Meeting Room - Recent Threads

German Market & Akkodis Pressure

Bruce Banner — Fri, 29 May 2026 13:42:36 GMT

What are the challenges and opportunities in the German market, particularly for Akkodis?

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Jason Lehman — Thu, 14 May 2026 04:19:17 GMT

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Jason Lehman — Thu, 14 May 2026 03:27:56 GMT

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Data Feed Test 01

Jason Lehman — Tue, 12 May 2026 21:52:07 GMT

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Impact of restrictions in Straits of Hormuz

SandyJayaraj — Wed, 11 Mar 2026 14:12:37 GMT

What the impacts on shipments to Asia from restrictions on shipping in the Straits of Hormuz?

ROI of NFL Sunday Ticket and Youtube TV

QnATest Buysider — Sun, 23 Nov 2025 23:56:51 GMT

Can you talk more about NFL Saturday Ticket and just what your key learnings were in year one? How are you thinking about the returns on the investment on both, from an advertising perspective and then also subscribers to both Sunday Ticket and YouTube TV?

Slovenia impact

QnATest Buysider — Sun, 23 Nov 2025 22:52:57 GMT

Slovenia, did that impact Aldi as well as Yolkswagen? Or is it just those two brands? Or can you just explain a little bit more?

Product-related costs

QnATest Buysider — Sun, 23 Nov 2025 22:29:16 GMT

And on the product-related costs, my perception is that the problem is that not enough baskets are sold. And that basically is the cell producers, say, want compensation payments they come then maybe unexpected to you, to the whole industry, maybe, not just to Volkswagen, and that triggers basically an additional earnings burden. And should that mean also that for 2024, maybe the tailwind expected from product-related costs could be smaller than we all expect? So maybe some color on what you expect specifically for product-related costs then in 2024 as well.

Optionality and M&A deals

QnATest Buysider — Sun, 23 Nov 2025 22:06:18 GMT

Net debt to EBITDA is down at sort of 1.1 times. Obviously, it does give you a lot of optionality. As you go through 2024, the scope for M&A sort of bolt-on M&A has that increased? Do you think there’s more chance of deals in 2024?

Outlook on the sale of used equipment

QnATest Buysider — Sun, 23 Nov 2025 21:32:01 GMT

Could you comment on the outlook for the sale of used equipment? Quite a big year in 2024, do you think that was peak levels heading into '25?

M&A targets

QnATest Buysider — Sun, 23 Nov 2025 21:02:22 GMT

Regarding M&A, do you have specific product categories in focus here, or are you looking across the whole portfolio?

Outlook on the sale of used equipment

QnATest Buysider — Sun, 23 Nov 2025 20:14:39 GMT

Could you comment on the outlook for the sale of used equipment? Quite a big year in 2024, do you think that was peak levels heading into '25?

2024 Full Year Results Video

SandyJayaraj — Sun, 23 Nov 2025 15:52:28 GMT

Guidance for 2025

QnATest Buysider — Sun, 23 Nov 2025 15:42:52 GMT

A question about 2025. Consensus has come down really to the lower end of the guidance for 2025. To hit middle of the range, what do you need to see in terms of Memory recovery, Logic orders coming through to 2024 to reassure that?

Margin growth in 2025

SandyJayaraj — Sun, 23 Nov 2025 13:58:10 GMT

Can you elaborate on the mix in your margin growth forecast for 2025

Non-rental CapEx

QnATest Buysider — Sun, 23 Nov 2025 11:58:07 GMT

The non-rental CapEx, which stepped up a couple of years ago quite significantly and appears likely to remain sort of elevated compared to history. Can you talk a little bit more about what's causing that and how long it will last?

Progress of CFO on reengineering the cost structure

QnATest Buysider — Sun, 23 Nov 2025 09:59:01 GMT

A question re the CFO - she is now into year two of durably reengineering the cost structure. Can you help us assess progress so far? And are there any guideposts that we should be thinking about going forward?

Production + supply issues or Demand issues?

QnATest Buysider — Sun, 23 Nov 2025 06:28:06 GMT

On the production side, you had that 100,000 loss production because of the supplier issue. But at the same time, you’re saying order intake is below your ambitious targets. So isn’t it in the end more of a demand issue that the problem and it’s not a good idea to catch up with that loss production in the coming quarters because the inventory is already quite high in the channels?

Market maturity

QnATest Buysider — Sun, 23 Nov 2025 06:02:08 GMT

Is your view on the growth outlook now a little bit below historical levels, i.e., has the market now reached a certain degree of maturity in your view?

Impairment testing

QnATest Buysider — Sun, 23 Nov 2025 05:03:09 GMT

As I look at your balance sheet, and there’s probably about €35 billion of net capitalized development cost, would that withstand an impairment test? And how often do you do impairment tests? In other words, could we expect one by the year-end?

Is LMSA bullish on the adoption of High-NA EUV?

QnATest Buysider — Sun, 23 Nov 2025 04:10:16 GMT

There appears to be a bear case on High-NA EUV. When you look at your 2030 guidance, you're guiding to about 20 High-NA EUV tools. But when you had guided the initial ramp of EUV, you had talked about 50-plus tools. So is it that your guidance on High-NA EUV on 20 tools is a function of the throughput of the tool? Or is it a function on the adoption of the High-NA EUV into semiconductor production? Because there is this emerging case that LMSA itself is not so bullish on the adoption of High-NA EUV.

Impacts of discounts on top of a decline in demand

Jonnifer Jenson — Sun, 23 Nov 2025 01:50:00 GMT

On Wines & Spirits, there has been a rather unusual situation of demand being slightly down in parallel with discounts on some of your brands. Can you give us details about how you balance that with keeping costs down?

Christian Dior brand revenue slowdown

Diana Prince — Sat, 22 Nov 2025 05:23:24 GMT

For the past three or four years running, revenue doubled year-on-year for your Christian Dior brand. But now it's only up 14%. On your latest earnings call you said something about slowing down the growth -- are there a number of things you might wish to consolidate on that brand?

Market maturity

QnATest Buysider — Sat, 22 Nov 2025 02:17:38 GMT

Is your view on the growth outlook now a little bit below historical levels, i.e., has the market now reached a certain degree of maturity in your view?

Real estate investment drivers

Narc Machmann — Mon, 17 Nov 2025 15:01:26 GMT

Could you share the drivers behind your recent property investment and acquisitions that have been seen in the media? What is the value or profitability to the brand?