a new chapter to boost our capacity to power and enable the circular economy.”

Compass Q3 Underlying Revenue More Than Doubles From Pre-Covid-19 Period

Compass Group Plc (CPG.L,CMPGF.PK), a British food services provider, said in its trading update on Tuesday that its third-quarter revenues more than doubled when compared with the pre-Covid-19 period, following the continued strong growth momentum.

For the third quarter, the company reported a 109 percent growth in its underlying revenue, compared with the underlying revenue recorded for the fiscal 2019.

For the year-to-date period, Compass posted an underlying revenue growth of 102 percent, compared with the underlying revenue of 2019.

Looking ahead, the company said: “Given the significant acceleration in growth and ongoing recovery of our base business, we are increasing our FY 2022 organic revenue growth guidance from around 30% to around 35%. We confirm our FY 2022 operating margin guidance of over 6% and now expect our exit margin to moderate slightly from around 7% due to the strong net new performance and ongoing inflationary pressures.”

Melting Profits Threaten the Ice Cream Man

Inflation and its rising fuel prices have pushed some ice cream truck owners to the brink.

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By Christina Morales